MENUISERIE LUIGI: 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 LUIGI
Largest movements
- Receivables within one year +€137,725
up €137,725 (+108%), from €127,424 to €265,149
of which Trade receivables: +€146,029
- Tangible fixed assets +€72,504
up €72,504 (+69.6%), from €104,173 to €176,676
of which Land and buildings: +€86,062
- Stocks and contracts -€61,921
down €61,921 (-57.9%), from €106,930 to €45,008
of which Stocks: -€51,376
- Cash +€23,617
up €23,617 (+7.2%), from €325,990 to €349,607
mainly Net result for the year (+€141,420) and Other debts (+€75,022)
- Other debts +€75,022
up €75,022 (+1,102%), from €6,808 to €81,830
- Debts after one year +€58,880
up €58,880 (+208%), from €28,268 to €87,149
- Trade debts -€37,113
down €37,113 (-30.8%), from €120,469 to €83,355
- Reserves +€35,809
up €35,809 (+8.6%), from €416,436 to €452,245
of which Distributable reserves: +€35,809
- Tax, wage and social debts +€26,947
up €26,947 (+254%), from €10,616 to €37,563
of which Taxes: +€24,517
- Gross operating margin +€172,738
up €172,738 (+55.9%), from €309,120 to €481,857
- Taxes +€46,726
up €46,726 (+205%), from €22,738 to €69,465
- Staff costs +€27,847
up €27,847 (+13.9%), from €200,543 to €228,390
- Write-downs +€12,374
new in 2025: €12,374
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 | €676,679 | €850,590 | +€173,911 | +25.7% |
| Fixed assets | 21/28 | €104,173 | €176,676 | +€72,504 | +69.6% |
| Tangible fixed assets | 22/27 | €104,173 | €176,676 | +€72,504 | +69.6% |
| Land and buildings | 22 | - | €86,062 | +€86,062 | |
| Plant, machinery and equipment | 23 | €9,579 | €7,212 | -€2,367 | -24.7% |
| Furniture and vehicles | 24 | €30,010 | €20,533 | -€9,477 | -31.6% |
| Leasing and similar rights | 25 | €15,117 | €11,207 | -€3,911 | -25.9% |
| Other tangible fixed assets | 26 | €49,467 | €51,663 | +€2,196 | +4.4% |
| Current assets | 29/58 | €572,507 | €673,914 | +€101,407 | +17.7% |
| Stocks and contracts in progress | 3 | €106,930 | €45,008 | -€61,921 | -57.9% |
| Stocks | 30/36 | €96,384 | €45,008 | -€51,376 | -53.3% |
| Contracts in progress | 37 | €10,546 | - | -€10,546 | |
| Amounts receivable within one year | 40/41 | €127,424 | €265,149 | +€137,725 | +108% |
| Trade receivables | 40 | €75,163 | €221,192 | +€146,029 | +194% |
| Other amounts receivable | 41 | €52,261 | €43,957 | -€8,304 | -15.9% |
| Cash at bank and in hand | 54/58 | €325,990 | €349,607 | +€23,617 | +7.2% |
| Deferred charges and accrued income | 490/1 | €12,163 | €14,150 | +€1,987 | +16.3% |
| Total equity and liabilities | 10/49 | €676,679 | €850,590 | +€173,911 | +25.7% |
| Equity | 10/15 | €477,936 | €513,745 | +€35,809 | +7.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €416,436 | €452,245 | +€35,809 | +8.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,642 | €3,642 | = | 0.0% |
| Distributable reserves | 133 | €406,644 | €442,453 | +€35,809 | +8.8% |
| Amounts payable | 17/49 | €198,743 | €336,845 | +€138,102 | +69.5% |
| Amounts payable after more than one year | 17 | €28,268 | €87,149 | +€58,880 | +208% |
| Financial debts | 170/4 | €28,268 | €87,149 | +€58,880 | +208% |
| Amounts payable within one year | 42/48 | €170,475 | €249,696 | +€79,222 | +46.5% |
| Current portion of amounts payable after more than one year | 42 | €15,296 | €18,379 | +€3,083 | +20.2% |
| Trade debts | 44 | €120,469 | €83,355 | -€37,113 | -30.8% |
| Suppliers | 440/4 | €120,469 | €83,355 | -€37,113 | -30.8% |
| Advances received on contracts in progress | 46 | €17,286 | €28,569 | +€11,283 | +65.3% |
| Taxes, remuneration and social security | 45 | €10,616 | €37,563 | +€26,947 | +254% |
| Taxes | 450/3 | €2,890 | €27,407 | +€24,517 | +848% |
| Remuneration and social security | 454/9 | €7,726 | €10,157 | +€2,431 | +31.5% |
| Other amounts payable | 47/48 | €6,808 | €81,830 | +€75,022 | +1,102% |
| Remuneration, social security and pensions | 62 | €200,543 | €228,390 | +€27,847 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,310 | €26,627 | -€1,683 | -5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,374 | +€12,374 | |
| Other operating charges | 640/8 | €1,637 | €1,276 | -€361 | -22.0% |
| Gross operating margin | 9900 | €309,120 | €481,857 | +€172,738 | +55.9% |
| Operating profit (loss) | 9901 | €78,630 | €213,191 | +€134,561 | +171% |
| Financial income | 75/76B | €1,487 | €1,631 | +€144 | +9.7% |
| Recurring financial income | 75 | €1,487 | €1,631 | +€144 | +9.7% |
| Financial charges | 65/66B | €3,791 | €3,936 | +€146 | +3.8% |
| Recurring financial charges | 65 | €3,791 | €3,936 | +€146 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €76,326 | €210,885 | +€134,559 | +176% |
| Income taxes | 67/77 | €22,738 | €69,465 | +€46,726 | +205% |
| Profit (loss) for the period | 9904 | €53,588 | €141,420 | +€87,833 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €53,588 | €141,420 | +€87,833 | +164% |
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 25 October 2026 via checked.be.