WESTVLEES: what changed
What changed
WESTVLEES
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
filed annual accounts (NBB)
Net result for the year
€2.9m
2024 · €3.2m-€365,230
Equity
€71.2m
2024 · €68.5m+€2.7m
Cash
€1.6m
2024 · €345,100+€1.3m
Balance sheet total
€145.6m
2024 · €146.0m-€409,746
Largest movements
Assets
- Receivables within one year -€4.3m
down €4.3m (-4.8%), from €88.2m to €83.9m
of which Trade receivables: -€2.9m
- Stocks and contracts +€1.8m
up €1.8m (+34.5%), from €5.3m to €7.1m
Equity and liabilities
- Trade debts -€6.2m
down €6.2m (-10.1%), from €61.8m to €55.6m
- Reserves +€2.7m
up €2.7m (+4.0%), from €67.9m to €70.7m
of which Distributable reserves: +€4.8m
- Other debts +€1.8m
up €1.8m (+44.6%), from €3.9m to €5.7m
Income statement
- Goods and materials -€37.2m
down €37.2m (-7.1%), from €522.6m to €485.4m
of which Purchases: -€36.5m
- Turnover -€32.2m
down €32.2m (-5.1%), from €631.0m to €598.9m
Change in the result, 2024 to 2025
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 2024
€3.2m
Turnover
-€32.2m
Other operating income
+€366,208
Goods and materials
+€37.2m
Services and other goods
-€1.4m
Staff costs
-€3.9m
Depreciation
-€276,770
Write-downs
+€648,248
Provisions
-€504,133
Other operating charges
-€243,775
Other operating items
+€2.3m
Financial income
-€1.8m
Financial charges
+€227,572
Taxes
-€858,858
Deferred taxes and other
+€9,447
Result 2025
€2.9m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€12.3m
Investment
-€10.8m
Financing
-€170,316
Cash 2024
€345,100
From operations (derived)
+€12.3m
Net result for the year
+€2.9m
Depreciation
+€10.1m
Smaller working-capital items
-€10,109
Stocks and contracts
-€1.8m
Receivables within one year
+€4.3m
Provisions
+€328,437
Trade debts
-€6.2m
Tax, wage and social debts
+€1.1m
Other debts
+€1.8m
Accrued charges and deferred income
-€82,675
Investment (derived)
-€10.8m
Investment in fixed assets (net)
-€10.8m
Current investments
-€1
Financing
-€170,316
Contributions, distributions and other
-€170,316
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,976,401 | €145,566,655 | -€409,746 | -0.3% |
| Fixed assets | 21/28 | €52,144,283 | €52,872,073 | +€727,791 | +1.4% |
| Intangible fixed assets | 21 | €68,630 | €86,399 | +€17,769 | +25.9% |
| Tangible fixed assets | 22/27 | €51,084,523 | €51,779,996 | +€695,472 | +1.4% |
| Land and buildings | 22 | €22,785,303 | €24,016,754 | +€1.2m | +5.4% |
| Plant, machinery and equipment | 23 | €27,680,128 | €26,753,169 | -€926,959 | -3.3% |
| Furniture and vehicles | 24 | €371,413 | €734,756 | +€363,343 | +97.8% |
| Other tangible fixed assets | 26 | €247,680 | €275,316 | +€27,637 | +11.2% |
| Financial fixed assets | 28 | €991,129 | €1,005,679 | +€14,550 | +1.5% |
| Affiliated companies | 280/1 | €977,288 | €977,288 | = | 0.0% |
| Participating interests | 280 | €977,288 | €977,288 | = | 0.0% |
| Other financial fixed assets | 284/8 | €13,841 | €28,391 | +€14,550 | +105% |
| Shares | 284 | €29 | €29 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €13,812 | €28,362 | +€14,550 | +105% |
| Current assets | 29/58 | €93,832,118 | €92,694,582 | -€1.1m | -1.2% |
| Amounts receivable after more than one year | 29 | €43,000 | €44,000 | +€1,000 | +2.3% |
| Other amounts receivable | 291 | €43,000 | €44,000 | +€1,000 | +2.3% |
| Stocks and contracts in progress | 3 | €5,251,191 | €7,065,349 | +€1.8m | +34.5% |
| Stocks | 30/36 | €5,251,191 | €7,065,349 | +€1.8m | +34.5% |
| Raw materials and consumables | 30/31 | €3,203,333 | €3,497,518 | +€294,185 | +9.2% |
| Work in progress | 32 | €661,786 | €606,941 | -€54,845 | -8.3% |
| Finished goods | 33 | €1,386,072 | €2,960,890 | +€1.6m | +114% |
| Amounts receivable within one year | 40/41 | €88,167,757 | €83,906,244 | -€4.3m | -4.8% |
| Trade receivables | 40 | €84,279,036 | €81,391,505 | -€2.9m | -3.4% |
| Other amounts receivable | 41 | €3,888,721 | €2,514,739 | -€1.4m | -35.3% |
| Current investments | 50/53 | €25,071 | €25,072 | +€1 | 0.0% |
| Other investments | 51/53 | €25,071 | €25,072 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €345,100 | €1,644,808 | +€1.3m | +377% |
| Deferred charges and accrued income | 490/1 | - | €9,109 | +€9,109 | |
| Total equity and liabilities | 10/49 | €145,976,401 | €145,566,655 | -€409,746 | -0.3% |
| Equity | 10/15 | €68,457,241 | €71,171,621 | +€2.7m | +4.0% |
| Contributions | 10/11 | €345,000 | €345,000 | = | 0.0% |
| Capital | 10 | €345,000 | €345,000 | = | 0.0% |
| Issued capital | 100 | €345,000 | €345,000 | = | 0.0% |
| Reserves | 13 | €67,920,570 | €70,661,126 | +€2.7m | +4.0% |
| Non-distributable reserves | 130/1 | €34,500 | €34,500 | = | 0.0% |
| Legal reserve | 130 | €34,500 | €34,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,813,140 | €62,789,465 | -€2.0m | -3.1% |
| Distributable reserves | 133 | €3,072,930 | €7,837,162 | +€4.8m | +155% |
| Investment grants | 15 | €191,671 | €165,495 | -€26,176 | -13.7% |
| Provisions and deferred taxes | 16 | €343,651 | €672,088 | +€328,437 | +95.6% |
| Provisions for liabilities and charges | 160/5 | €274,014 | €611,803 | +€337,789 | +123% |
| Pensions and similar obligations | 160 | €7,590 | €28,215 | +€20,625 | +272% |
| Other liabilities and charges | 164/5 | €266,423 | €583,588 | +€317,164 | +119% |
| Deferred taxes | 168 | €69,637 | €60,285 | -€9,353 | -13.4% |
| Amounts payable | 17/49 | €77,175,509 | €73,722,946 | -€3.5m | -4.5% |
| Amounts payable within one year | 42/48 | €77,043,317 | €73,673,429 | -€3.4m | -4.4% |
| Trade debts | 44 | €61,843,272 | €55,618,664 | -€6.2m | -10.1% |
| Suppliers | 440/4 | €61,843,272 | €55,618,664 | -€6.2m | -10.1% |
| Taxes, remuneration and social security | 45 | €11,277,281 | €12,380,833 | +€1.1m | +9.8% |
| Taxes | 450/3 | €944,823 | €1,141,008 | +€196,186 | +20.8% |
| Remuneration and social security | 454/9 | €10,332,459 | €11,239,825 | +€907,366 | +8.8% |
| Other amounts payable | 47/48 | €3,922,764 | €5,673,932 | +€1.8m | +44.6% |
| Accrued charges and deferred income | 492/3 | €132,192 | €49,517 | -€82,675 | -62.5% |
| Operating income | 70/76A | €633,373,346 | €603,253,620 | -€30.1m | -4.8% |
| Turnover | 70 | €631,042,792 | €598,860,513 | -€32.2m | -5.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€330,202 | €1,519,973 | +€1.9m | |
| Other operating income | 74 | €2,058,799 | €2,425,007 | +€366,208 | +17.8% |
| Non-recurring operating income | 76A | €601,957 | €448,128 | -€153,829 | -25.6% |
| Operating charges | 60/66A | €630,137,469 | €598,001,139 | -€32.1m | -5.1% |
| Goods for resale, raw materials and consumables | 60 | €522,642,811 | €485,428,535 | -€37.2m | -7.1% |
| Purchases | 600/8 | €522,224,616 | €485,722,720 | -€36.5m | -7.0% |
| Change in stocks: decrease (increase) | 609 | €418,195 | -€294,185 | -€712,380 | |
| Services and other goods | 61 | €45,106,434 | €46,508,604 | +€1.4m | +3.1% |
| Remuneration, social security and pensions | 62 | €50,970,353 | €54,917,395 | +€3.9m | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,792,171 | €10,068,940 | +€276,770 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €103,394 | -€544,854 | -€648,248 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€166,343 | €337,789 | +€504,133 | |
| Other operating charges | 640/8 | €1,018,585 | €1,262,360 | +€243,775 | +23.9% |
| Non-recurring operating charges | 66A | €670,067 | €22,369 | -€647,698 | -96.7% |
| Operating profit (loss) | 9901 | €3,235,877 | €5,252,482 | +€2.0m | +62.3% |
| Financial income | 75/76B | €1,916,492 | €156,497 | -€1.8m | -91.8% |
| Recurring financial income | 75 | €1,909,942 | €144,814 | -€1.8m | -92.4% |
| Income from financial fixed assets | 750 | €1,577,767 | €2,000 | -€1.6m | -99.9% |
| Income from current assets | 751 | €138,096 | €1 | -€138,095 | -100.0% |
| Other financial income | 752/9 | €194,078 | €142,813 | -€51,265 | -26.4% |
| Non-recurring financial income | 76B | €6,550 | €11,683 | +€5,132 | +78.3% |
| Financial charges | 65/66B | €1,388,195 | €1,160,623 | -€227,572 | -16.4% |
| Recurring financial charges | 65 | €1,361,754 | €1,139,399 | -€222,356 | -16.3% |
| Debt charges | 650 | €1,025,159 | €832,631 | -€192,528 | -18.8% |
| Other financial charges | 652/9 | €336,595 | €306,768 | -€29,827 | -8.9% |
| Non-recurring financial charges | 66B | €26,441 | €21,225 | -€5,216 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €3,764,174 | €4,248,355 | +€484,181 | +12.9% |
| Transfer from deferred taxes | 780 | €11,422 | €11,119 | -€303 | -2.7% |
| Transfer to deferred taxes | 680 | €9,750 | - | -€9,750 | |
| Income taxes | 67/77 | €515,919 | €1,374,778 | +€858,858 | +166% |
| Taxes | 670/3 | €567,600 | €1,374,778 | +€807,178 | +142% |
| Tax adjustments and reversals of tax provisions | 77 | €51,681 | - | -€51,681 | |
| Profit (loss) for the period | 9904 | €3,249,927 | €2,884,696 | -€365,230 | -11.2% |
| Transfer from tax-exempt reserves | 789 | €24,596 | €2,023,675 | +€2.0m | +8,128% |
| Transfer to tax-exempt reserves | 689 | €82,195 | - | -€82,195 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,192,328 | €4,908,371 | +€1.7m | +53.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.