TRANSMEAT: 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.
What changed
TRANSMEAT
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.4m-€199,769
Equity
€2.3m
2024 · €2.3m+€57,850
Cash
€2.7m
2024 · €2.5m+€149,183
Balance sheet total
€11.1m
2024 · €11.1m+€53,845
Largest movements
Assets
- Current investments -€360,000
down €360,000 (-17.5%), from €2.1m to €1.7m
- Stocks and contracts +€154,661
up €154,661 (+9.9%), from €1.6m to €1.7m
- Cash +€149,183
up €149,183 (+5.9%), from €2.5m to €2.7m
mainly Net result for the year (+€1.2m) and Trade debts (+€723,176)
Equity and liabilities
- Trade debts +€723,176
up €723,176 (+15.6%), from €4.6m to €5.4m
- Debts after one year -€559,852
down €559,852 (-35.8%), from €1.6m to €1.0m
- Other debts -€200,000
down €200,000 (-15.4%), from €1.3m to €1.1m
Income statement
- Goods and materials +€810,661
up €810,661 (+1.6%), from €49.5m to €50.3m
of which Purchases: +€1.5m
- Turnover +€718,317
up €718,317 (+1.3%), from €56.0m to €56.7m
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
€1.4m
Turnover
+€718,317
Other operating income
-€93,772
Goods and materials
-€810,661
Services and other goods
+€41,604
Staff costs
-€22,251
Depreciation
+€43,923
Other operating charges
-€285
Other operating items
-€121,457
Financial income
-€29,175
Financial charges
+€9,659
Taxes
+€54,725
Deferred taxes and other
+€9,605
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.8m
Investment
+€12,284
Financing
-€1.7m
Cash 2024
€2.5m
From operations (derived)
+€1.8m
Net result for the year
+€1.2m
Depreciation
+€391,511
Stocks and contracts
-€154,661
Receivables within one year
-€79,240
Deferred charges and accrued income
-€74,557
Smaller working-capital items
-€686
Trade debts
+€723,176
Tax, wage and social debts
+€24,587
Other debts
-€200,000
Investment (derived)
+€12,284
Investment in fixed assets (net)
-€347,716
Current investments
+€360,000
Financing
-€1.7m
Debts after one year
-€559,852
Current portion of long-term debt
-€25,991
Short-term financial debts
+€34,761
Contributions, distributions and other
-€1.1m
Cash 2025
€2.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,072,315 | €11,126,160 | +€53,845 | +0.5% |
| Fixed assets | 21/28 | €2,424,320 | €2,380,525 | -€43,796 | -1.8% |
| Tangible fixed assets | 22/27 | €2,355,708 | €2,288,352 | -€67,356 | -2.9% |
| Land and buildings | 22 | €869,120 | €853,248 | -€15,873 | -1.8% |
| Plant, machinery and equipment | 23 | €1,227,774 | €1,006,528 | -€221,246 | -18.0% |
| Furniture and vehicles | 24 | €258,814 | €428,576 | +€169,762 | +65.6% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €68,612 | €92,173 | +€23,561 | +34.3% |
| Other financial fixed assets | 284/8 | €68,612 | €92,173 | +€23,561 | +34.3% |
| Amounts receivable and cash guarantees | 285/8 | €68,612 | €92,173 | +€23,561 | +34.3% |
| Current assets | 29/58 | €8,647,995 | €8,745,635 | +€97,641 | +1.1% |
| Stocks and contracts in progress | 3 | €1,560,896 | €1,715,557 | +€154,661 | +9.9% |
| Stocks | 30/36 | €1,560,896 | €1,715,557 | +€154,661 | +9.9% |
| Raw materials and consumables | 30/31 | €380,967 | €486,452 | +€105,485 | +27.7% |
| Finished goods | 33 | €69,184 | €59,424 | -€9,759 | -14.1% |
| Goods purchased for resale | 34 | €1,110,745 | €1,169,681 | +€58,936 | +5.3% |
| Amounts receivable within one year | 40/41 | €2,408,609 | €2,487,849 | +€79,240 | +3.3% |
| Trade receivables | 40 | €2,406,244 | €2,476,184 | +€69,940 | +2.9% |
| Other amounts receivable | 41 | €2,365 | €11,665 | +€9,300 | +393% |
| Current investments | 50/53 | €2,060,000 | €1,700,000 | -€360,000 | -17.5% |
| Other investments | 51/53 | €2,060,000 | €1,700,000 | -€360,000 | -17.5% |
| Cash at bank and in hand | 54/58 | €2,519,049 | €2,668,231 | +€149,183 | +5.9% |
| Deferred charges and accrued income | 490/1 | €99,441 | €173,998 | +€74,557 | +75.0% |
| Total equity and liabilities | 10/49 | €11,072,315 | €11,126,160 | +€53,845 | +0.5% |
| Equity | 10/15 | €2,259,794 | €2,317,644 | +€57,850 | +2.6% |
| Contributions | 10/11 | €496,000 | €496,000 | = | 0.0% |
| Capital | 10 | €496,000 | €496,000 | = | 0.0% |
| Issued capital | 100 | €496,000 | €496,000 | = | 0.0% |
| Reserves | 13 | €1,482,222 | €1,485,902 | +€3,680 | +0.2% |
| Non-distributable reserves | 130/1 | €49,600 | €49,600 | = | 0.0% |
| Legal reserve | 130 | €49,600 | €49,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €316,048 | €319,728 | +€3,680 | +1.2% |
| Distributable reserves | 133 | €1,116,574 | €1,116,574 | = | 0.0% |
| Profit (loss) carried forward | 14 | €229,605 | €291,291 | +€61,686 | +26.9% |
| Investment grants | 15 | €51,966 | €44,450 | -€7,516 | -14.5% |
| Provisions and deferred taxes | 16 | €29,827 | €31,053 | +€1,227 | +4.1% |
| Deferred taxes | 168 | €29,827 | €31,053 | +€1,227 | +4.1% |
| Amounts payable | 17/49 | €8,782,695 | €8,777,463 | -€5,232 | -0.1% |
| Amounts payable after more than one year | 17 | €1,562,663 | €1,002,812 | -€559,852 | -35.8% |
| Financial debts | 170/4 | €1,562,663 | €1,002,812 | -€559,852 | -35.8% |
| Credit institutions | 173 | €1,562,663 | €1,002,812 | -€559,852 | -35.8% |
| Amounts payable within one year | 42/48 | €7,216,395 | €7,772,928 | +€556,533 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €585,843 | €559,852 | -€25,991 | -4.4% |
| Financial debts | 43 | €248,540 | €283,301 | +€34,761 | +14.0% |
| Credit institutions | 430/8 | €248,540 | €283,301 | +€34,761 | +14.0% |
| Trade debts | 44 | €4,632,930 | €5,356,106 | +€723,176 | +15.6% |
| Suppliers | 440/4 | €4,632,930 | €5,356,106 | +€723,176 | +15.6% |
| Taxes, remuneration and social security | 45 | €449,082 | €473,670 | +€24,587 | +5.5% |
| Taxes | 450/3 | €8,264 | €25,674 | +€17,410 | +211% |
| Remuneration and social security | 454/9 | €440,819 | €447,996 | +€7,177 | +1.6% |
| Other amounts payable | 47/48 | €1,300,000 | €1,100,000 | -€200,000 | -15.4% |
| Accrued charges and deferred income | 492/3 | €3,636 | €1,723 | -€1,913 | -52.6% |
| Operating income | 70/76A | €57,438,147 | €57,934,272 | +€496,125 | +0.9% |
| Turnover | 70 | €55,982,936 | €56,701,253 | +€718,317 | +1.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €22,739 | -€9,759 | -€32,498 | |
| Other operating income | 74 | €1,299,697 | €1,205,925 | -€93,772 | -7.2% |
| Non-recurring operating income | 76A | €132,775 | €36,853 | -€95,923 | -72.2% |
| Operating charges | 60/66A | €55,662,835 | €56,403,541 | +€740,707 | +1.3% |
| Goods for resale, raw materials and consumables | 60 | €49,452,422 | €50,263,084 | +€810,661 | +1.6% |
| Purchases | 600/8 | €48,946,253 | €50,427,504 | +€1.5m | +3.0% |
| Change in stocks: decrease (increase) | 609 | €506,169 | -€164,421 | -€670,590 | |
| Services and other goods | 61 | €2,572,574 | €2,530,970 | -€41,604 | -1.6% |
| Remuneration, social security and pensions | 62 | €3,127,224 | €3,149,475 | +€22,251 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €435,434 | €391,511 | -€43,923 | -10.1% |
| Other operating charges | 640/8 | €64,767 | €65,053 | +€285 | +0.4% |
| Non-recurring operating charges | 66A | €10,413 | €3,449 | -€6,964 | -66.9% |
| Operating profit (loss) | 9901 | €1,775,312 | €1,530,730 | -€244,582 | -13.8% |
| Financial income | 75/76B | €93,922 | €64,747 | -€29,175 | -31.1% |
| Recurring financial income | 75 | €93,922 | €64,747 | -€29,175 | -31.1% |
| Income from current assets | 751 | €69,250 | €46,464 | -€22,785 | -32.9% |
| Other financial income | 752/9 | €24,672 | €18,282 | -€6,390 | -25.9% |
| Financial charges | 65/66B | €43,754 | €34,095 | -€9,659 | -22.1% |
| Recurring financial charges | 65 | €43,754 | €34,095 | -€9,659 | -22.1% |
| Debt charges | 650 | €39,787 | €30,878 | -€8,909 | -22.4% |
| Other financial charges | 652/9 | €3,966 | €3,217 | -€750 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €1,825,481 | €1,561,382 | -€264,098 | -14.5% |
| Transfer from deferred taxes | 780 | €4,632 | €6,431 | +€1,799 | +38.8% |
| Transfer to deferred taxes | 680 | €15,464 | €7,658 | -€7,806 | -50.5% |
| Income taxes | 67/77 | €449,514 | €394,789 | -€54,725 | -12.2% |
| Taxes | 670/3 | €449,525 | €394,789 | -€54,736 | -12.2% |
| Tax adjustments and reversals of tax provisions | 77 | €11 | €0 | -€11 | -100% |
| Profit (loss) for the period | 9904 | €1,365,135 | €1,165,366 | -€199,769 | -14.6% |
| Transfer from tax-exempt reserves | 789 | €13,897 | €19,294 | +€5,397 | +38.8% |
| Transfer to tax-exempt reserves | 689 | €46,392 | €22,974 | -€23,419 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,332,640 | €1,161,686 | -€170,953 | -12.8% |
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 14 October 2026 via checked.be.