MENUISERIE BERTRAND: 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 BERTRAND
Largest movements
- Cash -€77,113
down €77,113 (-96.5%), from €79,894 to €2,781
mainly Trade debts (-€54,596) and Other debts (-€41,182)
- Receivables within one year -€36,977
down €36,977 (-49.2%), from €75,083 to €38,106
of which Trade receivables: -€36,621
- Tangible fixed assets -€34,117
down €34,117 (-24.9%), from €136,885 to €102,768
of which Plant, machinery and equipment: -€37,788
- Stocks and contracts +€26,000
up €26,000 (+263%), from €9,870 to €35,870
- Intangible fixed assets -€6,000
down €6,000 (-29.7%), from €20,236 to €14,236
- Trade debts -€54,596
down €54,596 (-44.1%), from €123,668 to €69,072
- Other debts -€41,182
down €41,182 (-53.8%), from €76,566 to €35,385
- Debts after one year -€19,659
down €19,659 (-27.7%), from €70,952 to €51,293
- Profit (loss) carried forward -€14,632
down €14,632 (-85.7%), from €17,080 to €2,448
- Current portion of long-term debt -€5,367
down €5,367 (-21.4%), from €25,027 to €19,659
- Gross operating margin -€17,227
down €17,227 (-14.4%), from €119,674 to €102,447
- Staff costs +€8,172
up €8,172 (+14.1%), from €58,131 to €66,303
- Depreciation +€2,057
up €2,057 (+4.8%), from €42,496 to €44,553
- Other operating charges -€1,641
down €1,641 (-71.0%), from €2,311 to €670
- Financial charges +€1,451
up €1,451 (+54.2%), from €2,680 to €4,131
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 | €330,355 | €200,268 | -€130,087 | -39.4% |
| Fixed assets | 21/28 | €157,637 | €117,519 | -€40,117 | -25.4% |
| Intangible fixed assets | 21 | €20,236 | €14,236 | -€6,000 | -29.7% |
| Tangible fixed assets | 22/27 | €136,885 | €102,768 | -€34,117 | -24.9% |
| Plant, machinery and equipment | 23 | €136,885 | €99,098 | -€37,788 | -27.6% |
| Furniture and vehicles | 24 | - | €3,670 | +€3,670 | |
| Financial fixed assets | 28 | €516 | €516 | = | 0.0% |
| Current assets | 29/58 | €172,719 | €82,748 | -€89,970 | -52.1% |
| Stocks and contracts in progress | 3 | €9,870 | €35,870 | +€26,000 | +263% |
| Stocks | 30/36 | €9,870 | €35,870 | +€26,000 | +263% |
| Amounts receivable within one year | 40/41 | €75,083 | €38,106 | -€36,977 | -49.2% |
| Trade receivables | 40 | €74,728 | €38,106 | -€36,621 | -49.0% |
| Other amounts receivable | 41 | €356 | - | -€356 | |
| Cash at bank and in hand | 54/58 | €79,894 | €2,781 | -€77,113 | -96.5% |
| Deferred charges and accrued income | 490/1 | €7,871 | €5,991 | -€1,880 | -23.9% |
| Total equity and liabilities | 10/49 | €330,355 | €200,268 | -€130,087 | -39.4% |
| Equity | 10/15 | €27,080 | €12,448 | -€14,632 | -54.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,080 | €2,448 | -€14,632 | -85.7% |
| Amounts payable | 17/49 | €303,275 | €187,820 | -€115,456 | -38.1% |
| Amounts payable after more than one year | 17 | €70,952 | €51,293 | -€19,659 | -27.7% |
| Financial debts | 170/4 | €70,952 | €51,293 | -€19,659 | -27.7% |
| Amounts payable within one year | 42/48 | €232,323 | €136,527 | -€95,796 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €25,027 | €19,659 | -€5,367 | -21.4% |
| Trade debts | 44 | €123,668 | €69,072 | -€54,596 | -44.1% |
| Suppliers | 440/4 | €123,668 | €69,072 | -€54,596 | -44.1% |
| Taxes, remuneration and social security | 45 | €7,062 | €12,411 | +€5,349 | +75.7% |
| Taxes | 450/3 | €6,416 | €9,839 | +€3,423 | +53.3% |
| Remuneration and social security | 454/9 | €646 | €2,572 | +€1,926 | +298% |
| Other amounts payable | 47/48 | €76,566 | €35,385 | -€41,182 | -53.8% |
| Remuneration, social security and pensions | 62 | €58,131 | €66,303 | +€8,172 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,496 | €44,553 | +€2,057 | +4.8% |
| Other operating charges | 640/8 | €2,311 | €670 | -€1,641 | -71.0% |
| Gross operating margin | 9900 | €119,674 | €102,447 | -€17,227 | -14.4% |
| Operating profit (loss) | 9901 | €16,736 | -€9,079 | -€25,816 | |
| Financial income | 75/76B | €252 | - | -€252 | |
| Recurring financial income | 75 | €252 | - | -€252 | |
| Financial charges | 65/66B | €2,680 | €4,131 | +€1,451 | +54.2% |
| Recurring financial charges | 65 | €2,680 | €4,131 | +€1,451 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €14,309 | -€13,211 | -€27,519 | |
| Income taxes | 67/77 | €1,703 | €1,421 | -€282 | -16.6% |
| Profit (loss) for the period | 9904 | €12,606 | -€14,632 | -€27,237 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,606 | -€14,632 | -€27,237 |
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 30 October 2026 via checked.be.