MEAN MANAGEMENT: 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.
MEAN MANAGEMENT
Largest movements
- Receivables after one year -€115,000
down €115,000 (-50.8%), from €226,250 to €111,250
- Cash +€68,502
up €68,502 (+51.6%), from €132,726 to €201,228
mainly Receivables after one year (+€115,000) and Net result for the year (+€43,228)
- Receivables within one year -€21,169
down €21,169 (-23.8%), from €89,118 to €67,949
of which Trade receivables: -€18,739
- Tangible fixed assets +€11,089
up €11,089 (+4.4%), from €254,045 to €265,134
of which Furniture and vehicles: +€21,041
- Intangible fixed assets -€10,000
down €10,000 (-92.3%), from €10,833 to €833
- Contributions -€115,000
down €115,000 (-95.8%), from €120,000 to €5,000
- Reserves +€43,228
up €43,228 (+9.2%), from €471,120 to €514,349
- Tax, wage and social debts +€8,606
up €8,606 (+95.4%), from €9,016 to €17,622
of which Taxes: +€11,587
- Gross operating margin -€14,846
down €14,846 (-11.9%), from €124,684 to €109,838
- Depreciation +€10,476
up €10,476 (+35.9%), from €29,155 to €39,632
- Taxes -€8,331
down €8,331 (-30.4%), from €27,431 to €19,100
- Financial income -€4,334
down €4,334 (-82.4%), from €5,257 to €923
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 | €750,398 | €687,804 | -€62,594 | -8.3% |
| Fixed assets | 21/28 | €264,878 | €265,967 | +€1,089 | +0.4% |
| Intangible fixed assets | 21 | €10,833 | €833 | -€10,000 | -92.3% |
| Tangible fixed assets | 22/27 | €254,045 | €265,134 | +€11,089 | +4.4% |
| Land and buildings | 22 | €227,393 | €221,410 | -€5,983 | -2.6% |
| Plant, machinery and equipment | 23 | €11,838 | €7,868 | -€3,970 | -33.5% |
| Furniture and vehicles | 24 | €14,814 | €35,855 | +€21,041 | +142.0% |
| Current assets | 29/58 | €485,520 | €421,837 | -€63,683 | -13.1% |
| Amounts receivable after more than one year | 29 | €226,250 | €111,250 | -€115,000 | -50.8% |
| Other amounts receivable | 291 | €226,250 | €111,250 | -€115,000 | -50.8% |
| Amounts receivable within one year | 40/41 | €89,118 | €67,949 | -€21,169 | -23.8% |
| Trade receivables | 40 | €79,239 | €60,500 | -€18,739 | -23.6% |
| Other amounts receivable | 41 | €9,879 | €7,449 | -€2,430 | -24.6% |
| Current investments | 50/53 | €34,932 | €34,932 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €132,726 | €201,228 | +€68,502 | +51.6% |
| Deferred charges and accrued income | 490/1 | €2,494 | €6,478 | +€3,984 | +159.7% |
| Total equity and liabilities | 10/49 | €750,398 | €687,804 | -€62,594 | -8.3% |
| Equity | 10/15 | €591,120 | €519,349 | -€71,772 | -12.1% |
| Contributions | 10/11 | €120,000 | €5,000 | -€115,000 | -95.8% |
| Reserves | 13 | €471,120 | €514,349 | +€43,228 | +9.2% |
| Distributable reserves | 133 | €471,120 | €514,349 | +€43,228 | +9.2% |
| Amounts payable | 17/49 | €159,278 | €168,455 | +€9,177 | +5.8% |
| Amounts payable after more than one year | 17 | €110,927 | €108,791 | -€2,135 | -1.9% |
| Financial debts | 170/4 | €85,927 | €88,791 | +€2,865 | +3.3% |
| Other amounts payable | 178/9 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Amounts payable within one year | 42/48 | €47,119 | €58,071 | +€10,952 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €33,542 | €38,453 | +€4,911 | +14.6% |
| Trade debts | 44 | €2,383 | €337 | -€2,045 | -85.8% |
| Suppliers | 440/4 | €2,383 | €337 | -€2,045 | -85.8% |
| Taxes, remuneration and social security | 45 | €9,016 | €17,622 | +€8,606 | +95.4% |
| Taxes | 450/3 | €6,034 | €17,622 | +€11,587 | +192.0% |
| Remuneration and social security | 454/9 | €2,982 | - | -€2,982 | |
| Other amounts payable | 47/48 | €2,178 | €1,659 | -€519 | -23.8% |
| Accrued charges and deferred income | 492/3 | €1,232 | €1,593 | +€361 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,155 | €39,632 | +€10,476 | +35.9% |
| Other operating charges | 640/8 | €3,515 | €4,547 | +€1,032 | +29.4% |
| Gross operating margin | 9900 | €124,684 | €109,838 | -€14,846 | -11.9% |
| Operating profit (loss) | 9901 | €92,014 | €65,659 | -€26,355 | -28.6% |
| Financial income | 75/76B | €5,257 | €923 | -€4,334 | -82.4% |
| Recurring financial income | 75 | €5,257 | €923 | -€4,334 | -82.4% |
| Financial charges | 65/66B | €3,575 | €4,254 | +€679 | +19.0% |
| Recurring financial charges | 65 | €3,575 | €4,254 | +€679 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €93,696 | €62,328 | -€31,368 | -33.5% |
| Income taxes | 67/77 | €27,431 | €19,100 | -€8,331 | -30.4% |
| Profit (loss) for the period | 9904 | €66,265 | €43,228 | -€23,036 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,265 | €43,228 | -€23,036 | -34.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.