VIANGRO: 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
VIANGRO
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
€52,257
2024 · €544,874-€492,617
Equity
€9.3m
2024 · €9.3m+€52,257
Cash
€925,279
2024 · €221,220+€704,059
Balance sheet total
€78.9m
2024 · €59.6m+€19.4m
Largest movements
Assets
- Receivables within one year +€15.3m
up €15.3m (+62.4%), from €24.4m to €39.7m
of which Trade receivables: +€14.9m
- Stocks and contracts +€3.3m
up €3.3m (+32.1%), from €10.3m to €13.6m
Equity and liabilities
- Other debts +€7.7m
up €7.7m (+271%), from €2.8m to €10.5m
- Trade debts +€5.1m
up €5.1m (+21.2%), from €24.1m to €29.2m
- Short-term financial debts +€3.9m
up €3.9m (+31.6%), from €12.2m to €16.0m
- Tax, wage and social debts +€2.7m
up €2.7m (+74.5%), from €3.6m to €6.3m
of which Remuneration and social security: +€2.7m
Income statement
- Turnover +€14.3m
up €14.3m (+8.5%), from €168.6m to €182.8m
- Goods and materials +€12.5m
up €12.5m (+11.9%), from €105.2m to €117.8m
of which Purchases: +€15.9m
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
€544,874
Turnover
+€14.3m
Other operating income
+€459,846
Goods and materials
-€12.5m
Services and other goods
-€1.0m
Staff costs
-€1.6m
Depreciation
+€35,558
Write-downs
+€69,371
Other operating items
-€135,815
Financial income
-€585
Financial charges
+€107,124
Taxes
-€185,959
Result 2025
€52,257
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
-€844,737
Investment
-€2.5m
Financing
+€4.1m
Cash 2024
€221,220
From operations (derived)
-€844,737
Net result for the year
+€52,257
Depreciation
+€2.7m
Stocks and contracts
-€3.3m
Receivables within one year
-€15.3m
Deferred charges and accrued income
-€294,696
Trade debts
+€5.1m
Tax, wage and social debts
+€2.7m
Other debts
+€7.7m
Accrued charges and deferred income
-€235,726
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Financing
+€4.1m
Debts after one year
+€161,626
Current portion of long-term debt
+€47,502
Short-term financial debts
+€3.9m
Cash 2025
€925,279
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,589,607 | €78,945,483 | +€19.4m | +32.5% |
| Fixed assets | 21/28 | €24,406,815 | €24,204,759 | -€202,056 | -0.8% |
| Intangible fixed assets | 21 | €440,096 | €440,424 | +€328 | +0.1% |
| Tangible fixed assets | 22/27 | €23,837,957 | €23,635,573 | -€202,384 | -0.8% |
| Land and buildings | 22 | €12,316,404 | €11,558,994 | -€757,410 | -6.1% |
| Plant, machinery and equipment | 23 | €11,001,540 | €11,420,544 | +€419,004 | +3.8% |
| Furniture and vehicles | 24 | €520,014 | €656,035 | +€136,022 | +26.2% |
| Financial fixed assets | 28 | €128,763 | €128,763 | = | 0.0% |
| Other financial fixed assets | 284/8 | €128,763 | €128,763 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €128,763 | €128,763 | = | 0.0% |
| Current assets | 29/58 | €35,182,792 | €54,740,724 | +€19.6m | +55.6% |
| Stocks and contracts in progress | 3 | €10,272,744 | €13,574,462 | +€3.3m | +32.1% |
| Stocks | 30/36 | €10,272,744 | €13,574,462 | +€3.3m | +32.1% |
| Raw materials and consumables | 30/31 | €8,924,638 | €12,174,680 | +€3.3m | +36.4% |
| Goods purchased for resale | 34 | €1,348,106 | €1,399,782 | +€51,676 | +3.8% |
| Amounts receivable within one year | 40/41 | €24,435,010 | €39,692,470 | +€15.3m | +62.4% |
| Trade receivables | 40 | €17,310,793 | €32,244,382 | +€14.9m | +86.3% |
| Other amounts receivable | 41 | €7,124,217 | €7,448,088 | +€323,871 | +4.5% |
| Cash at bank and in hand | 54/58 | €221,220 | €925,279 | +€704,059 | +318% |
| Deferred charges and accrued income | 490/1 | €253,818 | €548,514 | +€294,696 | +116% |
| Total equity and liabilities | 10/49 | €59,589,607 | €78,945,483 | +€19.4m | +32.5% |
| Equity | 10/15 | €9,270,788 | €9,323,045 | +€52,257 | +0.6% |
| Contributions | 10/11 | €5,870,496 | €5,870,496 | = | 0.0% |
| Capital | 10 | €5,857,492 | €5,857,492 | = | 0.0% |
| Issued capital | 100 | €5,857,492 | €5,857,492 | = | 0.0% |
| Contributions outside capital | 11 | €13,004 | €13,004 | = | 0.0% |
| Share premium | 1100/10 | €13,004 | €13,004 | = | 0.0% |
| Revaluation surpluses | 12 | €9,250,000 | €9,250,000 | = | 0.0% |
| Reserves | 13 | €185,749 | €185,749 | = | 0.0% |
| Non-distributable reserves | 130/1 | €185,749 | €185,749 | = | 0.0% |
| Legal reserve | 130 | €185,749 | €185,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,035,457 | -€5,983,200 | +€52,257 | +0.9% |
| Provisions and deferred taxes | 16 | €37,414 | €37,414 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €37,414 | €37,414 | = | 0.0% |
| Other liabilities and charges | 164/5 | €37,414 | €37,414 | = | 0.0% |
| Amounts payable | 17/49 | €50,281,405 | €69,585,024 | +€19.3m | +38.4% |
| Amounts payable after more than one year | 17 | €3,294,667 | €3,456,293 | +€161,626 | +4.9% |
| Financial debts | 170/4 | €3,294,667 | €3,456,293 | +€161,626 | +4.9% |
| Credit institutions | 173 | €3,294,667 | €3,456,293 | +€161,626 | +4.9% |
| Amounts payable within one year | 42/48 | €46,599,362 | €65,977,081 | +€19.4m | +41.6% |
| Current portion of amounts payable after more than one year | 42 | €3,842,172 | €3,889,674 | +€47,502 | +1.2% |
| Financial debts | 43 | €12,175,375 | €16,027,467 | +€3.9m | +31.6% |
| Credit institutions | 430/8 | €12,175,375 | €16,027,467 | +€3.9m | +31.6% |
| Trade debts | 44 | €24,124,197 | €29,229,251 | +€5.1m | +21.2% |
| Suppliers | 440/4 | €24,124,197 | €29,229,251 | +€5.1m | +21.2% |
| Taxes, remuneration and social security | 45 | €3,625,867 | €6,327,922 | +€2.7m | +74.5% |
| Taxes | 450/3 | €872,558 | €833,340 | -€39,218 | -4.5% |
| Remuneration and social security | 454/9 | €2,753,309 | €5,494,583 | +€2.7m | +99.6% |
| Other amounts payable | 47/48 | €2,831,751 | €10,502,765 | +€7.7m | +271% |
| Accrued charges and deferred income | 492/3 | €387,376 | €151,650 | -€235,726 | -60.9% |
| Operating income | 70/76A | €168,931,720 | €183,668,178 | +€14.7m | +8.7% |
| Turnover | 70 | €168,572,168 | €182,848,779 | +€14.3m | +8.5% |
| Other operating income | 74 | €359,552 | €819,399 | +€459,846 | +128% |
| Operating charges | 60/66A | €167,008,233 | €182,157,887 | +€15.1m | +9.1% |
| Goods for resale, raw materials and consumables | 60 | €105,235,598 | €117,772,597 | +€12.5m | +11.9% |
| Purchases | 600/8 | €105,194,644 | €121,074,314 | +€15.9m | +15.1% |
| Change in stocks: decrease (increase) | 609 | €40,954 | -€3,301,718 | -€3.3m | |
| Services and other goods | 61 | €34,648,644 | €35,649,249 | +€1.0m | +2.9% |
| Remuneration, social security and pensions | 62 | €24,285,377 | €25,866,542 | +€1.6m | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,750,038 | €2,714,480 | -€35,558 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €69,371 | - | -€69,371 | |
| Non-recurring operating charges | 66A | €19,205 | €155,020 | +€135,815 | +707% |
| Operating profit (loss) | 9901 | €1,923,487 | €1,510,290 | -€413,196 | -21.5% |
| Financial income | 75/76B | €585 | - | -€585 | |
| Recurring financial income | 75 | €585 | - | -€585 | |
| Other financial income | 752/9 | €585 | - | -€585 | |
| Financial charges | 65/66B | €1,318,835 | €1,211,712 | -€107,124 | -8.1% |
| Recurring financial charges | 65 | €1,318,835 | €1,211,712 | -€107,124 | -8.1% |
| Debt charges | 650 | €437,652 | €421,917 | -€15,735 | -3.6% |
| Other financial charges | 652/9 | €881,184 | €789,795 | -€91,389 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €605,236 | €298,579 | -€306,658 | -50.7% |
| Income taxes | 67/77 | €60,363 | €246,322 | +€185,959 | +308% |
| Taxes | 670/3 | €60,363 | €246,322 | +€185,959 | +308% |
| Profit (loss) for the period | 9904 | €544,874 | €52,257 | -€492,617 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €544,874 | €52,257 | -€492,617 | -90.4% |
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 18 October 2026 via checked.be.