HANS MENTEN: 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.
HANS MENTEN
Largest movements
- Receivables within one year +€57,602
up €57,602 (+88.7%), from €64,922 to €122,524
of which Trade receivables: +€57,700
- Deferred charges and accrued income -€5,000
down €5,000 (-99.5%), from €5,024 to €24
- Reserves +€72,471
up €72,471 (+53.5%), from €135,468 to €207,939
- Debts after one year -€36,389
down €36,389 (-23.5%), from €154,684 to €118,295
- Other debts +€13,526
up €13,526 (+39.4%), from €34,288 to €47,814
- Accrued charges and deferred income -€6,433
down €6,433 (-94.1%), from €6,833 to €400
- Tax, wage and social debts +€5,260
up €5,260 (+10.5%), from €50,091 to €55,351
- Gross operating margin +€67,633
up €67,633 (+167%), from €40,468 to €108,101
- Taxes +€17,720
up €17,720 (+188%), from €9,449 to €27,169
- Financial charges -€3,069
down €3,069 (-30.3%), from €10,128 to €7,060
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.
Derived cash bridge
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 | €432,539 | €485,536 | +€52,997 | +12.3% |
| Fixed assets | 21/28 | €311,086 | €309,995 | -€1,091 | -0.4% |
| Tangible fixed assets | 22/27 | €1,611 | €520 | -€1,091 | -67.7% |
| Plant, machinery and equipment | 23 | €1,611 | €520 | -€1,091 | -67.7% |
| Financial fixed assets | 28 | €309,475 | €309,475 | = | 0.0% |
| Current assets | 29/58 | €121,453 | €175,541 | +€54,088 | +44.5% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,922 | €122,524 | +€57,602 | +88.7% |
| Trade receivables | 40 | €64,824 | €122,524 | +€57,700 | +89.0% |
| Other amounts receivable | 41 | €98 | €0 | -€98 | -100% |
| Cash at bank and in hand | 54/58 | €1,506 | €2,992 | +€1,486 | +98.6% |
| Deferred charges and accrued income | 490/1 | €5,024 | €24 | -€5,000 | -99.5% |
| Total equity and liabilities | 10/49 | €432,539 | €485,536 | +€52,997 | +12.3% |
| Equity | 10/15 | €147,868 | €220,339 | +€72,471 | +49.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €135,468 | €207,939 | +€72,471 | +53.5% |
| Distributable reserves | 133 | €135,468 | €207,939 | +€72,471 | +53.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €284,671 | €265,197 | -€19,473 | -6.8% |
| Amounts payable after more than one year | 17 | €154,684 | €118,295 | -€36,389 | -23.5% |
| Financial debts | 170/4 | €154,684 | €118,295 | -€36,389 | -23.5% |
| Amounts payable within one year | 42/48 | €123,154 | €146,503 | +€23,349 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €38,749 | €39,395 | +€645 | +1.7% |
| Trade debts | 44 | €26 | €3,943 | +€3,917 | +15,089% |
| Suppliers | 440/4 | €26 | €3,943 | +€3,917 | +15,089% |
| Taxes, remuneration and social security | 45 | €50,091 | €55,351 | +€5,260 | +10.5% |
| Taxes | 450/3 | €50,091 | €55,351 | +€5,260 | +10.5% |
| Other amounts payable | 47/48 | €34,288 | €47,814 | +€13,526 | +39.4% |
| Accrued charges and deferred income | 492/3 | €6,833 | €400 | -€6,433 | -94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,091 | €1,091 | = | 0.0% |
| Other operating charges | 640/8 | €503 | €311 | -€192 | -38.1% |
| Gross operating margin | 9900 | €40,468 | €108,101 | +€67,633 | +167% |
| Operating profit (loss) | 9901 | €38,875 | €106,699 | +€67,825 | +174% |
| Financial income | 75/76B | €532 | €0 | -€532 | -100% |
| Recurring financial income | 75 | €532 | €0 | -€532 | -100% |
| Financial charges | 65/66B | €10,128 | €7,060 | -€3,069 | -30.3% |
| Recurring financial charges | 65 | €10,128 | €7,060 | -€3,069 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €29,278 | €99,639 | +€70,361 | +240% |
| Income taxes | 67/77 | €9,449 | €27,169 | +€17,720 | +188% |
| Profit (loss) for the period | 9904 | €19,829 | €72,471 | +€52,641 | +265% |
| Profit (loss) for the period to be appropriated | 9905 | €19,829 | €72,471 | +€52,641 | +265% |
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 21 October 2026 via checked.be.