MD 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.
MD MENUISERIE
Largest movements
- Receivables within one year +€10,534
up €10,534 (+42.7%), from €24,666 to €35,201
of which Trade receivables: +€15,107
- Tangible fixed assets -€4,647
down €4,647 (-22.8%), from €20,337 to €15,690
of which Furniture and vehicles: -€5,261
- Cash +€3,649
up €3,649 (+8.3%), from €44,223 to €47,872
mainly Other debts (+€41,785) and Net result for the year (+€31,230)
- Other debts +€41,785
up €41,785 (+299.8%), from €13,939 to €55,724
- Reserves -€24,494
down €24,494 (-42.9%), from €57,136 to €32,642
- Advances received -€10,950
down €10,950 (-100.0%), from €10,950 to €0
- Tax, wage and social debts +€4,468
up €4,468 (+241.4%), from €1,851 to €6,318
of which Taxes: +€2,989
- Gross operating margin +€26,733
up €26,733 (+32.1%), from €83,157 to €109,890
- Staff costs +€12,386
up €12,386 (+28.2%), from €43,941 to €56,327
- Taxes +€7,806
up €7,806 (+172.2%), from €4,534 to €12,340
- Depreciation +€3,901
up €3,901 (+120.9%), from €3,227 to €7,128
- Other operating charges +€2,093
up €2,093 (+390.5%), from €536 to €2,629
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 | €90,979 | €101,088 | +€10,109 | +11.1% |
| Fixed assets | 21/28 | €20,512 | €15,865 | -€4,647 | -22.7% |
| Tangible fixed assets | 22/27 | €20,337 | €15,690 | -€4,647 | -22.8% |
| Plant, machinery and equipment | 23 | €1,321 | €2,083 | +€763 | +57.7% |
| Furniture and vehicles | 24 | €18,869 | €13,607 | -€5,261 | -27.9% |
| Other tangible fixed assets | 26 | €148 | €0 | -€148 | -100.0% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €70,467 | €85,223 | +€14,756 | +20.9% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,666 | €35,201 | +€10,534 | +42.7% |
| Trade receivables | 40 | €12,618 | €27,725 | +€15,107 | +119.7% |
| Other amounts receivable | 41 | €12,049 | €7,476 | -€4,573 | -38.0% |
| Cash at bank and in hand | 54/58 | €44,223 | €47,872 | +€3,649 | +8.3% |
| Deferred charges and accrued income | 490/1 | €78 | €650 | +€572 | +736.5% |
| Total equity and liabilities | 10/49 | €90,979 | €101,088 | +€10,109 | +11.1% |
| Equity | 10/15 | €62,136 | €37,642 | -€24,494 | -39.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €57,136 | €32,642 | -€24,494 | -42.9% |
| Distributable reserves | 133 | €57,136 | €32,642 | -€24,494 | -42.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,843 | €63,446 | +€34,603 | +120.0% |
| Amounts payable within one year | 42/48 | €28,843 | €63,446 | +€34,603 | +120.0% |
| Trade debts | 44 | €2,103 | €1,403 | -€700 | -33.3% |
| Suppliers | 440/4 | €2,103 | €1,403 | -€700 | -33.3% |
| Advances received on contracts in progress | 46 | €10,950 | €0 | -€10,950 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,851 | €6,318 | +€4,468 | +241.4% |
| Taxes | 450/3 | €1,851 | €4,840 | +€2,989 | +161.5% |
| Remuneration and social security | 454/9 | €0 | €1,478 | +€1,478 | |
| Other amounts payable | 47/48 | €13,939 | €55,724 | +€41,785 | +299.8% |
| Remuneration, social security and pensions | 62 | €43,941 | €56,327 | +€12,386 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,227 | €7,128 | +€3,901 | +120.9% |
| Other operating charges | 640/8 | €536 | €2,629 | +€2,093 | +390.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €83,157 | €109,890 | +€26,733 | +32.1% |
| Operating profit (loss) | 9901 | €35,452 | €43,806 | +€8,354 | +23.6% |
| Financial income | 75/76B | €50 | €6 | -€44 | -87.3% |
| Recurring financial income | 75 | €50 | €6 | -€44 | -87.3% |
| Financial charges | 65/66B | €275 | €242 | -€33 | -12.1% |
| Recurring financial charges | 65 | €275 | €242 | -€33 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €35,227 | €43,570 | +€8,343 | +23.7% |
| Income taxes | 67/77 | €4,534 | €12,340 | +€7,806 | +172.2% |
| Profit (loss) for the period | 9904 | €30,693 | €31,230 | +€537 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,693 | €31,230 | +€537 | +1.8% |
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 11 October 2026 via checked.be.