MENES: 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.
MENES
Largest movements
- Tangible fixed assets -€21,389
down €21,389 (-7.9%), from €269,512 to €248,123
- Deferred charges and accrued income +€20,957
up €20,957 (+459.5%), from €4,561 to €25,518
- Receivables within one year +€20,545
up €20,545 (+10.5%), from €196,386 to €216,931
of which Trade receivables: +€16,068
- Debts after one year -€42,083
down €42,083 (-18.5%), from €227,859 to €185,776
- Advances received +€41,240
up €41,240 (+108.2%), from €38,100 to €79,340
- Reserves +€25,730
up €25,730 (+21.5%), from €119,398 to €145,128
of which Distributable reserves: +€25,730
- Tax, wage and social debts -€7,380
down €7,380 (-25.3%), from €29,154 to €21,774
- Gross operating margin +€37,853
up €37,853 (+69.0%), from €54,845 to €92,698
- Taxes +€13,097
up €13,097 (+118.2%), from €11,078 to €24,175
- Financial income -€7,193
down €7,193 (-100.0%), from €7,193 to €0
- Other operating charges +€2,186
up €2,186 (+56.0%), from €3,902 to €6,088
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €481,229 | €500,258 | +€19,029 | +4.0% |
| Fixed assets | 21/28 | €269,512 | €250,183 | -€19,329 | -7.2% |
| Tangible fixed assets | 22/27 | €269,512 | €248,123 | -€21,389 | -7.9% |
| Land and buildings | 22 | €269,512 | €248,123 | -€21,389 | -7.9% |
| Financial fixed assets | 28 | - | €2,060 | +€2,060 | |
| Current assets | 29/58 | €211,717 | €250,075 | +€38,358 | +18.1% |
| Amounts receivable within one year | 40/41 | €196,386 | €216,931 | +€20,545 | +10.5% |
| Trade receivables | 40 | €59,279 | €75,347 | +€16,068 | +27.1% |
| Other amounts receivable | 41 | €137,107 | €141,583 | +€4,476 | +3.3% |
| Cash at bank and in hand | 54/58 | €10,770 | €7,627 | -€3,143 | -29.2% |
| Deferred charges and accrued income | 490/1 | €4,561 | €25,518 | +€20,957 | +459.5% |
| Total equity and liabilities | 10/49 | €481,229 | €500,258 | +€19,029 | +4.0% |
| Equity | 10/15 | €137,998 | €163,728 | +€25,730 | +18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,398 | €145,128 | +€25,730 | +21.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €117,538 | €143,268 | +€25,730 | +21.9% |
| Amounts payable | 17/49 | €343,231 | €336,530 | -€6,701 | -2.0% |
| Amounts payable after more than one year | 17 | €227,859 | €185,776 | -€42,083 | -18.5% |
| Financial debts | 170/4 | €227,859 | €185,776 | -€42,083 | -18.5% |
| Amounts payable within one year | 42/48 | €115,372 | €150,754 | +€35,382 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €40,766 | €43,172 | +€2,406 | +5.9% |
| Trade debts | 44 | €7,352 | €6,469 | -€883 | -12.0% |
| Suppliers | 440/4 | €7,352 | €6,469 | -€883 | -12.0% |
| Advances received on contracts in progress | 46 | €38,100 | €79,340 | +€41,240 | +108.2% |
| Taxes, remuneration and social security | 45 | €29,154 | €21,774 | -€7,380 | -25.3% |
| Taxes | 450/3 | €29,154 | €21,774 | -€7,380 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,906 | €23,112 | +€206 | +0.9% |
| Other operating charges | 640/8 | €3,902 | €6,088 | +€2,186 | +56.0% |
| Non-recurring operating charges | 66A | €3,289 | - | -€3,289 | |
| Gross operating margin | 9900 | €54,845 | €92,698 | +€37,853 | +69.0% |
| Operating profit (loss) | 9901 | €24,748 | €63,498 | +€38,750 | +156.6% |
| Financial income | 75/76B | €7,193 | €0 | -€7,193 | -100.0% |
| Recurring financial income | 75 | €7,193 | €0 | -€7,193 | -100.0% |
| Financial charges | 65/66B | €14,350 | €13,593 | -€757 | -5.3% |
| Recurring financial charges | 65 | €14,350 | €13,593 | -€757 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €17,591 | €49,905 | +€32,314 | +183.7% |
| Income taxes | 67/77 | €11,078 | €24,175 | +€13,097 | +118.2% |
| Profit (loss) for the period | 9904 | €6,513 | €25,730 | +€19,217 | +295.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,513 | €25,730 | +€19,217 | +295.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.