Menuiserie Michel SCHULZ: 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 Michel SCHULZ
Largest movements
- Current investments +€11,876
up €11,876 (+14.6%), from €81,124 to €93,000
- Receivables within one year -€9,238
down €9,238 (-40.3%), from €22,927 to €13,689
of which Trade receivables: -€15,496
- Receivables after one year -€5,916
no longer reported in 2025 (was €5,916)
- Tax, wage and social debts -€5,887
down €5,887 (-94.8%), from €6,209 to €322
- Advances received +€4,270
new in 2025: €4,270
- Reserves -€3,615
down €3,615 (-3.7%), from €96,575 to €92,960
- Gross operating margin -€16,777
down €16,777 (-71.2%), from €23,569 to €6,792
- Taxes -€5,602
down €5,602 (-68.2%), from €8,209 to €2,608
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 | €117,131 | €111,967 | -€5,164 | -4.4% |
| Fixed assets | 21/28 | €842 | €771 | -€71 | -8.4% |
| Tangible fixed assets | 22/27 | €842 | €771 | -€71 | -8.4% |
| Plant, machinery and equipment | 23 | €842 | €771 | -€71 | -8.4% |
| Current assets | 29/58 | €116,289 | €111,196 | -€5,093 | -4.4% |
| Amounts receivable after more than one year | 29 | €5,916 | - | -€5,916 | |
| Other amounts receivable | 291 | €5,916 | - | -€5,916 | |
| Stocks and contracts in progress | 3 | €1,139 | €446 | -€693 | -60.9% |
| Stocks | 30/36 | €1,139 | €446 | -€693 | -60.9% |
| Amounts receivable within one year | 40/41 | €22,927 | €13,689 | -€9,238 | -40.3% |
| Trade receivables | 40 | €17,254 | €1,758 | -€15,496 | -89.8% |
| Other amounts receivable | 41 | €5,673 | €11,931 | +€6,258 | +110% |
| Current investments | 50/53 | €81,124 | €93,000 | +€11,876 | +14.6% |
| Cash at bank and in hand | 54/58 | €5,182 | €4,061 | -€1,122 | -21.6% |
| Total equity and liabilities | 10/49 | €117,131 | €111,967 | -€5,164 | -4.4% |
| Equity | 10/15 | €104,783 | €101,168 | -€3,615 | -3.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €96,575 | €92,960 | -€3,615 | -3.7% |
| Distributable reserves | 133 | €96,575 | €92,960 | -€3,615 | -3.7% |
| Profit (loss) carried forward | 14 | €148 | €148 | = | 0.0% |
| Amounts payable | 17/49 | €12,348 | €10,798 | -€1,549 | -12.5% |
| Amounts payable within one year | 42/48 | €11,871 | €10,782 | -€1,089 | -9.2% |
| Trade debts | 44 | €4,828 | €5,357 | +€528 | +10.9% |
| Suppliers | 440/4 | €4,828 | €5,357 | +€528 | +10.9% |
| Advances received on contracts in progress | 46 | - | €4,270 | +€4,270 | |
| Taxes, remuneration and social security | 45 | €6,209 | €322 | -€5,887 | -94.8% |
| Taxes | 450/3 | €6,209 | €322 | -€5,887 | -94.8% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €477 | €17 | -€460 | -96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €421 | €596 | +€175 | +41.6% |
| Other operating charges | 640/8 | €722 | €666 | -€56 | -7.7% |
| Gross operating margin | 9900 | €23,569 | €6,792 | -€16,777 | -71.2% |
| Operating profit (loss) | 9901 | €22,426 | €5,530 | -€16,896 | -75.3% |
| Financial income | 75/76B | €671 | €498 | -€173 | -25.8% |
| Recurring financial income | 75 | €671 | €498 | -€173 | -25.8% |
| Financial charges | 65/66B | €233 | €202 | -€30 | -13.0% |
| Recurring financial charges | 65 | €233 | €202 | -€30 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €22,865 | €5,826 | -€17,039 | -74.5% |
| Income taxes | 67/77 | €8,209 | €2,608 | -€5,602 | -68.2% |
| Profit (loss) for the period | 9904 | €14,655 | €3,218 | -€11,437 | -78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,655 | €3,218 | -€11,437 | -78.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.