MENCA: 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.
MENCA
Largest movements
- Receivables within one year +€59,338
up €59,338 (+622%), from €9,538 to €68,877
of which Other amounts receivable: +€40,028
- Cash -€4,947
down €4,947 (-54.3%), from €9,115 to €4,168
mainly Receivables within one year (-€59,338) and Contributions, distributions and other (-€6,253)
- Tangible fixed assets -€4,703
down €4,703 (-21.3%), from €22,088 to €17,386
of which Furniture and vehicles: -€4,109
- Tax, wage and social debts +€34,501
up €34,501 (+342%), from €10,080 to €44,580
of which Remuneration and social security: +€22,009
- Trade debts +€8,398
up €8,398 (+480%), from €1,751 to €10,150
- Other debts +€6,798
new in 2025: €6,798
- Debts after one year -€4,246
down €4,246 (-24.6%), from €17,270 to €13,025
of which Financial debts: -€3,701
- Reserves +€3,453
up €3,453 (+58.2%), from €5,929 to €9,382
- Gross operating margin +€115,536
up €115,536 (+235%), from €49,241 to €164,777
- Staff costs +€100,360
up €100,360 (+249%), from €40,241 to €140,600
- Depreciation +€7,177
up €7,177 (+842%), from €853 to €8,030
- Purchases and services +€6,837
up €6,837 (+119%), from €5,746 to €12,584
- Taxes +€1,956
up €1,956 (+108%), from €1,809 to €3,764
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 | €41,398 | €90,635 | +€49,237 | +119% |
| Fixed assets | 21/28 | €22,293 | €17,591 | -€4,703 | -21.1% |
| Tangible fixed assets | 22/27 | €22,088 | €17,386 | -€4,703 | -21.3% |
| Furniture and vehicles | 24 | €19,197 | €15,088 | -€4,109 | -21.4% |
| Other tangible fixed assets | 26 | €2,891 | €2,298 | -€594 | -20.5% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €19,105 | €73,045 | +€53,939 | +282% |
| Amounts receivable within one year | 40/41 | €9,538 | €68,877 | +€59,338 | +622% |
| Trade receivables | 40 | €9,189 | €28,500 | +€19,311 | +210% |
| Other amounts receivable | 41 | €350 | €40,377 | +€40,028 | +11,451% |
| Cash at bank and in hand | 54/58 | €9,115 | €4,168 | -€4,947 | -54.3% |
| Deferred charges and accrued income | 490/1 | €452 | - | -€452 | |
| Total equity and liabilities | 10/49 | €41,398 | €90,635 | +€49,237 | +119% |
| Equity | 10/15 | €8,929 | €12,382 | +€3,453 | +38.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,929 | €9,382 | +€3,453 | +58.2% |
| Distributable reserves | 133 | €5,929 | €9,382 | +€3,453 | +58.2% |
| Amounts payable | 17/49 | €32,469 | €78,253 | +€45,784 | +141% |
| Amounts payable after more than one year | 17 | €17,270 | €13,025 | -€4,246 | -24.6% |
| Financial debts | 170/4 | €16,726 | €13,025 | -€3,701 | -22.1% |
| Other amounts payable | 178/9 | €544 | - | -€544 | |
| Amounts payable within one year | 42/48 | €15,199 | €65,229 | +€50,030 | +329% |
| Current portion of amounts payable after more than one year | 42 | €3,368 | €3,701 | +€333 | +9.9% |
| Trade debts | 44 | €1,751 | €10,150 | +€8,398 | +480% |
| Suppliers | 440/4 | €1,751 | €10,150 | +€8,398 | +480% |
| Taxes, remuneration and social security | 45 | €10,080 | €44,580 | +€34,501 | +342% |
| Taxes | 450/3 | €4,201 | €16,693 | +€12,492 | +297% |
| Remuneration and social security | 454/9 | €5,879 | €27,888 | +€22,009 | +374% |
| Other amounts payable | 47/48 | - | €6,798 | +€6,798 | |
| Non-recurring operating income | 76A | €1,020 | €1 | -€1,019 | -99.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,746 | €12,584 | +€6,837 | +119% |
| Remuneration, social security and pensions | 62 | €40,241 | €140,600 | +€100,360 | +249% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €853 | €8,030 | +€7,177 | +842% |
| Other operating charges | 640/8 | €90 | €452 | +€362 | +400% |
| Non-recurring operating charges | 66A | €1 | €314 | +€313 | +31,342% |
| Gross operating margin | 9900 | €49,241 | €164,777 | +€115,536 | +235% |
| Operating profit (loss) | 9901 | €8,056 | €15,380 | +€7,324 | +90.9% |
| Financial charges | 65/66B | €319 | €1,911 | +€1,592 | +500% |
| Recurring financial charges | 65 | €319 | €1,911 | +€1,592 | +500% |
| Profit (loss) for the period before taxes | 9903 | €7,738 | €13,470 | +€5,732 | +74.1% |
| Income taxes | 67/77 | €1,809 | €3,764 | +€1,956 | +108% |
| Profit (loss) for the period | 9904 | €5,929 | €9,706 | +€3,776 | +63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,929 | €9,706 | +€3,776 | +63.7% |
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 25 October 2026 via checked.be.