MENUISERIE HENRY: 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 HENRY
Largest movements
- Tangible fixed assets -€139,721
down €139,721 (-23.4%), from €597,682 to €457,961
of which Furniture and vehicles: -€86,641
- Cash +€99,421
up €99,421 (+114%), from €86,927 to €186,348
mainly Net result for the year (+€106,257) and Investment in fixed assets (net) (+€71,605)
- Receivables within one year -€18,533
down €18,533 (-9.3%), from €199,967 to €181,434
of which Other amounts receivable: -€22,390
- Debts after one year -€93,091
down €93,091 (-45.4%), from €205,148 to €112,057
- Reserves +€81,257
up €81,257 (+21.7%), from €374,968 to €456,225
of which Distributable reserves: +€81,257
- Trade debts -€27,980
down €27,980 (-22.7%), from €123,307 to €95,327
- Current portion of long-term debt -€27,217
down €27,217 (-26.2%), from €103,727 to €76,511
- Gross operating margin +€22,434
up €22,434 (+3.4%), from €658,044 to €680,478
- Staff costs -€18,966
down €18,966 (-4.3%), from €436,418 to €417,453
- Depreciation -€14,930
down €14,930 (-17.6%), from €84,878 to €69,948
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 | €911,058 | €848,505 | -€62,553 | -6.9% |
| Fixed assets | 21/28 | €605,755 | €464,201 | -€141,553 | -23.4% |
| Tangible fixed assets | 22/27 | €597,682 | €457,961 | -€139,721 | -23.4% |
| Land and buildings | 22 | €377,348 | €341,387 | -€35,961 | -9.5% |
| Plant, machinery and equipment | 23 | €115,138 | €98,018 | -€17,120 | -14.9% |
| Furniture and vehicles | 24 | €105,195 | €18,555 | -€86,641 | -82.4% |
| Financial fixed assets | 28 | €8,073 | €6,241 | -€1,832 | -22.7% |
| Current assets | 29/58 | €305,304 | €384,304 | +€79,000 | +25.9% |
| Stocks and contracts in progress | 3 | €12,489 | €8,951 | -€3,538 | -28.3% |
| Stocks | 30/36 | €12,489 | €8,951 | -€3,538 | -28.3% |
| Amounts receivable within one year | 40/41 | €199,967 | €181,434 | -€18,533 | -9.3% |
| Trade receivables | 40 | €147,420 | €151,277 | +€3,857 | +2.6% |
| Other amounts receivable | 41 | €52,547 | €30,157 | -€22,390 | -42.6% |
| Cash at bank and in hand | 54/58 | €86,927 | €186,348 | +€99,421 | +114% |
| Deferred charges and accrued income | 490/1 | €5,921 | €7,572 | +€1,651 | +27.9% |
| Total equity and liabilities | 10/49 | €911,058 | €848,505 | -€62,553 | -6.9% |
| Equity | 10/15 | €436,968 | €518,225 | +€81,257 | +18.6% |
| 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 | €374,968 | €456,225 | +€81,257 | +21.7% |
| Non-distributable reserves | 130/1 | €6,669 | €6,669 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €469 | €469 | = | 0.0% |
| Distributable reserves | 133 | €368,299 | €449,556 | +€81,257 | +22.1% |
| Amounts payable | 17/49 | €474,090 | €330,280 | -€143,810 | -30.3% |
| Amounts payable after more than one year | 17 | €205,148 | €112,057 | -€93,091 | -45.4% |
| Financial debts | 170/4 | €205,148 | €112,057 | -€93,091 | -45.4% |
| Amounts payable within one year | 42/48 | €268,942 | €218,223 | -€50,719 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €103,727 | €76,511 | -€27,217 | -26.2% |
| Trade debts | 44 | €123,307 | €95,327 | -€27,980 | -22.7% |
| Suppliers | 440/4 | €123,307 | €95,327 | -€27,980 | -22.7% |
| Taxes, remuneration and social security | 45 | €19,967 | €20,083 | +€116 | +0.6% |
| Taxes | 450/3 | €7,014 | €7,272 | +€259 | +3.7% |
| Remuneration and social security | 454/9 | €12,953 | €12,811 | -€142 | -1.1% |
| Other amounts payable | 47/48 | €21,941 | €26,303 | +€4,362 | +19.9% |
| Non-recurring operating income | 76A | €3,454 | €1,003 | -€2,451 | -71.0% |
| Remuneration, social security and pensions | 62 | €436,418 | €417,453 | -€18,966 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,878 | €69,948 | -€14,930 | -17.6% |
| Other operating charges | 640/8 | €12,331 | €11,443 | -€888 | -7.2% |
| Non-recurring operating charges | 66A | €5,743 | €29,688 | +€23,945 | +417% |
| Gross operating margin | 9900 | €658,044 | €680,478 | +€22,434 | +3.4% |
| Operating profit (loss) | 9901 | €118,673 | €151,946 | +€33,273 | +28.0% |
| Financial income | 75/76B | €368 | €6,116 | +€5,748 | +1,562% |
| Recurring financial income | 75 | €368 | €6,116 | +€5,748 | +1,562% |
| Financial charges | 65/66B | €16,936 | €13,976 | -€2,960 | -17.5% |
| Recurring financial charges | 65 | €16,936 | €13,931 | -€3,005 | -17.7% |
| Non-recurring financial charges | 66B | - | €45 | +€45 | |
| Profit (loss) for the period before taxes | 9903 | €102,106 | €144,086 | +€41,981 | +41.1% |
| Income taxes | 67/77 | €37,104 | €37,830 | +€726 | +2.0% |
| Profit (loss) for the period | 9904 | €65,001 | €106,257 | +€41,255 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,001 | €106,257 | +€41,255 | +63.5% |
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 16 October 2026 via checked.be.