FURNITRADE: 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.
FURNITRADE
Largest movements
- Tangible fixed assets -€146,472
down €146,472 (-4.9%), from €3.0m to €2.8m
of which Land and buildings: -€153,651
- Stocks and contracts -€143,300
down €143,300 (-23.9%), from €600,000 to €456,700
- Provisions -€231,042
down €231,042 (-82.9%), from €278,609 to €47,567
of which Deferred taxes: -€231,042
- Trade debts +€139,236
up €139,236 (+36.1%), from €386,152 to €525,388
- Reserves -€130,109
down €130,109 (-8.0%), from €1.6m to €1.5m
of which Tax-exempt reserves: -€925,302
- Debts after one year -€114,617
down €114,617 (-73.9%), from €155,159 to €40,542
- Tax, wage and social debts +€97,974
up €97,974 (+66.3%), from €147,691 to €245,666
of which Taxes: +€103,363
- Financial charges -€383,066
down €383,066 (-91.8%), from €417,470 to €34,403
of which Non-recurring financial charges: -€361,551
- Gross operating margin +€132,609
up €132,609 (+83.9%), from €158,037 to €290,645
- Write-downs -€115,900
down €115,900 (-65.1%), from €178,000 to €62,100
- Taxes +€79,437
up €79,437 (+6798.2%), from €1,169 to €80,606
- Depreciation -€32,349
down €32,349 (-16.7%), from €194,104 to €161,756
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 | €4,026,067 | €3,748,047 | -€278,019 | -6.9% |
| Fixed assets | 21/28 | €3,205,774 | €3,059,302 | -€146,472 | -4.6% |
| Tangible fixed assets | 22/27 | €2,963,399 | €2,816,927 | -€146,472 | -4.9% |
| Land and buildings | 22 | €2,954,626 | €2,800,975 | -€153,651 | -5.2% |
| Plant, machinery and equipment | 23 | €132 | - | -€132 | |
| Furniture and vehicles | 24 | €8,641 | €15,952 | +€7,311 | +84.6% |
| Financial fixed assets | 28 | €242,375 | €242,375 | = | 0.0% |
| Current assets | 29/58 | €820,292 | €688,745 | -€131,547 | -16.0% |
| Stocks and contracts in progress | 3 | €600,000 | €456,700 | -€143,300 | -23.9% |
| Stocks | 30/36 | €600,000 | €456,700 | -€143,300 | -23.9% |
| Amounts receivable within one year | 40/41 | €174,495 | €204,507 | +€30,012 | +17.2% |
| Trade receivables | 40 | €11,433 | €11,659 | +€226 | +2.0% |
| Other amounts receivable | 41 | €163,062 | €192,849 | +€29,787 | +18.3% |
| Cash at bank and in hand | 54/58 | €22,332 | €12,845 | -€9,488 | -42.5% |
| Deferred charges and accrued income | 490/1 | €23,465 | €14,693 | -€8,772 | -37.4% |
| Total equity and liabilities | 10/49 | €4,026,067 | €3,748,047 | -€278,019 | -6.9% |
| Equity | 10/15 | €2,447,804 | €2,317,694 | -€130,109 | -5.3% |
| Contributions | 10/11 | €365,692 | €365,692 | = | 0.0% |
| Revaluation surpluses | 12 | €1,375,035 | €1,375,035 | = | 0.0% |
| Reserves | 13 | €1,620,515 | €1,490,405 | -€130,109 | -8.0% |
| Tax-exempt reserves | 132 | €944,052 | €18,750 | -€925,302 | -98.0% |
| Distributable reserves | 133 | €676,463 | €1,471,655 | +€795,192 | +117.6% |
| Profit (loss) carried forward | 14 | -€913,438 | -€913,438 | = | 0.0% |
| Provisions and deferred taxes | 16 | €278,609 | €47,567 | -€231,042 | -82.9% |
| Provisions for liabilities and charges | 160/5 | €47,567 | €47,567 | = | 0.0% |
| Taxes | 161 | €47,567 | €47,567 | = | 0.0% |
| Deferred taxes | 168 | €231,042 | - | -€231,042 | |
| Amounts payable | 17/49 | €1,299,654 | €1,382,786 | +€83,132 | +6.4% |
| Amounts payable after more than one year | 17 | €155,159 | €40,542 | -€114,617 | -73.9% |
| Financial debts | 170/4 | €155,159 | €40,542 | -€114,617 | -73.9% |
| Amounts payable within one year | 42/48 | €1,140,778 | €1,340,902 | +€200,124 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €112,274 | €114,617 | +€2,342 | +2.1% |
| Financial debts | 43 | €489,023 | €450,000 | -€39,023 | -8.0% |
| Credit institutions | 430/8 | €489,023 | €450,000 | -€39,023 | -8.0% |
| Trade debts | 44 | €386,152 | €525,388 | +€139,236 | +36.1% |
| Suppliers | 440/4 | €386,152 | €525,388 | +€139,236 | +36.1% |
| Taxes, remuneration and social security | 45 | €147,691 | €245,666 | +€97,974 | +66.3% |
| Taxes | 450/3 | €89,894 | €193,257 | +€103,363 | +115.0% |
| Remuneration and social security | 454/9 | €57,798 | €52,409 | -€5,389 | -9.3% |
| Other amounts payable | 47/48 | €5,637 | €5,231 | -€406 | -7.2% |
| Accrued charges and deferred income | 492/3 | €3,717 | €1,341 | -€2,376 | -63.9% |
| Remuneration, social security and pensions | 62 | €285,389 | €263,863 | -€21,525 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,104 | €161,756 | -€32,349 | -16.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €178,000 | €62,100 | -€115,900 | -65.1% |
| Other operating charges | 640/8 | €44,185 | €44,298 | +€113 | +0.3% |
| Non-recurring operating charges | 66A | €472 | €27,500 | +€27,028 | +5726.5% |
| Gross operating margin | 9900 | €158,037 | €290,645 | +€132,609 | +83.9% |
| Operating profit (loss) | 9901 | -€544,113 | -€268,872 | +€275,242 | +50.6% |
| Financial income | 75/76B | €24,127 | €22,729 | -€1,397 | -5.8% |
| Recurring financial income | 75 | €24,127 | €22,729 | -€1,397 | -5.8% |
| Financial charges | 65/66B | €417,470 | €34,403 | -€383,066 | -91.8% |
| Recurring financial charges | 65 | €55,919 | €34,403 | -€21,515 | -38.5% |
| Non-recurring financial charges | 66B | €361,551 | - | -€361,551 | |
| Profit (loss) for the period before taxes | 9903 | -€937,456 | -€280,546 | +€656,911 | +70.1% |
| Transfer from deferred taxes | 780 | €5,037 | €231,042 | +€226,005 | +4486.5% |
| Income taxes | 67/77 | €1,169 | €80,606 | +€79,437 | +6798.2% |
| Profit (loss) for the period | 9904 | -€933,587 | -€130,109 | +€803,478 | +86.1% |
| Transfer from tax-exempt reserves | 789 | €20,150 | €925,302 | +€905,152 | +4492.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€913,438 | €795,192 | +€1.7m |
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 11 October 2026 via checked.be.