LE MEUBLE: 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.
LE MEUBLE
Largest movements
- Stocks and contracts -€21,269
down €21,269 (-12.8%), from €166,176 to €144,906
- Tangible fixed assets -€5,892
down €5,892 (-16.9%), from €34,903 to €29,011
of which Land and buildings: -€4,993
- Cash -€2,725
down €2,725 (-61.0%), from €4,468 to €1,743
mainly Net result for the year (-€16,520) and Advances received (-€8,012)
- Receivables within one year +€2,448
up €2,448 (+89.8%), from €2,726 to €5,174
of which Trade receivables: +€1,256
- Profit (loss) carried forward -€16,520
down €16,520 (-4.9%), from -€340,522 to -€357,041
- Advances received -€8,012
down €8,012 (-21.6%), from €37,042 to €29,030
- Trade debts -€3,006
down €3,006 (-7.4%), from €40,700 to €37,694
- Accrued charges and deferred income -€2,308
no longer reported in 2025 (was €2,308)
- Gross operating margin +€25,123
up €25,123 (+77.8%), from -€32,297 to -€7,173
- Depreciation -€1,145
down €1,145 (-16.3%), from €7,037 to €5,892
- Financial charges +€918
up €918 (+173.9%), from €528 to €1,446
- Other operating charges +€331
up €331 (+19.7%), from €1,677 to €2,008
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.
Cash bridge derived
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 | €212,290 | €183,299 | -€28,991 | -13.7% |
| Fixed assets | 21/28 | €35,098 | €29,206 | -€5,892 | -16.8% |
| Tangible fixed assets | 22/27 | €34,903 | €29,011 | -€5,892 | -16.9% |
| Land and buildings | 22 | €31,654 | €26,660 | -€4,993 | -15.8% |
| Plant, machinery and equipment | 23 | €198 | €63 | -€136 | -68.3% |
| Furniture and vehicles | 24 | €3,051 | €2,288 | -€763 | -25.0% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €177,192 | €154,093 | -€23,099 | -13.0% |
| Stocks and contracts in progress | 3 | €166,176 | €144,906 | -€21,269 | -12.8% |
| Stocks | 30/36 | €166,176 | €144,906 | -€21,269 | -12.8% |
| Amounts receivable within one year | 40/41 | €2,726 | €5,174 | +€2,448 | +89.8% |
| Trade receivables | 40 | €2,726 | €3,982 | +€1,256 | +46.1% |
| Other amounts receivable | 41 | - | €1,192 | +€1,192 | |
| Cash at bank and in hand | 54/58 | €4,468 | €1,743 | -€2,725 | -61.0% |
| Deferred charges and accrued income | 490/1 | €3,822 | €2,270 | -€1,553 | -40.6% |
| Total equity and liabilities | 10/49 | €212,290 | €183,299 | -€28,991 | -13.7% |
| Equity | 10/15 | €50,996 | €34,477 | -€16,520 | -32.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €361,518 | €361,518 | = | 0.0% |
| Distributable reserves | 133 | €361,518 | €361,518 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€340,522 | -€357,041 | -€16,520 | -4.9% |
| Amounts payable | 17/49 | €161,294 | €148,822 | -€12,472 | -7.7% |
| Amounts payable within one year | 42/48 | €158,986 | €148,822 | -€10,163 | -6.4% |
| Trade debts | 44 | €40,700 | €37,694 | -€3,006 | -7.4% |
| Suppliers | 440/4 | €40,700 | €37,694 | -€3,006 | -7.4% |
| Advances received on contracts in progress | 46 | €37,042 | €29,030 | -€8,012 | -21.6% |
| Taxes, remuneration and social security | 45 | €3,006 | €2,934 | -€72 | -2.4% |
| Taxes | 450/3 | €3,006 | €2,934 | -€72 | -2.4% |
| Other amounts payable | 47/48 | €78,238 | €79,165 | +€927 | +1.2% |
| Accrued charges and deferred income | 492/3 | €2,308 | - | -€2,308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,037 | €5,892 | -€1,145 | -16.3% |
| Other operating charges | 640/8 | €1,677 | €2,008 | +€331 | +19.7% |
| Gross operating margin | 9900 | -€32,297 | -€7,173 | +€25,123 | +77.8% |
| Operating profit (loss) | 9901 | -€41,011 | -€15,073 | +€25,938 | +63.2% |
| Financial income | 75/76B | €107 | €0 | -€107 | -99.9% |
| Recurring financial income | 75 | €107 | €0 | -€107 | -99.9% |
| Financial charges | 65/66B | €528 | €1,446 | +€918 | +173.9% |
| Recurring financial charges | 65 | €528 | €1,446 | +€918 | +173.9% |
| Profit (loss) for the period before taxes | 9903 | -€41,432 | -€16,520 | +€24,912 | +60.1% |
| Profit (loss) for the period | 9904 | -€41,432 | -€16,520 | +€24,912 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,432 | -€16,520 | +€24,912 | +60.1% |
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 12 October 2026 via checked.be.