MENSANA: 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.
MENSANA
Largest movements
- Tangible fixed assets +€68,440
up €68,440 (+230%), from €29,749 to €98,188
of which Furniture and vehicles: +€74,418
- Cash +€36,139
up €36,139 (+19.5%), from €185,673 to €221,812
mainly Net result for the year (+€103,083) and Debts after one year (+€35,833)
- Receivables within one year +€18,816
up €18,816 (+46.6%), from €40,420 to €59,236
of which Trade receivables: +€16,315
- Reserves +€73,121
up €73,121 (+20.0%), from €365,910 to €439,031
- Debts after one year +€35,833
new in 2026: €35,833
- Current portion of long-term debt +€9,520
new in 2026: €9,520
- Gross operating margin +€9,281
up €9,281 (+6.1%), from €150,907 to €160,188
- Depreciation +€7,718
up €7,718 (+115%), from €6,698 to €14,417
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €390,721 | €514,532 | +€123,811 | +31.7% |
| Fixed assets | 21/28 | €29,749 | €98,188 | +€68,440 | +230% |
| Tangible fixed assets | 22/27 | €29,749 | €98,188 | +€68,440 | +230% |
| Furniture and vehicles | 24 | €1,430 | €75,848 | +€74,418 | +5,204% |
| Other tangible fixed assets | 26 | €28,319 | €22,340 | -€5,978 | -21.1% |
| Current assets | 29/58 | €360,972 | €416,343 | +€55,371 | +15.3% |
| Amounts receivable within one year | 40/41 | €40,420 | €59,236 | +€18,816 | +46.6% |
| Trade receivables | 40 | €39,455 | €55,770 | +€16,315 | +41.4% |
| Other amounts receivable | 41 | €965 | €3,466 | +€2,501 | +259% |
| Current investments | 50/53 | €133,577 | €133,278 | -€299 | -0.2% |
| Cash at bank and in hand | 54/58 | €185,673 | €221,812 | +€36,139 | +19.5% |
| Deferred charges and accrued income | 490/1 | €1,302 | €2,017 | +€715 | +54.9% |
| Total equity and liabilities | 10/49 | €390,721 | €514,532 | +€123,811 | +31.7% |
| Equity | 10/15 | €367,150 | €440,271 | +€73,121 | +19.9% |
| Contributions | 10/11 | €1,240 | €1,240 | = | 0.0% |
| Reserves | 13 | €365,910 | €439,031 | +€73,121 | +20.0% |
| Distributable reserves | 133 | €365,910 | €439,031 | +€73,121 | +20.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,571 | €74,261 | +€50,690 | +215% |
| Amounts payable after more than one year | 17 | - | €35,833 | +€35,833 | |
| Financial debts | 170/4 | - | €35,833 | +€35,833 | |
| Amounts payable within one year | 42/48 | €23,546 | €38,199 | +€14,653 | +62.2% |
| Current portion of amounts payable after more than one year | 42 | - | €9,520 | +€9,520 | |
| Financial debts | 43 | €209 | €137 | -€73 | -34.6% |
| Credit institutions | 430/8 | €209 | €137 | -€73 | -34.6% |
| Trade debts | 44 | €2,128 | €2,952 | +€824 | +38.7% |
| Suppliers | 440/4 | €2,128 | €2,952 | +€824 | +38.7% |
| Taxes, remuneration and social security | 45 | €20,295 | €20,036 | -€259 | -1.3% |
| Taxes | 450/3 | €20,295 | €20,036 | -€259 | -1.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €913 | €5,554 | +€4,641 | +508% |
| Accrued charges and deferred income | 492/3 | €26 | €229 | +€203 | +793% |
| Non-recurring operating income | 76A | €0 | €17,500 | +€17,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,698 | €14,417 | +€7,718 | +115% |
| Other operating charges | 640/8 | €580 | €867 | +€287 | +49.5% |
| Gross operating margin | 9900 | €150,907 | €160,188 | +€9,281 | +6.1% |
| Operating profit (loss) | 9901 | €143,628 | €144,904 | +€1,276 | +0.9% |
| Financial income | 75/76B | €4,484 | €3,725 | -€759 | -16.9% |
| Recurring financial income | 75 | €4,484 | €3,725 | -€759 | -16.9% |
| Financial charges | 65/66B | €235 | €1,639 | +€1,404 | +598% |
| Recurring financial charges | 65 | €235 | €1,639 | +€1,404 | +598% |
| Profit (loss) for the period before taxes | 9903 | €147,877 | €146,990 | -€887 | -0.6% |
| Income taxes | 67/77 | €43,284 | €43,907 | +€623 | +1.4% |
| Profit (loss) for the period | 9904 | €104,593 | €103,083 | -€1,510 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €104,593 | €103,083 | -€1,510 | -1.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.