MENDES SERVICE: what changed
MENDES SERVICE
Largest movements
- Receivables within one year +€12,973
up €12,973 (+121%), from €10,704 to €23,677
of which Trade receivables: +€11,674
- Cash -€1,654
down €1,654 (-11.4%), from €14,496 to €12,842
mainly Receivables within one year (-€12,973) and Investment in fixed assets (net) (-€590)
- Tangible fixed assets -€1,600
down €1,600 (-50.0%), from €3,200 to €1,600
- Financial fixed assets +€590
new in 2025: €590
- Tax, wage and social debts +€5,135
up €5,135 (+96.4%), from €5,325 to €10,460
of which Remuneration and social security: +€5,190
- Trade debts +€2,489
up €2,489 (+486%), from €512 to €3,001
- Profit (loss) carried forward +€1,563
up €1,563 (+7.8%), from €20,063 to €21,626
- Short-term financial debts +€1,122
new in 2025: €1,122
- Gross operating margin -€18,680
down €18,680 (-61.7%), from €30,280 to €11,600
- Other operating charges -€5,147
down €5,147 (-59.0%), from €8,727 to €3,580
- Taxes -€3,580
down €3,580 (-67.2%), from €5,325 to €1,745
- Financial charges -€1,606
down €1,606 (-53.9%), from €2,981 to €1,376
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,400 | €38,709 | +€10,309 | +36.3% |
| Fixed assets | 21/28 | €3,200 | €2,190 | -€1,010 | -31.6% |
| Tangible fixed assets | 22/27 | €3,200 | €1,600 | -€1,600 | -50.0% |
| Furniture and vehicles | 24 | €3,200 | €1,600 | -€1,600 | -50.0% |
| Financial fixed assets | 28 | - | €590 | +€590 | |
| Current assets | 29/58 | €25,200 | €36,519 | +€11,319 | +44.9% |
| Amounts receivable within one year | 40/41 | €10,704 | €23,677 | +€12,973 | +121% |
| Trade receivables | 40 | €2,571 | €14,245 | +€11,674 | +454% |
| Other amounts receivable | 41 | €8,133 | €9,432 | +€1,299 | +16.0% |
| Cash at bank and in hand | 54/58 | €14,496 | €12,842 | -€1,654 | -11.4% |
| Total equity and liabilities | 10/49 | €28,400 | €38,709 | +€10,309 | +36.3% |
| Equity | 10/15 | €22,563 | €24,126 | +€1,563 | +6.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,063 | €21,626 | +€1,563 | +7.8% |
| Amounts payable | 17/49 | €5,837 | €14,583 | +€8,746 | +150% |
| Amounts payable within one year | 42/48 | €5,837 | €14,583 | +€8,746 | +150% |
| Financial debts | 43 | - | €1,122 | +€1,122 | |
| Credit institutions | 430/8 | - | €1,122 | +€1,122 | |
| Trade debts | 44 | €512 | €3,001 | +€2,489 | +486% |
| Suppliers | 440/4 | €512 | €3,001 | +€2,489 | +486% |
| Taxes, remuneration and social security | 45 | €5,325 | €10,460 | +€5,135 | +96.4% |
| Taxes | 450/3 | €5,325 | €5,270 | -€55 | -1.0% |
| Remuneration and social security | 454/9 | - | €5,190 | +€5,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,600 | €1,600 | = | 0.0% |
| Other operating charges | 640/8 | €8,727 | €3,580 | -€5,147 | -59.0% |
| Non-recurring operating charges | 66A | - | €1,741 | +€1,741 | |
| Gross operating margin | 9900 | €30,280 | €11,600 | -€18,680 | -61.7% |
| Operating profit (loss) | 9901 | €19,953 | €4,680 | -€15,273 | -76.5% |
| Financial income | 75/76B | €303 | €4 | -€299 | -98.7% |
| Recurring financial income | 75 | €303 | €4 | -€299 | -98.7% |
| Financial charges | 65/66B | €2,981 | €1,376 | -€1,606 | -53.9% |
| Recurring financial charges | 65 | €2,981 | €1,376 | -€1,606 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €17,275 | €3,308 | -€13,967 | -80.8% |
| Income taxes | 67/77 | €5,325 | €1,745 | -€3,580 | -67.2% |
| Profit (loss) for the period | 9904 | €11,950 | €1,563 | -€10,387 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,950 | €1,563 | -€10,387 | -86.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.