VIANDYBEL: 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
VIANDYBEL
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
€609,284
2024 · €399,260+€210,024
Equity
€7.3m
2024 · €6.7m+€609,284
Cash
€632,942
2024 · €497,146+€135,795
Balance sheet total
€10.3m
2024 · €10.2m+€152,995
Largest movements
Assets
- Cash +€135,795
up €135,795 (+27.3%), from €497,146 to €632,942
mainly Net result for the year (+€609,284) and Depreciation (+€286,680)
Equity and liabilities
- Reserves +€609,284
up €609,284 (+12.4%), from €4.9m to €5.5m
of which Distributable reserves: +€597,655
- Debts after one year -€332,325
down €332,325 (-19.9%), from €1.7m to €1.3m
- Trade debts -€111,725
down €111,725 (-12.5%), from €891,882 to €780,157
Income statement
- Gross operating margin +€628,205
up €628,205 (+42.8%), from €1.5m to €2.1m
- Staff costs +€335,839
up €335,839 (+51.7%), from €650,192 to €986,030
- Taxes +€52,855
up €52,855 (+41.0%), from €128,771 to €181,626
- Financial charges +€28,846
up €28,846 (+65.3%), from €44,176 to €73,022
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
€399,260
Gross operating margin
+€628,205
Staff costs
-€335,839
Depreciation
-€1,271
Other operating charges
-€20,308
Other operating items
+€18,579
Financial income
+€2,358
Financial charges
-€28,846
Taxes
-€52,855
Result 2025
€609,284
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
+€734,363
Investment
-€227,190
Financing
-€371,378
Cash 2024
€497,146
From operations (derived)
+€734,363
Net result for the year
+€609,284
Depreciation
+€286,680
Stocks and contracts
-€88,149
Receivables within one year
+€26,726
Deferred charges and accrued income
-€15,266
Trade debts
-€111,725
Tax, wage and social debts
+€84,979
Other debts
-€26,842
Accrued charges and deferred income
-€31,324
Investment (derived)
-€227,190
Investment in fixed assets (net)
-€214,262
Current investments
-€12,928
Financing
-€371,378
Debts after one year
-€332,325
Current portion of long-term debt
-€48,889
Short-term financial debts
+€9,837
Cash 2025
€632,942
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,168,896 | €10,321,891 | +€152,995 | +1.5% |
| Fixed assets | 21/28 | €7,664,146 | €7,591,727 | -€72,419 | -0.9% |
| Intangible fixed assets | 21 | €0 | €5,705 | +€5,705 | |
| Tangible fixed assets | 22/27 | €3,398,690 | €3,370,566 | -€28,124 | -0.8% |
| Land and buildings | 22 | €3,197,521 | €3,029,140 | -€168,380 | -5.3% |
| Plant, machinery and equipment | 23 | €140,805 | €135,466 | -€5,340 | -3.8% |
| Furniture and vehicles | 24 | €51,864 | €194,962 | +€143,099 | +275.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €8,500 | €10,998 | +€2,498 | +29.4% |
| Financial fixed assets | 28 | €4,265,456 | €4,215,456 | -€50,000 | -1.2% |
| Current assets | 29/58 | €2,504,750 | €2,730,164 | +€225,414 | +9.0% |
| Stocks and contracts in progress | 3 | €101,367 | €189,517 | +€88,149 | +87.0% |
| Stocks | 30/36 | €101,367 | €189,517 | +€88,149 | +87.0% |
| Amounts receivable within one year | 40/41 | €958,079 | €931,353 | -€26,726 | -2.8% |
| Trade receivables | 40 | €745,197 | €482,565 | -€262,633 | -35.2% |
| Other amounts receivable | 41 | €212,881 | €448,788 | +€235,907 | +110.8% |
| Current investments | 50/53 | €911,225 | €924,153 | +€12,928 | +1.4% |
| Cash at bank and in hand | 54/58 | €497,146 | €632,942 | +€135,795 | +27.3% |
| Deferred charges and accrued income | 490/1 | €36,933 | €52,199 | +€15,266 | +41.3% |
| Total equity and liabilities | 10/49 | €10,168,896 | €10,321,891 | +€152,995 | +1.5% |
| Equity | 10/15 | €6,708,410 | €7,317,694 | +€609,284 | +9.1% |
| Contributions | 10/11 | €1,787,890 | €1,787,890 | -€0 | 0.0% |
| Capital | 10 | €1,787,890 | €1,787,890 | -€0 | 0.0% |
| Issued capital | 100 | €1,787,890 | €1,787,890 | -€0 | 0.0% |
| Reserves | 13 | €4,920,520 | €5,529,804 | +€609,284 | +12.4% |
| Non-distributable reserves | 130/1 | €23,308 | €54,764 | +€31,456 | +135.0% |
| Legal reserve | 130 | €23,308 | €54,764 | +€31,456 | +135.0% |
| Tax-exempt reserves | 132 | €19,827 | €0 | -€19,827 | -100.0% |
| Distributable reserves | 133 | €4,877,385 | €5,475,040 | +€597,655 | +12.3% |
| Amounts payable | 17/49 | €3,460,486 | €3,004,197 | -€456,289 | -13.2% |
| Amounts payable after more than one year | 17 | €1,668,853 | €1,336,527 | -€332,325 | -19.9% |
| Financial debts | 170/4 | €1,668,853 | €1,336,527 | -€332,325 | -19.9% |
| Amounts payable within one year | 42/48 | €1,749,136 | €1,656,496 | -€92,640 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €381,214 | €332,325 | -€48,889 | -12.8% |
| Financial debts | 43 | €73,995 | €83,832 | +€9,837 | +13.3% |
| Credit institutions | 430/8 | €73,995 | €83,832 | +€9,837 | +13.3% |
| Trade debts | 44 | €891,882 | €780,157 | -€111,725 | -12.5% |
| Suppliers | 440/4 | €891,882 | €780,157 | -€111,725 | -12.5% |
| Taxes, remuneration and social security | 45 | €144,389 | €229,368 | +€84,979 | +58.9% |
| Taxes | 450/3 | €38,229 | €54,914 | +€16,685 | +43.6% |
| Remuneration and social security | 454/9 | €106,160 | €174,454 | +€68,294 | +64.3% |
| Other amounts payable | 47/48 | €257,657 | €230,815 | -€26,842 | -10.4% |
| Accrued charges and deferred income | 492/3 | €42,497 | €11,174 | -€31,324 | -73.7% |
| Non-recurring operating income | 76A | €45,110 | €109,000 | +€63,890 | +141.6% |
| Remuneration, social security and pensions | 62 | €650,192 | €986,030 | +€335,839 | +51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285,409 | €286,680 | +€1,271 | +0.4% |
| Other operating charges | 640/8 | €32,210 | €52,519 | +€20,308 | +63.0% |
| Non-recurring operating charges | 66A | €18,579 | €0 | -€18,579 | -100.0% |
| Gross operating margin | 9900 | €1,467,301 | €2,095,507 | +€628,205 | +42.8% |
| Operating profit (loss) | 9901 | €480,911 | €770,277 | +€289,366 | +60.2% |
| Financial income | 75/76B | €91,296 | €93,655 | +€2,358 | +2.6% |
| Recurring financial income | 75 | €91,296 | €93,655 | +€2,358 | +2.6% |
| Financial charges | 65/66B | €44,176 | €73,022 | +€28,846 | +65.3% |
| Recurring financial charges | 65 | €44,176 | €73,022 | +€28,846 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | €528,031 | €790,909 | +€262,879 | +49.8% |
| Income taxes | 67/77 | €128,771 | €181,626 | +€52,855 | +41.0% |
| Profit (loss) for the period | 9904 | €399,260 | €609,284 | +€210,024 | +52.6% |
| Transfer from tax-exempt reserves | 789 | - | €19,827 | +€19,827 | |
| Profit (loss) for the period to be appropriated | 9905 | €399,260 | €629,110 | +€229,850 | +57.6% |
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 3 October 2026 via checked.be.