MENA GROUP: 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 GROUP
Largest movements
- Tangible fixed assets -€27,356
down €27,356 (-3.4%), from €800,179 to €772,824
of which Land and buildings: -€20,350
- Cash -€16,368
down €16,368 (-65.8%), from €24,857 to €8,489
mainly Investment in fixed assets (net) (-€75,532) and Net result for the year (-€28,544)
- Profit (loss) carried forward -€28,544
down €28,544 (-4.7%), from €608,852 to €580,308
- Debts after one year -€18,015
down €18,015 (-4.0%), from €448,482 to €430,467
- Trade debts +€16,494
up €16,494 (+14.1%), from €116,833 to €133,327
of which Suppliers: +€12,800
- Turnover -€83,936
down €83,936 (-6.9%), from €1.2m to €1.1m
- Purchases and services -€65,992
down €65,992 (-6.3%), from €1.0m to €983,867
- Depreciation +€45,919
up €45,919 (+80.6%), from €56,968 to €102,887
- Financial income -€29,229
down €29,229 (-100.0%), from €29,237 to €8
of which Non-recurring financial income: -€29,236
- Gross operating margin -€17,944
down €17,944 (-10.9%), from €164,761 to €146,817
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 | €1,301,837 | €1,265,012 | -€36,825 | -2.8% |
| Fixed assets | 21/28 | €800,179 | €772,824 | -€27,356 | -3.4% |
| Tangible fixed assets | 22/27 | €800,179 | €772,824 | -€27,356 | -3.4% |
| Land and buildings | 22 | €305,256 | €284,906 | -€20,350 | -6.7% |
| Plant, machinery and equipment | 23 | €275,148 | €256,682 | -€18,466 | -6.7% |
| Furniture and vehicles | 24 | €13,376 | €11,401 | -€1,975 | -14.8% |
| Leasing and similar rights | 25 | €206,399 | €219,834 | +€13,436 | +6.5% |
| Current assets | 29/58 | €501,658 | €492,188 | -€9,470 | -1.9% |
| Amounts receivable within one year | 40/41 | €476,800 | €483,699 | +€6,898 | +1.4% |
| Trade receivables | 40 | €443,204 | €445,898 | +€2,695 | +0.6% |
| Other amounts receivable | 41 | €33,597 | €37,800 | +€4,204 | +12.5% |
| Cash at bank and in hand | 54/58 | €24,857 | €8,489 | -€16,368 | -65.8% |
| Total equity and liabilities | 10/49 | €1,301,837 | €1,265,012 | -€36,825 | -2.8% |
| Equity | 10/15 | €616,912 | €588,368 | -€28,544 | -4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €6,200 | - | -€6,200 | |
| Uncalled capital | 101 | €0 | - | = | |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Share premium | 1100/10 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €608,852 | €580,308 | -€28,544 | -4.7% |
| Amounts payable | 17/49 | €684,925 | €676,643 | -€8,282 | -1.2% |
| Amounts payable after more than one year | 17 | €448,482 | €430,467 | -€18,015 | -4.0% |
| Financial debts | 170/4 | €448,482 | €430,467 | -€18,015 | -4.0% |
| Amounts payable within one year | 42/48 | €236,443 | €246,177 | +€9,734 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €80,969 | €79,790 | -€1,179 | -1.5% |
| Financial debts | 43 | €1,917 | €2,003 | +€86 | +4.5% |
| Credit institutions | 430/8 | €1,917 | €2,003 | +€86 | +4.5% |
| Trade debts | 44 | €116,833 | €133,327 | +€16,494 | +14.1% |
| Suppliers | 440/4 | €16,135 | €28,935 | +€12,800 | +79.3% |
| Bills of exchange payable | 441 | €100,698 | €104,392 | +€3,694 | +3.7% |
| Taxes, remuneration and social security | 45 | €36,724 | €31,056 | -€5,667 | -15.4% |
| Taxes | 450/3 | - | €26,969 | +€26,969 | |
| Remuneration and social security | 454/9 | €36,724 | €4,087 | -€32,637 | -88.9% |
| Turnover | 70 | €1,214,621 | €1,130,685 | -€83,936 | -6.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,049,860 | €983,867 | -€65,992 | -6.3% |
| Remuneration, social security and pensions | 62 | €138 | €1,311 | +€1,173 | +849% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,968 | €102,887 | +€45,919 | +80.6% |
| Other operating charges | 640/8 | €35,236 | €22,604 | -€12,633 | -35.9% |
| Gross operating margin | 9900 | €164,761 | €146,817 | -€17,944 | -10.9% |
| Operating profit (loss) | 9901 | €72,419 | €20,016 | -€52,403 | -72.4% |
| Financial income | 75/76B | €29,237 | €8 | -€29,229 | -100.0% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +1,033% |
| Non-recurring financial income | 76B | €29,236 | - | -€29,236 | |
| Financial charges | 65/66B | €24,870 | €30,605 | +€5,735 | +23.1% |
| Recurring financial charges | 65 | €24,870 | €30,605 | +€5,735 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €76,785 | -€10,581 | -€87,367 | |
| Income taxes | 67/77 | €13,124 | €17,962 | +€4,838 | +36.9% |
| Profit (loss) for the period | 9904 | €63,661 | -€28,544 | -€92,205 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,661 | -€28,544 | -€92,205 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.