BALN 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.
BALN MENUISERIE
Largest movements
- Tangible fixed assets +€564,253
up €564,253 (+438%), from €128,867 to €693,120
of which Land and buildings: +€527,757
- Cash +€28,172
up €28,172 (+62.2%), from €45,264 to €73,436
mainly Debts after one year (+€519,928) and Depreciation (+€59,493)
- Receivables within one year +€20,302
up €20,302 (+37.6%), from €53,987 to €74,289
of which Trade receivables: +€21,238
- Stocks and contracts -€11,891
down €11,891 (-54.3%), from €21,891 to €10,000
- Debts after one year +€519,928
up €519,928 (+1,140%), from €45,595 to €565,523
- Trade debts +€54,827
up €54,827 (+616%), from €8,905 to €63,732
- Reserves +€30,930
up €30,930 (+24.8%), from €124,575 to €155,505
- Tax, wage and social debts +€11,884
up €11,884 (+106%), from €11,187 to €23,071
of which Remuneration and social security: +€12,945
- Other debts -€10,257
down €10,257 (-52.0%), from €19,737 to €9,480
- Gross operating margin +€85,209
up €85,209 (+69.0%), from €123,568 to €208,777
- Staff costs +€52,855
up €52,855 (+167%), from €31,578 to €84,434
- Depreciation +€32,415
up €32,415 (+120%), from €27,078 to €59,493
- Taxes -€12,005
down €12,005 (-73.5%), from €16,334 to €4,329
- Financial charges +€9,388
up €9,388 (+250%), from €3,749 to €13,137
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.
Derived cash bridge
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 | €259,221 | €857,754 | +€598,534 | +231% |
| Fixed assets | 21/28 | €129,537 | €693,790 | +€564,253 | +436% |
| Tangible fixed assets | 22/27 | €128,867 | €693,120 | +€564,253 | +438% |
| Land and buildings | 22 | €41,710 | €569,467 | +€527,757 | +1,265% |
| Plant, machinery and equipment | 23 | €2,085 | €51,443 | +€49,358 | +2,367% |
| Furniture and vehicles | 24 | €84,138 | €71,812 | -€12,326 | -14.6% |
| Leasing and similar rights | 25 | €934 | €399 | -€535 | -57.3% |
| Financial fixed assets | 28 | €670 | €670 | = | 0.0% |
| Current assets | 29/58 | €129,683 | €163,964 | +€34,281 | +26.4% |
| Stocks and contracts in progress | 3 | €21,891 | €10,000 | -€11,891 | -54.3% |
| Stocks | 30/36 | €21,891 | €10,000 | -€11,891 | -54.3% |
| Amounts receivable within one year | 40/41 | €53,987 | €74,289 | +€20,302 | +37.6% |
| Trade receivables | 40 | €40,767 | €62,005 | +€21,238 | +52.1% |
| Other amounts receivable | 41 | €13,220 | €12,284 | -€936 | -7.1% |
| Cash at bank and in hand | 54/58 | €45,264 | €73,436 | +€28,172 | +62.2% |
| Deferred charges and accrued income | 490/1 | €8,541 | €6,239 | -€2,301 | -26.9% |
| Total equity and liabilities | 10/49 | €259,221 | €857,754 | +€598,534 | +231% |
| Equity | 10/15 | €136,835 | €167,765 | +€30,930 | +22.6% |
| Contributions | 10/11 | €12,260 | €12,260 | = | 0.0% |
| Reserves | 13 | €124,575 | €155,505 | +€30,930 | +24.8% |
| Distributable reserves | 133 | €124,575 | €155,505 | +€30,930 | +24.8% |
| Amounts payable | 17/49 | €122,386 | €689,990 | +€567,604 | +464% |
| Amounts payable after more than one year | 17 | €45,595 | €565,523 | +€519,928 | +1,140% |
| Financial debts | 170/4 | €45,595 | €565,523 | +€519,928 | +1,140% |
| Amounts payable within one year | 42/48 | €75,141 | €122,792 | +€47,651 | +63.4% |
| Current portion of amounts payable after more than one year | 42 | €29,398 | €26,509 | -€2,890 | -9.8% |
| Trade debts | 44 | €8,905 | €63,732 | +€54,827 | +616% |
| Suppliers | 440/4 | €8,905 | €63,732 | +€54,827 | +616% |
| Advances received on contracts in progress | 46 | €5,913 | - | -€5,913 | |
| Taxes, remuneration and social security | 45 | €11,187 | €23,071 | +€11,884 | +106% |
| Taxes | 450/3 | €11,015 | €9,954 | -€1,061 | -9.6% |
| Remuneration and social security | 454/9 | €172 | €13,118 | +€12,945 | +7,518% |
| Other amounts payable | 47/48 | €19,737 | €9,480 | -€10,257 | -52.0% |
| Accrued charges and deferred income | 492/3 | €1,650 | €1,675 | +€25 | +1.5% |
| Remuneration, social security and pensions | 62 | €31,578 | €84,434 | +€52,855 | +167% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,078 | €59,493 | +€32,415 | +120% |
| Other operating charges | 640/8 | €1,615 | €5,989 | +€4,374 | +271% |
| Gross operating margin | 9900 | €123,568 | €208,777 | +€85,209 | +69.0% |
| Operating profit (loss) | 9901 | €63,297 | €58,861 | -€4,436 | -7.0% |
| Financial income | 75/76B | €124 | €413 | +€289 | +233% |
| Recurring financial income | 75 | €124 | €413 | +€289 | +233% |
| Financial charges | 65/66B | €3,749 | €13,137 | +€9,388 | +250% |
| Recurring financial charges | 65 | €3,749 | €13,137 | +€9,388 | +250% |
| Profit (loss) for the period before taxes | 9903 | €59,672 | €46,137 | -€13,535 | -22.7% |
| Income taxes | 67/77 | €16,334 | €4,329 | -€12,005 | -73.5% |
| Profit (loss) for the period | 9904 | €43,338 | €41,808 | -€1,530 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,338 | €41,808 | -€1,530 | -3.5% |
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 27 October 2026 via checked.be.