STEMA 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.
What changed
STEMA MEAT
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€533,355
2024 · €388,019+€145,336
Equity
€1.0m
2024 · €695,209+€337,355
Cash
€557,424
2024 · €280,151+€277,273
Balance sheet total
€2.8m
2024 · €2.5m+€281,085
Largest movements
Assets
- Cash +€277,273
up €277,273 (+99.0%), from €280,151 to €557,424
mainly Net result for the year (+€533,355) and Depreciation (+€89,331)
Equity and liabilities
- Reserves +€337,355
up €337,355 (+49.9%), from €676,609 to €1.0m
- Trade debts -€95,939
down €95,939 (-10.6%), from €901,330 to €805,391
- Tax, wage and social debts +€67,913
up €67,913 (+46.1%), from €147,432 to €215,345
of which Taxes: +€67,755
- Debts after one year -€30,120
down €30,120 (-12.0%), from €250,453 to €220,334
Income statement
- Other operating charges -€174,289
down €174,289 (-90.3%), from €192,940 to €18,651
- Taxes +€29,103
up €29,103 (+32.1%), from €90,786 to €119,889
- Gross operating margin +€25,919
up €25,919 (+1.4%), from €1.8m to €1.8m
- Staff costs +€19,663
up €19,663 (+1.9%), from €1.0m to €1.0m
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.
Result 2024
€388,019
Gross operating margin
+€25,919
Staff costs
-€19,663
Depreciation
-€11,917
Other operating charges
+€174,289
Other operating items
+€924
Financial income
+€2,263
Financial charges
+€2,624
Taxes
-€29,103
Result 2025
€533,355
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.
From operations
+€600,681
Investment
-€92,919
Financing
-€230,488
Cash 2024
€280,151
From operations (derived)
+€600,681
Net result for the year
+€533,355
Depreciation
+€89,331
Stocks and contracts
+€6,461
Receivables within one year
-€5,558
Deferred charges and accrued income
-€1,127
Trade debts
-€95,939
Tax, wage and social debts
+€67,913
Other debts
+€6,244
Investment (derived)
-€92,919
Investment in fixed assets (net)
-€92,919
Financing
-€230,488
Debts after one year
-€30,120
Current portion of long-term debt
+€18,802
Short-term financial debts
-€23,171
Contributions, distributions and other
-€196,000
Cash 2025
€557,424
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,477,807 | €2,758,892 | +€281,085 | +11.3% |
| Fixed assets | 21/28 | €221,938 | €225,526 | +€3,588 | +1.6% |
| Tangible fixed assets | 22/27 | €212,888 | €220,526 | +€7,638 | +3.6% |
| Plant, machinery and equipment | 23 | €106,094 | €112,553 | +€6,459 | +6.1% |
| Furniture and vehicles | 24 | €25,638 | €12,744 | -€12,894 | -50.3% |
| Leasing and similar rights | 25 | €81,155 | €56,865 | -€24,290 | -29.9% |
| Other tangible fixed assets | 26 | - | €38,363 | +€38,363 | |
| Financial fixed assets | 28 | €9,050 | €5,000 | -€4,050 | -44.8% |
| Current assets | 29/58 | €2,255,869 | €2,533,366 | +€277,497 | +12.3% |
| Stocks and contracts in progress | 3 | €109,781 | €103,320 | -€6,461 | -5.9% |
| Stocks | 30/36 | €109,781 | €103,320 | -€6,461 | -5.9% |
| Amounts receivable within one year | 40/41 | €1,843,939 | €1,849,497 | +€5,558 | +0.3% |
| Trade receivables | 40 | €156,726 | €129,234 | -€27,492 | -17.5% |
| Other amounts receivable | 41 | €1,687,213 | €1,720,264 | +€33,050 | +2.0% |
| Cash at bank and in hand | 54/58 | €280,151 | €557,424 | +€277,273 | +99.0% |
| Deferred charges and accrued income | 490/1 | €21,998 | €23,125 | +€1,127 | +5.1% |
| Total equity and liabilities | 10/49 | €2,477,807 | €2,758,892 | +€281,085 | +11.3% |
| Equity | 10/15 | €695,209 | €1,032,564 | +€337,355 | +48.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €676,609 | €1,013,964 | +€337,355 | +49.9% |
| Distributable reserves | 133 | €676,609 | €1,013,964 | +€337,355 | +49.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,782,598 | €1,726,328 | -€56,270 | -3.2% |
| Amounts payable after more than one year | 17 | €250,453 | €220,334 | -€30,120 | -12.0% |
| Financial debts | 170/4 | €250,453 | €220,334 | -€30,120 | -12.0% |
| Amounts payable within one year | 42/48 | €1,532,145 | €1,505,995 | -€26,150 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €113,319 | €132,121 | +€18,802 | +16.6% |
| Financial debts | 43 | €180,309 | €157,138 | -€23,171 | -12.9% |
| Credit institutions | 430/8 | €180,309 | €157,138 | -€23,171 | -12.9% |
| Trade debts | 44 | €901,330 | €805,391 | -€95,939 | -10.6% |
| Suppliers | 440/4 | €901,330 | €805,391 | -€95,939 | -10.6% |
| Taxes, remuneration and social security | 45 | €147,432 | €215,345 | +€67,913 | +46.1% |
| Taxes | 450/3 | €13,052 | €80,807 | +€67,755 | +519.1% |
| Remuneration and social security | 454/9 | €134,380 | €134,538 | +€158 | +0.1% |
| Other amounts payable | 47/48 | €189,756 | €196,000 | +€6,244 | +3.3% |
| Non-recurring operating income | 76A | €207 | €0 | -€207 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,010,889 | €1,030,552 | +€19,663 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,414 | €89,331 | +€11,917 | +15.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €192,940 | €18,651 | -€174,289 | -90.3% |
| Non-recurring operating charges | 66A | €924 | €0 | -€924 | -100.0% |
| Gross operating margin | 9900 | €1,795,917 | €1,821,836 | +€25,919 | +1.4% |
| Operating profit (loss) | 9901 | €513,750 | €683,302 | +€169,552 | +33.0% |
| Financial income | 75/76B | €31,265 | €33,528 | +€2,263 | +7.2% |
| Recurring financial income | 75 | €31,265 | €33,528 | +€2,263 | +7.2% |
| Financial charges | 65/66B | €66,210 | €63,586 | -€2,624 | -4.0% |
| Recurring financial charges | 65 | €66,210 | €63,586 | -€2,624 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €478,805 | €653,244 | +€174,439 | +36.4% |
| Income taxes | 67/77 | €90,786 | €119,889 | +€29,103 | +32.1% |
| Profit (loss) for the period | 9904 | €388,019 | €533,355 | +€145,336 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €388,019 | €533,355 | +€145,336 | +37.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.