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 -€54,697
down €54,697 (-44.6%), from €122,582 to €67,884
mainly Investment in fixed assets (net) (-€58,874) and Debts after one year (-€34,293)
- Tangible fixed assets +€22,271
up €22,271 (+4.8%), from €465,029 to €487,299
of which Land and buildings: +€25,178
- Receivables within one year +€11,971
up €11,971 (+994.6%), from €1,204 to €13,175
of which Trade receivables: +€12,098
- Debts after one year -€34,293
down €34,293 (-28.6%), from €119,924 to €85,631
- Reserves +€20,795
up €20,795 (+5.9%), from €354,300 to €375,095
- Other debts -€9,339
down €9,339 (-30.3%), from €30,802 to €21,463
- Gross operating margin -€7,686
down €7,686 (-8.3%), from €92,262 to €84,575
- Other operating charges +€5,769
up €5,769 (+193.9%), from €2,976 to €8,744
- Taxes -€3,646
down €3,646 (-24.7%), from €14,761 to €11,115
- Depreciation +€1,980
up €1,980 (+5.7%), from €34,623 to €36,604
- Financial charges -€1,389
down €1,389 (-18.1%), from €7,682 to €6,294
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 | €681,294 | €658,994 | -€22,300 | -3.3% |
| Fixed assets | 21/28 | €465,029 | €487,299 | +€22,271 | +4.8% |
| Tangible fixed assets | 22/27 | €465,029 | €487,299 | +€22,271 | +4.8% |
| Land and buildings | 22 | €447,682 | €472,861 | +€25,178 | +5.6% |
| Plant, machinery and equipment | 23 | €2,806 | €6,513 | +€3,707 | +132.1% |
| Furniture and vehicles | 24 | €2,487 | €308 | -€2,179 | -87.6% |
| Other tangible fixed assets | 26 | €12,053 | €7,617 | -€4,436 | -36.8% |
| Current assets | 29/58 | €216,266 | €171,695 | -€44,570 | -20.6% |
| Amounts receivable within one year | 40/41 | €1,204 | €13,175 | +€11,971 | +994.6% |
| Trade receivables | 40 | €437 | €12,536 | +€12,098 | +2766.9% |
| Other amounts receivable | 41 | €766 | €639 | -€127 | -16.6% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €122,582 | €67,884 | -€54,697 | -44.6% |
| Deferred charges and accrued income | 490/1 | €42,480 | €40,636 | -€1,844 | -4.3% |
| Total equity and liabilities | 10/49 | €681,294 | €658,994 | -€22,300 | -3.3% |
| Equity | 10/15 | €462,375 | €483,170 | +€20,795 | +4.5% |
| Contributions | 10/11 | €108,074 | €108,074 | = | 0.0% |
| Reserves | 13 | €354,300 | €375,095 | +€20,795 | +5.9% |
| Distributable reserves | 133 | €354,300 | €375,095 | +€20,795 | +5.9% |
| Amounts payable | 17/49 | €218,920 | €175,825 | -€43,095 | -19.7% |
| Amounts payable after more than one year | 17 | €119,924 | €85,631 | -€34,293 | -28.6% |
| Financial debts | 170/4 | €119,924 | €85,631 | -€34,293 | -28.6% |
| Amounts payable within one year | 42/48 | €97,719 | €89,004 | -€8,715 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €35,644 | €34,293 | -€1,351 | -3.8% |
| Trade debts | 44 | €3,141 | €4,839 | +€1,698 | +54.1% |
| Suppliers | 440/4 | €3,141 | €4,839 | +€1,698 | +54.1% |
| Taxes, remuneration and social security | 45 | €28,132 | €28,409 | +€277 | +1.0% |
| Taxes | 450/3 | €28,132 | €28,409 | +€277 | +1.0% |
| Other amounts payable | 47/48 | €30,802 | €21,463 | -€9,339 | -30.3% |
| Accrued charges and deferred income | 492/3 | €1,277 | €1,189 | -€87 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,623 | €36,604 | +€1,980 | +5.7% |
| Other operating charges | 640/8 | €2,976 | €8,744 | +€5,769 | +193.9% |
| Non-recurring operating charges | 66A | €3,181 | €609 | -€2,571 | -80.8% |
| Gross operating margin | 9900 | €92,262 | €84,575 | -€7,686 | -8.3% |
| Operating profit (loss) | 9901 | €51,482 | €38,618 | -€12,864 | -25.0% |
| Financial income | 75/76B | €528 | €419 | -€109 | -20.7% |
| Recurring financial income | 75 | €528 | €419 | -€109 | -20.7% |
| Financial charges | 65/66B | €7,682 | €6,294 | -€1,389 | -18.1% |
| Recurring financial charges | 65 | €7,682 | €6,294 | -€1,389 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €44,328 | €32,743 | -€11,585 | -26.1% |
| Income taxes | 67/77 | €14,761 | €11,115 | -€3,646 | -24.7% |
| Profit (loss) for the period | 9904 | €29,567 | €21,628 | -€7,939 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,567 | €21,628 | -€7,939 | -26.9% |
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 11 October 2026 via checked.be.