MENCH INDUSTRY: 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.
MENCH INDUSTRY
Largest movements
- Receivables within one year -€426,198
down €426,198 (-23.1%), from €1.8m to €1.4m
of which Trade receivables: -€425,885
- Tangible fixed assets +€125,638
up €125,638 (+331%), from €37,919 to €163,558
of which Furniture and vehicles: +€127,665
- Stocks and contracts +€124,992
up €124,992 (+10.0%), from €1.2m to €1.4m
- Cash -€53,442
down €53,442 (-57.0%), from €93,805 to €40,362
mainly Accrued charges and deferred income (-€188,727) and Investment in fixed assets (net) (-€173,013)
- Accrued charges and deferred income -€188,727
down €188,727 (-90.8%), from €207,769 to €19,042
- Tax, wage and social debts -€131,171
down €131,171 (-51.8%), from €253,194 to €122,024
of which Taxes: -€113,618
- Profit (loss) carried forward +€67,492
up €67,492 (+235%), from €28,684 to €96,176
- Other debts +€60,887
up €60,887 (+6.0%), from €1.0m to €1.1m
- Trade debts +€52,926
up €52,926 (+6.9%), from €766,893 to €819,819
- Gross operating margin -€30,235
down €30,235 (-3.5%), from €874,960 to €844,724
- Depreciation +€20,777
up €20,777 (+78.1%), from €26,598 to €47,375
- Taxes +€18,554
up €18,554 (+82.8%), from €22,403 to €40,957
- Staff costs -€13,594
down €13,594 (-2.1%), from €655,924 to €642,330
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 | €3,830,797 | €3,601,787 | -€229,010 | -6.0% |
| Fixed assets | 21/28 | €643,469 | €769,108 | +€125,638 | +19.5% |
| Tangible fixed assets | 22/27 | €37,919 | €163,558 | +€125,638 | +331% |
| Plant, machinery and equipment | 23 | - | €4,866 | +€4,866 | |
| Furniture and vehicles | 24 | €29,266 | €156,932 | +€127,665 | +436% |
| Other tangible fixed assets | 26 | €8,653 | - | -€8,653 | |
| Assets under construction and advance payments | 27 | - | €1,760 | +€1,760 | |
| Financial fixed assets | 28 | €605,550 | €605,550 | = | 0.0% |
| Current assets | 29/58 | €3,187,328 | €2,832,680 | -€354,648 | -11.1% |
| Stocks and contracts in progress | 3 | €1,244,612 | €1,369,604 | +€124,992 | +10.0% |
| Stocks | 30/36 | €1,244,612 | €1,369,604 | +€124,992 | +10.0% |
| Amounts receivable within one year | 40/41 | €1,848,911 | €1,422,714 | -€426,198 | -23.1% |
| Trade receivables | 40 | €1,847,453 | €1,421,567 | -€425,885 | -23.1% |
| Other amounts receivable | 41 | €1,459 | €1,146 | -€312 | -21.4% |
| Cash at bank and in hand | 54/58 | €93,805 | €40,362 | -€53,442 | -57.0% |
| Total equity and liabilities | 10/49 | €3,830,797 | €3,601,787 | -€229,010 | -6.0% |
| Equity | 10/15 | €1,166,167 | €1,233,659 | +€67,492 | +5.8% |
| Contributions | 10/11 | €723,947 | €723,947 | = | 0.0% |
| Capital | 10 | €723,947 | €723,947 | = | 0.0% |
| Issued capital | 100 | €723,947 | €723,947 | = | 0.0% |
| Reserves | 13 | €413,537 | €413,537 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,785 | €26,785 | = | 0.0% |
| Legal reserve | 130 | €26,785 | €26,785 | = | 0.0% |
| Distributable reserves | 133 | €386,751 | €386,751 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,684 | €96,176 | +€67,492 | +235% |
| Amounts payable | 17/49 | €2,664,630 | €2,368,128 | -€296,502 | -11.1% |
| Amounts payable after more than one year | 17 | €236,265 | €187,200 | -€49,065 | -20.8% |
| Financial debts | 170/4 | €236,265 | €187,200 | -€49,065 | -20.8% |
| Amounts payable within one year | 42/48 | €2,220,597 | €2,161,886 | -€58,710 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €48,545 | €49,065 | +€520 | +1.1% |
| Financial debts | 43 | €129,104 | €87,232 | -€41,872 | -32.4% |
| Credit institutions | 430/8 | €129,104 | €87,232 | -€41,872 | -32.4% |
| Trade debts | 44 | €766,893 | €819,819 | +€52,926 | +6.9% |
| Suppliers | 440/4 | €766,893 | €819,819 | +€52,926 | +6.9% |
| Taxes, remuneration and social security | 45 | €253,194 | €122,024 | -€131,171 | -51.8% |
| Taxes | 450/3 | €187,908 | €74,291 | -€113,618 | -60.5% |
| Remuneration and social security | 454/9 | €65,286 | €47,733 | -€17,553 | -26.9% |
| Other amounts payable | 47/48 | €1,022,860 | €1,083,747 | +€60,887 | +6.0% |
| Accrued charges and deferred income | 492/3 | €207,769 | €19,042 | -€188,727 | -90.8% |
| Remuneration, social security and pensions | 62 | €655,924 | €642,330 | -€13,594 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,598 | €47,375 | +€20,777 | +78.1% |
| Other operating charges | 640/8 | €20,220 | €23,269 | +€3,050 | +15.1% |
| Non-recurring operating charges | 66A | €97,850 | - | -€97,850 | |
| Gross operating margin | 9900 | €874,960 | €844,724 | -€30,235 | -3.5% |
| Operating profit (loss) | 9901 | €74,368 | €131,750 | +€57,382 | +77.2% |
| Financial income | 75/76B | €327 | €577 | +€250 | +76.5% |
| Recurring financial income | 75 | €327 | €577 | +€250 | +76.5% |
| Financial charges | 65/66B | €23,608 | €23,878 | +€270 | +1.1% |
| Recurring financial charges | 65 | €23,608 | €23,878 | +€270 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €51,087 | €108,449 | +€57,362 | +112% |
| Income taxes | 67/77 | €22,403 | €40,957 | +€18,554 | +82.8% |
| Profit (loss) for the period | 9904 | €28,684 | €67,492 | +€38,808 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €28,684 | €67,492 | +€38,808 | +135% |
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 24 October 2026 via checked.be.