Menuiserie Soulet: 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 Soulet
Largest movements
- Receivables within one year -€38,584
down €38,584 (-77.1%), from €50,027 to €11,444
of which Trade receivables: -€39,751
- Current investments +€30,561
up €30,561 (+21.9%), from €139,683 to €170,245
- Cash -€23,318
down €23,318 (-40.8%), from €57,178 to €33,860
mainly Current investments (-€30,561) and Investment in fixed assets (net) (-€20,828)
- Deferred charges and accrued income +€5,432
new in 2025: €5,432
- Tangible fixed assets -€4,001
down €4,001 (-3.2%), from €123,699 to €119,698
of which Furniture and vehicles: -€18,827
- Reserves -€14,561
down €14,561 (-4.2%), from €349,073 to €334,512
of which Distributable reserves: -€14,561
- Trade debts -€8,224
down €8,224 (-72.8%), from €11,305 to €3,080
- Other operating charges +€19,218
up €19,218 (+280%), from €6,861 to €26,079
- Gross operating margin -€4,919
down €4,919 (-14.3%), from €34,459 to €29,540
- Taxes -€3,450
down €3,450, from €3,378 to -€72
- Financial income +€1,884
up €1,884 (+48.5%), from €3,889 to €5,774
- Depreciation +€1,422
up €1,422 (+6.1%), from €23,407 to €24,829
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 | €394,550 | €363,575 | -€30,975 | -7.9% |
| Fixed assets | 21/28 | €123,699 | €119,698 | -€4,001 | -3.2% |
| Tangible fixed assets | 22/27 | €123,699 | €119,698 | -€4,001 | -3.2% |
| Land and buildings | 22 | €65,625 | €80,450 | +€14,826 | +22.6% |
| Furniture and vehicles | 24 | €58,074 | €39,247 | -€18,827 | -32.4% |
| Current assets | 29/58 | €270,851 | €243,877 | -€26,974 | -10.0% |
| Stocks and contracts in progress | 3 | €23,962 | €22,897 | -€1,065 | -4.4% |
| Stocks | 30/36 | €23,962 | €22,897 | -€1,065 | -4.4% |
| Amounts receivable within one year | 40/41 | €50,027 | €11,444 | -€38,584 | -77.1% |
| Trade receivables | 40 | €50,027 | €10,276 | -€39,751 | -79.5% |
| Other amounts receivable | 41 | - | €1,167 | +€1,167 | |
| Current investments | 50/53 | €139,683 | €170,245 | +€30,561 | +21.9% |
| Cash at bank and in hand | 54/58 | €57,178 | €33,860 | -€23,318 | -40.8% |
| Deferred charges and accrued income | 490/1 | - | €5,432 | +€5,432 | |
| Total equity and liabilities | 10/49 | €394,550 | €363,575 | -€30,975 | -7.9% |
| Equity | 10/15 | €372,118 | €354,589 | -€17,530 | -4.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €349,073 | €334,512 | -€14,561 | -4.2% |
| Non-distributable reserves | 130/1 | €16,720 | €16,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €14,861 | €14,861 | = | 0.0% |
| Distributable reserves | 133 | €332,353 | €317,792 | -€14,561 | -4.4% |
| Investment grants | 15 | €4,453 | €1,484 | -€2,969 | -66.7% |
| Provisions and deferred taxes | 16 | €2,294 | €765 | -€1,529 | -66.7% |
| Deferred taxes | 168 | €2,294 | €765 | -€1,529 | -66.7% |
| Amounts payable | 17/49 | €20,138 | €8,221 | -€11,916 | -59.2% |
| Amounts payable within one year | 42/48 | €20,138 | €8,221 | -€11,916 | -59.2% |
| Trade debts | 44 | €11,305 | €3,080 | -€8,224 | -72.8% |
| Suppliers | 440/4 | €11,305 | €3,080 | -€8,224 | -72.8% |
| Taxes, remuneration and social security | 45 | €4,500 | €2,997 | -€1,503 | -33.4% |
| Taxes | 450/3 | €4,500 | €2,997 | -€1,503 | -33.4% |
| Other amounts payable | 47/48 | €4,333 | €2,144 | -€2,189 | -50.5% |
| Non-recurring operating income | 76A | €305 | €7,148 | +€6,843 | +2,241% |
| Remuneration, social security and pensions | 62 | €498 | - | -€498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,407 | €24,829 | +€1,422 | +6.1% |
| Other operating charges | 640/8 | €6,861 | €26,079 | +€19,218 | +280% |
| Gross operating margin | 9900 | €34,459 | €29,540 | -€4,919 | -14.3% |
| Operating profit (loss) | 9901 | €3,693 | -€21,368 | -€25,060 | |
| Financial income | 75/76B | €3,889 | €5,774 | +€1,884 | +48.5% |
| Recurring financial income | 75 | €3,889 | €5,774 | +€1,884 | +48.5% |
| Financial charges | 65/66B | €1,309 | €568 | -€741 | -56.6% |
| Recurring financial charges | 65 | €1,309 | €568 | -€741 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | €6,273 | -€16,162 | -€22,435 | |
| Transfer from deferred taxes | 780 | - | €1,529 | +€1,529 | |
| Income taxes | 67/77 | €3,378 | -€72 | -€3,450 | |
| Profit (loss) for the period | 9904 | €2,895 | -€14,561 | -€17,456 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,895 | -€14,561 | -€17,456 |
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 26 October 2026 via checked.be.