MENUISERIE DELBART: what changed
Two fiscal 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 DELBART
Largest movements
- Stocks and contracts -€39,150
down €39,150 (-48.8%), from €80,258 to €41,107
- Cash -€26,342
down €26,342 (-38.8%), from €67,892 to €41,550
mainly Trade debts (-€86,878) and Debts after one year (-€13,973)
- Tangible fixed assets -€19,398
down €19,398 (-6.7%), from €289,601 to €270,203
of which Land and buildings: -€10,650
- Trade debts -€86,878
down €86,878 (-79.5%), from €109,215 to €22,336
- Accrued charges and deferred income +€15,368
up €15,368 (+267.0%), from €5,755 to €21,123
- Debts after one year -€13,973
down €13,973 (-6.7%), from €209,839 to €195,866
- Other debts -€9,231
down €9,231 (-41.0%), from €22,495 to €13,265
- Gross operating margin -€22,650
down €22,650 (-29.6%), from €76,501 to €53,851
- Other operating charges +€2,084
up €2,084 (+209.6%), from €994 to €3,078
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.
Cash bridge derived
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 | €475,348 | €386,955 | -€88,394 | -18.6% |
| Fixed assets | 21/28 | €289,678 | €270,203 | -€19,475 | -6.7% |
| Intangible fixed assets | 21 | €77 | €0 | -€77 | -100.0% |
| Tangible fixed assets | 22/27 | €289,601 | €270,203 | -€19,398 | -6.7% |
| Land and buildings | 22 | €261,112 | €250,462 | -€10,650 | -4.1% |
| Plant, machinery and equipment | 23 | €23,631 | €16,873 | -€6,757 | -28.6% |
| Furniture and vehicles | 24 | €2,994 | €2,102 | -€892 | -29.8% |
| Other tangible fixed assets | 26 | €1,864 | €766 | -€1,099 | -58.9% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €185,670 | €116,752 | -€68,919 | -37.1% |
| Stocks and contracts in progress | 3 | €80,258 | €41,107 | -€39,150 | -48.8% |
| Stocks | 30/36 | €80,258 | €41,107 | -€39,150 | -48.8% |
| Amounts receivable within one year | 40/41 | €22,482 | €23,018 | +€536 | +2.4% |
| Trade receivables | 40 | €7,389 | €17,370 | +€9,981 | +135.1% |
| Other amounts receivable | 41 | €15,094 | €5,648 | -€9,445 | -62.6% |
| Cash at bank and in hand | 54/58 | €67,892 | €41,550 | -€26,342 | -38.8% |
| Deferred charges and accrued income | 490/1 | €15,038 | €11,076 | -€3,962 | -26.3% |
| Total equity and liabilities | 10/49 | €475,348 | €386,955 | -€88,394 | -18.6% |
| Equity | 10/15 | €109,826 | €112,677 | +€2,851 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,539 | €15,539 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,679 | €13,679 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,095 | €64,522 | +€3,427 | +5.6% |
| Investment grants | 15 | €14,592 | €14,016 | -€576 | -3.9% |
| Amounts payable | 17/49 | €365,522 | €274,278 | -€91,245 | -25.0% |
| Amounts payable after more than one year | 17 | €209,839 | €195,866 | -€13,973 | -6.7% |
| Financial debts | 170/4 | €209,839 | €195,866 | -€13,973 | -6.7% |
| Amounts payable within one year | 42/48 | €149,929 | €57,289 | -€92,640 | -61.8% |
| Current portion of amounts payable after more than one year | 42 | €13,649 | €13,973 | +€323 | +2.4% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €109,215 | €22,336 | -€86,878 | -79.5% |
| Suppliers | 440/4 | €109,215 | €22,336 | -€86,878 | -79.5% |
| Taxes, remuneration and social security | 45 | €4,570 | €7,716 | +€3,146 | +68.8% |
| Taxes | 450/3 | €3,282 | €6,888 | +€3,606 | +109.9% |
| Remuneration and social security | 454/9 | €1,287 | €827 | -€460 | -35.8% |
| Other amounts payable | 47/48 | €22,495 | €13,265 | -€9,231 | -41.0% |
| Accrued charges and deferred income | 492/3 | €5,755 | €21,123 | +€15,368 | +267.0% |
| Remuneration, social security and pensions | 62 | €14,218 | €14,017 | -€201 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,590 | €19,475 | -€115 | -0.6% |
| Other operating charges | 640/8 | €994 | €3,078 | +€2,084 | +209.6% |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €76,501 | €53,851 | -€22,650 | -29.6% |
| Operating profit (loss) | 9901 | €41,699 | €17,281 | -€24,418 | -58.6% |
| Financial income | 75/76B | €588 | €672 | +€84 | +14.3% |
| Recurring financial income | 75 | €588 | €672 | +€84 | +14.3% |
| Financial charges | 65/66B | €7,288 | €7,752 | +€464 | +6.4% |
| Recurring financial charges | 65 | €7,288 | €7,752 | +€464 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €35,000 | €10,201 | -€24,799 | -70.9% |
| Income taxes | 67/77 | €480 | €774 | +€294 | +61.4% |
| Profit (loss) for the period | 9904 | €34,520 | €9,427 | -€25,093 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,520 | €9,427 | -€25,093 | -72.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.