AG Menuiserie: what changed
Two financial 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.
AG Menuiserie
Largest movements
- Tangible fixed assets +€23,599
up €23,599 (+9.4%), from €251,300 to €274,899
of which Land and buildings: +€33,111
- Stocks and contracts +€9,407
up €9,407 (+23.6%), from €39,783 to €49,189
- Deferred charges and accrued income -€7,126
down €7,126 (-29.6%), from €24,050 to €16,923
- Receivables within one year +€5,880
up €5,880 (+5.1%), from €116,154 to €122,035
of which Trade receivables: +€5,783
- Trade debts +€37,020
up €37,020 (+32.8%), from €112,847 to €149,867
- Other debts +€21,028
up €21,028 (+75.9%), from €27,719 to €48,746
- Debts after one year -€18,704
down €18,704 (-10.2%), from €182,851 to €164,147
of which Financial debts: -€19,153
- Tax, wage and social debts -€6,026
down €6,026 (-23.7%), from €25,424 to €19,399
of which Remuneration and social security: -€16,080
- Profit (loss) carried forward +€4,962
up €4,962 (+11.7%), from -€42,260 to -€37,298
- Gross operating margin -€44,213
down €44,213 (-34.0%), from €129,996 to €85,783
- Financial charges +€34,642
up €34,642 (+241.8%), from €14,325 to €48,966
- Staff costs -€21,068
down €21,068 (-75.6%), from €27,875 to €6,806
- Other operating charges +€5,609
up €5,609 (+284.3%), from €1,973 to €7,582
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €436,336 | €467,798 | +€31,462 | +7.2% |
| Fixed assets | 21/28 | €256,350 | €279,651 | +€23,301 | +9.1% |
| Intangible fixed assets | 21 | €3,724 | €3,427 | -€298 | -8.0% |
| Tangible fixed assets | 22/27 | €251,300 | €274,899 | +€23,599 | +9.4% |
| Land and buildings | 22 | €200,137 | €233,248 | +€33,111 | +16.5% |
| Plant, machinery and equipment | 23 | €47,793 | €41,652 | -€6,141 | -12.8% |
| Furniture and vehicles | 24 | €3,370 | - | -€3,370 | |
| Financial fixed assets | 28 | €1,325 | €1,325 | = | 0.0% |
| Current assets | 29/58 | €179,987 | €188,147 | +€8,161 | +4.5% |
| Stocks and contracts in progress | 3 | €39,783 | €49,189 | +€9,407 | +23.6% |
| Stocks | 30/36 | €39,783 | €49,189 | +€9,407 | +23.6% |
| Amounts receivable within one year | 40/41 | €116,154 | €122,035 | +€5,880 | +5.1% |
| Trade receivables | 40 | €116,033 | €121,816 | +€5,783 | +5.0% |
| Other amounts receivable | 41 | €121 | €219 | +€97 | +80.0% |
| Deferred charges and accrued income | 490/1 | €24,050 | €16,923 | -€7,126 | -29.6% |
| Total equity and liabilities | 10/49 | €436,336 | €467,798 | +€31,462 | +7.2% |
| Equity | 10/15 | €12,225 | €14,094 | +€1,870 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,260 | -€37,298 | +€4,962 | +11.7% |
| Investment grants | 15 | €34,025 | €30,932 | -€3,092 | -9.1% |
| Amounts payable | 17/49 | €424,111 | €453,704 | +€29,592 | +7.0% |
| Amounts payable after more than one year | 17 | €182,851 | €164,147 | -€18,704 | -10.2% |
| Financial debts | 170/4 | €182,851 | €163,698 | -€19,153 | -10.5% |
| Other amounts payable | 178/9 | - | €449 | +€449 | |
| Amounts payable within one year | 42/48 | €239,984 | €288,624 | +€48,641 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €22,436 | €19,153 | -€3,284 | -14.6% |
| Financial debts | 43 | €51,558 | €51,460 | -€98 | -0.2% |
| Credit institutions | 430/8 | €51,558 | €51,460 | -€98 | -0.2% |
| Trade debts | 44 | €112,847 | €149,867 | +€37,020 | +32.8% |
| Suppliers | 440/4 | €112,847 | €149,867 | +€37,020 | +32.8% |
| Taxes, remuneration and social security | 45 | €25,424 | €19,399 | -€6,026 | -23.7% |
| Taxes | 450/3 | €7,541 | €17,595 | +€10,054 | +133.3% |
| Remuneration and social security | 454/9 | €17,884 | €1,804 | -€16,080 | -89.9% |
| Other amounts payable | 47/48 | €27,719 | €48,746 | +€21,028 | +75.9% |
| Accrued charges and deferred income | 492/3 | €1,277 | €932 | -€345 | -27.0% |
| Non-recurring operating income | 76A | - | €7,949 | +€7,949 | |
| Remuneration, social security and pensions | 62 | €27,875 | €6,806 | -€21,068 | -75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,496 | €15,513 | -€984 | -6.0% |
| Other operating charges | 640/8 | €1,973 | €7,582 | +€5,609 | +284.3% |
| Non-recurring operating charges | 66A | - | €3,191 | +€3,191 | |
| Gross operating margin | 9900 | €129,996 | €85,783 | -€44,213 | -34.0% |
| Operating profit (loss) | 9901 | €83,652 | €52,691 | -€30,961 | -37.0% |
| Financial income | 75/76B | €1,472 | €1,237 | -€235 | -15.9% |
| Recurring financial income | 75 | €1,472 | €1,237 | -€235 | -15.9% |
| Financial charges | 65/66B | €14,325 | €48,966 | +€34,642 | +241.8% |
| Recurring financial charges | 65 | €14,325 | €48,966 | +€34,642 | +241.8% |
| Profit (loss) for the period before taxes | 9903 | €70,800 | €4,962 | -€65,838 | -93.0% |
| Profit (loss) for the period | 9904 | €70,800 | €4,962 | -€65,838 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,800 | €4,962 | -€65,838 | -93.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.