NANDRIN 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.
NANDRIN MENUISERIE
Largest movements
- Tangible fixed assets +€27,030
up €27,030 (+1,891%), from €1,429 to €28,459
of which Furniture and vehicles: +€27,030
- Receivables within one year -€12,036
down €12,036 (-22.8%), from €52,699 to €40,663
of which Trade receivables: -€18,473
- Cash +€11,181
up €11,181 (+165%), from €6,772 to €17,953
mainly Debts after one year (+€22,076) and Receivables within one year (+€12,036)
- Deferred charges and accrued income +€2,926
up €2,926 (+62.9%), from €4,656 to €7,582
- Debts after one year +€22,076
new in 2025: €22,076
- Reserves +€8,000
up €8,000 (+32.0%), from €25,000 to €33,000
- Current portion of long-term debt +€5,959
new in 2025: €5,959
- Other debts -€4,045
down €4,045 (-82.5%), from €4,900 to €855
- Trade debts -€3,190
down €3,190 (-12.1%), from €26,405 to €23,215
- Gross operating margin +€29,896
up €29,896 (+59.9%), from €49,913 to €79,809
- Staff costs +€17,921
up €17,921 (+38.8%), from €46,171 to €64,091
- Depreciation +€5,306
up €5,306 (+12,991%), from €41 to €5,347
- Other operating charges -€2,109
down €2,109 (-98.1%), from €2,149 to €40
- Taxes +€1,845
up €1,845 (+293%), from €631 to €2,476
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 | €83,164 | €112,275 | +€29,111 | +35.0% |
| Fixed assets | 21/28 | €1,429 | €28,459 | +€27,030 | +1,891% |
| Tangible fixed assets | 22/27 | €1,429 | €28,459 | +€27,030 | +1,891% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,429 | €28,459 | +€27,030 | +1,891% |
| Current assets | 29/58 | €81,734 | €83,815 | +€2,081 | +2.5% |
| Stocks and contracts in progress | 3 | €17,607 | €17,617 | +€10 | +0.1% |
| Stocks | 30/36 | €17,607 | €17,617 | +€10 | +0.1% |
| Amounts receivable within one year | 40/41 | €52,699 | €40,663 | -€12,036 | -22.8% |
| Trade receivables | 40 | €49,522 | €31,048 | -€18,473 | -37.3% |
| Other amounts receivable | 41 | €3,178 | €9,615 | +€6,437 | +203% |
| Cash at bank and in hand | 54/58 | €6,772 | €17,953 | +€11,181 | +165% |
| Deferred charges and accrued income | 490/1 | €4,656 | €7,582 | +€2,926 | +62.9% |
| Total equity and liabilities | 10/49 | €83,164 | €112,275 | +€29,111 | +35.0% |
| Equity | 10/15 | €47,140 | €55,412 | +€8,271 | +17.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,000 | €33,000 | +€8,000 | +32.0% |
| Distributable reserves | 133 | €25,000 | €33,000 | +€8,000 | +32.0% |
| Profit (loss) carried forward | 14 | €15,940 | €16,212 | +€271 | +1.7% |
| Amounts payable | 17/49 | €36,023 | €56,863 | +€20,840 | +57.9% |
| Amounts payable after more than one year | 17 | - | €22,076 | +€22,076 | |
| Financial debts | 170/4 | - | €22,076 | +€22,076 | |
| Amounts payable within one year | 42/48 | €36,023 | €34,787 | -€1,237 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,959 | +€5,959 | |
| Trade debts | 44 | €26,405 | €23,215 | -€3,190 | -12.1% |
| Suppliers | 440/4 | €26,405 | €23,215 | -€3,190 | -12.1% |
| Taxes, remuneration and social security | 45 | €4,718 | €4,758 | +€40 | +0.8% |
| Taxes | 450/3 | €3,328 | €2,476 | -€852 | -25.6% |
| Remuneration and social security | 454/9 | €1,390 | €2,282 | +€892 | +64.1% |
| Other amounts payable | 47/48 | €4,900 | €855 | -€4,045 | -82.5% |
| Remuneration, social security and pensions | 62 | €46,171 | €64,091 | +€17,921 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41 | €5,347 | +€5,306 | +12,991% |
| Other operating charges | 640/8 | €2,149 | €40 | -€2,109 | -98.1% |
| Gross operating margin | 9900 | €49,913 | €79,809 | +€29,896 | +59.9% |
| Operating profit (loss) | 9901 | €1,552 | €10,331 | +€8,779 | +566% |
| Financial income | 75/76B | €1,134 | €1,224 | +€90 | +7.9% |
| Recurring financial income | 75 | €1,134 | €1,224 | +€90 | +7.9% |
| Financial charges | 65/66B | €24 | €807 | +€783 | +3,208% |
| Recurring financial charges | 65 | €24 | €807 | +€783 | +3,208% |
| Profit (loss) for the period before taxes | 9903 | €2,662 | €10,747 | +€8,085 | +304% |
| Income taxes | 67/77 | €631 | €2,476 | +€1,845 | +293% |
| Profit (loss) for the period | 9904 | €2,031 | €8,271 | +€6,240 | +307% |
| Profit (loss) for the period to be appropriated | 9905 | €2,031 | €8,271 | +€6,240 | +307% |
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 20 October 2026 via checked.be.