CM 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.
CM MENUISERIE
Largest movements
- Tangible fixed assets +€173,071
up €173,071 (+275%), from €62,855 to €235,927
of which Land and buildings: +€162,491
- Cash +€59,439
up €59,439 (+65.4%), from €90,895 to €150,334
mainly Debts after one year (+€210,766) and Depreciation (+€41,017)
- Financial fixed assets +€13,241
new in 2025: €13,241
- Stocks and contracts -€9,069
down €9,069 (-63.1%), from €14,369 to €5,300
- Receivables within one year +€5,685
up €5,685 (+14.2%), from €39,997 to €45,682
of which Trade receivables: +€5,836
- Debts after one year +€210,766
up €210,766 (+649%), from €32,461 to €243,227
- Reserves +€32,000
up €32,000 (+32.3%), from €99,000 to €131,000
- Trade debts -€16,188
down €16,188 (-56.9%), from €28,452 to €12,264
- Current portion of long-term debt +€13,458
up €13,458 (+78.9%), from €17,047 to €30,505
- Gross operating margin +€32,642
up €32,642 (+31.6%), from €103,390 to €136,032
- Staff costs +€32,156
up €32,156 (+171%), from €18,842 to €50,998
- Depreciation +€22,025
up €22,025 (+116%), from €18,992 to €41,017
- Taxes -€7,421
down €7,421 (-58.9%), from €12,607 to €5,186
- Financial charges +€2,648
up €2,648 (+111%), from €2,391 to €5,039
of which Financial charges: +€2,730
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 | €209,790 | €452,621 | +€242,832 | +116% |
| Fixed assets | 21/28 | €62,855 | €249,168 | +€186,312 | +296% |
| Tangible fixed assets | 22/27 | €62,855 | €235,927 | +€173,071 | +275% |
| Land and buildings | 22 | - | €162,491 | +€162,491 | |
| Plant, machinery and equipment | 23 | €41,984 | €37,645 | -€4,338 | -10.3% |
| Furniture and vehicles | 24 | €17,780 | €22,681 | +€4,901 | +27.6% |
| Other tangible fixed assets | 26 | €3,091 | €1,930 | -€1,161 | -37.6% |
| Assets under construction and advance payments | 27 | - | €11,179 | +€11,179 | |
| Financial fixed assets | 28 | - | €13,241 | +€13,241 | |
| Current assets | 29/58 | €146,934 | €203,454 | +€56,520 | +38.5% |
| Stocks and contracts in progress | 3 | €14,369 | €5,300 | -€9,069 | -63.1% |
| Stocks | 30/36 | €14,369 | €5,300 | -€9,069 | -63.1% |
| Amounts receivable within one year | 40/41 | €39,997 | €45,682 | +€5,685 | +14.2% |
| Trade receivables | 40 | €28,962 | €34,798 | +€5,836 | +20.2% |
| Other amounts receivable | 41 | €11,035 | €10,884 | -€151 | -1.4% |
| Cash at bank and in hand | 54/58 | €90,895 | €150,334 | +€59,439 | +65.4% |
| Deferred charges and accrued income | 490/1 | €1,673 | €2,138 | +€465 | +27.8% |
| Total equity and liabilities | 10/49 | €209,790 | €452,621 | +€242,832 | +116% |
| Equity | 10/15 | €112,580 | €143,958 | +€31,377 | +27.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €99,000 | €131,000 | +€32,000 | +32.3% |
| Distributable reserves | 133 | €99,000 | €131,000 | +€32,000 | +32.3% |
| Profit (loss) carried forward | 14 | €687 | €549 | -€138 | -20.1% |
| Investment grants | 15 | €2,893 | €2,409 | -€485 | -16.8% |
| Amounts payable | 17/49 | €97,210 | €308,664 | +€211,454 | +218% |
| Amounts payable after more than one year | 17 | €32,461 | €243,227 | +€210,766 | +649% |
| Financial debts | 170/4 | €32,461 | €243,227 | +€210,766 | +649% |
| Amounts payable within one year | 42/48 | €64,749 | €65,437 | +€688 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €17,047 | €30,505 | +€13,458 | +78.9% |
| Financial debts | 43 | €2,198 | €2,208 | +€10 | +0.5% |
| Credit institutions | 430/8 | €2,198 | €2,208 | +€10 | +0.5% |
| Trade debts | 44 | €28,452 | €12,264 | -€16,188 | -56.9% |
| Suppliers | 440/4 | €28,452 | €12,264 | -€16,188 | -56.9% |
| Advances received on contracts in progress | 46 | - | €4,256 | +€4,256 | |
| Taxes, remuneration and social security | 45 | €11,361 | €12,896 | +€1,535 | +13.5% |
| Taxes | 450/3 | €3,607 | €3,791 | +€184 | +5.1% |
| Remuneration and social security | 454/9 | €7,754 | €9,106 | +€1,351 | +17.4% |
| Other amounts payable | 47/48 | €5,690 | €3,308 | -€2,383 | -41.9% |
| Remuneration, social security and pensions | 62 | €18,842 | €50,998 | +€32,156 | +171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,992 | €41,017 | +€22,025 | +116% |
| Other operating charges | 640/8 | €159 | €831 | +€671 | +421% |
| Gross operating margin | 9900 | €103,390 | €136,032 | +€32,642 | +31.6% |
| Operating profit (loss) | 9901 | €65,397 | €43,187 | -€22,210 | -34.0% |
| Financial income | 75/76B | €1,020 | €501 | -€520 | -50.9% |
| Recurring financial income | 75 | €1,020 | €501 | -€520 | -50.9% |
| Financial charges | 65/66B | €2,391 | €5,039 | +€2,648 | +111% |
| Recurring financial charges | 65 | €2,309 | €5,039 | +€2,730 | +118% |
| Non-recurring financial charges | 66B | €81 | - | -€81 | |
| Profit (loss) for the period before taxes | 9903 | €64,026 | €38,648 | -€25,378 | -39.6% |
| Income taxes | 67/77 | €12,607 | €5,186 | -€7,421 | -58.9% |
| Profit (loss) for the period | 9904 | €51,420 | €33,462 | -€17,958 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,420 | €33,462 | -€17,958 | -34.9% |
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 16 October 2026 via checked.be.