EXTREMIS: 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.
What changed
EXTREMIS
NACE 31.009, Manufacture of furniture
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€326,122
2024 · €82,031+€244,091
Equity
€4.0m
2024 · €3.6m+€326,122
Cash
€397,928
2024 · €810,154-€412,225
Balance sheet total
€6.1m
2024 · €7.1m-€1.0m
Largest movements
Assets
- Receivables within one year -€1.2m
down €1.2m (-67.0%), from €1.8m to €609,009
of which Other amounts receivable: -€720,178
- Financial fixed assets +€655,591
up €655,591 (+131.0%), from €500,468 to €1.2m
- Cash -€412,225
down €412,225 (-50.9%), from €810,154 to €397,928
mainly Short-term financial debts (-€1.3m) and Investment in fixed assets (net) (-€1.2m)
- Tangible fixed assets +€116,599
up €116,599 (+38.6%), from €302,190 to €418,789
of which Plant, machinery and equipment: +€119,486
- Deferred charges and accrued income -€73,895
down €73,895 (-71.3%), from €103,639 to €29,744
Equity and liabilities
- Short-term financial debts -€1.3m
down €1.3m (-86.9%), from €1.5m to €200,000
- Reserves +€326,122
up €326,122 (+9.4%), from €3.5m to €3.8m
of which Distributable reserves: +€326,122
- Current portion of long-term debt +€126,113
up €126,113 (+82.9%), from €152,209 to €278,322
- Advances received -€103,300
down €103,300 (-20.4%), from €505,280 to €401,980
Income statement
- Turnover -€2.0m
down €2.0m (-15.4%), from €12.9m to €10.9m
- Services and other goods -€638,977
down €638,977 (-12.9%), from €4.9m to €4.3m
- Goods and materials -€449,374
down €449,374 (-8.9%), from €5.1m to €4.6m
of which Purchases: -€328,740
- Other operating income +€281,266
up €281,266 (+112.6%), from €249,802 to €531,069
- Staff costs -€180,404
down €180,404 (-8.9%), from €2.0m to €1.9m
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.
Result 2024
€82,031
Turnover
-€2.0m
Other operating income
+€281,266
Goods and materials
+€449,374
Services and other goods
+€638,977
Staff costs
+€180,404
Depreciation
+€109,691
Write-downs
-€28,247
Other operating charges
+€25,019
Other operating items
+€506,087
Financial income
+€11,644
Financial charges
+€55,595
Taxes
+€266
Result 2025
€326,122
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.
From operations
+€1.9m
Investment
-€1.2m
Financing
-€1.2m
Cash 2024
€810,154
From operations (derived)
+€1.9m
Net result for the year
+€326,122
Depreciation
+€396,307
Stocks and contracts
+€61,329
Receivables within one year
+€1.2m
Deferred charges and accrued income
+€73,895
Trade debts
-€6,292
Tax, wage and social debts
-€23,510
Advances received
-€103,300
Accrued charges and deferred income
-€22,101
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
-€1.2m
Debts after one year
+€21,678
Current portion of long-term debt
+€126,113
Short-term financial debts
-€1.3m
Cash 2025
€397,928
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,099,714 | €6,093,424 | -€1.0m | -14.2% |
| Fixed assets | 21/28 | €1,379,083 | €2,159,476 | +€780,393 | +56.6% |
| Intangible fixed assets | 21 | €576,425 | €584,629 | +€8,204 | +1.4% |
| Tangible fixed assets | 22/27 | €302,190 | €418,789 | +€116,599 | +38.6% |
| Plant, machinery and equipment | 23 | €62,873 | €182,359 | +€119,486 | +190.0% |
| Furniture and vehicles | 24 | €29,073 | €27,030 | -€2,043 | -7.0% |
| Other tangible fixed assets | 26 | €210,244 | €209,400 | -€844 | -0.4% |
| Financial fixed assets | 28 | €500,468 | €1,156,059 | +€655,591 | +131.0% |
| Affiliated companies | 280/1 | €500,468 | €1,156,059 | +€655,591 | +131.0% |
| Participating interests | 280 | €500,468 | €500,468 | = | 0.0% |
| Amounts receivable | 281 | €0 | €655,591 | +€655,591 | |
| Current assets | 29/58 | €5,720,631 | €3,933,948 | -€1.8m | -31.2% |
| Stocks and contracts in progress | 3 | €2,958,596 | €2,897,267 | -€61,329 | -2.1% |
| Stocks | 30/36 | €2,958,596 | €2,897,267 | -€61,329 | -2.1% |
| Raw materials and consumables | 30/31 | €834,580 | €736,068 | -€98,512 | -11.8% |
| Work in progress | 32 | €656,980 | €763,757 | +€106,777 | +16.3% |
| Finished goods | 33 | €1,365,179 | €1,353,732 | -€11,446 | -0.8% |
| Advance payments | 36 | €101,857 | €43,710 | -€58,148 | -57.1% |
| Amounts receivable within one year | 40/41 | €1,848,243 | €609,009 | -€1.2m | -67.0% |
| Trade receivables | 40 | €873,790 | €354,734 | -€519,056 | -59.4% |
| Other amounts receivable | 41 | €974,453 | €254,275 | -€720,178 | -73.9% |
| Cash at bank and in hand | 54/58 | €810,154 | €397,928 | -€412,225 | -50.9% |
| Deferred charges and accrued income | 490/1 | €103,639 | €29,744 | -€73,895 | -71.3% |
| Total equity and liabilities | 10/49 | €7,099,714 | €6,093,424 | -€1.0m | -14.2% |
| Equity | 10/15 | €3,630,192 | €3,956,315 | +€326,122 | +9.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €3,480,192 | €3,806,315 | +€326,122 | +9.4% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €3,465,192 | €3,791,315 | +€326,122 | +9.4% |
| Amounts payable | 17/49 | €3,469,522 | €2,137,110 | -€1.3m | -38.4% |
| Amounts payable after more than one year | 17 | €128,322 | €150,000 | +€21,678 | +16.9% |
| Financial debts | 170/4 | €128,322 | €150,000 | +€21,678 | +16.9% |
| Credit institutions | 173 | €128,322 | €150,000 | +€21,678 | +16.9% |
| Amounts payable within one year | 42/48 | €3,316,842 | €1,984,853 | -€1.3m | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €152,209 | €278,322 | +€126,113 | +82.9% |
| Financial debts | 43 | €1,525,000 | €200,000 | -€1.3m | -86.9% |
| Credit institutions | 430/8 | €1,525,000 | €200,000 | -€1.3m | -86.9% |
| Trade debts | 44 | €964,965 | €958,673 | -€6,292 | -0.7% |
| Suppliers | 440/4 | €964,965 | €958,673 | -€6,292 | -0.7% |
| Advances received on contracts in progress | 46 | €505,280 | €401,980 | -€103,300 | -20.4% |
| Taxes, remuneration and social security | 45 | €169,388 | €145,878 | -€23,510 | -13.9% |
| Taxes | 450/3 | €295 | €0 | -€295 | -100.0% |
| Remuneration and social security | 454/9 | €169,093 | €145,878 | -€23,215 | -13.7% |
| Accrued charges and deferred income | 492/3 | €24,358 | €2,257 | -€22,101 | -90.7% |
| Operating income | 70/76A | €12,748,841 | €11,543,444 | -€1.2m | -9.5% |
| Turnover | 70 | €12,900,125 | €10,914,139 | -€2.0m | -15.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€401,086 | €95,330 | +€496,416 | |
| Other operating income | 74 | €249,802 | €531,069 | +€281,266 | +112.6% |
| Non-recurring operating income | 76A | - | €2,905 | +€2,905 | |
| Operating charges | 60/66A | €12,569,827 | €11,187,844 | -€1.4m | -11.0% |
| Goods for resale, raw materials and consumables | 60 | €5,075,762 | €4,626,388 | -€449,374 | -8.9% |
| Purchases | 600/8 | €4,856,615 | €4,527,876 | -€328,740 | -6.8% |
| Change in stocks: decrease (increase) | 609 | €219,147 | €98,512 | -€120,635 | -55.0% |
| Services and other goods | 61 | €4,943,750 | €4,304,773 | -€638,977 | -12.9% |
| Remuneration, social security and pensions | 62 | €2,032,799 | €1,852,395 | -€180,404 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €505,998 | €396,307 | -€109,691 | -21.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,247 | €0 | +€28,247 | |
| Other operating charges | 640/8 | €33,000 | €7,981 | -€25,019 | -75.8% |
| Non-recurring operating charges | 66A | €6,765 | €0 | -€6,765 | -100.0% |
| Operating profit (loss) | 9901 | €179,014 | €355,600 | +€176,586 | +98.6% |
| Financial income | 75/76B | €51,492 | €63,136 | +€11,644 | +22.6% |
| Recurring financial income | 75 | €51,492 | €63,136 | +€11,644 | +22.6% |
| Income from current assets | 751 | €30,379 | €27,415 | -€2,964 | -9.8% |
| Other financial income | 752/9 | €21,113 | €35,721 | +€14,608 | +69.2% |
| Financial charges | 65/66B | €146,587 | €90,991 | -€55,595 | -37.9% |
| Recurring financial charges | 65 | €146,587 | €90,991 | -€55,595 | -37.9% |
| Debt charges | 650 | €104,784 | €51,305 | -€53,479 | -51.0% |
| Other financial charges | 652/9 | €41,803 | €39,687 | -€2,116 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €83,919 | €327,744 | +€243,825 | +290.5% |
| Income taxes | 67/77 | €1,888 | €1,622 | -€266 | -14.1% |
| Taxes | 670/3 | €1,888 | €1,622 | -€266 | -14.1% |
| Profit (loss) for the period | 9904 | €82,031 | €326,122 | +€244,091 | +297.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,031 | €326,122 | +€244,091 | +297.6% |
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 10 October 2026 via checked.be.