Menuiserie Paul Marthus: what changed
What changed
Menuiserie Paul Marthus
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€110,065
2024 · €51,665+€58,400
Equity
€399,740
2024 · €342,504+€57,236
Cash
€408,179
2024 · €132,070+€276,110
Balance sheet total
€1.4m
2024 · €1.1m+€308,623
Largest movements
Assets
- Cash +€276,110
up €276,110 (+209%), from €132,070 to €408,179
mainly Net result for the year (+€110,065) and Advances received (+€103,674)
- Deferred charges and accrued income +€23,505
up €23,505 (+124%), from €18,942 to €42,447
Equity and liabilities
- Advances received +€103,674
up €103,674 (+236%), from €43,957 to €147,632
- Other debts +€68,031
up €68,031 (+2,485%), from €2,737 to €70,768
- Trade debts +€51,571
up €51,571 (+111%), from €46,546 to €98,118
- Profit (loss) carried forward +€40,507
up €40,507 (+35.4%), from €114,369 to €154,876
- Tax, wage and social debts +€34,073
up €34,073 (+261%), from €13,055 to €47,128
of which Taxes: +€32,201
Income statement
- Gross operating margin +€104,415
up €104,415 (+31.0%), from €337,252 to €441,667
- Depreciation +€21,284
up €21,284 (+26.4%), from €80,598 to €101,881
- Taxes +€20,346
up €20,346 (+238%), from €8,548 to €28,894
- Staff costs +€15,622
up €15,622 (+8.1%), from €192,396 to €208,018
- Financial income +€15,028
up €15,028 (+84.6%), from €17,760 to €32,787
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€51,665
Gross operating margin
+€104,415
Staff costs
-€15,622
Depreciation
-€21,284
Other operating charges
-€526
Financial income
+€15,028
Financial charges
-€3,266
Taxes
-€20,346
Result 2025
€110,065
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€439,327
Investment
-€103,695
Financing
-€59,522
Cash 2024
€132,070
From operations (derived)
+€439,327
Net result for the year
+€110,065
Depreciation
+€101,881
Stocks and contracts
-€8,785
Receivables within one year
+€1,590
Deferred charges and accrued income
-€23,505
Trade debts
+€51,571
Tax, wage and social debts
+€34,073
Advances received
+€103,674
Other debts
+€68,031
Accrued charges and deferred income
+€732
Investment (derived)
-€103,695
Investment in fixed assets (net)
-€103,695
Financing
-€59,522
Debts after one year
-€4,413
Current portion of long-term debt
-€2,281
Contributions, distributions and other
-€52,828
Cash 2025
€408,179
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,104,601 | €1,413,224 | +€308,623 | +27.9% |
| Fixed assets | 21/28 | €838,464 | €840,277 | +€1,813 | +0.2% |
| Intangible fixed assets | 21 | €9,713 | €6,147 | -€3,566 | -36.7% |
| Tangible fixed assets | 22/27 | €553,335 | €558,714 | +€5,379 | +1.0% |
| Land and buildings | 22 | €256,537 | €320,587 | +€64,050 | +25.0% |
| Plant, machinery and equipment | 23 | €148,538 | €123,934 | -€24,605 | -16.6% |
| Furniture and vehicles | 24 | €62,438 | €43,032 | -€19,406 | -31.1% |
| Leasing and similar rights | 25 | €59,531 | €49,440 | -€10,091 | -17.0% |
| Assets under construction and advance payments | 27 | €26,291 | €21,721 | -€4,569 | -17.4% |
| Financial fixed assets | 28 | €275,416 | €275,416 | = | 0.0% |
| Current assets | 29/58 | €266,137 | €572,947 | +€306,810 | +115% |
| Stocks and contracts in progress | 3 | €18,387 | €27,171 | +€8,785 | +47.8% |
| Stocks | 30/36 | €18,387 | €27,171 | +€8,785 | +47.8% |
| Amounts receivable within one year | 40/41 | €96,739 | €95,149 | -€1,590 | -1.6% |
| Trade receivables | 40 | €67,319 | €32,850 | -€34,469 | -51.2% |
| Other amounts receivable | 41 | €29,420 | €62,299 | +€32,879 | +112% |
| Cash at bank and in hand | 54/58 | €132,070 | €408,179 | +€276,110 | +209% |
| Deferred charges and accrued income | 490/1 | €18,942 | €42,447 | +€23,505 | +124% |
| Total equity and liabilities | 10/49 | €1,104,601 | €1,413,224 | +€308,623 | +27.9% |
| Equity | 10/15 | €342,504 | €399,740 | +€57,236 | +16.7% |
| Contributions | 10/11 | €223,800 | €223,800 | = | 0.0% |
| Reserves | 13 | €1,848 | €1,848 | = | 0.0% |
| Distributable reserves | 133 | €1,848 | €1,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,369 | €154,876 | +€40,507 | +35.4% |
| Investment grants | 15 | €2,487 | €19,216 | +€16,730 | +673% |
| Amounts payable | 17/49 | €762,097 | €1,013,484 | +€251,387 | +33.0% |
| Amounts payable after more than one year | 17 | €575,780 | €571,368 | -€4,413 | -0.8% |
| Financial debts | 170/4 | €575,780 | €571,368 | -€4,413 | -0.8% |
| Amounts payable within one year | 42/48 | €186,317 | €441,385 | +€255,068 | +137% |
| Current portion of amounts payable after more than one year | 42 | €80,021 | €77,740 | -€2,281 | -2.9% |
| Trade debts | 44 | €46,546 | €98,118 | +€51,571 | +111% |
| Suppliers | 440/4 | €46,546 | €98,118 | +€51,571 | +111% |
| Advances received on contracts in progress | 46 | €43,957 | €147,632 | +€103,674 | +236% |
| Taxes, remuneration and social security | 45 | €13,055 | €47,128 | +€34,073 | +261% |
| Taxes | 450/3 | €1,399 | €33,600 | +€32,201 | +2,302% |
| Remuneration and social security | 454/9 | €11,656 | €13,528 | +€1,871 | +16.1% |
| Other amounts payable | 47/48 | €2,737 | €70,768 | +€68,031 | +2,485% |
| Accrued charges and deferred income | 492/3 | - | €732 | +€732 | |
| Remuneration, social security and pensions | 62 | €192,396 | €208,018 | +€15,622 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,598 | €101,881 | +€21,284 | +26.4% |
| Other operating charges | 640/8 | €5,312 | €5,838 | +€526 | +9.9% |
| Gross operating margin | 9900 | €337,252 | €441,667 | +€104,415 | +31.0% |
| Operating profit (loss) | 9901 | €58,946 | €125,930 | +€66,984 | +114% |
| Financial income | 75/76B | €17,760 | €32,787 | +€15,028 | +84.6% |
| Recurring financial income | 75 | €17,760 | €32,787 | +€15,028 | +84.6% |
| Financial charges | 65/66B | €16,492 | €19,758 | +€3,266 | +19.8% |
| Recurring financial charges | 65 | €16,492 | €19,758 | +€3,266 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €60,213 | €138,959 | +€78,745 | +131% |
| Income taxes | 67/77 | €8,548 | €28,894 | +€20,346 | +238% |
| Profit (loss) for the period | 9904 | €51,665 | €110,065 | +€58,400 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €51,665 | €110,065 | +€58,400 | +113% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.