Muebles: what changed
Two fiscal 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.
Muebles
Largest movements
- Deferred charges and accrued income +€9,048
new in 2025: €9,048
- Stocks and contracts +€7,773
up €7,773 (+9.5%), from €81,798 to €89,571
- Intangible fixed assets -€4,286
down €4,286 (-14.8%), from €28,932 to €24,646
- Receivables within one year -€1,578
down €1,578 (-62.4%), from €2,529 to €950
of which Other amounts receivable: -€1,729
- Trade debts +€18,803
up €18,803 (+366.6%), from €5,129 to €23,933
- Debts after one year -€9,755
down €9,755 (-27.4%), from €35,570 to €25,815
- Reserves +€3,956
up €3,956 (+151.2%), from €2,616 to €6,572
- Tax, wage and social debts -€2,946
down €2,946 (-47.0%), from €6,272 to €3,326
- Gross operating margin +€6,306
up €6,306 (+107.6%), from €5,861 to €12,167
- Depreciation +€3,292
up €3,292 (+230.6%), from €1,427 to €4,719
- Financial income +€2,204
new in 2025: €2,204
- Financial charges +€1,847
up €1,847 (+183.0%), from €1,009 to €2,856
- Other operating charges +€1,480
up €1,480 (+1402.6%), from €106 to €1,585
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.
Cash bridge derived
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 | €121,940 | €133,779 | +€11,839 | +9.7% |
| Formation expenses | 20 | €1,810 | €1,376 | -€434 | -24.0% |
| Fixed assets | 21/28 | €28,932 | €24,646 | -€4,286 | -14.8% |
| Intangible fixed assets | 21 | €28,932 | €24,646 | -€4,286 | -14.8% |
| Current assets | 29/58 | €91,199 | €107,757 | +€16,559 | +18.2% |
| Stocks and contracts in progress | 3 | €81,798 | €89,571 | +€7,773 | +9.5% |
| Stocks | 30/36 | €81,798 | €89,571 | +€7,773 | +9.5% |
| Amounts receivable within one year | 40/41 | €2,529 | €950 | -€1,578 | -62.4% |
| Trade receivables | 40 | €800 | €950 | +€150 | +18.8% |
| Other amounts receivable | 41 | €1,729 | €0 | -€1,729 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,873 | €8,188 | +€1,315 | +19.1% |
| Deferred charges and accrued income | 490/1 | - | €9,048 | +€9,048 | |
| Total equity and liabilities | 10/49 | €121,940 | €133,779 | +€11,839 | +9.7% |
| Equity | 10/15 | €22,616 | €26,572 | +€3,956 | +17.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,616 | €6,572 | +€3,956 | +151.2% |
| Distributable reserves | 133 | €2,616 | €6,572 | +€3,956 | +151.2% |
| Amounts payable | 17/49 | €99,324 | €107,207 | +€7,883 | +7.9% |
| Amounts payable after more than one year | 17 | €35,570 | €25,815 | -€9,755 | -27.4% |
| Financial debts | 170/4 | €35,570 | €25,815 | -€9,755 | -27.4% |
| Amounts payable within one year | 42/48 | €63,754 | €81,375 | +€17,621 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €9,253 | €9,755 | +€502 | +5.4% |
| Trade debts | 44 | €5,129 | €23,933 | +€18,803 | +366.6% |
| Suppliers | 440/4 | €5,129 | €23,933 | +€18,803 | +366.6% |
| Taxes, remuneration and social security | 45 | €6,272 | €3,326 | -€2,946 | -47.0% |
| Taxes | 450/3 | €6,272 | €3,326 | -€2,946 | -47.0% |
| Other amounts payable | 47/48 | €43,099 | €44,361 | +€1,261 | +2.9% |
| Accrued charges and deferred income | 492/3 | €0 | €17 | +€17 | +11533.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,427 | €4,719 | +€3,292 | +230.6% |
| Other operating charges | 640/8 | €106 | €1,585 | +€1,480 | +1402.6% |
| Gross operating margin | 9900 | €5,861 | €12,167 | +€6,306 | +107.6% |
| Operating profit (loss) | 9901 | €4,328 | €5,862 | +€1,534 | +35.4% |
| Financial income | 75/76B | - | €2,204 | +€2,204 | |
| Recurring financial income | 75 | - | €2,204 | +€2,204 | |
| Financial charges | 65/66B | €1,009 | €2,856 | +€1,847 | +183.0% |
| Recurring financial charges | 65 | €1,009 | €2,856 | +€1,847 | +183.0% |
| Profit (loss) for the period before taxes | 9903 | €3,319 | €5,210 | +€1,891 | +57.0% |
| Income taxes | 67/77 | €703 | €1,254 | +€551 | +78.3% |
| Profit (loss) for the period | 9904 | €2,616 | €3,956 | +€1,340 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,616 | €3,956 | +€1,340 | +51.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.