MENUIDAC: 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.
MENUIDAC
Largest movements
- Cash -€47,095
down €47,095 (-21.5%), from €218,574 to €171,479
mainly Receivables within one year (-€19,321) and Net result for the year (-€11,082)
- Receivables within one year +€19,321
up €19,321 (+177.8%), from €10,866 to €30,187
of which Other amounts receivable: +€19,442
- Deferred charges and accrued income +€8,676
new in 2025: €8,676
- Profit (loss) carried forward -€11,083
down €11,083 (-10.7%), from €103,710 to €92,627
- Other debts -€5,294
down €5,294 (-92.8%), from €5,707 to €413
- Tax, wage and social debts -€3,313
down €3,313 (-7.0%), from €47,132 to €43,819
- Gross operating margin -€116,681
down €116,681, from €106,386 to -€10,295
- Taxes -€63,837
no longer reported in 2025 (was €63,837)
- Financial charges -€4,431
down €4,431 (-77.2%), from €5,738 to €1,307
- Write-downs -€2,237
down €2,237, from €1,660 to -€577
- Financial income +€1,972
new in 2025: €1,972
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 | €232,583 | €212,989 | -€19,594 | -8.4% |
| Fixed assets | 21/28 | €378 | €75 | -€303 | -80.2% |
| Tangible fixed assets | 22/27 | €53 | - | -€53 | |
| Furniture and vehicles | 24 | €53 | - | -€53 | |
| Financial fixed assets | 28 | €325 | €75 | -€250 | -76.9% |
| Current assets | 29/58 | €232,205 | €212,914 | -€19,291 | -8.3% |
| Stocks and contracts in progress | 3 | €2,765 | €2,572 | -€193 | -7.0% |
| Stocks | 30/36 | €2,765 | €2,572 | -€193 | -7.0% |
| Amounts receivable within one year | 40/41 | €10,866 | €30,187 | +€19,321 | +177.8% |
| Trade receivables | 40 | €10,783 | €10,662 | -€121 | -1.1% |
| Other amounts receivable | 41 | €83 | €19,525 | +€19,442 | +23424.1% |
| Cash at bank and in hand | 54/58 | €218,574 | €171,479 | -€47,095 | -21.5% |
| Deferred charges and accrued income | 490/1 | - | €8,676 | +€8,676 | |
| Total equity and liabilities | 10/49 | €232,583 | €212,989 | -€19,594 | -8.4% |
| Equity | 10/15 | €178,710 | €167,627 | -€11,083 | -6.2% |
| Contributions | 10/11 | €18,800 | €18,800 | = | 0.0% |
| Reserves | 13 | €56,200 | €56,200 | = | 0.0% |
| Distributable reserves | 133 | €56,200 | €56,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,710 | €92,627 | -€11,083 | -10.7% |
| Amounts payable | 17/49 | €53,873 | €45,362 | -€8,511 | -15.8% |
| Amounts payable within one year | 42/48 | €53,873 | €45,362 | -€8,511 | -15.8% |
| Trade debts | 44 | €1,034 | €1,130 | +€96 | +9.3% |
| Suppliers | 440/4 | €1,034 | €1,130 | +€96 | +9.3% |
| Taxes, remuneration and social security | 45 | €47,132 | €43,819 | -€3,313 | -7.0% |
| Taxes | 450/3 | €47,132 | €43,819 | -€3,313 | -7.0% |
| Other amounts payable | 47/48 | €5,707 | €413 | -€5,294 | -92.8% |
| Non-recurring operating income | 76A | €123,185 | €775 | -€122,410 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €838 | €53 | -€785 | -93.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,660 | -€577 | -€2,237 | |
| Other operating charges | 640/8 | €1,395 | €1,976 | +€581 | +41.6% |
| Gross operating margin | 9900 | €106,386 | -€10,295 | -€116,681 | |
| Operating profit (loss) | 9901 | €102,493 | -€11,747 | -€114,240 | |
| Financial income | 75/76B | - | €1,972 | +€1,972 | |
| Recurring financial income | 75 | - | €1,972 | +€1,972 | |
| Financial charges | 65/66B | €5,738 | €1,307 | -€4,431 | -77.2% |
| Recurring financial charges | 65 | €5,738 | €1,307 | -€4,431 | -77.2% |
| Profit (loss) for the period before taxes | 9903 | €96,755 | -€11,082 | -€107,837 | |
| Income taxes | 67/77 | €63,837 | - | -€63,837 | |
| Profit (loss) for the period | 9904 | €32,918 | -€11,082 | -€44,000 | |
| Transfer from tax-exempt reserves | 789 | €145,000 | - | -€145,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €177,918 | -€11,082 | -€189,000 |
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 30 September 2026 via checked.be.