MENZ IMMO: 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.
MENZ IMMO
Largest movements
- Tangible fixed assets -€11,760
down €11,760 (-2.2%), from €524,484 to €512,724
- Debts after one year -€16,133
down €16,133 (-3.8%), from €421,270 to €405,137
- Current portion of long-term debt +€7,856
up €7,856 (+33.7%), from €23,277 to €31,133
- Profit (loss) carried forward -€6,646
down €6,646 (-15.9%), from -€41,853 to -€48,499
- Depreciation -€19,456
down €19,456 (-62.3%), from €31,216 to €11,760
- Gross operating margin +€15,527
up €15,527 (+159.7%), from €9,723 to €25,250
- Financial charges -€351
down €351 (-1.7%), from €20,360 to €20,008
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 | €524,487 | €516,267 | -€8,221 | -1.6% |
| Fixed assets | 21/28 | €524,484 | €512,724 | -€11,760 | -2.2% |
| Tangible fixed assets | 22/27 | €524,484 | €512,724 | -€11,760 | -2.2% |
| Land and buildings | 22 | €524,484 | €512,724 | -€11,760 | -2.2% |
| Current assets | 29/58 | €3 | €3,542 | +€3,539 | +116422.7% |
| Cash at bank and in hand | 54/58 | €3 | €4 | +€1 | +28.9% |
| Deferred charges and accrued income | 490/1 | - | €3,538 | +€3,538 | |
| Total equity and liabilities | 10/49 | €524,487 | €516,267 | -€8,221 | -1.6% |
| Equity | 10/15 | -€36,853 | -€43,499 | -€6,646 | -18.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,853 | -€48,499 | -€6,646 | -15.9% |
| Amounts payable | 17/49 | €561,340 | €559,766 | -€1,574 | -0.3% |
| Amounts payable after more than one year | 17 | €421,270 | €405,137 | -€16,133 | -3.8% |
| Financial debts | 170/4 | €421,270 | €405,137 | -€16,133 | -3.8% |
| Amounts payable within one year | 42/48 | €140,070 | €154,629 | +€14,558 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €23,277 | €31,133 | +€7,856 | +33.7% |
| Trade debts | 44 | €4,410 | €8,154 | +€3,744 | +84.9% |
| Suppliers | 440/4 | €4,410 | €8,154 | +€3,744 | +84.9% |
| Other amounts payable | 47/48 | €112,384 | €115,342 | +€2,958 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,216 | €11,760 | -€19,456 | -62.3% |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | €9,723 | €25,250 | +€15,527 | +159.7% |
| Operating profit (loss) | 9901 | -€21,493 | €13,362 | +€34,855 | |
| Financial charges | 65/66B | €20,360 | €20,008 | -€351 | -1.7% |
| Recurring financial charges | 65 | €20,360 | €20,008 | -€351 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€41,853 | -€6,646 | +€35,206 | +84.1% |
| Profit (loss) for the period | 9904 | -€41,853 | -€6,646 | +€35,206 | +84.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,853 | -€6,646 | +€35,206 | +84.1% |
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 11 October 2026 via checked.be.