MEUBELEN FAES: 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.
What changed
MEUBELEN FAES
NACE 47.551, Retail sale of household furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€188,556
2024 · €72,378+€116,178
Equity
€562,743
2024 · €2.5m-€1.9m
Cash
€470,916
2024 · €2.4m-€1.9m
Balance sheet total
€810,442
2024 · €2.7m-€1.9m
Largest movements
Assets
- Cash -€1.9m
down €1.9m (-80.1%), from €2.4m to €470,916
mainly Contributions, distributions and other (-€2.1m) and Investment in fixed assets (net) (-€26,550)
Equity and liabilities
- Reserves -€1.9m
down €1.9m (-79.2%), from €2.4m to €500,743
of which Distributable reserves: -€1.9m
Income statement
- Gross operating margin +€166,726
up €166,726 (+32.7%), from €510,391 to €677,117
- Taxes +€44,996
up €44,996 (+168%), from €26,825 to €71,820
- Depreciation +€7,561
up €7,561 (+29.7%), from €25,454 to €33,015
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.
Result 2024
€72,378
Gross operating margin
+€166,726
Staff costs
+€6,592
Depreciation
-€7,561
Other operating charges
-€2,600
Other operating items
+€658
Financial income
-€2,505
Financial charges
-€136
Taxes
-€44,996
Result 2025
€188,556
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€229,959
Investment
-€26,550
Financing
-€2.1m
Cash 2024
€2.4m
From operations (derived)
+€229,959
Net result for the year
+€188,556
Depreciation
+€33,015
Stocks and contracts
-€8,808
Receivables within one year
+€15,882
Smaller working-capital items
-€1,294
Trade debts
-€20,436
Advances received
+€23,043
Investment (derived)
-€26,550
Investment in fixed assets (net)
-€26,550
Financing
-€2.1m
Debts after one year
+€4,444
Contributions, distributions and other
-€2.1m
Cash 2025
€470,916
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,714,243 | €810,442 | -€1.9m | -70.1% |
| Fixed assets | 21/28 | €150,005 | €143,540 | -€6,465 | -4.3% |
| Tangible fixed assets | 22/27 | €149,808 | €143,343 | -€6,465 | -4.3% |
| Land and buildings | 22 | €39,910 | €39,663 | -€247 | -0.6% |
| Plant, machinery and equipment | 23 | €67,404 | €51,903 | -€15,501 | -23.0% |
| Furniture and vehicles | 24 | €42,494 | €51,777 | +€9,283 | +21.8% |
| Financial fixed assets | 28 | €197 | €197 | = | 0.0% |
| Current assets | 29/58 | €2,564,238 | €666,902 | -€1.9m | -74.0% |
| Stocks and contracts in progress | 3 | €127,970 | €136,778 | +€8,808 | +6.9% |
| Stocks | 30/36 | €127,970 | €136,778 | +€8,808 | +6.9% |
| Amounts receivable within one year | 40/41 | €58,490 | €42,608 | -€15,882 | -27.2% |
| Trade receivables | 40 | €7,285 | €19,534 | +€12,250 | +168% |
| Other amounts receivable | 41 | €51,206 | €23,073 | -€28,132 | -54.9% |
| Cash at bank and in hand | 54/58 | €2,363,063 | €470,916 | -€1.9m | -80.1% |
| Deferred charges and accrued income | 490/1 | €14,714 | €16,600 | +€1,886 | +12.8% |
| Total equity and liabilities | 10/49 | €2,714,243 | €810,442 | -€1.9m | -70.1% |
| Equity | 10/15 | €2,474,188 | €562,743 | -€1.9m | -77.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,412,188 | €500,743 | -€1.9m | -79.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,405,988 | €494,543 | -€1.9m | -79.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €240,055 | €247,699 | +€7,644 | +3.2% |
| Amounts payable after more than one year | 17 | €13,851 | €18,295 | +€4,444 | +32.1% |
| Other amounts payable | 178/9 | €13,851 | €18,295 | +€4,444 | +32.1% |
| Amounts payable within one year | 42/48 | €225,985 | €229,404 | +€3,418 | +1.5% |
| Trade debts | 44 | €67,199 | €46,764 | -€20,436 | -30.4% |
| Suppliers | 440/4 | €67,199 | €46,764 | -€20,436 | -30.4% |
| Advances received on contracts in progress | 46 | €134,572 | €157,615 | +€23,043 | +17.1% |
| Taxes, remuneration and social security | 45 | €24,190 | €25,002 | +€811 | +3.4% |
| Taxes | 450/3 | €369 | €1,458 | +€1,089 | +295% |
| Remuneration and social security | 454/9 | €23,821 | €23,544 | -€277 | -1.2% |
| Other amounts payable | 47/48 | €24 | €24 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €219 | €0 | -€219 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €358,673 | €352,080 | -€6,592 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,454 | €33,015 | +€7,561 | +29.7% |
| Other operating charges | 640/8 | €29,399 | €31,999 | +€2,600 | +8.8% |
| Non-recurring operating charges | 66A | €2,550 | €1,893 | -€658 | -25.8% |
| Gross operating margin | 9900 | €510,391 | €677,117 | +€166,726 | +32.7% |
| Operating profit (loss) | 9901 | €94,315 | €258,130 | +€163,815 | +174% |
| Financial income | 75/76B | €5,633 | €3,128 | -€2,505 | -44.5% |
| Recurring financial income | 75 | €5,633 | €3,128 | -€2,505 | -44.5% |
| Financial charges | 65/66B | €745 | €881 | +€136 | +18.2% |
| Recurring financial charges | 65 | €745 | €881 | +€136 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €99,203 | €260,376 | +€161,174 | +162% |
| Income taxes | 67/77 | €26,825 | €71,820 | +€44,996 | +168% |
| Profit (loss) for the period | 9904 | €72,378 | €188,556 | +€116,178 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €72,378 | €188,556 | +€116,178 | +161% |
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 25 October 2026 via checked.be.