HOLZHANDWERK: what changed
What changed
HOLZHANDWERK
NACE 31.004, Manufacture of dining room, living room, bedroom and bathroom furniture
filed annual accounts (NBB)
Net result for the year
€40,875
2024 · €100,023-€59,148
Equity
€393,012
2024 · €351,934+€41,078
Cash
€188,757
2024 · €124,172+€64,585
Balance sheet total
€3.9m
2024 · €3.8m+€131,808
Largest movements
Assets
- Stocks and contracts +€232,852
up €232,852 (+7.4%), from €3.1m to €3.4m
of which Stocks: +€201,153
- Receivables within one year -€108,380
down €108,380 (-43.6%), from €248,391 to €140,011
of which Trade receivables: -€70,007
- Cash +€64,585
up €64,585 (+52.0%), from €124,172 to €188,757
mainly Short-term financial debts (+€186,341) and Receivables within one year (+€108,380)
- Tangible fixed assets -€42,417
down €42,417 (-16.3%), from €260,279 to €217,862
Equity and liabilities
- Short-term financial debts +€186,341
up €186,341 (+5.9%), from €3.2m to €3.3m
- Profit (loss) carried forward +€40,875
up €40,875 (+12.8%), from €318,934 to €359,809
Income statement
- Staff costs +€40,334
up €40,334 (+10.9%), from €370,158 to €410,492
- Gross operating margin -€25,939
down €25,939 (-4.2%), from €618,370 to €592,430
- Taxes -€22,652
down €22,652 (-61.4%), from €36,875 to €14,223
- Depreciation +€9,760
up €9,760 (+12.9%), from €75,654 to €85,414
- Financial income -€9,447
down €9,447 (-27.7%), from €34,093 to €24,646
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
€100,023
Gross operating margin
-€25,939
Staff costs
-€40,334
Depreciation
-€9,760
Other operating charges
-€311
Financial income
-€9,447
Financial charges
+€3,991
Taxes
+€22,652
Result 2025
€40,875
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
-€45,769
Investment
-€42,997
Financing
+€153,351
Cash 2024
€124,172
From operations (derived)
-€45,769
Net result for the year
+€40,875
Depreciation
+€85,414
Stocks and contracts
-€232,852
Receivables within one year
+€108,380
Deferred charges and accrued income
+€14,831
Trade debts
-€38,350
Tax, wage and social debts
-€20,189
Accrued charges and deferred income
-€3,879
Investment (derived)
-€42,997
Investment in fixed assets (net)
-€42,997
Financing
+€153,351
Debts after one year
-€30,117
Current portion of long-term debt
-€3,076
Short-term financial debts
+€186,341
Contributions, distributions and other
+€203
Cash 2025
€188,757
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,816,502 | €3,948,311 | +€131,808 | +3.5% |
| Fixed assets | 21/28 | €260,279 | €217,862 | -€42,417 | -16.3% |
| Tangible fixed assets | 22/27 | €260,279 | €217,862 | -€42,417 | -16.3% |
| Plant, machinery and equipment | 23 | €198,716 | €177,653 | -€21,063 | -10.6% |
| Furniture and vehicles | 24 | €38,420 | €23,408 | -€15,013 | -39.1% |
| Leasing and similar rights | 25 | €23,143 | €16,801 | -€6,342 | -27.4% |
| Current assets | 29/58 | €3,556,223 | €3,730,448 | +€174,226 | +4.9% |
| Stocks and contracts in progress | 3 | €3,145,307 | €3,378,159 | +€232,852 | +7.4% |
| Stocks | 30/36 | €3,132,920 | €3,334,073 | +€201,153 | +6.4% |
| Contracts in progress | 37 | €12,387 | €44,086 | +€31,699 | +256% |
| Amounts receivable within one year | 40/41 | €248,391 | €140,011 | -€108,380 | -43.6% |
| Trade receivables | 40 | €184,449 | €114,442 | -€70,007 | -38.0% |
| Other amounts receivable | 41 | €63,942 | €25,569 | -€38,373 | -60.0% |
| Cash at bank and in hand | 54/58 | €124,172 | €188,757 | +€64,585 | +52.0% |
| Deferred charges and accrued income | 490/1 | €38,353 | €23,522 | -€14,831 | -38.7% |
| Total equity and liabilities | 10/49 | €3,816,502 | €3,948,311 | +€131,808 | +3.5% |
| Equity | 10/15 | €351,934 | €393,012 | +€41,078 | +11.7% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €318,934 | €359,809 | +€40,875 | +12.8% |
| Investment grants | 15 | - | €203 | +€203 | |
| Amounts payable | 17/49 | €3,464,568 | €3,555,299 | +€90,731 | +2.6% |
| Amounts payable after more than one year | 17 | €107,565 | €77,447 | -€30,117 | -28.0% |
| Financial debts | 170/4 | €107,565 | €77,447 | -€30,117 | -28.0% |
| Amounts payable within one year | 42/48 | €3,341,529 | €3,466,256 | +€124,727 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €41,623 | €38,547 | -€3,076 | -7.4% |
| Financial debts | 43 | €3,160,059 | €3,346,400 | +€186,341 | +5.9% |
| Other loans | 439 | €3,160,059 | €3,346,400 | +€186,341 | +5.9% |
| Trade debts | 44 | €62,469 | €24,119 | -€38,350 | -61.4% |
| Suppliers | 440/4 | €62,469 | €24,119 | -€38,350 | -61.4% |
| Taxes, remuneration and social security | 45 | €77,379 | €57,191 | -€20,189 | -26.1% |
| Taxes | 450/3 | €26,684 | €9,085 | -€17,599 | -66.0% |
| Remuneration and social security | 454/9 | €50,696 | €48,106 | -€2,590 | -5.1% |
| Accrued charges and deferred income | 492/3 | €15,474 | €11,595 | -€3,879 | -25.1% |
| Remuneration, social security and pensions | 62 | €370,158 | €410,492 | +€40,334 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,654 | €85,414 | +€9,760 | +12.9% |
| Other operating charges | 640/8 | €1,557 | €1,868 | +€311 | +20.0% |
| Gross operating margin | 9900 | €618,370 | €592,430 | -€25,939 | -4.2% |
| Operating profit (loss) | 9901 | €171,001 | €94,657 | -€76,344 | -44.6% |
| Financial income | 75/76B | €34,093 | €24,646 | -€9,447 | -27.7% |
| Recurring financial income | 75 | €34,093 | €24,646 | -€9,447 | -27.7% |
| Financial charges | 65/66B | €68,196 | €64,205 | -€3,991 | -5.9% |
| Recurring financial charges | 65 | €68,196 | €64,205 | -€3,991 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €136,898 | €55,098 | -€81,799 | -59.8% |
| Income taxes | 67/77 | €36,875 | €14,223 | -€22,652 | -61.4% |
| Profit (loss) for the period | 9904 | €100,023 | €40,875 | -€59,148 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €100,023 | €40,875 | -€59,148 | -59.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.