MENDY: 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.
MENDY
Largest movements
- Receivables within one year -€117,756
down €117,756 (-92.7%), from €127,017 to €9,262
of which Other amounts receivable: -€105,206
- Stocks and contracts +€85,699
up €85,699 (+1714.0%), from €5,000 to €90,699
- Cash -€36,965
down €36,965 (-42.6%), from €86,695 to €49,730
mainly Trade debts (-€191,570) and Stocks and contracts (-€85,699)
- Tangible fixed assets +€3,914
up €3,914 (+7.2%), from €54,401 to €58,315
of which Land and buildings: +€16,426
- Deferred charges and accrued income +€3,318
up €3,318 (+437.8%), from €758 to €4,075
- Trade debts -€191,570
down €191,570 (-75.9%), from €252,519 to €60,949
- Other debts +€123,197
up €123,197 (+29404.0%), from €419 to €123,616
- Tax, wage and social debts -€24,180
down €24,180 (-71.9%), from €33,651 to €9,472
of which Taxes: -€26,515
- Profit (loss) carried forward +€16,694
up €16,694 (+49.3%), from -€33,854 to -€17,159
- Debts after one year +€15,172
new in 2025: €15,172
- Gross operating margin -€26,550
down €26,550 (-15.6%), from €169,847 to €143,297
- Staff costs +€11,655
up €11,655 (+13.6%), from €85,717 to €97,372
- Financial income -€5,921
down €5,921 (-100.0%), from €5,921 to €0
- Financial charges +€3,971
up €3,971 (+100.8%), from €3,938 to €7,909
- Other operating charges +€2,936
up €2,936 (+2285.0%), from €129 to €3,065
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 | €275,668 | €212,481 | -€63,187 | -22.9% |
| Fixed assets | 21/28 | €56,198 | €58,715 | +€2,518 | +4.5% |
| Intangible fixed assets | 21 | €1,796 | €400 | -€1,396 | -77.7% |
| Tangible fixed assets | 22/27 | €54,401 | €58,315 | +€3,914 | +7.2% |
| Land and buildings | 22 | €10,779 | €27,204 | +€16,426 | +152.4% |
| Plant, machinery and equipment | 23 | €39,297 | €28,974 | -€10,323 | -26.3% |
| Furniture and vehicles | 24 | €4,325 | €2,136 | -€2,189 | -50.6% |
| Current assets | 29/58 | €219,470 | €153,765 | -€65,705 | -29.9% |
| Stocks and contracts in progress | 3 | €5,000 | €90,699 | +€85,699 | +1714.0% |
| Stocks | 30/36 | €5,000 | €90,699 | +€85,699 | +1714.0% |
| Amounts receivable within one year | 40/41 | €127,017 | €9,262 | -€117,756 | -92.7% |
| Trade receivables | 40 | €12,549 | €0 | -€12,549 | -100.0% |
| Other amounts receivable | 41 | €114,468 | €9,262 | -€105,206 | -91.9% |
| Cash at bank and in hand | 54/58 | €86,695 | €49,730 | -€36,965 | -42.6% |
| Deferred charges and accrued income | 490/1 | €758 | €4,075 | +€3,318 | +437.8% |
| Total equity and liabilities | 10/49 | €275,668 | €212,481 | -€63,187 | -22.9% |
| Equity | 10/15 | -€13,421 | €3,273 | +€16,694 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €14,432 | €14,432 | = | 0.0% |
| Distributable reserves | 133 | €14,432 | €14,432 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,854 | -€17,159 | +€16,694 | +49.3% |
| Amounts payable | 17/49 | €289,089 | €209,208 | -€79,881 | -27.6% |
| Amounts payable after more than one year | 17 | - | €15,172 | +€15,172 | |
| Financial debts | 170/4 | - | €15,172 | +€15,172 | |
| Amounts payable within one year | 42/48 | €286,589 | €194,036 | -€92,553 | -32.3% |
| Trade debts | 44 | €252,519 | €60,949 | -€191,570 | -75.9% |
| Suppliers | 440/4 | €252,519 | €60,949 | -€191,570 | -75.9% |
| Taxes, remuneration and social security | 45 | €33,651 | €9,472 | -€24,180 | -71.9% |
| Taxes | 450/3 | €26,515 | €0 | -€26,515 | -100.0% |
| Remuneration and social security | 454/9 | €7,136 | €9,472 | +€2,336 | +32.7% |
| Other amounts payable | 47/48 | €419 | €123,616 | +€123,197 | +29404.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | €0 | -€2,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €85,717 | €97,372 | +€11,655 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,234 | €18,257 | +€2,023 | +12.5% |
| Other operating charges | 640/8 | €129 | €3,065 | +€2,936 | +2285.0% |
| Gross operating margin | 9900 | €169,847 | €143,297 | -€26,550 | -15.6% |
| Operating profit (loss) | 9901 | €67,767 | €24,603 | -€43,165 | -63.7% |
| Financial income | 75/76B | €5,921 | €0 | -€5,921 | -100.0% |
| Recurring financial income | 75 | €5,921 | €0 | -€5,921 | -100.0% |
| Financial charges | 65/66B | €3,938 | €7,909 | +€3,971 | +100.8% |
| Recurring financial charges | 65 | €3,938 | €7,909 | +€3,971 | +100.8% |
| Profit (loss) for the period before taxes | 9903 | €69,751 | €16,694 | -€53,057 | -76.1% |
| Profit (loss) for the period | 9904 | €69,751 | €16,694 | -€53,057 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,751 | €16,694 | -€53,057 | -76.1% |
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 6 October 2026 via checked.be.