MENQ: 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.
MENQ
Largest movements
- Cash -€144,391
down €144,391 (-93.8%), from €153,917 to €9,526
mainly Contributions, distributions and other (-€200,000) and Other debts (-€50,378)
- Current investments -€120,039
down €120,039 (-10.7%), from €1.1m to €1.0m
- Profit (loss) carried forward -€178,542
down €178,542 (-24.5%), from €729,634 to €551,092
- Other debts -€50,378
down €50,378 (-20.1%), from €250,378 to €200,000
- Tax, wage and social debts -€35,510
down €35,510 (-99.6%), from €35,660 to €150
- Gross operating margin -€336,605
down €336,605, from €331,515 to -€5,090
- Taxes -€89,440
down €89,440 (-88.7%), from €100,818 to €11,378
- Financial income +€4,810
up €4,810 (+13.6%), from €35,256 to €40,066
- Other operating charges -€4,741
down €4,741 (-69.4%), from €6,832 to €2,091
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 | €1,280,817 | €1,016,387 | -€264,430 | -20.6% |
| Current assets | 29/58 | €1,280,817 | €1,016,387 | -€264,430 | -20.6% |
| Current investments | 50/53 | €1,126,900 | €1,006,861 | -€120,039 | -10.7% |
| Cash at bank and in hand | 54/58 | €153,917 | €9,526 | -€144,391 | -93.8% |
| Total equity and liabilities | 10/49 | €1,280,817 | €1,016,387 | -€264,430 | -20.6% |
| Equity | 10/15 | €994,779 | €816,237 | -€178,542 | -17.9% |
| Contributions | 10/11 | €241,041 | €241,041 | = | 0.0% |
| Outside capital | 11 | €241,041 | €241,041 | = | 0.0% |
| Other | 1109/19 | €241,041 | €241,041 | = | 0.0% |
| Reserves | 13 | €24,104 | €24,104 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,104 | €24,104 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,104 | €24,104 | = | 0.0% |
| Profit (loss) carried forward | 14 | €729,634 | €551,092 | -€178,542 | -24.5% |
| Amounts payable | 17/49 | €286,038 | €200,150 | -€85,888 | -30.0% |
| Amounts payable within one year | 42/48 | €286,038 | €200,150 | -€85,888 | -30.0% |
| Taxes, remuneration and social security | 45 | €35,660 | €150 | -€35,510 | -99.6% |
| Taxes | 450/3 | €35,660 | €150 | -€35,510 | -99.6% |
| Other amounts payable | 47/48 | €250,378 | €200,000 | -€50,378 | -20.1% |
| Non-recurring operating income | 76A | €358,175 | - | -€358,175 | |
| Other operating charges | 640/8 | €6,832 | €2,091 | -€4,741 | -69.4% |
| Gross operating margin | 9900 | €331,515 | -€5,090 | -€336,605 | |
| Operating profit (loss) | 9901 | €324,683 | -€7,181 | -€331,864 | |
| Financial income | 75/76B | €35,256 | €40,066 | +€4,810 | +13.6% |
| Recurring financial income | 75 | €35,256 | €40,066 | +€4,810 | +13.6% |
| Financial charges | 65/66B | €122 | €49 | -€73 | -59.8% |
| Recurring financial charges | 65 | €122 | €49 | -€73 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €359,817 | €32,836 | -€326,981 | -90.9% |
| Income taxes | 67/77 | €100,818 | €11,378 | -€89,440 | -88.7% |
| Profit (loss) for the period | 9904 | €258,999 | €21,458 | -€237,541 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €258,999 | €21,458 | -€237,541 | -91.7% |
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 1 October 2026 via checked.be.