MH MENUISERIE: 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.
MH MENUISERIE
Largest movements
- Stocks and contracts -€23,631
down €23,631 (-79.8%), from €29,631 to €6,000
- Receivables within one year +€10,538
up €10,538 (+16.0%), from €65,803 to €76,341
of which Other amounts receivable: +€5,768
- Cash +€4,922
new in 2025: €4,922
mainly Depreciation (+€24,464) and Stocks and contracts (+€23,631)
- Tangible fixed assets +€4,572
up €4,572 (+7.4%), from €61,678 to €66,250
of which Furniture and vehicles: +€14,263
- Debts after one year -€15,337
down €15,337 (-21.9%), from €70,166 to €54,829
- Profit (loss) carried forward +€13,847
up €13,847, from -€5,709 to €8,138
- Tax, wage and social debts +€3,745
up €3,745 (+19.0%), from €19,715 to €23,460
of which Taxes: +€4,142
- Trade debts -€3,474
down €3,474 (-44.1%), from €7,878 to €4,404
- Short-term financial debts -€2,089
no longer reported in 2025 (was €2,089)
- Staff costs -€11,102
down €11,102 (-46.2%), from €24,034 to €12,932
- Taxes +€9,392
new in 2025: €9,392
- Depreciation +€7,289
up €7,289 (+42.4%), from €17,175 to €24,464
- Gross operating margin +€4,843
up €4,843 (+7.2%), from €67,142 to €71,985
- Financial charges -€741
down €741 (-10.2%), from €7,231 to €6,490
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 | €157,420 | €153,821 | -€3,599 | -2.3% |
| Fixed assets | 21/28 | €61,986 | €66,558 | +€4,572 | +7.4% |
| Tangible fixed assets | 22/27 | €61,678 | €66,250 | +€4,572 | +7.4% |
| Plant, machinery and equipment | 23 | €10,812 | €6,616 | -€4,196 | -38.8% |
| Furniture and vehicles | 24 | €16,319 | €30,582 | +€14,263 | +87.4% |
| Other tangible fixed assets | 26 | €34,547 | €29,052 | -€5,495 | -15.9% |
| Financial fixed assets | 28 | €308 | €308 | = | 0.0% |
| Current assets | 29/58 | €95,434 | €87,263 | -€8,171 | -8.6% |
| Stocks and contracts in progress | 3 | €29,631 | €6,000 | -€23,631 | -79.8% |
| Stocks | 30/36 | €29,631 | €6,000 | -€23,631 | -79.8% |
| Amounts receivable within one year | 40/41 | €65,803 | €76,341 | +€10,538 | +16.0% |
| Trade receivables | 40 | €58,625 | €63,395 | +€4,770 | +8.1% |
| Other amounts receivable | 41 | €7,178 | €12,946 | +€5,768 | +80.4% |
| Cash at bank and in hand | 54/58 | - | €4,922 | +€4,922 | |
| Total equity and liabilities | 10/49 | €157,420 | €153,821 | -€3,599 | -2.3% |
| Equity | 10/15 | €41,691 | €55,538 | +€13,847 | +33.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,150 | €1,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,150 | €1,150 | = | 0.0% |
| Distributable reserves | 133 | €33,850 | €33,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,709 | €8,138 | +€13,847 | |
| Amounts payable | 17/49 | €115,729 | €98,283 | -€17,446 | -15.1% |
| Amounts payable after more than one year | 17 | €70,166 | €54,829 | -€15,337 | -21.9% |
| Financial debts | 170/4 | €70,166 | €54,829 | -€15,337 | -21.9% |
| Amounts payable within one year | 42/48 | €45,467 | €43,454 | -€2,013 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €14,831 | €15,338 | +€507 | +3.4% |
| Financial debts | 43 | €2,089 | - | -€2,089 | |
| Credit institutions | 430/8 | €2,089 | - | -€2,089 | |
| Trade debts | 44 | €7,878 | €4,404 | -€3,474 | -44.1% |
| Suppliers | 440/4 | €7,878 | €4,404 | -€3,474 | -44.1% |
| Taxes, remuneration and social security | 45 | €19,715 | €23,460 | +€3,745 | +19.0% |
| Taxes | 450/3 | €13,350 | €17,492 | +€4,142 | +31.0% |
| Remuneration and social security | 454/9 | €6,365 | €5,968 | -€397 | -6.2% |
| Other amounts payable | 47/48 | €954 | €252 | -€702 | -73.6% |
| Accrued charges and deferred income | 492/3 | €96 | - | -€96 | |
| Remuneration, social security and pensions | 62 | €24,034 | €12,932 | -€11,102 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,175 | €24,464 | +€7,289 | +42.4% |
| Other operating charges | 640/8 | €1,039 | €1,361 | +€322 | +31.0% |
| Non-recurring operating charges | 66A | - | €3,605 | +€3,605 | |
| Gross operating margin | 9900 | €67,142 | €71,985 | +€4,843 | +7.2% |
| Operating profit (loss) | 9901 | €24,894 | €29,623 | +€4,729 | +19.0% |
| Financial income | 75/76B | €164 | €106 | -€58 | -35.4% |
| Recurring financial income | 75 | €164 | €106 | -€58 | -35.4% |
| Financial charges | 65/66B | €7,231 | €6,490 | -€741 | -10.2% |
| Recurring financial charges | 65 | €7,231 | €6,490 | -€741 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €17,827 | €23,239 | +€5,412 | +30.4% |
| Income taxes | 67/77 | - | €9,392 | +€9,392 | |
| Profit (loss) for the period | 9904 | €17,827 | €13,847 | -€3,980 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,827 | €13,847 | -€3,980 | -22.3% |
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 23 October 2026 via checked.be.