SK MEAT: 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.
SK MEAT
Largest movements
- Receivables within one year -€46,958
down €46,958 (-33.1%), from €141,893 to €94,935
of which Trade receivables: -€59,441
- Stocks and contracts +€40,019
up €40,019 (+192.6%), from €20,782 to €60,800
- Tangible fixed assets -€17,774
down €17,774 (-13.0%), from €136,442 to €118,667
of which Furniture and vehicles: -€15,348
- Cash -€8,752
down €8,752 (-8.9%), from €97,957 to €89,205
mainly Stocks and contracts (-€40,019) and Net result for the year (-€35,714)
- Deferred charges and accrued income +€5,663
up €5,663 (+196.6%), from €2,881 to €8,544
- Profit (loss) carried forward -€34,337
down €34,337 (-86.4%), from €39,735 to €5,397
- Other debts +€28,900
new in 2025: €28,900
- Debts after one year -€27,559
down €27,559 (-34.4%), from €80,124 to €52,565
- Trade debts +€15,198
up €15,198 (+7.8%), from €193,982 to €209,180
- Tax, wage and social debts -€9,796
down €9,796 (-24.6%), from €39,748 to €29,952
of which Taxes: -€17,294
- Gross operating margin -€31,029
down €31,029 (-20.5%), from €151,652 to €120,624
- Depreciation +€21,759
up €21,759 (+174.8%), from €12,446 to €34,205
- Staff costs +€15,305
up €15,305 (+17.8%), from €85,989 to €101,294
- Taxes -€14,617
down €14,617 (-89.9%), from €16,256 to €1,638
- Financial charges +€3,384
up €3,384 (+98.7%), from €3,429 to €6,813
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.
Cash bridge derived
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 | €399,955 | €372,153 | -€27,802 | -7.0% |
| Fixed assets | 21/28 | €136,442 | €118,667 | -€17,774 | -13.0% |
| Tangible fixed assets | 22/27 | €136,442 | €118,667 | -€17,774 | -13.0% |
| Plant, machinery and equipment | 23 | €17,032 | €14,288 | -€2,744 | -16.1% |
| Furniture and vehicles | 24 | €111,963 | €96,615 | -€15,348 | -13.7% |
| Other tangible fixed assets | 26 | €7,446 | €7,764 | +€318 | +4.3% |
| Current assets | 29/58 | €263,513 | €253,485 | -€10,028 | -3.8% |
| Stocks and contracts in progress | 3 | €20,782 | €60,800 | +€40,019 | +192.6% |
| Stocks | 30/36 | €20,782 | €60,800 | +€40,019 | +192.6% |
| Amounts receivable within one year | 40/41 | €141,893 | €94,935 | -€46,958 | -33.1% |
| Trade receivables | 40 | €138,197 | €78,756 | -€59,441 | -43.0% |
| Other amounts receivable | 41 | €3,696 | €16,179 | +€12,483 | +337.7% |
| Cash at bank and in hand | 54/58 | €97,957 | €89,205 | -€8,752 | -8.9% |
| Deferred charges and accrued income | 490/1 | €2,881 | €8,544 | +€5,663 | +196.6% |
| Total equity and liabilities | 10/49 | €399,955 | €372,153 | -€27,802 | -7.0% |
| Equity | 10/15 | €59,712 | €23,997 | -€35,714 | -59.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,377 | - | -€1,377 | |
| Distributable reserves | 133 | €1,377 | - | -€1,377 | |
| Profit (loss) carried forward | 14 | €39,735 | €5,397 | -€34,337 | -86.4% |
| Amounts payable | 17/49 | €340,243 | €348,155 | +€7,913 | +2.3% |
| Amounts payable after more than one year | 17 | €80,124 | €52,565 | -€27,559 | -34.4% |
| Financial debts | 170/4 | €80,124 | €52,565 | -€27,559 | -34.4% |
| Amounts payable within one year | 42/48 | €260,119 | €295,590 | +€35,471 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €26,389 | €27,559 | +€1,170 | +4.4% |
| Trade debts | 44 | €193,982 | €209,180 | +€15,198 | +7.8% |
| Suppliers | 440/4 | €193,982 | €209,180 | +€15,198 | +7.8% |
| Taxes, remuneration and social security | 45 | €39,748 | €29,952 | -€9,796 | -24.6% |
| Taxes | 450/3 | €36,275 | €18,981 | -€17,294 | -47.7% |
| Remuneration and social security | 454/9 | €3,473 | €10,970 | +€7,497 | +215.8% |
| Other amounts payable | 47/48 | - | €28,900 | +€28,900 | |
| Remuneration, social security and pensions | 62 | €85,989 | €101,294 | +€15,305 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,446 | €34,205 | +€21,759 | +174.8% |
| Other operating charges | 640/8 | €10,498 | €12,388 | +€1,889 | +18.0% |
| Non-recurring operating charges | 66A | €178 | - | -€178 | |
| Gross operating margin | 9900 | €151,652 | €120,624 | -€31,029 | -20.5% |
| Operating profit (loss) | 9901 | €42,541 | -€27,263 | -€69,804 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,429 | €6,813 | +€3,384 | +98.7% |
| Recurring financial charges | 65 | €3,429 | €6,813 | +€3,384 | +98.7% |
| Profit (loss) for the period before taxes | 9903 | €39,112 | -€34,076 | -€73,188 | |
| Income taxes | 67/77 | €16,256 | €1,638 | -€14,617 | -89.9% |
| Profit (loss) for the period | 9904 | €22,856 | -€35,714 | -€58,571 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,856 | -€35,714 | -€58,571 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.