MENDOA: 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.
MENDOA
Largest movements
- Receivables within one year -€1,308
down €1,308 (-36.7%), from €3,562 to €2,255
of which Trade receivables: -€908
- Tangible fixed assets -€138
no longer reported in 2024 (was €138)
of which Plant, machinery and equipment: -€111
- Trade debts -€1,207
no longer reported in 2024 (was €1,207)
- Profit (loss) carried forward -€525
down €525 (-74.9%), from -€701 to -€1,227
- Other debts +€275
up €275 (+23.4%), from €1,176 to €1,451
- Gross operating margin +€1,132
up €1,132, from -€832 to €300
- Depreciation -€733
down €733 (-84.1%), from €871 to €138
- Financial charges +€113
up €113 (+65.2%), from €174 to €287
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,701 | €2,255 | -€1,446 | -39.1% |
| Fixed assets | 21/28 | €138 | - | -€138 | |
| Tangible fixed assets | 22/27 | €138 | - | -€138 | |
| Plant, machinery and equipment | 23 | €111 | - | -€111 | |
| Furniture and vehicles | 24 | €27 | - | -€27 | |
| Current assets | 29/58 | €3,562 | €2,255 | -€1,308 | -36.7% |
| Amounts receivable within one year | 40/41 | €3,562 | €2,255 | -€1,308 | -36.7% |
| Trade receivables | 40 | €908 | - | -€908 | |
| Other amounts receivable | 41 | €2,655 | €2,255 | -€400 | -15.1% |
| Total equity and liabilities | 10/49 | €3,701 | €2,255 | -€1,446 | -39.1% |
| Equity | 10/15 | €1,299 | €773 | -€525 | -40.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€701 | -€1,227 | -€525 | -74.9% |
| Amounts payable | 17/49 | €2,402 | €1,482 | -€920 | -38.3% |
| Amounts payable within one year | 42/48 | €2,402 | €1,482 | -€920 | -38.3% |
| Financial debts | 43 | €19 | €30 | +€12 | +62.2% |
| Credit institutions | 430/8 | €19 | €30 | +€12 | +62.2% |
| Trade debts | 44 | €1,207 | - | -€1,207 | |
| Suppliers | 440/4 | €1,207 | - | -€1,207 | |
| Other amounts payable | 47/48 | €1,176 | €1,451 | +€275 | +23.4% |
| Non-recurring operating income | 76A | - | €1,207 | +€1,207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €871 | €138 | -€733 | -84.1% |
| Non-recurring operating charges | 66A | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€832 | €300 | +€1,132 | |
| Operating profit (loss) | 9901 | -€1,704 | -€239 | +€1,465 | +86.0% |
| Financial charges | 65/66B | €174 | €287 | +€113 | +65.2% |
| Recurring financial charges | 65 | €174 | €287 | +€113 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,877 | -€525 | +€1,352 | +72.0% |
| Profit (loss) for the period | 9904 | -€1,877 | -€525 | +€1,352 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,877 | -€525 | +€1,352 | +72.0% |
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 12 October 2026 via checked.be.