EXCELLENT 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.
EXCELLENT MENUISERIE
Largest movements
- Receivables within one year -€12,901
down €12,901 (-69.3%), from €18,629 to €5,728
of which Trade receivables: -€15,330
- Deferred charges and accrued income +€6,950
up €6,950 (+141%), from €4,932 to €11,882
- Tangible fixed assets -€5,532
down €5,532 (-34.3%), from €16,136 to €10,603
- Cash +€5,214
up €5,214 (+59.5%), from €8,757 to €13,972
mainly Receivables within one year (+€12,901) and Depreciation (+€5,532)
- Debts after one year -€6,807
down €6,807 (-48.5%), from €14,023 to €7,215
- Trade debts -€4,613
down €4,613 (-98.4%), from €4,687 to €74
- Profit (loss) carried forward +€3,917
up €3,917 (+16.7%), from €23,452 to €27,369
- Tax, wage and social debts +€1,233
up €1,233 (+66.3%), from €1,859 to €3,092
- Gross operating margin +€4,181
up €4,181 (+11.4%), from €36,612 to €40,793
- Financial charges +€1,293
up €1,293 (+115%), from €1,129 to €2,422
- Staff costs +€876
up €876 (+3.4%), from €25,741 to €26,618
- Taxes +€426
up €426 (+39.8%), from €1,070 to €1,496
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,454 | €42,184 | -€6,270 | -12.9% |
| Fixed assets | 21/28 | €16,136 | €10,603 | -€5,532 | -34.3% |
| Tangible fixed assets | 22/27 | €16,136 | €10,603 | -€5,532 | -34.3% |
| Furniture and vehicles | 24 | €16,136 | €10,603 | -€5,532 | -34.3% |
| Current assets | 29/58 | €32,319 | €31,581 | -€738 | -2.3% |
| Amounts receivable within one year | 40/41 | €18,629 | €5,728 | -€12,901 | -69.3% |
| Trade receivables | 40 | €15,330 | €0 | -€15,330 | -100% |
| Other amounts receivable | 41 | €3,299 | €5,728 | +€2,429 | +73.6% |
| Cash at bank and in hand | 54/58 | €8,757 | €13,972 | +€5,214 | +59.5% |
| Deferred charges and accrued income | 490/1 | €4,932 | €11,882 | +€6,950 | +141% |
| Total equity and liabilities | 10/49 | €48,454 | €42,184 | -€6,270 | -12.9% |
| Equity | 10/15 | €23,452 | €27,369 | +€3,917 | +16.7% |
| Profit (loss) carried forward | 14 | €23,452 | €27,369 | +€3,917 | +16.7% |
| Amounts payable | 17/49 | €25,002 | €14,815 | -€10,187 | -40.7% |
| Amounts payable after more than one year | 17 | €14,023 | €7,215 | -€6,807 | -48.5% |
| Financial debts | 170/4 | €14,023 | €7,215 | -€6,807 | -48.5% |
| Amounts payable within one year | 42/48 | €10,979 | €7,600 | -€3,380 | -30.8% |
| Trade debts | 44 | €4,687 | €74 | -€4,613 | -98.4% |
| Suppliers | 440/4 | €4,687 | €74 | -€4,613 | -98.4% |
| Taxes, remuneration and social security | 45 | €1,859 | €3,092 | +€1,233 | +66.3% |
| Remuneration and social security | 454/9 | €1,859 | €3,092 | +€1,233 | +66.3% |
| Other amounts payable | 47/48 | €4,434 | €4,434 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €25,741 | €26,618 | +€876 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,532 | €5,532 | = | 0.0% |
| Other operating charges | 640/8 | €595 | €808 | +€213 | +35.8% |
| Gross operating margin | 9900 | €36,612 | €40,793 | +€4,181 | +11.4% |
| Operating profit (loss) | 9901 | €4,743 | €7,835 | +€3,092 | +65.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,129 | €2,422 | +€1,293 | +115% |
| Recurring financial charges | 65 | €1,129 | €2,422 | +€1,293 | +115% |
| Profit (loss) for the period before taxes | 9903 | €3,613 | €5,413 | +€1,799 | +49.8% |
| Income taxes | 67/77 | €1,070 | €1,496 | +€426 | +39.8% |
| Profit (loss) for the period | 9904 | €2,544 | €3,917 | +€1,373 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,544 | €3,917 | +€1,373 | +54.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.