MENUISERIE STEFAN: 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 STEFAN
Largest movements
- Receivables within one year -€35,850
down €35,850 (-13.1%), from €273,661 to €237,811
of which Trade receivables: -€37,885
- Stocks and contracts -€12,063
no longer reported in 2025 (was €12,063)
- Cash +€11,446
up €11,446 (+162%), from €7,069 to €18,515
mainly Receivables within one year (+€35,850) and Other debts (+€13,897)
- Trade debts -€53,759
down €53,759 (-82.0%), from €65,540 to €11,781
- Other debts +€13,897
up €13,897 (+9.8%), from €142,035 to €155,932
- Current portion of long-term debt -€13,858
no longer reported in 2025 (was €13,858)
- Reserves +€6,579
up €6,579 (+9.4%), from €69,697 to €76,277
of which Distributable reserves: +€6,579
- Profit (loss) carried forward +€5,857
no longer reported in 2025 (was -€5,857)
- Gross operating margin +€21,614
up €21,614 (+1,505%), from €1,436 to €23,049
- Other operating charges +€3,869
up €3,869 (+241%), from €1,603 to €5,472
- Taxes +€2,521
up €2,521 (+503%), from €501 to €3,022
- Depreciation -€2,274
down €2,274 (-59.3%), from €3,837 to €1,563
- Financial charges -€1,187
down €1,187 (-59.8%), from €1,985 to €798
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 | €300,166 | €261,396 | -€38,770 | -12.9% |
| Fixed assets | 21/28 | €4,090 | €2,747 | -€1,343 | -32.8% |
| Tangible fixed assets | 22/27 | €4,090 | €2,747 | -€1,343 | -32.8% |
| Plant, machinery and equipment | 23 | €3,246 | €2,747 | -€499 | -15.4% |
| Furniture and vehicles | 24 | €844 | - | -€844 | |
| Current assets | 29/58 | €296,076 | €258,648 | -€37,428 | -12.6% |
| Stocks and contracts in progress | 3 | €12,063 | - | -€12,063 | |
| Stocks | 30/36 | €12,063 | - | -€12,063 | |
| Amounts receivable within one year | 40/41 | €273,661 | €237,811 | -€35,850 | -13.1% |
| Trade receivables | 40 | €272,954 | €235,069 | -€37,885 | -13.9% |
| Other amounts receivable | 41 | €708 | €2,742 | +€2,034 | +288% |
| Cash at bank and in hand | 54/58 | €7,069 | €18,515 | +€11,446 | +162% |
| Deferred charges and accrued income | 490/1 | €3,283 | €2,323 | -€960 | -29.3% |
| Total equity and liabilities | 10/49 | €300,166 | €261,396 | -€38,770 | -12.9% |
| Equity | 10/15 | €76,240 | €88,677 | +€12,437 | +16.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €69,697 | €76,277 | +€6,579 | +9.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €67,837 | €74,417 | +€6,579 | +9.7% |
| Profit (loss) carried forward | 14 | -€5,857 | - | +€5,857 | |
| Amounts payable | 17/49 | €223,926 | €172,719 | -€51,207 | -22.9% |
| Amounts payable within one year | 42/48 | €223,926 | €172,719 | -€51,207 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €13,858 | - | -€13,858 | |
| Trade debts | 44 | €65,540 | €11,781 | -€53,759 | -82.0% |
| Suppliers | 440/4 | €65,540 | €11,781 | -€53,759 | -82.0% |
| Advances received on contracts in progress | 46 | €2,000 | €2,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €492 | €3,007 | +€2,514 | +511% |
| Taxes | 450/3 | €492 | €3,007 | +€2,514 | +511% |
| Other amounts payable | 47/48 | €142,035 | €155,932 | +€13,897 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,837 | €1,563 | -€2,274 | -59.3% |
| Other operating charges | 640/8 | €1,603 | €5,472 | +€3,869 | +241% |
| Gross operating margin | 9900 | €1,436 | €23,049 | +€21,614 | +1,505% |
| Operating profit (loss) | 9901 | -€4,005 | €16,014 | +€20,018 | |
| Financial income | 75/76B | €633 | €242 | -€391 | -61.7% |
| Recurring financial income | 75 | €633 | €242 | -€391 | -61.7% |
| Financial charges | 65/66B | €1,985 | €798 | -€1,187 | -59.8% |
| Recurring financial charges | 65 | €1,985 | €798 | -€1,187 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,356 | €15,459 | +€20,815 | |
| Income taxes | 67/77 | €501 | €3,022 | +€2,521 | +503% |
| Profit (loss) for the period | 9904 | -€5,857 | €12,437 | +€18,294 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,857 | €12,437 | +€18,294 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.