Le Ménobu: 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.
Le Ménobu
Largest movements
- Tangible fixed assets -€28,851
down €28,851 (-14.7%), from €195,791 to €166,941
of which Plant, machinery and equipment: -€15,796
- Deferred charges and accrued income -€20,553
down €20,553 (-94.6%), from €21,737 to €1,184
- Receivables within one year +€4,594
up €4,594 (+41.0%), from €11,209 to €15,803
of which Other amounts receivable: +€10,648
- Cash -€4,379
down €4,379 (-65.2%), from €6,719 to €2,340
mainly Other debts (-€28,711) and Debts after one year (-€18,214)
- Stocks and contracts -€2,990
down €2,990 (-24.1%), from €12,424 to €9,433
- Other debts -€28,711
down €28,711 (-100%), from €28,711 to €0
- Debts after one year -€18,214
down €18,214 (-33.6%), from €54,206 to €35,992
- Trade debts -€9,271
down €9,271 (-50.2%), from €18,464 to €9,192
- Reserves +€5,936
up €5,936 (+5.0%), from €117,700 to €123,636
- Tax, wage and social debts -€2,726
down €2,726 (-38.8%), from €7,026 to €4,299
of which Taxes: -€1,824
- Staff costs +€22,950
up €22,950 (+30.5%), from €75,141 to €98,091
- Gross operating margin +€14,399
up €14,399 (+10.4%), from €138,409 to €152,808
- Depreciation -€4,514
down €4,514 (-10.0%), from €45,131 to €40,617
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 | €247,881 | €195,702 | -€52,179 | -21.0% |
| Fixed assets | 21/28 | €195,792 | €166,941 | -€28,851 | -14.7% |
| Intangible fixed assets | 21 | €1 | €0 | -€0 | -19.2% |
| Tangible fixed assets | 22/27 | €195,791 | €166,941 | -€28,851 | -14.7% |
| Land and buildings | 22 | €8,089 | €5,938 | -€2,150 | -26.6% |
| Plant, machinery and equipment | 23 | €133,464 | €117,668 | -€15,796 | -11.8% |
| Furniture and vehicles | 24 | €54,239 | €43,334 | -€10,904 | -20.1% |
| Current assets | 29/58 | €52,089 | €28,761 | -€23,328 | -44.8% |
| Stocks and contracts in progress | 3 | €12,424 | €9,433 | -€2,990 | -24.1% |
| Stocks | 30/36 | €12,424 | €9,433 | -€2,990 | -24.1% |
| Amounts receivable within one year | 40/41 | €11,209 | €15,803 | +€4,594 | +41.0% |
| Trade receivables | 40 | €11,209 | €5,155 | -€6,054 | -54.0% |
| Other amounts receivable | 41 | - | €10,648 | +€10,648 | |
| Cash at bank and in hand | 54/58 | €6,719 | €2,340 | -€4,379 | -65.2% |
| Deferred charges and accrued income | 490/1 | €21,737 | €1,184 | -€20,553 | -94.6% |
| Total equity and liabilities | 10/49 | €247,881 | €195,702 | -€52,179 | -21.0% |
| Equity | 10/15 | €122,763 | €128,702 | +€5,939 | +4.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €117,700 | €123,636 | +€5,936 | +5.0% |
| Distributable reserves | 133 | €117,700 | €123,636 | +€5,936 | +5.0% |
| Profit (loss) carried forward | 14 | €63 | €65 | +€2 | +3.6% |
| Amounts payable | 17/49 | €125,118 | €67,000 | -€58,117 | -46.5% |
| Amounts payable after more than one year | 17 | €54,206 | €35,992 | -€18,214 | -33.6% |
| Financial debts | 170/4 | €54,206 | €35,992 | -€18,214 | -33.6% |
| Amounts payable within one year | 42/48 | €70,912 | €31,008 | -€39,904 | -56.3% |
| Current portion of amounts payable after more than one year | 42 | €16,711 | €17,517 | +€805 | +4.8% |
| Trade debts | 44 | €18,464 | €9,192 | -€9,271 | -50.2% |
| Suppliers | 440/4 | €18,464 | €9,192 | -€9,271 | -50.2% |
| Taxes, remuneration and social security | 45 | €7,026 | €4,299 | -€2,726 | -38.8% |
| Taxes | 450/3 | €4,431 | €2,606 | -€1,824 | -41.2% |
| Remuneration and social security | 454/9 | €2,595 | €1,693 | -€902 | -34.8% |
| Other amounts payable | 47/48 | €28,711 | €0 | -€28,711 | -100% |
| Remuneration, social security and pensions | 62 | €75,141 | €98,091 | +€22,950 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,131 | €40,617 | -€4,514 | -10.0% |
| Other operating charges | 640/8 | €1,247 | €2,170 | +€922 | +74.0% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Gross operating margin | 9900 | €138,409 | €152,808 | +€14,399 | +10.4% |
| Operating profit (loss) | 9901 | €16,890 | €11,931 | -€4,959 | -29.4% |
| Financial income | 75/76B | €693 | €289 | -€405 | -58.3% |
| Recurring financial income | 75 | €693 | €289 | -€405 | -58.3% |
| Financial charges | 65/66B | €3,331 | €3,329 | -€2 | -0.1% |
| Recurring financial charges | 65 | €3,331 | €3,329 | -€2 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €14,253 | €8,891 | -€5,361 | -37.6% |
| Income taxes | 67/77 | €4,107 | €2,953 | -€1,155 | -28.1% |
| Profit (loss) for the period | 9904 | €10,145 | €5,939 | -€4,207 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,145 | €5,939 | -€4,207 | -41.5% |
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 26 October 2026 via checked.be.