Van Ballaert: 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 Ballaert
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€222,489
2024 · €227,424-€4,935
Equity
€922,268
2024 · €827,375+€94,893
Cash
€112,763
2024 · €115,136-€2,373
Balance sheet total
€1.6m
2024 · €1.6m+€43,110
Largest movements
Assets
- Current investments +€56,704
up €56,704 (+8.1%), from €703,993 to €760,697
Equity and liabilities
- Reserves +€94,893
up €94,893 (+11.7%), from €808,642 to €903,535
of which Distributable reserves: +€94,893
- Debts after one year -€43,316
down €43,316 (-11.9%), from €364,259 to €320,944
Income statement
- Gross operating margin +€62,491
up €62,491 (+7.7%), from €813,230 to €875,721
- Staff costs +€44,112
up €44,112 (+10.7%), from €412,789 to €456,901
- Depreciation +€20,469
up €20,469 (+29.6%), from €69,257 to €89,726
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
€227,424
Gross operating margin
+€62,491
Staff costs
-€44,112
Depreciation
-€20,469
Other operating charges
-€130
Financial income
-€6,737
Financial charges
+€1,020
Taxes
+€3,001
Result 2025
€222,489
raises the resultlowers the result
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
+€310,849
Investment
-€143,329
Financing
-€169,893
Cash 2024
€115,136
From operations (derived)
+€310,849
Net result for the year
+€222,489
Depreciation
+€89,726
Stocks and contracts
-€977
Receivables within one year
+€6,164
Deferred charges and accrued income
+€2,934
Trade debts
-€3,108
Tax, wage and social debts
-€4,312
Other debts
-€2,066
Investment (derived)
-€143,329
Investment in fixed assets (net)
-€86,625
Current investments
-€56,704
Financing
-€169,893
Debts after one year
-€43,316
Current portion of long-term debt
+€1,018
Contributions, distributions and other
-€127,596
Cash 2025
€112,763
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,585,643 | €1,628,753 | +€43,110 | +2.7% |
| Fixed assets | 21/28 | €698,506 | €695,405 | -€3,100 | -0.4% |
| Tangible fixed assets | 22/27 | €698,506 | €695,405 | -€3,100 | -0.4% |
| Land and buildings | 22 | €412,976 | €379,577 | -€33,398 | -8.1% |
| Plant, machinery and equipment | 23 | €126,559 | €125,488 | -€1,071 | -0.8% |
| Furniture and vehicles | 24 | €6,522 | €49,799 | +€43,277 | +664% |
| Other tangible fixed assets | 26 | €152,448 | €140,540 | -€11,908 | -7.8% |
| Current assets | 29/58 | €887,138 | €933,348 | +€46,210 | +5.2% |
| Stocks and contracts in progress | 3 | €37,746 | €38,723 | +€977 | +2.6% |
| Stocks | 30/36 | €37,746 | €38,723 | +€977 | +2.6% |
| Amounts receivable within one year | 40/41 | €10,700 | €4,536 | -€6,164 | -57.6% |
| Trade receivables | 40 | €9,951 | €3,974 | -€5,977 | -60.1% |
| Other amounts receivable | 41 | €749 | €562 | -€187 | -25.0% |
| Current investments | 50/53 | €703,993 | €760,697 | +€56,704 | +8.1% |
| Cash at bank and in hand | 54/58 | €115,136 | €112,763 | -€2,373 | -2.1% |
| Deferred charges and accrued income | 490/1 | €19,563 | €16,629 | -€2,934 | -15.0% |
| Total equity and liabilities | 10/49 | €1,585,643 | €1,628,753 | +€43,110 | +2.7% |
| Equity | 10/15 | €827,375 | €922,268 | +€94,893 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €808,642 | €903,535 | +€94,893 | +11.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €808,642 | €903,535 | +€94,893 | +11.7% |
| Profit (loss) carried forward | 14 | €133 | €133 | = | 0.0% |
| Amounts payable | 17/49 | €758,268 | €706,486 | -€51,783 | -6.8% |
| Amounts payable after more than one year | 17 | €364,259 | €320,944 | -€43,316 | -11.9% |
| Financial debts | 170/4 | €364,259 | €320,944 | -€43,316 | -11.9% |
| Amounts payable within one year | 42/48 | €394,009 | €385,542 | -€8,467 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €42,297 | €43,316 | +€1,018 | +2.4% |
| Trade debts | 44 | €88,078 | €84,970 | -€3,108 | -3.5% |
| Suppliers | 440/4 | €88,078 | €84,970 | -€3,108 | -3.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €110,299 | €105,987 | -€4,312 | -3.9% |
| Taxes | 450/3 | €44,252 | €33,698 | -€10,553 | -23.8% |
| Remuneration and social security | 454/9 | €66,047 | €72,289 | +€6,242 | +9.5% |
| Other amounts payable | 47/48 | €153,336 | €151,270 | -€2,066 | -1.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €20,281 | +€20,281 | |
| Remuneration, social security and pensions | 62 | €412,789 | €456,901 | +€44,112 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,257 | €89,726 | +€20,469 | +29.6% |
| Other operating charges | 640/8 | €3,501 | €3,632 | +€130 | +3.7% |
| Gross operating margin | 9900 | €813,230 | €875,721 | +€62,491 | +7.7% |
| Operating profit (loss) | 9901 | €327,683 | €325,463 | -€2,220 | -0.7% |
| Financial income | 75/76B | €16,007 | €9,270 | -€6,737 | -42.1% |
| Recurring financial income | 75 | €16,007 | €9,270 | -€6,737 | -42.1% |
| Financial charges | 65/66B | €13,527 | €12,507 | -€1,020 | -7.5% |
| Recurring financial charges | 65 | €13,511 | €12,507 | -€1,005 | -7.4% |
| Non-recurring financial charges | 66B | €16 | €0 | -€16 | -100% |
| Profit (loss) for the period before taxes | 9903 | €330,163 | €322,227 | -€7,936 | -2.4% |
| Income taxes | 67/77 | €102,739 | €99,738 | -€3,001 | -2.9% |
| Profit (loss) for the period | 9904 | €227,424 | €222,489 | -€4,935 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €227,424 | €222,489 | -€4,935 | -2.2% |
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.