MENTORE: 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.
MENTORE
Largest movements
- Stocks and contracts +€25,938
new in 2025: €25,938
- Cash -€23,354
down €23,354 (-34.1%), from €68,553 to €45,199
mainly Stocks and contracts (-€25,938) and Trade debts (-€16,811)
- Tangible fixed assets -€16,705
down €16,705 (-14.2%), from €117,301 to €100,596
- Receivables within one year +€9,426
up €9,426 (+171.1%), from €5,510 to €14,936
of which Trade receivables: +€9,426
- Profit (loss) carried forward +€36,572
up €36,572 (+50.6%), from €72,212 to €108,784
- Trade debts -€16,811
no longer reported in 2025 (was €16,811)
- Debts after one year -€15,445
down €15,445 (-81.3%), from €19,003 to €3,559
- Tax, wage and social debts -€9,763
down €9,763 (-26.6%), from €36,692 to €26,929
of which Taxes: -€10,414
- Other debts +€2,005
up €2,005 (+19.3%), from €10,386 to €12,392
- Gross operating margin +€7,502
up €7,502 (+7.9%), from €94,586 to €102,087
- Other operating charges -€2,468
down €2,468 (-77.0%), from €3,207 to €739
- Financial charges +€2,025
up €2,025 (+221.3%), from €915 to €2,941
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 | €191,364 | €187,569 | -€3,796 | -2.0% |
| Fixed assets | 21/28 | €117,301 | €100,596 | -€16,705 | -14.2% |
| Tangible fixed assets | 22/27 | €117,301 | €100,596 | -€16,705 | -14.2% |
| Land and buildings | 22 | €76,084 | €70,613 | -€5,472 | -7.2% |
| Plant, machinery and equipment | 23 | €34,477 | €27,900 | -€6,577 | -19.1% |
| Furniture and vehicles | 24 | €6,740 | €2,083 | -€4,656 | -69.1% |
| Current assets | 29/58 | €74,063 | €86,972 | +€12,909 | +17.4% |
| Stocks and contracts in progress | 3 | - | €25,938 | +€25,938 | |
| Stocks | 30/36 | - | €25,938 | +€25,938 | |
| Amounts receivable within one year | 40/41 | €5,510 | €14,936 | +€9,426 | +171.1% |
| Trade receivables | 40 | - | €9,426 | +€9,426 | |
| Other amounts receivable | 41 | €5,510 | €5,510 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €68,553 | €45,199 | -€23,354 | -34.1% |
| Deferred charges and accrued income | 490/1 | - | €899 | +€899 | |
| Total equity and liabilities | 10/49 | €191,364 | €187,569 | -€3,796 | -2.0% |
| Equity | 10/15 | €92,672 | €129,244 | +€36,572 | +39.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,212 | €108,784 | +€36,572 | +50.6% |
| Amounts payable | 17/49 | €98,692 | €58,325 | -€40,367 | -40.9% |
| Amounts payable after more than one year | 17 | €19,003 | €3,559 | -€15,445 | -81.3% |
| Financial debts | 170/4 | €19,003 | €3,559 | -€15,445 | -81.3% |
| Amounts payable within one year | 42/48 | €79,688 | €54,766 | -€24,923 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €15,799 | €15,445 | -€354 | -2.2% |
| Trade debts | 44 | €16,811 | - | -€16,811 | |
| Suppliers | 440/4 | €16,811 | - | -€16,811 | |
| Taxes, remuneration and social security | 45 | €36,692 | €26,929 | -€9,763 | -26.6% |
| Taxes | 450/3 | €30,247 | €19,833 | -€10,414 | -34.4% |
| Remuneration and social security | 454/9 | €6,445 | €7,097 | +€651 | +10.1% |
| Other amounts payable | 47/48 | €10,386 | €12,392 | +€2,005 | +19.3% |
| Remuneration, social security and pensions | 62 | €29,834 | €30,481 | +€646 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,958 | €19,205 | +€246 | +1.3% |
| Other operating charges | 640/8 | €3,207 | €739 | -€2,468 | -77.0% |
| Non-recurring operating charges | 66A | - | €498 | +€498 | |
| Gross operating margin | 9900 | €94,586 | €102,087 | +€7,502 | +7.9% |
| Operating profit (loss) | 9901 | €42,586 | €51,165 | +€8,579 | +20.1% |
| Financial income | 75/76B | €8 | €94 | +€86 | +1049.5% |
| Recurring financial income | 75 | €8 | €94 | +€86 | +1049.5% |
| Financial charges | 65/66B | €915 | €2,941 | +€2,025 | +221.3% |
| Recurring financial charges | 65 | €915 | €2,941 | +€2,025 | +221.3% |
| Profit (loss) for the period before taxes | 9903 | €41,679 | €48,319 | +€6,640 | +15.9% |
| Income taxes | 67/77 | €11,396 | €11,747 | +€351 | +3.1% |
| Profit (loss) for the period | 9904 | €30,282 | €36,572 | +€6,289 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,282 | €36,572 | +€6,289 | +20.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.