MENTEN: 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.
MENTEN
Largest movements
- Cash +€329,989
up €329,989 (+38.5%), from €856,308 to €1.2m
mainly Net result for the year (+€218,101) and Trade debts (+€83,734)
- Receivables within one year -€27,663
down €27,663 (-7.6%), from €365,743 to €338,080
of which Trade receivables: -€27,758
- Reserves +€218,101
up €218,101 (+16.9%), from €1.3m to €1.5m
of which Distributable reserves: +€218,101
- Trade debts +€83,734
up €83,734 (+22.0%), from €380,295 to €464,028
- Tax, wage and social debts +€43,887
up €43,887 (+82.7%), from €53,036 to €96,923
of which Taxes: +€51,446
- Staff costs -€28,796
down €28,796 (-18.3%), from €157,088 to €128,292
- Gross operating margin +€18,266
up €18,266 (+5.0%), from €365,940 to €384,206
- Taxes +€16,199
up €16,199 (+24.6%), from €65,744 to €81,942
- Financial income +€5,015
up €5,015 (+10.9%), from €46,004 to €51,018
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 | €2,259,781 | €2,595,509 | +€335,728 | +14.9% |
| Fixed assets | 21/28 | €16,719 | €25,267 | +€8,548 | +51.1% |
| Tangible fixed assets | 22/27 | €10,219 | €16,467 | +€6,248 | +61.1% |
| Plant, machinery and equipment | 23 | €7,020 | €11,916 | +€4,896 | +69.7% |
| Furniture and vehicles | 24 | €3,199 | €4,551 | +€1,352 | +42.3% |
| Financial fixed assets | 28 | €6,500 | €8,800 | +€2,300 | +35.4% |
| Current assets | 29/58 | €2,243,062 | €2,570,242 | +€327,180 | +14.6% |
| Stocks and contracts in progress | 3 | €182,536 | €207,448 | +€24,912 | +13.6% |
| Stocks | 30/36 | €182,536 | €207,448 | +€24,912 | +13.6% |
| Amounts receivable within one year | 40/41 | €365,743 | €338,080 | -€27,663 | -7.6% |
| Trade receivables | 40 | €102,878 | €75,120 | -€27,758 | -27.0% |
| Other amounts receivable | 41 | €262,865 | €262,960 | +€95 | 0.0% |
| Current investments | 50/53 | €833,215 | €833,215 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €856,308 | €1,186,297 | +€329,989 | +38.5% |
| Deferred charges and accrued income | 490/1 | €5,260 | €5,202 | -€59 | -1.1% |
| Total equity and liabilities | 10/49 | €2,259,781 | €2,595,509 | +€335,728 | +14.9% |
| Equity | 10/15 | €1,371,388 | €1,589,489 | +€218,101 | +15.9% |
| Contributions | 10/11 | €81,000 | €81,000 | = | 0.0% |
| Capital | 10 | €81,000 | €81,000 | = | 0.0% |
| Issued capital | 100 | €81,000 | €81,000 | = | 0.0% |
| Reserves | 13 | €1,290,388 | €1,508,489 | +€218,101 | +16.9% |
| Non-distributable reserves | 130/1 | €28,800 | €28,800 | = | 0.0% |
| Legal reserve | 130 | €28,800 | €28,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,355 | €2,355 | = | 0.0% |
| Distributable reserves | 133 | €1,259,233 | €1,477,334 | +€218,101 | +17.3% |
| Amounts payable | 17/49 | €888,393 | €1,006,020 | +€117,627 | +13.2% |
| Amounts payable within one year | 42/48 | €888,013 | €1,005,617 | +€117,604 | +13.2% |
| Trade debts | 44 | €380,295 | €464,028 | +€83,734 | +22.0% |
| Suppliers | 440/4 | €380,295 | €464,028 | +€83,734 | +22.0% |
| Taxes, remuneration and social security | 45 | €53,036 | €96,923 | +€43,887 | +82.7% |
| Taxes | 450/3 | €37,824 | €89,270 | +€51,446 | +136% |
| Remuneration and social security | 454/9 | €15,212 | €7,653 | -€7,559 | -49.7% |
| Other amounts payable | 47/48 | €454,682 | €444,666 | -€10,016 | -2.2% |
| Accrued charges and deferred income | 492/3 | €380 | €403 | +€23 | +6.0% |
| Remuneration, social security and pensions | 62 | €157,088 | €128,292 | -€28,796 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,815 | €4,257 | +€442 | +11.6% |
| Other operating charges | 640/8 | €1,836 | €1,930 | +€94 | +5.1% |
| Gross operating margin | 9900 | €365,940 | €384,206 | +€18,266 | +5.0% |
| Operating profit (loss) | 9901 | €203,201 | €249,727 | +€46,526 | +22.9% |
| Financial income | 75/76B | €46,004 | €51,018 | +€5,015 | +10.9% |
| Recurring financial income | 75 | €46,004 | €51,018 | +€5,015 | +10.9% |
| Financial charges | 65/66B | -€968 | €702 | +€1,670 | |
| Recurring financial charges | 65 | -€968 | €702 | +€1,670 | |
| Profit (loss) for the period before taxes | 9903 | €250,172 | €300,043 | +€49,871 | +19.9% |
| Income taxes | 67/77 | €65,744 | €81,942 | +€16,199 | +24.6% |
| Profit (loss) for the period | 9904 | €184,429 | €218,101 | +€33,672 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €184,429 | €218,101 | +€33,672 | +18.3% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.