VLEESBOETIEK: 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.
VLEESBOETIEK
Largest movements
- Receivables within one year +€30,942
up €30,942 (+53.0%), from €58,375 to €89,317
of which Other amounts receivable: +€27,987
- Cash -€27,183
down €27,183 (-39.3%), from €69,240 to €42,057
mainly Receivables within one year (-€30,942) and Trade debts (-€21,062)
- Tangible fixed assets -€14,824
down €14,824 (-44.3%), from €33,457 to €18,633
of which Furniture and vehicles: -€13,046
- Intangible fixed assets -€12,998
no longer reported in 2025 (was €12,998)
- Stocks and contracts +€4,409
up €4,409 (+22.8%), from €19,318 to €23,727
- Trade debts -€21,062
down €21,062 (-59.2%), from €35,582 to €14,521
- Profit (loss) carried forward +€18,027
up €18,027 (+13.8%), from €130,874 to €148,900
- Tax, wage and social debts -€6,604
down €6,604 (-42.6%), from €15,487 to €8,883
of which Taxes: -€4,823
- Current portion of long-term debt -€5,960
down €5,960 (-58.3%), from €10,218 to €4,257
- Debts after one year -€4,257
no longer reported in 2025 (was €4,257)
- Staff costs +€12,304
up €12,304 (+12.3%), from €99,810 to €112,114
- Gross operating margin +€8,829
up €8,829 (+5.8%), from €151,701 to €160,530
- Financial income +€2,934
new in 2025: €2,934
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 | €198,918 | €179,061 | -€19,857 | -10.0% |
| Fixed assets | 21/28 | €46,456 | €18,633 | -€27,822 | -59.9% |
| Intangible fixed assets | 21 | €12,998 | - | -€12,998 | |
| Tangible fixed assets | 22/27 | €33,457 | €18,633 | -€14,824 | -44.3% |
| Plant, machinery and equipment | 23 | €13,691 | €11,913 | -€1,778 | -13.0% |
| Furniture and vehicles | 24 | €19,766 | €6,720 | -€13,046 | -66.0% |
| Current assets | 29/58 | €152,463 | €160,428 | +€7,966 | +5.2% |
| Stocks and contracts in progress | 3 | €19,318 | €23,727 | +€4,409 | +22.8% |
| Stocks | 30/36 | €19,318 | €23,727 | +€4,409 | +22.8% |
| Amounts receivable within one year | 40/41 | €58,375 | €89,317 | +€30,942 | +53.0% |
| Trade receivables | 40 | €23,974 | €26,930 | +€2,956 | +12.3% |
| Other amounts receivable | 41 | €34,401 | €62,388 | +€27,987 | +81.4% |
| Cash at bank and in hand | 54/58 | €69,240 | €42,057 | -€27,183 | -39.3% |
| Deferred charges and accrued income | 490/1 | €5,529 | €5,326 | -€203 | -3.7% |
| Total equity and liabilities | 10/49 | €198,918 | €179,061 | -€19,857 | -10.0% |
| Equity | 10/15 | €133,374 | €151,400 | +€18,027 | +13.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,874 | €148,900 | +€18,027 | +13.8% |
| Amounts payable | 17/49 | €65,545 | €27,661 | -€37,884 | -57.8% |
| Amounts payable after more than one year | 17 | €4,257 | - | -€4,257 | |
| Financial debts | 170/4 | €4,257 | - | -€4,257 | |
| Amounts payable within one year | 42/48 | €61,287 | €27,661 | -€33,626 | -54.9% |
| Current portion of amounts payable after more than one year | 42 | €10,218 | €4,257 | -€5,960 | -58.3% |
| Trade debts | 44 | €35,582 | €14,521 | -€21,062 | -59.2% |
| Suppliers | 440/4 | €35,582 | €14,521 | -€21,062 | -59.2% |
| Taxes, remuneration and social security | 45 | €15,487 | €8,883 | -€6,604 | -42.6% |
| Taxes | 450/3 | €6,608 | €1,785 | -€4,823 | -73.0% |
| Remuneration and social security | 454/9 | €8,879 | €7,098 | -€1,782 | -20.1% |
| Remuneration, social security and pensions | 62 | €99,810 | €112,114 | +€12,304 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,670 | €27,822 | +€153 | +0.6% |
| Other operating charges | 640/8 | €118 | €459 | +€341 | +289% |
| Gross operating margin | 9900 | €151,701 | €160,530 | +€8,829 | +5.8% |
| Operating profit (loss) | 9901 | €24,104 | €20,135 | -€3,969 | -16.5% |
| Financial income | 75/76B | - | €2,934 | +€2,934 | |
| Recurring financial income | 75 | - | €2,934 | +€2,934 | |
| Financial charges | 65/66B | €156 | €145 | -€10 | -6.7% |
| Recurring financial charges | 65 | €156 | €145 | -€10 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €23,948 | €22,924 | -€1,024 | -4.3% |
| Income taxes | 67/77 | €4,913 | €4,897 | -€16 | -0.3% |
| Profit (loss) for the period | 9904 | €19,035 | €18,027 | -€1,008 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,035 | €18,027 | -€1,008 | -5.3% |
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 29 October 2026 via checked.be.