MENEZIG: 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.
MENEZIG
Largest movements
- Cash -€24,996
down €24,996 (-84.3%), from €29,653 to €4,657
mainly Net result for the year (-€31,195) and Trade debts (-€21,451)
- Tangible fixed assets -€22,139
down €22,139 (-10.4%), from €213,707 to €191,568
of which Other tangible fixed assets: -€26,784
- Receivables within one year +€4,387
up €4,387 (+31.3%), from €14,003 to €18,389
of which Trade receivables: +€8,432
- Profit (loss) carried forward -€31,195
down €31,195 (-24.5%), from -€127,114 to -€158,309
- Trade debts -€21,451
no longer reported in 2024 (was €21,451)
- Other debts +€18,303
up €18,303 (+15.7%), from €116,621 to €134,924
- Debts after one year -€8,184
down €8,184 (-5.9%), from €137,779 to €129,595
of which Financial debts: -€8,184
- Other operating charges -€23,612
down €23,612 (-93.8%), from €25,160 to €1,548
- Write-downs +€22,750
no longer reported in 2024 (was -€22,750)
- Gross operating margin +€21,381
up €21,381 (+95.2%), from -€22,451 to -€1,070
- Depreciation -€1,878
down €1,878 (-6.9%), from €27,148 to €25,271
- Staff costs +€320
new in 2024: €320
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 | €261,242 | €218,365 | -€42,877 | -16.4% |
| Fixed assets | 21/28 | €213,707 | €191,568 | -€22,139 | -10.4% |
| Tangible fixed assets | 22/27 | €213,707 | €191,568 | -€22,139 | -10.4% |
| Land and buildings | 22 | €127,750 | €112,945 | -€14,805 | -11.6% |
| Plant, machinery and equipment | 23 | €1,619 | €964 | -€655 | -40.4% |
| Furniture and vehicles | 24 | €1,879 | €21,983 | +€20,104 | +1069.9% |
| Other tangible fixed assets | 26 | €82,459 | €55,675 | -€26,784 | -32.5% |
| Current assets | 29/58 | €47,535 | €26,798 | -€20,738 | -43.6% |
| Stocks and contracts in progress | 3 | €2,295 | €2,295 | = | 0.0% |
| Stocks | 30/36 | €2,295 | €2,295 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,003 | €18,389 | +€4,387 | +31.3% |
| Trade receivables | 40 | €2,691 | €11,124 | +€8,432 | +313.3% |
| Other amounts receivable | 41 | €11,311 | €7,266 | -€4,046 | -35.8% |
| Cash at bank and in hand | 54/58 | €29,653 | €4,657 | -€24,996 | -84.3% |
| Deferred charges and accrued income | 490/1 | €1,585 | €1,456 | -€129 | -8.1% |
| Total equity and liabilities | 10/49 | €261,242 | €218,365 | -€42,877 | -16.4% |
| Equity | 10/15 | -€94,152 | -€125,347 | -€31,195 | -33.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €12,962 | €12,962 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Tax-exempt reserves | 132 | €10,962 | €10,962 | = | 0.0% |
| Distributable reserves | 133 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | -€127,114 | -€158,309 | -€31,195 | -24.5% |
| Provisions and deferred taxes | 16 | €70,617 | €70,617 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €70,617 | €70,617 | = | 0.0% |
| Major repairs and maintenance | 162 | €70,617 | €70,617 | = | 0.0% |
| Amounts payable | 17/49 | €284,778 | €273,095 | -€11,683 | -4.1% |
| Amounts payable after more than one year | 17 | €137,779 | €129,595 | -€8,184 | -5.9% |
| Financial debts | 170/4 | €109,570 | €101,387 | -€8,184 | -7.5% |
| Other amounts payable | 178/9 | €28,208 | €28,208 | = | 0.0% |
| Amounts payable within one year | 42/48 | €146,999 | €143,500 | -€3,499 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €8,003 | €8,184 | +€180 | +2.3% |
| Trade debts | 44 | €21,451 | - | -€21,451 | |
| Suppliers | 440/4 | €21,451 | - | -€21,451 | |
| Taxes, remuneration and social security | 45 | €923 | €392 | -€531 | -57.5% |
| Taxes | 450/3 | €923 | €392 | -€531 | -57.5% |
| Other amounts payable | 47/48 | €116,621 | €134,924 | +€18,303 | +15.7% |
| Non-recurring operating income | 76A | - | €13,716 | +€13,716 | |
| Remuneration, social security and pensions | 62 | - | €320 | +€320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,148 | €25,271 | -€1,878 | -6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€22,750 | - | +€22,750 | |
| Other operating charges | 640/8 | €25,160 | €1,548 | -€23,612 | -93.8% |
| Non-recurring operating charges | 66A | €588 | - | -€588 | |
| Gross operating margin | 9900 | -€22,451 | -€1,070 | +€21,381 | +95.2% |
| Operating profit (loss) | 9901 | -€52,597 | -€28,209 | +€24,389 | +46.4% |
| Financial income | 75/76B | €63 | €0 | -€63 | -99.3% |
| Recurring financial income | 75 | €63 | €0 | -€63 | -99.3% |
| Financial charges | 65/66B | €2,969 | €2,817 | -€152 | -5.1% |
| Recurring financial charges | 65 | €2,969 | €2,817 | -€152 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€55,503 | -€31,025 | +€24,478 | +44.1% |
| Income taxes | 67/77 | €307 | €170 | -€137 | -44.7% |
| Profit (loss) for the period | 9904 | -€55,809 | -€31,195 | +€24,615 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,809 | -€31,195 | +€24,615 | +44.1% |
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 5 October 2026 via checked.be.