SELECTION MEUBLES: 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.
What changed
SELECTION MEUBLES
NACE 31.004, Manufacture of dining room, living room, bedroom and bathroom furniture
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€57,740
2024 · -€139,829+€82,088
Equity
€5.4m
2024 · €4.7m+€728,102
Cash
€712,163
2024 · €684,850+€27,313
Balance sheet total
€6.5m
2024 · €5.8m+€736,577
Largest movements
Assets
- Tangible fixed assets +€610,287
up €610,287 (+39.3%), from €1.6m to €2.2m
of which Land and buildings: +€634,956
- Receivables within one year +€168,794
up €168,794 (+29.2%), from €578,090 to €746,884
of which Trade receivables: +€166,512
- Intangible fixed assets -€95,351
down €95,351 (-11.2%), from €853,097 to €757,745
Equity and liabilities
- Revaluation surpluses +€785,491
new in 2025: €785,491
- Trade debts +€75,168
up €75,168 (+24.9%), from €301,730 to €376,899
Income statement
- Gross operating margin +€190,057
up €190,057 (+15.8%), from €1.2m to €1.4m
- Staff costs +€26,089
up €26,089 (+2.6%), from €1.0m to €1.0m
- Taxes +€18,750
up €18,750 (+2496.3%), from €751 to €19,501
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
-€139,829
Gross operating margin
+€190,057
Staff costs
-€26,089
Depreciation
-€2,628
Write-downs
-€4,079
Other operating charges
-€4,325
Other operating items
-€44,000
Financial income
-€7,587
Financial charges
-€511
Taxes
-€18,750
Result 2025
-€57,740
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.
From operations
+€79,551
Investment
-€838,081
Financing
+€785,843
Cash 2024
€684,850
From operations (derived)
+€79,551
Net result for the year
-€57,740
Depreciation
+€323,146
Stocks and contracts
+€4,325
Receivables within one year
-€168,794
Deferred charges and accrued income
-€29,860
Provisions
-€352
Trade debts
+€75,168
Tax, wage and social debts
+€30,187
Advances received
-€51,619
Other debts
-€29,909
Accrued charges and deferred income
-€15,000
Investment (derived)
-€838,081
Investment in fixed assets (net)
-€838,081
Financing
+€785,843
Contributions, distributions and other
+€785,843
Cash 2025
€712,163
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,812,846 | €6,549,423 | +€736,577 | +12.7% |
| Fixed assets | 21/28 | €2,406,705 | €2,921,640 | +€514,935 | +21.4% |
| Intangible fixed assets | 21 | €853,097 | €757,745 | -€95,351 | -11.2% |
| Tangible fixed assets | 22/27 | €1,553,074 | €2,163,361 | +€610,287 | +39.3% |
| Land and buildings | 22 | €1,478,720 | €2,113,676 | +€634,956 | +42.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €74,353 | €49,685 | -€24,669 | -33.2% |
| Financial fixed assets | 28 | €534 | €534 | = | 0.0% |
| Current assets | 29/58 | €3,406,141 | €3,627,783 | +€221,642 | +6.5% |
| Stocks and contracts in progress | 3 | €2,112,024 | €2,107,698 | -€4,325 | -0.2% |
| Stocks | 30/36 | €2,112,024 | €2,107,698 | -€4,325 | -0.2% |
| Amounts receivable within one year | 40/41 | €578,090 | €746,884 | +€168,794 | +29.2% |
| Trade receivables | 40 | €190,042 | €356,553 | +€166,512 | +87.6% |
| Other amounts receivable | 41 | €388,048 | €390,331 | +€2,282 | +0.6% |
| Cash at bank and in hand | 54/58 | €684,850 | €712,163 | +€27,313 | +4.0% |
| Deferred charges and accrued income | 490/1 | €31,178 | €61,038 | +€29,860 | +95.8% |
| Total equity and liabilities | 10/49 | €5,812,846 | €6,549,423 | +€736,577 | +12.7% |
| Equity | 10/15 | €4,711,511 | €5,439,614 | +€728,102 | +15.5% |
| Contributions | 10/11 | €2,170,373 | €2,170,373 | = | 0.0% |
| Capital | 10 | €2,170,373 | €2,170,373 | = | 0.0% |
| Issued capital | 100 | €2,170,373 | €2,170,373 | = | 0.0% |
| Revaluation surpluses | 12 | - | €785,491 | +€785,491 | |
| Reserves | 13 | €844,414 | €844,414 | = | 0.0% |
| Non-distributable reserves | 130/1 | €136,323 | €136,323 | = | 0.0% |
| Legal reserve | 130 | €136,323 | €136,323 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,532 | €29,532 | = | 0.0% |
| Distributable reserves | 133 | €678,559 | €678,559 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,696,724 | €1,639,336 | -€57,389 | -3.4% |
| Provisions and deferred taxes | 16 | €4,223 | €3,871 | -€352 | -8.3% |
| Deferred taxes | 168 | €4,223 | €3,871 | -€352 | -8.3% |
| Amounts payable | 17/49 | €1,097,111 | €1,105,938 | +€8,827 | +0.8% |
| Amounts payable within one year | 42/48 | €1,082,111 | €1,105,938 | +€23,827 | +2.2% |
| Trade debts | 44 | €301,730 | €376,899 | +€75,168 | +24.9% |
| Suppliers | 440/4 | €301,730 | €376,899 | +€75,168 | +24.9% |
| Advances received on contracts in progress | 46 | €550,856 | €499,237 | -€51,619 | -9.4% |
| Taxes, remuneration and social security | 45 | €182,810 | €212,997 | +€30,187 | +16.5% |
| Taxes | 450/3 | €57,437 | €85,207 | +€27,769 | +48.3% |
| Remuneration and social security | 454/9 | €125,372 | €127,790 | +€2,418 | +1.9% |
| Other amounts payable | 47/48 | €46,716 | €16,807 | -€29,909 | -64.0% |
| Accrued charges and deferred income | 492/3 | €15,000 | €0 | -€15,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,017,470 | €1,043,559 | +€26,089 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €320,518 | €323,146 | +€2,628 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,079 | €0 | +€4,079 | |
| Other operating charges | 640/8 | €95,235 | €99,560 | +€4,325 | +4.5% |
| Non-recurring operating charges | 66A | €0 | €44,000 | +€44,000 | |
| Gross operating margin | 9900 | €1,199,339 | €1,389,396 | +€190,057 | +15.8% |
| Operating profit (loss) | 9901 | -€229,805 | -€120,869 | +€108,936 | +47.4% |
| Financial income | 75/76B | €100,833 | €93,246 | -€7,587 | -7.5% |
| Recurring financial income | 75 | €100,833 | €93,246 | -€7,587 | -7.5% |
| Financial charges | 65/66B | €10,105 | €10,616 | +€511 | +5.1% |
| Recurring financial charges | 65 | €10,105 | €10,616 | +€511 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€139,078 | -€38,239 | +€100,839 | +72.5% |
| Income taxes | 67/77 | €751 | €19,501 | +€18,750 | +2496.3% |
| Profit (loss) for the period | 9904 | -€139,829 | -€57,740 | +€82,088 | +58.7% |
| Transfer from tax-exempt reserves | 789 | €352 | €352 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€139,477 | -€57,389 | +€82,088 | +58.9% |
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 7 October 2026 via checked.be.