BUILDING WINDOWS: 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.
What changed
BUILDING WINDOWS
NACE 22.240, Manufacture of rubber and plastic products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€247,583
2024 · €1.4m-€1.2m
Equity
€5.6m
2024 · €5.8m-€217,417
Cash
€2.0m
2024 · €1.5m+€534,683
Balance sheet total
€7.0m
2024 · €8.8m-€1.8m
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-39.6%), from €3.2m to €1.9m
of which Other amounts receivable: -€1.4m
- Current investments -€745,490
down €745,490 (-100.0%), from €745,490 to €0
- Cash +€534,683
up €534,683 (+35.4%), from €1.5m to €2.0m
mainly Receivables within one year (+€1.3m) and Current investments (+€745,490)
- Tangible fixed assets -€430,532
down €430,532 (-31.5%), from €1.4m to €936,030
of which Plant, machinery and equipment: -€320,279
- Stocks and contracts +€156,234
up €156,234 (+8.3%), from €1.9m to €2.0m
Equity and liabilities
- Other debts -€1.5m
down €1.5m (-76.7%), from €2.0m to €465,000
- Reserves -€217,417
down €217,417 (-3.8%), from €5.7m to €5.5m
of which Distributable reserves: -€204,989
- Trade debts -€155,810
down €155,810 (-34.2%), from €455,472 to €299,662
- Tax, wage and social debts +€135,964
up €135,964 (+27.7%), from €490,456 to €626,420
of which Taxes: +€109,160
Income statement
- Goods and materials +€466,698
up €466,698 (+7.1%), from €6.6m to €7.0m
of which Purchases: +€707,632
- Turnover +€441,462
up €441,462 (+3.6%), from €12.2m to €12.6m
- Services and other goods +€389,357
up €389,357 (+26.1%), from €1.5m to €1.9m
- Write-downs -€334,974
down €334,974, from €8,917 to -€326,057
- Other operating charges +€268,247
up €268,247 (+300.0%), from €89,422 to €357,668
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.
Result 2024
€1.4m
Turnover
+€441,462
Other operating income
-€6,473
Goods and materials
-€466,698
Services and other goods
-€389,357
Staff costs
+€56,743
Depreciation
+€71,424
Write-downs
+€334,974
Other operating charges
-€268,247
Other operating items
-€1.3m
Financial income
+€94,646
Financial charges
+€13,947
Taxes
+€150,723
Deferred taxes and other
+€47,021
Result 2025
€247,583
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.
From operations
+€283,203
Investment
+€716,479
Financing
-€465,000
Cash 2024
€1.5m
From operations (derived)
+€283,203
Net result for the year
+€247,583
Depreciation
+€462,450
Stocks and contracts
-€156,234
Receivables within one year
+€1.3m
Deferred charges and accrued income
+€19,899
Provisions
-€4,143
Trade debts
-€155,810
Tax, wage and social debts
+€135,964
Other debts
-€1.5m
Accrued charges and deferred income
+€3,008
Investment (derived)
+€716,479
Investment in fixed assets (net)
-€29,011
Current investments
+€745,490
Financing
-€465,000
Contributions, distributions and other
-€465,000
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,803,593 | €7,031,213 | -€1.8m | -20.1% |
| Fixed assets | 21/28 | €1,369,739 | €936,300 | -€433,439 | -31.6% |
| Intangible fixed assets | 21 | €2,907 | €0 | -€2,907 | -100.0% |
| Tangible fixed assets | 22/27 | €1,366,563 | €936,030 | -€430,532 | -31.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,106,451 | €786,172 | -€320,279 | -28.9% |
| Furniture and vehicles | 24 | €260,112 | €149,858 | -€110,254 | -42.4% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Other financial fixed assets | 284/8 | €270 | €270 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €7,433,853 | €6,094,912 | -€1.3m | -18.0% |
| Stocks and contracts in progress | 3 | €1,884,234 | €2,040,468 | +€156,234 | +8.3% |
| Stocks | 30/36 | €1,884,234 | €2,040,468 | +€156,234 | +8.3% |
| Raw materials and consumables | 30/31 | €1,218,501 | €1,332,626 | +€114,125 | +9.4% |
| Work in progress | 32 | €369,681 | €291,321 | -€78,360 | -21.2% |
| Finished goods | 33 | €296,052 | €416,521 | +€120,469 | +40.7% |
| Amounts receivable within one year | 40/41 | €3,194,924 | €1,930,455 | -€1.3m | -39.6% |
| Trade receivables | 40 | €1,376,912 | €1,495,394 | +€118,482 | +8.6% |
| Other amounts receivable | 41 | €1,818,012 | €435,061 | -€1.4m | -76.1% |
| Current investments | 50/53 | €745,490 | €0 | -€745,490 | -100.0% |
| Other investments | 51/53 | €745,490 | €0 | -€745,490 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,512,370 | €2,047,053 | +€534,683 | +35.4% |
| Deferred charges and accrued income | 490/1 | €96,835 | €76,936 | -€19,899 | -20.5% |
| Total equity and liabilities | 10/49 | €8,803,593 | €7,031,213 | -€1.8m | -20.1% |
| Equity | 10/15 | €5,815,806 | €5,598,388 | -€217,417 | -3.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €5,715,806 | €5,498,388 | -€217,417 | -3.8% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €158,082 | €145,653 | -€12,428 | -7.9% |
| Distributable reserves | 133 | €5,547,724 | €5,342,735 | -€204,989 | -3.7% |
| Provisions and deferred taxes | 16 | €42,878 | €38,735 | -€4,143 | -9.7% |
| Deferred taxes | 168 | €42,878 | €38,735 | -€4,143 | -9.7% |
| Amounts payable | 17/49 | €2,944,909 | €1,394,089 | -€1.6m | -52.7% |
| Amounts payable within one year | 42/48 | €2,944,909 | €1,391,082 | -€1.6m | -52.8% |
| Trade debts | 44 | €455,472 | €299,662 | -€155,810 | -34.2% |
| Suppliers | 440/4 | €455,472 | €299,662 | -€155,810 | -34.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €490,456 | €626,420 | +€135,964 | +27.7% |
| Taxes | 450/3 | €203,463 | €312,623 | +€109,160 | +53.7% |
| Remuneration and social security | 454/9 | €286,992 | €313,797 | +€26,804 | +9.3% |
| Other amounts payable | 47/48 | €1,998,982 | €465,000 | -€1.5m | -76.7% |
| Accrued charges and deferred income | 492/3 | - | €3,008 | +€3,008 | |
| Operating income | 70/76A | €13,872,575 | €13,026,399 | -€846,176 | -6.1% |
| Turnover | 70 | €12,189,117 | €12,630,579 | +€441,462 | +3.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€36,043 | €42,109 | +€78,152 | |
| Other operating income | 74 | €344,094 | €337,621 | -€6,473 | -1.9% |
| Non-recurring operating income | 76A | €1,375,407 | €16,090 | -€1.4m | -98.8% |
| Operating charges | 60/66A | €12,222,427 | €12,883,588 | +€661,160 | +5.4% |
| Goods for resale, raw materials and consumables | 60 | €6,557,270 | €7,023,968 | +€466,698 | +7.1% |
| Purchases | 600/8 | €6,430,461 | €7,138,093 | +€707,632 | +11.0% |
| Change in stocks: decrease (increase) | 609 | €126,809 | -€114,125 | -€240,934 | |
| Services and other goods | 61 | €1,491,984 | €1,881,342 | +€389,357 | +26.1% |
| Remuneration, social security and pensions | 62 | €3,540,960 | €3,484,217 | -€56,743 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €533,874 | €462,450 | -€71,424 | -13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,917 | -€326,057 | -€334,974 | |
| Other operating charges | 640/8 | €89,422 | €357,668 | +€268,247 | +300.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €1,650,148 | €142,812 | -€1.5m | -91.3% |
| Financial income | 75/76B | €102,259 | €196,906 | +€94,646 | +92.6% |
| Recurring financial income | 75 | €102,259 | €196,906 | +€94,646 | +92.6% |
| Income from current assets | 751 | €18,015 | €66,999 | +€48,984 | +271.9% |
| Other financial income | 752/9 | €84,244 | €129,907 | +€45,663 | +54.2% |
| Financial charges | 65/66B | €59,332 | €45,385 | -€13,947 | -23.5% |
| Recurring financial charges | 65 | €59,332 | €45,385 | -€13,947 | -23.5% |
| Debt charges | 650 | €17,728 | €3,008 | -€14,720 | -83.0% |
| Other financial charges | 652/9 | €41,605 | €42,378 | +€773 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €1,693,075 | €294,332 | -€1.4m | -82.6% |
| Transfer from deferred taxes | 780 | €4,143 | €4,143 | = | 0.0% |
| Transfer to deferred taxes | 680 | €47,021 | €0 | -€47,021 | -100.0% |
| Income taxes | 67/77 | €201,615 | €50,892 | -€150,723 | -74.8% |
| Taxes | 670/3 | €201,947 | €51,871 | -€150,076 | -74.3% |
| Tax adjustments and reversals of tax provisions | 77 | €332 | €979 | +€647 | +195.1% |
| Profit (loss) for the period | 9904 | €1,448,582 | €247,583 | -€1.2m | -82.9% |
| Transfer from tax-exempt reserves | 789 | €12,428 | €12,428 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €141,062 | €0 | -€141,062 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,319,949 | €260,011 | -€1.1m | -80.3% |
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 3 October 2026 via checked.be.