MENUISERIE INDUSTRIELLE: 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.
What changed
MENUISERIE INDUSTRIELLE
NACE 43.320, Joinery installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€27,753
2024 · -€54,234+€26,481
Equity
€1.1m
2024 · €1.1m-€29,753
Cash
€607,025
2024 · €602,306+€4,719
Balance sheet total
€1.5m
2024 · €1.6m-€78,698
Largest movements
Assets
- Receivables within one year -€44,066
down €44,066 (-18.5%), from €238,804 to €194,738
of which Trade receivables: -€26,414
- Stocks and contracts -€26,387
down €26,387 (-13.2%), from €199,235 to €172,848
of which Contracts in progress: -€35,435
Equity and liabilities
- Debts after one year -€40,060
down €40,060 (-11.2%), from €357,653 to €317,593
- Short-term financial debts +€40,060
new in 2025: €40,060
- Current portion of long-term debt -€38,325
no longer reported in 2025 (was €38,325)
- Profit (loss) carried forward -€29,753
down €29,753 (-3.0%), from €979,778 to €950,025
- Other debts -€20,069
down €20,069 (-66.9%), from €30,000 to €9,931
Income statement
- Gross operating margin +€89,377
up €89,377 (+19.5%), from €457,288 to €546,665
- Other operating charges -€63,366
down €63,366 (-78.9%), from €80,360 to €16,994
- Staff costs +€59,557
up €59,557 (+16.0%), from €372,145 to €431,702
- Write-downs +€30,910
new in 2025: €30,910
- Depreciation +€18,044
up €18,044 (+48.0%), from €37,556 to €55,601
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.
Result 2024
-€54,234
Gross operating margin
+€89,377
Staff costs
-€59,557
Depreciation
-€18,044
Write-downs
-€30,910
Other operating charges
+€63,366
Other operating items
-€15,680
Financial income
+€279
Financial charges
-€67
Taxes
-€2,282
Result 2025
-€27,753
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€96,287
Investment
-€51,243
Financing
-€40,325
Cash 2024
€602,306
From operations (derived)
+€96,287
Net result for the year
-€27,753
Depreciation
+€55,601
Stocks and contracts
+€26,387
Receivables within one year
+€44,066
Deferred charges and accrued income
+€8,605
Trade debts
+€14,015
Tax, wage and social debts
-€4,591
Other debts
-€20,069
Accrued charges and deferred income
+€26
Investment (derived)
-€51,243
Investment in fixed assets (net)
-€51,243
Financing
-€40,325
Debts after one year
-€40,060
Current portion of long-term debt
-€38,325
Short-term financial debts
+€40,060
Contributions, distributions and other
-€2,000
Cash 2025
€607,025
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,571,723 | €1,493,025 | -€78,698 | -5.0% |
| Fixed assets | 21/28 | €515,013 | €510,655 | -€4,358 | -0.8% |
| Tangible fixed assets | 22/27 | €514,537 | €510,179 | -€4,358 | -0.8% |
| Land and buildings | 22 | €461,067 | €422,836 | -€38,231 | -8.3% |
| Plant, machinery and equipment | 23 | - | €6,969 | +€6,969 | |
| Furniture and vehicles | 24 | €53,470 | €52,598 | -€871 | -1.6% |
| Leasing and similar rights | 25 | - | €27,775 | +€27,775 | |
| Financial fixed assets | 28 | €476 | €476 | = | 0.0% |
| Current assets | 29/58 | €1,056,710 | €982,370 | -€74,340 | -7.0% |
| Stocks and contracts in progress | 3 | €199,235 | €172,848 | -€26,387 | -13.2% |
| Stocks | 30/36 | €156,235 | €165,283 | +€9,048 | +5.8% |
| Contracts in progress | 37 | €43,000 | €7,565 | -€35,435 | -82.4% |
| Amounts receivable within one year | 40/41 | €238,804 | €194,738 | -€44,066 | -18.5% |
| Trade receivables | 40 | €203,150 | €176,737 | -€26,414 | -13.0% |
| Other amounts receivable | 41 | €35,654 | €18,002 | -€17,652 | -49.5% |
| Cash at bank and in hand | 54/58 | €602,306 | €607,025 | +€4,719 | +0.8% |
| Deferred charges and accrued income | 490/1 | €16,364 | €7,759 | -€8,605 | -52.6% |
| Total equity and liabilities | 10/49 | €1,571,723 | €1,493,025 | -€78,698 | -5.0% |
| Equity | 10/15 | €1,101,827 | €1,072,074 | -€29,753 | -2.7% |
| Contributions | 10/11 | €107,000 | €107,000 | = | 0.0% |
| Capital | 10 | €107,000 | €107,000 | = | 0.0% |
| Issued capital | 100 | €107,000 | €107,000 | = | 0.0% |
| Reserves | 13 | €15,049 | €15,049 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,049 | €15,049 | = | 0.0% |
| Legal reserve | 130 | €15,049 | €15,049 | = | 0.0% |
| Profit (loss) carried forward | 14 | €979,778 | €950,025 | -€29,753 | -3.0% |
| Amounts payable | 17/49 | €469,896 | €420,951 | -€48,944 | -10.4% |
| Amounts payable after more than one year | 17 | €357,653 | €317,593 | -€40,060 | -11.2% |
| Financial debts | 170/4 | €357,653 | €317,593 | -€40,060 | -11.2% |
| Amounts payable within one year | 42/48 | €112,210 | €103,300 | -€8,910 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €38,325 | - | -€38,325 | |
| Financial debts | 43 | - | €40,060 | +€40,060 | |
| Credit institutions | 430/8 | - | €40,060 | +€40,060 | |
| Trade debts | 44 | €22,270 | €36,285 | +€14,015 | +62.9% |
| Suppliers | 440/4 | €22,270 | €36,285 | +€14,015 | +62.9% |
| Taxes, remuneration and social security | 45 | €21,615 | €17,024 | -€4,591 | -21.2% |
| Taxes | 450/3 | €2,027 | €2,847 | +€820 | +40.5% |
| Remuneration and social security | 454/9 | €19,588 | €14,177 | -€5,411 | -27.6% |
| Other amounts payable | 47/48 | €30,000 | €9,931 | -€20,069 | -66.9% |
| Accrued charges and deferred income | 492/3 | €32 | €58 | +€26 | +78.8% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €372,145 | €431,702 | +€59,557 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,556 | €55,601 | +€18,044 | +48.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,910 | +€30,910 | |
| Other operating charges | 640/8 | €80,360 | €16,994 | -€63,366 | -78.9% |
| Non-recurring operating charges | 66A | - | €15,680 | +€15,680 | |
| Gross operating margin | 9900 | €457,288 | €546,665 | +€89,377 | +19.5% |
| Operating profit (loss) | 9901 | -€32,773 | -€4,221 | +€28,552 | +87.1% |
| Financial income | 75/76B | €623 | €901 | +€279 | +44.7% |
| Recurring financial income | 75 | €623 | €901 | +€279 | +44.7% |
| Financial charges | 65/66B | €22,748 | €22,815 | +€67 | +0.3% |
| Recurring financial charges | 65 | €22,748 | €22,815 | +€67 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€54,898 | -€26,135 | +€28,763 | +52.4% |
| Income taxes | 67/77 | -€664 | €1,618 | +€2,282 | |
| Profit (loss) for the period | 9904 | -€54,234 | -€27,753 | +€26,481 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,234 | -€27,753 | +€26,481 | +48.8% |
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 31 October 2026 via checked.be.