Cenci Menuiserie: what changed
What changed
Cenci Menuiserie
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€70,882
2024 · €22,660+€48,222
Equity
€14,224
2024 · €5,000+€9,224
Cash
€129,320
2024 · €20,265+€109,055
Balance sheet total
€540,130
2024 · €194,000+€346,130
Largest movements
Assets
- Tangible fixed assets +€173,399
up €173,399 (+253%), from €68,533 to €241,932
of which Plant, machinery and equipment: +€148,805
- Cash +€109,055
up €109,055 (+538%), from €20,265 to €129,320
mainly Debts after one year (+€140,965) and Advances received (+€93,948)
- Receivables within one year +€42,735
up €42,735 (+47.7%), from €89,647 to €132,382
of which Other amounts receivable: +€29,495
- Financial fixed assets +€10,500
up €10,500 (+233%), from €4,500 to €15,000
Equity and liabilities
- Debts after one year +€140,965
up €140,965 (+212%), from €66,482 to €207,447
- Advances received +€93,948
up €93,948 (+24,887%), from €378 to €94,326
- Trade debts +€39,892
up €39,892 (+92.8%), from €42,993 to €82,885
- Tax, wage and social debts +€30,466
up €30,466 (+56.4%), from €54,049 to €84,516
of which Taxes: +€24,233
- Current portion of long-term debt +€26,791
up €26,791 (+109%), from €24,559 to €51,350
Income statement
- Gross operating margin +€161,337
up €161,337 (+86.3%), from €186,863 to €348,200
- Staff costs +€62,657
up €62,657 (+51.6%), from €121,356 to €184,013
- Taxes +€23,067
up €23,067 (+144%), from €15,986 to €39,053
- Depreciation +€16,987
up €16,987 (+82.0%), from €20,716 to €37,703
- Financial charges +€5,769
up €5,769 (+140%), from €4,115 to €9,885
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
€22,660
Gross operating margin
+€161,337
Staff costs
-€62,657
Depreciation
-€16,987
Other operating charges
-€1,489
Financial income
-€70
Financial charges
-€5,769
Taxes
-€23,067
Deferred taxes and other
-€3,075
Result 2025
€70,882
raises the resultlowers the resultnot broken down further in the accounts
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
+€224,559
Investment
-€221,603
Financing
+€106,098
Cash 2024
€20,265
From operations (derived)
+€224,559
Net result for the year
+€70,882
Depreciation
+€37,703
Stocks and contracts
-€5,296
Receivables within one year
-€42,735
Deferred charges and accrued income
-€5,145
Provisions
+€3,075
Trade debts
+€39,892
Tax, wage and social debts
+€30,466
Advances received
+€93,948
Accrued charges and deferred income
+€1,768
Investment (derived)
-€221,603
Investment in fixed assets (net)
-€221,603
Financing
+€106,098
Debts after one year
+€140,965
Current portion of long-term debt
+€26,791
Contributions, distributions and other
-€61,658
Cash 2025
€129,320
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,000 | €540,130 | +€346,130 | +178% |
| Fixed assets | 21/28 | €73,033 | €256,932 | +€183,899 | +252% |
| Tangible fixed assets | 22/27 | €68,533 | €241,932 | +€173,399 | +253% |
| Plant, machinery and equipment | 23 | €0 | €148,805 | +€148,805 | |
| Furniture and vehicles | 24 | €51,297 | €34,923 | -€16,374 | -31.9% |
| Leasing and similar rights | 25 | €0 | €33,006 | +€33,006 | |
| Other tangible fixed assets | 26 | €17,236 | €25,199 | +€7,963 | +46.2% |
| Financial fixed assets | 28 | €4,500 | €15,000 | +€10,500 | +233% |
| Current assets | 29/58 | €120,967 | €283,198 | +€162,231 | +134% |
| Stocks and contracts in progress | 3 | €8,368 | €13,664 | +€5,296 | +63.3% |
| Stocks | 30/36 | €8,368 | €13,664 | +€5,296 | +63.3% |
| Amounts receivable within one year | 40/41 | €89,647 | €132,382 | +€42,735 | +47.7% |
| Trade receivables | 40 | €74,550 | €87,789 | +€13,240 | +17.8% |
| Other amounts receivable | 41 | €15,098 | €44,593 | +€29,495 | +195% |
| Cash at bank and in hand | 54/58 | €20,265 | €129,320 | +€109,055 | +538% |
| Deferred charges and accrued income | 490/1 | €2,687 | €7,832 | +€5,145 | +191% |
| Total equity and liabilities | 10/49 | €194,000 | €540,130 | +€346,130 | +178% |
| Equity | 10/15 | €5,000 | €14,224 | +€9,224 | +184% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €9,224 | +€9,224 | |
| Tax-exempt reserves | 132 | - | €9,224 | +€9,224 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €3,075 | +€3,075 | |
| Deferred taxes | 168 | - | €3,075 | +€3,075 | |
| Amounts payable | 17/49 | €189,000 | €522,831 | +€333,831 | +177% |
| Amounts payable after more than one year | 17 | €66,482 | €207,447 | +€140,965 | +212% |
| Financial debts | 170/4 | €66,482 | €207,447 | +€140,965 | +212% |
| Amounts payable within one year | 42/48 | €121,979 | €313,076 | +€191,098 | +157% |
| Current portion of amounts payable after more than one year | 42 | €24,559 | €51,350 | +€26,791 | +109% |
| Trade debts | 44 | €42,993 | €82,885 | +€39,892 | +92.8% |
| Suppliers | 440/4 | €42,993 | €82,885 | +€39,892 | +92.8% |
| Advances received on contracts in progress | 46 | €378 | €94,326 | +€93,948 | +24,887% |
| Taxes, remuneration and social security | 45 | €54,049 | €84,516 | +€30,466 | +56.4% |
| Taxes | 450/3 | €52,849 | €77,082 | +€24,233 | +45.9% |
| Remuneration and social security | 454/9 | €1,200 | €7,434 | +€6,234 | +519% |
| Accrued charges and deferred income | 492/3 | €539 | €2,307 | +€1,768 | +328% |
| Remuneration, social security and pensions | 62 | €121,356 | €184,013 | +€62,657 | +51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,716 | €37,703 | +€16,987 | +82.0% |
| Other operating charges | 640/8 | €2,500 | €3,989 | +€1,489 | +59.6% |
| Gross operating margin | 9900 | €186,863 | €348,200 | +€161,337 | +86.3% |
| Operating profit (loss) | 9901 | €42,291 | €122,494 | +€80,203 | +190% |
| Financial income | 75/76B | €471 | €401 | -€70 | -14.8% |
| Recurring financial income | 75 | €68 | €401 | +€333 | +489% |
| Non-recurring financial income | 76B | €403 | €0 | -€403 | -100% |
| Financial charges | 65/66B | €4,115 | €9,885 | +€5,769 | +140% |
| Recurring financial charges | 65 | €4,115 | €9,885 | +€5,769 | +140% |
| Profit (loss) for the period before taxes | 9903 | €38,646 | €113,010 | +€74,364 | +192% |
| Transfer from deferred taxes | 780 | - | €262 | +€262 | |
| Transfer to deferred taxes | 680 | - | €3,337 | +€3,337 | |
| Income taxes | 67/77 | €15,986 | €39,053 | +€23,067 | +144% |
| Profit (loss) for the period | 9904 | €22,660 | €70,882 | +€48,222 | +213% |
| Transfer from tax-exempt reserves | 789 | - | €786 | +€786 | |
| Transfer to tax-exempt reserves | 689 | - | €10,010 | +€10,010 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,660 | €61,658 | +€38,998 | +172% |
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 5 November 2026 via checked.be.