HF 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.
HF MENUISERIE
Largest movements
- Cash -€18,564
down €18,564 (-27.8%), from €66,883 to €48,319
mainly Advances received (-€23,337) and Contributions, distributions and other (-€11,429)
- Receivables within one year -€3,996
down €3,996 (-18.9%), from €21,114 to €17,118
of which Trade receivables: -€5,397
- Tangible fixed assets -€1,122
down €1,122 (-66.1%), from €1,698 to €576
- Advances received -€23,337
no longer reported in 2025 (was €23,337)
- Profit (loss) carried forward +€13,577
up €13,577 (+60.6%), from €22,406 to €35,983
- Other debts -€7,571
down €7,571 (-68.8%), from €11,000 to €3,429
- Trade debts -€5,657
down €5,657 (-23.7%), from €23,883 to €18,226
- Staff costs -€34,373
down €34,373 (-92.5%), from €37,157 to €2,784
- Gross operating margin -€28,480
down €28,480 (-43.4%), from €65,694 to €37,214
- Taxes +€2,990
up €2,990 (+53.3%), from €5,608 to €8,598
- Financial charges -€686
down €686 (-73.0%), from €940 to €254
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 | €90,166 | €66,336 | -€23,830 | -26.4% |
| Fixed assets | 21/28 | €1,698 | €576 | -€1,122 | -66.1% |
| Tangible fixed assets | 22/27 | €1,698 | €576 | -€1,122 | -66.1% |
| Plant, machinery and equipment | 23 | €1,698 | €576 | -€1,122 | -66.1% |
| Current assets | 29/58 | €88,468 | €65,760 | -€22,708 | -25.7% |
| Amounts receivable within one year | 40/41 | €21,114 | €17,118 | -€3,996 | -18.9% |
| Trade receivables | 40 | €21,114 | €15,717 | -€5,397 | -25.6% |
| Other amounts receivable | 41 | - | €1,401 | +€1,401 | |
| Cash at bank and in hand | 54/58 | €66,883 | €48,319 | -€18,564 | -27.8% |
| Deferred charges and accrued income | 490/1 | €471 | €323 | -€148 | -31.4% |
| Total equity and liabilities | 10/49 | €90,166 | €66,336 | -€23,830 | -26.4% |
| Equity | 10/15 | €25,406 | €38,983 | +€13,577 | +53.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,406 | €35,983 | +€13,577 | +60.6% |
| Amounts payable | 17/49 | €64,760 | €27,353 | -€37,407 | -57.8% |
| Amounts payable within one year | 42/48 | €64,760 | €27,353 | -€37,407 | -57.8% |
| Trade debts | 44 | €23,883 | €18,226 | -€5,657 | -23.7% |
| Suppliers | 440/4 | €23,883 | €18,226 | -€5,657 | -23.7% |
| Advances received on contracts in progress | 46 | €23,337 | - | -€23,337 | |
| Taxes, remuneration and social security | 45 | €6,540 | €5,698 | -€842 | -12.9% |
| Taxes | 450/3 | €6,540 | €5,698 | -€842 | -12.9% |
| Other amounts payable | 47/48 | €11,000 | €3,429 | -€7,571 | -68.8% |
| Remuneration, social security and pensions | 62 | €37,157 | €2,784 | -€34,373 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,122 | €1,122 | = | 0.0% |
| Gross operating margin | 9900 | €65,694 | €37,214 | -€28,480 | -43.4% |
| Operating profit (loss) | 9901 | €27,415 | €33,308 | +€5,893 | +21.5% |
| Financial income | 75/76B | €439 | €550 | +€111 | +25.3% |
| Recurring financial income | 75 | €439 | €550 | +€111 | +25.3% |
| Financial charges | 65/66B | €940 | €254 | -€686 | -73.0% |
| Recurring financial charges | 65 | €940 | €254 | -€686 | -73.0% |
| Profit (loss) for the period before taxes | 9903 | €26,914 | €33,604 | +€6,690 | +24.9% |
| Income taxes | 67/77 | €5,608 | €8,598 | +€2,990 | +53.3% |
| Profit (loss) for the period | 9904 | €21,306 | €25,006 | +€3,700 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,306 | €25,006 | +€3,700 | +17.4% |
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 21 October 2026 via checked.be.