MENTEN: 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.
MENTEN
Largest movements
- Cash +€26,413
up €26,413 (+17.2%), from €153,495 to €179,908
mainly Other debts (+€70,717) and Net result for the year (+€34,372)
- Tangible fixed assets -€14,741
down €14,741 (-10.8%), from €135,886 to €121,145
of which Other tangible fixed assets: -€10,526
- Stocks and contracts +€11,600
up €11,600 (+36.6%), from €31,702 to €43,302
- Other debts +€70,717
up €70,717 (+140.7%), from €50,252 to €120,970
- Reserves -€62,993
down €62,993 (-17.4%), from €361,132 to €298,139
- Tax, wage and social debts +€23,833
up €23,833 (+126.4%), from €18,850 to €42,683
of which Taxes: +€12,037
- Debts after one year -€9,908
down €9,908 (-15.8%), from €62,535 to €52,627
- Staff costs -€25,634
down €25,634 (-18.3%), from €139,871 to €114,237
- Financial income +€10,212
up €10,212 (+307.1%), from €3,326 to €13,537
- Taxes +€9,809
up €9,809 (+202.5%), from €4,844 to €14,652
- Gross operating margin -€8,469
down €8,469 (-4.3%), from €196,563 to €188,094
- Financial charges -€5,113
down €5,113 (-28.3%), from €18,038 to €12,925
of which Financial charges: -€7,339
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 | €541,743 | €559,556 | +€17,813 | +3.3% |
| Fixed assets | 21/28 | €135,886 | €121,145 | -€14,741 | -10.8% |
| Tangible fixed assets | 22/27 | €135,886 | €121,145 | -€14,741 | -10.8% |
| Plant, machinery and equipment | 23 | €8,214 | €7,563 | -€650 | -7.9% |
| Furniture and vehicles | 24 | €29,166 | €25,601 | -€3,565 | -12.2% |
| Other tangible fixed assets | 26 | €98,506 | €87,981 | -€10,526 | -10.7% |
| Current assets | 29/58 | €405,858 | €438,411 | +€32,553 | +8.0% |
| Stocks and contracts in progress | 3 | €31,702 | €43,302 | +€11,600 | +36.6% |
| Stocks | 30/36 | €31,702 | €43,302 | +€11,600 | +36.6% |
| Amounts receivable within one year | 40/41 | €12,064 | €7,298 | -€4,766 | -39.5% |
| Trade receivables | 40 | €4,696 | €5,950 | +€1,254 | +26.7% |
| Other amounts receivable | 41 | €7,368 | €1,348 | -€6,019 | -81.7% |
| Current investments | 50/53 | €204,943 | €204,943 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €153,495 | €179,908 | +€26,413 | +17.2% |
| Deferred charges and accrued income | 490/1 | €3,653 | €2,959 | -€694 | -19.0% |
| Total equity and liabilities | 10/49 | €541,743 | €559,556 | +€17,813 | +3.3% |
| Equity | 10/15 | €379,732 | €316,739 | -€62,993 | -16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €361,132 | €298,139 | -€62,993 | -17.4% |
| Distributable reserves | 133 | €361,132 | €298,139 | -€62,993 | -17.4% |
| Amounts payable | 17/49 | €162,011 | €242,816 | +€80,805 | +49.9% |
| Amounts payable after more than one year | 17 | €62,535 | €52,627 | -€9,908 | -15.8% |
| Financial debts | 170/4 | €62,535 | €52,627 | -€9,908 | -15.8% |
| Amounts payable within one year | 42/48 | €99,476 | €190,190 | +€90,714 | +91.2% |
| Current portion of amounts payable after more than one year | 42 | €18,120 | €13,967 | -€4,152 | -22.9% |
| Trade debts | 44 | €12,254 | €12,569 | +€316 | +2.6% |
| Suppliers | 440/4 | €12,254 | €12,569 | +€316 | +2.6% |
| Taxes, remuneration and social security | 45 | €18,850 | €42,683 | +€23,833 | +126.4% |
| Taxes | 450/3 | €8,498 | €20,535 | +€12,037 | +141.6% |
| Remuneration and social security | 454/9 | €10,352 | €22,148 | +€11,797 | +114.0% |
| Other amounts payable | 47/48 | €50,252 | €120,970 | +€70,717 | +140.7% |
| Non-recurring operating income | 76A | - | €4,078 | +€4,078 | |
| Remuneration, social security and pensions | 62 | €139,871 | €114,237 | -€25,634 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,657 | €23,727 | -€3,931 | -14.2% |
| Other operating charges | 640/8 | €2,079 | €1,718 | -€361 | -17.4% |
| Gross operating margin | 9900 | €196,563 | €188,094 | -€8,469 | -4.3% |
| Operating profit (loss) | 9901 | €26,956 | €48,412 | +€21,456 | +79.6% |
| Financial income | 75/76B | €3,326 | €13,537 | +€10,212 | +307.1% |
| Recurring financial income | 75 | €3,326 | €13,537 | +€10,212 | +307.1% |
| Financial charges | 65/66B | €18,038 | €12,925 | -€5,113 | -28.3% |
| Recurring financial charges | 65 | €18,038 | €10,699 | -€7,339 | -40.7% |
| Non-recurring financial charges | 66B | - | €2,226 | +€2,226 | |
| Profit (loss) for the period before taxes | 9903 | €12,243 | €49,025 | +€36,781 | +300.4% |
| Income taxes | 67/77 | €4,844 | €14,652 | +€9,809 | +202.5% |
| Profit (loss) for the period | 9904 | €7,400 | €34,372 | +€26,973 | +364.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,400 | €34,372 | +€26,973 | +364.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.