SELECTED MEAT GROUP: what changed
Two financial 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.
SELECTED MEAT GROUP
Largest movements
- Tangible fixed assets -€10,069
down €10,069 (-5.1%), from €197,175 to €187,107
of which Land and buildings: -€6,869
- Cash -€7,826
down €7,826 (-85.2%), from €9,182 to €1,356
mainly Tax, wage and social debts (-€13,948) and Debts after one year (-€13,285)
- Receivables within one year +€3,672
up €3,672 (+4,416%), from €83 to €3,755
of which Trade receivables: +€3,562
- Accrued charges and deferred income +€23,532
new in 2025: €23,532
- Tax, wage and social debts -€13,948
down €13,948 (-72.0%), from €19,367 to €5,419
of which Remuneration and social security: -€8,273
- Debts after one year -€13,285
down €13,285 (-11.7%), from €114,014 to €100,729
- Other debts -€10,871
no longer reported in 2025 (was €10,871)
- Trade debts -€3,150
down €3,150 (-27.6%), from €11,423 to €8,273
- Gross operating margin -€13,455
down €13,455 (-43.4%), from €31,008 to €17,554
- Financial charges -€3,403
down €3,403 (-56.5%), from €6,019 to €2,616
- Other operating charges -€2,344
down €2,344 (-94.3%), from €2,484 to €141
From the 2024 result to the 2025 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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,320 | €210,608 | -€14,712 | -6.5% |
| Fixed assets | 21/28 | €197,175 | €187,107 | -€10,069 | -5.1% |
| Tangible fixed assets | 22/27 | €197,175 | €187,107 | -€10,069 | -5.1% |
| Land and buildings | 22 | €190,976 | €184,108 | -€6,869 | -3.6% |
| Plant, machinery and equipment | 23 | €4,323 | €1,919 | -€2,403 | -55.6% |
| Furniture and vehicles | 24 | €1,877 | €1,080 | -€797 | -42.4% |
| Current assets | 29/58 | €28,145 | €23,501 | -€4,643 | -16.5% |
| Stocks and contracts in progress | 3 | €18,880 | €18,390 | -€490 | -2.6% |
| Stocks | 30/36 | €18,880 | €18,390 | -€490 | -2.6% |
| Amounts receivable within one year | 40/41 | €83 | €3,755 | +€3,672 | +4,416% |
| Trade receivables | 40 | - | €3,562 | +€3,562 | |
| Other amounts receivable | 41 | €83 | €194 | +€111 | +133% |
| Cash at bank and in hand | 54/58 | €9,182 | €1,356 | -€7,826 | -85.2% |
| Total equity and liabilities | 10/49 | €225,320 | €210,608 | -€14,712 | -6.5% |
| Equity | 10/15 | €54,234 | €57,233 | +€2,999 | +5.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,283 | €44,281 | +€2,999 | +7.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,423 | €42,421 | +€2,999 | +7.6% |
| Profit (loss) carried forward | 14 | €552 | €552 | = | 0.0% |
| Amounts payable | 17/49 | €171,086 | €153,375 | -€17,711 | -10.4% |
| Amounts payable after more than one year | 17 | €114,014 | €100,729 | -€13,285 | -11.7% |
| Financial debts | 170/4 | €114,014 | €100,729 | -€13,285 | -11.7% |
| Amounts payable within one year | 42/48 | €57,072 | €29,114 | -€27,958 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | €15,410 | €15,422 | +€12 | +0.1% |
| Trade debts | 44 | €11,423 | €8,273 | -€3,150 | -27.6% |
| Suppliers | 440/4 | €11,423 | €8,273 | -€3,150 | -27.6% |
| Taxes, remuneration and social security | 45 | €19,367 | €5,419 | -€13,948 | -72.0% |
| Taxes | 450/3 | €10,185 | €4,509 | -€5,675 | -55.7% |
| Remuneration and social security | 454/9 | €9,183 | €910 | -€8,273 | -90.1% |
| Other amounts payable | 47/48 | €10,871 | - | -€10,871 | |
| Accrued charges and deferred income | 492/3 | - | €23,532 | +€23,532 | |
| Remuneration, social security and pensions | 62 | €31 | €281 | +€250 | +806% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,183 | €10,069 | -€114 | -1.1% |
| Other operating charges | 640/8 | €2,484 | €141 | -€2,344 | -94.3% |
| Gross operating margin | 9900 | €31,008 | €17,554 | -€13,455 | -43.4% |
| Operating profit (loss) | 9901 | €18,310 | €7,064 | -€11,246 | -61.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,019 | €2,616 | -€3,403 | -56.5% |
| Recurring financial charges | 65 | €6,019 | €2,616 | -€3,403 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €12,291 | €4,448 | -€7,843 | -63.8% |
| Income taxes | 67/77 | €1,628 | €1,449 | -€179 | -11.0% |
| Profit (loss) for the period | 9904 | €10,663 | €2,999 | -€7,664 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,663 | €2,999 | -€7,664 | -71.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.