MENUISERIE GT: 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 GT
Largest movements
- Receivables after one year +€24,559
new in 2025: €24,559
- Tangible fixed assets -€16,048
down €16,048 (-23.9%), from €67,019 to €50,971
of which Furniture and vehicles: -€12,134
- Receivables within one year -€14,857
down €14,857 (-36.9%), from €40,318 to €25,460
of which Other amounts receivable: -€10,830
- Intangible fixed assets -€13,333
down €13,333 (-53.3%), from €25,023 to €11,690
- Cash +€4,636
up €4,636 (+19.5%), from €23,817 to €28,454
mainly Depreciation (+€34,245) and Receivables within one year (+€14,857)
- Profit (loss) carried forward -€11,656
down €11,656 (-23.9%), from €48,820 to €37,164
- Debts after one year -€11,606
down €11,606 (-24.6%), from €47,192 to €35,586
- Trade debts +€5,009
up €5,009 (+79.9%), from €6,266 to €11,275
- Current portion of long-term debt +€2,300
up €2,300 (+24.7%), from €9,306 to €11,606
- Taxes +€7,262
up €7,262 (+1,463%), from €496 to €7,758
- Depreciation +€6,478
up €6,478 (+23.3%), from €27,767 to €34,245
- Gross operating margin -€4,599
down €4,599 (-12.2%), from €37,719 to €33,120
- Financial charges +€804
up €804 (+48.9%), from €1,645 to €2,449
- Other operating charges -€673
down €673 (-43.0%), from €1,565 to €891
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 | €156,177 | €141,134 | -€15,043 | -9.6% |
| Fixed assets | 21/28 | €92,042 | €62,661 | -€29,381 | -31.9% |
| Intangible fixed assets | 21 | €25,023 | €11,690 | -€13,333 | -53.3% |
| Tangible fixed assets | 22/27 | €67,019 | €50,971 | -€16,048 | -23.9% |
| Plant, machinery and equipment | 23 | €5,571 | €1,657 | -€3,914 | -70.3% |
| Furniture and vehicles | 24 | €61,448 | €49,314 | -€12,134 | -19.7% |
| Current assets | 29/58 | €64,135 | €78,473 | +€14,338 | +22.4% |
| Amounts receivable after more than one year | 29 | - | €24,559 | +€24,559 | |
| Trade receivables | 290 | - | €24,559 | +€24,559 | |
| Amounts receivable within one year | 40/41 | €40,318 | €25,460 | -€14,857 | -36.9% |
| Trade receivables | 40 | €28,300 | €24,272 | -€4,028 | -14.2% |
| Other amounts receivable | 41 | €12,018 | €1,188 | -€10,830 | -90.1% |
| Cash at bank and in hand | 54/58 | €23,817 | €28,454 | +€4,636 | +19.5% |
| Total equity and liabilities | 10/49 | €156,177 | €141,134 | -€15,043 | -9.6% |
| Equity | 10/15 | €89,831 | €78,175 | -€11,656 | -13.0% |
| Contributions | 10/11 | €30,011 | €30,011 | = | 0.0% |
| Reserves | 13 | €11,000 | €11,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,820 | €37,164 | -€11,656 | -23.9% |
| Amounts payable | 17/49 | €66,346 | €62,959 | -€3,387 | -5.1% |
| Amounts payable after more than one year | 17 | €47,192 | €35,586 | -€11,606 | -24.6% |
| Financial debts | 170/4 | €47,192 | €35,586 | -€11,606 | -24.6% |
| Amounts payable within one year | 42/48 | €19,154 | €27,373 | +€8,219 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €9,306 | €11,606 | +€2,300 | +24.7% |
| Trade debts | 44 | €6,266 | €11,275 | +€5,009 | +79.9% |
| Suppliers | 440/4 | €6,266 | €11,275 | +€5,009 | +79.9% |
| Taxes, remuneration and social security | 45 | €3,582 | €4,492 | +€910 | +25.4% |
| Taxes | 450/3 | €3,582 | €4,492 | +€910 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,767 | €34,245 | +€6,478 | +23.3% |
| Other operating charges | 640/8 | €1,565 | €891 | -€673 | -43.0% |
| Gross operating margin | 9900 | €37,719 | €33,120 | -€4,599 | -12.2% |
| Operating profit (loss) | 9901 | €8,387 | -€2,017 | -€10,403 | |
| Financial income | 75/76B | - | €567 | +€567 | |
| Recurring financial income | 75 | - | €567 | +€567 | |
| Financial charges | 65/66B | €1,645 | €2,449 | +€804 | +48.9% |
| Recurring financial charges | 65 | €1,645 | €2,449 | +€804 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €6,742 | -€3,898 | -€10,640 | |
| Income taxes | 67/77 | €496 | €7,758 | +€7,262 | +1,463% |
| Profit (loss) for the period | 9904 | €6,246 | -€11,656 | -€17,902 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,246 | -€11,656 | -€17,902 |
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.