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 +€24,393
up €24,393 (+116.4%), from €20,952 to €45,344
mainly Net result for the year (+€34,753) and Depreciation (+€34,252)
- Tangible fixed assets -€20,181
down €20,181 (-8.3%), from €242,924 to €222,743
of which Plant, machinery and equipment: -€12,259
- Debts after one year -€35,016
down €35,016 (-14.0%), from €250,896 to €215,880
- Profit (loss) carried forward +€34,753
up €34,753 (+29.5%), from -€117,651 to -€82,898
- Trade debts +€4,441
up €4,441 (+15.0%), from €29,686 to €34,127
- Gross operating margin +€29,116
up €29,116 (+13.6%), from €214,436 to €243,552
- Staff costs +€22,435
up €22,435 (+16.8%), from €133,878 to €156,313
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 | €277,977 | €280,538 | +€2,560 | +0.9% |
| Fixed assets | 21/28 | €242,924 | €222,743 | -€20,181 | -8.3% |
| Tangible fixed assets | 22/27 | €242,924 | €222,743 | -€20,181 | -8.3% |
| Land and buildings | 22 | €57,490 | €49,568 | -€7,921 | -13.8% |
| Plant, machinery and equipment | 23 | €185,434 | €173,175 | -€12,259 | -6.6% |
| Current assets | 29/58 | €35,054 | €57,795 | +€22,741 | +64.9% |
| Amounts receivable after more than one year | 29 | €4,500 | €4,500 | = | 0.0% |
| Other amounts receivable | 291 | €4,500 | €4,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,842 | €2,112 | -€2,730 | -56.4% |
| Trade receivables | 40 | €4,834 | €2,032 | -€2,802 | -58.0% |
| Other amounts receivable | 41 | €8 | €80 | +€72 | +897.9% |
| Cash at bank and in hand | 54/58 | €20,952 | €45,344 | +€24,393 | +116.4% |
| Deferred charges and accrued income | 490/1 | €4,760 | €5,839 | +€1,079 | +22.7% |
| Total equity and liabilities | 10/49 | €277,977 | €280,538 | +€2,560 | +0.9% |
| Equity | 10/15 | -€67,651 | -€32,898 | +€34,753 | +51.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,651 | -€82,898 | +€34,753 | +29.5% |
| Amounts payable | 17/49 | €345,628 | €313,436 | -€32,192 | -9.3% |
| Amounts payable after more than one year | 17 | €250,896 | €215,880 | -€35,016 | -14.0% |
| Financial debts | 170/4 | €250,896 | €215,880 | -€35,016 | -14.0% |
| Amounts payable within one year | 42/48 | €92,263 | €95,594 | +€3,331 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €33,948 | €35,016 | +€1,067 | +3.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €29,686 | €34,127 | +€4,441 | +15.0% |
| Suppliers | 440/4 | €29,686 | €34,127 | +€4,441 | +15.0% |
| Advances received on contracts in progress | 46 | €968 | €0 | -€968 | -100.0% |
| Taxes, remuneration and social security | 45 | €26,460 | €25,023 | -€1,437 | -5.4% |
| Taxes | 450/3 | €3,091 | €2,015 | -€1,076 | -34.8% |
| Remuneration and social security | 454/9 | €23,369 | €23,008 | -€361 | -1.5% |
| Other amounts payable | 47/48 | €1,200 | €1,429 | +€229 | +19.1% |
| Accrued charges and deferred income | 492/3 | €2,469 | €1,962 | -€508 | -20.6% |
| Remuneration, social security and pensions | 62 | €133,878 | €156,313 | +€22,435 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,029 | €34,252 | +€1,223 | +3.7% |
| Other operating charges | 640/8 | €2,367 | €2,391 | +€24 | +1.0% |
| Gross operating margin | 9900 | €214,436 | €243,552 | +€29,116 | +13.6% |
| Operating profit (loss) | 9901 | €45,163 | €50,596 | +€5,433 | +12.0% |
| Financial income | 75/76B | €28 | €53 | +€25 | +90.1% |
| Recurring financial income | 75 | €28 | €53 | +€25 | +90.1% |
| Financial charges | 65/66B | €15,617 | €15,732 | +€115 | +0.7% |
| Recurring financial charges | 65 | €15,617 | €15,732 | +€115 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €29,574 | €34,917 | +€5,343 | +18.1% |
| Income taxes | 67/77 | €167 | €165 | -€2 | -1.2% |
| Profit (loss) for the period | 9904 | €29,407 | €34,753 | +€5,345 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,407 | €34,753 | +€5,345 | +18.2% |
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 11 October 2026 via checked.be.