MENUITEC: 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.
MENUITEC
Largest movements
- Tangible fixed assets -€292,710
down €292,710 (-93.2%), from €314,097 to €21,387
of which Land and buildings: -€284,004
- Receivables within one year -€244,925
down €244,925 (-44.4%), from €552,147 to €307,222
of which Trade receivables: -€206,642
- Stocks and contracts -€30,399
down €30,399 (-32.2%), from €94,399 to €64,000
- Trade debts -€302,197
down €302,197 (-48.4%), from €624,485 to €322,288
- Debts after one year -€233,256
down €233,256 (-93.6%), from €249,325 to €16,069
- Current portion of long-term debt -€28,677
down €28,677 (-75.7%), from €37,906 to €9,230
- Staff costs -€49,175
down €49,175 (-12.2%), from €404,124 to €354,949
- Gross operating margin -€26,736
down €26,736 (-5.9%), from €454,303 to €427,567
- Other operating charges +€18,837
up €18,837 (+258%), from €7,312 to €26,148
- Depreciation -€8,428
down €8,428 (-37.4%), from €22,524 to €14,096
- Taxes +€6,029
up €6,029 (+103%), from €5,850 to €11,879
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,013,155 | €433,650 | -€579,505 | -57.2% |
| Fixed assets | 21/28 | €314,097 | €21,387 | -€292,710 | -93.2% |
| Tangible fixed assets | 22/27 | €314,097 | €21,387 | -€292,710 | -93.2% |
| Land and buildings | 22 | €284,004 | - | -€284,004 | |
| Plant, machinery and equipment | 23 | €7,138 | €5,868 | -€1,270 | -17.8% |
| Furniture and vehicles | 24 | €22,955 | €15,519 | -€7,436 | -32.4% |
| Current assets | 29/58 | €699,058 | €412,263 | -€286,795 | -41.0% |
| Stocks and contracts in progress | 3 | €94,399 | €64,000 | -€30,399 | -32.2% |
| Stocks | 30/36 | €94,399 | €64,000 | -€30,399 | -32.2% |
| Amounts receivable within one year | 40/41 | €552,147 | €307,222 | -€244,925 | -44.4% |
| Trade receivables | 40 | €488,438 | €281,797 | -€206,642 | -42.3% |
| Other amounts receivable | 41 | €63,709 | €25,425 | -€38,283 | -60.1% |
| Cash at bank and in hand | 54/58 | €41,081 | €35,631 | -€5,450 | -13.3% |
| Deferred charges and accrued income | 490/1 | €11,430 | €5,410 | -€6,020 | -52.7% |
| Total equity and liabilities | 10/49 | €1,013,155 | €433,650 | -€579,505 | -57.2% |
| Equity | 10/15 | €66,992 | €64,645 | -€2,347 | -3.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €820 | €820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €820 | €820 | = | 0.0% |
| Legal reserve | 130 | €820 | €820 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,455 | -€34,875 | -€421 | -1.2% |
| Investment grants | 15 | €38,627 | €36,700 | -€1,927 | -5.0% |
| Amounts payable | 17/49 | €946,163 | €369,006 | -€577,158 | -61.0% |
| Amounts payable after more than one year | 17 | €249,325 | €16,069 | -€233,256 | -93.6% |
| Financial debts | 170/4 | €249,325 | €16,069 | -€233,256 | -93.6% |
| Amounts payable within one year | 42/48 | €696,838 | €352,936 | -€343,902 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €37,906 | €9,230 | -€28,677 | -75.7% |
| Financial debts | 43 | €254 | €212 | -€42 | -16.7% |
| Credit institutions | 430/8 | €254 | €212 | -€42 | -16.7% |
| Trade debts | 44 | €624,485 | €322,288 | -€302,197 | -48.4% |
| Suppliers | 440/4 | €624,485 | €322,288 | -€302,197 | -48.4% |
| Advances received on contracts in progress | 46 | €9,489 | - | -€9,489 | |
| Taxes, remuneration and social security | 45 | €24,704 | €15,414 | -€9,291 | -37.6% |
| Taxes | 450/3 | €12,161 | €9,677 | -€2,484 | -20.4% |
| Remuneration and social security | 454/9 | €12,543 | €5,736 | -€6,807 | -54.3% |
| Other amounts payable | 47/48 | - | €5,794 | +€5,794 | |
| Non-recurring operating income | 76A | €7,795 | - | -€7,795 | |
| Remuneration, social security and pensions | 62 | €404,124 | €354,949 | -€49,175 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,524 | €14,096 | -€8,428 | -37.4% |
| Other operating charges | 640/8 | €7,312 | €26,148 | +€18,837 | +258% |
| Gross operating margin | 9900 | €454,303 | €427,567 | -€26,736 | -5.9% |
| Operating profit (loss) | 9901 | €20,343 | €32,373 | +€12,031 | +59.1% |
| Financial income | 75/76B | €3,262 | €1,941 | -€1,321 | -40.5% |
| Recurring financial income | 75 | €3,262 | €1,941 | -€1,321 | -40.5% |
| Financial charges | 65/66B | €18,872 | €22,856 | +€3,984 | +21.1% |
| Recurring financial charges | 65 | €18,384 | €22,856 | +€4,471 | +24.3% |
| Non-recurring financial charges | 66B | €488 | - | -€488 | |
| Profit (loss) for the period before taxes | 9903 | €4,733 | €11,459 | +€6,726 | +142% |
| Income taxes | 67/77 | €5,850 | €11,879 | +€6,029 | +103% |
| Profit (loss) for the period | 9904 | -€1,117 | -€421 | +€697 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,117 | -€421 | +€697 | +62.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.