MENUIPLUS: 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.
MENUIPLUS
Largest movements
- Receivables within one year +€273,029
up €273,029 (+204%), from €133,860 to €406,889
of which Trade receivables: +€268,366
- Cash -€10,747
down €10,747 (-65.8%), from €16,337 to €5,590
mainly Receivables within one year (-€273,029) and Debts after one year (-€85,000)
- Stocks and contracts -€10,711
down €10,711 (-25.7%), from €41,679 to €30,968
- Profit (loss) carried forward +€353,692
up €353,692, from -€201,683 to €152,009
- Debts after one year -€85,000
down €85,000 (-44.7%), from €190,000 to €105,000
- Trade debts -€13,158
down €13,158 (-32.3%), from €40,709 to €27,551
- Gross operating margin +€255,179
up €255,179 (+80.2%), from €318,033 to €573,211
- Staff costs -€25,504
down €25,504 (-10.0%), from €254,854 to €229,350
- Write-downs -€9,087
down €9,087, from €6,600 to -€2,487
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 | €195,174 | €445,827 | +€250,653 | +128% |
| Fixed assets | 21/28 | €572 | - | -€572 | |
| Tangible fixed assets | 22/27 | €572 | - | -€572 | |
| Plant, machinery and equipment | 23 | €38 | - | -€38 | |
| Furniture and vehicles | 24 | €533 | - | -€533 | |
| Current assets | 29/58 | €194,602 | €445,827 | +€251,225 | +129% |
| Stocks and contracts in progress | 3 | €41,679 | €30,968 | -€10,711 | -25.7% |
| Stocks | 30/36 | €41,679 | €30,968 | -€10,711 | -25.7% |
| Amounts receivable within one year | 40/41 | €133,860 | €406,889 | +€273,029 | +204% |
| Trade receivables | 40 | €127,753 | €396,119 | +€268,366 | +210% |
| Other amounts receivable | 41 | €6,107 | €10,770 | +€4,663 | +76.4% |
| Cash at bank and in hand | 54/58 | €16,337 | €5,590 | -€10,747 | -65.8% |
| Deferred charges and accrued income | 490/1 | €2,727 | €2,381 | -€346 | -12.7% |
| Total equity and liabilities | 10/49 | €195,174 | €445,827 | +€250,653 | +128% |
| Equity | 10/15 | -€143,938 | €207,894 | +€351,832 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,145 | €37,285 | -€1,860 | -4.8% |
| Tax-exempt reserves | 132 | €37,285 | €37,285 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€201,683 | €152,009 | +€353,692 | |
| Amounts payable | 17/49 | €339,112 | €237,933 | -€101,179 | -29.8% |
| Amounts payable after more than one year | 17 | €190,000 | €105,000 | -€85,000 | -44.7% |
| Other amounts payable | 178/9 | €190,000 | €105,000 | -€85,000 | -44.7% |
| Amounts payable within one year | 42/48 | €149,112 | €132,933 | -€16,179 | -10.9% |
| Trade debts | 44 | €40,709 | €27,551 | -€13,158 | -32.3% |
| Suppliers | 440/4 | €40,709 | €27,551 | -€13,158 | -32.3% |
| Advances received on contracts in progress | 46 | €98,550 | €96,346 | -€2,204 | -2.2% |
| Taxes, remuneration and social security | 45 | €6,378 | €6,941 | +€563 | +8.8% |
| Taxes | 450/3 | €130 | €766 | +€635 | +487% |
| Remuneration and social security | 454/9 | €6,247 | €6,175 | -€72 | -1.2% |
| Other amounts payable | 47/48 | €3,476 | €2,096 | -€1,380 | -39.7% |
| Non-recurring operating income | 76A | - | €311,632 | +€311,632 | |
| Remuneration, social security and pensions | 62 | €254,854 | €229,350 | -€25,504 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,913 | - | -€4,913 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,600 | -€2,487 | -€9,087 | |
| Other operating charges | 640/8 | €1,030 | €994 | -€36 | -3.5% |
| Non-recurring operating charges | 66A | - | €186 | +€186 | |
| Gross operating margin | 9900 | €318,033 | €573,211 | +€255,179 | +80.2% |
| Operating profit (loss) | 9901 | €50,636 | €345,169 | +€294,532 | +582% |
| Financial income | 75/76B | €7,898 | €9,146 | +€1,247 | +15.8% |
| Recurring financial income | 75 | €7,898 | €9,146 | +€1,247 | +15.8% |
| Financial charges | 65/66B | €3,834 | €2,482 | -€1,352 | -35.3% |
| Recurring financial charges | 65 | €3,834 | €2,482 | -€1,352 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €54,701 | €351,832 | +€297,131 | +543% |
| Profit (loss) for the period | 9904 | €54,701 | €351,832 | +€297,131 | +543% |
| Profit (loss) for the period to be appropriated | 9905 | €54,701 | €351,832 | +€297,131 | +543% |
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 28 October 2026 via checked.be.