MEUBELCHARME: what changed
What changed
MEUBELCHARME
NACE 47.551, Retail sale of household furniture
filed annual accounts (NBB)
Net result for the year
€3,249
2024 · €7,051-€3,801
Equity
€4.3m
2024 · €259,652+€4.1m
Cash
€43,763
2024 · €9,208+€34,554
Balance sheet total
€6.7m
2024 · €2.7m+€4.0m
Largest movements
Assets
- Tangible fixed assets +€4.1m
up €4.1m (+281%), from €1.4m to €5.5m
Equity and liabilities
- Revaluation surpluses +€4.1m
new in 2025: €4.1m
- Short-term financial debts +€200,000
up €200,000 (+53.3%), from €375,000 to €575,000
- Debts after one year -€163,994
down €163,994 (-21.4%), from €764,684 to €600,691
of which Financial debts: -€283,549
- Trade debts -€82,604
down €82,604 (-17.0%), from €485,371 to €402,767
Income statement
- Gross operating margin -€33,761
down €33,761 (-13.7%), from €246,695 to €212,934
- Financial charges -€19,164
down €19,164 (-26.0%), from €73,811 to €54,647
- Staff costs -€13,275
down €13,275 (-11.6%), from €114,543 to €101,268
- Financial income -€3,175
down €3,175 (-61.0%), from €5,203 to €2,028
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
€7,051
Gross operating margin
-€33,761
Staff costs
+€13,275
Other operating charges
-€718
Financial income
-€3,175
Financial charges
+€19,164
Taxes
+€1,413
Result 2025
€3,249
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
+€5,225
Investment
-€4.1m
Financing
+€4.1m
Cash 2024
€9,208
From operations (derived)
+€5,225
Net result for the year
+€3,249
Depreciation
+€25,253
Stocks and contracts
+€51,892
Smaller working-capital items
-€5,706
Trade debts
-€82,604
Advances received
-€20,072
Accrued charges and deferred income
+€33,211
Investment (derived)
-€4.1m
Investment in fixed assets (net)
-€4.1m
Financing
+€4.1m
Debts after one year
-€163,994
Current portion of long-term debt
-€6,677
Short-term financial debts
+€200,000
Contributions, distributions and other
+€4.1m
Cash 2025
€43,763
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,698,272 | €6,735,590 | +€4.0m | +150% |
| Fixed assets | 21/28 | €1,442,134 | €5,500,000 | +€4.1m | +281% |
| Tangible fixed assets | 22/27 | €1,442,134 | €5,500,000 | +€4.1m | +281% |
| Land and buildings | 22 | €1,442,134 | €5,500,000 | +€4.1m | +281% |
| Current assets | 29/58 | €1,256,138 | €1,235,590 | -€20,548 | -1.6% |
| Stocks and contracts in progress | 3 | €1,197,976 | €1,146,084 | -€51,892 | -4.3% |
| Stocks | 30/36 | €1,197,976 | €1,146,084 | -€51,892 | -4.3% |
| Amounts receivable within one year | 40/41 | €48,953 | €45,743 | -€3,210 | -6.6% |
| Trade receivables | 40 | €43,253 | €40,043 | -€3,210 | -7.4% |
| Other amounts receivable | 41 | €5,700 | €5,700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,208 | €43,763 | +€34,554 | +375% |
| Total equity and liabilities | 10/49 | €2,698,272 | €6,735,590 | +€4.0m | +150% |
| Equity | 10/15 | €259,652 | €4,346,020 | +€4.1m | +1,574% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | - | €4,083,119 | +€4.1m | |
| Reserves | 13 | €198,152 | €201,401 | +€3,249 | +1.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €192,002 | €195,251 | +€3,249 | +1.7% |
| Amounts payable | 17/49 | €2,438,621 | €2,389,569 | -€49,051 | -2.0% |
| Amounts payable after more than one year | 17 | €764,684 | €600,691 | -€163,994 | -21.4% |
| Financial debts | 170/4 | €362,742 | €79,192 | -€283,549 | -78.2% |
| Other amounts payable | 178/9 | €401,942 | €521,498 | +€119,556 | +29.7% |
| Amounts payable within one year | 42/48 | €1,532,906 | €1,614,637 | +€81,731 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €311,019 | €304,342 | -€6,677 | -2.1% |
| Financial debts | 43 | €375,000 | €575,000 | +€200,000 | +53.3% |
| Credit institutions | 430/8 | €375,000 | €575,000 | +€200,000 | +53.3% |
| Trade debts | 44 | €485,371 | €402,767 | -€82,604 | -17.0% |
| Suppliers | 440/4 | €485,371 | €402,767 | -€82,604 | -17.0% |
| Advances received on contracts in progress | 46 | €308,450 | €288,378 | -€20,072 | -6.5% |
| Taxes, remuneration and social security | 45 | €53,066 | €44,150 | -€8,916 | -16.8% |
| Taxes | 450/3 | €36,215 | €30,782 | -€5,433 | -15.0% |
| Remuneration and social security | 454/9 | €16,851 | €13,368 | -€3,483 | -20.7% |
| Accrued charges and deferred income | 492/3 | €141,030 | €174,242 | +€33,211 | +23.5% |
| Non-recurring operating income | 76A | €14,639 | - | -€14,639 | |
| Remuneration, social security and pensions | 62 | €114,543 | €101,268 | -€13,275 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,253 | €25,253 | = | 0.0% |
| Other operating charges | 640/8 | €28,138 | €28,856 | +€718 | +2.6% |
| Gross operating margin | 9900 | €246,695 | €212,934 | -€33,761 | -13.7% |
| Operating profit (loss) | 9901 | €78,760 | €57,557 | -€21,204 | -26.9% |
| Financial income | 75/76B | €5,203 | €2,028 | -€3,175 | -61.0% |
| Recurring financial income | 75 | €5,203 | €2,028 | -€3,175 | -61.0% |
| Financial charges | 65/66B | €73,811 | €54,647 | -€19,164 | -26.0% |
| Recurring financial charges | 65 | €73,811 | €54,647 | -€19,164 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €10,152 | €4,938 | -€5,214 | -51.4% |
| Income taxes | 67/77 | €3,102 | €1,689 | -€1,413 | -45.6% |
| Profit (loss) for the period | 9904 | €7,051 | €3,249 | -€3,801 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,051 | €3,249 | -€3,801 | -53.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.