MENCIUS: 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.
MENCIUS
Largest movements
- Receivables within one year -€31,170
no longer reported in 2025 (was €31,170)
- Cash +€8,264
up €8,264 (+148.9%), from €5,551 to €13,814
mainly Receivables within one year (+€31,170) and Depreciation (+€7,756)
- Tangible fixed assets +€7,228
up €7,228 (+6.5%), from €111,780 to €119,008
of which Plant, machinery and equipment: +€13,191
- Profit (loss) carried forward -€11,764
down €11,764 (-10.1%), from -€116,188 to -€127,952
- Reserves -€2,885
down €2,885 (-15.6%), from €18,446 to €15,561
- Other operating charges +€1,200
up €1,200 (+29.8%), from €4,027 to €5,227
- Depreciation +€131
up €131 (+1.7%), from €7,625 to €7,756
- Gross operating margin -€121
down €121 (-4.1%), from -€2,985 to -€3,107
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 | €149,386 | €133,716 | -€15,670 | -10.5% |
| Fixed assets | 21/28 | €112,446 | €119,673 | +€7,228 | +6.4% |
| Tangible fixed assets | 22/27 | €111,780 | €119,008 | +€7,228 | +6.5% |
| Land and buildings | 22 | €102,502 | €98,131 | -€4,371 | -4.3% |
| Plant, machinery and equipment | 23 | - | €13,191 | +€13,191 | |
| Other tangible fixed assets | 26 | €9,279 | €7,686 | -€1,593 | -17.2% |
| Financial fixed assets | 28 | €666 | €666 | = | 0.0% |
| Current assets | 29/58 | €36,940 | €14,042 | -€22,898 | -62.0% |
| Amounts receivable within one year | 40/41 | €31,170 | - | -€31,170 | |
| Other amounts receivable | 41 | €31,170 | - | -€31,170 | |
| Cash at bank and in hand | 54/58 | €5,551 | €13,814 | +€8,264 | +148.9% |
| Deferred charges and accrued income | 490/1 | €219 | €228 | +€9 | +3.9% |
| Total equity and liabilities | 10/49 | €149,386 | €133,716 | -€15,670 | -10.5% |
| Equity | 10/15 | -€63,819 | -€78,468 | -€14,648 | -23.0% |
| Contributions | 10/11 | €33,923 | €33,923 | = | 0.0% |
| Reserves | 13 | €18,446 | €15,561 | -€2,885 | -15.6% |
| Tax-exempt reserves | 132 | €18,446 | €15,561 | -€2,885 | -15.6% |
| Profit (loss) carried forward | 14 | -€116,188 | -€127,952 | -€11,764 | -10.1% |
| Provisions and deferred taxes | 16 | €9,493 | €8,007 | -€1,486 | -15.7% |
| Deferred taxes | 168 | €9,493 | €8,007 | -€1,486 | -15.7% |
| Amounts payable | 17/49 | €203,712 | €204,176 | +€464 | +0.2% |
| Amounts payable within one year | 42/48 | €203,712 | €204,176 | +€464 | +0.2% |
| Trade debts | 44 | - | €464 | +€464 | |
| Suppliers | 440/4 | - | €464 | +€464 | |
| Other amounts payable | 47/48 | €203,712 | €203,712 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,625 | €7,756 | +€131 | +1.7% |
| Other operating charges | 640/8 | €4,027 | €5,227 | +€1,200 | +29.8% |
| Gross operating margin | 9900 | -€2,985 | -€3,107 | -€121 | -4.1% |
| Operating profit (loss) | 9901 | -€14,637 | -€16,090 | -€1,452 | -9.9% |
| Financial charges | 65/66B | €59 | €45 | -€14 | -23.1% |
| Recurring financial charges | 65 | €59 | €45 | -€14 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,696 | -€16,135 | -€1,439 | -9.8% |
| Transfer from deferred taxes | 780 | €1,486 | €1,486 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€13,210 | -€14,648 | -€1,439 | -10.9% |
| Transfer from tax-exempt reserves | 789 | €2,885 | €2,885 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,325 | -€11,764 | -€1,439 | -13.9% |
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 2 October 2026 via checked.be.