MENUISERIE VANDECAVEYE: 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 VANDECAVEYE
Largest movements
- Receivables within one year -€14,177
down €14,177 (-19.2%), from €73,965 to €59,788
of which Trade receivables: -€25,269
- Cash -€9,559
down €9,559 (-25.8%), from €36,997 to €27,438
mainly Contributions, distributions and other (-€85,000) and Trade debts (-€24,922)
- Tangible fixed assets -€6,933
down €6,933 (-32.8%), from €21,109 to €14,176
of which Plant, machinery and equipment: -€6,083
- Profit (loss) carried forward -€82,024
down €82,024 (-94.5%), from €86,753 to €4,729
- Other debts +€72,250
new in 2025: €72,250
- Trade debts -€24,922
down €24,922 (-95.2%), from €26,192 to €1,270
- Tax, wage and social debts +€9,498
up €9,498 (+204%), from €4,649 to €14,147
of which Taxes: +€14,147
- Debts after one year -€4,352
no longer reported in 2025 (was €4,352)
- Write-downs -€8,930
down €8,930 (-89.4%), from €9,991 to €1,060
- Gross operating margin -€2,275
down €2,275 (-7.6%), from €29,940 to €27,665
- Depreciation +€2,221
up €2,221 (+29.6%), from €7,503 to €9,724
- Other operating charges -€1,140
down €1,140 (-77.3%), from €1,475 to €335
- Taxes +€955
up €955 (+243%), from €392 to €1,348
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 | €134,221 | €104,748 | -€29,473 | -22.0% |
| Fixed assets | 21/28 | €21,109 | €14,176 | -€6,933 | -32.8% |
| Tangible fixed assets | 22/27 | €21,109 | €14,176 | -€6,933 | -32.8% |
| Plant, machinery and equipment | 23 | €19,767 | €13,684 | -€6,083 | -30.8% |
| Furniture and vehicles | 24 | €1,342 | €493 | -€850 | -63.3% |
| Current assets | 29/58 | €113,112 | €90,571 | -€22,540 | -19.9% |
| Amounts receivable within one year | 40/41 | €73,965 | €59,788 | -€14,177 | -19.2% |
| Trade receivables | 40 | €57,795 | €32,526 | -€25,269 | -43.7% |
| Other amounts receivable | 41 | €16,171 | €27,262 | +€11,091 | +68.6% |
| Cash at bank and in hand | 54/58 | €36,997 | €27,438 | -€9,559 | -25.8% |
| Deferred charges and accrued income | 490/1 | €2,149 | €3,346 | +€1,196 | +55.7% |
| Total equity and liabilities | 10/49 | €134,221 | €104,748 | -€29,473 | -22.0% |
| Equity | 10/15 | €94,753 | €12,729 | -€82,024 | -86.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,753 | €4,729 | -€82,024 | -94.5% |
| Amounts payable | 17/49 | €39,468 | €92,019 | +€52,551 | +133% |
| Amounts payable after more than one year | 17 | €4,352 | - | -€4,352 | |
| Financial debts | 170/4 | €4,352 | - | -€4,352 | |
| Amounts payable within one year | 42/48 | €35,116 | €92,019 | +€56,903 | +162% |
| Current portion of amounts payable after more than one year | 42 | €4,275 | €4,352 | +€77 | +1.8% |
| Trade debts | 44 | €26,192 | €1,270 | -€24,922 | -95.2% |
| Suppliers | 440/4 | €26,192 | €1,270 | -€24,922 | -95.2% |
| Taxes, remuneration and social security | 45 | €4,649 | €14,147 | +€9,498 | +204% |
| Taxes | 450/3 | - | €14,147 | +€14,147 | |
| Remuneration and social security | 454/9 | €4,649 | - | -€4,649 | |
| Other amounts payable | 47/48 | - | €72,250 | +€72,250 | |
| Remuneration, social security and pensions | 62 | €12,794 | €13,443 | +€649 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,503 | €9,724 | +€2,221 | +29.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,991 | €1,060 | -€8,930 | -89.4% |
| Other operating charges | 640/8 | €1,475 | €335 | -€1,140 | -77.3% |
| Gross operating margin | 9900 | €29,940 | €27,665 | -€2,275 | -7.6% |
| Operating profit (loss) | 9901 | -€1,823 | €3,103 | +€4,926 | |
| Financial income | 75/76B | €3,125 | €2,360 | -€766 | -24.5% |
| Recurring financial income | 75 | €3,125 | €2,360 | -€766 | -24.5% |
| Financial charges | 65/66B | €465 | €1,139 | +€674 | +145% |
| Recurring financial charges | 65 | €465 | €1,139 | +€674 | +145% |
| Profit (loss) for the period before taxes | 9903 | €837 | €4,323 | +€3,486 | +416% |
| Income taxes | 67/77 | €392 | €1,348 | +€955 | +243% |
| Profit (loss) for the period | 9904 | €445 | €2,976 | +€2,531 | +569% |
| Profit (loss) for the period to be appropriated | 9905 | €445 | €2,976 | +€2,531 | +569% |
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 20 October 2026 via checked.be.