Menuiserie AB Win: 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.
Menuiserie AB Win
Largest movements
- Cash +€181,746
up €181,746 (+333%), from €54,629 to €236,375
mainly Net result for the year (+€220,072) and Stocks and contracts (+€70,139)
- Receivables within one year +€112,388
up €112,388 (+99.5%), from €112,926 to €225,314
of which Trade receivables: +€82,790
- Stocks and contracts -€70,139
down €70,139 (-87.7%), from €79,977 to €9,838
- Tangible fixed assets -€18,200
down €18,200 (-3.8%), from €474,825 to €456,625
of which Land and buildings: -€22,044
- Profit (loss) carried forward +€82,540
up €82,540 (+33.1%), from €249,323 to €331,863
- Trade debts +€57,852
up €57,852 (+85.5%), from €67,637 to €125,489
of which Bills of exchange payable: +€36,914
- Other debts +€30,555
up €30,555 (+22.9%), from €133,400 to €163,956
- Investment grants +€22,096
new in 2025: €22,096
- Tax, wage and social debts +€21,694
up €21,694 (+818%), from €2,654 to €24,348
of which Taxes: +€12,979
- Gross operating margin +€148,034
up €148,034 (+59.2%), from €249,855 to €397,889
- Staff costs +€33,643
up €33,643 (+71.9%), from €46,759 to €80,402
- Taxes +€31,208
up €31,208 (+98.6%), from €31,643 to €62,852
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.
Derived cash bridge
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 | €728,017 | €935,269 | +€207,251 | +28.5% |
| Fixed assets | 21/28 | €474,825 | €456,625 | -€18,200 | -3.8% |
| Tangible fixed assets | 22/27 | €474,825 | €456,625 | -€18,200 | -3.8% |
| Land and buildings | 22 | €434,687 | €412,644 | -€22,044 | -5.1% |
| Plant, machinery and equipment | 23 | €6,548 | €2,855 | -€3,694 | -56.4% |
| Furniture and vehicles | 24 | €33,589 | €41,126 | +€7,537 | +22.4% |
| Current assets | 29/58 | €253,192 | €478,644 | +€225,452 | +89.0% |
| Stocks and contracts in progress | 3 | €79,977 | €9,838 | -€70,139 | -87.7% |
| Stocks | 30/36 | €79,977 | €9,838 | -€70,139 | -87.7% |
| Amounts receivable within one year | 40/41 | €112,926 | €225,314 | +€112,388 | +99.5% |
| Trade receivables | 40 | €75,824 | €158,614 | +€82,790 | +109% |
| Other amounts receivable | 41 | €37,102 | €66,700 | +€29,598 | +79.8% |
| Cash at bank and in hand | 54/58 | €54,629 | €236,375 | +€181,746 | +333% |
| Deferred charges and accrued income | 490/1 | €5,661 | €7,117 | +€1,457 | +25.7% |
| Total equity and liabilities | 10/49 | €728,017 | €935,269 | +€207,251 | +28.5% |
| Equity | 10/15 | €280,283 | €384,919 | +€104,636 | +37.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,360 | €12,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,500 | €10,500 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €249,323 | €331,863 | +€82,540 | +33.1% |
| Investment grants | 15 | - | €22,096 | +€22,096 | |
| Amounts payable | 17/49 | €447,734 | €550,350 | +€102,615 | +22.9% |
| Amounts payable after more than one year | 17 | €204,260 | €189,806 | -€14,455 | -7.1% |
| Financial debts | 170/4 | €204,260 | €189,806 | -€14,455 | -7.1% |
| Amounts payable within one year | 42/48 | €240,860 | €357,695 | +€116,835 | +48.5% |
| Current portion of amounts payable after more than one year | 42 | €15,151 | €14,455 | -€696 | -4.6% |
| Trade debts | 44 | €67,637 | €125,489 | +€57,852 | +85.5% |
| Suppliers | 440/4 | €67,352 | €88,290 | +€20,938 | +31.1% |
| Bills of exchange payable | 441 | €285 | €37,199 | +€36,914 | +12,952% |
| Advances received on contracts in progress | 46 | €22,018 | €29,448 | +€7,430 | +33.7% |
| Taxes, remuneration and social security | 45 | €2,654 | €24,348 | +€21,694 | +818% |
| Taxes | 450/3 | €2,400 | €15,379 | +€12,979 | +541% |
| Remuneration and social security | 454/9 | €254 | €8,969 | +€8,715 | +3,436% |
| Other amounts payable | 47/48 | €133,400 | €163,956 | +€30,555 | +22.9% |
| Accrued charges and deferred income | 492/3 | €2,614 | €2,849 | +€235 | +9.0% |
| Remuneration, social security and pensions | 62 | €46,759 | €80,402 | +€33,643 | +71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,122 | €34,860 | +€3,738 | +12.0% |
| Other operating charges | 640/8 | €1,152 | €1,373 | +€221 | +19.2% |
| Gross operating margin | 9900 | €249,855 | €397,889 | +€148,034 | +59.2% |
| Operating profit (loss) | 9901 | €170,822 | €281,254 | +€110,432 | +64.6% |
| Financial income | 75/76B | €10,095 | €10,603 | +€508 | +5.0% |
| Recurring financial income | 75 | €10,095 | €10,603 | +€508 | +5.0% |
| Financial charges | 65/66B | €11,217 | €8,934 | -€2,283 | -20.4% |
| Recurring financial charges | 65 | €11,217 | €8,934 | -€2,283 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €169,701 | €282,924 | +€113,223 | +66.7% |
| Income taxes | 67/77 | €31,643 | €62,852 | +€31,208 | +98.6% |
| Profit (loss) for the period | 9904 | €138,057 | €220,072 | +€82,015 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €138,057 | €220,072 | +€82,015 | +59.4% |
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 15 October 2026 via checked.be.