Menuiserie R. DEWANDRE: 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 R. DEWANDRE
Largest movements
- Cash +€35,254
up €35,254 (+47.4%), from €74,432 to €109,686
mainly Debts after one year (+€38,656) and Net result for the year (+€21,026)
- Tangible fixed assets +€35,031
up €35,031 (+76.3%), from €45,933 to €80,964
of which Furniture and vehicles: +€34,000
- Receivables within one year -€4,452
down €4,452 (-29.2%), from €15,234 to €10,782
of which Trade receivables: -€6,006
- Debts after one year +€38,656
new in 2025: €38,656
- Reserves +€17,500
up €17,500 (+26.3%), from €66,500 to €84,000
of which Distributable reserves: +€17,500
- Current portion of long-term debt +€9,553
new in 2025: €9,553
- Depreciation +€2,757
up €2,757 (+17.1%), from €16,165 to €18,922
- Gross operating margin +€2,702
up €2,702 (+5.6%), from €47,832 to €50,534
- Taxes -€820
down €820 (-9.4%), from €8,686 to €7,866
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 | €138,002 | €203,950 | +€65,948 | +47.8% |
| Fixed assets | 21/28 | €45,933 | €80,964 | +€35,031 | +76.3% |
| Tangible fixed assets | 22/27 | €45,933 | €80,964 | +€35,031 | +76.3% |
| Plant, machinery and equipment | 23 | €2,233 | €3,319 | +€1,086 | +48.6% |
| Furniture and vehicles | 24 | €43,558 | €77,558 | +€34,000 | +78.1% |
| Other tangible fixed assets | 26 | €142 | €87 | -€55 | -38.7% |
| Current assets | 29/58 | €92,069 | €122,986 | +€30,917 | +33.6% |
| Stocks and contracts in progress | 3 | €112 | €68 | -€44 | -39.3% |
| Stocks | 30/36 | €112 | €68 | -€44 | -39.3% |
| Amounts receivable within one year | 40/41 | €15,234 | €10,782 | -€4,452 | -29.2% |
| Trade receivables | 40 | €15,234 | €9,228 | -€6,006 | -39.4% |
| Other amounts receivable | 41 | - | €1,554 | +€1,554 | |
| Cash at bank and in hand | 54/58 | €74,432 | €109,686 | +€35,254 | +47.4% |
| Deferred charges and accrued income | 490/1 | €2,291 | €2,450 | +€159 | +6.9% |
| Total equity and liabilities | 10/49 | €138,002 | €203,950 | +€65,948 | +47.8% |
| Equity | 10/15 | €124,682 | €142,208 | +€17,526 | +14.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €66,500 | €84,000 | +€17,500 | +26.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €64,500 | €82,000 | +€17,500 | +27.1% |
| Profit (loss) carried forward | 14 | €38,182 | €38,208 | +€26 | +0.1% |
| Amounts payable | 17/49 | €13,320 | €61,742 | +€48,422 | +364% |
| Amounts payable after more than one year | 17 | - | €38,656 | +€38,656 | |
| Financial debts | 170/4 | - | €38,656 | +€38,656 | |
| Amounts payable within one year | 42/48 | €11,086 | €21,018 | +€9,932 | +89.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,553 | +€9,553 | |
| Trade debts | 44 | €1,249 | €1,291 | +€42 | +3.4% |
| Suppliers | 440/4 | €1,249 | €1,291 | +€42 | +3.4% |
| Taxes, remuneration and social security | 45 | €4,837 | €6,674 | +€1,837 | +38.0% |
| Taxes | 450/3 | €4,837 | €6,674 | +€1,837 | +38.0% |
| Other amounts payable | 47/48 | €5,000 | €3,500 | -€1,500 | -30.0% |
| Accrued charges and deferred income | 492/3 | €2,234 | €2,068 | -€166 | -7.4% |
| Remuneration, social security and pensions | 62 | €28 | - | -€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,165 | €18,922 | +€2,757 | +17.1% |
| Other operating charges | 640/8 | €2,031 | €2,350 | +€319 | +15.7% |
| Gross operating margin | 9900 | €47,832 | €50,534 | +€2,702 | +5.6% |
| Operating profit (loss) | 9901 | €29,608 | €29,262 | -€346 | -1.2% |
| Financial income | 75/76B | €197 | €325 | +€128 | +65.0% |
| Recurring financial income | 75 | €197 | €325 | +€128 | +65.0% |
| Financial charges | 65/66B | €207 | €695 | +€488 | +236% |
| Recurring financial charges | 65 | €207 | €695 | +€488 | +236% |
| Profit (loss) for the period before taxes | 9903 | €29,598 | €28,892 | -€706 | -2.4% |
| Income taxes | 67/77 | €8,686 | €7,866 | -€820 | -9.4% |
| Profit (loss) for the period | 9904 | €20,912 | €21,026 | +€114 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,912 | €21,026 | +€114 | +0.5% |
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 21 October 2026 via checked.be.