A2 Menuiserie: 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.
A2 Menuiserie
Largest movements
- Tangible fixed assets -€13,550
down €13,550 (-24.1%), from €56,180 to €42,629
of which Plant, machinery and equipment: -€7,788
- Stocks and contracts -€8,127
down €8,127 (-49.9%), from €16,290 to €8,163
- Receivables within one year -€5,432
down €5,432 (-78.7%), from €6,899 to €1,467
of which Other amounts receivable: -€4,632
- Deferred charges and accrued income +€2,379
up €2,379 (+515.3%), from €462 to €2,841
- Cash -€1,087
down €1,087 (-78.9%), from €1,377 to €290
mainly Net result for the year (-€44,939) and Advances received (-€2,897)
- Profit (loss) carried forward -€44,939
down €44,939 (-20.8%), from -€215,771 to -€260,710
- Other debts +€20,195
up €20,195 (+10.2%), from €197,251 to €217,445
- Accrued charges and deferred income +€2,974
up €2,974 (+39.0%), from €7,635 to €10,608
- Advances received -€2,897
no longer reported in 2025 (was €2,897)
- Tax, wage and social debts -€2,583
down €2,583 (-91.6%), from €2,820 to €238
of which Remuneration and social security: -€1,750
- Gross operating margin +€18,068
up €18,068 (+44.9%), from -€40,217 to -€22,150
- Staff costs -€9,698
down €9,698 (-68.1%), from €14,244 to €4,546
- Depreciation -€4,127
down €4,127 (-25.0%), from €16,478 to €12,351
- Financial charges +€1,927
up €1,927 (+58.3%), from €3,306 to €5,233
- Other operating charges -€808
down €808 (-66.5%), from €1,215 to €406
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 | €88,607 | €62,790 | -€25,817 | -29.1% |
| Fixed assets | 21/28 | €63,580 | €50,029 | -€13,550 | -21.3% |
| Tangible fixed assets | 22/27 | €56,180 | €42,629 | -€13,550 | -24.1% |
| Plant, machinery and equipment | 23 | €48,532 | €40,744 | -€7,788 | -16.0% |
| Furniture and vehicles | 24 | €7,647 | €1,885 | -€5,762 | -75.3% |
| Financial fixed assets | 28 | €7,400 | €7,400 | = | 0.0% |
| Current assets | 29/58 | €25,028 | €12,761 | -€12,267 | -49.0% |
| Stocks and contracts in progress | 3 | €16,290 | €8,163 | -€8,127 | -49.9% |
| Stocks | 30/36 | €16,290 | €8,163 | -€8,127 | -49.9% |
| Amounts receivable within one year | 40/41 | €6,899 | €1,467 | -€5,432 | -78.7% |
| Trade receivables | 40 | €2,032 | €1,231 | -€800 | -39.4% |
| Other amounts receivable | 41 | €4,867 | €236 | -€4,632 | -95.2% |
| Cash at bank and in hand | 54/58 | €1,377 | €290 | -€1,087 | -78.9% |
| Deferred charges and accrued income | 490/1 | €462 | €2,841 | +€2,379 | +515.3% |
| Total equity and liabilities | 10/49 | €88,607 | €62,790 | -€25,817 | -29.1% |
| Equity | 10/15 | -€203,271 | -€248,210 | -€44,939 | -22.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,771 | -€260,710 | -€44,939 | -20.8% |
| Amounts payable | 17/49 | €291,879 | €311,000 | +€19,122 | +6.6% |
| Amounts payable after more than one year | 17 | €80,000 | €80,000 | = | 0.0% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €204,244 | €220,392 | +€16,148 | +7.9% |
| Trade debts | 44 | €1,276 | €2,709 | +€1,433 | +112.2% |
| Suppliers | 440/4 | €1,276 | €2,709 | +€1,433 | +112.2% |
| Advances received on contracts in progress | 46 | €2,897 | - | -€2,897 | |
| Taxes, remuneration and social security | 45 | €2,820 | €238 | -€2,583 | -91.6% |
| Taxes | 450/3 | €833 | - | -€833 | |
| Remuneration and social security | 454/9 | €1,987 | €238 | -€1,750 | -88.0% |
| Other amounts payable | 47/48 | €197,251 | €217,445 | +€20,195 | +10.2% |
| Accrued charges and deferred income | 492/3 | €7,635 | €10,608 | +€2,974 | +39.0% |
| Non-recurring operating income | 76A | - | €4,137 | +€4,137 | |
| Remuneration, social security and pensions | 62 | €14,244 | €4,546 | -€9,698 | -68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,478 | €12,351 | -€4,127 | -25.0% |
| Other operating charges | 640/8 | €1,215 | €406 | -€808 | -66.5% |
| Non-recurring operating charges | 66A | -€166 | €257 | +€423 | |
| Gross operating margin | 9900 | -€40,217 | -€22,150 | +€18,068 | +44.9% |
| Operating profit (loss) | 9901 | -€71,989 | -€39,711 | +€32,278 | +44.8% |
| Financial income | 75/76B | €242 | €5 | -€237 | -98.0% |
| Recurring financial income | 75 | €242 | €5 | -€237 | -98.0% |
| Financial charges | 65/66B | €3,306 | €5,233 | +€1,927 | +58.3% |
| Recurring financial charges | 65 | €3,306 | €5,233 | +€1,927 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | -€75,053 | -€44,939 | +€30,114 | +40.1% |
| Profit (loss) for the period | 9904 | -€75,053 | -€44,939 | +€30,114 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,053 | -€44,939 | +€30,114 | +40.1% |
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 9 October 2026 via checked.be.