MENKo: what changed
Two fiscal 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.
MENKo
Largest movements
- Tangible fixed assets +€27,190
up €27,190 (+535.7%), from €5,075 to €32,265
of which Furniture and vehicles: +€27,660
- Cash +€2,919
up €2,919 (+17.8%), from €16,380 to €19,299
mainly Other debts (+€33,928) and Depreciation (+€7,661)
- Receivables within one year -€1,567
down €1,567 (-100.0%), from €1,567 to €0
of which Other amounts receivable: -€944
- Other debts +€33,928
up €33,928 (+4167.0%), from €814 to €34,742
- Profit (loss) carried forward -€11,969
down €11,969 (-100.0%), from €11,969 to €0
- Reserves +€11,492
new in 2025: €11,492
- Trade debts -€6,079
down €6,079 (-97.1%), from €6,263 to €184
- Tax, wage and social debts +€2,146
new in 2025: €2,146
- Gross operating margin -€26,369
down €26,369 (-76.5%), from €34,477 to €8,108
- Staff costs -€17,871
no longer reported in 2025 (was €17,871)
- Depreciation +€6,596
up €6,596 (+619.8%), from €1,064 to €7,661
- Taxes -€2,988
down €2,988 (-97.8%), from €3,056 to €68
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 | €23,023 | €51,564 | +€28,541 | +124.0% |
| Fixed assets | 21/28 | €5,075 | €32,265 | +€27,190 | +535.7% |
| Tangible fixed assets | 22/27 | €5,075 | €32,265 | +€27,190 | +535.7% |
| Land and buildings | 22 | €854 | €500 | -€353 | -41.4% |
| Plant, machinery and equipment | 23 | €292 | €175 | -€117 | -40.1% |
| Furniture and vehicles | 24 | €3,929 | €31,589 | +€27,660 | +703.9% |
| Current assets | 29/58 | €17,948 | €19,299 | +€1,352 | +7.5% |
| Amounts receivable within one year | 40/41 | €1,567 | €0 | -€1,567 | -100.0% |
| Trade receivables | 40 | €623 | €0 | -€623 | -100.0% |
| Other amounts receivable | 41 | €944 | €0 | -€944 | -100.0% |
| Cash at bank and in hand | 54/58 | €16,380 | €19,299 | +€2,919 | +17.8% |
| Total equity and liabilities | 10/49 | €23,023 | €51,564 | +€28,541 | +124.0% |
| Equity | 10/15 | €14,969 | €14,492 | -€476 | -3.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €11,492 | +€11,492 | |
| Distributable reserves | 133 | - | €11,492 | +€11,492 | |
| Profit (loss) carried forward | 14 | €11,969 | €0 | -€11,969 | -100.0% |
| Amounts payable | 17/49 | €8,054 | €37,072 | +€29,018 | +360.3% |
| Amounts payable within one year | 42/48 | €7,077 | €37,072 | +€29,995 | +423.8% |
| Trade debts | 44 | €6,263 | €184 | -€6,079 | -97.1% |
| Suppliers | 440/4 | €6,263 | €184 | -€6,079 | -97.1% |
| Taxes, remuneration and social security | 45 | - | €2,146 | +€2,146 | |
| Taxes | 450/3 | - | €2,146 | +€2,146 | |
| Other amounts payable | 47/48 | €814 | €34,742 | +€33,928 | +4167.0% |
| Accrued charges and deferred income | 492/3 | €977 | - | -€977 | |
| Remuneration, social security and pensions | 62 | €17,871 | - | -€17,871 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,064 | €7,661 | +€6,596 | +619.8% |
| Other operating charges | 640/8 | €527 | €793 | +€266 | +50.4% |
| Gross operating margin | 9900 | €34,477 | €8,108 | -€26,369 | -76.5% |
| Operating profit (loss) | 9901 | €15,015 | -€346 | -€15,361 | |
| Financial income | 75/76B | €28 | €30 | +€2 | +7.1% |
| Recurring financial income | 75 | €28 | €30 | +€2 | +7.1% |
| Financial charges | 65/66B | €18 | €93 | +€75 | +411.1% |
| Recurring financial charges | 65 | €18 | €93 | +€75 | +411.1% |
| Profit (loss) for the period before taxes | 9903 | €15,025 | -€409 | -€15,433 | |
| Income taxes | 67/77 | €3,056 | €68 | -€2,988 | -97.8% |
| Profit (loss) for the period | 9904 | €11,969 | -€476 | -€12,445 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,969 | -€476 | -€12,445 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.