MEND: 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.
MEND
Largest movements
- Receivables within one year +€10,412
up €10,412 (+437.5%), from €2,380 to €12,792
of which Trade receivables: +€10,674
- Tangible fixed assets -€9,142
no longer reported in 2024 (was €9,142)
of which Plant, machinery and equipment: -€8,604
- Deferred charges and accrued income +€617
up €617 (+149.4%), from €413 to €1,030
- Cash +€612
up €612 (+39.1%), from €1,565 to €2,177
mainly Investment in fixed assets (net) (+€9,142) and Other debts (+€4,570)
- Stocks and contracts +€300
up €300 (+17.6%), from €1,700 to €2,000
- Accrued charges and deferred income -€4,982
down €4,982 (-90.9%), from €5,480 to €498
- Other debts +€4,570
up €4,570 (+107.6%), from €4,247 to €8,817
- Trade debts +€2,878
up €2,878 (+1765.6%), from €163 to €3,041
- Tax, wage and social debts +€2,460
new in 2024: €2,460
- Profit (loss) carried forward -€2,127
down €2,127 (-88.7%), from -€2,399 to -€4,526
- Turnover +€14,470
up €14,470 (+156.1%), from €9,272 to €23,742
- Purchases and services +€11,073
up €11,073 (+76.2%), from €14,527 to €25,600
- Gross operating margin +€3,398
up €3,398 (+64.6%), from -€5,256 to -€1,858
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.
Cash bridge derived
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 | €15,200 | €17,999 | +€2,799 | +18.4% |
| Fixed assets | 21/28 | €9,142 | - | -€9,142 | |
| Tangible fixed assets | 22/27 | €9,142 | - | -€9,142 | |
| Plant, machinery and equipment | 23 | €8,604 | - | -€8,604 | |
| Furniture and vehicles | 24 | €538 | - | -€538 | |
| Current assets | 29/58 | €6,058 | €17,999 | +€11,941 | +197.1% |
| Stocks and contracts in progress | 3 | €1,700 | €2,000 | +€300 | +17.6% |
| Stocks | 30/36 | €1,700 | €2,000 | +€300 | +17.6% |
| Amounts receivable within one year | 40/41 | €2,380 | €12,792 | +€10,412 | +437.5% |
| Trade receivables | 40 | €2,118 | €12,792 | +€10,674 | +504.0% |
| Other amounts receivable | 41 | €262 | - | -€262 | |
| Cash at bank and in hand | 54/58 | €1,565 | €2,177 | +€612 | +39.1% |
| Deferred charges and accrued income | 490/1 | €413 | €1,030 | +€617 | +149.4% |
| Total equity and liabilities | 10/49 | €15,200 | €17,999 | +€2,799 | +18.4% |
| Equity | 10/15 | €5,310 | €3,183 | -€2,127 | -40.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,509 | €1,509 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,509 | €1,509 | = | 0.0% |
| Legal reserve | 130 | €1,509 | €1,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,399 | -€4,526 | -€2,127 | -88.7% |
| Amounts payable | 17/49 | €9,890 | €14,816 | +€4,926 | +49.8% |
| Amounts payable within one year | 42/48 | €4,410 | €14,318 | +€9,908 | +224.7% |
| Trade debts | 44 | €163 | €3,041 | +€2,878 | +1765.6% |
| Suppliers | 440/4 | €163 | €3,041 | +€2,878 | +1765.6% |
| Taxes, remuneration and social security | 45 | - | €2,460 | +€2,460 | |
| Taxes | 450/3 | - | €2,460 | +€2,460 | |
| Other amounts payable | 47/48 | €4,247 | €8,817 | +€4,570 | +107.6% |
| Accrued charges and deferred income | 492/3 | €5,480 | €498 | -€4,982 | -90.9% |
| Turnover | 70 | €9,272 | €23,742 | +€14,470 | +156.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €14,527 | €25,600 | +€11,073 | +76.2% |
| Other operating charges | 640/8 | €307 | €95 | -€212 | -69.1% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | -€5,256 | -€1,858 | +€3,398 | +64.6% |
| Operating profit (loss) | 9901 | -€5,563 | -€2,011 | +€3,552 | +63.9% |
| Financial charges | 65/66B | €62 | €116 | +€54 | +87.1% |
| Recurring financial charges | 65 | €62 | €116 | +€54 | +87.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,625 | -€2,127 | +€3,498 | +62.2% |
| Profit (loss) for the period | 9904 | -€5,625 | -€2,127 | +€3,498 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,625 | -€2,127 | +€3,498 | +62.2% |
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 10 October 2026 via checked.be.