Vlevico: 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
Vlevico
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.4m
2024 · €2.9m+€550,804
Equity
€25.2m
2024 · €21.7m+€3.4m
Cash
€21.0m
2024 · €16.4m+€4.6m
Balance sheet total
€104.7m
2024 · €97.1m+€7.6m
Largest movements
Assets
- Cash +€4.6m
up €4.6m (+28.2%), from €16.4m to €21.0m
mainly Net result for the year (+€3.4m) and Trade debts (+€2.3m)
- Receivables within one year +€4.4m
up €4.4m (+8.1%), from €54.2m to €58.6m
of which Trade receivables: +€4.3m
Equity and liabilities
- Profit (loss) carried forward +€3.4m
up €3.4m (+18.5%), from €18.5m to €22.0m
- Trade debts +€2.3m
up €2.3m (+3.8%), from €60.6m to €62.9m
- Tax, wage and social debts +€1.5m
up €1.5m (+10.7%), from €13.9m to €15.4m
of which Remuneration and social security: +€1.0m
Income statement
- Other operating income +€8.7m
up €8.7m (+95.5%), from €9.1m to €17.7m
- Turnover -€6.8m
down €6.8m (-1.3%), from €514.0m to €507.2m
- Goods and materials -€5.8m
down €5.8m (-1.4%), from €400.4m to €394.7m
of which Purchases: -€7.1m
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.
Result 2024
€2.9m
Turnover
-€6.8m
Other operating income
+€8.7m
Goods and materials
+€5.8m
Services and other goods
-€426,014
Staff costs
-€3.2m
Depreciation
+€120,124
Write-downs
+€34,582
Provisions
-€269,522
Other operating charges
-€56,301
Other operating items
-€3.0m
Financial income
-€338,864
Financial charges
+€308,309
Taxes
-€217,494
Result 2025
€3.4m
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.
From operations
+€4.7m
Investment
-€109,842
Financing
-€14
Cash 2024
€16.4m
From operations (derived)
+€4.7m
Net result for the year
+€3.4m
Depreciation
+€756,064
Stocks and contracts
+€1.0m
Receivables within one year
-€4.4m
Deferred charges and accrued income
-€271,234
Provisions
+€233,525
Trade debts
+€2.3m
Tax, wage and social debts
+€1.5m
Other debts
+€154,444
Accrued charges and deferred income
+€1,065
Investment (derived)
-€109,842
Investment in fixed assets (net)
-€109,842
Financing
-€14
Contributions, distributions and other
-€14
Cash 2025
€21.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,085,847 | €104,696,567 | +€7.6m | +7.8% |
| Fixed assets | 21/28 | €3,002,967 | €2,356,745 | -€646,222 | -21.5% |
| Intangible fixed assets | 21 | €60,396 | €33,003 | -€27,393 | -45.4% |
| Tangible fixed assets | 22/27 | €2,938,572 | €2,319,742 | -€618,829 | -21.1% |
| Land and buildings | 22 | €1,873,684 | €1,338,022 | -€535,662 | -28.6% |
| Plant, machinery and equipment | 23 | €941,072 | €916,597 | -€24,475 | -2.6% |
| Furniture and vehicles | 24 | €115,344 | €59,528 | -€55,817 | -48.4% |
| Other tangible fixed assets | 26 | €8,471 | €5,596 | -€2,875 | -33.9% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,000 | €4,000 | = | 0.0% |
| Shares | 284 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €94,082,880 | €102,339,822 | +€8.3m | +8.8% |
| Stocks and contracts in progress | 3 | €23,131,961 | €22,124,665 | -€1.0m | -4.4% |
| Stocks | 30/36 | €23,131,961 | €22,124,665 | -€1.0m | -4.4% |
| Raw materials and consumables | 30/31 | €15,269,075 | €16,023,663 | +€754,589 | +4.9% |
| Finished goods | 33 | €7,862,848 | €6,100,964 | -€1.8m | -22.4% |
| Goods purchased for resale | 34 | €38 | €38 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,210,523 | €58,578,177 | +€4.4m | +8.1% |
| Trade receivables | 40 | €52,246,102 | €56,575,599 | +€4.3m | +8.3% |
| Other amounts receivable | 41 | €1,964,422 | €2,002,579 | +€38,157 | +1.9% |
| Cash at bank and in hand | 54/58 | €16,416,439 | €21,041,788 | +€4.6m | +28.2% |
| Deferred charges and accrued income | 490/1 | €323,957 | €595,191 | +€271,234 | +83.7% |
| Total equity and liabilities | 10/49 | €97,085,847 | €104,696,567 | +€7.6m | +7.8% |
| Equity | 10/15 | €21,729,023 | €25,153,440 | +€3.4m | +15.8% |
| Contributions | 10/11 | €1,986,720 | €1,986,720 | = | 0.0% |
| Capital | 10 | €1,986,720 | €1,986,720 | = | 0.0% |
| Issued capital | 100 | €1,986,720 | €1,986,720 | = | 0.0% |
| Reserves | 13 | €1,200,963 | €1,200,963 | = | 0.0% |
| Non-distributable reserves | 130/1 | €198,672 | €198,672 | = | 0.0% |
| Legal reserve | 130 | €198,672 | €198,672 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,002,291 | €1,002,291 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,541,340 | €21,965,757 | +€3.4m | +18.5% |
| Provisions and deferred taxes | 16 | €13,837 | €247,361 | +€233,525 | +1687.7% |
| Provisions for liabilities and charges | 160/5 | €13,837 | €247,361 | +€233,525 | +1687.7% |
| Pensions and similar obligations | 160 | €13,837 | €14,231 | +€395 | +2.9% |
| Other liabilities and charges | 164/5 | - | €233,130 | +€233,130 | |
| Amounts payable | 17/49 | €75,342,988 | €79,295,766 | +€4.0m | +5.2% |
| Amounts payable within one year | 42/48 | €75,313,164 | €79,264,877 | +€4.0m | +5.2% |
| Trade debts | 44 | €60,575,495 | €62,889,845 | +€2.3m | +3.8% |
| Suppliers | 440/4 | €60,575,495 | €62,889,845 | +€2.3m | +3.8% |
| Taxes, remuneration and social security | 45 | €13,920,175 | €15,403,093 | +€1.5m | +10.7% |
| Taxes | 450/3 | €297,212 | €751,756 | +€454,544 | +152.9% |
| Remuneration and social security | 454/9 | €13,622,963 | €14,651,337 | +€1.0m | +7.5% |
| Other amounts payable | 47/48 | €817,495 | €971,939 | +€154,444 | +18.9% |
| Accrued charges and deferred income | 492/3 | €29,823 | €30,889 | +€1,065 | +3.6% |
| Operating income | 70/76A | €524,291,998 | €523,148,389 | -€1.1m | -0.2% |
| Turnover | 70 | €513,975,570 | €507,174,802 | -€6.8m | -1.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,244,700 | -€1,761,884 | -€3.0m | |
| Other operating income | 74 | €9,071,729 | €17,735,472 | +€8.7m | +95.5% |
| Operating charges | 60/66A | €520,796,368 | €518,853,907 | -€1.9m | -0.4% |
| Goods for resale, raw materials and consumables | 60 | €400,405,340 | €394,650,271 | -€5.8m | -1.4% |
| Purchases | 600/8 | €402,472,077 | €395,404,860 | -€7.1m | -1.8% |
| Change in stocks: decrease (increase) | 609 | -€2,066,737 | -€754,589 | +€1.3m | +63.5% |
| Services and other goods | 61 | €78,500,744 | €78,926,758 | +€426,014 | +0.5% |
| Remuneration, social security and pensions | 62 | €40,862,008 | €44,074,387 | +€3.2m | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €876,188 | €756,064 | -€120,124 | -13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,755 | -€4,827 | -€34,582 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€35,998 | €233,525 | +€269,522 | |
| Other operating charges | 640/8 | €156,936 | €213,237 | +€56,301 | +35.9% |
| Non-recurring operating charges | 66A | €1,395 | €4,491 | +€3,097 | +222.1% |
| Operating profit (loss) | 9901 | €3,495,630 | €4,294,482 | +€798,852 | +22.9% |
| Financial income | 75/76B | €785,837 | €446,974 | -€338,864 | -43.1% |
| Recurring financial income | 75 | €785,837 | €446,974 | -€338,864 | -43.1% |
| Income from current assets | 751 | €781,918 | €445,849 | -€336,069 | -43.0% |
| Other financial income | 752/9 | €3,919 | €1,125 | -€2,795 | -71.3% |
| Financial charges | 65/66B | €332,245 | €23,936 | -€308,309 | -92.8% |
| Recurring financial charges | 65 | €332,245 | €23,936 | -€308,309 | -92.8% |
| Debt charges | 650 | €330,019 | €17,304 | -€312,715 | -94.8% |
| Other financial charges | 652/9 | €2,227 | €6,632 | +€4,406 | +197.9% |
| Profit (loss) for the period before taxes | 9903 | €3,949,222 | €4,717,520 | +€768,298 | +19.5% |
| Income taxes | 67/77 | €1,075,596 | €1,293,090 | +€217,494 | +20.2% |
| Taxes | 670/3 | €1,075,596 | €1,293,090 | +€217,494 | +20.2% |
| Profit (loss) for the period | 9904 | €2,873,627 | €3,424,430 | +€550,804 | +19.2% |
| Transfer to tax-exempt reserves | 689 | €997,770 | - | -€997,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,875,857 | €3,424,430 | +€1.5m | +82.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.