MENTOR: 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.
MENTOR
Largest movements
- Cash -€158,684
down €158,684 (-66.6%), from €238,333 to €79,650
mainly Other debts (-€100,000) and Stocks and contracts (-€73,783)
- Stocks and contracts +€73,783
up €73,783 (+41.9%), from €175,885 to €249,668
- Tangible fixed assets -€33,118
down €33,118 (-19.6%), from €168,603 to €135,485
of which Land and buildings: -€23,945
- Receivables within one year +€28,939
up €28,939 (+7.4%), from €388,759 to €417,698
of which Trade receivables: +€45,278
- Intangible fixed assets +€15,860
up €15,860 (+1087.2%), from €1,459 to €17,318
- Other debts -€100,000
down €100,000 (-66.7%), from €150,000 to €50,000
- Trade debts +€35,489
up €35,489 (+19.4%), from €183,114 to €218,603
- Debts after one year -€10,077
down €10,077 (-37.4%), from €26,918 to €16,842
- Gross operating margin -€84,140
down €84,140 (-19.5%), from €432,324 to €348,185
- Staff costs +€37,746
up €37,746 (+19.4%), from €194,338 to €232,084
- Taxes -€33,064
down €33,064 (-68.9%), from €47,967 to €14,903
- Other operating charges +€7,335
up €7,335 (+60.3%), from €12,172 to €19,508
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 | €985,072 | €907,797 | -€77,275 | -7.8% |
| Fixed assets | 21/28 | €175,634 | €158,376 | -€17,258 | -9.8% |
| Intangible fixed assets | 21 | €1,459 | €17,318 | +€15,860 | +1087.2% |
| Tangible fixed assets | 22/27 | €168,603 | €135,485 | -€33,118 | -19.6% |
| Land and buildings | 22 | €113,960 | €90,015 | -€23,945 | -21.0% |
| Plant, machinery and equipment | 23 | €53,919 | €44,273 | -€9,646 | -17.9% |
| Furniture and vehicles | 24 | €724 | €1,196 | +€473 | +65.3% |
| Financial fixed assets | 28 | €5,573 | €5,573 | = | 0.0% |
| Current assets | 29/58 | €809,438 | €749,421 | -€60,017 | -7.4% |
| Stocks and contracts in progress | 3 | €175,885 | €249,668 | +€73,783 | +41.9% |
| Stocks | 30/36 | €175,885 | €249,668 | +€73,783 | +41.9% |
| Amounts receivable within one year | 40/41 | €388,759 | €417,698 | +€28,939 | +7.4% |
| Trade receivables | 40 | €360,042 | €405,320 | +€45,278 | +12.6% |
| Other amounts receivable | 41 | €28,717 | €12,378 | -€16,339 | -56.9% |
| Cash at bank and in hand | 54/58 | €238,333 | €79,650 | -€158,684 | -66.6% |
| Deferred charges and accrued income | 490/1 | €6,460 | €2,405 | -€4,055 | -62.8% |
| Total equity and liabilities | 10/49 | €985,072 | €907,797 | -€77,275 | -7.8% |
| Equity | 10/15 | €575,522 | €571,412 | -€4,110 | -0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €112,109 | €112,109 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €93,359 | €93,359 | = | 0.0% |
| Profit (loss) carried forward | 14 | €428,746 | €428,200 | -€546 | -0.1% |
| Investment grants | 15 | €16,075 | €12,511 | -€3,564 | -22.2% |
| Provisions and deferred taxes | 16 | €3,685 | €2,640 | -€1,045 | -28.4% |
| Provisions for liabilities and charges | 160/5 | €3,685 | €2,640 | -€1,045 | -28.4% |
| Environmental obligations | 163 | €3,685 | €2,640 | -€1,045 | -28.4% |
| Amounts payable | 17/49 | €405,865 | €333,745 | -€72,120 | -17.8% |
| Amounts payable after more than one year | 17 | €26,918 | €16,842 | -€10,077 | -37.4% |
| Financial debts | 170/4 | €26,918 | €16,842 | -€10,077 | -37.4% |
| Amounts payable within one year | 42/48 | €378,946 | €316,903 | -€62,043 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €12,280 | €10,077 | -€2,203 | -17.9% |
| Trade debts | 44 | €183,114 | €218,603 | +€35,489 | +19.4% |
| Suppliers | 440/4 | €183,114 | €218,603 | +€35,489 | +19.4% |
| Advances received on contracts in progress | 46 | - | €413 | +€413 | |
| Taxes, remuneration and social security | 45 | €33,553 | €37,810 | +€4,257 | +12.7% |
| Taxes | 450/3 | €13,216 | €13,044 | -€171 | -1.3% |
| Remuneration and social security | 454/9 | €20,337 | €24,766 | +€4,429 | +21.8% |
| Other amounts payable | 47/48 | €150,000 | €50,000 | -€100,000 | -66.7% |
| Remuneration, social security and pensions | 62 | €194,338 | €232,084 | +€37,746 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,363 | €36,670 | +€307 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,628 | -€2,628 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,100 | -€1,045 | +€55 | +5.0% |
| Other operating charges | 640/8 | €12,172 | €19,508 | +€7,335 | +60.3% |
| Gross operating margin | 9900 | €432,324 | €348,185 | -€84,140 | -19.5% |
| Operating profit (loss) | 9901 | €190,551 | €63,596 | -€126,955 | -66.6% |
| Financial income | 75/76B | €7,540 | €4,869 | -€2,670 | -35.4% |
| Recurring financial income | 75 | €7,540 | €4,869 | -€2,670 | -35.4% |
| Financial charges | 65/66B | €4,490 | €4,108 | -€382 | -8.5% |
| Recurring financial charges | 65 | €4,490 | €4,108 | -€382 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €193,600 | €64,357 | -€129,243 | -66.8% |
| Income taxes | 67/77 | €47,967 | €14,903 | -€33,064 | -68.9% |
| Profit (loss) for the period | 9904 | €145,633 | €49,454 | -€96,179 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €145,633 | €49,454 | -€96,179 | -66.0% |
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 4 October 2026 via checked.be.