MENUISERIE SIEBERT: what changed
Two fiscal 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 SIEBERT
Largest movements
- Current investments +€25,567
up €25,567 (+58.4%), from €43,766 to €69,333
- Tangible fixed assets +€18,380
up €18,380 (+25.5%), from €72,136 to €90,516
of which Furniture and vehicles: +€30,473
- Receivables within one year -€9,836
down €9,836 (-19.8%), from €49,736 to €39,900
of which Other amounts receivable: -€5,493
- Cash +€4,799
up €4,799 (+29.6%), from €16,219 to €21,018
mainly Debts after one year (+€26,540) and Depreciation (+€23,195)
- Debts after one year +€26,540
up €26,540, from €0 to €26,540
- Other debts +€19,981
up €19,981 (+205.9%), from €9,706 to €29,687
- Reserves -€10,000
down €10,000 (-10.5%), from €94,822 to €84,822
of which Distributable reserves: -€10,000
- Current portion of long-term debt +€2,894
up €2,894 (+61.5%), from €4,709 to €7,604
- Trade debts -€2,731
down €2,731 (-35.1%), from €7,782 to €5,050
- Gross operating margin +€26,198
up €26,198 (+41.1%), from €63,671 to €89,868
- Staff costs +€7,319
up €7,319 (+16.3%), from €44,996 to €52,315
- Depreciation +€5,702
up €5,702 (+32.6%), from €17,493 to €23,195
- Taxes +€2,065
up €2,065 (+7493.1%), from €28 to €2,093
- Financial income +€1,879
up €1,879 (+55.8%), from €3,368 to €5,246
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.
Cash bridge derived
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 | €184,445 | €222,823 | +€38,378 | +20.8% |
| Fixed assets | 21/28 | €72,211 | €90,591 | +€18,380 | +25.5% |
| Tangible fixed assets | 22/27 | €72,136 | €90,516 | +€18,380 | +25.5% |
| Land and buildings | 22 | €56,167 | €45,765 | -€10,402 | -18.5% |
| Plant, machinery and equipment | 23 | €11,469 | €9,778 | -€1,691 | -14.7% |
| Furniture and vehicles | 24 | €4,500 | €34,973 | +€30,473 | +677.2% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €112,234 | €132,232 | +€19,998 | +17.8% |
| Stocks and contracts in progress | 3 | €2,512 | €1,981 | -€531 | -21.2% |
| Stocks | 30/36 | €2,512 | €1,981 | -€531 | -21.2% |
| Amounts receivable within one year | 40/41 | €49,736 | €39,900 | -€9,836 | -19.8% |
| Trade receivables | 40 | €37,940 | €33,598 | -€4,343 | -11.4% |
| Other amounts receivable | 41 | €11,796 | €6,303 | -€5,493 | -46.6% |
| Current investments | 50/53 | €43,766 | €69,333 | +€25,567 | +58.4% |
| Cash at bank and in hand | 54/58 | €16,219 | €21,018 | +€4,799 | +29.6% |
| Total equity and liabilities | 10/49 | €184,445 | €222,823 | +€38,378 | +20.8% |
| Equity | 10/15 | €161,578 | €152,513 | -€9,064 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,822 | €84,822 | -€10,000 | -10.5% |
| Tax-exempt reserves | 132 | €57,962 | €57,962 | = | 0.0% |
| Distributable reserves | 133 | €36,860 | €26,860 | -€10,000 | -27.1% |
| Profit (loss) carried forward | 14 | €48,156 | €49,091 | +€936 | +1.9% |
| Amounts payable | 17/49 | €22,868 | €70,310 | +€47,442 | +207.5% |
| Amounts payable after more than one year | 17 | €0 | €26,540 | +€26,540 | |
| Financial debts | 170/4 | €0 | €26,540 | +€26,540 | |
| Amounts payable within one year | 42/48 | €22,868 | €43,770 | +€20,902 | +91.4% |
| Current portion of amounts payable after more than one year | 42 | €4,709 | €7,604 | +€2,894 | +61.5% |
| Trade debts | 44 | €7,782 | €5,050 | -€2,731 | -35.1% |
| Suppliers | 440/4 | €7,782 | €5,050 | -€2,731 | -35.1% |
| Taxes, remuneration and social security | 45 | €671 | €1,429 | +€758 | +113.0% |
| Taxes | 450/3 | €671 | €1,278 | +€607 | +90.4% |
| Remuneration and social security | 454/9 | €0 | €151 | +€151 | |
| Other amounts payable | 47/48 | €9,706 | €29,687 | +€19,981 | +205.9% |
| Remuneration, social security and pensions | 62 | €44,996 | €52,315 | +€7,319 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,493 | €23,195 | +€5,702 | +32.6% |
| Other operating charges | 640/8 | €4,836 | €4,760 | -€76 | -1.6% |
| Gross operating margin | 9900 | €63,671 | €89,868 | +€26,198 | +41.1% |
| Operating profit (loss) | 9901 | -€3,655 | €9,598 | +€13,253 | |
| Financial income | 75/76B | €3,368 | €5,246 | +€1,879 | +55.8% |
| Recurring financial income | 75 | €3,368 | €5,246 | +€1,879 | +55.8% |
| Financial charges | 65/66B | €982 | €1,816 | +€834 | +84.9% |
| Recurring financial charges | 65 | €982 | €1,816 | +€834 | +84.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,269 | €13,028 | +€14,298 | |
| Income taxes | 67/77 | €28 | €2,093 | +€2,065 | +7493.1% |
| Profit (loss) for the period | 9904 | -€1,297 | €10,936 | +€12,233 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,297 | €10,936 | +€12,233 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.