M.E.N. Vision: 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.
M.E.N. Vision
Largest movements
- Tangible fixed assets -€9,648
down €9,648 (-3.5%), from €274,768 to €265,120
of which Land and buildings: -€7,413
- Cash -€6,584
down €6,584 (-19.3%), from €34,053 to €27,469
mainly Debts after one year (-€16,572) and Tax, wage and social debts (-€12,492)
- Debts after one year -€16,572
down €16,572 (-7.9%), from €208,900 to €192,328
- Tax, wage and social debts -€12,492
down €12,492 (-73.1%), from €17,091 to €4,599
- Profit (loss) carried forward +€10,106
up €10,106 (+6.4%), from €157,249 to €167,355
- Gross operating margin -€31,853
down €31,853 (-50.4%), from €63,153 to €31,300
- Other operating charges +€1,869
up €1,869 (+139%), from €1,346 to €3,214
- Financial charges -€1,794
down €1,794 (-30.6%), from €5,865 to €4,071
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €549,361 | €530,691 | -€18,669 | -3.4% |
| Fixed assets | 21/28 | €473,168 | €463,520 | -€9,648 | -2.0% |
| Tangible fixed assets | 22/27 | €274,768 | €265,120 | -€9,648 | -3.5% |
| Land and buildings | 22 | €264,798 | €257,385 | -€7,413 | -2.8% |
| Plant, machinery and equipment | 23 | €1,732 | €1,557 | -€175 | -10.1% |
| Other tangible fixed assets | 26 | €8,238 | €6,178 | -€2,059 | -25.0% |
| Financial fixed assets | 28 | €198,400 | €198,400 | = | 0.0% |
| Current assets | 29/58 | €76,192 | €67,171 | -€9,022 | -11.8% |
| Amounts receivable within one year | 40/41 | €42,139 | €39,701 | -€2,438 | -5.8% |
| Trade receivables | 40 | €42,139 | €38,175 | -€3,964 | -9.4% |
| Other amounts receivable | 41 | - | €1,526 | +€1,526 | |
| Cash at bank and in hand | 54/58 | €34,053 | €27,469 | -€6,584 | -19.3% |
| Total equity and liabilities | 10/49 | €549,361 | €530,691 | -€18,669 | -3.4% |
| Equity | 10/15 | €190,249 | €200,355 | +€10,106 | +5.3% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,249 | €167,355 | +€10,106 | +6.4% |
| Amounts payable | 17/49 | €359,112 | €330,336 | -€28,776 | -8.0% |
| Amounts payable after more than one year | 17 | €208,900 | €192,328 | -€16,572 | -7.9% |
| Financial debts | 170/4 | €208,900 | €192,328 | -€16,572 | -7.9% |
| Amounts payable within one year | 42/48 | €127,520 | €115,317 | -€12,204 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €17,857 | €16,572 | -€1,285 | -7.2% |
| Trade debts | 44 | €827 | €214 | -€613 | -74.1% |
| Suppliers | 440/4 | €827 | €214 | -€613 | -74.1% |
| Advances received on contracts in progress | 46 | - | €2,186 | +€2,186 | |
| Taxes, remuneration and social security | 45 | €17,091 | €4,599 | -€12,492 | -73.1% |
| Taxes | 450/3 | €17,091 | €4,599 | -€12,492 | -73.1% |
| Other amounts payable | 47/48 | €91,746 | €91,746 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €22,692 | €22,692 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,491 | €9,648 | +€157 | +1.7% |
| Other operating charges | 640/8 | €1,346 | €3,214 | +€1,869 | +139% |
| Gross operating margin | 9900 | €63,153 | €31,300 | -€31,853 | -50.4% |
| Operating profit (loss) | 9901 | €52,316 | €18,438 | -€33,878 | -64.8% |
| Financial charges | 65/66B | €5,865 | €4,071 | -€1,794 | -30.6% |
| Recurring financial charges | 65 | €5,865 | €4,071 | -€1,794 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €46,451 | €14,367 | -€32,084 | -69.1% |
| Income taxes | 67/77 | €4,373 | €4,261 | -€112 | -2.6% |
| Profit (loss) for the period | 9904 | €42,078 | €10,106 | -€31,972 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,078 | €10,106 | -€31,972 | -76.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.