Menco: 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.
Menco
Largest movements
- Tangible fixed assets -€4,261
down €4,261 (-7.6%), from €55,886 to €51,625
of which Plant, machinery and equipment: -€4,261
- Debts after one year -€4,346
down €4,346 (-30.1%), from €14,439 to €10,093
- Trade debts -€2,089
down €2,089 (-100.0%), from €2,089 to €0
- Profit (loss) carried forward +€1,968
up €1,968 (+45.8%), from €4,296 to €6,264
- Gross operating margin -€972
down €972 (-10.8%), from €9,030 to €8,058
- Taxes +€452
new in 2025: €452
- Financial charges -€120
down €120 (-24.4%), from €491 to €371
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 | €136,196 | €132,265 | -€3,931 | -2.9% |
| Fixed assets | 21/28 | €55,886 | €51,625 | -€4,261 | -7.6% |
| Tangible fixed assets | 22/27 | €55,886 | €51,625 | -€4,261 | -7.6% |
| Land and buildings | 22 | €36,020 | €36,020 | = | 0.0% |
| Plant, machinery and equipment | 23 | €19,866 | €15,604 | -€4,261 | -21.5% |
| Current assets | 29/58 | €80,310 | €80,641 | +€330 | +0.4% |
| Amounts receivable within one year | 40/41 | €79,566 | €80,076 | +€510 | +0.6% |
| Trade receivables | 40 | €21,646 | €21,646 | = | 0.0% |
| Other amounts receivable | 41 | €57,920 | €58,430 | +€510 | +0.9% |
| Cash at bank and in hand | 54/58 | €744 | €564 | -€180 | -24.1% |
| Total equity and liabilities | 10/49 | €136,196 | €132,265 | -€3,931 | -2.9% |
| Equity | 10/15 | €114,953 | €116,921 | +€1,968 | +1.7% |
| Contributions | 10/11 | €64,500 | €64,500 | = | 0.0% |
| Capital | 10 | €64,500 | €64,500 | = | 0.0% |
| Issued capital | 100 | €64,500 | €64,500 | = | 0.0% |
| Reserves | 13 | €46,157 | €46,157 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,450 | €6,450 | = | 0.0% |
| Legal reserve | 130 | €6,450 | €6,450 | = | 0.0% |
| Distributable reserves | 133 | €39,707 | €39,707 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,296 | €6,264 | +€1,968 | +45.8% |
| Amounts payable | 17/49 | €21,243 | €15,345 | -€5,899 | -27.8% |
| Amounts payable after more than one year | 17 | €14,439 | €10,093 | -€4,346 | -30.1% |
| Financial debts | 170/4 | €14,439 | €10,093 | -€4,346 | -30.1% |
| Amounts payable within one year | 42/48 | €6,804 | €5,251 | -€1,553 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €4,262 | €4,346 | +€84 | +2.0% |
| Trade debts | 44 | €2,089 | €0 | -€2,089 | -100.0% |
| Suppliers | 440/4 | €2,089 | €0 | -€2,089 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €452 | +€452 | |
| Taxes | 450/3 | - | €452 | +€452 | |
| Other amounts payable | 47/48 | €453 | €453 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,261 | €4,261 | = | 0.0% |
| Other operating charges | 640/8 | €995 | €1,005 | +€9 | +0.9% |
| Gross operating margin | 9900 | €9,030 | €8,058 | -€972 | -10.8% |
| Operating profit (loss) | 9901 | €3,773 | €2,792 | -€981 | -26.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €491 | €371 | -€120 | -24.4% |
| Recurring financial charges | 65 | €491 | €371 | -€120 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €3,282 | €2,420 | -€862 | -26.3% |
| Income taxes | 67/77 | - | €452 | +€452 | |
| Profit (loss) for the period | 9904 | €3,282 | €1,968 | -€1,314 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,282 | €1,968 | -€1,314 | -40.0% |
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 5 October 2026 via checked.be.