MenE: what changed
Two fiscal 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.
MenE
Largest movements
- Receivables within one year -€308,691
down €308,691 (-98.8%), from €312,561 to €3,870
of which Trade receivables: -€307,936
- Stocks and contracts +€44,364
new in 2025: €44,364
- Cash -€31,265
down €31,265 (-94.2%), from €33,188 to €1,922
mainly Advances received (-€284,729) and Stocks and contracts (-€44,364)
- Advances received -€284,729
no longer reported in 2025 (was €284,729)
- Trade debts -€10,045
down €10,045 (-65.7%), from €15,277 to €5,233
- Financial income +€2,711
up €2,711 (+133.5%), from €2,030 to €4,742
of which Non-recurring financial income: +€2,763
- Gross operating margin -€2,528
down €2,528, from €1,095 to -€1,433
- Financial charges +€404
up €404 (+12.9%), from €3,130 to €3,533
- Other operating charges +€230
up €230 (+39.1%), from €587 to €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.
Cash bridge derived
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 | €345,801 | €50,218 | -€295,583 | -85.5% |
| Current assets | 29/58 | €345,801 | €50,218 | -€295,583 | -85.5% |
| Stocks and contracts in progress | 3 | - | €44,364 | +€44,364 | |
| Stocks | 30/36 | - | €44,364 | +€44,364 | |
| Amounts receivable within one year | 40/41 | €312,561 | €3,870 | -€308,691 | -98.8% |
| Trade receivables | 40 | €310,603 | €2,667 | -€307,936 | -99.1% |
| Other amounts receivable | 41 | €1,959 | €1,204 | -€755 | -38.6% |
| Cash at bank and in hand | 54/58 | €33,188 | €1,922 | -€31,265 | -94.2% |
| Deferred charges and accrued income | 490/1 | €52 | €61 | +€9 | +17.1% |
| Total equity and liabilities | 10/49 | €345,801 | €50,218 | -€295,583 | -85.5% |
| Equity | 10/15 | €45,795 | €44,753 | -€1,042 | -2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,020 | €38,020 | = | 0.0% |
| Distributable reserves | 133 | €38,020 | €38,020 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,574 | €533 | -€1,042 | -66.2% |
| Amounts payable | 17/49 | €300,007 | €5,465 | -€294,541 | -98.2% |
| Amounts payable within one year | 42/48 | €300,007 | €5,440 | -€294,567 | -98.2% |
| Trade debts | 44 | €15,277 | €5,233 | -€10,045 | -65.7% |
| Suppliers | 440/4 | €15,277 | €5,233 | -€10,045 | -65.7% |
| Advances received on contracts in progress | 46 | €284,729 | - | -€284,729 | |
| Other amounts payable | 47/48 | - | €207 | +€207 | |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Other operating charges | 640/8 | €587 | €817 | +€230 | +39.1% |
| Gross operating margin | 9900 | €1,095 | -€1,433 | -€2,528 | |
| Operating profit (loss) | 9901 | €508 | -€2,250 | -€2,758 | |
| Financial income | 75/76B | €2,030 | €4,742 | +€2,711 | +133.5% |
| Recurring financial income | 75 | €52 | €0 | -€52 | -99.7% |
| Non-recurring financial income | 76B | €1,978 | €4,741 | +€2,763 | +139.7% |
| Financial charges | 65/66B | €3,130 | €3,533 | +€404 | +12.9% |
| Recurring financial charges | 65 | €3,130 | €3,533 | +€404 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | -€591 | -€1,042 | -€450 | -76.2% |
| Profit (loss) for the period | 9904 | -€591 | -€1,042 | -€450 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€591 | -€1,042 | -€450 | -76.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.