VLEESWAREN HOSTE: 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.
What changed
VLEESWAREN HOSTE
NACE 10.130, Manufacture of food products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€47,065
2023 · €45,862+€1,203
Equity
€748,794
2023 · €701,729+€47,065
Cash
€118,661
2023 · €8,503+€110,157
Balance sheet total
€2.2m
2023 · €2.7m-€519,190
Largest movements
Assets
- Receivables within one year -€478,996
down €478,996 (-56.1%), from €853,080 to €374,083
of which Other amounts receivable: -€309,929
- Cash +€110,157
up €110,157 (+1295.4%), from €8,503 to €118,661
mainly Receivables within one year (+€478,996) and Depreciation (+€124,343)
- Stocks and contracts -€93,903
down €93,903 (-8.9%), from €1.1m to €960,784
- Tangible fixed assets -€54,061
down €54,061 (-6.9%), from €785,949 to €731,888
of which Land and buildings: -€65,004
Equity and liabilities
- Trade debts -€255,706
down €255,706 (-31.2%), from €818,782 to €563,075
- Other debts -€197,040
down €197,040 (-90.1%), from €218,614 to €21,573
- Profit (loss) carried forward +€47,065
up €47,065 (+8.8%), from €536,729 to €583,794
- Current portion of long-term debt -€27,764
down €27,764 (-27.2%), from €101,983 to €74,219
- Tax, wage and social debts -€27,586
down €27,586 (-18.6%), from €148,401 to €120,815
of which Taxes: -€30,312
Income statement
- Turnover +€329,158
up €329,158 (+8.8%), from €3.7m to €4.1m
- Services and other goods +€107,013
up €107,013 (+14.4%), from €741,491 to €848,504
- Goods and materials -€60,193
down €60,193 (-2.4%), from €2.5m to €2.4m
of which Purchases: -€43,150
From the 2023 result to the 2024 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.
Result 2023
€45,862
Turnover
+€329,158
Other operating income
-€6,723
Goods and materials
+€60,193
Services and other goods
-€107,013
Staff costs
-€23,283
Depreciation
-€6,495
Other operating charges
+€7,672
Other operating items
-€257,034
Financial income
+€2,098
Financial charges
-€394
Taxes
+€3,026
Result 2024
€47,065
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€257,997
Investment
-€69,736
Financing
-€78,104
Cash 2023
€8,503
From operations (derived)
+€257,997
Net result for the year
+€47,065
Depreciation
+€124,343
Stocks and contracts
+€93,903
Receivables within one year
+€478,996
Deferred charges and accrued income
+€1,841
Trade debts
-€255,706
Tax, wage and social debts
-€27,586
Other debts
-€197,040
Accrued charges and deferred income
-€7,818
Investment (derived)
-€69,736
Investment in fixed assets (net)
-€69,736
Financing
-€78,104
Debts after one year
-€26,131
Current portion of long-term debt
-€27,764
Short-term financial debts
-€24,210
Cash 2024
€118,661
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,707,978 | €2,188,788 | -€519,190 | -19.2% |
| Fixed assets | 21/28 | €789,261 | €734,654 | -€54,607 | -6.9% |
| Intangible fixed assets | 21 | €1,812 | €1,267 | -€546 | -30.1% |
| Tangible fixed assets | 22/27 | €785,949 | €731,888 | -€54,061 | -6.9% |
| Land and buildings | 22 | €705,626 | €640,622 | -€65,004 | -9.2% |
| Plant, machinery and equipment | 23 | €50,221 | €28,006 | -€22,215 | -44.2% |
| Furniture and vehicles | 24 | €1,976 | €0 | -€1,976 | -100.0% |
| Leasing and similar rights | 25 | €28,125 | €63,259 | +€35,134 | +124.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €1,918,717 | €1,454,134 | -€464,583 | -24.2% |
| Stocks and contracts in progress | 3 | €1,054,687 | €960,784 | -€93,903 | -8.9% |
| Stocks | 30/36 | €1,054,687 | €960,784 | -€93,903 | -8.9% |
| Raw materials and consumables | 30/31 | €45,530 | €80,622 | +€35,092 | +77.1% |
| Work in progress | 32 | €857,936 | €710,381 | -€147,555 | -17.2% |
| Finished goods | 33 | €151,221 | €169,782 | +€18,561 | +12.3% |
| Amounts receivable within one year | 40/41 | €853,080 | €374,083 | -€478,996 | -56.1% |
| Trade receivables | 40 | €361,569 | €192,502 | -€169,067 | -46.8% |
| Other amounts receivable | 41 | €491,510 | €181,581 | -€309,929 | -63.1% |
| Cash at bank and in hand | 54/58 | €8,503 | €118,661 | +€110,157 | +1295.4% |
| Deferred charges and accrued income | 490/1 | €2,447 | €606 | -€1,841 | -75.2% |
| Total equity and liabilities | 10/49 | €2,707,978 | €2,188,788 | -€519,190 | -19.2% |
| Equity | 10/15 | €701,729 | €748,794 | +€47,065 | +6.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €536,729 | €583,794 | +€47,065 | +8.8% |
| Amounts payable | 17/49 | €2,006,249 | €1,439,994 | -€566,255 | -28.2% |
| Amounts payable after more than one year | 17 | €143,912 | €117,781 | -€26,131 | -18.2% |
| Financial debts | 170/4 | €143,912 | €117,781 | -€26,131 | -18.2% |
| Subordinated loans | 170 | €50,000 | €50,000 | = | 0.0% |
| Leasing and similar obligations | 172 | €8,362 | €36,665 | +€28,303 | +338.5% |
| Credit institutions | 173 | €85,550 | €31,116 | -€54,434 | -63.6% |
| Amounts payable within one year | 42/48 | €1,846,701 | €1,314,395 | -€532,306 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €101,983 | €74,219 | -€27,764 | -27.2% |
| Financial debts | 43 | €558,922 | €534,712 | -€24,210 | -4.3% |
| Credit institutions | 430/8 | €558,922 | €534,712 | -€24,210 | -4.3% |
| Trade debts | 44 | €818,782 | €563,075 | -€255,706 | -31.2% |
| Suppliers | 440/4 | €818,782 | €563,075 | -€255,706 | -31.2% |
| Taxes, remuneration and social security | 45 | €148,401 | €120,815 | -€27,586 | -18.6% |
| Taxes | 450/3 | €84,075 | €53,763 | -€30,312 | -36.1% |
| Remuneration and social security | 454/9 | €64,326 | €67,052 | +€2,726 | +4.2% |
| Other amounts payable | 47/48 | €218,614 | €21,573 | -€197,040 | -90.1% |
| Accrued charges and deferred income | 492/3 | €15,636 | €7,818 | -€7,818 | -50.0% |
| Operating income | 70/76A | €3,890,123 | €3,955,524 | +€65,401 | +1.7% |
| Turnover | 70 | €3,741,996 | €4,071,153 | +€329,158 | +8.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €130,510 | -€128,995 | -€259,505 | |
| Other operating income | 74 | €17,617 | €10,894 | -€6,723 | -38.2% |
| Non-recurring operating income | 76A | - | €2,471 | +€2,471 | |
| Operating charges | 60/66A | €3,792,951 | €3,861,877 | +€68,926 | +1.8% |
| Goods for resale, raw materials and consumables | 60 | €2,487,086 | €2,426,893 | -€60,193 | -2.4% |
| Purchases | 600/8 | €2,505,135 | €2,461,985 | -€43,150 | -1.7% |
| Change in stocks: decrease (increase) | 609 | -€18,049 | -€35,092 | -€17,043 | -94.4% |
| Services and other goods | 61 | €741,491 | €848,504 | +€107,013 | +14.4% |
| Remuneration, social security and pensions | 62 | €428,936 | €452,219 | +€23,283 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,848 | €124,343 | +€6,495 | +5.5% |
| Other operating charges | 640/8 | €17,590 | €9,918 | -€7,672 | -43.6% |
| Operating profit (loss) | 9901 | €97,172 | €93,647 | -€3,525 | -3.6% |
| Financial income | 75/76B | €21,243 | €23,340 | +€2,098 | +9.9% |
| Recurring financial income | 75 | €21,243 | €23,340 | +€2,098 | +9.9% |
| Income from current assets | 751 | €21,153 | €23,328 | +€2,174 | +10.3% |
| Other financial income | 752/9 | €89 | €13 | -€77 | -86.0% |
| Financial charges | 65/66B | €49,525 | €49,920 | +€394 | +0.8% |
| Recurring financial charges | 65 | €49,525 | €49,920 | +€394 | +0.8% |
| Debt charges | 650 | €45,936 | €45,703 | -€234 | -0.5% |
| Other financial charges | 652/9 | €3,589 | €4,217 | +€628 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €68,890 | €67,067 | -€1,822 | -2.6% |
| Income taxes | 67/77 | €23,028 | €20,003 | -€3,026 | -13.1% |
| Taxes | 670/3 | €23,028 | €20,003 | -€3,026 | -13.1% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €45,862 | €47,065 | +€1,203 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,862 | €47,065 | +€1,203 | +2.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.