MENJO: 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.
MENJO
Largest movements
- Receivables within one year -€39,792
down €39,792 (-65.6%), from €60,626 to €20,834
of which Trade receivables: -€55,803
- Tangible fixed assets -€16,597
down €16,597 (-25.4%), from €65,291 to €48,694
of which Furniture and vehicles: -€10,802
- Stocks and contracts +€14,018
up €14,018 (+246%), from €5,695 to €19,713
of which Contracts in progress: +€15,954
- Cash +€8,272
up €8,272 (+236%), from €3,504 to €11,776
mainly Receivables within one year (+€39,792) and Depreciation (+€23,435)
- Tax, wage and social debts -€12,626
down €12,626 (-49.3%), from €25,627 to €13,002
of which Taxes: -€8,616
- Debts after one year -€11,274
down €11,274 (-67.5%), from €16,701 to €5,427
- Current portion of long-term debt -€8,374
down €8,374 (-42.6%), from €19,648 to €11,274
- Trade debts -€6,510
down €6,510 (-17.8%), from €36,552 to €30,042
- Reserves +€2,815
up €2,815 (+90.6%), from €3,107 to €5,923
- Purchases and services +€42,413
up €42,413 (+21.6%), from €196,740 to €239,153
- Gross operating margin -€25,712
down €25,712 (-18.1%), from €142,357 to €116,645
- Staff costs -€15,410
down €15,410 (-15.5%), from €99,407 to €83,997
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 | €137,885 | €102,450 | -€35,435 | -25.7% |
| Fixed assets | 21/28 | €65,291 | €48,694 | -€16,597 | -25.4% |
| Tangible fixed assets | 22/27 | €65,291 | €48,694 | -€16,597 | -25.4% |
| Land and buildings | 22 | €2,993 | €2,403 | -€590 | -19.7% |
| Plant, machinery and equipment | 23 | €47,410 | €42,205 | -€5,205 | -11.0% |
| Furniture and vehicles | 24 | €14,887 | €4,085 | -€10,802 | -72.6% |
| Current assets | 29/58 | €72,595 | €53,756 | -€18,838 | -25.9% |
| Stocks and contracts in progress | 3 | €5,695 | €19,713 | +€14,018 | +246% |
| Stocks | 30/36 | €5,695 | €3,759 | -€1,936 | -34.0% |
| Contracts in progress | 37 | - | €15,954 | +€15,954 | |
| Amounts receivable within one year | 40/41 | €60,626 | €20,834 | -€39,792 | -65.6% |
| Trade receivables | 40 | €57,658 | €1,855 | -€55,803 | -96.8% |
| Other amounts receivable | 41 | €2,968 | €18,979 | +€16,011 | +540% |
| Cash at bank and in hand | 54/58 | €3,504 | €11,776 | +€8,272 | +236% |
| Deferred charges and accrued income | 490/1 | €2,771 | €1,433 | -€1,338 | -48.3% |
| Total equity and liabilities | 10/49 | €137,885 | €102,450 | -€35,435 | -25.7% |
| Equity | 10/15 | €18,507 | €21,323 | +€2,815 | +15.2% |
| Contributions | 10/11 | €15,400 | €15,400 | = | 0.0% |
| Reserves | 13 | €3,107 | €5,923 | +€2,815 | +90.6% |
| Distributable reserves | 133 | €3,107 | €5,923 | +€2,815 | +90.6% |
| Amounts payable | 17/49 | €119,378 | €81,127 | -€38,251 | -32.0% |
| Amounts payable after more than one year | 17 | €16,701 | €5,427 | -€11,274 | -67.5% |
| Financial debts | 170/4 | €16,701 | €5,427 | -€11,274 | -67.5% |
| Amounts payable within one year | 42/48 | €102,677 | €75,700 | -€26,977 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €19,648 | €11,274 | -€8,374 | -42.6% |
| Trade debts | 44 | €36,552 | €30,042 | -€6,510 | -17.8% |
| Suppliers | 440/4 | €36,552 | €30,042 | -€6,510 | -17.8% |
| Taxes, remuneration and social security | 45 | €25,627 | €13,002 | -€12,626 | -49.3% |
| Taxes | 450/3 | €11,242 | €2,626 | -€8,616 | -76.6% |
| Remuneration and social security | 454/9 | €14,385 | €10,376 | -€4,010 | -27.9% |
| Other amounts payable | 47/48 | €20,849 | €21,383 | +€533 | +2.6% |
| Turnover | 70 | €330,363 | €330,495 | +€132 | 0.0% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €196,740 | €239,153 | +€42,413 | +21.6% |
| Remuneration, social security and pensions | 62 | €99,407 | €83,997 | -€15,410 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,906 | €23,435 | +€2,530 | +12.1% |
| Other operating charges | 640/8 | €1,551 | €1,463 | -€87 | -5.6% |
| Non-recurring operating charges | 66A | €2,000 | €0 | -€2,000 | -100% |
| Gross operating margin | 9900 | €142,357 | €116,645 | -€25,712 | -18.1% |
| Operating profit (loss) | 9901 | €18,494 | €7,749 | -€10,745 | -58.1% |
| Financial income | 75/76B | €17 | €21 | +€5 | +29.1% |
| Recurring financial income | 75 | €17 | €21 | +€5 | +29.1% |
| Financial charges | 65/66B | €3,628 | €1,902 | -€1,727 | -47.6% |
| Recurring financial charges | 65 | €3,628 | €1,902 | -€1,727 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €14,882 | €5,869 | -€9,013 | -60.6% |
| Income taxes | 67/77 | €5,334 | €3,053 | -€2,281 | -42.8% |
| Profit (loss) for the period | 9904 | €9,548 | €2,815 | -€6,732 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,548 | €2,815 | -€6,732 | -70.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.