LR MENUISIER: what changed
Two fiscal 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.
LR MENUISIER
Largest movements
- Tangible fixed assets -€9,943
down €9,943 (-11.1%), from €89,252 to €79,309
of which Land and buildings: -€9,434
- Receivables within one year -€7,557
down €7,557 (-37.4%), from €20,199 to €12,641
of which Trade receivables: -€7,490
- Stocks and contracts -€4,603
down €4,603 (-30.7%), from €15,000 to €10,397
- Cash +€1,406
new in 2025: €1,406
mainly Depreciation (+€9,943) and Receivables within one year (+€7,557)
- Debts after one year -€10,626
down €10,626 (-14.5%), from €73,234 to €62,609
- Investment grants -€10,440
down €10,440 (-70.3%), from €14,851 to €4,411
- Trade debts -€9,975
down €9,975 (-59.6%), from €16,750 to €6,775
- Short-term financial debts +€6,588
up €6,588 (+449.7%), from €1,465 to €8,053
- Tax, wage and social debts +€1,686
up €1,686 (+43.2%), from €3,898 to €5,584
of which Remuneration and social security: +€1,902
- Turnover -€219,372
no longer reported in 2025 (was €219,372)
- Purchases and services -€207,656
no longer reported in 2025 (was €207,656)
- Gross operating margin -€14,191
down €14,191 (-54.0%), from €26,270 to €12,079
- Financial income +€7,679
up €7,679 (+275.2%), from €2,790 to €10,469
- Staff costs -€2,241
no longer reported in 2025 (was €2,241)
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 | €125,323 | €104,119 | -€21,205 | -16.9% |
| Fixed assets | 21/28 | €89,252 | €79,309 | -€9,943 | -11.1% |
| Tangible fixed assets | 22/27 | €89,252 | €79,309 | -€9,943 | -11.1% |
| Land and buildings | 22 | €87,950 | €78,516 | -€9,434 | -10.7% |
| Plant, machinery and equipment | 23 | €1,301 | €792 | -€509 | -39.1% |
| Current assets | 29/58 | €36,072 | €24,810 | -€11,262 | -31.2% |
| Stocks and contracts in progress | 3 | €15,000 | €10,397 | -€4,603 | -30.7% |
| Stocks | 30/36 | €15,000 | €10,397 | -€4,603 | -30.7% |
| Amounts receivable within one year | 40/41 | €20,199 | €12,641 | -€7,557 | -37.4% |
| Trade receivables | 40 | €8,203 | €712 | -€7,490 | -91.3% |
| Other amounts receivable | 41 | €11,996 | €11,929 | -€67 | -0.6% |
| Cash at bank and in hand | 54/58 | - | €1,406 | +€1,406 | |
| Deferred charges and accrued income | 490/1 | €873 | €366 | -€508 | -58.1% |
| Total equity and liabilities | 10/49 | €125,323 | €104,119 | -€21,205 | -16.9% |
| Equity | 10/15 | €19,566 | €10,354 | -€9,211 | -47.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,685 | -€6,456 | +€1,229 | +16.0% |
| Investment grants | 15 | €14,851 | €4,411 | -€10,440 | -70.3% |
| Amounts payable | 17/49 | €105,758 | €93,764 | -€11,993 | -11.3% |
| Amounts payable after more than one year | 17 | €73,234 | €62,609 | -€10,626 | -14.5% |
| Financial debts | 170/4 | €73,234 | €62,609 | -€10,626 | -14.5% |
| Amounts payable within one year | 42/48 | €32,523 | €31,156 | -€1,368 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €10,410 | €10,744 | +€334 | +3.2% |
| Financial debts | 43 | €1,465 | €8,053 | +€6,588 | +449.7% |
| Credit institutions | 430/8 | €1,465 | €8,053 | +€6,588 | +449.7% |
| Trade debts | 44 | €16,750 | €6,775 | -€9,975 | -59.6% |
| Suppliers | 440/4 | €16,750 | €6,775 | -€9,975 | -59.6% |
| Taxes, remuneration and social security | 45 | €3,898 | €5,584 | +€1,686 | +43.2% |
| Taxes | 450/3 | €3,898 | €3,682 | -€216 | -5.5% |
| Remuneration and social security | 454/9 | - | €1,902 | +€1,902 | |
| Turnover | 70 | €219,372 | - | -€219,372 | |
| Goods, raw materials, services and sundry goods | 60/61 | €207,656 | - | -€207,656 | |
| Remuneration, social security and pensions | 62 | €2,241 | - | -€2,241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,920 | €9,943 | +€23 | +0.2% |
| Other operating charges | 640/8 | €3,247 | €2,320 | -€927 | -28.6% |
| Gross operating margin | 9900 | €26,270 | €12,079 | -€14,191 | -54.0% |
| Operating profit (loss) | 9901 | €10,862 | -€183 | -€11,045 | |
| Financial income | 75/76B | €2,790 | €10,469 | +€7,679 | +275.2% |
| Recurring financial income | 75 | €2,790 | €10,469 | +€7,679 | +275.2% |
| Financial charges | 65/66B | €8,584 | €7,485 | -€1,099 | -12.8% |
| Recurring financial charges | 65 | €8,584 | €7,485 | -€1,099 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €5,068 | €2,801 | -€2,267 | -44.7% |
| Income taxes | 67/77 | €1,005 | €1,572 | +€567 | +56.4% |
| Profit (loss) for the period | 9904 | €4,063 | €1,229 | -€2,834 | -69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,063 | €1,229 | -€2,834 | -69.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.