MENUI'DEAL: 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.
MENUI'DEAL
Largest movements
- Cash -€69,776
down €69,776 (-75.3%), from €92,708 to €22,932
mainly Contributions, distributions and other (-€26,358) and Receivables within one year (-€21,933)
- Receivables within one year +€21,933
up €21,933 (+17.5%), from €125,296 to €147,229
of which Trade receivables: +€21,241
- Tangible fixed assets -€11,997
down €11,997 (-26.3%), from €45,533 to €33,536
of which Plant, machinery and equipment: -€6,580
- Stocks and contracts +€10,596
up €10,596 (+61.7%), from €17,162 to €27,758
- Receivables after one year -€10,000
down €10,000 (-20.0%), from €50,000 to €40,000
- Reserves -€26,358
down €26,358 (-22.5%), from €117,131 to €90,774
- Accrued charges and deferred income -€13,007
down €13,007 (-32.2%), from €40,344 to €27,337
- Debts after one year -€7,410
down €7,410 (-48.9%), from €15,149 to €7,739
- Current portion of long-term debt -€6,681
down €6,681 (-47.4%), from €14,091 to €7,410
- Trade debts -€4,669
down €4,669 (-8.8%), from €52,828 to €48,160
- Staff costs -€50,462
down €50,462 (-22.3%), from €226,576 to €176,115
- Gross operating margin -€49,356
down €49,356 (-20.2%), from €244,302 to €194,946
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 | €338,407 | €281,563 | -€56,844 | -16.8% |
| Fixed assets | 21/28 | €49,839 | €37,127 | -€12,712 | -25.5% |
| Intangible fixed assets | 21 | €4,155 | €3,441 | -€714 | -17.2% |
| Tangible fixed assets | 22/27 | €45,533 | €33,536 | -€11,997 | -26.3% |
| Plant, machinery and equipment | 23 | €39,863 | €33,283 | -€6,580 | -16.5% |
| Furniture and vehicles | 24 | €5,670 | €253 | -€5,417 | -95.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €288,569 | €244,436 | -€44,133 | -15.3% |
| Amounts receivable after more than one year | 29 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Other amounts receivable | 291 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Stocks and contracts in progress | 3 | €17,162 | €27,758 | +€10,596 | +61.7% |
| Stocks | 30/36 | €17,162 | €27,758 | +€10,596 | +61.7% |
| Amounts receivable within one year | 40/41 | €125,296 | €147,229 | +€21,933 | +17.5% |
| Trade receivables | 40 | €18,127 | €39,368 | +€21,241 | +117% |
| Other amounts receivable | 41 | €107,169 | €107,862 | +€692 | +0.6% |
| Cash at bank and in hand | 54/58 | €92,708 | €22,932 | -€69,776 | -75.3% |
| Deferred charges and accrued income | 490/1 | €3,403 | €6,516 | +€3,113 | +91.5% |
| Total equity and liabilities | 10/49 | €338,407 | €281,563 | -€56,844 | -16.8% |
| Equity | 10/15 | €183,619 | €157,526 | -€26,093 | -14.2% |
| Contributions | 10/11 | €67,039 | €67,039 | = | 0.0% |
| Reserves | 13 | €117,131 | €90,774 | -€26,358 | -22.5% |
| Distributable reserves | 133 | €117,131 | €90,774 | -€26,358 | -22.5% |
| Profit (loss) carried forward | 14 | -€552 | -€287 | +€265 | +48.0% |
| Amounts payable | 17/49 | €154,789 | €124,037 | -€30,751 | -19.9% |
| Amounts payable after more than one year | 17 | €15,149 | €7,739 | -€7,410 | -48.9% |
| Financial debts | 170/4 | €15,149 | €7,739 | -€7,410 | -48.9% |
| Amounts payable within one year | 42/48 | €99,296 | €88,961 | -€10,335 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €14,091 | €7,410 | -€6,681 | -47.4% |
| Trade debts | 44 | €52,828 | €48,160 | -€4,669 | -8.8% |
| Suppliers | 440/4 | €52,828 | €48,160 | -€4,669 | -8.8% |
| Taxes, remuneration and social security | 45 | €1,691 | €3,893 | +€2,202 | +130% |
| Taxes | 450/3 | €1,691 | €3,893 | +€2,202 | +130% |
| Other amounts payable | 47/48 | €30,685 | €29,498 | -€1,187 | -3.9% |
| Accrued charges and deferred income | 492/3 | €40,344 | €27,337 | -€13,007 | -32.2% |
| Remuneration, social security and pensions | 62 | €226,576 | €176,115 | -€50,462 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,760 | €13,937 | +€176 | +1.3% |
| Other operating charges | 640/8 | €2,230 | €2,723 | +€493 | +22.1% |
| Non-recurring operating charges | 66A | €189 | €209 | +€19 | +10.2% |
| Gross operating margin | 9900 | €244,302 | €194,946 | -€49,356 | -20.2% |
| Operating profit (loss) | 9901 | €1,547 | €1,964 | +€417 | +27.0% |
| Financial income | 75/76B | €3,407 | €2,783 | -€623 | -18.3% |
| Recurring financial income | 75 | €3,279 | €2,783 | -€496 | -15.1% |
| Non-recurring financial income | 76B | €127 | - | -€127 | |
| Financial charges | 65/66B | €4,022 | €2,715 | -€1,307 | -32.5% |
| Recurring financial charges | 65 | €4,022 | €2,715 | -€1,307 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €931 | €2,031 | +€1,100 | +118% |
| Income taxes | 67/77 | €1,483 | €1,766 | +€284 | +19.1% |
| Profit (loss) for the period | 9904 | -€552 | €265 | +€817 | |
| Profit (loss) for the period to be appropriated | 9905 | -€552 | €265 | +€817 |
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 23 October 2026 via checked.be.