GILLET - MALMENDIER: what changed
What changed
GILLET - MALMENDIER
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€67,773
2024 · €45,570+€22,203
Equity
€493,316
2024 · €427,528+€65,787
Cash
€224,144
2024 · €185,576+€38,567
Balance sheet total
€1.1m
2024 · €1.1m-€8,694
Largest movements
Assets
- Cash +€38,567
up €38,567 (+20.8%), from €185,576 to €224,144
mainly Depreciation (+€127,871) and Net result for the year (+€67,773)
- Stocks and contracts -€21,034
down €21,034 (-65.2%), from €32,272 to €11,238
- Tangible fixed assets -€17,721
down €17,721 (-2.1%), from €832,699 to €814,979
of which Land and buildings: -€34,196
- Receivables within one year -€11,732
down €11,732 (-16.1%), from €72,903 to €61,171
of which Other amounts receivable: -€16,891
Equity and liabilities
- Debts after one year -€76,264
down €76,264 (-13.9%), from €546,873 to €470,608
- Reserves +€67,773
up €67,773 (+20.5%), from €330,522 to €398,295
Income statement
- Staff costs -€62,621
down €62,621 (-14.9%), from €419,105 to €356,484
- Depreciation +€17,055
up €17,055 (+15.4%), from €110,816 to €127,871
- Gross operating margin -€16,494
down €16,494 (-2.7%), from €616,215 to €599,721
- Taxes +€7,158
up €7,158 (+44.4%), from €16,107 to €23,266
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€45,570
Gross operating margin
-€16,494
Staff costs
+€62,621
Depreciation
-€17,055
Other operating charges
-€1,477
Financial income
-€488
Financial charges
+€2,255
Taxes
-€7,158
Result 2025
€67,773
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€225,487
Investment
-€110,739
Financing
-€76,180
Cash 2024
€185,576
From operations (derived)
+€225,487
Net result for the year
+€67,773
Depreciation
+€127,871
Stocks and contracts
+€21,034
Receivables within one year
+€11,732
Deferred charges and accrued income
-€2,636
Trade debts
+€366
Tax, wage and social debts
+€1,492
Other debts
-€2,121
Accrued charges and deferred income
-€23
Investment (derived)
-€110,739
Investment in fixed assets (net)
-€110,739
Financing
-€76,180
Debts after one year
-€76,264
Current portion of long-term debt
+€2,070
Contributions, distributions and other
-€1,986
Cash 2025
€224,144
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,143,555 | €1,134,860 | -€8,694 | -0.8% |
| Fixed assets | 21/28 | €832,699 | €815,567 | -€17,132 | -2.1% |
| Intangible fixed assets | 21 | - | €589 | +€589 | |
| Tangible fixed assets | 22/27 | €832,699 | €814,979 | -€17,721 | -2.1% |
| Land and buildings | 22 | €659,774 | €625,578 | -€34,196 | -5.2% |
| Plant, machinery and equipment | 23 | €46,251 | €68,694 | +€22,443 | +48.5% |
| Furniture and vehicles | 24 | €121,669 | €116,980 | -€4,688 | -3.9% |
| Other tangible fixed assets | 26 | €5,005 | €3,726 | -€1,279 | -25.6% |
| Current assets | 29/58 | €310,855 | €319,293 | +€8,437 | +2.7% |
| Stocks and contracts in progress | 3 | €32,272 | €11,238 | -€21,034 | -65.2% |
| Stocks | 30/36 | €32,272 | €11,238 | -€21,034 | -65.2% |
| Amounts receivable within one year | 40/41 | €72,903 | €61,171 | -€11,732 | -16.1% |
| Trade receivables | 40 | €49,198 | €54,356 | +€5,158 | +10.5% |
| Other amounts receivable | 41 | €23,705 | €6,814 | -€16,891 | -71.3% |
| Cash at bank and in hand | 54/58 | €185,576 | €224,144 | +€38,567 | +20.8% |
| Deferred charges and accrued income | 490/1 | €20,104 | €22,740 | +€2,636 | +13.1% |
| Total equity and liabilities | 10/49 | €1,143,555 | €1,134,860 | -€8,694 | -0.8% |
| Equity | 10/15 | €427,528 | €493,316 | +€65,787 | +15.4% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Reserves | 13 | €330,522 | €398,295 | +€67,773 | +20.5% |
| Distributable reserves | 133 | €330,522 | €398,295 | +€67,773 | +20.5% |
| Profit (loss) carried forward | 14 | €42,648 | €42,648 | = | 0.0% |
| Investment grants | 15 | €21,358 | €19,373 | -€1,986 | -9.3% |
| Amounts payable | 17/49 | €716,026 | €641,545 | -€74,481 | -10.4% |
| Amounts payable after more than one year | 17 | €546,873 | €470,608 | -€76,264 | -13.9% |
| Financial debts | 170/4 | €546,873 | €470,608 | -€76,264 | -13.9% |
| Amounts payable within one year | 42/48 | €169,130 | €170,937 | +€1,806 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €74,195 | €76,264 | +€2,070 | +2.8% |
| Trade debts | 44 | €67,263 | €67,629 | +€366 | +0.5% |
| Suppliers | 440/4 | €67,263 | €67,629 | +€366 | +0.5% |
| Taxes, remuneration and social security | 45 | €13,716 | €15,207 | +€1,492 | +10.9% |
| Taxes | 450/3 | €8,593 | €8,822 | +€229 | +2.7% |
| Remuneration and social security | 454/9 | €5,122 | €6,385 | +€1,263 | +24.6% |
| Other amounts payable | 47/48 | €13,956 | €11,835 | -€2,121 | -15.2% |
| Accrued charges and deferred income | 492/3 | €23 | €0 | -€23 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €419,105 | €356,484 | -€62,621 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,816 | €127,871 | +€17,055 | +15.4% |
| Other operating charges | 640/8 | €12,805 | €14,282 | +€1,477 | +11.5% |
| Gross operating margin | 9900 | €616,215 | €599,721 | -€16,494 | -2.7% |
| Operating profit (loss) | 9901 | €73,489 | €101,083 | +€27,594 | +37.5% |
| Financial income | 75/76B | €7,102 | €6,614 | -€488 | -6.9% |
| Recurring financial income | 75 | €7,102 | €6,614 | -€488 | -6.9% |
| Financial charges | 65/66B | €18,913 | €16,659 | -€2,255 | -11.9% |
| Recurring financial charges | 65 | €18,913 | €16,659 | -€2,255 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €61,677 | €91,038 | +€29,361 | +47.6% |
| Income taxes | 67/77 | €16,107 | €23,266 | +€7,158 | +44.4% |
| Profit (loss) for the period | 9904 | €45,570 | €67,773 | +€22,203 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,570 | €67,773 | +€22,203 | +48.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.