MEN TAX: 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.
MEN TAX
Largest movements
- Receivables within one year +€32,027
up €32,027 (+292%), from €10,978 to €43,005
of which Other amounts receivable: +€30,468
- Cash -€8,422
down €8,422 (-68.7%), from €12,251 to €3,830
mainly Receivables within one year (-€32,027) and Other debts (-€17,970)
- Tangible fixed assets -€3,263
down €3,263 (-19.5%), from €16,748 to €13,485
of which Furniture and vehicles: -€3,177
- Stocks and contracts -€1,200
down €1,200 (-80.5%), from €1,490 to €290
- Other debts -€17,970
down €17,970 (-63.6%), from €28,258 to €10,288
- Profit (loss) carried forward +€16,982
up €16,982 (+255%), from €6,648 to €23,630
- Trade debts +€12,404
up €12,404 (+308%), from €4,031 to €16,436
- Tax, wage and social debts +€7,669
up €7,669 (+123%), from €6,213 to €13,882
of which Taxes: +€5,222
- Staff costs -€15,860
down €15,860 (-37.6%), from €42,227 to €26,367
- Other operating charges -€9,230
down €9,230 (-78.3%), from €11,789 to €2,559
- Gross operating margin -€8,954
down €8,954 (-12.8%), from €69,827 to €60,872
- Taxes +€5,661
new in 2024: €5,661
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 | €52,166 | €71,251 | +€19,085 | +36.6% |
| Fixed assets | 21/28 | €27,377 | €23,542 | -€3,835 | -14.0% |
| Intangible fixed assets | 21 | €3,429 | €2,857 | -€571 | -16.7% |
| Tangible fixed assets | 22/27 | €16,748 | €13,485 | -€3,263 | -19.5% |
| Furniture and vehicles | 24 | €16,013 | €12,836 | -€3,177 | -19.8% |
| Other tangible fixed assets | 26 | €735 | €649 | -€87 | -11.8% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €24,790 | €47,710 | +€22,920 | +92.5% |
| Stocks and contracts in progress | 3 | €1,490 | €290 | -€1,200 | -80.5% |
| Stocks | 30/36 | €1,490 | €290 | -€1,200 | -80.5% |
| Amounts receivable within one year | 40/41 | €10,978 | €43,005 | +€32,027 | +292% |
| Trade receivables | 40 | €693 | €2,252 | +€1,559 | +225% |
| Other amounts receivable | 41 | €10,286 | €40,754 | +€30,468 | +296% |
| Cash at bank and in hand | 54/58 | €12,251 | €3,830 | -€8,422 | -68.7% |
| Deferred charges and accrued income | 490/1 | €70 | €585 | +€515 | +736% |
| Total equity and liabilities | 10/49 | €52,166 | €71,251 | +€19,085 | +36.6% |
| Equity | 10/15 | €13,663 | €30,646 | +€16,982 | +124% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €816 | €816 | = | 0.0% |
| Non-distributable reserves | 130/1 | €816 | €816 | = | 0.0% |
| Reserves not available under the articles | 1311 | €816 | €816 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,648 | €23,630 | +€16,982 | +255% |
| Amounts payable | 17/49 | €38,503 | €40,606 | +€2,103 | +5.5% |
| Amounts payable within one year | 42/48 | €38,503 | €40,606 | +€2,103 | +5.5% |
| Trade debts | 44 | €4,031 | €16,436 | +€12,404 | +308% |
| Suppliers | 440/4 | €4,031 | €16,436 | +€12,404 | +308% |
| Taxes, remuneration and social security | 45 | €6,213 | €13,882 | +€7,669 | +123% |
| Taxes | 450/3 | €439 | €5,661 | +€5,222 | +1,190% |
| Remuneration and social security | 454/9 | €5,775 | €8,222 | +€2,447 | +42.4% |
| Other amounts payable | 47/48 | €28,258 | €10,288 | -€17,970 | -63.6% |
| Remuneration, social security and pensions | 62 | €42,227 | €26,367 | -€15,860 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,835 | €3,835 | = | 0.0% |
| Other operating charges | 640/8 | €11,789 | €2,559 | -€9,230 | -78.3% |
| Gross operating margin | 9900 | €69,827 | €60,872 | -€8,954 | -12.8% |
| Operating profit (loss) | 9901 | €11,976 | €28,112 | +€16,136 | +135% |
| Financial charges | 65/66B | €5,878 | €5,469 | -€409 | -7.0% |
| Recurring financial charges | 65 | €5,878 | €5,469 | -€409 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €6,097 | €22,643 | +€16,546 | +271% |
| Income taxes | 67/77 | - | €5,661 | +€5,661 | |
| Profit (loss) for the period | 9904 | €6,097 | €16,982 | +€10,885 | +179% |
| Profit (loss) for the period to be appropriated | 9905 | €6,097 | €16,982 | +€10,885 | +179% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.