A3 MENUISERIE: what changed
What changed
A3 MENUISERIE
NACE 43.410, Roofing work
filed annual accounts (NBB)
Net result for the year
€3,780
2024 · €8,157-€4,377
Equity
€218,201
2024 · €214,581+€3,620
Cash
€28,900
2024 · €45,081-€16,181
Balance sheet total
€431,053
2024 · €639,121-€208,067
Largest movements
Assets
- Receivables within one year -€204,964
down €204,964 (-50.7%), from €404,007 to €199,043
of which Trade receivables: -€175,282
- Stocks and contracts +€34,190
up €34,190 (+32.3%), from €105,934 to €140,124
- Tangible fixed assets -€20,299
down €20,299 (-28.7%), from €70,648 to €50,349
of which Furniture and vehicles: -€11,000
- Cash -€16,181
down €16,181 (-35.9%), from €45,081 to €28,900
mainly Trade debts (-€182,248) and Stocks and contracts (-€34,190)
Equity and liabilities
- Trade debts -€182,248
down €182,248 (-66.3%), from €274,758 to €92,510
- Debts after one year -€13,453
down €13,453 (-69.8%), from €19,285 to €5,832
- Tax, wage and social debts -€13,226
down €13,226 (-100%), from €13,226 to €0
Income statement
- Gross operating margin -€101,312
down €101,312 (-11.5%), from €883,545 to €782,233
- Staff costs -€86,186
down €86,186 (-10.5%), from €823,658 to €737,472
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
€8,157
Gross operating margin
-€101,312
Staff costs
+€86,186
Depreciation
+€8,775
Other operating charges
+€5,662
Financial income
-€1,075
Financial charges
-€3,371
Taxes
+€757
Result 2025
€3,780
raises the resultlowers the result
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
+€1,177
Investment
-€1,484
Financing
-€15,873
Cash 2024
€45,081
From operations (derived)
+€1,177
Net result for the year
+€3,780
Depreciation
+€22,583
Stocks and contracts
-€34,190
Receivables within one year
+€204,964
Smaller working-capital items
-€486
Trade debts
-€182,248
Tax, wage and social debts
-€13,226
Investment (derived)
-€1,484
Investment in fixed assets (net)
-€1,484
Financing
-€15,873
Debts after one year
-€13,453
Current portion of long-term debt
-€2,260
Contributions, distributions and other
-€160
Cash 2025
€28,900
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €639,121 | €431,053 | -€208,067 | -32.6% |
| Fixed assets | 21/28 | €83,040 | €61,940 | -€21,099 | -25.4% |
| Intangible fixed assets | 21 | €2,495 | €1,695 | -€800 | -32.1% |
| Tangible fixed assets | 22/27 | €70,648 | €50,349 | -€20,299 | -28.7% |
| Plant, machinery and equipment | 23 | €29,914 | €20,615 | -€9,299 | -31.1% |
| Furniture and vehicles | 24 | €40,734 | €29,734 | -€11,000 | -27.0% |
| Financial fixed assets | 28 | €9,897 | €9,897 | = | 0.0% |
| Current assets | 29/58 | €556,081 | €369,113 | -€186,968 | -33.6% |
| Stocks and contracts in progress | 3 | €105,934 | €140,124 | +€34,190 | +32.3% |
| Stocks | 30/36 | €105,934 | €140,124 | +€34,190 | +32.3% |
| Amounts receivable within one year | 40/41 | €404,007 | €199,043 | -€204,964 | -50.7% |
| Trade receivables | 40 | €331,894 | €156,611 | -€175,282 | -52.8% |
| Other amounts receivable | 41 | €72,114 | €42,432 | -€29,682 | -41.2% |
| Cash at bank and in hand | 54/58 | €45,081 | €28,900 | -€16,181 | -35.9% |
| Deferred charges and accrued income | 490/1 | €1,059 | €1,045 | -€14 | -1.3% |
| Total equity and liabilities | 10/49 | €639,121 | €431,053 | -€208,067 | -32.6% |
| Equity | 10/15 | €214,581 | €218,201 | +€3,620 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €195,821 | €199,601 | +€3,780 | +1.9% |
| Tax-exempt reserves | 132 | €648 | €648 | = | 0.0% |
| Distributable reserves | 133 | €195,173 | €198,953 | +€3,780 | +1.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €160 | €0 | -€160 | -100% |
| Amounts payable | 17/49 | €424,540 | €212,853 | -€211,688 | -49.9% |
| Amounts payable after more than one year | 17 | €19,285 | €5,832 | -€13,453 | -69.8% |
| Financial debts | 170/4 | €19,285 | €5,832 | -€13,453 | -69.8% |
| Amounts payable within one year | 42/48 | €404,755 | €207,021 | -€197,734 | -48.9% |
| Current portion of amounts payable after more than one year | 42 | €16,770 | €14,511 | -€2,260 | -13.5% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €274,758 | €92,510 | -€182,248 | -66.3% |
| Suppliers | 440/4 | €274,758 | €92,510 | -€182,248 | -66.3% |
| Taxes, remuneration and social security | 45 | €13,226 | €0 | -€13,226 | -100% |
| Remuneration and social security | 454/9 | €13,226 | €0 | -€13,226 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €500 | €0 | -€500 | -100% |
| Remuneration, social security and pensions | 62 | €823,658 | €737,472 | -€86,186 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,358 | €22,583 | -€8,775 | -28.0% |
| Other operating charges | 640/8 | €10,725 | €5,062 | -€5,662 | -52.8% |
| Gross operating margin | 9900 | €883,545 | €782,233 | -€101,312 | -11.5% |
| Operating profit (loss) | 9901 | €17,803 | €17,115 | -€688 | -3.9% |
| Financial income | 75/76B | €1,947 | €872 | -€1,075 | -55.2% |
| Recurring financial income | 75 | €1,947 | €872 | -€1,075 | -55.2% |
| Financial charges | 65/66B | €9,085 | €12,456 | +€3,371 | +37.1% |
| Recurring financial charges | 65 | €9,085 | €12,456 | +€3,371 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €10,665 | €5,531 | -€5,134 | -48.1% |
| Income taxes | 67/77 | €2,508 | €1,751 | -€757 | -30.2% |
| Profit (loss) for the period | 9904 | €8,157 | €3,780 | -€4,377 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,157 | €3,780 | -€4,377 | -53.7% |
Next steps
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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 4 November 2026 via checked.be.