NG Menuiserie & Bâtiment: 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
NG Menuiserie & Bâtiment
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€48,263
2024 · €50,136-€1,873
Equity
€238,882
2024 · €191,450+€47,432
Cash
€231,937
2024 · €233,442-€1,505
Balance sheet total
€585,512
2024 · €573,210+€12,302
Largest movements
Assets
- Tangible fixed assets +€18,907
up €18,907 (+9.8%), from €191,989 to €210,896
of which Furniture and vehicles: +€31,429
Equity and liabilities
- Profit (loss) carried forward +€48,263
up €48,263 (+42.5%), from €113,565 to €161,828
- Trade debts -€36,172
down €36,172 (-28.1%), from €128,855 to €92,683
- Advances received -€13,677
no longer reported in 2025 (was €13,677)
- Debts after one year +€9,694
up €9,694 (+7.7%), from €126,432 to €136,126
Income statement
- Staff costs +€92,107
up €92,107 (+47.6%), from €193,647 to €285,754
- Gross operating margin +€91,204
up €91,204 (+30.0%), from €304,240 to €395,444
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
€50,136
Gross operating margin
+€91,204
Staff costs
-€92,107
Depreciation
+€168
Write-downs
+€2,368
Other operating charges
-€2,440
Other operating items
+€1,366
Financial income
-€2,503
Financial charges
-€378
Taxes
+€449
Result 2025
€48,263
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
+€28,597
Investment
-€42,295
Financing
+€12,193
Cash 2024
€233,442
From operations (derived)
+€28,597
Net result for the year
+€48,263
Depreciation
+€23,388
Receivables within one year
+€4,706
Deferred charges and accrued income
+€394
Trade debts
-€36,172
Tax, wage and social debts
-€847
Advances received
-€13,677
Other debts
+€2,273
Accrued charges and deferred income
+€269
Investment (derived)
-€42,295
Investment in fixed assets (net)
-€42,295
Financing
+€12,193
Debts after one year
+€9,694
Current portion of long-term debt
+€3,330
Contributions, distributions and other
-€831
Cash 2025
€231,937
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €573,210 | €585,512 | +€12,302 | +2.1% |
| Fixed assets | 21/28 | €192,214 | €211,121 | +€18,907 | +9.8% |
| Tangible fixed assets | 22/27 | €191,989 | €210,896 | +€18,907 | +9.8% |
| Land and buildings | 22 | €177,629 | €169,579 | -€8,050 | -4.5% |
| Plant, machinery and equipment | 23 | €10,586 | €6,114 | -€4,472 | -42.2% |
| Furniture and vehicles | 24 | €3,774 | €35,203 | +€31,429 | +833% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €380,996 | €374,391 | -€6,605 | -1.7% |
| Amounts receivable within one year | 40/41 | €145,526 | €140,820 | -€4,706 | -3.2% |
| Trade receivables | 40 | €111,400 | €96,096 | -€15,304 | -13.7% |
| Other amounts receivable | 41 | €34,126 | €44,724 | +€10,598 | +31.1% |
| Cash at bank and in hand | 54/58 | €233,442 | €231,937 | -€1,505 | -0.6% |
| Deferred charges and accrued income | 490/1 | €2,028 | €1,634 | -€394 | -19.4% |
| Total equity and liabilities | 10/49 | €573,210 | €585,512 | +€12,302 | +2.1% |
| Equity | 10/15 | €191,450 | €238,882 | +€47,432 | +24.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €43,422 | €43,422 | = | 0.0% |
| Distributable reserves | 133 | €43,422 | €43,422 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,565 | €161,828 | +€48,263 | +42.5% |
| Investment grants | 15 | €14,463 | €13,632 | -€831 | -5.7% |
| Amounts payable | 17/49 | €381,760 | €346,630 | -€35,130 | -9.2% |
| Amounts payable after more than one year | 17 | €126,432 | €136,126 | +€9,694 | +7.7% |
| Financial debts | 170/4 | €126,432 | €136,126 | +€9,694 | +7.7% |
| Amounts payable within one year | 42/48 | €255,185 | €210,092 | -€45,093 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €15,346 | €18,676 | +€3,330 | +21.7% |
| Trade debts | 44 | €128,855 | €92,683 | -€36,172 | -28.1% |
| Suppliers | 440/4 | €128,855 | €92,683 | -€36,172 | -28.1% |
| Advances received on contracts in progress | 46 | €13,677 | - | -€13,677 | |
| Taxes, remuneration and social security | 45 | €35,173 | €34,326 | -€847 | -2.4% |
| Taxes | 450/3 | €24,076 | €2,607 | -€21,469 | -89.2% |
| Remuneration and social security | 454/9 | €11,097 | €31,719 | +€20,622 | +186% |
| Other amounts payable | 47/48 | €62,134 | €64,407 | +€2,273 | +3.7% |
| Accrued charges and deferred income | 492/3 | €143 | €412 | +€269 | +188% |
| Remuneration, social security and pensions | 62 | €193,647 | €285,754 | +€92,107 | +47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,556 | €23,388 | -€168 | -0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,137 | €1,769 | -€2,368 | -57.2% |
| Other operating charges | 640/8 | €14,778 | €17,218 | +€2,440 | +16.5% |
| Non-recurring operating charges | 66A | €1,691 | €325 | -€1,366 | -80.8% |
| Gross operating margin | 9900 | €304,240 | €395,444 | +€91,204 | +30.0% |
| Operating profit (loss) | 9901 | €66,431 | €66,990 | +€559 | +0.8% |
| Financial income | 75/76B | €3,505 | €1,002 | -€2,503 | -71.4% |
| Recurring financial income | 75 | €3,505 | €1,002 | -€2,503 | -71.4% |
| Financial charges | 65/66B | €5,180 | €5,558 | +€378 | +7.3% |
| Recurring financial charges | 65 | €5,180 | €5,558 | +€378 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €64,756 | €62,434 | -€2,322 | -3.6% |
| Income taxes | 67/77 | €14,620 | €14,171 | -€449 | -3.1% |
| Profit (loss) for the period | 9904 | €50,136 | €48,263 | -€1,873 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,136 | €48,263 | -€1,873 | -3.7% |
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 1 November 2026 via checked.be.