GH 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.
GH menuiserie
Largest movements
- Tangible fixed assets +€26,460
up €26,460 (+483%), from €5,477 to €31,937
of which Leasing and similar rights: +€27,261
- Receivables within one year -€4,958
down €4,958 (-21.2%), from €23,336 to €18,378
of which Other amounts receivable: -€2,536
- Cash +€2,854
up €2,854 (+89.3%), from €3,197 to €6,051
mainly Debts after one year (+€17,664) and Depreciation (+€7,334)
- Stocks and contracts +€769
up €769 (+115%), from €667 to €1,436
- Debts after one year +€17,664
new in 2025: €17,664
- Profit (loss) carried forward +€5,188
up €5,188 (+47.8%), from €10,858 to €16,047
- Current portion of long-term debt +€4,730
new in 2025: €4,730
- Other debts -€4,217
down €4,217 (-32.0%), from €13,175 to €8,959
- Tax, wage and social debts +€2,771
up €2,771 (+43.3%), from €6,395 to €9,166
of which Remuneration and social security: +€2,949
- Gross operating margin +€19,656
up €19,656 (+89.9%), from €21,852 to €41,508
- Staff costs +€15,779
up €15,779 (+146%), from €10,783 to €26,561
- Depreciation +€5,567
up €5,567 (+315%), from €1,767 to €7,334
- Financial income +€2,987
up €2,987 (+147,863%), from €2 to €2,989
- Financial charges +€1,578
up €1,578 (+65.9%), from €2,394 to €3,972
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 | €32,677 | €57,916 | +€25,239 | +77.2% |
| Fixed assets | 21/28 | €5,477 | €32,051 | +€26,574 | +485% |
| Tangible fixed assets | 22/27 | €5,477 | €31,937 | +€26,460 | +483% |
| Plant, machinery and equipment | 23 | €3,041 | €4,167 | +€1,125 | +37.0% |
| Furniture and vehicles | 24 | €2,436 | €510 | -€1,926 | -79.1% |
| Leasing and similar rights | 25 | - | €27,261 | +€27,261 | |
| Financial fixed assets | 28 | - | €114 | +€114 | |
| Current assets | 29/58 | €27,199 | €25,865 | -€1,335 | -4.9% |
| Stocks and contracts in progress | 3 | €667 | €1,436 | +€769 | +115% |
| Stocks | 30/36 | €667 | €1,436 | +€769 | +115% |
| Amounts receivable within one year | 40/41 | €23,336 | €18,378 | -€4,958 | -21.2% |
| Trade receivables | 40 | €16,877 | €14,454 | -€2,423 | -14.4% |
| Other amounts receivable | 41 | €6,459 | €3,924 | -€2,536 | -39.3% |
| Cash at bank and in hand | 54/58 | €3,197 | €6,051 | +€2,854 | +89.3% |
| Total equity and liabilities | 10/49 | €32,677 | €57,916 | +€25,239 | +77.2% |
| Equity | 10/15 | €11,358 | €16,547 | +€5,188 | +45.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,858 | €16,047 | +€5,188 | +47.8% |
| Amounts payable | 17/49 | €21,319 | €41,370 | +€20,051 | +94.1% |
| Amounts payable after more than one year | 17 | - | €17,664 | +€17,664 | |
| Financial debts | 170/4 | - | €17,664 | +€17,664 | |
| Amounts payable within one year | 42/48 | €21,319 | €23,705 | +€2,387 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,730 | +€4,730 | |
| Trade debts | 44 | €1,149 | €251 | -€898 | -78.2% |
| Suppliers | 440/4 | €1,149 | €251 | -€898 | -78.2% |
| Advances received on contracts in progress | 46 | €600 | €600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,395 | €9,166 | +€2,771 | +43.3% |
| Taxes | 450/3 | €3,249 | €3,071 | -€178 | -5.5% |
| Remuneration and social security | 454/9 | €3,146 | €6,095 | +€2,949 | +93.7% |
| Other amounts payable | 47/48 | €13,175 | €8,959 | -€4,217 | -32.0% |
| Remuneration, social security and pensions | 62 | €10,783 | €26,561 | +€15,779 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,767 | €7,334 | +€5,567 | +315% |
| Other operating charges | 640/8 | €215 | €246 | +€32 | +14.7% |
| Non-recurring operating charges | 66A | - | €807 | +€807 | |
| Gross operating margin | 9900 | €21,852 | €41,508 | +€19,656 | +89.9% |
| Operating profit (loss) | 9901 | €9,088 | €6,560 | -€2,528 | -27.8% |
| Financial income | 75/76B | €2 | €2,989 | +€2,987 | +147,863% |
| Recurring financial income | 75 | €2 | €2,989 | +€2,987 | +147,863% |
| Financial charges | 65/66B | €2,394 | €3,972 | +€1,578 | +65.9% |
| Recurring financial charges | 65 | €2,394 | €3,972 | +€1,578 | +65.9% |
| Profit (loss) for the period before taxes | 9903 | €6,696 | €5,577 | -€1,120 | -16.7% |
| Income taxes | 67/77 | €1,396 | €388 | -€1,008 | -72.2% |
| Profit (loss) for the period | 9904 | €5,300 | €5,188 | -€112 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,300 | €5,188 | -€112 | -2.1% |
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 23 October 2026 via checked.be.