MENS: 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.
MENS
Largest movements
- Cash -€15,705
down €15,705 (-42.6%), from €36,864 to €21,159
mainly Other debts (-€174,904) and Investment in fixed assets (net) (-€37,112)
- Stocks and contracts +€11,076
up €11,076 (+56.9%), from €19,453 to €30,529
- Tangible fixed assets -€6,635
down €6,635 (-5.3%), from €124,290 to €117,655
of which Plant, machinery and equipment: -€20,228
- Other debts -€174,904
down €174,904 (-42.4%), from €412,794 to €237,890
- Profit (loss) carried forward +€128,399
up €128,399 (+28.6%), from -€449,137 to -€320,738
- Trade debts +€24,829
up €24,829 (+55.4%), from €44,811 to €69,639
- Tax, wage and social debts +€9,851
up €9,851 (+47.1%), from €20,913 to €30,763
of which Remuneration and social security: +€6,904
- Staff costs +€53,429
up €53,429 (+39.9%), from €133,807 to €187,235
- Gross operating margin -€27,773
down €27,773 (-6.8%), from €409,099 to €381,327
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 | €220,539 | €209,842 | -€10,697 | -4.9% |
| Fixed assets | 21/28 | €124,964 | €118,329 | -€6,635 | -5.3% |
| Tangible fixed assets | 22/27 | €124,290 | €117,655 | -€6,635 | -5.3% |
| Plant, machinery and equipment | 23 | €76,002 | €55,773 | -€20,228 | -26.6% |
| Furniture and vehicles | 24 | €12,072 | €9,236 | -€2,835 | -23.5% |
| Leasing and similar rights | 25 | €33,324 | €40,293 | +€6,969 | +20.9% |
| Other tangible fixed assets | 26 | €2,892 | €12,352 | +€9,459 | +327% |
| Financial fixed assets | 28 | €674 | €674 | = | 0.0% |
| Current assets | 29/58 | €95,575 | €91,514 | -€4,062 | -4.2% |
| Stocks and contracts in progress | 3 | €19,453 | €30,529 | +€11,076 | +56.9% |
| Stocks | 30/36 | €19,453 | €30,529 | +€11,076 | +56.9% |
| Amounts receivable within one year | 40/41 | €8,012 | €8,175 | +€163 | +2.0% |
| Trade receivables | 40 | €8,012 | €8,175 | +€163 | +2.0% |
| Cash at bank and in hand | 54/58 | €36,864 | €21,159 | -€15,705 | -42.6% |
| Deferred charges and accrued income | 490/1 | €31,247 | €31,651 | +€404 | +1.3% |
| Total equity and liabilities | 10/49 | €220,539 | €209,842 | -€10,697 | -4.9% |
| Equity | 10/15 | -€302,354 | -€173,956 | +€128,399 | +42.5% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €119,514 | €119,514 | = | 0.0% |
| Distributable reserves | 133 | €119,514 | €119,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€449,137 | -€320,738 | +€128,399 | +28.6% |
| Amounts payable | 17/49 | €522,893 | €383,798 | -€139,096 | -26.6% |
| Amounts payable after more than one year | 17 | €26,379 | €26,750 | +€371 | +1.4% |
| Financial debts | 170/4 | €26,379 | €26,750 | +€371 | +1.4% |
| Amounts payable within one year | 42/48 | €496,514 | €357,048 | -€139,467 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €17,997 | €18,755 | +€758 | +4.2% |
| Trade debts | 44 | €44,811 | €69,639 | +€24,829 | +55.4% |
| Suppliers | 440/4 | €44,811 | €69,639 | +€24,829 | +55.4% |
| Taxes, remuneration and social security | 45 | €20,913 | €30,763 | +€9,851 | +47.1% |
| Taxes | 450/3 | €595 | €3,541 | +€2,947 | +496% |
| Remuneration and social security | 454/9 | €20,318 | €27,222 | +€6,904 | +34.0% |
| Other amounts payable | 47/48 | €412,794 | €237,890 | -€174,904 | -42.4% |
| Remuneration, social security and pensions | 62 | €133,807 | €187,235 | +€53,429 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,490 | €43,748 | +€1,257 | +3.0% |
| Other operating charges | 640/8 | €11,502 | €13,532 | +€2,029 | +17.6% |
| Gross operating margin | 9900 | €409,099 | €381,327 | -€27,773 | -6.8% |
| Operating profit (loss) | 9901 | €221,300 | €136,812 | -€84,488 | -38.2% |
| Financial income | 75/76B | €749 | €1,159 | +€410 | +54.8% |
| Recurring financial income | 75 | €749 | €1,159 | +€410 | +54.8% |
| Financial charges | 65/66B | €10,076 | €9,428 | -€648 | -6.4% |
| Recurring financial charges | 65 | €10,076 | €9,428 | -€648 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €211,974 | €128,543 | -€83,431 | -39.4% |
| Income taxes | 67/77 | €35 | €144 | +€110 | +317% |
| Profit (loss) for the period | 9904 | €211,939 | €128,399 | -€83,540 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €211,939 | €128,399 | -€83,540 | -39.4% |
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 21 October 2026 via checked.be.