IMMO J. 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.
IMMO J. MENTEN
Largest movements
- Current investments +€80,000
up €80,000 (+35.7%), from €224,198 to €304,198
- Receivables within one year -€39,592
down €39,592 (-19.2%), from €206,592 to €167,000
of which Other amounts receivable: -€28,999
- Tangible fixed assets -€9,118
down €9,118 (-3.4%), from €270,557 to €261,439
of which Land and buildings: -€9,026
- Reserves +€44,006
up €44,006 (+7.8%), from €562,016 to €606,022
- Other debts -€24,092
down €24,092 (-71.7%), from €33,610 to €9,518
- Gross operating margin -€7,911
down €7,911 (-7.9%), from €99,602 to €91,691
- Taxes -€2,823
down €2,823 (-15.2%), from €18,605 to €15,783
- Financial income +€1,845
up €1,845 (+26.0%), from €7,106 to €8,951
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 | €765,521 | €789,795 | +€24,274 | +3.2% |
| Fixed assets | 21/28 | €270,557 | €261,439 | -€9,118 | -3.4% |
| Tangible fixed assets | 22/27 | €270,557 | €261,439 | -€9,118 | -3.4% |
| Land and buildings | 22 | €269,292 | €260,267 | -€9,026 | -3.4% |
| Plant, machinery and equipment | 23 | €1,265 | €63 | -€1,201 | -95.0% |
| Furniture and vehicles | 24 | - | €1,109 | +€1,109 | |
| Current assets | 29/58 | €494,965 | €528,356 | +€33,392 | +6.7% |
| Amounts receivable after more than one year | 29 | - | €2,564 | +€2,564 | |
| Other amounts receivable | 291 | - | €2,564 | +€2,564 | |
| Amounts receivable within one year | 40/41 | €206,592 | €167,000 | -€39,592 | -19.2% |
| Trade receivables | 40 | €17,782 | €7,189 | -€10,593 | -59.6% |
| Other amounts receivable | 41 | €188,810 | €159,812 | -€28,999 | -15.4% |
| Current investments | 50/53 | €224,198 | €304,198 | +€80,000 | +35.7% |
| Cash at bank and in hand | 54/58 | €48,156 | €42,357 | -€5,798 | -12.0% |
| Deferred charges and accrued income | 490/1 | €16,019 | €12,236 | -€3,782 | -23.6% |
| Total equity and liabilities | 10/49 | €765,521 | €789,795 | +€24,274 | +3.2% |
| Equity | 10/15 | €705,016 | €749,022 | +€44,006 | +6.2% |
| Contributions | 10/11 | €143,000 | €143,000 | = | 0.0% |
| Reserves | 13 | €562,016 | €606,022 | +€44,006 | +7.8% |
| Distributable reserves | 133 | €562,016 | €606,022 | +€44,006 | +7.8% |
| Amounts payable | 17/49 | €60,505 | €40,773 | -€19,732 | -32.6% |
| Amounts payable within one year | 42/48 | €60,505 | €40,773 | -€19,732 | -32.6% |
| Trade debts | 44 | €8,844 | €16,162 | +€7,319 | +82.8% |
| Suppliers | 440/4 | €8,844 | €16,162 | +€7,319 | +82.8% |
| Taxes, remuneration and social security | 45 | €18,051 | €15,093 | -€2,958 | -16.4% |
| Taxes | 450/3 | €18,051 | €15,093 | -€2,958 | -16.4% |
| Other amounts payable | 47/48 | €33,610 | €9,518 | -€24,092 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,573 | €10,567 | -€6 | -0.1% |
| Other operating charges | 640/8 | €21,221 | €21,885 | +€664 | +3.1% |
| Non-recurring operating charges | 66A | €201 | €8,289 | +€8,089 | +4,029% |
| Gross operating margin | 9900 | €99,602 | €91,691 | -€7,911 | -7.9% |
| Operating profit (loss) | 9901 | €67,607 | €50,949 | -€16,658 | -24.6% |
| Financial income | 75/76B | €7,106 | €8,951 | +€1,845 | +26.0% |
| Recurring financial income | 75 | €7,106 | €8,951 | +€1,845 | +26.0% |
| Financial charges | 65/66B | €81 | €112 | +€31 | +38.4% |
| Recurring financial charges | 65 | €81 | €112 | +€31 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €74,632 | €59,788 | -€14,844 | -19.9% |
| Income taxes | 67/77 | €18,605 | €15,783 | -€2,823 | -15.2% |
| Profit (loss) for the period | 9904 | €56,027 | €44,006 | -€12,021 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,027 | €44,006 | -€12,021 | -21.5% |
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 23 October 2026 via checked.be.