MENELE: 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.
MENELE
Largest movements
- Receivables within one year -€18,486
down €18,486 (-22.8%), from €81,072 to €62,586
of which Trade receivables: -€19,141
- Cash -€8,641
down €8,641 (-50.1%), from €17,233 to €8,592
mainly Other debts (-€25,091) and Trade debts (-€4,347)
- Tangible fixed assets -€8,288
down €8,288 (-36.4%), from €22,782 to €14,494
of which Furniture and vehicles: -€8,615
- Other debts -€25,091
no longer reported in 2025 (was €25,091)
- Trade debts -€4,347
down €4,347 (-26.9%), from €16,131 to €11,784
- Current portion of long-term debt -€4,125
down €4,125 (-66.1%), from €6,237 to €2,112
- Debts after one year -€2,112
no longer reported in 2025 (was €2,112)
- Gross operating margin +€4,390
up €4,390 (+50.1%), from €8,757 to €13,147
- Other operating charges -€618
down €618 (-60.7%), from €1,017 to €400
- Depreciation -€492
down €492 (-3.8%), from €12,874 to €12,382
- Financial charges -€464
down €464 (-64.1%), from €724 to €260
- Financial income -€449
down €449 (-39.0%), from €1,150 to €701
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 | €133,098 | €97,859 | -€35,239 | -26.5% |
| Fixed assets | 21/28 | €22,782 | €14,494 | -€8,288 | -36.4% |
| Tangible fixed assets | 22/27 | €22,782 | €14,494 | -€8,288 | -36.4% |
| Plant, machinery and equipment | 23 | €943 | €1,270 | +€327 | +34.7% |
| Furniture and vehicles | 24 | €21,839 | €13,224 | -€8,615 | -39.4% |
| Current assets | 29/58 | €110,316 | €83,365 | -€26,951 | -24.4% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €81,072 | €62,586 | -€18,486 | -22.8% |
| Trade receivables | 40 | €63,245 | €44,104 | -€19,141 | -30.3% |
| Other amounts receivable | 41 | €17,827 | €18,483 | +€655 | +3.7% |
| Cash at bank and in hand | 54/58 | €17,233 | €8,592 | -€8,641 | -50.1% |
| Deferred charges and accrued income | 490/1 | €2,012 | €2,188 | +€176 | +8.8% |
| Total equity and liabilities | 10/49 | €133,098 | €97,859 | -€35,239 | -26.5% |
| Equity | 10/15 | €83,157 | €83,963 | +€806 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,697 | €63,503 | +€806 | +1.3% |
| Amounts payable | 17/49 | €49,941 | €13,896 | -€36,045 | -72.2% |
| Amounts payable after more than one year | 17 | €2,112 | - | -€2,112 | |
| Financial debts | 170/4 | €2,112 | - | -€2,112 | |
| Amounts payable within one year | 42/48 | €47,829 | €13,896 | -€33,933 | -70.9% |
| Current portion of amounts payable after more than one year | 42 | €6,237 | €2,112 | -€4,125 | -66.1% |
| Trade debts | 44 | €16,131 | €11,784 | -€4,347 | -26.9% |
| Suppliers | 440/4 | €16,131 | €11,784 | -€4,347 | -26.9% |
| Taxes, remuneration and social security | 45 | €369 | - | -€369 | |
| Taxes | 450/3 | €369 | - | -€369 | |
| Other amounts payable | 47/48 | €25,091 | - | -€25,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,874 | €12,382 | -€492 | -3.8% |
| Other operating charges | 640/8 | €1,017 | €400 | -€618 | -60.7% |
| Gross operating margin | 9900 | €8,757 | €13,147 | +€4,390 | +50.1% |
| Operating profit (loss) | 9901 | -€5,134 | €365 | +€5,500 | |
| Financial income | 75/76B | €1,150 | €701 | -€449 | -39.0% |
| Recurring financial income | 75 | €1,150 | €701 | -€449 | -39.0% |
| Financial charges | 65/66B | €724 | €260 | -€464 | -64.1% |
| Recurring financial charges | 65 | €724 | €260 | -€464 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,709 | €806 | +€5,515 | |
| Profit (loss) for the period | 9904 | -€4,709 | €806 | +€5,515 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,709 | €806 | +€5,515 |
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 17 October 2026 via checked.be.