Menzz: 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.
Menzz
Largest movements
- Tangible fixed assets +€1.4m
new in 2025: €1.4m
of which Land and buildings: +€1.4m
- Cash +€643,761
up €643,761 (+256478.5%), from €251 to €644,012
mainly Debts after one year (+€1.3m) and Other debts (+€734,000)
- Receivables after one year +€130,000
up €130,000 (+185.7%), from €70,000 to €200,000
- Receivables within one year +€43,815
up €43,815 (+79.6%), from €55,025 to €98,840
- Debts after one year +€1.3m
up €1.3m (+1921.6%), from €70,000 to €1.4m
- Other debts +€734,000
up €734,000 (+1112.1%), from €66,000 to €800,000
- Current portion of long-term debt +€98,623
new in 2025: €98,623
- Trade debts +€36,648
up €36,648 (+215576.5%), from €17 to €36,665
- Profit (loss) carried forward +€28,651
up €28,651, from -€2,741 to €25,910
- Gross operating margin +€75,736
up €75,736, from -€64 to €75,672
- Depreciation +€40,416
new in 2025: €40,416
- Financial charges +€6,516
up €6,516 (+3484.5%), from €187 to €6,703
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 | €135,276 | €2,390,685 | +€2.3m | +1667.3% |
| Fixed assets | 21/28 | €10,000 | €1,447,833 | +€1.4m | +14378.3% |
| Tangible fixed assets | 22/27 | - | €1,432,833 | +€1.4m | |
| Land and buildings | 22 | - | €1,357,952 | +€1.4m | |
| Plant, machinery and equipment | 23 | - | €22,140 | +€22,140 | |
| Furniture and vehicles | 24 | - | €52,741 | +€52,741 | |
| Financial fixed assets | 28 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Current assets | 29/58 | €125,276 | €942,852 | +€817,576 | +652.6% |
| Amounts receivable after more than one year | 29 | €70,000 | €200,000 | +€130,000 | +185.7% |
| Other amounts receivable | 291 | €70,000 | €200,000 | +€130,000 | +185.7% |
| Amounts receivable within one year | 40/41 | €55,025 | €98,840 | +€43,815 | +79.6% |
| Other amounts receivable | 41 | €55,025 | €98,840 | +€43,815 | +79.6% |
| Cash at bank and in hand | 54/58 | €251 | €644,012 | +€643,761 | +256478.5% |
| Total equity and liabilities | 10/49 | €135,276 | €2,390,685 | +€2.3m | +1667.3% |
| Equity | 10/15 | -€741 | €27,910 | +€28,651 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,741 | €25,910 | +€28,651 | |
| Amounts payable | 17/49 | €136,017 | €2,362,775 | +€2.2m | +1637.1% |
| Amounts payable after more than one year | 17 | €70,000 | €1,415,087 | +€1.3m | +1921.6% |
| Financial debts | 170/4 | €70,000 | €1,415,087 | +€1.3m | +1921.6% |
| Amounts payable within one year | 42/48 | €66,017 | €947,688 | +€881,671 | +1335.5% |
| Current portion of amounts payable after more than one year | 42 | - | €98,623 | +€98,623 | |
| Trade debts | 44 | €17 | €36,665 | +€36,648 | +215576.5% |
| Suppliers | 440/4 | €17 | €36,665 | +€36,648 | +215576.5% |
| Taxes, remuneration and social security | 45 | - | €12,400 | +€12,400 | |
| Taxes | 450/3 | - | €12,400 | +€12,400 | |
| Other amounts payable | 47/48 | €66,000 | €800,000 | +€734,000 | +1112.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €40,416 | +€40,416 | |
| Other operating charges | 640/8 | €62 | €616 | +€554 | +893.5% |
| Gross operating margin | 9900 | -€64 | €75,672 | +€75,736 | |
| Operating profit (loss) | 9901 | -€126 | €34,640 | +€34,766 | |
| Financial income | 75/76B | - | €714 | +€714 | |
| Recurring financial income | 75 | - | €714 | +€714 | |
| Financial charges | 65/66B | €187 | €6,703 | +€6,516 | +3484.5% |
| Recurring financial charges | 65 | €187 | €6,703 | +€6,516 | +3484.5% |
| Profit (loss) for the period before taxes | 9903 | -€313 | €28,651 | +€28,964 | |
| Profit (loss) for the period | 9904 | -€313 | €28,651 | +€28,964 | |
| Profit (loss) for the period to be appropriated | 9905 | -€313 | €28,651 | +€28,964 |
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 10 October 2026 via checked.be.