Menten - Eckhardt: 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 - Eckhardt
Largest movements
- Receivables within one year -€10,537
down €10,537 (-37.6%), from €28,042 to €17,505
of which Trade receivables: -€8,162
- Cash +€3,172
up €3,172 (+865%), from €367 to €3,538
mainly Receivables within one year (+€10,537) and Trade debts (+€6,203)
- Tangible fixed assets -€319
down €319 (-29.4%), from €1,085 to €766
- Reserves -€10,841
down €10,841 (-95.0%), from €11,408 to €568
- Tax, wage and social debts -€6,817
down €6,817 (-78.3%), from €8,702 to €1,885
of which Taxes: -€6,817
- Trade debts +€6,203
up €6,203 (+618%), from €1,003 to €7,207
- Other debts +€2,358
up €2,358 (+69.8%), from €3,380 to €5,739
- Short-term financial debts +€1,683
new in 2025: €1,683
- Financial charges +€4,309
up €4,309 (+2,767%), from €156 to €4,464
- Gross operating margin -€4,282
down €4,282 (-3,400%), from -€126 to -€4,407
- Other operating charges +€719
up €719 (+117%), from €614 to €1,334
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 | €29,494 | €22,081 | -€7,413 | -25.1% |
| Fixed assets | 21/28 | €1,085 | €766 | -€319 | -29.4% |
| Tangible fixed assets | 22/27 | €1,085 | €766 | -€319 | -29.4% |
| Plant, machinery and equipment | 23 | €1,085 | €766 | -€319 | -29.4% |
| Current assets | 29/58 | €28,409 | €21,315 | -€7,093 | -25.0% |
| Amounts receivable within one year | 40/41 | €28,042 | €17,505 | -€10,537 | -37.6% |
| Trade receivables | 40 | €20,922 | €12,760 | -€8,162 | -39.0% |
| Other amounts receivable | 41 | €7,120 | €4,745 | -€2,375 | -33.4% |
| Cash at bank and in hand | 54/58 | €367 | €3,538 | +€3,172 | +865% |
| Deferred charges and accrued income | 490/1 | - | €273 | +€273 | |
| Total equity and liabilities | 10/49 | €29,494 | €22,081 | -€7,413 | -25.1% |
| Equity | 10/15 | €16,408 | €5,568 | -€10,841 | -66.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,408 | €568 | -€10,841 | -95.0% |
| Distributable reserves | 133 | €11,408 | €568 | -€10,841 | -95.0% |
| Amounts payable | 17/49 | €13,085 | €16,513 | +€3,428 | +26.2% |
| Amounts payable within one year | 42/48 | €13,085 | €16,513 | +€3,428 | +26.2% |
| Financial debts | 43 | - | €1,683 | +€1,683 | |
| Credit institutions | 430/8 | - | €1,683 | +€1,683 | |
| Trade debts | 44 | €1,003 | €7,207 | +€6,203 | +618% |
| Suppliers | 440/4 | €1,003 | €7,207 | +€6,203 | +618% |
| Taxes, remuneration and social security | 45 | €8,702 | €1,885 | -€6,817 | -78.3% |
| Taxes | 450/3 | €8,702 | €1,885 | -€6,817 | -78.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,380 | €5,739 | +€2,358 | +69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319 | €319 | = | 0.0% |
| Other operating charges | 640/8 | €614 | €1,334 | +€719 | +117% |
| Non-recurring operating charges | 66A | €274 | €0 | -€274 | -100% |
| Gross operating margin | 9900 | -€126 | -€4,407 | -€4,282 | -3,400% |
| Operating profit (loss) | 9901 | -€1,333 | -€6,061 | -€4,727 | -355% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €156 | €4,464 | +€4,309 | +2,767% |
| Recurring financial charges | 65 | €156 | €4,464 | +€4,309 | +2,767% |
| Profit (loss) for the period before taxes | 9903 | -€1,489 | -€10,525 | -€9,036 | -607% |
| Income taxes | 67/77 | €292 | €316 | +€23 | +8.0% |
| Profit (loss) for the period | 9904 | -€1,781 | -€10,841 | -€9,059 | -509% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,781 | -€10,841 | -€9,059 | -509% |
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 14 October 2026 via checked.be.