DE MENS: what changed
DE MENS
Largest movements
- Cash +€114,278
up €114,278 (+88.0%), from €129,836 to €244,114
mainly Trade debts (+€51,827) and Net result for the year (+€27,970)
- Tangible fixed assets -€16,320
down €16,320 (-3.6%), from €452,413 to €436,093
of which Land and buildings: -€12,685
- Receivables within one year -€13,403
down €13,403 (-32.4%), from €41,380 to €27,977
of which Other amounts receivable: -€20,907
- Trade debts +€51,827
up €51,827 (+2,717%), from €1,908 to €53,735
- Reserves +€27,970
up €27,970 (+7.4%), from €376,132 to €404,103
of which Distributable reserves: +€32,191
- Other debts +€16,045
up €16,045 (+44.9%), from €35,718 to €51,763
- Debts after one year -€10,420
down €10,420 (-53.7%), from €19,414 to €8,995
- Gross operating margin -€234,777
down €234,777 (-78.6%), from €298,767 to €63,989
- Depreciation -€15,393
down €15,393 (-41.9%), from €36,694 to €21,301
- Financial charges -€14,096
down €14,096 (-93.0%), from €15,150 to €1,054
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €623,656 | €708,210 | +€84,554 | +13.6% |
| Fixed assets | 21/28 | €452,440 | €436,119 | -€16,320 | -3.6% |
| Tangible fixed assets | 22/27 | €452,413 | €436,093 | -€16,320 | -3.6% |
| Land and buildings | 22 | €441,113 | €428,428 | -€12,685 | -2.9% |
| Plant, machinery and equipment | 23 | €1,533 | €4,562 | +€3,029 | +198% |
| Furniture and vehicles | 24 | €9,767 | €3,103 | -€6,663 | -68.2% |
| Financial fixed assets | 28 | €26 | €26 | = | 0.0% |
| Current assets | 29/58 | €171,216 | €272,091 | +€100,874 | +58.9% |
| Amounts receivable within one year | 40/41 | €41,380 | €27,977 | -€13,403 | -32.4% |
| Trade receivables | 40 | €14,474 | €21,978 | +€7,504 | +51.8% |
| Other amounts receivable | 41 | €26,906 | €5,999 | -€20,907 | -77.7% |
| Cash at bank and in hand | 54/58 | €129,836 | €244,114 | +€114,278 | +88.0% |
| Total equity and liabilities | 10/49 | €623,656 | €708,210 | +€84,554 | +13.6% |
| Equity | 10/15 | €521,843 | €549,813 | +€27,970 | +5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €376,132 | €404,103 | +€27,970 | +7.4% |
| Tax-exempt reserves | 132 | €152,320 | €148,099 | -€4,220 | -2.8% |
| Distributable reserves | 133 | €223,813 | €256,003 | +€32,191 | +14.4% |
| Profit (loss) carried forward | 14 | €133,311 | €133,311 | = | 0.0% |
| Provisions and deferred taxes | 16 | €34,746 | €33,485 | -€1,261 | -3.6% |
| Deferred taxes | 168 | €34,746 | €33,485 | -€1,261 | -3.6% |
| Amounts payable | 17/49 | €67,067 | €124,912 | +€57,845 | +86.2% |
| Amounts payable after more than one year | 17 | €19,414 | €8,995 | -€10,420 | -53.7% |
| Financial debts | 170/4 | €19,414 | €8,995 | -€10,420 | -53.7% |
| Amounts payable within one year | 42/48 | €47,653 | €115,918 | +€68,265 | +143% |
| Current portion of amounts payable after more than one year | 42 | €10,027 | €10,420 | +€393 | +3.9% |
| Trade debts | 44 | €1,908 | €53,735 | +€51,827 | +2,717% |
| Suppliers | 440/4 | €1,908 | €53,735 | +€51,827 | +2,717% |
| Other amounts payable | 47/48 | €35,718 | €51,763 | +€16,045 | +44.9% |
| Non-recurring operating income | 76A | €192,755 | €1,052 | -€191,704 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,694 | €21,301 | -€15,393 | -41.9% |
| Other operating charges | 640/8 | €3,434 | €588 | -€2,846 | -82.9% |
| Gross operating margin | 9900 | €298,767 | €63,989 | -€234,777 | -78.6% |
| Operating profit (loss) | 9901 | €258,639 | €42,100 | -€216,538 | -83.7% |
| Financial income | 75/76B | €0 | €468 | +€467 | +311,587% |
| Recurring financial income | 75 | €0 | €468 | +€467 | +311,587% |
| Financial charges | 65/66B | €15,150 | €1,054 | -€14,096 | -93.0% |
| Recurring financial charges | 65 | €15,150 | €1,054 | -€14,096 | -93.0% |
| Profit (loss) for the period before taxes | 9903 | €243,489 | €41,514 | -€201,975 | -83.0% |
| Transfer from deferred taxes | 780 | €1,309 | €1,261 | -€48 | -3.7% |
| Transfer to deferred taxes | 680 | €36,055 | - | -€36,055 | |
| Income taxes | 67/77 | €16,777 | €14,805 | -€1,972 | -11.8% |
| Profit (loss) for the period | 9904 | €191,966 | €27,970 | -€163,996 | -85.4% |
| Transfer from tax-exempt reserves | 789 | €4,380 | €4,220 | -€160 | -3.7% |
| Transfer to tax-exempt reserves | 689 | €156,700 | - | -€156,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,647 | €32,191 | -€7,456 | -18.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.