MEUBELEN THOMAS: 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 THOMAS
NACE 47.551, Retail sale of household furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€26,298
2024 · -€81,235+€54,936
Equity
€808,517
2024 · €834,815-€26,298
Cash
€70,562
2024 · €73,156-€2,594
Balance sheet total
€2.3m
2024 · €1.8m+€477,845
Largest movements
Assets
- Tangible fixed assets +€520,928
up €520,928 (+130%), from €400,642 to €921,570
of which Land and buildings: +€534,313
- Stocks and contracts -€54,915
down €54,915 (-4.3%), from €1.3m to €1.2m
Equity and liabilities
- Short-term financial debts +€478,679
up €478,679 (+191%), from €250,402 to €729,081
- Trade debts +€63,708
up €63,708 (+18.1%), from €351,712 to €415,420
- Debts after one year -€56,511
down €56,511 (-33.4%), from €169,097 to €112,586
- Reserves -€26,298
down €26,298 (-6.1%), from €428,267 to €401,968
of which Distributable reserves: -€26,298
Income statement
- Gross operating margin +€65,175
up €65,175 (+14.5%), from €450,232 to €515,407
- Financial income -€10,547
down €10,547 (-95.5%), from €11,043 to €496
of which Financial income: -€7,957
- Depreciation -€6,321
down €6,321 (-10.0%), from €63,086 to €56,765
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
-€81,235
Gross operating margin
+€65,175
Staff costs
+€104
Depreciation
+€6,321
Other operating charges
-€3,243
Other operating items
+€130
Financial income
-€10,547
Financial charges
-€3,417
Taxes
+€414
Result 2025
-€26,298
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
+€157,612
Investment
-€577,693
Financing
+€417,487
Cash 2024
€73,156
From operations (derived)
+€157,612
Net result for the year
-€26,298
Depreciation
+€56,765
Stocks and contracts
+€54,915
Receivables within one year
-€17,553
Deferred charges and accrued income
+€3,128
Trade debts
+€63,708
Tax, wage and social debts
+€4,745
Advances received
+€6,728
Other debts
-€1,085
Accrued charges and deferred income
+€12,559
Investment (derived)
-€577,693
Investment in fixed assets (net)
-€577,693
Financing
+€417,487
Debts after one year
-€56,511
Current portion of long-term debt
-€4,681
Short-term financial debts
+€478,679
Cash 2025
€70,562
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,784,271 | €2,262,116 | +€477,845 | +26.8% |
| Fixed assets | 21/28 | €400,642 | €921,570 | +€520,928 | +130% |
| Tangible fixed assets | 22/27 | €400,642 | €921,570 | +€520,928 | +130% |
| Land and buildings | 22 | €315,583 | €849,896 | +€534,313 | +169% |
| Plant, machinery and equipment | 23 | €7,580 | €4,940 | -€2,640 | -34.8% |
| Furniture and vehicles | 24 | €2,604 | €7,496 | +€4,892 | +188% |
| Leasing and similar rights | 25 | €74,876 | €59,238 | -€15,637 | -20.9% |
| Current assets | 29/58 | €1,383,629 | €1,340,546 | -€43,083 | -3.1% |
| Stocks and contracts in progress | 3 | €1,281,416 | €1,226,501 | -€54,915 | -4.3% |
| Stocks | 30/36 | €1,281,416 | €1,226,501 | -€54,915 | -4.3% |
| Amounts receivable within one year | 40/41 | €18,086 | €35,639 | +€17,553 | +97.1% |
| Trade receivables | 40 | €18,086 | €34,159 | +€16,073 | +88.9% |
| Other amounts receivable | 41 | - | €1,480 | +€1,480 | |
| Cash at bank and in hand | 54/58 | €73,156 | €70,562 | -€2,594 | -3.5% |
| Deferred charges and accrued income | 490/1 | €10,971 | €7,843 | -€3,128 | -28.5% |
| Total equity and liabilities | 10/49 | €1,784,271 | €2,262,116 | +€477,845 | +26.8% |
| Equity | 10/15 | €834,815 | €808,517 | -€26,298 | -3.2% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,549 | €6,549 | = | 0.0% |
| Reserves | 13 | €428,267 | €401,968 | -€26,298 | -6.1% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,614 | €1,614 | = | 0.0% |
| Distributable reserves | 133 | €386,653 | €360,355 | -€26,298 | -6.8% |
| Amounts payable | 17/49 | €949,456 | €1,453,599 | +€504,143 | +53.1% |
| Amounts payable after more than one year | 17 | €169,097 | €112,586 | -€56,511 | -33.4% |
| Financial debts | 170/4 | €169,097 | €112,586 | -€56,511 | -33.4% |
| Amounts payable within one year | 42/48 | €778,359 | €1,326,453 | +€548,095 | +70.4% |
| Current portion of amounts payable after more than one year | 42 | €60,074 | €55,393 | -€4,681 | -7.8% |
| Financial debts | 43 | €250,402 | €729,081 | +€478,679 | +191% |
| Credit institutions | 430/8 | €250,402 | €729,081 | +€478,679 | +191% |
| Trade debts | 44 | €351,712 | €415,420 | +€63,708 | +18.1% |
| Suppliers | 440/4 | €351,712 | €415,420 | +€63,708 | +18.1% |
| Advances received on contracts in progress | 46 | €18,276 | €25,004 | +€6,728 | +36.8% |
| Taxes, remuneration and social security | 45 | €96,810 | €101,555 | +€4,745 | +4.9% |
| Taxes | 450/3 | €42,250 | €30,381 | -€11,869 | -28.1% |
| Remuneration and social security | 454/9 | €54,560 | €71,174 | +€16,613 | +30.4% |
| Other amounts payable | 47/48 | €1,085 | - | -€1,085 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €14,559 | +€12,559 | +628% |
| Non-recurring operating income | 76A | €11,000 | - | -€11,000 | |
| Remuneration, social security and pensions | 62 | €405,871 | €405,767 | -€104 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,086 | €56,765 | -€6,321 | -10.0% |
| Other operating charges | 640/8 | €38,614 | €41,858 | +€3,243 | +8.4% |
| Non-recurring operating charges | 66A | €130 | - | -€130 | |
| Gross operating margin | 9900 | €450,232 | €515,407 | +€65,175 | +14.5% |
| Operating profit (loss) | 9901 | -€57,470 | €11,017 | +€68,487 | |
| Financial income | 75/76B | €11,043 | €496 | -€10,547 | -95.5% |
| Recurring financial income | 75 | €8,454 | €496 | -€7,957 | -94.1% |
| Non-recurring financial income | 76B | €2,590 | - | -€2,590 | |
| Financial charges | 65/66B | €34,636 | €38,053 | +€3,417 | +9.9% |
| Recurring financial charges | 65 | €34,636 | €38,053 | +€3,417 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | -€81,062 | -€26,540 | +€54,522 | +67.3% |
| Income taxes | 67/77 | €172 | -€242 | -€414 | |
| Profit (loss) for the period | 9904 | -€81,235 | -€26,298 | +€54,936 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,235 | -€26,298 | +€54,936 | +67.6% |
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 1 November 2026 via checked.be.