MENTOR: 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.
MENTOR
Largest movements
- Receivables after one year +€449,500
up €449,500 (+249%), from €180,500 to €630,000
- Current investments +€45,091
up €45,091 (+56.4%), from €79,909 to €125,000
- Receivables within one year +€39,749
up €39,749 (+64.7%), from €61,391 to €101,140
- Tangible fixed assets -€12,337
down €12,337 (-4.6%), from €269,158 to €256,821
of which Land and buildings: -€11,690
- Debts after one year +€436,235
up €436,235 (+193%), from €225,511 to €661,746
- Reserves +€79,000
up €79,000 (+22.3%), from €355,000 to €434,000
- Tax, wage and social debts +€15,631
up €15,631 (+60.6%), from €25,801 to €41,432
- Financial charges +€22,895
up €22,895 (+628%), from €3,645 to €26,540
- Taxes +€7,990
up €7,990 (+15.5%), from €51,433 to €59,423
- Financial income +€7,839
up €7,839 (+6,532,233%), from €0 to €7,839
- Gross operating margin -€4,733
down €4,733 (-2.0%), from €232,422 to €227,689
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 | €660,534 | €1,194,052 | +€533,517 | +80.8% |
| Fixed assets | 21/28 | €270,412 | €258,075 | -€12,337 | -4.6% |
| Tangible fixed assets | 22/27 | €269,158 | €256,821 | -€12,337 | -4.6% |
| Land and buildings | 22 | €268,511 | €256,821 | -€11,690 | -4.4% |
| Plant, machinery and equipment | 23 | €647 | - | -€647 | |
| Financial fixed assets | 28 | €1,254 | €1,254 | = | 0.0% |
| Current assets | 29/58 | €390,122 | €935,977 | +€545,854 | +140% |
| Amounts receivable after more than one year | 29 | €180,500 | €630,000 | +€449,500 | +249% |
| Other amounts receivable | 291 | €180,500 | €630,000 | +€449,500 | +249% |
| Amounts receivable within one year | 40/41 | €61,391 | €101,140 | +€39,749 | +64.7% |
| Trade receivables | 40 | €61,391 | €101,140 | +€39,749 | +64.7% |
| Current investments | 50/53 | €79,909 | €125,000 | +€45,091 | +56.4% |
| Cash at bank and in hand | 54/58 | €68,323 | €79,837 | +€11,514 | +16.9% |
| Total equity and liabilities | 10/49 | €660,534 | €1,194,052 | +€533,517 | +80.8% |
| Equity | 10/15 | €378,311 | €457,672 | +€79,361 | +21.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €355,000 | €434,000 | +€79,000 | +22.3% |
| Distributable reserves | 133 | €355,000 | €434,000 | +€79,000 | +22.3% |
| Profit (loss) carried forward | 14 | €1,311 | €1,672 | +€361 | +27.5% |
| Amounts payable | 17/49 | €282,223 | €736,380 | +€454,157 | +161% |
| Amounts payable after more than one year | 17 | €225,511 | €661,746 | +€436,235 | +193% |
| Financial debts | 170/4 | €225,511 | €661,746 | +€436,235 | +193% |
| Amounts payable within one year | 42/48 | €56,712 | €74,634 | +€17,922 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €13,618 | €13,765 | +€147 | +1.1% |
| Trade debts | 44 | €1,293 | €3,131 | +€1,838 | +142% |
| Suppliers | 440/4 | €1,293 | €3,131 | +€1,838 | +142% |
| Taxes, remuneration and social security | 45 | €25,801 | €41,432 | +€15,631 | +60.6% |
| Taxes | 450/3 | €25,801 | €41,432 | +€15,631 | +60.6% |
| Other amounts payable | 47/48 | €16,000 | €16,305 | +€305 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,469 | €12,337 | -€132 | -1.1% |
| Other operating charges | 640/8 | €3,030 | €2,867 | -€163 | -5.4% |
| Gross operating margin | 9900 | €232,422 | €227,689 | -€4,733 | -2.0% |
| Operating profit (loss) | 9901 | €216,923 | €212,485 | -€4,437 | -2.0% |
| Financial income | 75/76B | €0 | €7,839 | +€7,839 | +6,532,233% |
| Recurring financial income | 75 | €0 | €7,839 | +€7,839 | +6,532,233% |
| Financial charges | 65/66B | €3,645 | €26,540 | +€22,895 | +628% |
| Recurring financial charges | 65 | €3,645 | €26,540 | +€22,895 | +628% |
| Profit (loss) for the period before taxes | 9903 | €213,278 | €193,784 | -€19,494 | -9.1% |
| Income taxes | 67/77 | €51,433 | €59,423 | +€7,990 | +15.5% |
| Profit (loss) for the period | 9904 | €161,844 | €134,361 | -€27,484 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €161,844 | €134,361 | -€27,484 | -17.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.