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 -€62,647
down €62,647 (-24.0%), from €261,428 to €198,781
mainly Receivables within one year (-€40,180) and Contributions, distributions and other (-€19,977)
- Receivables within one year +€40,180
up €40,180 (+657%), from €6,117 to €46,297
of which Trade receivables: +€29,289
- Tangible fixed assets -€17,623
down €17,623 (-21.0%), from €83,910 to €66,287
of which Plant, machinery and equipment: -€15,824
- Stocks and contracts +€13,916
up €13,916 (+2,899%), from €480 to €14,396
of which Stocks: +€9,791
- Deferred charges and accrued income +€4,998
up €4,998 (+203%), from €2,463 to €7,461
- Reserves -€11,989
down €11,989 (-5.4%), from €223,781 to €211,792
of which Distributable reserves: -€11,326
- Tax, wage and social debts -€8,219
down €8,219 (-61.5%), from €13,371 to €5,152
of which Taxes: -€7,008
- Gross operating margin -€50,081
down €50,081 (-57.3%), from €87,388 to €37,307
- Taxes -€13,454
down €13,454 (-79.8%), from €16,860 to €3,406
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 | €354,398 | €333,222 | -€21,175 | -6.0% |
| Fixed assets | 21/28 | €83,910 | €66,287 | -€17,623 | -21.0% |
| Tangible fixed assets | 22/27 | €83,910 | €66,287 | -€17,623 | -21.0% |
| Plant, machinery and equipment | 23 | €68,566 | €52,742 | -€15,824 | -23.1% |
| Furniture and vehicles | 24 | €15,344 | €13,545 | -€1,799 | -11.7% |
| Current assets | 29/58 | €270,488 | €266,935 | -€3,553 | -1.3% |
| Stocks and contracts in progress | 3 | €480 | €14,396 | +€13,916 | +2,899% |
| Stocks | 30/36 | €480 | €10,271 | +€9,791 | +2,040% |
| Contracts in progress | 37 | - | €4,125 | +€4,125 | |
| Amounts receivable within one year | 40/41 | €6,117 | €46,297 | +€40,180 | +657% |
| Trade receivables | 40 | €2,736 | €32,025 | +€29,289 | +1,070% |
| Other amounts receivable | 41 | €3,381 | €14,271 | +€10,891 | +322% |
| Cash at bank and in hand | 54/58 | €261,428 | €198,781 | -€62,647 | -24.0% |
| Deferred charges and accrued income | 490/1 | €2,463 | €7,461 | +€4,998 | +203% |
| Total equity and liabilities | 10/49 | €354,398 | €333,222 | -€21,175 | -6.0% |
| Equity | 10/15 | €263,781 | €251,792 | -€11,989 | -4.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €223,781 | €211,792 | -€11,989 | -5.4% |
| Tax-exempt reserves | 132 | €20,402 | €19,739 | -€663 | -3.3% |
| Distributable reserves | 133 | €203,379 | €192,053 | -€11,326 | -5.6% |
| Provisions and deferred taxes | 16 | €413 | €247 | -€166 | -40.2% |
| Deferred taxes | 168 | €413 | €247 | -€166 | -40.2% |
| Amounts payable | 17/49 | €90,204 | €81,184 | -€9,020 | -10.0% |
| Amounts payable after more than one year | 17 | €44,000 | €44,000 | = | 0.0% |
| Other amounts payable | 178/9 | €44,000 | €44,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,012 | €36,984 | -€9,028 | -19.6% |
| Trade debts | 44 | €2,812 | €1,780 | -€1,032 | -36.7% |
| Suppliers | 440/4 | €2,812 | €1,780 | -€1,032 | -36.7% |
| Advances received on contracts in progress | 46 | - | €822 | +€822 | |
| Taxes, remuneration and social security | 45 | €13,371 | €5,152 | -€8,219 | -61.5% |
| Taxes | 450/3 | €8,192 | €1,184 | -€7,008 | -85.5% |
| Remuneration and social security | 454/9 | €5,179 | €3,968 | -€1,211 | -23.4% |
| Other amounts payable | 47/48 | €29,828 | €29,230 | -€599 | -2.0% |
| Accrued charges and deferred income | 492/3 | €192 | €200 | +€8 | +4.0% |
| Non-recurring operating income | 76A | €1,407 | €890 | -€517 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,400 | €19,373 | -€27 | -0.1% |
| Other operating charges | 640/8 | €2,997 | €2,751 | -€246 | -8.2% |
| Gross operating margin | 9900 | €87,388 | €37,307 | -€50,081 | -57.3% |
| Operating profit (loss) | 9901 | €64,991 | €15,183 | -€49,807 | -76.6% |
| Financial income | 75/76B | €0 | €175 | +€175 | +876,650% |
| Recurring financial income | 75 | €0 | €175 | +€175 | +876,650% |
| Financial charges | 65/66B | €3,541 | €4,132 | +€591 | +16.7% |
| Recurring financial charges | 65 | €3,541 | €4,132 | +€591 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €61,450 | €11,227 | -€50,223 | -81.7% |
| Transfer from deferred taxes | 780 | €382 | €166 | -€216 | -56.6% |
| Income taxes | 67/77 | €16,860 | €3,406 | -€13,454 | -79.8% |
| Profit (loss) for the period | 9904 | €44,972 | €7,987 | -€36,985 | -82.2% |
| Transfer from tax-exempt reserves | 789 | €1,529 | €663 | -€866 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,501 | €8,651 | -€37,850 | -81.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.