Menara Trade: what changed
Menara Trade
Largest movements
- Receivables after one year +€1,162
up €1,162 (+5.8%), from €20,197 to €21,359
- Tangible fixed assets -€927
down €927 (-32.2%), from €2,874 to €1,947
of which Furniture and vehicles: -€514
- Cash -€819
down €819 (-64.6%), from €1,267 to €448
mainly Tax, wage and social debts (-€3,581) and Net result for the year (-€2,000)
- Receivables within one year +€258
up €258 (+90.0%), from €287 to €546
- Other debts +€3,669
up €3,669 (+183%), from €2,010 to €5,679
- Tax, wage and social debts -€3,581
down €3,581 (-68.2%), from €5,249 to €1,668
- Profit (loss) carried forward -€2,000
new in 2025: -€2,000
- Trade debts +€1,623
up €1,623 (+1,695%), from €96 to €1,719
- Gross operating margin -€8,862
down €8,862, from €7,350 to -€1,511
- Taxes -€1,668
no longer reported in 2025 (was €1,668)
- Financial income +€1,162
new in 2025: €1,162
- Other operating charges +€270
up €270 (+206%), from €131 to €401
- Financial charges +€145
up €145 (+81.4%), from €178 to €323
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,625 | €24,337 | -€289 | -1.2% |
| Fixed assets | 21/28 | €2,874 | €1,947 | -€927 | -32.2% |
| Tangible fixed assets | 22/27 | €2,874 | €1,947 | -€927 | -32.2% |
| Plant, machinery and equipment | 23 | €1,239 | €826 | -€413 | -33.3% |
| Furniture and vehicles | 24 | €1,635 | €1,121 | -€514 | -31.4% |
| Current assets | 29/58 | €21,751 | €22,390 | +€638 | +2.9% |
| Amounts receivable after more than one year | 29 | €20,197 | €21,359 | +€1,162 | +5.8% |
| Other amounts receivable | 291 | €20,197 | €21,359 | +€1,162 | +5.8% |
| Amounts receivable within one year | 40/41 | €287 | €546 | +€258 | +90.0% |
| Other amounts receivable | 41 | €287 | €546 | +€258 | +90.0% |
| Cash at bank and in hand | 54/58 | €1,267 | €448 | -€819 | -64.6% |
| Deferred charges and accrued income | 490/1 | - | €37 | +€37 | |
| Total equity and liabilities | 10/49 | €24,625 | €24,337 | -€289 | -1.2% |
| Equity | 10/15 | €17,271 | €15,271 | -€2,000 | -11.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,271 | €14,271 | = | 0.0% |
| Distributable reserves | 133 | €14,271 | €14,271 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,000 | -€2,000 | |
| Amounts payable | 17/49 | €7,354 | €9,066 | +€1,711 | +23.3% |
| Amounts payable within one year | 42/48 | €7,354 | €9,066 | +€1,711 | +23.3% |
| Trade debts | 44 | €96 | €1,719 | +€1,623 | +1,695% |
| Suppliers | 440/4 | €96 | €1,719 | +€1,623 | +1,695% |
| Taxes, remuneration and social security | 45 | €5,249 | €1,668 | -€3,581 | -68.2% |
| Taxes | 450/3 | €5,249 | €1,668 | -€3,581 | -68.2% |
| Other amounts payable | 47/48 | €2,010 | €5,679 | +€3,669 | +183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €927 | €927 | = | 0.0% |
| Other operating charges | 640/8 | €131 | €401 | +€270 | +206% |
| Gross operating margin | 9900 | €7,350 | -€1,511 | -€8,862 | |
| Operating profit (loss) | 9901 | €6,293 | -€2,839 | -€9,132 | |
| Financial income | 75/76B | - | €1,162 | +€1,162 | |
| Recurring financial income | 75 | - | €1,162 | +€1,162 | |
| Financial charges | 65/66B | €178 | €323 | +€145 | +81.4% |
| Recurring financial charges | 65 | €178 | €323 | +€145 | +81.4% |
| Profit (loss) for the period before taxes | 9903 | €6,114 | -€2,000 | -€8,115 | |
| Income taxes | 67/77 | €1,668 | - | -€1,668 | |
| Profit (loss) for the period | 9904 | €4,447 | -€2,000 | -€6,447 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,447 | -€2,000 | -€6,447 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.