MENUITOIT: 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.
MENUITOIT
Largest movements
- Cash +€61,223
up €61,223 (+93.3%), from €65,613 to €126,836
mainly Net result for the year (+€108,374) and Depreciation (+€20,025)
- Receivables within one year +€24,299
up €24,299 (+624.7%), from €3,890 to €28,189
of which Other amounts receivable: +€16,654
- Tangible fixed assets +€18,168
up €18,168 (+53.3%), from €34,077 to €52,245
of which Furniture and vehicles: +€12,468
- Stocks and contracts +€2,679
up €2,679 (+385.5%), from €695 to €3,374
of which Stocks: +€1,913
- Reserves +€70,306
new in 2025: €70,306
- Profit (loss) carried forward +€47,211
up €47,211 (+183.7%), from €25,706 to €72,917
- Other debts -€12,706
down €12,706 (-62.9%), from €20,198 to €7,492
- Trade debts -€11,192
down €11,192 (-31.3%), from €35,776 to €24,584
- Advances received +€7,515
new in 2025: €7,515
- Gross operating margin +€150,024
up €150,024 (+326.2%), from €45,994 to €196,018
- Staff costs +€37,291
up €37,291 (+606.8%), from €6,146 to €43,437
- Depreciation +€14,996
up €14,996 (+298.2%), from €5,029 to €20,025
- Taxes +€8,911
up €8,911 (+146.3%), from €6,089 to €15,000
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 | €107,702 | €212,129 | +€104,427 | +97.0% |
| Fixed assets | 21/28 | €36,859 | €53,730 | +€16,871 | +45.8% |
| Intangible fixed assets | 21 | €1,677 | €1,280 | -€397 | -23.7% |
| Tangible fixed assets | 22/27 | €34,077 | €52,245 | +€18,168 | +53.3% |
| Plant, machinery and equipment | 23 | €23,425 | €28,098 | +€4,673 | +19.9% |
| Furniture and vehicles | 24 | €10,652 | €23,120 | +€12,468 | +117.0% |
| Other tangible fixed assets | 26 | - | €1,027 | +€1,027 | |
| Financial fixed assets | 28 | €1,105 | €205 | -€900 | -81.4% |
| Current assets | 29/58 | €70,843 | €158,399 | +€87,556 | +123.6% |
| Stocks and contracts in progress | 3 | €695 | €3,374 | +€2,679 | +385.5% |
| Stocks | 30/36 | €695 | €2,608 | +€1,913 | +275.3% |
| Contracts in progress | 37 | - | €766 | +€766 | |
| Amounts receivable within one year | 40/41 | €3,890 | €28,189 | +€24,299 | +624.7% |
| Trade receivables | 40 | €911 | €8,556 | +€7,645 | +839.2% |
| Other amounts receivable | 41 | €2,979 | €19,633 | +€16,654 | +559.0% |
| Cash at bank and in hand | 54/58 | €65,613 | €126,836 | +€61,223 | +93.3% |
| Deferred charges and accrued income | 490/1 | €645 | - | -€645 | |
| Total equity and liabilities | 10/49 | €107,702 | €212,129 | +€104,427 | +97.0% |
| Equity | 10/15 | €40,706 | €158,223 | +€117,517 | +288.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €70,306 | +€70,306 | |
| Distributable reserves | 133 | - | €70,306 | +€70,306 | |
| Profit (loss) carried forward | 14 | €25,706 | €72,917 | +€47,211 | +183.7% |
| Amounts payable | 17/49 | €66,996 | €53,906 | -€13,090 | -19.5% |
| Amounts payable after more than one year | 17 | €4,154 | - | -€4,154 | |
| Financial debts | 170/4 | €4,154 | - | -€4,154 | |
| Amounts payable within one year | 42/48 | €62,842 | €53,906 | -€8,936 | -14.2% |
| Trade debts | 44 | €35,776 | €24,584 | -€11,192 | -31.3% |
| Suppliers | 440/4 | €35,776 | €24,584 | -€11,192 | -31.3% |
| Advances received on contracts in progress | 46 | - | €7,515 | +€7,515 | |
| Taxes, remuneration and social security | 45 | €6,868 | €14,315 | +€7,447 | +108.4% |
| Taxes | 450/3 | €6,239 | €6,600 | +€361 | +5.8% |
| Remuneration and social security | 454/9 | €629 | €7,715 | +€7,086 | +1126.6% |
| Other amounts payable | 47/48 | €20,198 | €7,492 | -€12,706 | -62.9% |
| Non-recurring operating income | 76A | - | €61,449 | +€61,449 | |
| Remuneration, social security and pensions | 62 | €6,146 | €43,437 | +€37,291 | +606.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,029 | €20,025 | +€14,996 | +298.2% |
| Other operating charges | 640/8 | €585 | €2,016 | +€1,431 | +244.6% |
| Non-recurring operating charges | 66A | €2,436 | €6,886 | +€4,450 | +182.7% |
| Gross operating margin | 9900 | €45,994 | €196,018 | +€150,024 | +326.2% |
| Operating profit (loss) | 9901 | €31,798 | €123,654 | +€91,856 | +288.9% |
| Financial income | 75/76B | €1 | €20 | +€19 | +1900.0% |
| Recurring financial income | 75 | €1 | €20 | +€19 | +1900.0% |
| Financial charges | 65/66B | €4 | €300 | +€296 | +7400.0% |
| Recurring financial charges | 65 | €4 | €300 | +€296 | +7400.0% |
| Profit (loss) for the period before taxes | 9903 | €31,795 | €123,374 | +€91,579 | +288.0% |
| Income taxes | 67/77 | €6,089 | €15,000 | +€8,911 | +146.3% |
| Profit (loss) for the period | 9904 | €25,706 | €108,374 | +€82,668 | +321.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,706 | €108,374 | +€82,668 | +321.6% |
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.