Nico 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.
Nico Menuiserie
Largest movements
- Cash +€26,960
up €26,960 (+14.8%), from €181,605 to €208,565
mainly Advances received (+€59,521) and Net result for the year (+€50,743)
- Receivables within one year -€23,870
down €23,870 (-32.2%), from €74,161 to €50,291
of which Trade receivables: -€23,655
- Tangible fixed assets -€19,403
down €19,403 (-22.0%), from €88,096 to €68,693
of which Furniture and vehicles: -€14,141
- Stocks and contracts +€11,474
up €11,474 (+17.2%), from €66,569 to €78,043
- Advances received +€59,521
up €59,521 (+54.5%), from €109,140 to €168,661
- Trade debts -€41,918
down €41,918 (-86.6%), from €48,413 to €6,495
- Other debts -€40,531
down €40,531 (-53.7%), from €75,531 to €35,000
- Reserves +€15,000
up €15,000 (+10.0%), from €150,000 to €165,000
- Staff costs +€48,984
up €48,984 (+84.8%), from €57,780 to €106,764
- Gross operating margin +€12,397
up €12,397 (+7.6%), from €163,999 to €176,396
- Taxes -€7,896
down €7,896 (-39.2%), from €20,136 to €12,240
- Financial income +€5,347
up €5,347 (+35.3%), from €15,126 to €20,473
- Depreciation +€3,265
up €3,265 (+14.8%), from €22,021 to €25,286
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 | €421,016 | €415,914 | -€5,102 | -1.2% |
| Fixed assets | 21/28 | €88,096 | €68,693 | -€19,403 | -22.0% |
| Tangible fixed assets | 22/27 | €88,096 | €68,693 | -€19,403 | -22.0% |
| Land and buildings | 22 | €35,472 | €28,925 | -€6,547 | -18.5% |
| Plant, machinery and equipment | 23 | €2,330 | €3,615 | +€1,285 | +55.1% |
| Furniture and vehicles | 24 | €50,294 | €36,153 | -€14,141 | -28.1% |
| Current assets | 29/58 | €332,919 | €347,220 | +€14,301 | +4.3% |
| Stocks and contracts in progress | 3 | €66,569 | €78,043 | +€11,474 | +17.2% |
| Stocks | 30/36 | €66,569 | €78,043 | +€11,474 | +17.2% |
| Amounts receivable within one year | 40/41 | €74,161 | €50,291 | -€23,870 | -32.2% |
| Trade receivables | 40 | €35,130 | €11,475 | -€23,655 | -67.3% |
| Other amounts receivable | 41 | €39,031 | €38,816 | -€215 | -0.6% |
| Cash at bank and in hand | 54/58 | €181,605 | €208,565 | +€26,960 | +14.8% |
| Deferred charges and accrued income | 490/1 | €10,584 | €10,321 | -€263 | -2.5% |
| Total equity and liabilities | 10/49 | €421,016 | €415,914 | -€5,102 | -1.2% |
| Equity | 10/15 | €162,496 | €178,239 | +€15,743 | +9.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €150,000 | €165,000 | +€15,000 | +10.0% |
| Distributable reserves | 133 | €150,000 | €165,000 | +€15,000 | +10.0% |
| Profit (loss) carried forward | 14 | €7,496 | €8,239 | +€743 | +9.9% |
| Amounts payable | 17/49 | €258,520 | €237,675 | -€20,845 | -8.1% |
| Amounts payable after more than one year | 17 | €9,812 | €9,606 | -€206 | -2.1% |
| Financial debts | 170/4 | €9,812 | €9,606 | -€206 | -2.1% |
| Amounts payable within one year | 42/48 | €240,882 | €223,669 | -€17,213 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €7,558 | €9,964 | +€2,406 | +31.8% |
| Trade debts | 44 | €48,413 | €6,495 | -€41,918 | -86.6% |
| Suppliers | 440/4 | €48,413 | €6,495 | -€41,918 | -86.6% |
| Advances received on contracts in progress | 46 | €109,140 | €168,661 | +€59,521 | +54.5% |
| Taxes, remuneration and social security | 45 | €240 | €3,550 | +€3,310 | +1,379% |
| Taxes | 450/3 | €240 | €3,550 | +€3,310 | +1,379% |
| Other amounts payable | 47/48 | €75,531 | €35,000 | -€40,531 | -53.7% |
| Accrued charges and deferred income | 492/3 | €7,826 | €4,399 | -€3,427 | -43.8% |
| Remuneration, social security and pensions | 62 | €57,780 | €106,764 | +€48,984 | +84.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,021 | €25,286 | +€3,265 | +14.8% |
| Other operating charges | 640/8 | €1,178 | €1,213 | +€35 | +2.9% |
| Gross operating margin | 9900 | €163,999 | €176,396 | +€12,397 | +7.6% |
| Operating profit (loss) | 9901 | €83,019 | €43,134 | -€39,886 | -48.0% |
| Financial income | 75/76B | €15,126 | €20,473 | +€5,347 | +35.3% |
| Recurring financial income | 75 | €15,126 | €20,473 | +€5,347 | +35.3% |
| Financial charges | 65/66B | €942 | €624 | -€319 | -33.8% |
| Recurring financial charges | 65 | €942 | €624 | -€319 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €97,203 | €62,983 | -€34,220 | -35.2% |
| Income taxes | 67/77 | €20,136 | €12,240 | -€7,896 | -39.2% |
| Profit (loss) for the period | 9904 | €77,067 | €50,743 | -€26,324 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €77,067 | €50,743 | -€26,324 | -34.2% |
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 29 October 2026 via checked.be.