MENSACOM: 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.
MENSACOM
Largest movements
- Tangible fixed assets +€414,093
up €414,093 (+62.1%), from €667,145 to €1.1m
of which Other tangible fixed assets: +€541,913
- Cash +€120,337
up €120,337 (+60.4%), from €199,131 to €319,468
mainly Debts after one year (+€423,244) and Net result for the year (+€119,004)
- Current investments -€15,000
no longer reported in 2025 (was €15,000)
- Debts after one year +€423,244
up €423,244 (+106%), from €398,274 to €821,518
- Reserves +€68,671
up €68,671 (+17.4%), from €395,703 to €464,374
of which Tax-exempt reserves: +€62,976
- Other debts +€26,570
up €26,570 (+73.0%), from €36,390 to €62,960
- Provisions +€20,992
up €20,992 (+128%), from €16,446 to €37,438
- Tax, wage and social debts -€20,426
down €20,426 (-36.9%), from €55,371 to €34,945
- Gross operating margin +€67,827
up €67,827 (+46.7%), from €145,211 to €213,038
- Taxes -€12,459
down €12,459 (-34.5%), from €36,153 to €23,694
- Depreciation +€11,628
up €11,628 (+92.1%), from €12,630 to €24,258
- Financial charges +€3,288
up €3,288 (+16.6%), from €19,837 to €23,125
- Financial income -€2,784
down €2,784 (-51.0%), from €5,459 to €2,675
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 | €943,123 | €1,453,758 | +€510,635 | +54.1% |
| Fixed assets | 21/28 | €667,445 | €1,081,538 | +€414,093 | +62.0% |
| Tangible fixed assets | 22/27 | €667,145 | €1,081,238 | +€414,093 | +62.1% |
| Land and buildings | 22 | €468,024 | €345,843 | -€122,181 | -26.1% |
| Plant, machinery and equipment | 23 | €603 | €456 | -€147 | -24.4% |
| Furniture and vehicles | 24 | €29,767 | €23,770 | -€5,997 | -20.1% |
| Leasing and similar rights | 25 | €38 | €543 | +€505 | +1,329% |
| Other tangible fixed assets | 26 | €168,713 | €710,626 | +€541,913 | +321% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €275,678 | €372,220 | +€96,542 | +35.0% |
| Amounts receivable within one year | 40/41 | €58,221 | €50,304 | -€7,917 | -13.6% |
| Trade receivables | 40 | €58,221 | €50,300 | -€7,921 | -13.6% |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Current investments | 50/53 | €15,000 | - | -€15,000 | |
| Cash at bank and in hand | 54/58 | €199,131 | €319,468 | +€120,337 | +60.4% |
| Deferred charges and accrued income | 490/1 | €3,326 | €2,448 | -€878 | -26.4% |
| Total equity and liabilities | 10/49 | €943,123 | €1,453,758 | +€510,635 | +54.1% |
| Equity | 10/15 | €416,945 | €485,616 | +€68,671 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €395,703 | €464,374 | +€68,671 | +17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,339 | €112,315 | +€62,976 | +128% |
| Distributable reserves | 133 | €344,504 | €350,199 | +€5,695 | +1.7% |
| Profit (loss) carried forward | 14 | €15,042 | €15,042 | = | 0.0% |
| Provisions and deferred taxes | 16 | €16,446 | €37,438 | +€20,992 | +128% |
| Deferred taxes | 168 | €16,446 | €37,438 | +€20,992 | +128% |
| Amounts payable | 17/49 | €509,732 | €930,704 | +€420,972 | +82.6% |
| Amounts payable after more than one year | 17 | €398,274 | €821,518 | +€423,244 | +106% |
| Financial debts | 170/4 | €398,274 | €821,518 | +€423,244 | +106% |
| Amounts payable within one year | 42/48 | €111,458 | €109,177 | -€2,281 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €17,388 | €8,382 | -€9,006 | -51.8% |
| Trade debts | 44 | €2,309 | €2,890 | +€581 | +25.2% |
| Suppliers | 440/4 | €2,309 | €2,890 | +€581 | +25.2% |
| Taxes, remuneration and social security | 45 | €55,371 | €34,945 | -€20,426 | -36.9% |
| Taxes | 450/3 | €55,371 | €34,945 | -€20,426 | -36.9% |
| Other amounts payable | 47/48 | €36,390 | €62,960 | +€26,570 | +73.0% |
| Accrued charges and deferred income | 492/3 | - | €9 | +€9 | |
| Non-recurring operating income | 76A | - | €94,276 | +€94,276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,630 | €24,258 | +€11,628 | +92.1% |
| Other operating charges | 640/8 | €2,636 | €4,242 | +€1,606 | +60.9% |
| Non-recurring operating charges | 66A | - | €398 | +€398 | |
| Gross operating margin | 9900 | €145,211 | €213,038 | +€67,827 | +46.7% |
| Operating profit (loss) | 9901 | €129,945 | €184,140 | +€54,195 | +41.7% |
| Financial income | 75/76B | €5,459 | €2,675 | -€2,784 | -51.0% |
| Recurring financial income | 75 | €5,459 | €2,675 | -€2,784 | -51.0% |
| Financial charges | 65/66B | €19,837 | €23,125 | +€3,288 | +16.6% |
| Recurring financial charges | 65 | €19,837 | €23,125 | +€3,288 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €115,567 | €163,690 | +€48,123 | +41.6% |
| Transfer from deferred taxes | 780 | €9,834 | €2,577 | -€7,257 | -73.8% |
| Transfer to deferred taxes | 680 | - | €23,569 | +€23,569 | |
| Income taxes | 67/77 | €36,153 | €23,694 | -€12,459 | -34.5% |
| Profit (loss) for the period | 9904 | €89,248 | €119,004 | +€29,756 | +33.3% |
| Transfer from tax-exempt reserves | 789 | €470 | €7,731 | +€7,261 | +1,545% |
| Transfer to tax-exempt reserves | 689 | - | €70,707 | +€70,707 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,718 | €56,028 | -€33,690 | -37.6% |
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.