Vleeshandel Nick: 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.
Vleeshandel Nick
Largest movements
- Cash +€52,759
up €52,759 (+14.6%), from €361,275 to €414,034
mainly Net result for the year (+€271,628) and Depreciation (+€94,401)
- Stocks and contracts +€48,484
up €48,484 (+96.2%), from €50,402 to €98,886
- Receivables within one year +€40,888
up €40,888 (+8.2%), from €499,701 to €540,589
of which Trade receivables: +€53,573
- Reserves +€271,628
up €271,628 (+43.1%), from €630,844 to €902,472
- Debts after one year -€62,068
down €62,068 (-37.9%), from €163,962 to €101,894
- Trade debts -€55,661
down €55,661 (-37.2%), from €149,811 to €94,150
- Gross operating margin +€100,728
up €100,728 (+17.3%), from €581,042 to €681,770
- Taxes +€33,558
up €33,558 (+38.5%), from €87,227 to €120,785
- Write-downs -€18,348
down €18,348, from €12,120 to -€6,227
- Other operating charges +€8,371
up €8,371 (+162%), from €5,182 to €13,552
- Depreciation +€6,955
up €6,955 (+8.0%), from €87,446 to €94,401
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 | €1,305,518 | €1,451,208 | +€145,691 | +11.2% |
| Fixed assets | 21/28 | €388,877 | €392,009 | +€3,132 | +0.8% |
| Tangible fixed assets | 22/27 | €388,877 | €392,009 | +€3,132 | +0.8% |
| Plant, machinery and equipment | 23 | €242,936 | €268,745 | +€25,809 | +10.6% |
| Furniture and vehicles | 24 | €65,501 | €48,992 | -€16,510 | -25.2% |
| Other tangible fixed assets | 26 | €80,439 | €74,272 | -€6,167 | -7.7% |
| Current assets | 29/58 | €916,641 | €1,059,200 | +€142,558 | +15.6% |
| Stocks and contracts in progress | 3 | €50,402 | €98,886 | +€48,484 | +96.2% |
| Stocks | 30/36 | €50,402 | €98,886 | +€48,484 | +96.2% |
| Amounts receivable within one year | 40/41 | €499,701 | €540,589 | +€40,888 | +8.2% |
| Trade receivables | 40 | €443,023 | €496,596 | +€53,573 | +12.1% |
| Other amounts receivable | 41 | €56,678 | €43,993 | -€12,685 | -22.4% |
| Cash at bank and in hand | 54/58 | €361,275 | €414,034 | +€52,759 | +14.6% |
| Deferred charges and accrued income | 490/1 | €5,263 | €5,691 | +€428 | +8.1% |
| Total equity and liabilities | 10/49 | €1,305,518 | €1,451,208 | +€145,691 | +11.2% |
| Equity | 10/15 | €649,444 | €921,072 | +€271,628 | +41.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €630,844 | €902,472 | +€271,628 | +43.1% |
| Distributable reserves | 133 | €630,844 | €902,472 | +€271,628 | +43.1% |
| Amounts payable | 17/49 | €656,074 | €530,137 | -€125,937 | -19.2% |
| Amounts payable after more than one year | 17 | €163,962 | €101,894 | -€62,068 | -37.9% |
| Financial debts | 170/4 | €163,962 | €101,894 | -€62,068 | -37.9% |
| Amounts payable within one year | 42/48 | €490,111 | €428,243 | -€61,869 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €73,333 | €62,068 | -€11,265 | -15.4% |
| Trade debts | 44 | €149,811 | €94,150 | -€55,661 | -37.2% |
| Suppliers | 440/4 | €149,811 | €94,150 | -€55,661 | -37.2% |
| Taxes, remuneration and social security | 45 | €83,694 | €90,194 | +€6,500 | +7.8% |
| Taxes | 450/3 | €59,125 | €60,378 | +€1,253 | +2.1% |
| Remuneration and social security | 454/9 | €24,570 | €29,816 | +€5,247 | +21.4% |
| Other amounts payable | 47/48 | €183,273 | €181,831 | -€1,443 | -0.8% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €178,351 | €176,355 | -€1,996 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,446 | €94,401 | +€6,955 | +8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,120 | -€6,227 | -€18,348 | |
| Other operating charges | 640/8 | €5,182 | €13,552 | +€8,371 | +162% |
| Gross operating margin | 9900 | €581,042 | €681,770 | +€100,728 | +17.3% |
| Operating profit (loss) | 9901 | €297,944 | €403,689 | +€105,746 | +35.5% |
| Financial income | 75/76B | €2,465 | €61 | -€2,404 | -97.5% |
| Recurring financial income | 75 | €2,465 | €61 | -€2,404 | -97.5% |
| Financial charges | 65/66B | €13,742 | €11,338 | -€2,404 | -17.5% |
| Recurring financial charges | 65 | €13,742 | €11,338 | -€2,404 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €286,667 | €392,413 | +€105,746 | +36.9% |
| Income taxes | 67/77 | €87,227 | €120,785 | +€33,558 | +38.5% |
| Profit (loss) for the period | 9904 | €199,440 | €271,628 | +€72,188 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €199,440 | €271,628 | +€72,188 | +36.2% |
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 30 October 2026 via checked.be.