Belgian Bedding: 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
Belgian Bedding
NACE 31.003, Manufacture of furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.2m
2024 · €21,788-€1.2m
Equity
€1.3m
2024 · €758,204+€546,215
Cash
€7,702
2024 · €14,847-€7,145
Balance sheet total
€9.3m
2024 · €758,204+€8.5m
Largest movements
Assets
- Tangible fixed assets +€4.6m
new in 2025: €4.6m
of which Land and buildings: +€4.0m
- Stocks and contracts +€2.3m
up €2.3m (+4,487%), from €51,265 to €2.4m
- Intangible fixed assets +€1.4m
new in 2025: €1.4m
- Receivables within one year +€241,333
up €241,333 (+34.9%), from €692,092 to €933,424
of which Trade receivables: +€910,427
Equity and liabilities
- Debts after one year +€5.3m
new in 2025: €5.3m
- Contributions +€1.8m
up €1.8m (+700%), from €250,000 to €2.0m
- Trade debts +€1.3m
new in 2025: €1.3m
- Current portion of long-term debt +€979,330
new in 2025: €979,330
- Profit (loss) carried forward -€695,581
new in 2025: -€695,581
Income statement
- Turnover +€5.0m
up €5.0m, from €0 to €5.0m
- Purchases and services +€3.8m
up €3.8m (+102,274%), from €3,717 to €3.8m
- Staff costs +€2.7m
new in 2025: €2.7m
- Gross operating margin +€2.2m
up €2.2m, from -€3,650 to €2.2m
- Depreciation +€480,761
new in 2025: €480,761
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
€21,788
Gross operating margin
+€2.2m
Staff costs
-€2.7m
Depreciation
-€480,761
Other operating charges
-€68,932
Financial income
+€14,247
Financial charges
-€197,469
Taxes
+€6,256
Result 2025
-€1.2m
raises the resultlowers the result
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
-€1.6m
Investment
-€6.5m
Financing
+€8.1m
Cash 2024
€14,847
From operations (derived)
-€1.6m
Net result for the year
-€1.2m
Depreciation
+€480,761
Stocks and contracts
-€2.3m
Receivables within one year
-€241,333
Smaller working-capital items
+€9,432
Trade debts
+€1.3m
Tax, wage and social debts
+€362,580
Investment (derived)
-€6.5m
Investment in fixed assets (net)
-€6.5m
Financing
+€8.1m
Debts after one year
+€5.3m
Current portion of long-term debt
+€979,330
Short-term financial debts
+€36,912
Contributions, distributions and other
+€1.8m
Cash 2025
€7,702
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €758,204 | €9,264,528 | +€8.5m | +1,122% |
| Fixed assets | 21/28 | - | €5,971,119 | +€6.0m | |
| Intangible fixed assets | 21 | - | €1,388,998 | +€1.4m | |
| Tangible fixed assets | 22/27 | - | €4,582,120 | +€4.6m | |
| Land and buildings | 22 | - | €4,031,496 | +€4.0m | |
| Plant, machinery and equipment | 23 | - | €489,357 | +€489,357 | |
| Furniture and vehicles | 24 | - | €61,268 | +€61,268 | |
| Current assets | 29/58 | €758,204 | €3,293,409 | +€2.5m | +334% |
| Stocks and contracts in progress | 3 | €51,265 | €2,351,647 | +€2.3m | +4,487% |
| Stocks | 30/36 | €51,265 | €2,351,647 | +€2.3m | +4,487% |
| Amounts receivable within one year | 40/41 | €692,092 | €933,424 | +€241,333 | +34.9% |
| Trade receivables | 40 | €0 | €910,427 | +€910,427 | |
| Other amounts receivable | 41 | €692,092 | €22,998 | -€669,094 | -96.7% |
| Cash at bank and in hand | 54/58 | €14,847 | €7,702 | -€7,145 | -48.1% |
| Deferred charges and accrued income | 490/1 | - | €636 | +€636 | |
| Total equity and liabilities | 10/49 | €758,204 | €9,264,528 | +€8.5m | +1,122% |
| Equity | 10/15 | €758,204 | €1,304,419 | +€546,215 | +72.0% |
| Contributions | 10/11 | €250,000 | €2,000,000 | +€1.8m | +700% |
| Reserves | 13 | €508,204 | €0 | -€508,204 | -100% |
| Distributable reserves | 133 | €508,204 | €0 | -€508,204 | -100% |
| Profit (loss) carried forward | 14 | - | -€695,581 | -€695,581 | |
| Amounts payable | 17/49 | €0 | €7,960,109 | +€8.0m | |
| Amounts payable after more than one year | 17 | - | €5,294,670 | +€5.3m | |
| Financial debts | 170/4 | - | €5,294,670 | +€5.3m | |
| Amounts payable within one year | 42/48 | €0 | €2,655,371 | +€2.7m | |
| Current portion of amounts payable after more than one year | 42 | - | €979,330 | +€979,330 | |
| Financial debts | 43 | - | €36,912 | +€36,912 | |
| Credit institutions | 430/8 | - | €36,912 | +€36,912 | |
| Trade debts | 44 | - | €1,276,549 | +€1.3m | |
| Suppliers | 440/4 | - | €1,276,549 | +€1.3m | |
| Taxes, remuneration and social security | 45 | €0 | €362,580 | +€362,580 | |
| Taxes | 450/3 | €0 | €1,006 | +€1,006 | |
| Remuneration and social security | 454/9 | - | €361,574 | +€361,574 | |
| Accrued charges and deferred income | 492/3 | - | €10,068 | +€10,068 | |
| Turnover | 70 | €0 | €5,039,902 | +€5.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,717 | €3,805,393 | +€3.8m | +102,274% |
| Remuneration, social security and pensions | 62 | - | €2,676,149 | +€2.7m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €480,761 | +€480,761 | |
| Other operating charges | 640/8 | €603 | €69,535 | +€68,932 | +11,435% |
| Gross operating margin | 9900 | -€3,650 | €2,173,586 | +€2.2m | |
| Operating profit (loss) | 9901 | -€4,253 | -€1,052,859 | -€1.0m | -24,658% |
| Financial income | 75/76B | €33,729 | €47,976 | +€14,247 | +42.2% |
| Recurring financial income | 75 | €33,729 | €47,976 | +€14,247 | +42.2% |
| Financial charges | 65/66B | €426 | €197,895 | +€197,469 | +46,401% |
| Recurring financial charges | 65 | €426 | €197,895 | +€197,469 | +46,401% |
| Profit (loss) for the period before taxes | 9903 | €29,051 | -€1,202,779 | -€1.2m | |
| Income taxes | 67/77 | €7,263 | €1,006 | -€6,256 | -86.1% |
| Profit (loss) for the period | 9904 | €21,788 | -€1,203,785 | -€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €21,788 | -€1,203,785 | -€1.2m |
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 21 October 2026 via checked.be.