MENUISERIE BRAHY: 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 BRAHY
Largest movements
- Cash -€46,694
down €46,694 (-31.9%), from €146,211 to €99,517
mainly Advances received (-€274,381) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets -€13,994
down €13,994 (-16.3%), from €85,771 to €71,777
of which Plant, machinery and equipment: -€27,844
- Receivables within one year -€13,925
down €13,925 (-6.3%), from €220,694 to €206,770
of which Trade receivables: -€20,165
- Deferred charges and accrued income -€7,857
down €7,857 (-56.6%), from €13,884 to €6,027
- Advances received -€274,381
no longer reported in 2025 (was €274,381)
- Reserves +€128,765
up €128,765 (+592%), from €21,733 to €150,498
of which Distributable reserves: +€128,765
- Other debts +€50,828
new in 2025: €50,828
- Tax, wage and social debts +€24,507
up €24,507 (+282%), from €8,695 to €33,202
of which Taxes: +€27,064
- Trade debts -€23,383
down €23,383 (-23.1%), from €101,382 to €77,998
- Gross operating margin +€256,748
up €256,748 (+97.7%), from €262,840 to €519,587
- Provisions +€68,540
up €68,540 (+97.9%), from -€70,000 to -€1,460
- Taxes +€56,589
up €56,589 (+34,899%), from €162 to €56,751
- Staff costs -€41,113
down €41,113 (-14.8%), from €278,617 to €237,504
- Depreciation +€13,941
up €13,941 (+44.3%), from €31,481 to €45,422
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 | €488,341 | €407,776 | -€80,565 | -16.5% |
| Fixed assets | 21/28 | €86,727 | €72,702 | -€14,025 | -16.2% |
| Tangible fixed assets | 22/27 | €85,771 | €71,777 | -€13,994 | -16.3% |
| Plant, machinery and equipment | 23 | €67,438 | €39,595 | -€27,844 | -41.3% |
| Furniture and vehicles | 24 | €18,007 | €32,019 | +€14,012 | +77.8% |
| Other tangible fixed assets | 26 | €326 | €163 | -€163 | -50.0% |
| Financial fixed assets | 28 | €957 | €926 | -€31 | -3.2% |
| Current assets | 29/58 | €401,613 | €335,073 | -€66,540 | -16.6% |
| Stocks and contracts in progress | 3 | €20,824 | €22,760 | +€1,936 | +9.3% |
| Stocks | 30/36 | €20,824 | €22,760 | +€1,936 | +9.3% |
| Amounts receivable within one year | 40/41 | €220,694 | €206,770 | -€13,925 | -6.3% |
| Trade receivables | 40 | €91,715 | €71,550 | -€20,165 | -22.0% |
| Other amounts receivable | 41 | €128,980 | €135,219 | +€6,240 | +4.8% |
| Cash at bank and in hand | 54/58 | €146,211 | €99,517 | -€46,694 | -31.9% |
| Deferred charges and accrued income | 490/1 | €13,884 | €6,027 | -€7,857 | -56.6% |
| Total equity and liabilities | 10/49 | €488,341 | €407,776 | -€80,565 | -16.5% |
| Equity | 10/15 | €40,293 | €169,058 | +€128,765 | +320% |
| Contributions | 10/11 | €18,560 | €18,560 | = | 0.0% |
| Reserves | 13 | €21,733 | €150,498 | +€128,765 | +592% |
| Tax-exempt reserves | 132 | €7,589 | €7,589 | = | 0.0% |
| Distributable reserves | 133 | €14,144 | €142,909 | +€128,765 | +910% |
| Amounts payable | 17/49 | €448,048 | €238,718 | -€209,330 | -46.7% |
| Amounts payable after more than one year | 17 | €50,395 | €57,254 | +€6,860 | +13.6% |
| Financial debts | 170/4 | €50,395 | €57,254 | +€6,860 | +13.6% |
| Amounts payable within one year | 42/48 | €397,653 | €181,464 | -€216,190 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €13,196 | €19,435 | +€6,239 | +47.3% |
| Trade debts | 44 | €101,382 | €77,998 | -€23,383 | -23.1% |
| Suppliers | 440/4 | €101,382 | €77,998 | -€23,383 | -23.1% |
| Advances received on contracts in progress | 46 | €274,381 | - | -€274,381 | |
| Taxes, remuneration and social security | 45 | €8,695 | €33,202 | +€24,507 | +282% |
| Taxes | 450/3 | €618 | €27,682 | +€27,064 | +4,376% |
| Remuneration and social security | 454/9 | €8,077 | €5,520 | -€2,557 | -31.7% |
| Other amounts payable | 47/48 | - | €50,828 | +€50,828 | |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €278,617 | €237,504 | -€41,113 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,481 | €45,422 | +€13,941 | +44.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,460 | -€1,460 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€70,000 | -€1,460 | +€68,540 | +97.9% |
| Other operating charges | 640/8 | €2,842 | €1,624 | -€1,218 | -42.9% |
| Non-recurring operating charges | 66A | €45,000 | - | -€45,000 | |
| Gross operating margin | 9900 | €262,840 | €519,587 | +€256,748 | +97.7% |
| Operating profit (loss) | 9901 | -€25,101 | €237,958 | +€263,058 | |
| Financial income | 75/76B | €397 | €942 | +€544 | +137% |
| Recurring financial income | 75 | €397 | €942 | +€544 | +137% |
| Financial charges | 65/66B | €2,096 | €3,383 | +€1,288 | +61.4% |
| Recurring financial charges | 65 | €2,079 | €3,383 | +€1,304 | +62.7% |
| Non-recurring financial charges | 66B | €17 | - | -€17 | |
| Profit (loss) for the period before taxes | 9903 | -€26,799 | €235,516 | +€262,315 | |
| Income taxes | 67/77 | €162 | €56,751 | +€56,589 | +34,899% |
| Profit (loss) for the period | 9904 | -€26,961 | €178,765 | +€205,726 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,961 | €178,765 | +€205,726 |
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 18 October 2026 via checked.be.