MENUIS'ART: 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.
MENUIS'ART
Largest movements
- Receivables within one year +€7,430
up €7,430 (+99.1%), from €7,496 to €14,926
of which Trade receivables: +€8,403
- Cash +€6,129
up €6,129 (+75.8%), from €8,091 to €14,219
mainly Net result for the year (+€10,686) and Other debts (+€6,164)
- Tangible fixed assets +€921
up €921 (+280.6%), from €328 to €1,249
of which Furniture and vehicles: +€1,036
- Reserves +€10,000
up €10,000 (+537.6%), from €1,860 to €11,860
of which Distributable reserves: +€10,000
- Other debts +€6,164
up €6,164 (+214.1%), from €2,879 to €9,043
- Trade debts -€4,611
down €4,611 (-52.5%), from €8,787 to €4,176
- Accrued charges and deferred income +€1,100
new in 2025: €1,100
- Tax, wage and social debts +€1,019
up €1,019 (+187.9%), from €542 to €1,561
- Gross operating margin +€10,038
up €10,038 (+304.4%), from €3,298 to €13,336
- Taxes +€1,003
up €1,003 (+359.4%), from €279 to €1,282
- Depreciation +€284
up €284 (+245.9%), from €115 to €399
- Other operating charges +€237
up €237 (+44.6%), from €531 to €768
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 | €20,315 | €34,673 | +€14,358 | +70.7% |
| Fixed assets | 21/28 | €2,448 | €3,369 | +€921 | +37.6% |
| Tangible fixed assets | 22/27 | €328 | €1,249 | +€921 | +280.6% |
| Plant, machinery and equipment | 23 | €328 | €213 | -€115 | -35.2% |
| Furniture and vehicles | 24 | €0 | €1,036 | +€1,036 | |
| Financial fixed assets | 28 | €2,120 | €2,120 | = | 0.0% |
| Current assets | 29/58 | €17,867 | €31,304 | +€13,437 | +75.2% |
| Stocks and contracts in progress | 3 | €1,740 | €1,525 | -€215 | -12.4% |
| Stocks | 30/36 | €1,740 | €1,525 | -€215 | -12.4% |
| Amounts receivable within one year | 40/41 | €7,496 | €14,926 | +€7,430 | +99.1% |
| Trade receivables | 40 | €5,494 | €13,897 | +€8,403 | +153.0% |
| Other amounts receivable | 41 | €2,002 | €1,029 | -€974 | -48.6% |
| Cash at bank and in hand | 54/58 | €8,091 | €14,219 | +€6,129 | +75.8% |
| Deferred charges and accrued income | 490/1 | €540 | €634 | +€94 | +17.3% |
| Total equity and liabilities | 10/49 | €20,315 | €34,673 | +€14,358 | +70.7% |
| Equity | 10/15 | €8,107 | €18,793 | +€10,686 | +131.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €11,860 | +€10,000 | +537.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €47 | €733 | +€686 | +1462.1% |
| Amounts payable | 17/49 | €12,208 | €15,880 | +€3,672 | +30.1% |
| Amounts payable within one year | 42/48 | €12,208 | €14,780 | +€2,572 | +21.1% |
| Trade debts | 44 | €8,787 | €4,176 | -€4,611 | -52.5% |
| Suppliers | 440/4 | €8,787 | €4,176 | -€4,611 | -52.5% |
| Taxes, remuneration and social security | 45 | €542 | €1,561 | +€1,019 | +187.9% |
| Taxes | 450/3 | €542 | €1,561 | +€1,019 | +187.9% |
| Other amounts payable | 47/48 | €2,879 | €9,043 | +€6,164 | +214.1% |
| Accrued charges and deferred income | 492/3 | - | €1,100 | +€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115 | €399 | +€284 | +245.9% |
| Other operating charges | 640/8 | €531 | €768 | +€237 | +44.6% |
| Gross operating margin | 9900 | €3,298 | €13,336 | +€10,038 | +304.4% |
| Operating profit (loss) | 9901 | €2,652 | €12,169 | +€9,517 | +358.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -60.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -60.0% |
| Financial charges | 65/66B | €211 | €201 | -€10 | -4.6% |
| Recurring financial charges | 65 | €211 | €201 | -€10 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €2,441 | €11,968 | +€9,527 | +390.3% |
| Income taxes | 67/77 | €279 | €1,282 | +€1,003 | +359.4% |
| Profit (loss) for the period | 9904 | €2,162 | €10,686 | +€8,524 | +394.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,162 | €10,686 | +€8,524 | +394.3% |
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 5 October 2026 via checked.be.