SD.MEAT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SD.MEAT
Largest movements
- Tangible fixed assets +€5,731
up €5,731 (+28.4%), from €20,166 to €25,897
- Cash -€4,949
down €4,949 (-45.6%), from €10,865 to €5,916
mainly Net result for the year (-€42,306) and Investment in fixed assets (net) (-€11,250)
- Receivables within one year +€4,797
up €4,797 (+24.2%), from €19,814 to €24,611
of which Other amounts receivable: +€13,516
- Stocks and contracts -€1,050
down €1,050 (-8.0%), from €13,200 to €12,150
- Trade debts +€51,782
up €51,782 (+80.9%), from €64,036 to €115,818
- Profit (loss) carried forward -€42,306
down €42,306 (-152.4%), from -€27,758 to -€70,064
- Tax, wage and social debts -€4,732
down €4,732 (-54.0%), from €8,767 to €4,035
of which Remuneration and social security: -€4,550
- Staff costs -€44,168
down €44,168 (-42.1%), from €104,970 to €60,802
- Gross operating margin -€43,078
down €43,078 (-60.9%), from €70,715 to €27,637
- Depreciation -€1,873
down €1,873 (-25.3%), from €7,392 to €5,519
- Other operating charges -€993
down €993 (-52.8%), from €1,882 to €889
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,045 | €68,790 | +€4,744 | +7.4% |
| Fixed assets | 21/28 | €20,166 | €25,897 | +€5,731 | +28.4% |
| Tangible fixed assets | 22/27 | €20,166 | €25,897 | +€5,731 | +28.4% |
| Plant, machinery and equipment | 23 | €20,166 | €25,897 | +€5,731 | +28.4% |
| Current assets | 29/58 | €43,879 | €42,892 | -€987 | -2.2% |
| Stocks and contracts in progress | 3 | €13,200 | €12,150 | -€1,050 | -8.0% |
| Stocks | 30/36 | €13,200 | €12,150 | -€1,050 | -8.0% |
| Amounts receivable within one year | 40/41 | €19,814 | €24,611 | +€4,797 | +24.2% |
| Trade receivables | 40 | €8,955 | €236 | -€8,719 | -97.4% |
| Other amounts receivable | 41 | €10,858 | €24,374 | +€13,516 | +124.5% |
| Cash at bank and in hand | 54/58 | €10,865 | €5,916 | -€4,949 | -45.6% |
| Deferred charges and accrued income | 490/1 | - | €216 | +€216 | |
| Total equity and liabilities | 10/49 | €64,045 | €68,790 | +€4,744 | +7.4% |
| Equity | 10/15 | -€8,758 | -€51,064 | -€42,306 | -483.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,758 | -€70,064 | -€42,306 | -152.4% |
| Amounts payable | 17/49 | €72,803 | €119,853 | +€47,050 | +64.6% |
| Amounts payable within one year | 42/48 | €72,803 | €119,853 | +€47,050 | +64.6% |
| Trade debts | 44 | €64,036 | €115,818 | +€51,782 | +80.9% |
| Suppliers | 440/4 | €64,036 | €115,818 | +€51,782 | +80.9% |
| Taxes, remuneration and social security | 45 | €8,767 | €4,035 | -€4,732 | -54.0% |
| Taxes | 450/3 | €182 | €0 | -€182 | -99.8% |
| Remuneration and social security | 454/9 | €8,584 | €4,035 | -€4,550 | -53.0% |
| Non-recurring operating income | 76A | €16,410 | €663 | -€15,748 | -96.0% |
| Remuneration, social security and pensions | 62 | €104,970 | €60,802 | -€44,168 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,392 | €5,519 | -€1,873 | -25.3% |
| Other operating charges | 640/8 | €1,882 | €889 | -€993 | -52.8% |
| Gross operating margin | 9900 | €70,715 | €27,637 | -€43,078 | -60.9% |
| Operating profit (loss) | 9901 | -€43,529 | -€39,573 | +€3,956 | +9.1% |
| Financial income | 75/76B | €506 | €314 | -€193 | -38.0% |
| Recurring financial income | 75 | €506 | €314 | -€193 | -38.0% |
| Financial charges | 65/66B | €2,362 | €3,046 | +€684 | +29.0% |
| Recurring financial charges | 65 | €2,362 | €3,046 | +€684 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | -€45,385 | -€42,306 | +€3,079 | +6.8% |
| Profit (loss) for the period | 9904 | -€45,385 | -€42,306 | +€3,079 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,385 | -€42,306 | +€3,079 | +6.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.