MENUISERIE VENDREDI: what changed
What changed
MENUISERIE VENDREDI
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€635,030
2024 · €21,470+€613,561
Equity
€130,362
2024 · €132,186-€1,824
Cash
€227,707
2024 · €50,153+€177,554
Balance sheet total
€1.3m
2024 · €424,442+€904,391
Largest movements
Assets
- Receivables within one year +€709,465
up €709,465 (+335%), from €211,490 to €920,955
of which Other amounts receivable: +€534,113
- Cash +€177,554
up €177,554 (+354%), from €50,153 to €227,707
mainly Net result for the year (+€635,030) and Other debts (+€604,048)
- Financial fixed assets +€60,575
new in 2025: €60,575
- Tangible fixed assets -€43,760
down €43,760 (-33.0%), from €132,504 to €88,745
of which Plant, machinery and equipment: -€28,420
Equity and liabilities
- Other debts +€604,048
up €604,048 (+1,888%), from €31,988 to €636,036
- Short-term financial debts +€125,235
up €125,235 (+417%), from €30,000 to €155,235
- Trade debts +€84,567
up €84,567 (+89.5%), from €94,452 to €179,019
- Tax, wage and social debts +€51,898
up €51,898 (+95.4%), from €54,412 to €106,310
of which Taxes: +€44,775
- Debts after one year +€42,615
up €42,615 (+85.8%), from €49,675 to €92,290
of which Other amounts payable: +€60,575
Income statement
- Gross operating margin +€746,582
up €746,582 (+108%), from €689,268 to €1.4m
- Taxes +€212,423
up €212,423 (+29,330%), from €724 to €213,147
- Staff costs -€66,160
down €66,160 (-10.8%), from €614,812 to €548,652
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€21,470
Gross operating margin
+€746,582
Staff costs
+€66,160
Depreciation
+€2,072
Other operating charges
-€1,577
Financial income
+€12,263
Financial charges
+€485
Taxes
-€212,423
Result 2025
€635,030
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€708,179
Investment
-€60,575
Financing
-€470,050
Cash 2024
€50,153
From operations (derived)
+€708,179
Net result for the year
+€635,030
Depreciation
+€43,760
Receivables within one year
-€709,465
Smaller working-capital items
-€1,659
Trade debts
+€84,567
Tax, wage and social debts
+€51,898
Other debts
+€604,048
Investment (derived)
-€60,575
Investment in fixed assets (net)
-€60,575
Financing
-€470,050
Debts after one year
+€42,615
Current portion of long-term debt
-€1,046
Short-term financial debts
+€125,235
Contributions, distributions and other
-€636,854
Cash 2025
€227,707
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €424,442 | €1,328,833 | +€904,391 | +213% |
| Fixed assets | 21/28 | €132,504 | €149,320 | +€16,815 | +12.7% |
| Tangible fixed assets | 22/27 | €132,504 | €88,745 | -€43,760 | -33.0% |
| Plant, machinery and equipment | 23 | €95,183 | €66,764 | -€28,420 | -29.9% |
| Furniture and vehicles | 24 | €37,321 | €21,981 | -€15,340 | -41.1% |
| Financial fixed assets | 28 | - | €60,575 | +€60,575 | |
| Current assets | 29/58 | €291,938 | €1,179,513 | +€887,576 | +304% |
| Stocks and contracts in progress | 3 | €15,525 | €15,525 | = | 0.0% |
| Stocks | 30/36 | €15,525 | €15,525 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €211,490 | €920,955 | +€709,465 | +335% |
| Trade receivables | 40 | €159,665 | €335,016 | +€175,351 | +110% |
| Other amounts receivable | 41 | €51,825 | €585,939 | +€534,113 | +1,031% |
| Cash at bank and in hand | 54/58 | €50,153 | €227,707 | +€177,554 | +354% |
| Deferred charges and accrued income | 490/1 | €14,770 | €15,327 | +€557 | +3.8% |
| Total equity and liabilities | 10/49 | €424,442 | €1,328,833 | +€904,391 | +213% |
| Equity | 10/15 | €132,186 | €130,362 | -€1,824 | -1.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €108,773 | €108,773 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €106,918 | €106,918 | = | 0.0% |
| Investment grants | 15 | €4,863 | €3,039 | -€1,824 | -37.5% |
| Provisions and deferred taxes | 16 | €1,621 | €1,013 | -€608 | -37.5% |
| Deferred taxes | 168 | €1,621 | €1,013 | -€608 | -37.5% |
| Amounts payable | 17/49 | €290,635 | €1,197,458 | +€906,823 | +312% |
| Amounts payable after more than one year | 17 | €49,675 | €92,290 | +€42,615 | +85.8% |
| Financial debts | 170/4 | €49,675 | €31,715 | -€17,960 | -36.2% |
| Other amounts payable | 178/9 | - | €60,575 | +€60,575 | |
| Amounts payable within one year | 42/48 | €240,004 | €1,104,706 | +€864,702 | +360% |
| Current portion of amounts payable after more than one year | 42 | €29,152 | €28,106 | -€1,046 | -3.6% |
| Financial debts | 43 | €30,000 | €155,235 | +€125,235 | +417% |
| Credit institutions | 430/8 | €30,000 | €155,235 | +€125,235 | +417% |
| Trade debts | 44 | €94,452 | €179,019 | +€84,567 | +89.5% |
| Suppliers | 440/4 | €94,452 | €179,019 | +€84,567 | +89.5% |
| Taxes, remuneration and social security | 45 | €54,412 | €106,310 | +€51,898 | +95.4% |
| Taxes | 450/3 | €12,993 | €57,768 | +€44,775 | +345% |
| Remuneration and social security | 454/9 | €41,419 | €48,542 | +€7,123 | +17.2% |
| Other amounts payable | 47/48 | €31,988 | €636,036 | +€604,048 | +1,888% |
| Accrued charges and deferred income | 492/3 | €956 | €462 | -€494 | -51.7% |
| Non-recurring operating income | 76A | €544 | €3,038 | +€2,494 | +458% |
| Remuneration, social security and pensions | 62 | €614,812 | €548,652 | -€66,160 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,832 | €43,760 | -€2,072 | -4.5% |
| Other operating charges | 640/8 | €4,415 | €5,992 | +€1,577 | +35.7% |
| Gross operating margin | 9900 | €689,268 | €1,435,850 | +€746,582 | +108% |
| Operating profit (loss) | 9901 | €24,210 | €837,446 | +€813,236 | +3,359% |
| Financial income | 75/76B | €4,845 | €17,108 | +€12,263 | +253% |
| Recurring financial income | 75 | €4,845 | €17,108 | +€12,263 | +253% |
| Financial charges | 65/66B | €7,469 | €6,984 | -€485 | -6.5% |
| Recurring financial charges | 65 | €7,469 | €6,984 | -€485 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €21,586 | €847,570 | +€825,984 | +3,826% |
| Transfer from deferred taxes | 780 | €608 | €608 | = | 0.0% |
| Income taxes | 67/77 | €724 | €213,147 | +€212,423 | +29,330% |
| Profit (loss) for the period | 9904 | €21,470 | €635,030 | +€613,561 | +2,858% |
| Profit (loss) for the period to be appropriated | 9905 | €21,470 | €635,030 | +€613,561 | +2,858% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.