MENINA: 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.
MENINA
Largest movements
- Receivables within one year -€37,769
down €37,769 (-6.5%), from €581,344 to €543,575
of which Trade receivables: -€37,815
- Stocks and contracts +€12,900
up €12,900 (+10.1%), from €128,302 to €141,202
- Cash -€7,710
down €7,710 (-51.8%), from €14,885 to €7,174
mainly Trade debts (-€53,693) and Net result for the year (-€17,766)
- Trade debts -€53,693
down €53,693 (-75.4%), from €71,205 to €17,512
- Tax, wage and social debts +€24,866
up €24,866 (+12.2%), from €204,387 to €229,253
of which Taxes: +€21,929
- Profit (loss) carried forward -€17,766
down €17,766 (-34.0%), from €52,194 to €34,427
- Current portion of long-term debt +€8,018
new in 2023: €8,018
- Gross operating margin +€51,776
up €51,776 (+76.9%), from €67,358 to €119,134
- Other operating charges -€2,265
down €2,265 (-24.6%), from €9,196 to €6,931
- Staff costs -€1,508
down €1,508 (-1.2%), from €121,295 to €119,787
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €743,449 | €706,149 | -€37,300 | -5.0% |
| Fixed assets | 21/28 | €18,604 | €13,869 | -€4,735 | -25.5% |
| Tangible fixed assets | 22/27 | €15,466 | €10,731 | -€4,735 | -30.6% |
| Plant, machinery and equipment | 23 | €1,313 | €818 | -€495 | -37.7% |
| Furniture and vehicles | 24 | €9,154 | €5,956 | -€3,198 | -34.9% |
| Other tangible fixed assets | 26 | €4,999 | €3,957 | -€1,042 | -20.8% |
| Financial fixed assets | 28 | €3,138 | €3,138 | = | 0.0% |
| Current assets | 29/58 | €724,845 | €692,280 | -€32,565 | -4.5% |
| Stocks and contracts in progress | 3 | €128,302 | €141,202 | +€12,900 | +10.1% |
| Stocks | 30/36 | €128,302 | €141,202 | +€12,900 | +10.1% |
| Amounts receivable within one year | 40/41 | €581,344 | €543,575 | -€37,769 | -6.5% |
| Trade receivables | 40 | €578,880 | €541,065 | -€37,815 | -6.5% |
| Other amounts receivable | 41 | €2,464 | €2,510 | +€46 | +1.9% |
| Cash at bank and in hand | 54/58 | €14,885 | €7,174 | -€7,710 | -51.8% |
| Deferred charges and accrued income | 490/1 | €314 | €328 | +€14 | +4.3% |
| Total equity and liabilities | 10/49 | €743,449 | €706,149 | -€37,300 | -5.0% |
| Equity | 10/15 | €332,587 | €314,821 | -€17,766 | -5.3% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €82,079 | €82,079 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,831 | €19,831 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €58,747 | €58,747 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,194 | €34,427 | -€17,766 | -34.0% |
| Amounts payable | 17/49 | €410,861 | €391,328 | -€19,534 | -4.8% |
| Amounts payable within one year | 42/48 | €410,861 | €391,328 | -€19,534 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,018 | +€8,018 | |
| Financial debts | 43 | - | €1,103 | +€1,103 | |
| Credit institutions | 430/8 | - | €1,103 | +€1,103 | |
| Trade debts | 44 | €71,205 | €17,512 | -€53,693 | -75.4% |
| Suppliers | 440/4 | €71,205 | €17,512 | -€53,693 | -75.4% |
| Taxes, remuneration and social security | 45 | €204,387 | €229,253 | +€24,866 | +12.2% |
| Taxes | 450/3 | €141,005 | €162,934 | +€21,929 | +15.6% |
| Remuneration and social security | 454/9 | €63,383 | €66,319 | +€2,937 | +4.6% |
| Other amounts payable | 47/48 | €135,269 | €135,442 | +€173 | +0.1% |
| Remuneration, social security and pensions | 62 | €121,295 | €119,787 | -€1,508 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,735 | €4,735 | = | 0.0% |
| Other operating charges | 640/8 | €9,196 | €6,931 | -€2,265 | -24.6% |
| Gross operating margin | 9900 | €67,358 | €119,134 | +€51,776 | +76.9% |
| Operating profit (loss) | 9901 | -€67,868 | -€12,319 | +€55,549 | +81.8% |
| Financial income | 75/76B | €779 | €0 | -€779 | -100.0% |
| Recurring financial income | 75 | €779 | €0 | -€779 | -100.0% |
| Financial charges | 65/66B | €4,122 | €5,198 | +€1,076 | +26.1% |
| Recurring financial charges | 65 | €4,122 | €5,198 | +€1,076 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | -€71,212 | -€17,516 | +€53,695 | +75.4% |
| Income taxes | 67/77 | €631 | €250 | -€381 | -60.4% |
| Profit (loss) for the period | 9904 | -€71,843 | -€17,766 | +€54,076 | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,843 | -€17,766 | +€54,076 | +75.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.