Mentall: what changed
What changed
Mentall
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
€119,457
2024 · €14,307+€105,150
Equity
€349,479
2024 · €230,022+€119,457
Cash
€231,869
2024 · €128,791+€103,078
Balance sheet total
€664,444
2024 · €525,726+€138,718
Largest movements
Assets
- Cash +€103,078
up €103,078 (+80.0%), from €128,791 to €231,869
mainly Net result for the year (+€119,457) and Debts after one year (+€36,568)
- Current investments +€46,844
new in 2025: €46,844
- Tangible fixed assets -€15,332
down €15,332 (-19.8%), from €77,257 to €61,925
of which Furniture and vehicles: -€11,218
Equity and liabilities
- Reserves +€119,457
up €119,457 (+54.3%), from €220,022 to €339,479
- Trade debts -€56,493
down €56,493 (-50.6%), from €111,755 to €55,262
- Debts after one year +€36,568
up €36,568 (+62.1%), from €58,898 to €95,466
of which Other amounts payable: +€47,000
- Short-term financial debts +€27,707
new in 2025: €27,707
- Tax, wage and social debts +€11,881
up €11,881 (+12.1%), from €98,045 to €109,926
of which Taxes: +€11,500
Income statement
- Gross operating margin +€138,436
up €138,436 (+34.5%), from €401,715 to €540,151
- Staff costs -€68,085
down €68,085 (-17.6%), from €386,862 to €318,777
- Write-downs +€62,610
up €62,610, from -€37,517 to €25,092
- Taxes +€35,930
up €35,930 (+392%), from €9,162 to €45,092
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€14,307
Gross operating margin
+€138,436
Staff costs
+€68,085
Depreciation
-€1,384
Write-downs
-€62,610
Other operating charges
+€762
Financial income
+€404
Financial charges
-€2,614
Taxes
-€35,930
Result 2025
€119,457
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€94,450
Investment
-€56,106
Financing
+€64,735
Cash 2024
€128,791
From operations (derived)
+€94,450
Net result for the year
+€119,457
Depreciation
+€24,595
Receivables within one year
-€3,304
Deferred charges and accrued income
-€824
Trade debts
-€56,493
Tax, wage and social debts
+€11,881
Other debts
-€1,176
Accrued charges and deferred income
+€314
Investment (derived)
-€56,106
Investment in fixed assets (net)
-€9,262
Current investments
-€46,844
Financing
+€64,735
Debts after one year
+€36,568
Current portion of long-term debt
+€459
Short-term financial debts
+€27,707
Cash 2025
€231,869
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €525,726 | €664,444 | +€138,718 | +26.4% |
| Fixed assets | 21/28 | €79,807 | €64,475 | -€15,332 | -19.2% |
| Tangible fixed assets | 22/27 | €77,257 | €61,925 | -€15,332 | -19.8% |
| Plant, machinery and equipment | 23 | €13,154 | €9,040 | -€4,114 | -31.3% |
| Furniture and vehicles | 24 | €64,103 | €52,885 | -€11,218 | -17.5% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €445,919 | €599,969 | +€154,050 | +34.5% |
| Amounts receivable within one year | 40/41 | €315,280 | €318,584 | +€3,304 | +1.0% |
| Trade receivables | 40 | €315,123 | €315,140 | +€17 | 0.0% |
| Other amounts receivable | 41 | €157 | €3,444 | +€3,286 | +2,088% |
| Current investments | 50/53 | - | €46,844 | +€46,844 | |
| Cash at bank and in hand | 54/58 | €128,791 | €231,869 | +€103,078 | +80.0% |
| Deferred charges and accrued income | 490/1 | €1,848 | €2,672 | +€824 | +44.6% |
| Total equity and liabilities | 10/49 | €525,726 | €664,444 | +€138,718 | +26.4% |
| Equity | 10/15 | €230,022 | €349,479 | +€119,457 | +51.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €220,022 | €339,479 | +€119,457 | +54.3% |
| Distributable reserves | 133 | €220,022 | €339,479 | +€119,457 | +54.3% |
| Amounts payable | 17/49 | €295,704 | €314,965 | +€19,260 | +6.5% |
| Amounts payable after more than one year | 17 | €58,898 | €95,466 | +€36,568 | +62.1% |
| Financial debts | 170/4 | €28,898 | €18,466 | -€10,432 | -36.1% |
| Other amounts payable | 178/9 | €30,000 | €77,000 | +€47,000 | +157% |
| Amounts payable within one year | 42/48 | €235,002 | €217,381 | -€17,621 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €9,973 | €10,432 | +€459 | +4.6% |
| Financial debts | 43 | - | €27,707 | +€27,707 | |
| Credit institutions | 430/8 | - | €27,707 | +€27,707 | |
| Trade debts | 44 | €111,755 | €55,262 | -€56,493 | -50.6% |
| Suppliers | 440/4 | €111,755 | €55,262 | -€56,493 | -50.6% |
| Taxes, remuneration and social security | 45 | €98,045 | €109,926 | +€11,881 | +12.1% |
| Taxes | 450/3 | €47,855 | €59,355 | +€11,500 | +24.0% |
| Remuneration and social security | 454/9 | €50,190 | €50,571 | +€381 | +0.8% |
| Other amounts payable | 47/48 | €15,229 | €14,053 | -€1,176 | -7.7% |
| Accrued charges and deferred income | 492/3 | €1,805 | €2,118 | +€314 | +17.4% |
| Remuneration, social security and pensions | 62 | €386,862 | €318,777 | -€68,085 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,211 | €24,595 | +€1,384 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€37,517 | €25,092 | +€62,610 | |
| Other operating charges | 640/8 | €2,149 | €1,388 | -€762 | -35.4% |
| Gross operating margin | 9900 | €401,715 | €540,151 | +€138,436 | +34.5% |
| Operating profit (loss) | 9901 | €27,010 | €170,300 | +€143,290 | +530% |
| Financial income | 75/76B | €1,271 | €1,675 | +€404 | +31.8% |
| Recurring financial income | 75 | €1,271 | €1,675 | +€404 | +31.8% |
| Financial charges | 65/66B | €4,812 | €7,426 | +€2,614 | +54.3% |
| Recurring financial charges | 65 | €4,812 | €7,426 | +€2,614 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | €23,469 | €164,550 | +€141,080 | +601% |
| Income taxes | 67/77 | €9,162 | €45,092 | +€35,930 | +392% |
| Profit (loss) for the period | 9904 | €14,307 | €119,457 | +€105,150 | +735% |
| Profit (loss) for the period to be appropriated | 9905 | €14,307 | €119,457 | +€105,150 | +735% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.