Mend T&L: 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 T&L
Largest movements
- Tangible fixed assets +€97,795
up €97,795 (+428%), from €22,858 to €120,652
of which Land and buildings: +€90,677
- Cash -€60,545
down €60,545 (-51.6%), from €117,269 to €56,725
mainly Contributions, distributions and other (-€144,600) and Investment in fixed assets (net) (-€131,254)
- Financial fixed assets +€14,949
up €14,949 (+9.8%), from €152,777 to €167,726
- Reserves -€93,965
down €93,965 (-78.4%), from €119,885 to €25,920
- Other debts +€77,490
up €77,490 (+10,210%), from €759 to €78,249
- Debts after one year +€39,913
up €39,913 (+34.0%), from €117,414 to €157,327
- Tax, wage and social debts +€22,226
up €22,226 (+74.9%), from €29,680 to €51,906
of which Taxes: +€22,392
- Current portion of long-term debt +€6,255
up €6,255 (+19.9%), from €31,489 to €37,743
- Turnover -€153,194
no longer reported in 2025 (was €153,194)
- Purchases and services -€67,572
no longer reported in 2025 (was €67,572)
- Gross operating margin +€7,084
up €7,084 (+8.3%), from €85,622 to €92,706
- Taxes -€5,541
down €5,541 (-32.0%), from €17,298 to €11,757
- Depreciation +€5,062
up €5,062 (+37.6%), from €13,448 to €18,510
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 | €305,836 | €357,807 | +€51,971 | +17.0% |
| Fixed assets | 21/28 | €175,634 | €288,378 | +€112,744 | +64.2% |
| Tangible fixed assets | 22/27 | €22,858 | €120,652 | +€97,795 | +428% |
| Land and buildings | 22 | €165 | €90,843 | +€90,677 | +54,816% |
| Plant, machinery and equipment | 23 | €318 | €0 | -€318 | -100% |
| Furniture and vehicles | 24 | €22,030 | €8,824 | -€13,206 | -59.9% |
| Other tangible fixed assets | 26 | €344 | €20,986 | +€20,642 | +5,994% |
| Financial fixed assets | 28 | €152,777 | €167,726 | +€14,949 | +9.8% |
| Current assets | 29/58 | €130,202 | €69,429 | -€60,773 | -46.7% |
| Amounts receivable within one year | 40/41 | €12,932 | €12,500 | -€432 | -3.3% |
| Trade receivables | 40 | €12,500 | €12,500 | = | 0.0% |
| Other amounts receivable | 41 | €432 | €0 | -€432 | -100% |
| Cash at bank and in hand | 54/58 | €117,269 | €56,725 | -€60,545 | -51.6% |
| Deferred charges and accrued income | 490/1 | - | €204 | +€204 | |
| Total equity and liabilities | 10/49 | €305,836 | €357,807 | +€51,971 | +17.0% |
| Equity | 10/15 | €122,885 | €28,920 | -€93,965 | -76.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €119,885 | €25,920 | -€93,965 | -78.4% |
| Distributable reserves | 133 | €119,885 | €25,920 | -€93,965 | -78.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €182,951 | €328,886 | +€145,936 | +79.8% |
| Amounts payable after more than one year | 17 | €117,414 | €157,327 | +€39,913 | +34.0% |
| Financial debts | 170/4 | €117,414 | €157,327 | +€39,913 | +34.0% |
| Amounts payable within one year | 42/48 | €65,537 | €169,583 | +€104,046 | +159% |
| Current portion of amounts payable after more than one year | 42 | €31,489 | €37,743 | +€6,255 | +19.9% |
| Trade debts | 44 | €3,609 | €1,684 | -€1,925 | -53.3% |
| Suppliers | 440/4 | €3,609 | €1,684 | -€1,925 | -53.3% |
| Taxes, remuneration and social security | 45 | €29,680 | €51,906 | +€22,226 | +74.9% |
| Taxes | 450/3 | €26,478 | €48,871 | +€22,392 | +84.6% |
| Remuneration and social security | 454/9 | €3,202 | €3,036 | -€166 | -5.2% |
| Other amounts payable | 47/48 | €759 | €78,249 | +€77,490 | +10,210% |
| Accrued charges and deferred income | 492/3 | - | €1,977 | +€1,977 | |
| Turnover | 70 | €153,194 | - | -€153,194 | |
| Goods, raw materials, services and sundry goods | 60/61 | €67,572 | - | -€67,572 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,448 | €18,510 | +€5,062 | +37.6% |
| Other operating charges | 640/8 | €2,401 | €2,921 | +€520 | +21.7% |
| Gross operating margin | 9900 | €85,622 | €92,706 | +€7,084 | +8.3% |
| Operating profit (loss) | 9901 | €69,772 | €71,275 | +€1,503 | +2.2% |
| Financial income | 75/76B | - | €106 | +€106 | |
| Recurring financial income | 75 | - | €106 | +€106 | |
| Financial charges | 65/66B | €6,875 | €8,988 | +€2,113 | +30.7% |
| Recurring financial charges | 65 | €6,875 | €8,988 | +€2,113 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €62,897 | €62,393 | -€505 | -0.8% |
| Income taxes | 67/77 | €17,298 | €11,757 | -€5,541 | -32.0% |
| Profit (loss) for the period | 9904 | €45,599 | €50,635 | +€5,036 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,599 | €50,635 | +€5,036 | +11.0% |
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 21 October 2026 via checked.be.