Menuiserie DS: 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 DS
Largest movements
- Cash +€57,961
up €57,961 (+59.0%), from €98,226 to €156,187
mainly Debts after one year (+€47,106) and Depreciation (+€39,600)
- Tangible fixed assets +€6,576
up €6,576 (+6.4%), from €102,561 to €109,137
of which Furniture and vehicles: +€10,728
- Debts after one year +€47,106
up €47,106 (+569%), from €8,285 to €55,391
- Trade debts +€13,356
up €13,356 (+50.4%), from €26,494 to €39,849
- Other debts +€11,595
up €11,595 (+36.1%), from €32,140 to €43,735
- Profit (loss) carried forward -€10,113
down €10,113 (-6.8%), from €148,292 to €138,179
- Current portion of long-term debt +€3,892
up €3,892 (+20.1%), from €19,322 to €23,214
- Gross operating margin +€72,093
up €72,093 (+61.4%), from €117,485 to €189,578
- Staff costs +€69,390
up €69,390 (+187%), from €37,112 to €106,502
- Depreciation +€7,264
up €7,264 (+22.5%), from €32,336 to €39,600
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 | €248,350 | €313,873 | +€65,523 | +26.4% |
| Fixed assets | 21/28 | €104,631 | €111,207 | +€6,576 | +6.3% |
| Tangible fixed assets | 22/27 | €102,561 | €109,137 | +€6,576 | +6.4% |
| Plant, machinery and equipment | 23 | €53,274 | €49,122 | -€4,152 | -7.8% |
| Furniture and vehicles | 24 | €49,287 | €60,015 | +€10,728 | +21.8% |
| Financial fixed assets | 28 | €2,070 | €2,070 | = | 0.0% |
| Current assets | 29/58 | €143,719 | €202,666 | +€58,947 | +41.0% |
| Amounts receivable within one year | 40/41 | €43,412 | €44,908 | +€1,496 | +3.4% |
| Trade receivables | 40 | €19,302 | €19,663 | +€361 | +1.9% |
| Other amounts receivable | 41 | €24,111 | €25,245 | +€1,134 | +4.7% |
| Cash at bank and in hand | 54/58 | €98,226 | €156,187 | +€57,961 | +59.0% |
| Deferred charges and accrued income | 490/1 | €2,080 | €1,571 | -€509 | -24.5% |
| Total equity and liabilities | 10/49 | €248,350 | €313,873 | +€65,523 | +26.4% |
| Equity | 10/15 | €160,792 | €150,679 | -€10,113 | -6.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,292 | €138,179 | -€10,113 | -6.8% |
| Amounts payable | 17/49 | €87,558 | €163,194 | +€75,636 | +86.4% |
| Amounts payable after more than one year | 17 | €8,285 | €55,391 | +€47,106 | +569% |
| Financial debts | 170/4 | €8,285 | €55,391 | +€47,106 | +569% |
| Amounts payable within one year | 42/48 | €78,160 | €107,804 | +€29,644 | +37.9% |
| Current portion of amounts payable after more than one year | 42 | €19,322 | €23,214 | +€3,892 | +20.1% |
| Trade debts | 44 | €26,494 | €39,849 | +€13,356 | +50.4% |
| Suppliers | 440/4 | €26,494 | €39,849 | +€13,356 | +50.4% |
| Taxes, remuneration and social security | 45 | €204 | €1,005 | +€801 | +392% |
| Remuneration and social security | 454/9 | €204 | €1,005 | +€801 | +392% |
| Other amounts payable | 47/48 | €32,140 | €43,735 | +€11,595 | +36.1% |
| Accrued charges and deferred income | 492/3 | €1,114 | - | -€1,114 | |
| Non-recurring operating income | 76A | - | €61 | +€61 | |
| Remuneration, social security and pensions | 62 | €37,112 | €106,502 | +€69,390 | +187% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,336 | €39,600 | +€7,264 | +22.5% |
| Other operating charges | 640/8 | €1,354 | €658 | -€696 | -51.4% |
| Non-recurring operating charges | 66A | €198 | €365 | +€167 | +84.3% |
| Gross operating margin | 9900 | €117,485 | €189,578 | +€72,093 | +61.4% |
| Operating profit (loss) | 9901 | €46,484 | €42,453 | -€4,032 | -8.7% |
| Financial income | 75/76B | €8 | €9 | +€2 | +21.3% |
| Recurring financial income | 75 | €8 | €9 | +€2 | +21.3% |
| Financial charges | 65/66B | €3,480 | €4,575 | +€1,094 | +31.4% |
| Recurring financial charges | 65 | €2,733 | €4,575 | +€1,841 | +67.4% |
| Non-recurring financial charges | 66B | €747 | - | -€747 | |
| Profit (loss) for the period before taxes | 9903 | €43,012 | €37,887 | -€5,124 | -11.9% |
| Income taxes | 67/77 | €7,717 | €8,000 | +€283 | +3.7% |
| Profit (loss) for the period | 9904 | €35,294 | €29,887 | -€5,407 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,294 | €29,887 | -€5,407 | -15.3% |
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 19 October 2026 via checked.be.