MENIER CHAUFFAGE: what changed
MENIER CHAUFFAGE
Largest movements
- Cash +€76,336
up €76,336 (+37.0%), from €206,526 to €282,862
mainly Net result for the year (+€46,541) and Other debts (+€32,722)
- Stocks and contracts -€28,797
down €28,797 (-51.1%), from €56,390 to €27,594
- Tangible fixed assets +€17,078
up €17,078 (+88.5%), from €19,302 to €36,380
of which Furniture and vehicles: +€10,634
- Receivables within one year -€6,750
down €6,750 (-14.2%), from €47,484 to €40,734
of which Trade receivables: -€19,297
- Other debts +€32,722
up €32,722 (+68.6%), from €47,731 to €80,452
- Tax, wage and social debts +€25,958
up €25,958 (+245%), from €10,609 to €36,567
of which Taxes: +€24,588
- Current portion of long-term debt +€11,549
up €11,549 (+434%), from €2,660 to €14,209
- Trade debts -€6,805
down €6,805 (-22.6%), from €30,078 to €23,273
- Reserves -€4,900
down €4,900 (-3.3%), from €146,889 to €141,989
of which Distributable reserves: -€4,900
- Gross operating margin +€59,131
up €59,131 (+32.7%), from €180,577 to €239,708
- Staff costs +€24,223
up €24,223 (+21.6%), from €112,083 to €136,305
- Other operating charges +€12,981
up €12,981 (+2,902%), from €447 to €13,428
- Taxes +€6,859
up €6,859 (+39.0%), from €17,578 to €24,438
- Depreciation +€3,679
up €3,679 (+30.9%), from €11,887 to €15,565
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,546 | €395,113 | +€59,567 | +17.8% |
| Fixed assets | 21/28 | €19,402 | €36,480 | +€17,078 | +88.0% |
| Tangible fixed assets | 22/27 | €19,302 | €36,380 | +€17,078 | +88.5% |
| Plant, machinery and equipment | 23 | €3,754 | €3,014 | -€740 | -19.7% |
| Furniture and vehicles | 24 | €12,687 | €23,321 | +€10,634 | +83.8% |
| Other tangible fixed assets | 26 | €2,861 | €10,045 | +€7,184 | +251% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €316,144 | €358,634 | +€42,489 | +13.4% |
| Stocks and contracts in progress | 3 | €56,390 | €27,594 | -€28,797 | -51.1% |
| Stocks | 30/36 | €56,390 | €27,594 | -€28,797 | -51.1% |
| Amounts receivable within one year | 40/41 | €47,484 | €40,734 | -€6,750 | -14.2% |
| Trade receivables | 40 | €33,474 | €14,178 | -€19,297 | -57.6% |
| Other amounts receivable | 41 | €14,010 | €26,556 | +€12,547 | +89.6% |
| Cash at bank and in hand | 54/58 | €206,526 | €282,862 | +€76,336 | +37.0% |
| Deferred charges and accrued income | 490/1 | €5,744 | €7,444 | +€1,700 | +29.6% |
| Total equity and liabilities | 10/49 | €335,546 | €395,113 | +€59,567 | +17.8% |
| Equity | 10/15 | €239,889 | €234,989 | -€4,900 | -2.0% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €146,889 | €141,989 | -€4,900 | -3.3% |
| Tax-exempt reserves | 132 | €21,103 | €21,103 | = | 0.0% |
| Distributable reserves | 133 | €125,786 | €120,886 | -€4,900 | -3.9% |
| Amounts payable | 17/49 | €95,658 | €160,125 | +€64,467 | +67.4% |
| Amounts payable within one year | 42/48 | €91,731 | €156,429 | +€64,698 | +70.5% |
| Current portion of amounts payable after more than one year | 42 | €2,660 | €14,209 | +€11,549 | +434% |
| Trade debts | 44 | €30,078 | €23,273 | -€6,805 | -22.6% |
| Suppliers | 440/4 | €30,078 | €23,273 | -€6,805 | -22.6% |
| Advances received on contracts in progress | 46 | €654 | €1,928 | +€1,274 | +195% |
| Taxes, remuneration and social security | 45 | €10,609 | €36,567 | +€25,958 | +245% |
| Taxes | 450/3 | €3,725 | €28,312 | +€24,588 | +660% |
| Remuneration and social security | 454/9 | €6,884 | €8,255 | +€1,371 | +19.9% |
| Other amounts payable | 47/48 | €47,731 | €80,452 | +€32,722 | +68.6% |
| Accrued charges and deferred income | 492/3 | €3,926 | €3,695 | -€231 | -5.9% |
| Remuneration, social security and pensions | 62 | €112,083 | €136,305 | +€24,223 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,887 | €15,565 | +€3,679 | +30.9% |
| Other operating charges | 640/8 | €447 | €13,428 | +€12,981 | +2,902% |
| Gross operating margin | 9900 | €180,577 | €239,708 | +€59,131 | +32.7% |
| Operating profit (loss) | 9901 | €56,160 | €74,409 | +€18,249 | +32.5% |
| Financial income | 75/76B | €1,587 | €2,038 | +€452 | +28.5% |
| Recurring financial income | 75 | €1,587 | €2,038 | +€452 | +28.5% |
| Financial charges | 65/66B | €5,106 | €5,469 | +€363 | +7.1% |
| Recurring financial charges | 65 | €5,106 | €5,469 | +€363 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €52,641 | €70,979 | +€18,338 | +34.8% |
| Income taxes | 67/77 | €17,578 | €24,438 | +€6,859 | +39.0% |
| Profit (loss) for the period | 9904 | €35,063 | €46,541 | +€11,478 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,063 | €46,541 | +€11,478 | +32.7% |
Next steps
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 2 November 2026 via checked.be.