MENUISERIE GENERALE GHISLAIN: 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 GENERALE GHISLAIN
Largest movements
- Receivables within one year +€14,645
up €14,645 (+152%), from €9,640 to €24,285
of which Trade receivables: +€12,359
- Cash +€5,388
up €5,388 (+12,713%), from €42 to €5,430
mainly Debts after one year (+€32,220) and Net result for the year (+€31,698)
- Tangible fixed assets +€2,806
up €2,806 (+80.0%), from €3,506 to €6,312
of which Furniture and vehicles: +€3,428
- Stocks and contracts +€552
up €552 (+6.6%), from €8,383 to €8,935
- Debts after one year +€32,220
new in 2025: €32,220
- Profit (loss) carried forward +€31,698
up €31,698 (+47.6%), from -€66,653 to -€34,954
- Other debts -€24,628
down €24,628 (-82.6%), from €29,806 to €5,178
- Short-term financial debts -€18,126
down €18,126 (-100%), from €18,126 to €0
- Current portion of long-term debt +€7,641
up €7,641, from €0 to €7,641
- Gross operating margin +€51,238
up €51,238, from -€3,881 to €47,356
- Staff costs +€3,616
up €3,616 (+76.2%), from €4,746 to €8,362
- Financial charges +€1,111
up €1,111 (+33.1%), from €3,355 to €4,466
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 | €26,144 | €49,151 | +€23,007 | +88.0% |
| Fixed assets | 21/28 | €6,569 | €9,326 | +€2,756 | +42.0% |
| Tangible fixed assets | 22/27 | €3,506 | €6,312 | +€2,806 | +80.0% |
| Plant, machinery and equipment | 23 | €1,899 | €1,277 | -€622 | -32.8% |
| Furniture and vehicles | 24 | €1,607 | €5,036 | +€3,428 | +213% |
| Financial fixed assets | 28 | €3,064 | €3,014 | -€50 | -1.6% |
| Current assets | 29/58 | €19,575 | €39,826 | +€20,251 | +103% |
| Amounts receivable after more than one year | 29 | €680 | €680 | = | 0.0% |
| Trade receivables | 290 | €680 | €0 | -€680 | -100% |
| Other amounts receivable | 291 | - | €680 | +€680 | |
| Stocks and contracts in progress | 3 | €8,383 | €8,935 | +€552 | +6.6% |
| Stocks | 30/36 | €8,383 | €8,935 | +€552 | +6.6% |
| Amounts receivable within one year | 40/41 | €9,640 | €24,285 | +€14,645 | +152% |
| Trade receivables | 40 | €5,244 | €17,603 | +€12,359 | +236% |
| Other amounts receivable | 41 | €4,396 | €6,682 | +€2,286 | +52.0% |
| Cash at bank and in hand | 54/58 | €42 | €5,430 | +€5,388 | +12,713% |
| Deferred charges and accrued income | 490/1 | €830 | €496 | -€334 | -40.2% |
| Total equity and liabilities | 10/49 | €26,144 | €49,151 | +€23,007 | +88.0% |
| Equity | 10/15 | -€32,567 | -€869 | +€31,698 | +97.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,653 | -€34,954 | +€31,698 | +47.6% |
| Amounts payable | 17/49 | €58,712 | €50,020 | -€8,692 | -14.8% |
| Amounts payable after more than one year | 17 | - | €32,220 | +€32,220 | |
| Financial debts | 170/4 | - | €32,220 | +€32,220 | |
| Amounts payable within one year | 42/48 | €58,712 | €17,800 | -€40,912 | -69.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €7,641 | +€7,641 | |
| Financial debts | 43 | €18,126 | €0 | -€18,126 | -100% |
| Credit institutions | 430/8 | €18,126 | €0 | -€18,126 | -100% |
| Trade debts | 44 | €9,760 | €3,807 | -€5,953 | -61.0% |
| Suppliers | 440/4 | €9,760 | €3,807 | -€5,953 | -61.0% |
| Taxes, remuneration and social security | 45 | €1,020 | €1,174 | +€154 | +15.1% |
| Taxes | 450/3 | €767 | €475 | -€292 | -38.1% |
| Remuneration and social security | 454/9 | €253 | €699 | +€447 | +177% |
| Other amounts payable | 47/48 | €29,806 | €5,178 | -€24,628 | -82.6% |
| Remuneration, social security and pensions | 62 | €4,746 | €8,362 | +€3,616 | +76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,495 | €1,846 | +€350 | +23.4% |
| Other operating charges | 640/8 | €831 | €790 | -€41 | -4.9% |
| Gross operating margin | 9900 | -€3,881 | €47,356 | +€51,238 | |
| Operating profit (loss) | 9901 | -€10,953 | €36,359 | +€47,312 | |
| Financial income | 75/76B | €1 | €148 | +€148 | +19,932% |
| Recurring financial income | 75 | €1 | €148 | +€148 | +19,932% |
| Financial charges | 65/66B | €3,355 | €4,466 | +€1,111 | +33.1% |
| Recurring financial charges | 65 | €3,355 | €4,466 | +€1,111 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,307 | €32,042 | +€46,349 | |
| Income taxes | 67/77 | €311 | €343 | +€32 | +10.3% |
| Profit (loss) for the period | 9904 | -€14,619 | €31,698 | +€46,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,619 | €31,698 | +€46,317 |
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 29 October 2026 via checked.be.