Mendi: 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.
Mendi
Largest movements
- Deferred charges and accrued income +€12,222
new in 2024: €12,222
- Tangible fixed assets +€9,658
up €9,658 (+376%), from €2,566 to €12,224
of which Furniture and vehicles: +€11,034
- Cash +€6,573
up €6,573 (+13.4%), from €49,167 to €55,740
mainly Net result for the year (+€19,851) and Trade debts (+€13,429)
- Receivables within one year +€1,729
up €1,729 (+1.9%), from €88,847 to €90,575
of which Other amounts receivable: +€10,291
- Profit (loss) carried forward +€18,039
up €18,039 (+57.4%), from €31,425 to €49,464
- Trade debts +€13,429
up €13,429 (+229%), from €5,859 to €19,289
- Gross operating margin +€17,018
up €17,018 (+119%), from €14,306 to €31,324
- Taxes +€6,907
up €6,907 (+231%), from €2,986 to €9,893
- Financial charges +€3,811
up €3,811 (+1,069%), from €356 to €4,168
- Financial income +€2,692
up €2,692 (+117%), from €2,304 to €4,996
- Depreciation -€631
down €631 (-31.3%), from €2,013 to €1,382
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.
Derived cash bridge
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 | €141,030 | €171,212 | +€30,182 | +21.4% |
| Fixed assets | 21/28 | €3,016 | €12,674 | +€9,658 | +320% |
| Tangible fixed assets | 22/27 | €2,566 | €12,224 | +€9,658 | +376% |
| Plant, machinery and equipment | 23 | €2,566 | €1,190 | -€1,376 | -53.6% |
| Furniture and vehicles | 24 | - | €11,034 | +€11,034 | |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €138,014 | €158,538 | +€20,524 | +14.9% |
| Amounts receivable within one year | 40/41 | €88,847 | €90,575 | +€1,729 | +1.9% |
| Trade receivables | 40 | €45,563 | €37,001 | -€8,562 | -18.8% |
| Other amounts receivable | 41 | €43,284 | €53,575 | +€10,291 | +23.8% |
| Cash at bank and in hand | 54/58 | €49,167 | €55,740 | +€6,573 | +13.4% |
| Deferred charges and accrued income | 490/1 | - | €12,222 | +€12,222 | |
| Total equity and liabilities | 10/49 | €141,030 | €171,212 | +€30,182 | +21.4% |
| Equity | 10/15 | €78,426 | €96,465 | +€18,039 | +23.0% |
| Contributions | 10/11 | €20,001 | €20,001 | = | 0.0% |
| Reserves | 13 | €27,000 | €27,000 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,425 | €49,464 | +€18,039 | +57.4% |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €32,604 | €44,747 | +€12,143 | +37.2% |
| Amounts payable within one year | 42/48 | €32,604 | €44,747 | +€12,143 | +37.2% |
| Trade debts | 44 | €5,859 | €19,289 | +€13,429 | +229% |
| Suppliers | 440/4 | €5,859 | €19,289 | +€13,429 | +229% |
| Taxes, remuneration and social security | 45 | €26,745 | €25,458 | -€1,287 | -4.8% |
| Taxes | 450/3 | €24,792 | €25,458 | +€666 | +2.7% |
| Remuneration and social security | 454/9 | €1,953 | - | -€1,953 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,013 | €1,382 | -€631 | -31.3% |
| Other operating charges | 640/8 | €1,046 | €1,026 | -€21 | -2.0% |
| Gross operating margin | 9900 | €14,306 | €31,324 | +€17,018 | +119% |
| Operating profit (loss) | 9901 | €11,246 | €28,916 | +€17,670 | +157% |
| Financial income | 75/76B | €2,304 | €4,996 | +€2,692 | +117% |
| Recurring financial income | 75 | €2,304 | €4,996 | +€2,692 | +117% |
| Financial charges | 65/66B | €356 | €4,168 | +€3,811 | +1,069% |
| Recurring financial charges | 65 | €356 | €4,168 | +€3,811 | +1,069% |
| Profit (loss) for the period before taxes | 9903 | €13,193 | €29,745 | +€16,551 | +125% |
| Income taxes | 67/77 | €2,986 | €9,893 | +€6,907 | +231% |
| Profit (loss) for the period | 9904 | €10,207 | €19,851 | +€9,644 | +94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,207 | €19,851 | +€9,644 | +94.5% |
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 22 October 2026 via checked.be.