MENAR TRADING: 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.
MENAR TRADING
Largest movements
- Receivables within one year +€29,975
up €29,975 (+279%), from €10,742 to €40,717
of which Other amounts receivable: +€17,303
- Tangible fixed assets -€10,860
down €10,860 (-85.3%), from €12,731 to €1,871
of which Furniture and vehicles: -€9,876
- Cash +€3,459
up €3,459 (+147%), from €2,351 to €5,811
mainly Other debts (+€20,811) and Investment in fixed assets (net) (+€9,876)
- Other debts +€20,811
up €20,811 (+44.8%), from €46,498 to €67,308
- Profit (loss) carried forward +€3,881
up €3,881 (+9.8%), from -€39,803 to -€35,922
- Trade debts -€2,272
no longer reported in 2025 (was €2,272)
- Gross operating margin +€37,339
up €37,339, from -€31,826 to €5,513
- Depreciation -€8,156
down €8,156 (-89.2%), from €9,140 to €984
- Other operating charges -€5,111
down €5,111 (-93.7%), from €5,455 to €343
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 | €28,203 | €50,777 | +€22,574 | +80.0% |
| Fixed assets | 21/28 | €14,731 | €3,871 | -€10,860 | -73.7% |
| Tangible fixed assets | 22/27 | €12,731 | €1,871 | -€10,860 | -85.3% |
| Land and buildings | 22 | €1,920 | €1,319 | -€601 | -31.3% |
| Plant, machinery and equipment | 23 | €935 | €552 | -€383 | -40.9% |
| Furniture and vehicles | 24 | €9,876 | - | -€9,876 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €13,471 | €46,905 | +€33,434 | +248% |
| Amounts receivable within one year | 40/41 | €10,742 | €40,717 | +€29,975 | +279% |
| Trade receivables | 40 | €9,183 | €21,854 | +€12,672 | +138% |
| Other amounts receivable | 41 | €1,560 | €18,863 | +€17,303 | +1,109% |
| Cash at bank and in hand | 54/58 | €2,351 | €5,811 | +€3,459 | +147% |
| Deferred charges and accrued income | 490/1 | €378 | €378 | = | 0.0% |
| Total equity and liabilities | 10/49 | €28,203 | €50,777 | +€22,574 | +80.0% |
| Equity | 10/15 | -€21,203 | -€17,322 | +€3,881 | +18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,803 | -€35,922 | +€3,881 | +9.8% |
| Amounts payable | 17/49 | €49,406 | €68,098 | +€18,693 | +37.8% |
| Amounts payable within one year | 42/48 | €49,406 | €68,098 | +€18,693 | +37.8% |
| Financial debts | 43 | €16 | €16 | = | 0.0% |
| Credit institutions | 430/8 | €16 | €16 | = | 0.0% |
| Trade debts | 44 | €2,272 | - | -€2,272 | |
| Suppliers | 440/4 | €2,272 | - | -€2,272 | |
| Taxes, remuneration and social security | 45 | €620 | €774 | +€154 | +24.8% |
| Taxes | 450/3 | €620 | €774 | +€154 | +24.8% |
| Other amounts payable | 47/48 | €46,498 | €67,308 | +€20,811 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,140 | €984 | -€8,156 | -89.2% |
| Other operating charges | 640/8 | €5,455 | €343 | -€5,111 | -93.7% |
| Gross operating margin | 9900 | -€31,826 | €5,513 | +€37,339 | |
| Operating profit (loss) | 9901 | -€46,421 | €4,186 | +€50,607 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €168 | €151 | -€17 | -10.1% |
| Recurring financial charges | 65 | €168 | €151 | -€17 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,588 | €4,035 | +€50,624 | |
| Income taxes | 67/77 | €314 | €154 | -€160 | -51.0% |
| Profit (loss) for the period | 9904 | -€46,903 | €3,881 | +€50,784 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,903 | €3,881 | +€50,784 |
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 15 October 2026 via checked.be.