VST EQUIPMENT: what changed
What changed
VST EQUIPMENT
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
filed annual accounts (NBB)
Net result for the year
€906,701
2023 · €535,893+€370,808
Equity
€4.6m
2023 · €4.6m+€45,335
Cash
€527,810
2023 · €475,489+€52,322
Balance sheet total
€20.0m
2023 · €20.4m-€348,864
Largest movements
Assets
- Receivables within one year +€989,066
up €989,066 (+10.8%), from €9.2m to €10.2m
of which Other amounts receivable: +€1.0m
- Stocks and contracts -€787,335
down €787,335 (-22.4%), from €3.5m to €2.7m
- Tangible fixed assets -€508,065
down €508,065 (-7.6%), from €6.7m to €6.2m
of which Leasing and similar rights: -€374,418
Equity and liabilities
- Short-term financial debts -€2.0m
down €2.0m (-74.3%), from €2.7m to €682,234
- Trade debts +€652,637
up €652,637 (+11.4%), from €5.7m to €6.4m
- Tax, wage and social debts +€454,213
up €454,213 (+44.6%), from €1.0m to €1.5m
of which Remuneration and social security: +€509,950
- Other debts +€406,789
up €406,789 (+89.5%), from €454,652 to €861,441
- Current portion of long-term debt +€259,467
up €259,467 (+21.5%), from €1.2m to €1.5m
Income statement
- Gross operating margin +€692,903
up €692,903 (+9.4%), from €7.3m to €8.0m
- Staff costs +€619,026
up €619,026 (+15.2%), from €4.1m to €4.7m
- Financial charges -€310,341
down €310,341 (-39.8%), from €780,029 to €469,687
- Depreciation -€115,696
down €115,696 (-7.0%), from €1.7m to €1.5m
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€535,893
Gross operating margin
+€692,903
Staff costs
-€619,026
Depreciation
+€115,696
Write-downs
-€59,641
Other operating charges
-€62,076
Other operating items
-€677
Financial income
-€40,682
Financial charges
+€310,341
Taxes
+€33,970
Result 2024
€906,701
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.7m
Investment
-€927,959
Financing
-€2.7m
Cash 2023
€475,489
From operations (derived)
+€3.7m
Net result for the year
+€906,701
Depreciation
+€1.5m
Stocks and contracts
+€787,335
Receivables within one year
-€989,066
Deferred charges and accrued income
-€6,677
Trade debts
+€652,637
Tax, wage and social debts
+€454,213
Other debts
+€406,789
Accrued charges and deferred income
-€52,497
Investment (derived)
-€927,959
Investment in fixed assets (net)
-€927,959
Financing
-€2.7m
Debts after one year
-€144,128
Current portion of long-term debt
+€259,467
Short-term financial debts
-€2.0m
Contributions, distributions and other
-€861,366
Cash 2024
€527,810
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,373,325 | €20,024,461 | -€348,864 | -1.7% |
| Fixed assets | 21/28 | €7,195,914 | €6,586,320 | -€609,594 | -8.5% |
| Intangible fixed assets | 21 | €107,771 | €6,157 | -€101,614 | -94.3% |
| Tangible fixed assets | 22/27 | €6,673,432 | €6,165,366 | -€508,065 | -7.6% |
| Land and buildings | 22 | €609,729 | €564,844 | -€44,885 | -7.4% |
| Plant, machinery and equipment | 23 | €384,986 | €256,040 | -€128,946 | -33.5% |
| Furniture and vehicles | 24 | €192,209 | €232,393 | +€40,184 | +20.9% |
| Leasing and similar rights | 25 | €5,486,508 | €5,112,090 | -€374,418 | -6.8% |
| Financial fixed assets | 28 | €414,711 | €414,796 | +€85 | 0.0% |
| Current assets | 29/58 | €13,177,411 | €13,438,142 | +€260,731 | +2.0% |
| Stocks and contracts in progress | 3 | €3,511,201 | €2,723,866 | -€787,335 | -22.4% |
| Stocks | 30/36 | €3,511,201 | €2,723,866 | -€787,335 | -22.4% |
| Amounts receivable within one year | 40/41 | €9,177,309 | €10,166,376 | +€989,066 | +10.8% |
| Trade receivables | 40 | €7,833,501 | €7,798,972 | -€34,528 | -0.4% |
| Other amounts receivable | 41 | €1,343,809 | €2,367,403 | +€1.0m | +76.2% |
| Cash at bank and in hand | 54/58 | €475,489 | €527,810 | +€52,322 | +11.0% |
| Deferred charges and accrued income | 490/1 | €13,412 | €20,089 | +€6,677 | +49.8% |
| Total equity and liabilities | 10/49 | €20,373,325 | €20,024,461 | -€348,864 | -1.7% |
| Equity | 10/15 | €4,601,404 | €4,646,739 | +€45,335 | +1.0% |
| Contributions | 10/11 | €2,700,000 | €2,700,000 | = | 0.0% |
| Capital | 10 | €2,700,000 | €2,700,000 | = | 0.0% |
| Issued capital | 100 | €2,700,000 | €2,700,000 | = | 0.0% |
| Revaluation surpluses | 12 | €297,000 | €272,250 | -€24,750 | -8.3% |
| Reserves | 13 | €525,434 | €595,519 | +€70,085 | +13.3% |
| Non-distributable reserves | 130/1 | €143,853 | €189,189 | +€45,335 | +31.5% |
| Legal reserve | 130 | €143,853 | €189,189 | +€45,335 | +31.5% |
| Tax-exempt reserves | 132 | €170,787 | €0 | -€170,787 | -100% |
| Distributable reserves | 133 | €210,793 | €406,330 | +€195,537 | +92.8% |
| Profit (loss) carried forward | 14 | €1,078,970 | €1,078,970 | = | 0.0% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €15,771,921 | €15,377,722 | -€394,199 | -2.5% |
| Amounts payable after more than one year | 17 | €4,477,588 | €4,333,460 | -€144,128 | -3.2% |
| Financial debts | 170/4 | €4,477,588 | €4,333,460 | -€144,128 | -3.2% |
| Amounts payable within one year | 42/48 | €11,079,535 | €10,881,961 | -€197,574 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €1,204,679 | €1,464,146 | +€259,467 | +21.5% |
| Financial debts | 43 | €2,652,914 | €682,234 | -€2.0m | -74.3% |
| Credit institutions | 430/8 | €2,652,914 | €682,234 | -€2.0m | -74.3% |
| Trade debts | 44 | €5,749,598 | €6,402,235 | +€652,637 | +11.4% |
| Suppliers | 440/4 | €5,749,598 | €6,402,235 | +€652,637 | +11.4% |
| Taxes, remuneration and social security | 45 | €1,017,692 | €1,471,905 | +€454,213 | +44.6% |
| Taxes | 450/3 | €79,317 | €23,579 | -€55,737 | -70.3% |
| Remuneration and social security | 454/9 | €938,376 | €1,448,326 | +€509,950 | +54.3% |
| Other amounts payable | 47/48 | €454,652 | €861,441 | +€406,789 | +89.5% |
| Accrued charges and deferred income | 492/3 | €214,798 | €162,301 | -€52,497 | -24.4% |
| Non-recurring operating income | 76A | €3,625 | €14,913 | +€11,288 | +311% |
| Remuneration, social security and pensions | 62 | €4,071,011 | €4,690,038 | +€619,026 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,653,249 | €1,537,553 | -€115,696 | -7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,856 | €48,784 | +€59,641 | |
| Other operating charges | 640/8 | €115,939 | €178,015 | +€62,076 | +53.5% |
| Non-recurring operating charges | 66A | €455 | €1,132 | +€677 | +149% |
| Gross operating margin | 9900 | €7,349,351 | €8,042,254 | +€692,903 | +9.4% |
| Operating profit (loss) | 9901 | €1,519,554 | €1,586,733 | +€67,179 | +4.4% |
| Financial income | 75/76B | €75,346 | €34,664 | -€40,682 | -54.0% |
| Recurring financial income | 75 | €75,346 | €34,664 | -€40,682 | -54.0% |
| Financial charges | 65/66B | €780,029 | €469,687 | -€310,341 | -39.8% |
| Recurring financial charges | 65 | €780,029 | €469,687 | -€310,341 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €814,871 | €1,151,709 | +€336,838 | +41.3% |
| Income taxes | 67/77 | €278,978 | €245,008 | -€33,970 | -12.2% |
| Profit (loss) for the period | 9904 | €535,893 | €906,701 | +€370,808 | +69.2% |
| Transfer from tax-exempt reserves | 789 | - | €170,787 | +€170,787 | |
| Transfer to tax-exempt reserves | 689 | €124,756 | €0 | -€124,756 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €411,138 | €1,077,488 | +€666,351 | +162% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 29 September 2023 and 29 September 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.