MEUBLES HOCK: 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.
MEUBLES HOCK
Largest movements
- Tangible fixed assets +€44,360
up €44,360 (+121%), from €36,680 to €81,040
of which Furniture and vehicles: +€45,310
- Cash -€41,174
down €41,174 (-26.8%), from €153,835 to €112,661
mainly Investment in fixed assets (net) (-€54,835) and Debts after one year (-€19,821)
- Deferred charges and accrued income +€5,310
up €5,310 (+90.7%), from €5,853 to €11,163
- Stocks and contracts -€5,118
down €5,118 (-3.7%), from €136,924 to €131,806
- Receivables within one year -€4,451
down €4,451 (-76.2%), from €5,838 to €1,387
of which Other amounts receivable: -€4,666
- Debts after one year -€19,821
down €19,821 (-21.7%), from €91,503 to €71,683
of which Other amounts payable: -€37,913
- Current portion of long-term debt +€16,114
new in 2025: €16,114
- Other debts +€13,719
up €13,719 (+3,988%), from €344 to €14,063
- Reserves -€9,240
down €9,240 (-20.2%), from €45,780 to €36,541
of which Distributable reserves: -€9,240
- Tax, wage and social debts +€8,158
up €8,158 (+164%), from €4,972 to €13,129
of which Taxes: +€7,158
- Depreciation +€10,366
up €10,366 (+9,510%), from €109 to €10,475
- Staff costs -€6,469
down €6,469 (-92.0%), from €7,028 to €560
- Write-downs -€5,236
down €5,236, from €1,881 to -€3,355
- Other operating charges +€2,401
up €2,401 (+38.4%), from €6,249 to €8,650
- Financial charges -€1,352
down €1,352 (-17.1%), from €7,927 to €6,574
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €339,493 | €338,421 | -€1,072 | -0.3% |
| Fixed assets | 21/28 | €37,043 | €81,403 | +€44,360 | +120% |
| Tangible fixed assets | 22/27 | €36,680 | €81,040 | +€44,360 | +121% |
| Land and buildings | 22 | €27,290 | €27,290 | = | 0.0% |
| Plant, machinery and equipment | 23 | €9,390 | €8,440 | -€950 | -10.1% |
| Furniture and vehicles | 24 | - | €45,310 | +€45,310 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €302,450 | €257,018 | -€45,432 | -15.0% |
| Stocks and contracts in progress | 3 | €136,924 | €131,806 | -€5,118 | -3.7% |
| Stocks | 30/36 | €136,924 | €131,806 | -€5,118 | -3.7% |
| Amounts receivable within one year | 40/41 | €5,838 | €1,387 | -€4,451 | -76.2% |
| Trade receivables | 40 | €1,084 | €1,299 | +€215 | +19.8% |
| Other amounts receivable | 41 | €4,754 | €88 | -€4,666 | -98.1% |
| Cash at bank and in hand | 54/58 | €153,835 | €112,661 | -€41,174 | -26.8% |
| Deferred charges and accrued income | 490/1 | €5,853 | €11,163 | +€5,310 | +90.7% |
| Total equity and liabilities | 10/49 | €339,493 | €338,421 | -€1,072 | -0.3% |
| Equity | 10/15 | €189,917 | €180,678 | -€9,240 | -4.9% |
| 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 | €45,780 | €36,541 | -€9,240 | -20.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,968 | €5,968 | = | 0.0% |
| Distributable reserves | 133 | €33,612 | €24,372 | -€9,240 | -27.5% |
| Profit (loss) carried forward | 14 | €82,137 | €82,137 | = | 0.0% |
| Amounts payable | 17/49 | €149,575 | €157,743 | +€8,168 | +5.5% |
| Amounts payable after more than one year | 17 | €91,503 | €71,683 | -€19,821 | -21.7% |
| Financial debts | 170/4 | - | €18,092 | +€18,092 | |
| Other amounts payable | 178/9 | €91,503 | €53,590 | -€37,913 | -41.4% |
| Amounts payable within one year | 42/48 | €49,537 | €79,612 | +€30,075 | +60.7% |
| Current portion of amounts payable after more than one year | 42 | - | €16,114 | +€16,114 | |
| Trade debts | 44 | €21,614 | €17,406 | -€4,209 | -19.5% |
| Suppliers | 440/4 | €21,614 | €17,406 | -€4,209 | -19.5% |
| Advances received on contracts in progress | 46 | €22,607 | €18,901 | -€3,707 | -16.4% |
| Taxes, remuneration and social security | 45 | €4,972 | €13,129 | +€8,158 | +164% |
| Taxes | 450/3 | €2,972 | €10,129 | +€7,158 | +241% |
| Remuneration and social security | 454/9 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Other amounts payable | 47/48 | €344 | €14,063 | +€13,719 | +3,988% |
| Accrued charges and deferred income | 492/3 | €8,535 | €6,448 | -€2,086 | -24.4% |
| Remuneration, social security and pensions | 62 | €7,028 | €560 | -€6,469 | -92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109 | €10,475 | +€10,366 | +9,510% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,881 | -€3,355 | -€5,236 | |
| Other operating charges | 640/8 | €6,249 | €8,650 | +€2,401 | +38.4% |
| Gross operating margin | 9900 | €26,545 | €26,924 | +€378 | +1.4% |
| Operating profit (loss) | 9901 | €11,277 | €10,594 | -€684 | -6.1% |
| Financial income | 75/76B | €4,478 | €4,665 | +€187 | +4.2% |
| Recurring financial income | 75 | €4,478 | €4,665 | +€187 | +4.2% |
| Financial charges | 65/66B | €7,927 | €6,574 | -€1,352 | -17.1% |
| Recurring financial charges | 65 | €7,927 | €6,574 | -€1,352 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €7,829 | €8,684 | +€855 | +10.9% |
| Income taxes | 67/77 | €2,246 | €3,252 | +€1,006 | +44.8% |
| Profit (loss) for the period | 9904 | €5,583 | €5,432 | -€150 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,583 | €5,432 | -€150 | -2.7% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.