DS 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.
DS MENUISERIE
Largest movements
- Tangible fixed assets -€26,852
down €26,852 (-31.2%), from €85,943 to €59,091
of which Leasing and similar rights: -€24,707
- Cash +€9,004
up €9,004 (+166%), from €5,429 to €14,433
mainly Depreciation (+€29,551) and Advances received (+€7,678)
- Receivables within one year -€3,400
down €3,400 (-19.6%), from €17,374 to €13,975
of which Trade receivables: -€3,188
- Stocks and contracts +€3,115
up €3,115 (+14.4%), from €21,634 to €24,749
- Debts after one year -€29,093
down €29,093 (-53.7%), from €54,181 to €25,088
- Trade debts -€9,136
down €9,136 (-63.9%), from €14,306 to €5,171
- Advances received +€7,678
new in 2025: €7,678
- Reserves +€6,501
up €6,501 (+117%), from €5,562 to €12,063
- Tax, wage and social debts +€3,421
up €3,421 (+234%), from €1,464 to €4,885
- Gross operating margin +€16,003
up €16,003 (+48.3%), from €33,130 to €49,133
- Taxes +€4,432
up €4,432 (+420%), from €1,055 to €5,487
- Financial charges -€1,435
down €1,435 (-21.0%), from €6,846 to €5,411
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 | €133,234 | €113,576 | -€19,659 | -14.8% |
| Fixed assets | 21/28 | €87,382 | €59,201 | -€28,182 | -32.3% |
| Intangible fixed assets | 21 | €1,440 | €110 | -€1,330 | -92.4% |
| Tangible fixed assets | 22/27 | €85,943 | €59,091 | -€26,852 | -31.2% |
| Land and buildings | 22 | €18,621 | €16,059 | -€2,562 | -13.8% |
| Plant, machinery and equipment | 23 | €1,079 | €1,789 | +€709 | +65.7% |
| Furniture and vehicles | 24 | €316 | €24 | -€292 | -92.4% |
| Leasing and similar rights | 25 | €65,926 | €41,219 | -€24,707 | -37.5% |
| Current assets | 29/58 | €45,852 | €54,375 | +€8,523 | +18.6% |
| Stocks and contracts in progress | 3 | €21,634 | €24,749 | +€3,115 | +14.4% |
| Stocks | 30/36 | €21,634 | €24,749 | +€3,115 | +14.4% |
| Amounts receivable within one year | 40/41 | €17,374 | €13,975 | -€3,400 | -19.6% |
| Trade receivables | 40 | €7,365 | €4,177 | -€3,188 | -43.3% |
| Other amounts receivable | 41 | €10,009 | €9,798 | -€211 | -2.1% |
| Cash at bank and in hand | 54/58 | €5,429 | €14,433 | +€9,004 | +166% |
| Deferred charges and accrued income | 490/1 | €1,414 | €1,218 | -€196 | -13.9% |
| Total equity and liabilities | 10/49 | €133,234 | €113,576 | -€19,659 | -14.8% |
| Equity | 10/15 | €22,903 | €29,404 | +€6,501 | +28.4% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €5,562 | €12,063 | +€6,501 | +117% |
| Distributable reserves | 133 | €5,562 | €12,063 | +€6,501 | +117% |
| Profit (loss) carried forward | 14 | €9,341 | €9,341 | = | 0.0% |
| Amounts payable | 17/49 | €110,331 | €84,171 | -€26,160 | -23.7% |
| Amounts payable after more than one year | 17 | €54,181 | €25,088 | -€29,093 | -53.7% |
| Financial debts | 170/4 | €54,181 | €25,088 | -€29,093 | -53.7% |
| Amounts payable within one year | 42/48 | €54,764 | €56,359 | +€1,594 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €29,596 | €29,093 | -€503 | -1.7% |
| Trade debts | 44 | €14,306 | €5,171 | -€9,136 | -63.9% |
| Suppliers | 440/4 | €14,306 | €5,171 | -€9,136 | -63.9% |
| Advances received on contracts in progress | 46 | - | €7,678 | +€7,678 | |
| Taxes, remuneration and social security | 45 | €1,464 | €4,885 | +€3,421 | +234% |
| Taxes | 450/3 | €1,464 | €4,885 | +€3,421 | +234% |
| Other amounts payable | 47/48 | €9,398 | €9,532 | +€134 | +1.4% |
| Accrued charges and deferred income | 492/3 | €1,386 | €2,724 | +€1,339 | +96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,743 | €29,551 | -€192 | -0.6% |
| Other operating charges | 640/8 | €1,728 | €2,183 | +€455 | +26.3% |
| Gross operating margin | 9900 | €33,130 | €49,133 | +€16,003 | +48.3% |
| Operating profit (loss) | 9901 | €1,659 | €17,399 | +€15,740 | +949% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €6,846 | €5,411 | -€1,435 | -21.0% |
| Recurring financial charges | 65 | €6,846 | €5,411 | -€1,435 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,184 | €11,988 | +€17,172 | |
| Income taxes | 67/77 | €1,055 | €5,487 | +€4,432 | +420% |
| Profit (loss) for the period | 9904 | -€6,239 | €6,501 | +€12,740 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,239 | €6,501 | +€12,740 |
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.