MENUISERIE D’HAENE: 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 D’HAENE
Largest movements
- Receivables within one year -€16,212
down €16,212 (-17.8%), from €90,830 to €74,618
of which Other amounts receivable: -€13,212
- Tangible fixed assets -€9,501
down €9,501 (-12.7%), from €74,917 to €65,415
of which Furniture and vehicles: -€11,690
- Deferred charges and accrued income +€8,340
up €8,340 (+418%), from €1,996 to €10,336
- Trade debts -€37,069
down €37,069 (-49.8%), from €74,502 to €37,433
- Current portion of long-term debt +€7,461
up €7,461 (+53.9%), from €13,837 to €21,298
- Debts after one year +€4,614
up €4,614 (+19.1%), from €24,097 to €28,711
- Short-term financial debts +€4,055
up €4,055 (+19.1%), from €21,204 to €25,259
- Tax, wage and social debts +€3,457
up €3,457 (+109%), from €3,180 to €6,637
of which Remuneration and social security: +€2,457
- Staff costs +€42,422
up €42,422 (+75.9%), from €55,927 to €98,349
- Gross operating margin +€39,003
up €39,003 (+41.7%), from €93,559 to €132,561
- Depreciation +€12,012
up €12,012 (+88.8%), from €13,533 to €25,545
- Taxes -€4,183
down €4,183, from €3,552 to -€631
- Other operating charges -€1,740
down €1,740 (-26.1%), from €6,669 to €4,930
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 | €237,032 | €220,703 | -€16,329 | -6.9% |
| Fixed assets | 21/28 | €77,139 | €67,638 | -€9,501 | -12.3% |
| Tangible fixed assets | 22/27 | €74,917 | €65,415 | -€9,501 | -12.7% |
| Furniture and vehicles | 24 | €41,356 | €29,667 | -€11,690 | -28.3% |
| Leasing and similar rights | 25 | €33,560 | €22,357 | -€11,203 | -33.4% |
| Assets under construction and advance payments | 27 | - | €13,391 | +€13,391 | |
| Financial fixed assets | 28 | €2,222 | €2,222 | = | 0.0% |
| Current assets | 29/58 | €159,893 | €153,066 | -€6,827 | -4.3% |
| Stocks and contracts in progress | 3 | €66,657 | €67,766 | +€1,109 | +1.7% |
| Stocks | 30/36 | €66,657 | €67,766 | +€1,109 | +1.7% |
| Amounts receivable within one year | 40/41 | €90,830 | €74,618 | -€16,212 | -17.8% |
| Trade receivables | 40 | €69,266 | €66,266 | -€3,000 | -4.3% |
| Other amounts receivable | 41 | €21,564 | €8,352 | -€13,212 | -61.3% |
| Cash at bank and in hand | 54/58 | €410 | €346 | -€64 | -15.7% |
| Deferred charges and accrued income | 490/1 | €1,996 | €10,336 | +€8,340 | +418% |
| Total equity and liabilities | 10/49 | €237,032 | €220,703 | -€16,329 | -6.9% |
| Equity | 10/15 | €78,954 | €80,074 | +€1,120 | +1.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,200 | €7,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Legal reserve | 130 | €477 | €477 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,723 | €6,723 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,754 | €9,974 | +€220 | +2.3% |
| Investment grants | 15 | - | €900 | +€900 | |
| Amounts payable | 17/49 | €158,078 | €140,630 | -€17,448 | -11.0% |
| Amounts payable after more than one year | 17 | €24,097 | €28,711 | +€4,614 | +19.1% |
| Financial debts | 170/4 | €24,097 | €28,711 | +€4,614 | +19.1% |
| Amounts payable within one year | 42/48 | €133,981 | €111,918 | -€22,062 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €13,837 | €21,298 | +€7,461 | +53.9% |
| Financial debts | 43 | €21,204 | €25,259 | +€4,055 | +19.1% |
| Credit institutions | 430/8 | €21,204 | €25,259 | +€4,055 | +19.1% |
| Trade debts | 44 | €74,502 | €37,433 | -€37,069 | -49.8% |
| Suppliers | 440/4 | €74,502 | €37,433 | -€37,069 | -49.8% |
| Taxes, remuneration and social security | 45 | €3,180 | €6,637 | +€3,457 | +109% |
| Taxes | 450/3 | - | €1,000 | +€1,000 | |
| Remuneration and social security | 454/9 | €3,180 | €5,637 | +€2,457 | +77.3% |
| Other amounts payable | 47/48 | €21,258 | €21,291 | +€33 | +0.2% |
| Remuneration, social security and pensions | 62 | €55,927 | €98,349 | +€42,422 | +75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,533 | €25,545 | +€12,012 | +88.8% |
| Other operating charges | 640/8 | €6,669 | €4,930 | -€1,740 | -26.1% |
| Gross operating margin | 9900 | €93,559 | €132,561 | +€39,003 | +41.7% |
| Operating profit (loss) | 9901 | €17,429 | €3,737 | -€13,692 | -78.6% |
| Financial income | 75/76B | - | €296 | +€296 | |
| Recurring financial income | 75 | - | €296 | +€296 | |
| Financial charges | 65/66B | €3,519 | €4,445 | +€925 | +26.3% |
| Recurring financial charges | 65 | €3,519 | €4,445 | +€925 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €13,910 | -€411 | -€14,321 | |
| Income taxes | 67/77 | €3,552 | -€631 | -€4,183 | |
| Profit (loss) for the period | 9904 | €10,358 | €220 | -€10,138 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,358 | €220 | -€10,138 | -97.9% |
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 26 October 2026 via checked.be.