MENIK: 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.
MENIK
Largest movements
- Tangible fixed assets -€8,443
down €8,443 (-6.7%), from €125,467 to €117,024
of which Land and buildings: -€6,875
- Deferred charges and accrued income -€4,341
down €4,341 (-77.2%), from €5,622 to €1,280
- Cash -€2,983
down €2,983 (-18.6%), from €16,002 to €13,019
mainly Contributions, distributions and other (-€19,200) and Debts after one year (-€10,087)
- Debts after one year -€10,087
down €10,087 (-11.2%), from €90,152 to €80,065
- Other debts -€5,770
down €5,770 (-14.1%), from €41,040 to €35,270
- Reserves +€2,377
up €2,377 (+8246.5%), from €29 to €2,405
- Tax, wage and social debts -€2,230
down €2,230 (-47.6%), from €4,680 to €2,450
- Gross operating margin -€5,146
down €5,146 (-11.1%), from €46,324 to €41,178
- Taxes -€1,102
down €1,102 (-11.6%), from €9,535 to €8,433
- Depreciation +€782
up €782 (+10.2%), from €7,661 to €8,443
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.
Cash bridge derived
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 | €147,227 | €131,677 | -€15,550 | -10.6% |
| Fixed assets | 21/28 | €125,467 | €117,024 | -€8,443 | -6.7% |
| Tangible fixed assets | 22/27 | €125,467 | €117,024 | -€8,443 | -6.7% |
| Land and buildings | 22 | €119,060 | €112,185 | -€6,875 | -5.8% |
| Furniture and vehicles | 24 | €1,040 | €703 | -€337 | -32.4% |
| Other tangible fixed assets | 26 | €5,367 | €4,136 | -€1,231 | -22.9% |
| Current assets | 29/58 | €21,760 | €14,653 | -€7,107 | -32.7% |
| Amounts receivable within one year | 40/41 | €137 | €354 | +€218 | +159.4% |
| Trade receivables | 40 | €137 | €354 | +€218 | +159.4% |
| Cash at bank and in hand | 54/58 | €16,002 | €13,019 | -€2,983 | -18.6% |
| Deferred charges and accrued income | 490/1 | €5,622 | €1,280 | -€4,341 | -77.2% |
| Total equity and liabilities | 10/49 | €147,227 | €131,677 | -€15,550 | -10.6% |
| Equity | 10/15 | €1,429 | €3,805 | +€2,377 | +166.3% |
| Contributions | 10/11 | €1,400 | €1,400 | = | 0.0% |
| Reserves | 13 | €29 | €2,405 | +€2,377 | +8246.5% |
| Distributable reserves | 133 | €29 | €2,405 | +€2,377 | +8246.5% |
| Amounts payable | 17/49 | €145,798 | €127,872 | -€17,926 | -12.3% |
| Amounts payable after more than one year | 17 | €90,152 | €80,065 | -€10,087 | -11.2% |
| Financial debts | 170/4 | €90,152 | €80,065 | -€10,087 | -11.2% |
| Amounts payable within one year | 42/48 | €55,646 | €47,807 | -€7,839 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €9,927 | €10,087 | +€160 | +1.6% |
| Taxes, remuneration and social security | 45 | €4,680 | €2,450 | -€2,230 | -47.6% |
| Taxes | 450/3 | €4,680 | €2,450 | -€2,230 | -47.6% |
| Other amounts payable | 47/48 | €41,040 | €35,270 | -€5,770 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,661 | €8,443 | +€782 | +10.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €46,324 | €41,178 | -€5,146 | -11.1% |
| Operating profit (loss) | 9901 | €38,276 | €32,335 | -€5,940 | -15.5% |
| Financial charges | 65/66B | €2,479 | €2,326 | -€153 | -6.2% |
| Recurring financial charges | 65 | €2,479 | €2,326 | -€153 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €35,796 | €30,009 | -€5,787 | -16.2% |
| Income taxes | 67/77 | €9,535 | €8,433 | -€1,102 | -11.6% |
| Profit (loss) for the period | 9904 | €26,261 | €21,577 | -€4,685 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,261 | €21,577 | -€4,685 | -17.8% |
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 10 October 2026 via checked.be.