MEUBILI: 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
MEUBILI
NACE 47.551, Retail sale of household furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€289,043
2024 · €247,024-€536,067
Equity
€2.9m
2024 · €3.2m-€289,043
Cash
€265,164
2024 · €29,601+€235,563
Balance sheet total
€7.1m
2024 · €6.2m+€831,911
Largest movements
Assets
- Receivables within one year +€411,217
up €411,217 (+47.0%), from €874,976 to €1.3m
of which Trade receivables: +€325,655
- Stocks and contracts +€399,784
up €399,784 (+11.0%), from €3.6m to €4.0m
- Receivables after one year -€277,147
down €277,147 (-100%), from €277,147 to €0
- Cash +€235,563
up €235,563 (+796%), from €29,601 to €265,164
mainly Short-term financial debts (+€852,505) and Advances received (+€284,320)
- Tangible fixed assets +€115,556
up €115,556 (+14.0%), from €822,555 to €938,111
of which Other tangible fixed assets: +€132,214
Equity and liabilities
- Short-term financial debts +€852,505
up €852,505 (+341%), from €250,000 to €1.1m
- Other debts -€341,881
down €341,881 (-69.2%), from €494,257 to €152,376
- Reserves -€289,043
down €289,043 (-9.9%), from €2.9m to €2.6m
of which Tax-exempt reserves: -€391,530
- Advances received +€284,320
up €284,320 (+52.2%), from €544,183 to €828,503
- Debts after one year +€214,134
up €214,134 (+58.3%), from €367,370 to €581,503
Income statement
- Turnover -€9.7m
no longer reported in 2025 (was €9.7m)
- Goods and materials -€6.1m
no longer reported in 2025 (was €6.1m)
of which Purchases: -€5.8m
- Services and other goods -€2.8m
no longer reported in 2025 (was €2.8m)
- Gross operating margin +€1.2m
new in 2025: €1.2m
- Write-downs +€329,504
up €329,504 (+79.9%), from -€412,236 to -€82,733
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
€247,024
Turnover
-€9.7m
Other operating income
-€294,618
Goods and materials
+€6.1m
Services and other goods
+€2.8m
Staff costs
-€59,450
Depreciation
-€32,367
Write-downs
-€329,504
Other operating charges
-€71,756
Other operating items
+€1.1m
Financial income
-€112,419
Financial charges
-€11,909
Taxes
+€101,519
Result 2025
-€289,043
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
-€549,312
Investment
-€325,167
Financing
+€1.1m
Cash 2024
€29,601
From operations (derived)
-€549,312
Net result for the year
-€289,043
Depreciation
+€239,228
Receivables after one year
+€277,147
Stocks and contracts
-€399,784
Receivables within one year
-€411,217
Deferred charges and accrued income
+€23,445
Trade debts
+€136,539
Tax, wage and social debts
+€53,786
Advances received
+€284,320
Other debts
-€341,881
Accrued charges and deferred income
-€121,851
Investment (derived)
-€325,167
Investment in fixed assets (net)
-€325,167
Financing
+€1.1m
Debts after one year
+€214,134
Current portion of long-term debt
+€43,403
Short-term financial debts
+€852,505
Cash 2025
€265,164
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,218,265 | €7,050,176 | +€831,911 | +13.4% |
| Formation expenses | 20 | €527 | €0 | -€527 | -100% |
| Fixed assets | 21/28 | €1,210,207 | €1,296,673 | +€86,466 | +7.1% |
| Intangible fixed assets | 21 | €386,752 | €357,862 | -€28,890 | -7.5% |
| Tangible fixed assets | 22/27 | €822,555 | €938,111 | +€115,556 | +14.0% |
| Plant, machinery and equipment | 23 | €46,914 | €22,027 | -€24,887 | -53.0% |
| Furniture and vehicles | 24 | €77,491 | €90,943 | +€13,453 | +17.4% |
| Leasing and similar rights | 25 | €16,011 | €10,788 | -€5,222 | -32.6% |
| Other tangible fixed assets | 26 | €682,139 | €814,353 | +€132,214 | +19.4% |
| Financial fixed assets | 28 | €900 | €700 | -€200 | -22.2% |
| Other financial fixed assets | 284/8 | €900 | - | -€900 | |
| Amounts receivable and cash guarantees | 285/8 | €900 | - | -€900 | |
| Current assets | 29/58 | €5,007,531 | €5,753,503 | +€745,972 | +14.9% |
| Amounts receivable after more than one year | 29 | €277,147 | €0 | -€277,147 | -100% |
| Other amounts receivable | 291 | €277,147 | €0 | -€277,147 | -100% |
| Stocks and contracts in progress | 3 | €3,640,407 | €4,040,191 | +€399,784 | +11.0% |
| Stocks | 30/36 | €3,640,407 | €4,040,191 | +€399,784 | +11.0% |
| Goods purchased for resale | 34 | €3,640,407 | - | -€3.6m | |
| Amounts receivable within one year | 40/41 | €874,976 | €1,286,193 | +€411,217 | +47.0% |
| Trade receivables | 40 | €714,425 | €1,040,080 | +€325,655 | +45.6% |
| Other amounts receivable | 41 | €160,551 | €246,113 | +€85,562 | +53.3% |
| Cash at bank and in hand | 54/58 | €29,601 | €265,164 | +€235,563 | +796% |
| Deferred charges and accrued income | 490/1 | €185,399 | €161,954 | -€23,445 | -12.6% |
| Total equity and liabilities | 10/49 | €6,218,265 | €7,050,176 | +€831,911 | +13.4% |
| Equity | 10/15 | €3,178,557 | €2,889,514 | -€289,043 | -9.1% |
| Contributions | 10/11 | €247,000 | €247,000 | = | 0.0% |
| Reserves | 13 | €2,931,557 | €2,642,514 | -€289,043 | -9.9% |
| Tax-exempt reserves | 132 | €458,500 | €66,970 | -€391,530 | -85.4% |
| Distributable reserves | 133 | €2,473,057 | €2,575,544 | +€102,487 | +4.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,039,707 | €4,160,662 | +€1.1m | +36.9% |
| Amounts payable after more than one year | 17 | €367,370 | €581,503 | +€214,134 | +58.3% |
| Financial debts | 170/4 | €367,370 | €581,503 | +€214,134 | +58.3% |
| Leasing and similar obligations | 172 | €6,926 | - | -€6,926 | |
| Credit institutions | 173 | €360,443 | - | -€360,443 | |
| Amounts payable within one year | 42/48 | €2,529,736 | €3,558,407 | +€1.0m | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €92,957 | €136,359 | +€43,403 | +46.7% |
| Financial debts | 43 | €250,000 | €1,102,505 | +€852,505 | +341% |
| Credit institutions | 430/8 | €250,000 | €1,102,505 | +€852,505 | +341% |
| Trade debts | 44 | €958,726 | €1,095,265 | +€136,539 | +14.2% |
| Suppliers | 440/4 | €958,726 | €1,095,265 | +€136,539 | +14.2% |
| Advances received on contracts in progress | 46 | €544,183 | €828,503 | +€284,320 | +52.2% |
| Taxes, remuneration and social security | 45 | €189,613 | €243,399 | +€53,786 | +28.4% |
| Taxes | 450/3 | €114,308 | €168,211 | +€53,903 | +47.2% |
| Remuneration and social security | 454/9 | €75,305 | €75,188 | -€117 | -0.2% |
| Other amounts payable | 47/48 | €494,257 | €152,376 | -€341,881 | -69.2% |
| Accrued charges and deferred income | 492/3 | €142,602 | €20,751 | -€121,851 | -85.4% |
| Operating income | 70/76A | €10,036,725 | - | -€10.0m | |
| Turnover | 70 | €9,735,836 | - | -€9.7m | |
| Other operating income | 74 | €294,618 | - | -€294,618 | |
| Non-recurring operating income | 76A | €6,270 | €63,465 | +€57,194 | +912% |
| Operating charges | 60/66A | €9,749,083 | - | -€9.7m | |
| Goods for resale, raw materials and consumables | 60 | €6,114,837 | - | -€6.1m | |
| Purchases | 600/8 | €5,760,131 | - | -€5.8m | |
| Change in stocks: decrease (increase) | 609 | €354,706 | - | -€354,706 | |
| Services and other goods | 61 | €2,779,687 | - | -€2.8m | |
| Remuneration, social security and pensions | 62 | €886,378 | €945,828 | +€59,450 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,861 | €239,228 | +€32,367 | +15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€412,236 | -€82,733 | +€329,504 | +79.9% |
| Other operating charges | 640/8 | €162,719 | €234,475 | +€71,756 | +44.1% |
| Non-recurring operating charges | 66A | €10,838 | €105,910 | +€95,073 | +877% |
| Gross operating margin | 9900 | - | €1,217,092 | +€1.2m | |
| Operating profit (loss) | 9901 | €287,642 | -€225,616 | -€513,258 | |
| Financial income | 75/76B | €183,716 | €71,298 | -€112,419 | -61.2% |
| Recurring financial income | 75 | €183,716 | €71,298 | -€112,419 | -61.2% |
| Income from current assets | 751 | €44,949 | - | -€44,949 | |
| Other financial income | 752/9 | €138,767 | - | -€138,767 | |
| Financial charges | 65/66B | €121,584 | €133,494 | +€11,909 | +9.8% |
| Recurring financial charges | 65 | €121,584 | €133,494 | +€11,909 | +9.8% |
| Debt charges | 650 | €52,633 | - | -€52,633 | |
| Other financial charges | 652/9 | €68,952 | - | -€68,952 | |
| Profit (loss) for the period before taxes | 9903 | €349,774 | -€287,812 | -€637,586 | |
| Income taxes | 67/77 | €102,750 | €1,231 | -€101,519 | -98.8% |
| Taxes | 670/3 | €102,750 | - | -€102,750 | |
| Profit (loss) for the period | 9904 | €247,024 | -€289,043 | -€536,067 | |
| Transfer from tax-exempt reserves | 789 | €0 | €391,530 | +€391,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €247,024 | €102,487 | -€144,537 | -58.5% |
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 13 October 2026 via checked.be.