VLEESHANDEL MARKEY: what changed
VLEESHANDEL MARKEY
Largest movements
- Receivables within one year -€382,063
down €382,063 (-33.9%), from €1.1m to €746,147
of which Other amounts receivable: -€427,406
- Stocks and contracts +€252,264
up €252,264 (+32.0%), from €787,767 to €1.0m
- Cash -€174,425
down €174,425 (-35.7%), from €488,236 to €313,811
mainly Investment in fixed assets (net) (-€442,600) and Trade debts (-€253,752)
- Tangible fixed assets +€39,539
up €39,539 (+4.2%), from €935,113 to €974,651
of which Furniture and vehicles: +€20,767
- Trade debts -€253,752
down €253,752 (-34.1%), from €744,371 to €490,619
- Current portion of long-term debt -€187,429
down €187,429 (-59.1%), from €316,983 to €129,554
- Reserves +€145,033
up €145,033 (+14.9%), from €976,601 to €1.1m
of which Distributable reserves: +€162,220
- Debts after one year -€81,559
down €81,559 (-8.0%), from €1.0m to €936,201
- Other debts +€64,598
up €64,598 (+99.3%), from €65,061 to €129,659
- Staff costs +€87,540
up €87,540 (+5.5%), from €1.6m to €1.7m
- Taxes -€36,425
down €36,425 (-23.1%), from €157,907 to €121,482
- Financial income -€30,511
down €30,511 (-53.4%), from €57,087 to €26,576
- Depreciation +€30,464
up €30,464 (+8.2%), from €372,597 to €403,062
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,422,968 | €3,131,959 | -€291,008 | -8.5% |
| Fixed assets | 21/28 | €935,382 | €974,920 | +€39,539 | +4.2% |
| Tangible fixed assets | 22/27 | €935,113 | €974,651 | +€39,539 | +4.2% |
| Plant, machinery and equipment | 23 | €756,758 | €772,115 | +€15,357 | +2.0% |
| Furniture and vehicles | 24 | €178,355 | €199,122 | +€20,767 | +11.6% |
| Other tangible fixed assets | 26 | - | €3,414 | +€3,414 | |
| Financial fixed assets | 28 | €269 | €269 | = | 0.0% |
| Current assets | 29/58 | €2,487,586 | €2,157,039 | -€330,547 | -13.3% |
| Stocks and contracts in progress | 3 | €787,767 | €1,040,031 | +€252,264 | +32.0% |
| Stocks | 30/36 | €787,767 | €1,040,031 | +€252,264 | +32.0% |
| Amounts receivable within one year | 40/41 | €1,128,210 | €746,147 | -€382,063 | -33.9% |
| Trade receivables | 40 | €391,023 | €436,366 | +€45,343 | +11.6% |
| Other amounts receivable | 41 | €737,187 | €309,781 | -€427,406 | -58.0% |
| Cash at bank and in hand | 54/58 | €488,236 | €313,811 | -€174,425 | -35.7% |
| Deferred charges and accrued income | 490/1 | €83,373 | €57,049 | -€26,324 | -31.6% |
| Total equity and liabilities | 10/49 | €3,422,968 | €3,131,959 | -€291,008 | -8.5% |
| Equity | 10/15 | €994,041 | €1,139,073 | +€145,033 | +14.6% |
| Contributions | 10/11 | €17,440 | €17,440 | = | 0.0% |
| Reserves | 13 | €976,601 | €1,121,633 | +€145,033 | +14.9% |
| Tax-exempt reserves | 132 | €57,293 | €40,105 | -€17,188 | -30.0% |
| Distributable reserves | 133 | €919,308 | €1,081,529 | +€162,220 | +17.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,428,927 | €1,992,886 | -€436,041 | -18.0% |
| Amounts payable after more than one year | 17 | €1,017,760 | €936,201 | -€81,559 | -8.0% |
| Financial debts | 170/4 | €1,017,760 | €936,201 | -€81,559 | -8.0% |
| Amounts payable within one year | 42/48 | €1,410,231 | €1,054,963 | -€355,268 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €316,983 | €129,554 | -€187,429 | -59.1% |
| Trade debts | 44 | €744,371 | €490,619 | -€253,752 | -34.1% |
| Suppliers | 440/4 | €744,371 | €490,619 | -€253,752 | -34.1% |
| Taxes, remuneration and social security | 45 | €283,817 | €305,132 | +€21,315 | +7.5% |
| Taxes | 450/3 | €6,450 | €792 | -€5,658 | -87.7% |
| Remuneration and social security | 454/9 | €277,367 | €304,340 | +€26,973 | +9.7% |
| Other amounts payable | 47/48 | €65,061 | €129,659 | +€64,598 | +99.3% |
| Accrued charges and deferred income | 492/3 | €935 | €1,721 | +€786 | +84.1% |
| Remuneration, social security and pensions | 62 | €1,602,496 | €1,690,036 | +€87,540 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €372,597 | €403,062 | +€30,464 | +8.2% |
| Other operating charges | 640/8 | €70,068 | €76,566 | +€6,498 | +9.3% |
| Gross operating margin | 9900 | €2,561,338 | €2,546,894 | -€14,444 | -0.6% |
| Operating profit (loss) | 9901 | €516,177 | €377,230 | -€138,947 | -26.9% |
| Financial income | 75/76B | €57,087 | €26,576 | -€30,511 | -53.4% |
| Recurring financial income | 75 | €57,087 | €26,576 | -€30,511 | -53.4% |
| Financial charges | 65/66B | €16,544 | €21,242 | +€4,698 | +28.4% |
| Recurring financial charges | 65 | €16,544 | €21,242 | +€4,698 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €556,720 | €382,564 | -€174,156 | -31.3% |
| Income taxes | 67/77 | €157,907 | €121,482 | -€36,425 | -23.1% |
| Profit (loss) for the period | 9904 | €398,813 | €261,082 | -€137,731 | -34.5% |
| Transfer from tax-exempt reserves | 789 | - | €17,188 | +€17,188 | |
| Profit (loss) for the period to be appropriated | 9905 | €398,813 | €278,270 | -€120,543 | -30.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.