MenMed: 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.
MenMed
Largest movements
- Deferred charges and accrued income +€51,826
up €51,826 (+206.8%), from €25,058 to €76,884
- Tangible fixed assets -€23,417
down €23,417 (-3.4%), from €686,510 to €663,094
- Cash +€20,490
up €20,490 (+306.5%), from €6,685 to €27,176
mainly Net result for the year (+€77,050) and Depreciation (+€58,641)
- Profit (loss) carried forward +€58,758
up €58,758 (+34.0%), from €172,567 to €231,324
- Debts after one year -€50,965
down €50,965 (-8.3%), from €611,411 to €560,446
- Trade debts +€29,530
new in 2025: €29,530
- Other debts +€19,194
up €19,194 (+14910.2%), from €129 to €19,323
- Current portion of long-term debt -€10,632
down €10,632 (-16.1%), from €66,015 to €55,383
- Taxes +€27,178
up €27,178 (+15797.3%), from €172 to €27,350
- Other operating charges +€4,991
up €4,991 (+3733.8%), from €134 to €5,125
- Financial charges -€4,296
down €4,296 (-18.8%), from €22,824 to €18,529
- Depreciation +€3,349
up €3,349 (+6.1%), from €55,292 to €58,641
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 | €855,622 | €901,006 | +€45,385 | +5.3% |
| Fixed assets | 21/28 | €689,010 | €666,094 | -€22,917 | -3.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €686,510 | €663,094 | -€23,417 | -3.4% |
| Land and buildings | 22 | €464,578 | €462,731 | -€1,847 | -0.4% |
| Plant, machinery and equipment | 23 | €93,398 | €90,919 | -€2,479 | -2.7% |
| Furniture and vehicles | 24 | €34,796 | €26,629 | -€8,167 | -23.5% |
| Leasing and similar rights | 25 | €93,738 | €82,814 | -€10,924 | -11.7% |
| Financial fixed assets | 28 | €2,500 | €3,000 | +€500 | +20.0% |
| Current assets | 29/58 | €166,611 | €234,913 | +€68,301 | +41.0% |
| Amounts receivable within one year | 40/41 | €134,868 | €130,853 | -€4,015 | -3.0% |
| Trade receivables | 40 | €28,917 | - | -€28,917 | |
| Other amounts receivable | 41 | €105,951 | €130,853 | +€24,903 | +23.5% |
| Cash at bank and in hand | 54/58 | €6,685 | €27,176 | +€20,490 | +306.5% |
| Deferred charges and accrued income | 490/1 | €25,058 | €76,884 | +€51,826 | +206.8% |
| Total equity and liabilities | 10/49 | €855,622 | €901,006 | +€45,385 | +5.3% |
| Equity | 10/15 | €177,567 | €236,324 | +€58,758 | +33.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | - | €5,000 | +€5,000 | |
| Issued capital | 100 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €172,567 | €231,324 | +€58,758 | +34.0% |
| Amounts payable | 17/49 | €678,055 | €664,682 | -€13,373 | -2.0% |
| Amounts payable after more than one year | 17 | €611,411 | €560,446 | -€50,965 | -8.3% |
| Financial debts | 170/4 | €611,411 | €560,446 | -€50,965 | -8.3% |
| Amounts payable within one year | 42/48 | €66,644 | €104,236 | +€37,592 | +56.4% |
| Current portion of amounts payable after more than one year | 42 | €66,015 | €55,383 | -€10,632 | -16.1% |
| Trade debts | 44 | - | €29,530 | +€29,530 | |
| Suppliers | 440/4 | - | €29,530 | +€29,530 | |
| Taxes, remuneration and social security | 45 | €500 | - | -€500 | |
| Taxes | 450/3 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | €129 | €19,323 | +€19,194 | +14910.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,292 | €58,641 | +€3,349 | +6.1% |
| Other operating charges | 640/8 | €134 | €5,125 | +€4,991 | +3733.8% |
| Gross operating margin | 9900 | €186,233 | €186,616 | +€382 | +0.2% |
| Operating profit (loss) | 9901 | €130,808 | €122,850 | -€7,958 | -6.1% |
| Financial income | 75/76B | €599 | €78 | -€521 | -86.9% |
| Recurring financial income | 75 | €599 | €78 | -€521 | -86.9% |
| Financial charges | 65/66B | €22,824 | €18,529 | -€4,296 | -18.8% |
| Recurring financial charges | 65 | €22,824 | €18,529 | -€4,296 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €108,583 | €104,400 | -€4,183 | -3.9% |
| Income taxes | 67/77 | €172 | €27,350 | +€27,178 | +15797.3% |
| Profit (loss) for the period | 9904 | €108,411 | €77,050 | -€31,360 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €108,411 | €77,050 | -€31,360 | -28.9% |
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 9 October 2026 via checked.be.