MENA: 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.
MENA
Largest movements
- Cash +€76,999
up €76,999 (+1654.9%), from €4,653 to €81,652
mainly Tax, wage and social debts (+€58,963) and Receivables within one year (+€36,756)
- Receivables within one year -€36,756
down €36,756 (-79.9%), from €46,020 to €9,264
of which Trade receivables: -€38,515
- Tangible fixed assets -€15,572
down €15,572 (-57.5%), from €27,097 to €11,525
of which Furniture and vehicles: -€9,333
- Deferred charges and accrued income +€7,371
new in 2024: €7,371
- Intangible fixed assets -€2,400
no longer reported in 2024 (was €2,400)
- Tax, wage and social debts +€58,963
up €58,963 (+130.1%), from €45,322 to €104,284
of which Taxes: +€30,508
- Debts after one year -€13,840
down €13,840 (-50.8%), from €27,266 to €13,426
- Trade debts -€8,924
down €8,924 (-54.0%), from €16,525 to €7,601
- Other debts -€7,662
no longer reported in 2024 (was €7,662)
- Gross operating margin +€32,621
up €32,621 (+31.4%), from €103,884 to €136,506
- Staff costs +€31,411
up €31,411 (+41.8%), from €75,162 to €106,573
- Financial income -€4,592
down €4,592 (-98.1%), from €4,679 to €88
- Financial charges +€4,326
up €4,326 (+280.4%), from €1,543 to €5,869
- Other operating charges -€1,939
down €1,939 (-94.4%), from €2,055 to €116
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,827 | €179,470 | +€29,643 | +19.8% |
| Fixed assets | 21/28 | €29,497 | €11,525 | -€17,972 | -60.9% |
| Intangible fixed assets | 21 | €2,400 | - | -€2,400 | |
| Tangible fixed assets | 22/27 | €27,097 | €11,525 | -€15,572 | -57.5% |
| Plant, machinery and equipment | 23 | €11,492 | €6,397 | -€5,095 | -44.3% |
| Furniture and vehicles | 24 | €13,118 | €3,784 | -€9,333 | -71.2% |
| Other tangible fixed assets | 26 | €2,486 | €1,343 | -€1,143 | -46.0% |
| Current assets | 29/58 | €120,331 | €167,945 | +€47,614 | +39.6% |
| Amounts receivable after more than one year | 29 | €69,658 | €69,658 | = | 0.0% |
| Trade receivables | 290 | €69,658 | - | -€69,658 | |
| Other amounts receivable | 291 | - | €69,658 | +€69,658 | |
| Amounts receivable within one year | 40/41 | €46,020 | €9,264 | -€36,756 | -79.9% |
| Trade receivables | 40 | €38,515 | - | -€38,515 | |
| Other amounts receivable | 41 | €7,505 | €9,264 | +€1,759 | +23.4% |
| Cash at bank and in hand | 54/58 | €4,653 | €81,652 | +€76,999 | +1654.9% |
| Deferred charges and accrued income | 490/1 | - | €7,371 | +€7,371 | |
| Total equity and liabilities | 10/49 | €149,827 | €179,470 | +€29,643 | +19.8% |
| Equity | 10/15 | €39,200 | €39,050 | -€150 | -0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Profit (loss) carried forward | 14 | €26,800 | €26,650 | -€150 | -0.6% |
| Amounts payable | 17/49 | €110,627 | €140,419 | +€29,793 | +26.9% |
| Amounts payable after more than one year | 17 | €27,266 | €13,426 | -€13,840 | -50.8% |
| Financial debts | 170/4 | €27,266 | €13,426 | -€13,840 | -50.8% |
| Amounts payable within one year | 42/48 | €83,361 | €126,994 | +€43,633 | +52.3% |
| Current portion of amounts payable after more than one year | 42 | €13,852 | €15,108 | +€1,256 | +9.1% |
| Trade debts | 44 | €16,525 | €7,601 | -€8,924 | -54.0% |
| Suppliers | 440/4 | €16,525 | €7,601 | -€8,924 | -54.0% |
| Taxes, remuneration and social security | 45 | €45,322 | €104,284 | +€58,963 | +130.1% |
| Taxes | 450/3 | €39,325 | €69,833 | +€30,508 | +77.6% |
| Remuneration and social security | 454/9 | €5,997 | €34,451 | +€28,454 | +474.5% |
| Other amounts payable | 47/48 | €7,662 | - | -€7,662 | |
| Remuneration, social security and pensions | 62 | €75,162 | €106,573 | +€31,411 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,984 | €20,820 | -€1,164 | -5.3% |
| Other operating charges | 640/8 | €2,055 | €116 | -€1,939 | -94.4% |
| Gross operating margin | 9900 | €103,884 | €136,506 | +€32,621 | +31.4% |
| Operating profit (loss) | 9901 | €4,683 | €8,996 | +€4,313 | +92.1% |
| Financial income | 75/76B | €4,679 | €88 | -€4,592 | -98.1% |
| Recurring financial income | 75 | €4,679 | €88 | -€4,592 | -98.1% |
| Financial charges | 65/66B | €1,543 | €5,869 | +€4,326 | +280.4% |
| Recurring financial charges | 65 | €1,543 | €5,869 | +€4,326 | +280.4% |
| Profit (loss) for the period before taxes | 9903 | €7,820 | €3,215 | -€4,605 | -58.9% |
| Income taxes | 67/77 | €4,388 | €3,365 | -€1,022 | -23.3% |
| Profit (loss) for the period | 9904 | €3,432 | -€150 | -€3,582 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,432 | -€150 | -€3,582 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.