S.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.
S.MENUISERIE
Largest movements
- Receivables within one year +€21,851
up €21,851 (+26.8%), from €81,523 to €103,374
of which Other amounts receivable: +€18,719
- Tangible fixed assets -€13,969
down €13,969 (-36.9%), from €37,847 to €23,878
of which Furniture and vehicles: -€12,925
- Stocks and contracts -€11,848
down €11,848 (-70.3%), from €16,848 to €5,000
of which Stocks: -€11,848
- Cash +€9,923
up €9,923 (+46.9%), from €21,150 to €31,073
mainly Net result for the year (+€26,531) and Tax, wage and social debts (+€17,565)
- Profit (loss) carried forward +€26,531
up €26,531 (+6,562%), from €404 to €26,935
- Tax, wage and social debts +€17,565
up €17,565 (+449%), from €3,914 to €21,479
of which Taxes: +€16,639
- Debts after one year -€17,370
down €17,370 (-32.3%), from €53,736 to €36,366
- Trade debts -€13,616
down €13,616 (-17.8%), from €76,303 to €62,687
of which Suppliers: -€13,031
- Current portion of long-term debt -€5,765
down €5,765 (-32.2%), from €17,881 to €12,116
- Financial charges -€26,665
down €26,665 (-81.2%), from €32,847 to €6,181
- Taxes +€9,725
up €9,725 (+464%), from €2,096 to €11,821
- Depreciation -€3,469
down €3,469 (-21.1%), from €16,458 to €12,990
- Financial income +€2,014
up €2,014 (+162%), from €1,245 to €3,260
- Staff costs +€1,414
up €1,414 (+8.2%), from €17,236 to €18,650
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 | €157,391 | €163,373 | +€5,983 | +3.8% |
| Fixed assets | 21/28 | €37,870 | €23,878 | -€13,992 | -36.9% |
| Intangible fixed assets | 21 | €23 | €0 | -€23 | -100% |
| Tangible fixed assets | 22/27 | €37,847 | €23,878 | -€13,969 | -36.9% |
| Plant, machinery and equipment | 23 | €0 | €7,543 | +€7,543 | |
| Furniture and vehicles | 24 | €29,260 | €16,335 | -€12,925 | -44.2% |
| Leasing and similar rights | 25 | €8,587 | €0 | -€8,587 | -100% |
| Current assets | 29/58 | €119,520 | €139,495 | +€19,975 | +16.7% |
| Stocks and contracts in progress | 3 | €16,848 | €5,000 | -€11,848 | -70.3% |
| Stocks | 30/36 | €16,848 | €5,000 | -€11,848 | -70.3% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €81,523 | €103,374 | +€21,851 | +26.8% |
| Trade receivables | 40 | €35,896 | €39,028 | +€3,132 | +8.7% |
| Other amounts receivable | 41 | €45,627 | €64,346 | +€18,719 | +41.0% |
| Cash at bank and in hand | 54/58 | €21,150 | €31,073 | +€9,923 | +46.9% |
| Deferred charges and accrued income | 490/1 | €0 | €49 | +€49 | |
| Total equity and liabilities | 10/49 | €157,391 | €163,373 | +€5,983 | +3.8% |
| Equity | 10/15 | €3,404 | €29,935 | +€26,531 | +779% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €404 | €26,935 | +€26,531 | +6,562% |
| Amounts payable | 17/49 | €153,986 | €133,438 | -€20,548 | -13.3% |
| Amounts payable after more than one year | 17 | €53,736 | €36,366 | -€17,370 | -32.3% |
| Financial debts | 170/4 | €53,736 | €36,366 | -€17,370 | -32.3% |
| Amounts payable within one year | 42/48 | €100,098 | €97,072 | -€3,026 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €17,881 | €12,116 | -€5,765 | -32.2% |
| Trade debts | 44 | €76,303 | €62,687 | -€13,616 | -17.8% |
| Suppliers | 440/4 | €75,718 | €62,687 | -€13,031 | -17.2% |
| Bills of exchange payable | 441 | €585 | €0 | -€585 | -100% |
| Advances received on contracts in progress | 46 | €2,000 | €790 | -€1,210 | -60.5% |
| Taxes, remuneration and social security | 45 | €3,914 | €21,479 | +€17,565 | +449% |
| Taxes | 450/3 | €3,741 | €20,380 | +€16,639 | +445% |
| Remuneration and social security | 454/9 | €173 | €1,099 | +€926 | +535% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €152 | €0 | -€152 | -100% |
| Non-recurring operating income | 76A | €823 | €915 | +€92 | +11.2% |
| Remuneration, social security and pensions | 62 | €17,236 | €18,650 | +€1,414 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,458 | €12,990 | -€3,469 | -21.1% |
| Other operating charges | 640/8 | €2,382 | €3,120 | +€738 | +31.0% |
| Non-recurring operating charges | 66A | €543 | €4,275 | +€3,732 | +688% |
| Gross operating margin | 9900 | €80,354 | €80,308 | -€46 | -0.1% |
| Operating profit (loss) | 9901 | €43,734 | €41,273 | -€2,461 | -5.6% |
| Financial income | 75/76B | €1,245 | €3,260 | +€2,014 | +162% |
| Recurring financial income | 75 | €1,245 | €3,260 | +€2,014 | +162% |
| Financial charges | 65/66B | €32,847 | €6,181 | -€26,665 | -81.2% |
| Recurring financial charges | 65 | €32,847 | €6,181 | -€26,665 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €12,133 | €38,352 | +€26,219 | +216% |
| Income taxes | 67/77 | €2,096 | €11,821 | +€9,725 | +464% |
| Profit (loss) for the period | 9904 | €10,036 | €26,531 | +€16,495 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €10,036 | €26,531 | +€16,495 | +164% |
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 18 October 2026 via checked.be.