MENCO TOOLING: what changed
What changed
MENCO TOOLING
NACE 25.530, Machining of metals
filed annual accounts (NBB)
Net result for the year
€84,175
2024 · €174,156-€89,980
Equity
€675,547
2024 · €591,371+€84,175
Cash
€226,870
2024 · €370,765-€143,896
Balance sheet total
€1.7m
2024 · €1.4m+€340,746
Largest movements
Assets
- Tangible fixed assets +€353,157
up €353,157 (+53.8%), from €656,667 to €1.0m
of which Leasing and similar rights: +€299,906
- Cash -€143,896
down €143,896 (-38.8%), from €370,765 to €226,870
mainly Investment in fixed assets (net) (-€562,048) and Receivables within one year (-€97,982)
- Receivables within one year +€97,982
up €97,982 (+41.3%), from €237,187 to €335,169
of which Trade receivables: +€84,088
- Stocks and contracts +€18,398
up €18,398 (+26.1%), from €70,624 to €89,022
Equity and liabilities
- Debts after one year +€199,230
up €199,230 (+44.1%), from €451,731 to €650,961
- Reserves +€84,175
up €84,175 (+15.3%), from €551,371 to €635,547
of which Distributable reserves: +€84,175
- Current portion of long-term debt +€46,419
up €46,419 (+35.3%), from €131,622 to €178,041
Income statement
- Staff costs +€39,265
up €39,265 (+11.0%), from €355,609 to €394,874
- Gross operating margin +€27,095
up €27,095 (+3.5%), from €779,150 to €806,245
- Write-downs +€17,420
new in 2025: €17,420
- Financial charges +€15,544
up €15,544 (+83.7%), from €18,566 to €34,110
- Taxes -€10,672
down €10,672 (-96.3%), from €11,085 to €412
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.
Result 2024
€174,156
Gross operating margin
+€27,095
Staff costs
-€39,265
Depreciation
+€7,170
Write-downs
-€17,420
Other operating charges
-€667
Other operating items
-€62,064
Financial income
+€43
Financial charges
-€15,544
Taxes
+€10,672
Result 2025
€84,175
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€172,503
Investment
-€562,048
Financing
+€245,649
Cash 2024
€370,765
From operations (derived)
+€172,503
Net result for the year
+€84,175
Depreciation
+€204,541
Stocks and contracts
-€18,398
Receivables within one year
-€97,982
Deferred charges and accrued income
-€10,756
Trade debts
+€10,908
Tax, wage and social debts
+€4,065
Other debts
-€4,152
Accrued charges and deferred income
+€100
Investment (derived)
-€562,048
Investment in fixed assets (net)
-€562,048
Financing
+€245,649
Debts after one year
+€199,230
Current portion of long-term debt
+€46,419
Cash 2025
€226,870
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,405,188 | €1,745,935 | +€340,746 | +24.2% |
| Fixed assets | 21/28 | €701,120 | €1,058,626 | +€357,506 | +51.0% |
| Intangible fixed assets | 21 | €44,239 | €48,338 | +€4,099 | +9.3% |
| Tangible fixed assets | 22/27 | €656,667 | €1,009,825 | +€353,157 | +53.8% |
| Plant, machinery and equipment | 23 | €108,068 | €152,623 | +€44,555 | +41.2% |
| Furniture and vehicles | 24 | €18,376 | €29,793 | +€11,417 | +62.1% |
| Leasing and similar rights | 25 | €459,012 | €758,918 | +€299,906 | +65.3% |
| Other tangible fixed assets | 26 | €71,212 | €68,491 | -€2,721 | -3.8% |
| Financial fixed assets | 28 | €214 | €464 | +€250 | +117% |
| Current assets | 29/58 | €704,069 | €687,309 | -€16,760 | -2.4% |
| Stocks and contracts in progress | 3 | €70,624 | €89,022 | +€18,398 | +26.1% |
| Stocks | 30/36 | €70,624 | €89,022 | +€18,398 | +26.1% |
| Amounts receivable within one year | 40/41 | €237,187 | €335,169 | +€97,982 | +41.3% |
| Trade receivables | 40 | €199,931 | €284,019 | +€84,088 | +42.1% |
| Other amounts receivable | 41 | €37,256 | €51,150 | +€13,894 | +37.3% |
| Cash at bank and in hand | 54/58 | €370,765 | €226,870 | -€143,896 | -38.8% |
| Deferred charges and accrued income | 490/1 | €25,492 | €36,248 | +€10,756 | +42.2% |
| Total equity and liabilities | 10/49 | €1,405,188 | €1,745,935 | +€340,746 | +24.2% |
| Equity | 10/15 | €591,371 | €675,547 | +€84,175 | +14.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €551,371 | €635,547 | +€84,175 | +15.3% |
| Tax-exempt reserves | 132 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €533,871 | €618,047 | +€84,175 | +15.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €813,817 | €1,070,388 | +€256,571 | +31.5% |
| Amounts payable after more than one year | 17 | €451,731 | €650,961 | +€199,230 | +44.1% |
| Financial debts | 170/4 | €451,731 | €650,961 | +€199,230 | +44.1% |
| Amounts payable within one year | 42/48 | €358,086 | €415,327 | +€57,241 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €131,622 | €178,041 | +€46,419 | +35.3% |
| Trade debts | 44 | €88,389 | €99,297 | +€10,908 | +12.3% |
| Suppliers | 440/4 | €88,389 | €99,297 | +€10,908 | +12.3% |
| Taxes, remuneration and social security | 45 | €25,123 | €29,188 | +€4,065 | +16.2% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €25,123 | €29,188 | +€4,065 | +16.2% |
| Other amounts payable | 47/48 | €112,952 | €108,801 | -€4,152 | -3.7% |
| Accrued charges and deferred income | 492/3 | €4,000 | €4,100 | +€100 | +2.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €355,609 | €394,874 | +€39,265 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,711 | €204,541 | -€7,170 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,420 | +€17,420 | |
| Other operating charges | 640/8 | €8,054 | €8,721 | +€667 | +8.3% |
| Non-recurring operating charges | 66A | €272 | €62,336 | +€62,064 | +22,797% |
| Gross operating margin | 9900 | €779,150 | €806,245 | +€27,095 | +3.5% |
| Operating profit (loss) | 9901 | €203,503 | €118,352 | -€85,151 | -41.8% |
| Financial income | 75/76B | €303 | €345 | +€43 | +14.0% |
| Recurring financial income | 75 | €303 | €345 | +€43 | +14.0% |
| Financial charges | 65/66B | €18,566 | €34,110 | +€15,544 | +83.7% |
| Recurring financial charges | 65 | €18,566 | €34,110 | +€15,544 | +83.7% |
| Profit (loss) for the period before taxes | 9903 | €185,240 | €84,588 | -€100,652 | -54.3% |
| Income taxes | 67/77 | €11,085 | €412 | -€10,672 | -96.3% |
| Profit (loss) for the period | 9904 | €174,156 | €84,175 | -€89,980 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €174,156 | €84,175 | -€89,980 | -51.7% |
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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 4 November 2026 via checked.be.