MenCSol: 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.
MenCSol
Largest movements
- Tangible fixed assets +€824,792
up €824,792 (+21,677%), from €3,805 to €828,597
of which Land and buildings: +€802,659
- Cash -€143,168
down €143,168 (-81.6%), from €175,430 to €32,262
mainly Investment in fixed assets (net) (-€846,688) and Receivables within one year (-€12,352)
- Receivables within one year +€12,352
up €12,352 (+81.5%), from €15,149 to €27,501
of which Other amounts receivable: +€10,933
- Debts after one year +€542,521
up €542,521 (+10,584%), from €5,126 to €547,647
- Other debts +€106,822
up €106,822 (+271%), from €39,367 to €146,189
- Current portion of long-term debt +€39,507
up €39,507 (+199%), from €19,874 to €59,381
- Gross operating margin -€23,865
down €23,865 (-33.8%), from €70,688 to €46,824
- Depreciation +€19,751
up €19,751 (+921%), from €2,145 to €21,896
- Taxes -€15,946
down €15,946 (-85.2%), from €18,727 to €2,781
- Financial charges +€14,390
up €14,390 (+516%), from €2,791 to €17,181
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 | €196,377 | €888,360 | +€691,983 | +352% |
| Fixed assets | 21/28 | €3,805 | €828,597 | +€824,792 | +21,677% |
| Tangible fixed assets | 22/27 | €3,805 | €828,597 | +€824,792 | +21,677% |
| Land and buildings | 22 | €3,609 | €806,268 | +€802,659 | +22,238% |
| Furniture and vehicles | 24 | €196 | €22,329 | +€22,133 | +11,321% |
| Current assets | 29/58 | €192,572 | €59,763 | -€132,809 | -69.0% |
| Amounts receivable within one year | 40/41 | €15,149 | €27,501 | +€12,352 | +81.5% |
| Trade receivables | 40 | €13,823 | €15,242 | +€1,419 | +10.3% |
| Other amounts receivable | 41 | €1,326 | €12,259 | +€10,933 | +825% |
| Cash at bank and in hand | 54/58 | €175,430 | €32,262 | -€143,168 | -81.6% |
| Deferred charges and accrued income | 490/1 | €1,993 | €0 | -€1,993 | -100% |
| Total equity and liabilities | 10/49 | €196,377 | €888,360 | +€691,983 | +352% |
| Equity | 10/15 | €125,373 | €129,324 | +€3,952 | +3.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €114,788 | €118,739 | +€3,952 | +3.4% |
| Distributable reserves | 133 | €114,788 | €118,739 | +€3,952 | +3.4% |
| Profit (loss) carried forward | 14 | -€1,815 | -€1,815 | = | 0.0% |
| Amounts payable | 17/49 | €71,005 | €759,036 | +€688,032 | +969% |
| Amounts payable after more than one year | 17 | €5,126 | €547,647 | +€542,521 | +10,584% |
| Financial debts | 170/4 | €5,126 | €547,647 | +€542,521 | +10,584% |
| Amounts payable within one year | 42/48 | €65,844 | €211,389 | +€145,545 | +221% |
| Current portion of amounts payable after more than one year | 42 | €19,874 | €59,381 | +€39,507 | +199% |
| Trade debts | 44 | €3,162 | €243 | -€2,919 | -92.3% |
| Suppliers | 440/4 | €3,162 | €243 | -€2,919 | -92.3% |
| Taxes, remuneration and social security | 45 | €3,441 | €5,576 | +€2,135 | +62.0% |
| Taxes | 450/3 | €3,441 | €5,576 | +€2,135 | +62.0% |
| Other amounts payable | 47/48 | €39,367 | €146,189 | +€106,822 | +271% |
| Accrued charges and deferred income | 492/3 | €34 | €0 | -€34 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,145 | €21,896 | +€19,751 | +921% |
| Other operating charges | 640/8 | €1,011 | €1,016 | +€5 | +0.5% |
| Gross operating margin | 9900 | €70,688 | €46,824 | -€23,865 | -33.8% |
| Operating profit (loss) | 9901 | €67,533 | €23,912 | -€43,621 | -64.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,791 | €17,181 | +€14,390 | +516% |
| Recurring financial charges | 65 | €2,791 | €17,181 | +€14,390 | +516% |
| Profit (loss) for the period before taxes | 9903 | €64,742 | €6,732 | -€58,010 | -89.6% |
| Income taxes | 67/77 | €18,727 | €2,781 | -€15,946 | -85.2% |
| Profit (loss) for the period | 9904 | €46,015 | €3,952 | -€42,064 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,015 | €3,952 | -€42,064 | -91.4% |
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 13 October 2026 via checked.be.