MENUISERIE MACQUART FRERES: what changed
Two fiscal 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 MACQUART FRERES
Largest movements
- Receivables within one year -€34,865
down €34,865 (-62.0%), from €56,216 to €21,350
of which Trade receivables: -€27,145
- Stocks and contracts -€28,017
down €28,017 (-39.0%), from €71,877 to €43,860
- Cash +€21,187
up €21,187 (+7449.0%), from €284 to €21,472
mainly Depreciation (+€38,400) and Receivables within one year (+€34,865)
- Tangible fixed assets +€4,979
up €4,979 (+3.5%), from €142,775 to €147,754
of which Furniture and vehicles: +€17,910
- Short-term financial debts -€41,385
no longer reported in 2025 (was €41,385)
- Trade debts -€20,679
down €20,679 (-71.2%), from €29,049 to €8,370
- Current portion of long-term debt +€7,314
up €7,314 (+44.2%), from €16,551 to €23,865
- Debts after one year +€6,939
up €6,939 (+18.3%), from €37,904 to €44,843
- Accrued charges and deferred income +€6,725
up €6,725 (+95.7%), from €7,026 to €13,752
- Gross operating margin +€37,669
up €37,669 (+27.2%), from €138,614 to €176,283
- Staff costs +€26,042
up €26,042 (+26.7%), from €97,443 to €123,485
- Depreciation +€13,250
up €13,250 (+52.7%), from €25,150 to €38,400
- Financial charges +€2,625
up €2,625 (+191.2%), from €1,373 to €3,998
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.
Cash bridge derived
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 | €271,358 | €234,835 | -€36,523 | -13.5% |
| Fixed assets | 21/28 | €142,824 | €147,804 | +€4,979 | +3.5% |
| Tangible fixed assets | 22/27 | €142,775 | €147,754 | +€4,979 | +3.5% |
| Land and buildings | 22 | €52,911 | €40,013 | -€12,899 | -24.4% |
| Plant, machinery and equipment | 23 | €1,399 | €1,368 | -€32 | -2.3% |
| Furniture and vehicles | 24 | €88,464 | €106,374 | +€17,910 | +20.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €128,534 | €87,032 | -€41,502 | -32.3% |
| Stocks and contracts in progress | 3 | €71,877 | €43,860 | -€28,017 | -39.0% |
| Stocks | 30/36 | €71,877 | €43,860 | -€28,017 | -39.0% |
| Amounts receivable within one year | 40/41 | €56,216 | €21,350 | -€34,865 | -62.0% |
| Trade receivables | 40 | €48,495 | €21,350 | -€27,145 | -56.0% |
| Other amounts receivable | 41 | €7,720 | - | -€7,720 | |
| Cash at bank and in hand | 54/58 | €284 | €21,472 | +€21,187 | +7449.0% |
| Deferred charges and accrued income | 490/1 | €156 | €349 | +€193 | +123.4% |
| Total equity and liabilities | 10/49 | €271,358 | €234,835 | -€36,523 | -13.5% |
| Equity | 10/15 | €81,203 | €86,020 | +€4,817 | +5.9% |
| Contributions | 10/11 | €68,105 | €68,105 | = | 0.0% |
| Outside capital | 11 | €68,105 | €68,105 | = | 0.0% |
| Other | 1109/19 | €68,105 | €68,105 | = | 0.0% |
| Revaluation surpluses | 12 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €17,471 | €17,471 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,471 | €14,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,952 | -€49,135 | +€4,817 | +8.9% |
| Amounts payable | 17/49 | €190,155 | €148,815 | -€41,340 | -21.7% |
| Amounts payable after more than one year | 17 | €37,904 | €44,843 | +€6,939 | +18.3% |
| Financial debts | 170/4 | €37,904 | €44,843 | +€6,939 | +18.3% |
| Amounts payable within one year | 42/48 | €145,225 | €90,221 | -€55,004 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €16,551 | €23,865 | +€7,314 | +44.2% |
| Financial debts | 43 | €41,385 | - | -€41,385 | |
| Credit institutions | 430/8 | €41,385 | - | -€41,385 | |
| Trade debts | 44 | €29,049 | €8,370 | -€20,679 | -71.2% |
| Suppliers | 440/4 | €29,049 | €8,370 | -€20,679 | -71.2% |
| Taxes, remuneration and social security | 45 | €7,378 | €8,993 | +€1,615 | +21.9% |
| Taxes | 450/3 | €382 | €2,592 | +€2,210 | +578.3% |
| Remuneration and social security | 454/9 | €6,996 | €6,400 | -€595 | -8.5% |
| Other amounts payable | 47/48 | €50,862 | €48,994 | -€1,868 | -3.7% |
| Accrued charges and deferred income | 492/3 | €7,026 | €13,752 | +€6,725 | +95.7% |
| Remuneration, social security and pensions | 62 | €97,443 | €123,485 | +€26,042 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,150 | €38,400 | +€13,250 | +52.7% |
| Other operating charges | 640/8 | €5,659 | €5,653 | -€6 | -0.1% |
| Gross operating margin | 9900 | €138,614 | €176,283 | +€37,669 | +27.2% |
| Operating profit (loss) | 9901 | €10,363 | €8,746 | -€1,617 | -15.6% |
| Financial income | 75/76B | €900 | €650 | -€250 | -27.8% |
| Recurring financial income | 75 | €900 | €650 | -€250 | -27.8% |
| Financial charges | 65/66B | €1,373 | €3,998 | +€2,625 | +191.2% |
| Recurring financial charges | 65 | €1,373 | €3,998 | +€2,625 | +191.2% |
| Profit (loss) for the period before taxes | 9903 | €9,890 | €5,398 | -€4,492 | -45.4% |
| Income taxes | 67/77 | €382 | €581 | +€199 | +52.0% |
| Profit (loss) for the period | 9904 | €9,508 | €4,817 | -€4,691 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,508 | €4,817 | -€4,691 | -49.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.