Meubles Manil: 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
Meubles Manil
NACE 47.551, Retail sale of household furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€221,015
2024 · €228,646-€7,631
Equity
€3.5m
2024 · €3.3m+€221,015
Cash
€490,506
2024 · €831,351-€340,845
Balance sheet total
€3.7m
2024 · €3.7m+€56,892
Largest movements
Assets
- Cash -€340,845
down €340,845 (-41.0%), from €831,351 to €490,506
mainly Current investments (-€300,000) and Investment in fixed assets (net) (-€107,565)
- Current investments +€300,000
new in 2025: €300,000
- Stocks and contracts +€73,524
up €73,524 (+8.3%), from €886,384 to €959,908
Equity and liabilities
- Reserves +€220,000
up €220,000 (+7.0%), from €3.1m to €3.4m
of which Distributable reserves: +€220,000
- Debts after one year -€76,622
down €76,622 (-92.3%), from €83,024 to €6,402
- Trade debts -€54,357
down €54,357 (-35.0%), from €155,452 to €101,095
Income statement
- Staff costs +€9,101
up €9,101 (+3.8%), from €240,707 to €249,807
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
€228,646
Gross operating margin
+€6,934
Staff costs
-€9,101
Depreciation
-€5,856
Write-downs
+€3,339
Other operating charges
-€1,439
Other operating items
-€372
Financial income
-€2,445
Financial charges
-€1,786
Taxes
+€3,094
Result 2025
€221,015
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
+€142,970
Investment
-€407,565
Financing
-€76,250
Cash 2024
€831,351
From operations (derived)
+€142,970
Net result for the year
+€221,015
Depreciation
+€86,692
Stocks and contracts
-€73,524
Receivables within one year
+€66
Deferred charges and accrued income
-€3,405
Trade debts
-€54,357
Tax, wage and social debts
-€28,643
Other debts
-€4,874
Investment (derived)
-€407,565
Investment in fixed assets (net)
-€107,565
Current investments
-€300,000
Financing
-€76,250
Debts after one year
-€76,622
Current portion of long-term debt
+€372
Cash 2025
€490,506
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,684,970 | €3,741,862 | +€56,892 | +1.5% |
| Fixed assets | 21/28 | €1,917,026 | €1,937,899 | +€20,873 | +1.1% |
| Tangible fixed assets | 22/27 | €1,916,462 | €1,937,335 | +€20,873 | +1.1% |
| Land and buildings | 22 | €1,760,268 | €1,721,321 | -€38,946 | -2.2% |
| Plant, machinery and equipment | 23 | €84,738 | €77,936 | -€6,803 | -8.0% |
| Furniture and vehicles | 24 | €71,456 | €138,078 | +€66,622 | +93.2% |
| Financial fixed assets | 28 | €564 | €564 | = | 0.0% |
| Current assets | 29/58 | €1,767,944 | €1,803,963 | +€36,018 | +2.0% |
| Stocks and contracts in progress | 3 | €886,384 | €959,908 | +€73,524 | +8.3% |
| Stocks | 30/36 | €886,384 | €959,908 | +€73,524 | +8.3% |
| Amounts receivable within one year | 40/41 | €15,711 | €15,645 | -€66 | -0.4% |
| Trade receivables | 40 | €14,982 | €15,606 | +€624 | +4.2% |
| Other amounts receivable | 41 | €729 | €39 | -€690 | -94.6% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €831,351 | €490,506 | -€340,845 | -41.0% |
| Deferred charges and accrued income | 490/1 | €34,498 | €37,903 | +€3,405 | +9.9% |
| Total equity and liabilities | 10/49 | €3,684,970 | €3,741,862 | +€56,892 | +1.5% |
| Equity | 10/15 | €3,277,176 | €3,498,191 | +€221,015 | +6.7% |
| Contributions | 10/11 | €7,622 | €7,622 | = | 0.0% |
| Reserves | 13 | €3,135,715 | €3,355,715 | +€220,000 | +7.0% |
| Non-distributable reserves | 130/1 | €762 | €762 | = | 0.0% |
| Reserves not available under the articles | 1311 | €762 | €762 | = | 0.0% |
| Distributable reserves | 133 | €3,134,953 | €3,354,953 | +€220,000 | +7.0% |
| Profit (loss) carried forward | 14 | €133,839 | €134,854 | +€1,015 | +0.8% |
| Amounts payable | 17/49 | €407,794 | €243,671 | -€164,123 | -40.2% |
| Amounts payable after more than one year | 17 | €83,024 | €6,402 | -€76,622 | -92.3% |
| Financial debts | 170/4 | €83,024 | €6,402 | -€76,622 | -92.3% |
| Amounts payable within one year | 42/48 | €324,770 | €237,269 | -€87,502 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €76,250 | €76,622 | +€372 | +0.5% |
| Trade debts | 44 | €155,452 | €101,095 | -€54,357 | -35.0% |
| Suppliers | 440/4 | €155,452 | €101,095 | -€54,357 | -35.0% |
| Taxes, remuneration and social security | 45 | €87,053 | €58,410 | -€28,643 | -32.9% |
| Taxes | 450/3 | €66,543 | €36,090 | -€30,453 | -45.8% |
| Remuneration and social security | 454/9 | €20,511 | €22,320 | +€1,810 | +8.8% |
| Other amounts payable | 47/48 | €6,015 | €1,142 | -€4,874 | -81.0% |
| Non-recurring operating income | 76A | €3,396 | €4,260 | +€864 | +25.4% |
| Remuneration, social security and pensions | 62 | €240,707 | €249,807 | +€9,101 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,836 | €86,692 | +€5,856 | +7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,987 | -€5,326 | -€3,339 | -168% |
| Other operating charges | 640/8 | €35,476 | €36,915 | +€1,439 | +4.1% |
| Non-recurring operating charges | 66A | - | €372 | +€372 | |
| Gross operating margin | 9900 | €694,705 | €701,639 | +€6,934 | +1.0% |
| Operating profit (loss) | 9901 | €339,674 | €333,180 | -€6,494 | -1.9% |
| Financial income | 75/76B | €4,315 | €1,870 | -€2,445 | -56.7% |
| Recurring financial income | 75 | €2,128 | €1,857 | -€271 | -12.7% |
| Non-recurring financial income | 76B | €2,187 | €13 | -€2,174 | -99.4% |
| Financial charges | 65/66B | €6,479 | €8,265 | +€1,786 | +27.6% |
| Recurring financial charges | 65 | €5,737 | €5,856 | +€119 | +2.1% |
| Non-recurring financial charges | 66B | €743 | €2,409 | +€1,667 | +224% |
| Profit (loss) for the period before taxes | 9903 | €337,510 | €326,785 | -€10,725 | -3.2% |
| Income taxes | 67/77 | €108,864 | €105,770 | -€3,094 | -2.8% |
| Profit (loss) for the period | 9904 | €228,646 | €221,015 | -€7,631 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €228,646 | €221,015 | -€7,631 | -3.3% |
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 31 October 2026 via checked.be.