EF MENUISERIE: 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.
EF MENUISERIE
Largest movements
- Tangible fixed assets -€22,685
down €22,685 (-5.1%), from €444,322 to €421,638
of which Land and buildings: -€21,096
- Cash +€13,994
up €13,994 (+15.1%), from €92,481 to €106,475
mainly Depreciation (+€22,685) and Net result for the year (+€18,731)
- Receivables within one year -€7,752
down €7,752 (-28.1%), from €27,598 to €19,847
of which Other amounts receivable: -€8,175
- Debts after one year -€20,923
down €20,923 (-5.9%), from €351,913 to €330,991
- Profit (loss) carried forward +€18,731
up €18,731 (+12.4%), from €150,935 to €169,666
- Trade debts -€16,801
down €16,801 (-82.5%), from €20,364 to €3,564
- Gross operating margin -€27,105
down €27,105 (-33.0%), from €82,150 to €55,045
- Staff costs -€16,201
down €16,201, from €15,265 to -€937
- Other operating charges -€2,762
down €2,762 (-62.4%), from €4,427 to €1,665
- Taxes -€1,784
down €1,784 (-21.6%), from €8,268 to €6,484
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €564,577 | €547,959 | -€16,617 | -2.9% |
| Fixed assets | 21/28 | €444,497 | €421,638 | -€22,860 | -5.1% |
| Tangible fixed assets | 22/27 | €444,322 | €421,638 | -€22,685 | -5.1% |
| Land and buildings | 22 | €439,733 | €418,637 | -€21,096 | -4.8% |
| Plant, machinery and equipment | 23 | €4,355 | €3,000 | -€1,354 | -31.1% |
| Furniture and vehicles | 24 | €235 | - | -€235 | |
| Financial fixed assets | 28 | €175 | - | -€175 | |
| Current assets | 29/58 | €120,079 | €126,322 | +€6,242 | +5.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €27,598 | €19,847 | -€7,752 | -28.1% |
| Trade receivables | 40 | €13,727 | €14,150 | +€423 | +3.1% |
| Other amounts receivable | 41 | €13,871 | €5,697 | -€8,175 | -58.9% |
| Cash at bank and in hand | 54/58 | €92,481 | €106,475 | +€13,994 | +15.1% |
| Total equity and liabilities | 10/49 | €564,577 | €547,959 | -€16,617 | -2.9% |
| Equity | 10/15 | €160,935 | €179,666 | +€18,731 | +11.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,935 | €169,666 | +€18,731 | +12.4% |
| Amounts payable | 17/49 | €403,642 | €368,294 | -€35,348 | -8.8% |
| Amounts payable after more than one year | 17 | €351,913 | €330,991 | -€20,923 | -5.9% |
| Financial debts | 170/4 | €351,913 | €330,991 | -€20,923 | -5.9% |
| Amounts payable within one year | 42/48 | €51,179 | €36,753 | -€14,426 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €20,564 | €20,923 | +€359 | +1.7% |
| Trade debts | 44 | €20,364 | €3,564 | -€16,801 | -82.5% |
| Suppliers | 440/4 | €20,364 | €3,564 | -€16,801 | -82.5% |
| Taxes, remuneration and social security | 45 | €2,750 | €2,750 | = | 0.0% |
| Taxes | 450/3 | €2,750 | €2,750 | = | 0.0% |
| Other amounts payable | 47/48 | €7,501 | €9,517 | +€2,016 | +26.9% |
| Accrued charges and deferred income | 492/3 | €550 | €550 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €15,265 | -€937 | -€16,201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,943 | €22,685 | -€258 | -1.1% |
| Other operating charges | 640/8 | €4,427 | €1,665 | -€2,762 | -62.4% |
| Gross operating margin | 9900 | €82,150 | €55,045 | -€27,105 | -33.0% |
| Operating profit (loss) | 9901 | €39,516 | €31,632 | -€7,883 | -19.9% |
| Financial income | 75/76B | €230 | €457 | +€228 | +99.1% |
| Recurring financial income | 75 | €230 | €457 | +€228 | +99.1% |
| Financial charges | 65/66B | €7,335 | €6,875 | -€460 | -6.3% |
| Recurring financial charges | 65 | €7,335 | €6,875 | -€460 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €32,410 | €25,215 | -€7,196 | -22.2% |
| Income taxes | 67/77 | €8,268 | €6,484 | -€1,784 | -21.6% |
| Profit (loss) for the period | 9904 | €24,142 | €18,731 | -€5,412 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,142 | €18,731 | -€5,412 | -22.4% |
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 8 October 2026 via checked.be.