Van Aerde: 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
Van Aerde
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€809,949
2024 · €3.1m-€2.3m
Equity
€9.5m
2024 · €9.7m-€211,085
Cash
€781,327
2024 · €909,032-€127,705
Balance sheet total
€41.4m
2024 · €35.6m+€5.8m
Largest movements
Assets
- Receivables within one year +€5.1m
up €5.1m (+51.9%), from €9.7m to €14.8m
of which Trade receivables: +€2.9m
- Stocks and contracts +€519,626
up €519,626 (+2.7%), from €19.4m to €19.9m
Equity and liabilities
- Provisions +€3.5m
new in 2025: €3.5m
- Trade debts +€1.4m
up €1.4m (+15.2%), from €9.4m to €10.9m
- Short-term financial debts +€1.0m
up €1.0m (+9.8%), from €10.4m to €11.4m
- Other debts +€851,241
up €851,241 (+30.4%), from €2.8m to €3.7m
- Debts after one year -€630,359
down €630,359 (-30.4%), from €2.1m to €1.4m
Income statement
- Turnover +€14.6m
up €14.6m (+16.3%), from €89.6m to €104.1m
- Goods and materials +€13.9m
up €13.9m (+17.2%), from €80.7m to €94.6m
of which Purchases: +€10.9m
- Provisions +€3.5m
new in 2025: €3.5m
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
€3.1m
Turnover
+€14.6m
Other operating income
-€68,343
Goods and materials
-€13.9m
Services and other goods
+€118,321
Staff costs
-€270,048
Depreciation
-€90,707
Write-downs
+€106,786
Provisions
-€3.5m
Other operating charges
-€64,314
Other operating items
-€5,478
Financial income
+€11,507
Financial charges
+€63,631
Taxes
+€746,906
Result 2025
€809,949
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
+€1.1m
Investment
-€307,788
Financing
-€883,060
Cash 2024
€909,032
From operations (derived)
+€1.1m
Net result for the year
+€809,949
Depreciation
+€173,000
Stocks and contracts
-€519,626
Receivables within one year
-€5.1m
Deferred charges and accrued income
-€239,940
Provisions
+€3.5m
Trade debts
+€1.4m
Tax, wage and social debts
+€194,528
Other debts
+€851,241
Accrued charges and deferred income
-€81,220
Investment (derived)
-€307,788
Investment in fixed assets (net)
-€307,788
Financing
-€883,060
Debts after one year
-€630,359
Current portion of long-term debt
-€253,591
Short-term financial debts
+€1.0m
Contributions, distributions and other
-€1.0m
Cash 2025
€781,327
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,565,944 | €41,389,184 | +€5.8m | +16.4% |
| Fixed assets | 21/28 | €5,458,875 | €5,593,662 | +€134,787 | +2.5% |
| Intangible fixed assets | 21 | €402,101 | €478,600 | +€76,499 | +19.0% |
| Tangible fixed assets | 22/27 | €243,146 | €301,434 | +€58,288 | +24.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €172,013 | €130,611 | -€41,402 | -24.1% |
| Furniture and vehicles | 24 | €71,133 | €141,140 | +€70,006 | +98.4% |
| Other tangible fixed assets | 26 | - | €29,684 | +€29,684 | |
| Financial fixed assets | 28 | €4,813,628 | €4,813,628 | = | 0.0% |
| Affiliated companies | 280/1 | €4,807,620 | €4,807,620 | = | 0.0% |
| Participating interests | 280 | €2,927,020 | €2,927,020 | = | 0.0% |
| Amounts receivable | 281 | €1,880,601 | €1,880,601 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,008 | €6,008 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,008 | €6,008 | = | 0.0% |
| Current assets | 29/58 | €30,107,069 | €35,795,522 | +€5.7m | +18.9% |
| Stocks and contracts in progress | 3 | €19,375,816 | €19,895,442 | +€519,626 | +2.7% |
| Stocks | 30/36 | €19,375,816 | €19,895,442 | +€519,626 | +2.7% |
| Goods purchased for resale | 34 | €11,379,850 | €10,533,027 | -€846,823 | -7.4% |
| Advance payments | 36 | €7,995,967 | €9,362,415 | +€1.4m | +17.1% |
| Amounts receivable within one year | 40/41 | €9,737,935 | €14,794,527 | +€5.1m | +51.9% |
| Trade receivables | 40 | €8,123,747 | €11,062,841 | +€2.9m | +36.2% |
| Other amounts receivable | 41 | €1,614,188 | €3,731,686 | +€2.1m | +131.2% |
| Cash at bank and in hand | 54/58 | €909,032 | €781,327 | -€127,705 | -14.0% |
| Deferred charges and accrued income | 490/1 | €84,286 | €324,226 | +€239,940 | +284.7% |
| Total equity and liabilities | 10/49 | €35,565,944 | €41,389,184 | +€5.8m | +16.4% |
| Equity | 10/15 | €9,692,990 | €9,481,905 | -€211,085 | -2.2% |
| Contributions | 10/11 | €475,240 | €475,240 | = | 0.0% |
| Capital | 10 | €475,240 | €475,240 | = | 0.0% |
| Issued capital | 100 | €475,240 | €475,240 | = | 0.0% |
| Reserves | 13 | €9,217,750 | €9,006,665 | -€211,085 | -2.3% |
| Non-distributable reserves | 130/1 | €47,524 | €47,524 | = | 0.0% |
| Legal reserve | 130 | €47,524 | €47,524 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,076,424 | €2,074,194 | +€997,770 | +92.7% |
| Distributable reserves | 133 | €8,093,802 | €6,884,947 | -€1.2m | -14.9% |
| Provisions and deferred taxes | 16 | - | €3,500,000 | +€3.5m | |
| Provisions for liabilities and charges | 160/5 | - | €3,500,000 | +€3.5m | |
| Other liabilities and charges | 164/5 | - | €3,500,000 | +€3.5m | |
| Amounts payable | 17/49 | €25,872,953 | €28,407,279 | +€2.5m | +9.8% |
| Amounts payable after more than one year | 17 | €2,074,535 | €1,444,176 | -€630,359 | -30.4% |
| Financial debts | 170/4 | €2,074,535 | €1,444,176 | -€630,359 | -30.4% |
| Credit institutions | 173 | €1,024,535 | €644,176 | -€380,359 | -37.1% |
| Other loans | 174 | €1,050,000 | €800,000 | -€250,000 | -23.8% |
| Amounts payable within one year | 42/48 | €23,697,439 | €26,943,343 | +€3.2m | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €706,950 | €453,359 | -€253,591 | -35.9% |
| Financial debts | 43 | €10,414,792 | €11,436,716 | +€1.0m | +9.8% |
| Credit institutions | 430/8 | €10,414,792 | €11,436,716 | +€1.0m | +9.8% |
| Trade debts | 44 | €9,425,960 | €10,857,762 | +€1.4m | +15.2% |
| Suppliers | 440/4 | €9,425,960 | €10,857,762 | +€1.4m | +15.2% |
| Taxes, remuneration and social security | 45 | €345,340 | €539,867 | +€194,528 | +56.3% |
| Taxes | 450/3 | €115,941 | €108,424 | -€7,516 | -6.5% |
| Remuneration and social security | 454/9 | €229,399 | €431,443 | +€202,044 | +88.1% |
| Other amounts payable | 47/48 | €2,804,397 | €3,655,639 | +€851,241 | +30.4% |
| Accrued charges and deferred income | 492/3 | €100,980 | €19,760 | -€81,220 | -80.4% |
| Operating income | 70/76A | €90,110,546 | €104,603,398 | +€14.5m | +16.1% |
| Turnover | 70 | €89,578,475 | €104,146,868 | +€14.6m | +16.3% |
| Own construction capitalised | 72 | €0 | - | = | |
| Other operating income | 74 | €524,874 | €456,530 | -€68,343 | -13.0% |
| Non-recurring operating income | 76A | €7,198 | €0 | -€7,198 | -100.0% |
| Operating charges | 60/66A | €85,165,599 | €102,759,196 | +€17.6m | +20.7% |
| Goods for resale, raw materials and consumables | 60 | €80,727,094 | €94,622,449 | +€13.9m | +17.2% |
| Purchases | 600/8 | €82,882,616 | €93,786,719 | +€10.9m | +13.2% |
| Change in stocks: decrease (increase) | 609 | -€2,155,522 | €835,730 | +€3.0m | |
| Services and other goods | 61 | €2,964,995 | €2,846,674 | -€118,321 | -4.0% |
| Remuneration, social security and pensions | 62 | €1,222,049 | €1,492,098 | +€270,048 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,294 | €173,000 | +€90,707 | +110.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €31,721 | -€75,064 | -€106,786 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €3,500,000 | +€3.5m | |
| Other operating charges | 640/8 | €135,726 | €200,040 | +€64,314 | +47.4% |
| Non-recurring operating charges | 66A | €1,720 | €0 | -€1,720 | -100.0% |
| Operating profit (loss) | 9901 | €4,944,947 | €1,844,202 | -€3.1m | -62.7% |
| Financial income | 75/76B | €193,733 | €205,240 | +€11,507 | +5.9% |
| Recurring financial income | 75 | €189,810 | €205,233 | +€15,423 | +8.1% |
| Income from current assets | 751 | €166,848 | €177,467 | +€10,619 | +6.4% |
| Other financial income | 752/9 | €22,962 | €27,766 | +€4,804 | +20.9% |
| Non-recurring financial income | 76B | €3,922 | €7 | -€3,916 | -99.8% |
| Financial charges | 65/66B | €1,036,983 | €973,352 | -€63,631 | -6.1% |
| Recurring financial charges | 65 | €1,036,983 | €973,352 | -€63,631 | -6.1% |
| Debt charges | 650 | €715,064 | €727,367 | +€12,303 | +1.7% |
| Other financial charges | 652/9 | €321,919 | €245,986 | -€75,933 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €4,101,696 | €1,076,090 | -€3.0m | -73.8% |
| Income taxes | 67/77 | €1,013,047 | €266,141 | -€746,906 | -73.7% |
| Taxes | 670/3 | €1,013,047 | €266,626 | -€746,421 | -73.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €485 | +€485 | |
| Profit (loss) for the period | 9904 | €3,088,650 | €809,949 | -€2.3m | -73.8% |
| Transfer to tax-exempt reserves | 689 | €997,770 | €997,770 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,090,880 | -€187,821 | -€2.3m |
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 10 October 2026 via checked.be.