MENT: what changed
Two fiscal 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.
MENT
Largest movements
- Receivables after one year -€297,935
down €297,935 (-42.2%), from €705,764 to €407,828
- Receivables within one year -€74,126
down €74,126 (-44.8%), from €165,435 to €91,309
of which Trade receivables: -€41,775
- Cash -€38,288
down €38,288 (-32.4%), from €118,000 to €79,712
mainly Other debts (-€366,082) and Net result for the year (-€49,890)
- Tangible fixed assets -€25,880
down €25,880 (-31.5%), from €82,156 to €56,276
- Other debts -€366,082
down €366,082 (-47.3%), from €774,263 to €408,181
- Reserves -€47,980
down €47,980 (-12.8%), from €375,385 to €327,405
- Tax, wage and social debts -€15,677
down €15,677 (-51.6%), from €30,404 to €14,727
of which Taxes: -€15,784
- Gross operating margin -€119,476
down €119,476, from €117,662 to -€1,814
- Taxes -€25,577
down €25,577 (-100.0%), from €25,577 to €0
- Financial charges -€22,932
down €22,932 (-35.4%), from €64,766 to €41,834
- Financial income -€19,310
down €19,310 (-44.1%), from €43,775 to €24,466
- Other operating charges -€9,237
down €9,237 (-65.7%), from €14,065 to €4,828
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 | €1,207,765 | €771,994 | -€435,771 | -36.1% |
| Fixed assets | 21/28 | €215,556 | €189,676 | -€25,880 | -12.0% |
| Tangible fixed assets | 22/27 | €82,156 | €56,276 | -€25,880 | -31.5% |
| Furniture and vehicles | 24 | €82,156 | €56,276 | -€25,880 | -31.5% |
| Financial fixed assets | 28 | €133,400 | €133,400 | = | 0.0% |
| Current assets | 29/58 | €992,209 | €582,318 | -€409,892 | -41.3% |
| Amounts receivable after more than one year | 29 | €705,764 | €407,828 | -€297,935 | -42.2% |
| Other amounts receivable | 291 | €705,764 | €407,828 | -€297,935 | -42.2% |
| Amounts receivable within one year | 40/41 | €165,435 | €91,309 | -€74,126 | -44.8% |
| Trade receivables | 40 | €58,110 | €16,335 | -€41,775 | -71.9% |
| Other amounts receivable | 41 | €107,325 | €74,974 | -€32,351 | -30.1% |
| Cash at bank and in hand | 54/58 | €118,000 | €79,712 | -€38,288 | -32.4% |
| Deferred charges and accrued income | 490/1 | €3,010 | €3,468 | +€458 | +15.2% |
| Total equity and liabilities | 10/49 | €1,207,765 | €771,994 | -€435,771 | -36.1% |
| Equity | 10/15 | €399,379 | €347,752 | -€51,628 | -12.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €375,385 | €327,405 | -€47,980 | -12.8% |
| Distributable reserves | 133 | €375,385 | €327,405 | -€47,980 | -12.8% |
| Profit (loss) carried forward | 14 | €3,994 | €347 | -€3,647 | -91.3% |
| Amounts payable | 17/49 | €808,386 | €424,242 | -€384,144 | -47.5% |
| Amounts payable within one year | 42/48 | €808,386 | €424,242 | -€384,144 | -47.5% |
| Trade debts | 44 | €3,719 | €1,334 | -€2,385 | -64.1% |
| Suppliers | 440/4 | €3,719 | €1,334 | -€2,385 | -64.1% |
| Taxes, remuneration and social security | 45 | €30,404 | €14,727 | -€15,677 | -51.6% |
| Taxes | 450/3 | €28,704 | €12,920 | -€15,784 | -55.0% |
| Remuneration and social security | 454/9 | €1,700 | €1,807 | +€107 | +6.3% |
| Other amounts payable | 47/48 | €774,263 | €408,181 | -€366,082 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,890 | €25,880 | +€8,989 | +53.2% |
| Other operating charges | 640/8 | €14,065 | €4,828 | -€9,237 | -65.7% |
| Gross operating margin | 9900 | €117,662 | -€1,814 | -€119,476 | |
| Operating profit (loss) | 9901 | €86,707 | -€32,521 | -€119,228 | |
| Financial income | 75/76B | €43,775 | €24,466 | -€19,310 | -44.1% |
| Recurring financial income | 75 | €43,775 | €24,466 | -€19,310 | -44.1% |
| Financial charges | 65/66B | €64,766 | €41,834 | -€22,932 | -35.4% |
| Recurring financial charges | 65 | €64,766 | €41,834 | -€22,932 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €65,716 | -€49,890 | -€115,606 | |
| Income taxes | 67/77 | €25,577 | €0 | -€25,577 | -100.0% |
| Profit (loss) for the period | 9904 | €40,139 | -€49,890 | -€90,029 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,139 | -€49,890 | -€90,029 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.