Menuiserie Pierard: 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 Pierard
Largest movements
- Receivables within one year -€93,759
down €93,759 (-26.4%), from €355,391 to €261,632
of which Trade receivables: -€72,529
- Deferred charges and accrued income +€7,873
up €7,873 (+108%), from €7,276 to €15,149
- Stocks and contracts +€7,288
up €7,288 (+10.0%), from €72,756 to €80,044
of which Contracts in progress: +€30,287
- Trade debts -€83,725
down €83,725 (-40.1%), from €208,549 to €124,824
- Profit (loss) carried forward +€9,718
up €9,718 (+41.8%), from -€23,273 to -€13,555
- Other debts -€9,555
down €9,555 (-14.1%), from €67,944 to €58,389
- Staff costs -€41,920
down €41,920 (-8.2%), from €514,091 to €472,171
- Gross operating margin -€38,096
down €38,096 (-7.1%), from €533,060 to €494,964
- Financial income +€23,984
new in 2025: €23,984
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 | €447,086 | €360,578 | -€86,508 | -19.3% |
| Fixed assets | 21/28 | €6,897 | €3,391 | -€3,506 | -50.8% |
| Tangible fixed assets | 22/27 | €6,437 | €2,931 | -€3,506 | -54.5% |
| Plant, machinery and equipment | 23 | €2,015 | €617 | -€1,398 | -69.4% |
| Furniture and vehicles | 24 | €3,503 | €1,855 | -€1,648 | -47.0% |
| Other tangible fixed assets | 26 | €919 | €459 | -€460 | -50.1% |
| Financial fixed assets | 28 | €460 | €460 | = | 0.0% |
| Current assets | 29/58 | €440,189 | €357,187 | -€83,002 | -18.9% |
| Stocks and contracts in progress | 3 | €72,756 | €80,044 | +€7,288 | +10.0% |
| Stocks | 30/36 | €43,985 | €20,986 | -€22,999 | -52.3% |
| Contracts in progress | 37 | €28,771 | €59,058 | +€30,287 | +105% |
| Amounts receivable within one year | 40/41 | €355,391 | €261,632 | -€93,759 | -26.4% |
| Trade receivables | 40 | €320,702 | €248,173 | -€72,529 | -22.6% |
| Other amounts receivable | 41 | €34,689 | €13,459 | -€21,230 | -61.2% |
| Cash at bank and in hand | 54/58 | €4,766 | €362 | -€4,404 | -92.4% |
| Deferred charges and accrued income | 490/1 | €7,276 | €15,149 | +€7,873 | +108% |
| Total equity and liabilities | 10/49 | €447,086 | €360,578 | -€86,508 | -19.3% |
| Equity | 10/15 | €81,034 | €90,752 | +€9,718 | +12.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €44,307 | €44,307 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,376 | €1,376 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,376 | €1,376 | = | 0.0% |
| Distributable reserves | 133 | €42,931 | €42,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,273 | -€13,555 | +€9,718 | +41.8% |
| Amounts payable | 17/49 | €366,052 | €269,826 | -€96,226 | -26.3% |
| Amounts payable within one year | 42/48 | €365,923 | €269,317 | -€96,606 | -26.4% |
| Trade debts | 44 | €208,549 | €124,824 | -€83,725 | -40.1% |
| Suppliers | 440/4 | €208,549 | €124,824 | -€83,725 | -40.1% |
| Taxes, remuneration and social security | 45 | €89,430 | €86,104 | -€3,326 | -3.7% |
| Taxes | 450/3 | €3,396 | €2,292 | -€1,104 | -32.5% |
| Remuneration and social security | 454/9 | €86,034 | €83,812 | -€2,222 | -2.6% |
| Other amounts payable | 47/48 | €67,944 | €58,389 | -€9,555 | -14.1% |
| Accrued charges and deferred income | 492/3 | €129 | €509 | +€380 | +295% |
| Remuneration, social security and pensions | 62 | €514,091 | €472,171 | -€41,920 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,590 | €3,506 | -€2,084 | -37.3% |
| Other operating charges | 640/8 | €1,672 | €1,548 | -€124 | -7.4% |
| Non-recurring operating charges | 66A | €314 | €657 | +€343 | +109% |
| Gross operating margin | 9900 | €533,060 | €494,964 | -€38,096 | -7.1% |
| Operating profit (loss) | 9901 | €11,393 | €17,082 | +€5,689 | +49.9% |
| Financial income | 75/76B | - | €23,984 | +€23,984 | |
| Recurring financial income | 75 | - | €23,984 | +€23,984 | |
| Financial charges | 65/66B | €28,396 | €30,109 | +€1,713 | +6.0% |
| Recurring financial charges | 65 | €28,396 | €30,109 | +€1,713 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,003 | €10,957 | +€27,960 | |
| Income taxes | 67/77 | €432 | €1,239 | +€807 | +187% |
| Profit (loss) for the period | 9904 | -€17,435 | €9,718 | +€27,153 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,435 | €9,718 | +€27,153 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.