Large View Minimalist Design: what changed
What changed
Large View Minimalist Design
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€218,987
2024 · €37,200-€256,186
Equity
-€31,787
2024 · €187,200-€218,987
Cash
€561
2024 · €9,759-€9,198
Balance sheet total
€517,746
2024 · €303,661+€214,086
Largest movements
Assets
- Receivables within one year +€241,822
up €241,822 (+136%), from €177,495 to €419,317
of which Trade receivables: +€215,983
- Tangible fixed assets -€11,961
down €11,961 (-18.6%), from €64,254 to €52,293
of which Furniture and vehicles: -€9,380
- Deferred charges and accrued income -€9,648
no longer reported in 2025 (was €9,648)
- Cash -€9,198
down €9,198 (-94.2%), from €9,759 to €561
mainly Receivables within one year (-€241,822) and Net result for the year (-€218,987)
Equity and liabilities
- Trade debts +€296,720
up €296,720 (+660%), from €44,933 to €341,654
- Profit (loss) carried forward -€218,987
down €218,987, from €37,200 to -€181,787
- Short-term financial debts +€150,000
new in 2025: €150,000
- Advances received +€22,772
new in 2025: €22,772
- Accrued charges and deferred income -€20,335
no longer reported in 2025 (was €20,335)
Income statement
- Gross operating margin -€353,854
down €353,854, from €163,578 to -€190,275
- Staff costs -€74,989
no longer reported in 2025 (was €74,989)
- Taxes -€18,329
down €18,329 (-90.1%), from €20,354 to €2,025
- Financial income +€2,415
up €2,415 (+411%), from €587 to €3,002
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
€37,200
Gross operating margin
-€353,854
Staff costs
+€74,989
Depreciation
+€1,036
Other operating charges
-€508
Financial income
+€2,415
Financial charges
+€1,406
Taxes
+€18,329
Result 2025
-€218,987
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
-€140,146
Investment
-€12,430
Financing
+€143,379
Cash 2024
€9,759
From operations (derived)
-€140,146
Net result for the year
-€218,987
Depreciation
+€19,581
Stocks and contracts
+€1,740
Receivables within one year
-€241,822
Deferred charges and accrued income
+€9,648
Trade debts
+€296,720
Tax, wage and social debts
-€10,070
Advances received
+€22,772
Other debts
+€606
Accrued charges and deferred income
-€20,335
Investment (derived)
-€12,430
Investment in fixed assets (net)
-€12,430
Financing
+€143,379
Debts after one year
-€6,933
Current portion of long-term debt
+€312
Short-term financial debts
+€150,000
Cash 2025
€561
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €303,661 | €517,746 | +€214,086 | +70.5% |
| Fixed assets | 21/28 | €95,019 | €87,868 | -€7,151 | -7.5% |
| Tangible fixed assets | 22/27 | €64,254 | €52,293 | -€11,961 | -18.6% |
| Plant, machinery and equipment | 23 | €15,194 | €12,613 | -€2,581 | -17.0% |
| Furniture and vehicles | 24 | €49,060 | €39,680 | -€9,380 | -19.1% |
| Financial fixed assets | 28 | €30,765 | €35,575 | +€4,810 | +15.6% |
| Current assets | 29/58 | €208,642 | €429,878 | +€221,236 | +106% |
| Stocks and contracts in progress | 3 | €11,740 | €10,000 | -€1,740 | -14.8% |
| Stocks | 30/36 | - | €10,000 | +€10,000 | |
| Contracts in progress | 37 | €11,740 | - | -€11,740 | |
| Amounts receivable within one year | 40/41 | €177,495 | €419,317 | +€241,822 | +136% |
| Trade receivables | 40 | €138,716 | €354,699 | +€215,983 | +156% |
| Other amounts receivable | 41 | €38,778 | €64,617 | +€25,839 | +66.6% |
| Cash at bank and in hand | 54/58 | €9,759 | €561 | -€9,198 | -94.2% |
| Deferred charges and accrued income | 490/1 | €9,648 | - | -€9,648 | |
| Total equity and liabilities | 10/49 | €303,661 | €517,746 | +€214,086 | +70.5% |
| Equity | 10/15 | €187,200 | -€31,787 | -€218,987 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,200 | -€181,787 | -€218,987 | |
| Amounts payable | 17/49 | €116,461 | €549,533 | +€433,072 | +372% |
| Amounts payable after more than one year | 17 | €23,093 | €16,160 | -€6,933 | -30.0% |
| Financial debts | 170/4 | €23,093 | €16,160 | -€6,933 | -30.0% |
| Amounts payable within one year | 42/48 | €73,033 | €533,373 | +€460,340 | +630% |
| Current portion of amounts payable after more than one year | 42 | €6,621 | €6,933 | +€312 | +4.7% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €44,933 | €341,654 | +€296,720 | +660% |
| Suppliers | 440/4 | €44,933 | €341,654 | +€296,720 | +660% |
| Advances received on contracts in progress | 46 | - | €22,772 | +€22,772 | |
| Taxes, remuneration and social security | 45 | €20,943 | €10,874 | -€10,070 | -48.1% |
| Taxes | 450/3 | €20,943 | €10,874 | -€10,070 | -48.1% |
| Other amounts payable | 47/48 | €536 | €1,141 | +€606 | +113% |
| Accrued charges and deferred income | 492/3 | €20,335 | - | -€20,335 | |
| Remuneration, social security and pensions | 62 | €74,989 | - | -€74,989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,617 | €19,581 | -€1,036 | -5.0% |
| Other operating charges | 640/8 | €2,540 | €3,048 | +€508 | +20.0% |
| Gross operating margin | 9900 | €163,578 | -€190,275 | -€353,854 | |
| Operating profit (loss) | 9901 | €65,433 | -€212,904 | -€278,337 | |
| Financial income | 75/76B | €587 | €3,002 | +€2,415 | +411% |
| Recurring financial income | 75 | €587 | €3,002 | +€2,415 | +411% |
| Financial charges | 65/66B | €8,466 | €7,059 | -€1,406 | -16.6% |
| Recurring financial charges | 65 | €8,466 | €7,059 | -€1,406 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €57,554 | -€216,962 | -€274,515 | |
| Income taxes | 67/77 | €20,354 | €2,025 | -€18,329 | -90.1% |
| Profit (loss) for the period | 9904 | €37,200 | -€218,987 | -€256,186 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,200 | -€218,987 | -€256,186 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.