Slagerij Baert: 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.
Slagerij Baert
Largest movements
- Tangible fixed assets -€260,265
down €260,265 (-29.6%), from €880,496 to €620,230
of which Land and buildings: -€262,709
- Cash +€211,810
up €211,810 (+114%), from €185,345 to €397,155
mainly Investment in fixed assets (net) (+€165,391) and Depreciation (+€94,875)
- Reserves -€114,976
down €114,976 (-47.8%), from €240,681 to €125,706
- Other debts +€66,500
up €66,500 (+56.8%), from €117,030 to €183,530
- Tax, wage and social debts +€54,763
up €54,763 (+198%), from €27,631 to €82,394
of which Taxes: +€55,753
- Debts after one year -€38,746
down €38,746 (-12.1%), from €321,038 to €282,292
- Gross operating margin +€51,500
up €51,500 (+18.6%), from €276,260 to €327,760
- Staff costs +€21,560
up €21,560 (+17.8%), from €121,010 to €142,570
- Taxes +€9,277
up €9,277 (+137%), from €6,776 to €16,053
- Depreciation -€8,999
down €8,999 (-8.7%), from €103,874 to €94,875
- Financial charges -€8,925
down €8,925 (-51.2%), from €17,438 to €8,513
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 | €1,100,768 | €1,064,959 | -€35,810 | -3.3% |
| Fixed assets | 21/28 | €880,496 | €620,230 | -€260,265 | -29.6% |
| Tangible fixed assets | 22/27 | €880,496 | €620,230 | -€260,265 | -29.6% |
| Land and buildings | 22 | €765,672 | €502,963 | -€262,709 | -34.3% |
| Plant, machinery and equipment | 23 | €43,318 | €69,691 | +€26,373 | +60.9% |
| Furniture and vehicles | 24 | €71,505 | €47,577 | -€23,929 | -33.5% |
| Current assets | 29/58 | €220,273 | €444,729 | +€224,456 | +102% |
| Stocks and contracts in progress | 3 | €17,758 | €23,434 | +€5,677 | +32.0% |
| Stocks | 30/36 | €17,758 | €23,434 | +€5,677 | +32.0% |
| Amounts receivable within one year | 40/41 | €13,211 | €20,145 | +€6,934 | +52.5% |
| Trade receivables | 40 | €9,987 | €10,015 | +€28 | +0.3% |
| Other amounts receivable | 41 | €3,224 | €10,130 | +€6,906 | +214% |
| Cash at bank and in hand | 54/58 | €185,345 | €397,155 | +€211,810 | +114% |
| Deferred charges and accrued income | 490/1 | €3,959 | €3,995 | +€36 | +0.9% |
| Total equity and liabilities | 10/49 | €1,100,768 | €1,064,959 | -€35,810 | -3.3% |
| Equity | 10/15 | €570,681 | €455,706 | -€114,976 | -20.1% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Reserves | 13 | €240,681 | €125,706 | -€114,976 | -47.8% |
| Distributable reserves | 133 | €240,681 | €125,706 | -€114,976 | -47.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €530,087 | €609,253 | +€79,166 | +14.9% |
| Amounts payable after more than one year | 17 | €321,038 | €282,292 | -€38,746 | -12.1% |
| Financial debts | 170/4 | €321,038 | €282,292 | -€38,746 | -12.1% |
| Amounts payable within one year | 42/48 | €199,663 | €326,139 | +€126,475 | +63.3% |
| Current portion of amounts payable after more than one year | 42 | €42,102 | €38,746 | -€3,357 | -8.0% |
| Trade debts | 44 | €12,900 | €21,469 | +€8,569 | +66.4% |
| Suppliers | 440/4 | €12,900 | €21,469 | +€8,569 | +66.4% |
| Taxes, remuneration and social security | 45 | €27,631 | €82,394 | +€54,763 | +198% |
| Taxes | 450/3 | €4,097 | €59,850 | +€55,753 | +1,361% |
| Remuneration and social security | 454/9 | €23,534 | €22,544 | -€990 | -4.2% |
| Other amounts payable | 47/48 | €117,030 | €183,530 | +€66,500 | +56.8% |
| Accrued charges and deferred income | 492/3 | €9,386 | €822 | -€8,564 | -91.2% |
| Non-recurring operating income | 76A | €0 | €65,602 | +€65,602 | |
| Remuneration, social security and pensions | 62 | €121,010 | €142,570 | +€21,560 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,874 | €94,875 | -€8,999 | -8.7% |
| Other operating charges | 640/8 | €4,244 | €4,226 | -€17 | -0.4% |
| Gross operating margin | 9900 | €276,260 | €327,760 | +€51,500 | +18.6% |
| Operating profit (loss) | 9901 | €47,132 | €86,089 | +€38,957 | +82.7% |
| Financial income | 75/76B | €1 | €2 | +€1 | +225% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +225% |
| Financial charges | 65/66B | €17,438 | €8,513 | -€8,925 | -51.2% |
| Recurring financial charges | 65 | €17,438 | €8,513 | -€8,925 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €29,694 | €77,577 | +€47,883 | +161% |
| Income taxes | 67/77 | €6,776 | €16,053 | +€9,277 | +137% |
| Profit (loss) for the period | 9904 | €22,918 | €61,524 | +€38,606 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €22,918 | €61,524 | +€38,606 | +168% |
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 25 October 2026 via checked.be.