MENUISERIE CHEPPE: 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 CHEPPE
Largest movements
- Receivables within one year +€80,902
up €80,902 (+71.7%), from €112,785 to €193,687
of which Trade receivables: +€97,667
- Cash -€60,029
down €60,029 (-29.0%), from €207,346 to €147,317
mainly Receivables within one year (-€80,902) and Investment in fixed assets (net) (-€55,705)
- Stocks and contracts +€40,620
new in 2025: €40,620
- Accrued charges and deferred income +€39,909
up €39,909 (+342%), from €11,678 to €51,587
- Other debts +€19,556
up €19,556 (+124%), from €15,738 to €35,294
- Tax, wage and social debts +€16,938
up €16,938 (+88.2%), from €19,198 to €36,136
- Profit (loss) carried forward -€16,225
down €16,225 (-6.4%), from €254,952 to €238,727
- Staff costs +€46,295
up €46,295 (+20.8%), from €222,288 to €268,583
- Gross operating margin +€40,013
up €40,013 (+14.2%), from €281,024 to €321,037
- Depreciation +€11,162
up €11,162 (+24.3%), from €45,882 to €57,044
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 | €546,398 | €610,542 | +€64,144 | +11.7% |
| Fixed assets | 21/28 | €222,076 | €220,738 | -€1,338 | -0.6% |
| Tangible fixed assets | 22/27 | €221,664 | €220,326 | -€1,338 | -0.6% |
| Land and buildings | 22 | €61,537 | €52,933 | -€8,604 | -14.0% |
| Furniture and vehicles | 24 | €129,074 | €147,632 | +€18,558 | +14.4% |
| Leasing and similar rights | 25 | €31,052 | €19,761 | -€11,292 | -36.4% |
| Financial fixed assets | 28 | €412 | €412 | = | 0.0% |
| Current assets | 29/58 | €324,322 | €389,804 | +€65,482 | +20.2% |
| Stocks and contracts in progress | 3 | - | €40,620 | +€40,620 | |
| Stocks | 30/36 | - | €40,620 | +€40,620 | |
| Amounts receivable within one year | 40/41 | €112,785 | €193,687 | +€80,902 | +71.7% |
| Trade receivables | 40 | €88,352 | €186,020 | +€97,667 | +111% |
| Other amounts receivable | 41 | €24,432 | €7,667 | -€16,765 | -68.6% |
| Cash at bank and in hand | 54/58 | €207,346 | €147,317 | -€60,029 | -29.0% |
| Deferred charges and accrued income | 490/1 | €4,192 | €8,180 | +€3,988 | +95.1% |
| Total equity and liabilities | 10/49 | €546,398 | €610,542 | +€64,144 | +11.7% |
| Equity | 10/15 | €275,412 | €259,187 | -€16,225 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,952 | €238,727 | -€16,225 | -6.4% |
| Amounts payable | 17/49 | €270,986 | €351,355 | +€80,369 | +29.7% |
| Amounts payable after more than one year | 17 | €146,388 | €147,524 | +€1,136 | +0.8% |
| Financial debts | 170/4 | €146,388 | €147,524 | +€1,136 | +0.8% |
| Amounts payable within one year | 42/48 | €112,920 | €152,244 | +€39,324 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €32,449 | €35,768 | +€3,318 | +10.2% |
| Trade debts | 44 | €45,534 | €43,297 | -€2,237 | -4.9% |
| Suppliers | 440/4 | €45,534 | €43,297 | -€2,237 | -4.9% |
| Advances received on contracts in progress | 46 | - | €1,749 | +€1,749 | |
| Taxes, remuneration and social security | 45 | €19,198 | €36,136 | +€16,938 | +88.2% |
| Remuneration and social security | 454/9 | €19,198 | €36,136 | +€16,938 | +88.2% |
| Other amounts payable | 47/48 | €15,738 | €35,294 | +€19,556 | +124% |
| Accrued charges and deferred income | 492/3 | €11,678 | €51,587 | +€39,909 | +342% |
| Remuneration, social security and pensions | 62 | €222,288 | €268,583 | +€46,295 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,882 | €57,044 | +€11,162 | +24.3% |
| Other operating charges | 640/8 | €2,445 | €2,711 | +€266 | +10.9% |
| Non-recurring operating charges | 66A | €1,811 | - | -€1,811 | |
| Gross operating margin | 9900 | €281,024 | €321,037 | +€40,013 | +14.2% |
| Operating profit (loss) | 9901 | €8,599 | -€7,300 | -€15,900 | |
| Financial income | 75/76B | €853 | €250 | -€603 | -70.7% |
| Recurring financial income | 75 | €853 | €250 | -€603 | -70.7% |
| Financial charges | 65/66B | €7,117 | €9,175 | +€2,058 | +28.9% |
| Recurring financial charges | 65 | €7,117 | €9,175 | +€2,058 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €2,335 | -€16,225 | -€18,561 | |
| Profit (loss) for the period | 9904 | €2,335 | -€16,225 | -€18,561 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,335 | -€16,225 | -€18,561 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.