MENGAL: 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.
MENGAL
Largest movements
- Tangible fixed assets -€8,241
down €8,241 (-25.7%), from €32,063 to €23,823
of which Furniture and vehicles: -€4,805
- Intangible fixed assets -€5,486
down €5,486 (-25.0%), from €21,945 to €16,458
- Cash -€1,169
down €1,169 (-19.6%), from €5,965 to €4,796
mainly Net result for the year (-€17,791) and Tax, wage and social debts (-€8,246)
- Profit (loss) carried forward -€17,791
down €17,791, from €4,520 to -€13,271
- Tax, wage and social debts -€8,246
down €8,246 (-56.3%), from €14,644 to €6,398
of which Taxes: -€6,000
- Trade debts +€6,979
up €6,979 (+64.9%), from €10,749 to €17,728
- Other debts +€6,872
up €6,872 (+101.5%), from €6,771 to €13,643
- Debts after one year -€2,710
down €2,710 (-22.1%), from €12,277 to €9,567
- Gross operating margin -€28,112
down €28,112 (-77.3%), from €36,377 to €8,265
- Staff costs -€18,655
down €18,655 (-74.8%), from €24,952 to €6,296
- Depreciation -€672
down €672 (-3.8%), from €17,586 to €16,913
- Financial charges -€644
down €644 (-28.3%), from €2,272 to €1,628
- Write-downs +€564
new in 2025: €564
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 | €81,960 | €66,157 | -€15,803 | -19.3% |
| Fixed assets | 21/28 | €54,008 | €40,281 | -€13,727 | -25.4% |
| Intangible fixed assets | 21 | €21,945 | €16,458 | -€5,486 | -25.0% |
| Tangible fixed assets | 22/27 | €32,063 | €23,823 | -€8,241 | -25.7% |
| Plant, machinery and equipment | 23 | €3,436 | - | -€3,436 | |
| Furniture and vehicles | 24 | €28,628 | €23,823 | -€4,805 | -16.8% |
| Current assets | 29/58 | €27,952 | €25,876 | -€2,076 | -7.4% |
| Amounts receivable within one year | 40/41 | €19,947 | €19,692 | -€255 | -1.3% |
| Trade receivables | 40 | €19,941 | €19,690 | -€251 | -1.3% |
| Other amounts receivable | 41 | €6 | €3 | -€4 | -61.1% |
| Current investments | 50/53 | €126 | €90 | -€36 | -28.4% |
| Cash at bank and in hand | 54/58 | €5,965 | €4,796 | -€1,169 | -19.6% |
| Deferred charges and accrued income | 490/1 | €1,914 | €1,298 | -€616 | -32.2% |
| Total equity and liabilities | 10/49 | €81,960 | €66,157 | -€15,803 | -19.3% |
| Equity | 10/15 | €25,005 | €7,214 | -€17,791 | -71.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,885 | €1,885 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,885 | €1,885 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,885 | €1,885 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,520 | -€13,271 | -€17,791 | |
| Amounts payable | 17/49 | €56,955 | €58,943 | +€1,988 | +3.5% |
| Amounts payable after more than one year | 17 | €12,277 | €9,567 | -€2,710 | -22.1% |
| Financial debts | 170/4 | €12,277 | €9,567 | -€2,710 | -22.1% |
| Amounts payable within one year | 42/48 | €44,598 | €49,376 | +€4,778 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €12,434 | €11,607 | -€827 | -6.7% |
| Trade debts | 44 | €10,749 | €17,728 | +€6,979 | +64.9% |
| Suppliers | 440/4 | €10,749 | €17,728 | +€6,979 | +64.9% |
| Taxes, remuneration and social security | 45 | €14,644 | €6,398 | -€8,246 | -56.3% |
| Taxes | 450/3 | €11,685 | €5,685 | -€6,000 | -51.3% |
| Remuneration and social security | 454/9 | €2,958 | €713 | -€2,245 | -75.9% |
| Other amounts payable | 47/48 | €6,771 | €13,643 | +€6,872 | +101.5% |
| Accrued charges and deferred income | 492/3 | €80 | - | -€80 | |
| Remuneration, social security and pensions | 62 | €24,952 | €6,296 | -€18,655 | -74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,586 | €16,913 | -€672 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €564 | +€564 | |
| Other operating charges | 640/8 | €460 | €545 | +€85 | +18.4% |
| Gross operating margin | 9900 | €36,377 | €8,265 | -€28,112 | -77.3% |
| Operating profit (loss) | 9901 | -€6,620 | -€16,053 | -€9,433 | -142.5% |
| Financial income | 75/76B | €363 | €31 | -€332 | -91.5% |
| Recurring financial income | 75 | €363 | €31 | -€332 | -91.5% |
| Financial charges | 65/66B | €2,272 | €1,628 | -€644 | -28.3% |
| Recurring financial charges | 65 | €2,272 | €1,628 | -€644 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,529 | -€17,650 | -€9,121 | -106.9% |
| Income taxes | 67/77 | €262 | €141 | -€121 | -46.2% |
| Profit (loss) for the period | 9904 | -€8,791 | -€17,791 | -€9,000 | -102.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,791 | -€17,791 | -€9,000 | -102.4% |
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 5 October 2026 via checked.be.