VLEESATELIER 41: 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.
VLEESATELIER 41
Largest movements
- Tangible fixed assets +€35,225
up €35,225 (+10.8%), from €327,444 to €362,670
of which Land and buildings: +€41,788
- Cash -€21,886
down €21,886 (-16.4%), from €133,375 to €111,488
mainly Investment in fixed assets (net) (-€94,903) and Debts after one year (-€22,856)
- Receivables within one year -€15,839
down €15,839 (-81.5%), from €19,428 to €3,588
of which Other amounts receivable: -€17,832
- Reserves +€42,951
up €42,951 (+57.2%), from €75,029 to €117,980
- Debts after one year -€22,856
down €22,856 (-11.2%), from €204,255 to €181,399
- Current portion of long-term debt -€11,553
down €11,553 (-25.6%), from €45,137 to €33,583
- Other debts -€9,240
down €9,240 (-82.6%), from €11,191 to €1,951
- Tax, wage and social debts +€7,969
up €7,969 (+18.5%), from €43,168 to €51,137
of which Remuneration and social security: +€6,164
- Gross operating margin +€77,513
up €77,513 (+22.4%), from €345,766 to €423,279
- Staff costs +€36,192
up €36,192 (+14.2%), from €254,814 to €291,006
- Taxes +€8,911
up €8,911 (+103%), from €8,668 to €17,579
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,516 | €505,981 | +€465 | +0.1% |
| Fixed assets | 21/28 | €327,444 | €362,670 | +€35,225 | +10.8% |
| Tangible fixed assets | 22/27 | €327,444 | €362,670 | +€35,225 | +10.8% |
| Land and buildings | 22 | €198,152 | €239,939 | +€41,788 | +21.1% |
| Plant, machinery and equipment | 23 | €91,678 | €79,604 | -€12,073 | -13.2% |
| Furniture and vehicles | 24 | €6,013 | €12,639 | +€6,626 | +110% |
| Leasing and similar rights | 25 | €31,602 | €30,487 | -€1,115 | -3.5% |
| Current assets | 29/58 | €178,071 | €143,311 | -€34,761 | -19.5% |
| Stocks and contracts in progress | 3 | €24,732 | €26,211 | +€1,480 | +6.0% |
| Stocks | 30/36 | €24,732 | €26,211 | +€1,480 | +6.0% |
| Amounts receivable within one year | 40/41 | €19,428 | €3,588 | -€15,839 | -81.5% |
| Trade receivables | 40 | €1,595 | €3,588 | +€1,993 | +125% |
| Other amounts receivable | 41 | €17,832 | - | -€17,832 | |
| Cash at bank and in hand | 54/58 | €133,375 | €111,488 | -€21,886 | -16.4% |
| Deferred charges and accrued income | 490/1 | €537 | €2,023 | +€1,486 | +277% |
| Total equity and liabilities | 10/49 | €505,516 | €505,981 | +€465 | +0.1% |
| Equity | 10/15 | €95,029 | €137,980 | +€42,951 | +45.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €75,029 | €117,980 | +€42,951 | +57.2% |
| Distributable reserves | 133 | €75,029 | €117,980 | +€42,951 | +57.2% |
| Amounts payable | 17/49 | €410,487 | €368,001 | -€42,486 | -10.4% |
| Amounts payable after more than one year | 17 | €204,255 | €181,399 | -€22,856 | -11.2% |
| Financial debts | 170/4 | €204,255 | €181,399 | -€22,856 | -11.2% |
| Amounts payable within one year | 42/48 | €206,232 | €186,602 | -€19,631 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €45,137 | €33,583 | -€11,553 | -25.6% |
| Trade debts | 44 | €106,736 | €99,930 | -€6,806 | -6.4% |
| Suppliers | 440/4 | €106,736 | €99,930 | -€6,806 | -6.4% |
| Taxes, remuneration and social security | 45 | €43,168 | €51,137 | +€7,969 | +18.5% |
| Taxes | 450/3 | €641 | €2,446 | +€1,805 | +282% |
| Remuneration and social security | 454/9 | €42,527 | €48,691 | +€6,164 | +14.5% |
| Other amounts payable | 47/48 | €11,191 | €1,951 | -€9,240 | -82.6% |
| Remuneration, social security and pensions | 62 | €254,814 | €291,006 | +€36,192 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,593 | €59,678 | +€2,085 | +3.6% |
| Other operating charges | 640/8 | €4,294 | €4,553 | +€259 | +6.0% |
| Non-recurring operating charges | 66A | €567 | €593 | +€26 | +4.7% |
| Gross operating margin | 9900 | €345,766 | €423,279 | +€77,513 | +22.4% |
| Operating profit (loss) | 9901 | €28,499 | €67,449 | +€38,950 | +137% |
| Financial income | 75/76B | €47 | €26 | -€21 | -45.3% |
| Recurring financial income | 75 | €47 | €26 | -€21 | -45.3% |
| Financial charges | 65/66B | €6,994 | €6,944 | -€50 | -0.7% |
| Recurring financial charges | 65 | €6,994 | €6,944 | -€50 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €21,552 | €60,530 | +€38,978 | +181% |
| Income taxes | 67/77 | €8,668 | €17,579 | +€8,911 | +103% |
| Profit (loss) for the period | 9904 | €12,884 | €42,951 | +€30,067 | +233% |
| Profit (loss) for the period to be appropriated | 9905 | €12,884 | €42,951 | +€30,067 | +233% |
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 27 October 2026 via checked.be.