Menuiserie Benoît POLET: 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 Benoît POLET
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€46,025
down €46,025 (-28.7%), from €160,612 to €114,587
mainly Current investments (-€50,000) and Debts after one year (-€22,820)
- Tangible fixed assets -€33,539
down €33,539 (-25.3%), from €132,346 to €98,807
of which Furniture and vehicles: -€23,296
- Receivables within one year -€7,630
down €7,630 (-8.0%), from €95,236 to €87,606
of which Trade receivables: -€11,104
- Debts after one year -€22,820
down €22,820 (-42.8%), from €53,279 to €30,460
- Reserves -€22,221
down €22,221 (-7.8%), from €284,758 to €262,537
of which Distributable reserves: -€20,361
- Other debts +€16,602
up €16,602 (+7,909%), from €210 to €16,812
- Tax, wage and social debts -€14,219
down €14,219 (-69.2%), from €20,558 to €6,339
of which Taxes: -€12,443
- Trade debts +€4,823
up €4,823 (+21.7%), from €22,182 to €27,005
- Gross operating margin -€55,688
down €55,688 (-25.4%), from €219,177 to €163,490
- Taxes -€10,100
down €10,100 (-93.2%), from €10,836 to €736
- Staff costs -€7,065
down €7,065 (-5.5%), from €128,961 to €121,895
- Other operating charges -€4,143
down €4,143 (-61.5%), from €6,734 to €2,592
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 | €410,008 | €372,172 | -€37,835 | -9.2% |
| Fixed assets | 21/28 | €132,802 | €99,993 | -€32,809 | -24.7% |
| Tangible fixed assets | 22/27 | €132,346 | €98,807 | -€33,539 | -25.3% |
| Plant, machinery and equipment | 23 | €41,350 | €31,108 | -€10,242 | -24.8% |
| Furniture and vehicles | 24 | €90,996 | €67,700 | -€23,296 | -25.6% |
| Financial fixed assets | 28 | €456 | €1,186 | +€730 | +160% |
| Current assets | 29/58 | €277,206 | €272,179 | -€5,027 | -1.8% |
| Stocks and contracts in progress | 3 | €12,782 | €10,787 | -€1,996 | -15.6% |
| Stocks | 30/36 | €12,782 | €10,787 | -€1,996 | -15.6% |
| Amounts receivable within one year | 40/41 | €95,236 | €87,606 | -€7,630 | -8.0% |
| Trade receivables | 40 | €82,338 | €71,234 | -€11,104 | -13.5% |
| Other amounts receivable | 41 | €12,898 | €16,372 | +€3,474 | +26.9% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €160,612 | €114,587 | -€46,025 | -28.7% |
| Deferred charges and accrued income | 490/1 | €8,576 | €9,199 | +€624 | +7.3% |
| Total equity and liabilities | 10/49 | €410,008 | €372,172 | -€37,835 | -9.2% |
| Equity | 10/15 | €290,958 | €268,737 | -€22,221 | -7.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €284,758 | €262,537 | -€22,221 | -7.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €282,898 | €262,537 | -€20,361 | -7.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €119,050 | €103,435 | -€15,615 | -13.1% |
| Amounts payable after more than one year | 17 | €53,279 | €30,460 | -€22,820 | -42.8% |
| Financial debts | 170/4 | €53,279 | €30,460 | -€22,820 | -42.8% |
| Amounts payable within one year | 42/48 | €65,770 | €72,976 | +€7,205 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €21,918 | €22,820 | +€902 | +4.1% |
| Trade debts | 44 | €22,182 | €27,005 | +€4,823 | +21.7% |
| Suppliers | 440/4 | €22,182 | €27,005 | +€4,823 | +21.7% |
| Advances received on contracts in progress | 46 | €903 | €0 | -€903 | -100% |
| Taxes, remuneration and social security | 45 | €20,558 | €6,339 | -€14,219 | -69.2% |
| Taxes | 450/3 | €16,543 | €4,100 | -€12,443 | -75.2% |
| Remuneration and social security | 454/9 | €4,015 | €2,239 | -€1,776 | -44.2% |
| Other amounts payable | 47/48 | €210 | €16,812 | +€16,602 | +7,909% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €128,961 | €121,895 | -€7,065 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,939 | €41,799 | +€860 | +2.1% |
| Other operating charges | 640/8 | €6,734 | €2,592 | -€4,143 | -61.5% |
| Gross operating margin | 9900 | €219,177 | €163,490 | -€55,688 | -25.4% |
| Operating profit (loss) | 9901 | €42,543 | -€2,796 | -€45,339 | |
| Financial income | 75/76B | €23 | €1,395 | +€1,372 | +5,902% |
| Recurring financial income | 75 | €23 | €1,395 | +€1,372 | +5,902% |
| Financial charges | 65/66B | €3,395 | €3,272 | -€123 | -3.6% |
| Recurring financial charges | 65 | €3,395 | €3,272 | -€123 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €39,172 | -€4,673 | -€43,845 | |
| Income taxes | 67/77 | €10,836 | €736 | -€10,100 | -93.2% |
| Profit (loss) for the period | 9904 | €28,336 | -€5,409 | -€33,745 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,336 | -€5,409 | -€33,745 |
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 31 October 2026 via checked.be.