MENIER CONSULT: 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.
MENIER CONSULT
Largest movements
- Receivables within one year +€45,408
up €45,408 (+52.2%), from €87,038 to €132,446
of which Other amounts receivable: +€25,652
- Cash -€21,811
down €21,811 (-31.0%), from €70,271 to €48,460
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€45,408)
- Tangible fixed assets -€7,480
down €7,480 (-74.9%), from €9,992 to €2,512
of which Furniture and vehicles: -€7,197
- Other debts +€47,629
up €47,629 (+89.6%), from €53,128 to €100,757
- Profit (loss) carried forward -€40,105
down €40,105 (-13.9%), from €288,505 to €248,400
- Trade debts +€7,750
up €7,750 (+668%), from €1,159 to €8,909
- Gross operating margin -€64,869
down €64,869 (-42.2%), from €153,571 to €88,701
- Taxes -€13,763
down €13,763 (-39.8%), from €34,539 to €20,776
- Depreciation -€8,218
down €8,218 (-52.3%), from €15,698 to €7,480
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 | €397,831 | €413,104 | +€15,273 | +3.8% |
| Fixed assets | 21/28 | €238,530 | €231,049 | -€7,480 | -3.1% |
| Tangible fixed assets | 22/27 | €9,992 | €2,512 | -€7,480 | -74.9% |
| Plant, machinery and equipment | 23 | €1,631 | €1,348 | -€283 | -17.4% |
| Furniture and vehicles | 24 | €8,361 | €1,164 | -€7,197 | -86.1% |
| Financial fixed assets | 28 | €228,538 | €228,538 | = | 0.0% |
| Current assets | 29/58 | €159,301 | €182,055 | +€22,754 | +14.3% |
| Amounts receivable within one year | 40/41 | €87,038 | €132,446 | +€45,408 | +52.2% |
| Trade receivables | 40 | €86,773 | €106,529 | +€19,756 | +22.8% |
| Other amounts receivable | 41 | €265 | €25,917 | +€25,652 | +9,684% |
| Cash at bank and in hand | 54/58 | €70,271 | €48,460 | -€21,811 | -31.0% |
| Deferred charges and accrued income | 490/1 | €1,992 | €1,148 | -€843 | -42.3% |
| Total equity and liabilities | 10/49 | €397,831 | €413,104 | +€15,273 | +3.8% |
| Equity | 10/15 | €343,505 | €303,400 | -€40,105 | -11.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €288,505 | €248,400 | -€40,105 | -13.9% |
| Amounts payable | 17/49 | €54,326 | €109,704 | +€55,378 | +102% |
| Amounts payable within one year | 42/48 | €54,326 | €109,704 | +€55,378 | +102% |
| Trade debts | 44 | €1,159 | €8,909 | +€7,750 | +668% |
| Suppliers | 440/4 | €1,159 | €8,909 | +€7,750 | +668% |
| Taxes, remuneration and social security | 45 | €39 | €39 | = | 0.0% |
| Taxes | 450/3 | €39 | €39 | = | 0.0% |
| Other amounts payable | 47/48 | €53,128 | €100,757 | +€47,629 | +89.6% |
| Non-recurring operating income | 76A | - | €20,388 | +€20,388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,698 | €7,480 | -€8,218 | -52.3% |
| Other operating charges | 640/8 | €567 | €599 | +€31 | +5.5% |
| Non-recurring operating charges | 66A | €2,652 | - | -€2,652 | |
| Gross operating margin | 9900 | €153,571 | €88,701 | -€64,869 | -42.2% |
| Operating profit (loss) | 9901 | €134,653 | €80,622 | -€54,031 | -40.1% |
| Financial income | 75/76B | €29 | €292 | +€263 | +909% |
| Recurring financial income | 75 | €29 | €292 | +€263 | +909% |
| Financial charges | 65/66B | €211 | €244 | +€33 | +15.4% |
| Recurring financial charges | 65 | €211 | €244 | +€33 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €134,471 | €80,671 | -€53,800 | -40.0% |
| Income taxes | 67/77 | €34,539 | €20,776 | -€13,763 | -39.8% |
| Profit (loss) for the period | 9904 | €99,932 | €59,895 | -€40,037 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €99,932 | €59,895 | -€40,037 | -40.1% |
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 13 October 2026 via checked.be.