Menuiserie Marchal: 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 Marchal
Largest movements
- Tangible fixed assets +€30,924
up €30,924 (+51.5%), from €60,000 to €90,924
of which Furniture and vehicles: +€27,068
- Receivables within one year -€13,606
down €13,606 (-22.4%), from €60,649 to €47,043
of which Other amounts receivable: -€8,139
- Stocks and contracts +€3,155
up €3,155 (+231%), from €1,364 to €4,520
- Cash -€1,770
down €1,770 (-80.3%), from €2,204 to €434
mainly Investment in fixed assets (net) (-€50,103) and Net result for the year (-€14,507)
- Debts after one year +€22,257
up €22,257 (+57.7%), from €38,556 to €60,813
- Profit (loss) carried forward -€14,507
down €14,507 (-50.4%), from €28,810 to €14,303
- Current portion of long-term debt +€10,006
up €10,006 (+71.9%), from €13,925 to €23,931
- Accrued charges and deferred income +€4,243
new in 2025: €4,243
- Tax, wage and social debts -€3,770
down €3,770 (-23.5%), from €16,038 to €12,269
of which Remuneration and social security: -€5,245
- Purchases and services -€23,054
down €23,054 (-6.6%), from €346,687 to €323,633
- Staff costs +€21,953
up €21,953 (+73.0%), from €30,072 to €52,025
- Gross operating margin +€13,406
up €13,406 (+27.7%), from €48,470 to €61,876
- Turnover -€9,649
down €9,649 (-2.4%), from €395,158 to €385,509
- Depreciation +€4,871
up €4,871 (+33.2%), from €14,692 to €19,563
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 | €124,710 | €142,920 | +€18,211 | +14.6% |
| Formation expenses | 20 | €383 | - | -€383 | |
| Fixed assets | 21/28 | €60,000 | €90,924 | +€30,924 | +51.5% |
| Tangible fixed assets | 22/27 | €60,000 | €90,924 | +€30,924 | +51.5% |
| Plant, machinery and equipment | 23 | €250 | €7,176 | +€6,926 | +2,772% |
| Furniture and vehicles | 24 | €47,297 | €74,364 | +€27,068 | +57.2% |
| Other tangible fixed assets | 26 | €12,454 | €9,383 | -€3,070 | -24.7% |
| Current assets | 29/58 | €64,326 | €51,997 | -€12,330 | -19.2% |
| Stocks and contracts in progress | 3 | €1,364 | €4,520 | +€3,155 | +231% |
| Stocks | 30/36 | €1,364 | €4,520 | +€3,155 | +231% |
| Amounts receivable within one year | 40/41 | €60,649 | €47,043 | -€13,606 | -22.4% |
| Trade receivables | 40 | €48,092 | €42,626 | -€5,467 | -11.4% |
| Other amounts receivable | 41 | €12,557 | €4,418 | -€8,139 | -64.8% |
| Cash at bank and in hand | 54/58 | €2,204 | €434 | -€1,770 | -80.3% |
| Deferred charges and accrued income | 490/1 | €109 | - | -€109 | |
| Total equity and liabilities | 10/49 | €124,710 | €142,920 | +€18,211 | +14.6% |
| Equity | 10/15 | €34,810 | €20,303 | -€14,507 | -41.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,810 | €14,303 | -€14,507 | -50.4% |
| Amounts payable | 17/49 | €89,900 | €122,617 | +€32,717 | +36.4% |
| Amounts payable after more than one year | 17 | €38,556 | €60,813 | +€22,257 | +57.7% |
| Financial debts | 170/4 | €38,556 | €60,813 | +€22,257 | +57.7% |
| Amounts payable within one year | 42/48 | €51,343 | €57,561 | +€6,217 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €13,925 | €23,931 | +€10,006 | +71.9% |
| Trade debts | 44 | €14,352 | €16,763 | +€2,411 | +16.8% |
| Suppliers | 440/4 | €14,352 | €16,763 | +€2,411 | +16.8% |
| Taxes, remuneration and social security | 45 | €16,038 | €12,269 | -€3,770 | -23.5% |
| Taxes | 450/3 | €10,793 | €12,269 | +€1,475 | +13.7% |
| Remuneration and social security | 454/9 | €5,245 | - | -€5,245 | |
| Other amounts payable | 47/48 | €7,029 | €4,599 | -€2,430 | -34.6% |
| Accrued charges and deferred income | 492/3 | - | €4,243 | +€4,243 | |
| Turnover | 70 | €395,158 | €385,509 | -€9,649 | -2.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €346,687 | €323,633 | -€23,054 | -6.6% |
| Remuneration, social security and pensions | 62 | €30,072 | €52,025 | +€21,953 | +73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,692 | €19,563 | +€4,871 | +33.2% |
| Other operating charges | 640/8 | €780 | €1,278 | +€498 | +63.9% |
| Gross operating margin | 9900 | €48,470 | €61,876 | +€13,406 | +27.7% |
| Operating profit (loss) | 9901 | €2,927 | -€10,990 | -€13,917 | |
| Financial income | 75/76B | €982 | - | -€982 | |
| Recurring financial income | 75 | €982 | - | -€982 | |
| Financial charges | 65/66B | €2,067 | €3,517 | +€1,449 | +70.1% |
| Recurring financial charges | 65 | €2,067 | €3,517 | +€1,449 | +70.1% |
| Profit (loss) for the period before taxes | 9903 | €1,841 | -€14,507 | -€16,348 | |
| Profit (loss) for the period | 9904 | €1,841 | -€14,507 | -€16,348 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,841 | -€14,507 | -€16,348 |
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 23 October 2026 via checked.be.