VLEESWAREN DECORTE: what changed
Two fiscal 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.
VLEESWAREN DECORTE
Largest movements
- Receivables within one year +€446,324
up €446,324 (+541.7%), from €82,391 to €528,715
of which Other amounts receivable: +€429,277
- Financial fixed assets -€85,577
down €85,577 (-2.6%), from €3.3m to €3.2m
- Reserves +€590,576
up €590,576 (+18.8%), from €3.1m to €3.7m
of which Distributable reserves: +€592,500
- Debts after one year -€489,674
down €489,674 (-15.2%), from €3.2m to €2.7m
of which Financial debts: -€392,174
- Other debts +€259,002
up €259,002 (+758.3%), from €34,154 to €293,156
- Current portion of long-term debt -€91,395
down €91,395 (-27.4%), from €333,490 to €242,095
- Gross operating margin +€32,866
up €32,866 (+5.9%), from €556,987 to €589,854
- Financial charges -€21,843
down €21,843 (-16.4%), from €133,109 to €111,267
- Taxes +€14,057
up €14,057 (+12.0%), from €117,395 to €131,453
- Financial income +€7,277
up €7,277 (+1.6%), from €445,000 to €452,277
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.
Cash bridge derived
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 | €7,237,039 | €7,598,004 | +€360,964 | +5.0% |
| Fixed assets | 21/28 | €7,072,939 | €6,977,547 | -€95,393 | -1.3% |
| Tangible fixed assets | 22/27 | €3,812,708 | €3,802,892 | -€9,816 | -0.3% |
| Land and buildings | 22 | €3,812,708 | €3,802,109 | -€10,599 | -0.3% |
| Plant, machinery and equipment | 23 | - | €783 | +€783 | |
| Financial fixed assets | 28 | €3,260,232 | €3,174,655 | -€85,577 | -2.6% |
| Current assets | 29/58 | €164,100 | €620,457 | +€456,357 | +278.1% |
| Amounts receivable within one year | 40/41 | €82,391 | €528,715 | +€446,324 | +541.7% |
| Trade receivables | 40 | €82,391 | €99,438 | +€17,048 | +20.7% |
| Other amounts receivable | 41 | €0 | €429,277 | +€429,277 | |
| Cash at bank and in hand | 54/58 | €53,588 | €77,359 | +€23,772 | +44.4% |
| Deferred charges and accrued income | 490/1 | €28,122 | €14,383 | -€13,739 | -48.9% |
| Total equity and liabilities | 10/49 | €7,237,039 | €7,598,004 | +€360,964 | +5.0% |
| Equity | 10/15 | €3,417,865 | €4,008,978 | +€591,113 | +17.3% |
| Contributions | 10/11 | €268,561 | €268,561 | = | 0.0% |
| Reserves | 13 | €3,148,565 | €3,739,141 | +€590,576 | +18.8% |
| Tax-exempt reserves | 132 | €59,365 | €57,441 | -€1,924 | -3.2% |
| Distributable reserves | 133 | €3,089,200 | €3,681,700 | +€592,500 | +19.2% |
| Profit (loss) carried forward | 14 | €739 | €1,276 | +€537 | +72.7% |
| Provisions and deferred taxes | 16 | €62,267 | €58,699 | -€3,567 | -5.7% |
| Deferred taxes | 168 | €62,267 | €58,699 | -€3,567 | -5.7% |
| Amounts payable | 17/49 | €3,756,908 | €3,530,326 | -€226,582 | -6.0% |
| Amounts payable after more than one year | 17 | €3,225,737 | €2,736,063 | -€489,674 | -15.2% |
| Financial debts | 170/4 | €2,628,237 | €2,236,063 | -€392,174 | -14.9% |
| Other amounts payable | 178/9 | €597,500 | €500,000 | -€97,500 | -16.3% |
| Amounts payable within one year | 42/48 | €479,602 | €749,195 | +€269,593 | +56.2% |
| Current portion of amounts payable after more than one year | 42 | €333,490 | €242,095 | -€91,395 | -27.4% |
| Financial debts | 43 | €25,355 | €25,232 | -€123 | -0.5% |
| Other loans | 439 | €25,355 | €25,232 | -€123 | -0.5% |
| Trade debts | 44 | €4,951 | €51,379 | +€46,427 | +937.7% |
| Suppliers | 440/4 | €4,951 | €51,379 | +€46,427 | +937.7% |
| Taxes, remuneration and social security | 45 | €81,652 | €137,333 | +€55,681 | +68.2% |
| Taxes | 450/3 | €81,652 | €137,333 | +€55,681 | +68.2% |
| Other amounts payable | 47/48 | €34,154 | €293,156 | +€259,002 | +758.3% |
| Accrued charges and deferred income | 492/3 | €51,569 | €45,068 | -€6,501 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,418 | €190,661 | +€3,243 | +1.7% |
| Other operating charges | 640/8 | €20,498 | €21,204 | +€707 | +3.4% |
| Gross operating margin | 9900 | €556,987 | €589,854 | +€32,866 | +5.9% |
| Operating profit (loss) | 9901 | €349,071 | €377,989 | +€28,917 | +8.3% |
| Financial income | 75/76B | €445,000 | €452,277 | +€7,277 | +1.6% |
| Recurring financial income | 75 | €445,000 | €452,277 | +€7,277 | +1.6% |
| Financial charges | 65/66B | €133,109 | €111,267 | -€21,843 | -16.4% |
| Recurring financial charges | 65 | €133,109 | €111,267 | -€21,843 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €660,962 | €718,999 | +€58,037 | +8.8% |
| Transfer from deferred taxes | 780 | €3,567 | €3,567 | = | 0.0% |
| Income taxes | 67/77 | €117,395 | €131,453 | +€14,057 | +12.0% |
| Profit (loss) for the period | 9904 | €547,134 | €591,113 | +€43,980 | +8.0% |
| Transfer from tax-exempt reserves | 789 | €1,924 | €1,924 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €549,058 | €593,037 | +€43,980 | +8.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.