Mendify Belgium: 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.
Mendify Belgium
Largest movements
- Cash -€164,518
down €164,518 (-18.3%), from €898,422 to €733,905
mainly Other debts (-€200,000) and Contributions, distributions and other (-€200,000)
- Receivables within one year -€109,784
down €109,784 (-16.7%), from €656,829 to €547,045
of which Trade receivables: -€156,168
- Deferred charges and accrued income +€55,501
up €55,501 (+95.5%), from €58,120 to €113,621
- Financial fixed assets -€39,039
down €39,039 (-38.0%), from €102,840 to €63,801
- Other debts -€200,000
down €200,000 (-96.0%), from €208,292 to €8,292
- Accrued charges and deferred income -€143,549
down €143,549 (-65.3%), from €219,675 to €76,126
- Advances received +€61,189
new in 2025: €61,189
- Trade debts +€41,621
up €41,621 (+29.4%), from €141,701 to €183,322
- Gross operating margin -€394,605
down €394,605 (-24.0%), from €1.6m to €1.3m
- Staff costs -€243,077
down €243,077 (-20.4%), from €1.2m to €947,532
- Taxes -€49,978
down €49,978 (-40.1%), from €124,510 to €74,533
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 | €1,747,897 | €1,478,997 | -€268,901 | -15.4% |
| Fixed assets | 21/28 | €134,526 | €84,426 | -€50,100 | -37.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €31,686 | €20,625 | -€11,061 | -34.9% |
| Plant, machinery and equipment | 23 | €12,383 | €6,933 | -€5,449 | -44.0% |
| Furniture and vehicles | 24 | €19,303 | €13,692 | -€5,611 | -29.1% |
| Financial fixed assets | 28 | €102,840 | €63,801 | -€39,039 | -38.0% |
| Current assets | 29/58 | €1,613,371 | €1,394,570 | -€218,801 | -13.6% |
| Amounts receivable within one year | 40/41 | €656,829 | €547,045 | -€109,784 | -16.7% |
| Trade receivables | 40 | €646,452 | €490,285 | -€156,168 | -24.2% |
| Other amounts receivable | 41 | €10,377 | €56,760 | +€46,384 | +447% |
| Cash at bank and in hand | 54/58 | €898,422 | €733,905 | -€164,518 | -18.3% |
| Deferred charges and accrued income | 490/1 | €58,120 | €113,621 | +€55,501 | +95.5% |
| Total equity and liabilities | 10/49 | €1,747,897 | €1,478,997 | -€268,901 | -15.4% |
| Equity | 10/15 | €981,103 | €969,031 | -€12,072 | -1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €962,503 | €950,431 | -€12,072 | -1.3% |
| Distributable reserves | 133 | €962,503 | €950,431 | -€12,072 | -1.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €766,795 | €509,966 | -€256,828 | -33.5% |
| Amounts payable within one year | 42/48 | €547,120 | €433,840 | -€113,280 | -20.7% |
| Financial debts | 43 | €1,165 | €2,231 | +€1,066 | +91.5% |
| Credit institutions | 430/8 | €1,165 | €2,231 | +€1,066 | +91.5% |
| Trade debts | 44 | €141,701 | €183,322 | +€41,621 | +29.4% |
| Suppliers | 440/4 | €141,701 | €183,322 | +€41,621 | +29.4% |
| Advances received on contracts in progress | 46 | - | €61,189 | +€61,189 | |
| Taxes, remuneration and social security | 45 | €195,961 | €178,806 | -€17,155 | -8.8% |
| Taxes | 450/3 | €62,850 | €31,513 | -€31,337 | -49.9% |
| Remuneration and social security | 454/9 | €133,111 | €147,293 | +€14,182 | +10.7% |
| Other amounts payable | 47/48 | €208,292 | €8,292 | -€200,000 | -96.0% |
| Accrued charges and deferred income | 492/3 | €219,675 | €76,126 | -€143,549 | -65.3% |
| Remuneration, social security and pensions | 62 | €1,190,609 | €947,532 | -€243,077 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,873 | €12,611 | -€1,262 | -9.1% |
| Other operating charges | 640/8 | €2,259 | €1,961 | -€298 | -13.2% |
| Gross operating margin | 9900 | €1,646,408 | €1,251,803 | -€394,605 | -24.0% |
| Operating profit (loss) | 9901 | €439,668 | €289,700 | -€149,968 | -34.1% |
| Financial income | 75/76B | €2,245 | €3,668 | +€1,423 | +63.4% |
| Recurring financial income | 75 | €2,245 | €3,668 | +€1,423 | +63.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €29,671 | €30,907 | +€1,236 | +4.2% |
| Recurring financial charges | 65 | €29,671 | €30,907 | +€1,236 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €412,241 | €262,460 | -€149,781 | -36.3% |
| Income taxes | 67/77 | €124,510 | €74,533 | -€49,978 | -40.1% |
| Profit (loss) for the period | 9904 | €287,731 | €187,928 | -€99,803 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €287,731 | €187,928 | -€99,803 | -34.7% |
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 23 October 2026 via checked.be.