Denis Meubles: what changed
Denis Meubles
Largest movements
- Stocks and contracts +€36,519
up €36,519 (+23.2%), from €157,399 to €193,918
- Receivables within one year -€33,725
down €33,725 (-14.6%), from €231,467 to €197,743
of which Other amounts receivable: -€51,473
- Cash +€11,020
up €11,020 (+160%), from €6,891 to €17,911
mainly Receivables within one year (+€33,725) and Current portion of long-term debt (+€31,137)
- Tangible fixed assets -€5,907
down €5,907 (-34.0%), from €17,367 to €11,460
- Tax, wage and social debts -€42,727
down €42,727 (-33.5%), from €127,631 to €84,904
of which Taxes: -€45,263
- Current portion of long-term debt +€31,137
up €31,137 (+419%), from €7,426 to €38,563
- Profit (loss) carried forward +€20,717
up €20,717 (+17.0%), from €121,779 to €142,496
- Short-term financial debts -€9,666
down €9,666 (-24.4%), from €39,629 to €29,963
- Debts after one year +€4,912
up €4,912 (+109%), from €4,488 to €9,401
- Turnover -€84,791
down €84,791 (-10.8%), from €786,598 to €701,807
- Taxes -€17,817
down €17,817 (-76.8%), from €23,192 to €5,375
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €427,355 | €435,039 | +€7,685 | +1.8% |
| Fixed assets | 21/28 | €30,867 | €24,960 | -€5,907 | -19.1% |
| Tangible fixed assets | 22/27 | €17,367 | €11,460 | -€5,907 | -34.0% |
| Furniture and vehicles | 24 | €17,367 | €11,460 | -€5,907 | -34.0% |
| Financial fixed assets | 28 | €13,500 | €13,500 | = | 0.0% |
| Current assets | 29/58 | €396,488 | €410,079 | +€13,591 | +3.4% |
| Stocks and contracts in progress | 3 | €157,399 | €193,918 | +€36,519 | +23.2% |
| Stocks | 30/36 | €157,399 | €193,918 | +€36,519 | +23.2% |
| Amounts receivable within one year | 40/41 | €231,467 | €197,743 | -€33,725 | -14.6% |
| Trade receivables | 40 | €137,446 | €155,195 | +€17,749 | +12.9% |
| Other amounts receivable | 41 | €94,021 | €42,548 | -€51,473 | -54.7% |
| Cash at bank and in hand | 54/58 | €6,891 | €17,911 | +€11,020 | +160% |
| Deferred charges and accrued income | 490/1 | €730 | €507 | -€224 | -30.6% |
| Total equity and liabilities | 10/49 | €427,355 | €435,039 | +€7,685 | +1.8% |
| Equity | 10/15 | €142,239 | €162,956 | +€20,717 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,779 | €142,496 | +€20,717 | +17.0% |
| Amounts payable | 17/49 | €285,115 | €272,083 | -€13,032 | -4.6% |
| Amounts payable after more than one year | 17 | €4,488 | €9,401 | +€4,912 | +109% |
| Financial debts | 170/4 | €4,488 | €9,401 | +€4,912 | +109% |
| Amounts payable within one year | 42/48 | €280,627 | €262,682 | -€17,945 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €7,426 | €38,563 | +€31,137 | +419% |
| Financial debts | 43 | €39,629 | €29,963 | -€9,666 | -24.4% |
| Credit institutions | 430/8 | €39,629 | €29,963 | -€9,666 | -24.4% |
| Trade debts | 44 | €105,941 | €109,253 | +€3,312 | +3.1% |
| Suppliers | 440/4 | €105,941 | €109,253 | +€3,312 | +3.1% |
| Taxes, remuneration and social security | 45 | €127,631 | €84,904 | -€42,727 | -33.5% |
| Taxes | 450/3 | €117,252 | €71,989 | -€45,263 | -38.6% |
| Remuneration and social security | 454/9 | €10,379 | €12,915 | +€2,536 | +24.4% |
| Turnover | 70 | €786,598 | €701,807 | -€84,791 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475 | €5,907 | +€5,432 | +1,145% |
| Other operating charges | 640/8 | €5,719 | €1,545 | -€4,174 | -73.0% |
| Gross operating margin | 9900 | €40,509 | €36,491 | -€4,018 | -9.9% |
| Operating profit (loss) | 9901 | €34,315 | €29,040 | -€5,276 | -15.4% |
| Financial income | 75/76B | €4,591 | €3,539 | -€1,052 | -22.9% |
| Recurring financial income | 75 | €4,591 | €3,539 | -€1,052 | -22.9% |
| Financial charges | 65/66B | €9,441 | €6,487 | -€2,954 | -31.3% |
| Recurring financial charges | 65 | €9,441 | €6,487 | -€2,954 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €29,465 | €26,092 | -€3,373 | -11.4% |
| Income taxes | 67/77 | €23,192 | €5,375 | -€17,817 | -76.8% |
| Profit (loss) for the period | 9904 | €6,273 | €20,717 | +€14,444 | +230% |
| Profit (loss) for the period to be appropriated | 9905 | €6,273 | €20,717 | +€14,444 | +230% |
Next steps
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 6 November 2026 via checked.be.