M-MENTOR: 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.
M-MENTOR
Largest movements
- Tangible fixed assets -€10,413
down €10,413 (-53.7%), from €19,398 to €8,985
of which Furniture and vehicles: -€10,413
- Receivables within one year -€9,620
down €9,620 (-69.5%), from €13,840 to €4,221
of which Other amounts receivable: -€6,383
- Cash +€9,376
up €9,376 (+8705.7%), from €108 to €9,484
mainly Depreciation (+€10,413) and Receivables within one year (+€9,620)
- Receivables after one year -€3,716
down €3,716 (-5.6%), from €66,204 to €62,488
- Other debts -€9,686
down €9,686 (-39.8%), from €24,339 to €14,653
- Trade debts -€2,751
down €2,751 (-85.3%), from €3,224 to €473
- Short-term financial debts -€2,045
no longer reported in 2025 (was €2,045)
- Gross operating margin +€22,107
up €22,107, from -€12,118 to €9,989
- Depreciation -€1,206
down €1,206 (-10.4%), from €11,619 to €10,413
- Financial charges -€419
down €419 (-37.8%), from €1,106 to €687
- Other operating charges -€406
down €406 (-34.0%), from €1,195 to €789
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 | €100,128 | €85,926 | -€14,203 | -14.2% |
| Fixed assets | 21/28 | €19,398 | €8,985 | -€10,413 | -53.7% |
| Tangible fixed assets | 22/27 | €19,398 | €8,985 | -€10,413 | -53.7% |
| Furniture and vehicles | 24 | €14,898 | €4,485 | -€10,413 | -69.9% |
| Other tangible fixed assets | 26 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €80,731 | €76,941 | -€3,790 | -4.7% |
| Amounts receivable after more than one year | 29 | €66,204 | €62,488 | -€3,716 | -5.6% |
| Other amounts receivable | 291 | €66,204 | €62,488 | -€3,716 | -5.6% |
| Amounts receivable within one year | 40/41 | €13,840 | €4,221 | -€9,620 | -69.5% |
| Trade receivables | 40 | €3,360 | €123 | -€3,237 | -96.3% |
| Other amounts receivable | 41 | €10,480 | €4,097 | -€6,383 | -60.9% |
| Cash at bank and in hand | 54/58 | €108 | €9,484 | +€9,376 | +8705.7% |
| Deferred charges and accrued income | 490/1 | €579 | €748 | +€170 | +29.4% |
| Total equity and liabilities | 10/49 | €100,128 | €85,926 | -€14,203 | -14.2% |
| Equity | 10/15 | €70,520 | €70,620 | +€99 | +0.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €103,660 | €103,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €101,800 | €101,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,540 | -€45,440 | +€99 | +0.2% |
| Amounts payable | 17/49 | €29,608 | €15,306 | -€14,302 | -48.3% |
| Amounts payable within one year | 42/48 | €29,608 | €15,306 | -€14,302 | -48.3% |
| Financial debts | 43 | €2,045 | - | -€2,045 | |
| Credit institutions | 430/8 | €2,045 | - | -€2,045 | |
| Trade debts | 44 | €3,224 | €473 | -€2,751 | -85.3% |
| Suppliers | 440/4 | €3,224 | €473 | -€2,751 | -85.3% |
| Taxes, remuneration and social security | 45 | - | €180 | +€180 | |
| Taxes | 450/3 | - | €180 | +€180 | |
| Other amounts payable | 47/48 | €24,339 | €14,653 | -€9,686 | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,619 | €10,413 | -€1,206 | -10.4% |
| Other operating charges | 640/8 | €1,195 | €789 | -€406 | -34.0% |
| Gross operating margin | 9900 | -€12,118 | €9,989 | +€22,107 | |
| Operating profit (loss) | 9901 | -€24,932 | -€1,213 | +€23,719 | +95.1% |
| Financial income | 75/76B | €2,191 | €2,190 | -€2 | -0.1% |
| Recurring financial income | 75 | €2,191 | €2,190 | -€2 | -0.1% |
| Financial charges | 65/66B | €1,106 | €687 | -€419 | -37.8% |
| Recurring financial charges | 65 | €1,106 | €687 | -€419 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,846 | €289 | +€24,135 | |
| Income taxes | 67/77 | €123 | €190 | +€67 | +54.1% |
| Profit (loss) for the period | 9904 | -€23,969 | €99 | +€24,069 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,969 | €99 | +€24,069 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.