MENDEZ: 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.
MENDEZ
Largest movements
- Current investments -€10,909
down €10,909 (-100.0%), from €10,909 to €0
- Receivables after one year -€5,901
down €5,901 (-22.9%), from €25,785 to €19,884
- Cash +€3,476
new in 2025: €3,476
mainly Current investments (+€10,909) and Receivables after one year (+€5,901)
- Receivables within one year +€820
up €820 (+71.1%), from €1,153 to €1,974
of which Trade receivables: +€993
- Profit (loss) carried forward -€13,120
down €13,120 (-41.9%), from €31,323 to €18,203
- Accrued charges and deferred income -€4,641
no longer reported in 2025 (was €4,641)
- Tax, wage and social debts +€3,329
up €3,329 (+162.0%), from €2,054 to €5,383
of which Taxes: +€3,316
- Trade debts +€1,640
new in 2025: €1,640
- Gross operating margin -€8,225
down €8,225 (-192.0%), from -€4,283 to -€12,508
- Other operating charges -€754
down €754 (-43.5%), from €1,732 to €978
- Financial income +€662
up €662 (+4613.2%), from €14 to €676
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 | €38,218 | €25,534 | -€12,684 | -33.2% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €38,218 | €25,534 | -€12,684 | -33.2% |
| Amounts receivable after more than one year | 29 | €25,785 | €19,884 | -€5,901 | -22.9% |
| Other amounts receivable | 291 | €25,785 | €19,884 | -€5,901 | -22.9% |
| Amounts receivable within one year | 40/41 | €1,153 | €1,974 | +€820 | +71.1% |
| Trade receivables | 40 | €980 | €1,974 | +€993 | +101.4% |
| Other amounts receivable | 41 | €173 | €0 | -€173 | -100.0% |
| Current investments | 50/53 | €10,909 | €0 | -€10,909 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €3,476 | +€3,476 | |
| Deferred charges and accrued income | 490/1 | €371 | €200 | -€171 | -46.1% |
| Total equity and liabilities | 10/49 | €38,218 | €25,534 | -€12,684 | -33.2% |
| Equity | 10/15 | €31,523 | €18,403 | -€13,120 | -41.6% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,323 | €18,203 | -€13,120 | -41.9% |
| Amounts payable | 17/49 | €6,695 | €7,131 | +€436 | +6.5% |
| Amounts payable within one year | 42/48 | €2,054 | €7,131 | +€5,077 | +247.1% |
| Financial debts | 43 | - | €108 | +€108 | |
| Credit institutions | 430/8 | - | €108 | +€108 | |
| Trade debts | 44 | - | €1,640 | +€1,640 | |
| Suppliers | 440/4 | - | €1,640 | +€1,640 | |
| Taxes, remuneration and social security | 45 | €2,054 | €5,383 | +€3,329 | +162.0% |
| Taxes | 450/3 | €271 | €3,587 | +€3,316 | +1223.5% |
| Remuneration and social security | 454/9 | €1,783 | €1,796 | +€13 | +0.7% |
| Other amounts payable | 47/48 | €0 | - | -€0 | |
| Accrued charges and deferred income | 492/3 | €4,641 | - | -€4,641 | |
| Other operating charges | 640/8 | €1,732 | €978 | -€754 | -43.5% |
| Gross operating margin | 9900 | -€4,283 | -€12,508 | -€8,225 | -192.0% |
| Operating profit (loss) | 9901 | -€6,015 | -€13,486 | -€7,471 | -124.2% |
| Financial income | 75/76B | €14 | €676 | +€662 | +4613.2% |
| Recurring financial income | 75 | €14 | €676 | +€662 | +4613.2% |
| Financial charges | 65/66B | €190 | €169 | -€22 | -11.3% |
| Recurring financial charges | 65 | €190 | €169 | -€22 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,191 | -€12,979 | -€6,788 | -109.6% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€6,331 | -€13,120 | -€6,789 | -107.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,331 | -€13,120 | -€6,789 | -107.2% |
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 9 October 2026 via checked.be.