TOP 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.
TOP MENUISERIE
Largest movements
- Cash -€61,729
down €61,729 (-78.4%), from €78,760 to €17,031
mainly Advances received (-€71,661) and Debts after one year (-€41,128)
- Tangible fixed assets -€45,230
down €45,230 (-22.4%), from €202,253 to €157,023
- Receivables within one year +€35,482
up €35,482 (+319%), from €11,112 to €46,594
of which Trade receivables: +€39,158
- Advances received -€71,661
no longer reported in 2025 (was €71,661)
- Trade debts +€56,975
up €56,975 (+3,021%), from €1,886 to €58,860
- Debts after one year -€41,128
down €41,128 (-63.2%), from €65,033 to €23,906
- Current portion of long-term debt -€9,350
down €9,350 (-18.5%), from €50,532 to €41,183
- Tax, wage and social debts -€6,810
down €6,810 (-29.0%), from €23,511 to €16,701
of which Remuneration and social security: -€3,728
- Turnover -€116,660
down €116,660 (-13.3%), from €876,092 to €759,432
- Purchases and services -€73,882
down €73,882 (-11.3%), from €652,205 to €578,323
- Gross operating margin -€42,778
down €42,778 (-19.1%), from €223,886 to €181,109
- Staff costs -€30,164
down €30,164 (-18.6%), from €161,951 to €131,787
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 | €324,270 | €254,549 | -€69,722 | -21.5% |
| Fixed assets | 21/28 | €202,472 | €157,242 | -€45,230 | -22.3% |
| Tangible fixed assets | 22/27 | €202,253 | €157,023 | -€45,230 | -22.4% |
| Land and buildings | 22 | €106,078 | €94,532 | -€11,546 | -10.9% |
| Plant, machinery and equipment | 23 | €16,744 | €13,876 | -€2,869 | -17.1% |
| Furniture and vehicles | 24 | €9,177 | - | -€9,177 | |
| Leasing and similar rights | 25 | €70,254 | €48,615 | -€21,639 | -30.8% |
| Financial fixed assets | 28 | €219 | €219 | = | 0.0% |
| Current assets | 29/58 | €121,798 | €97,307 | -€24,491 | -20.1% |
| Stocks and contracts in progress | 3 | €30,115 | €32,829 | +€2,714 | +9.0% |
| Stocks | 30/36 | €30,115 | €32,829 | +€2,714 | +9.0% |
| Amounts receivable within one year | 40/41 | €11,112 | €46,594 | +€35,482 | +319% |
| Trade receivables | 40 | - | €39,158 | +€39,158 | |
| Other amounts receivable | 41 | €11,112 | €7,436 | -€3,676 | -33.1% |
| Cash at bank and in hand | 54/58 | €78,760 | €17,031 | -€61,729 | -78.4% |
| Deferred charges and accrued income | 490/1 | €1,812 | €854 | -€958 | -52.9% |
| Total equity and liabilities | 10/49 | €324,270 | €254,549 | -€69,722 | -21.5% |
| Equity | 10/15 | €109,217 | €111,470 | +€2,253 | +2.1% |
| Contributions | 10/11 | €11,160 | €11,160 | = | 0.0% |
| Capital | 10 | €11,160 | - | -€11,160 | |
| Issued capital | 100 | €11,160 | - | -€11,160 | |
| Reserves | 13 | €5,800 | €8,050 | +€2,250 | +38.8% |
| Distributable reserves | 133 | €5,800 | €8,050 | +€2,250 | +38.8% |
| Profit (loss) carried forward | 14 | €92,257 | €92,260 | +€3 | 0.0% |
| Amounts payable | 17/49 | €215,053 | €143,079 | -€71,974 | -33.5% |
| Amounts payable after more than one year | 17 | €65,033 | €23,906 | -€41,128 | -63.2% |
| Financial debts | 170/4 | €65,033 | €23,906 | -€41,128 | -63.2% |
| Amounts payable within one year | 42/48 | €150,020 | €119,173 | -€30,847 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €50,532 | €41,183 | -€9,350 | -18.5% |
| Trade debts | 44 | €1,886 | €58,860 | +€56,975 | +3,021% |
| Suppliers | 440/4 | €1,886 | €58,860 | +€56,975 | +3,021% |
| Advances received on contracts in progress | 46 | €71,661 | - | -€71,661 | |
| Taxes, remuneration and social security | 45 | €23,511 | €16,701 | -€6,810 | -29.0% |
| Taxes | 450/3 | €9,832 | €6,750 | -€3,082 | -31.3% |
| Remuneration and social security | 454/9 | €13,679 | €9,951 | -€3,728 | -27.3% |
| Other amounts payable | 47/48 | €2,429 | €2,429 | = | 0.0% |
| Turnover | 70 | €876,092 | €759,432 | -€116,660 | -13.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €652,205 | €578,323 | -€73,882 | -11.3% |
| Remuneration, social security and pensions | 62 | €161,951 | €131,787 | -€30,164 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,364 | €36,414 | -€6,951 | -16.0% |
| Other operating charges | 640/8 | €7,924 | €8,103 | +€180 | +2.3% |
| Gross operating margin | 9900 | €223,886 | €181,109 | -€42,778 | -19.1% |
| Operating profit (loss) | 9901 | €10,648 | €4,805 | -€5,843 | -54.9% |
| Financial income | 75/76B | €11,502 | €3,975 | -€7,527 | -65.4% |
| Recurring financial income | 75 | €11,502 | €3,975 | -€7,527 | -65.4% |
| Financial charges | 65/66B | €5,765 | €4,528 | -€1,237 | -21.5% |
| Recurring financial charges | 65 | €5,765 | €4,528 | -€1,237 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €16,385 | €4,253 | -€12,132 | -74.0% |
| Income taxes | 67/77 | €10,531 | €2,000 | -€8,531 | -81.0% |
| Profit (loss) for the period | 9904 | €5,854 | €2,253 | -€3,601 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,854 | €2,253 | -€3,601 | -61.5% |
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 17 October 2026 via checked.be.