Mentover: 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.
Mentover
Largest movements
- Receivables within one year +€129,034
up €129,034 (+171.1%), from €75,430 to €204,463
of which Trade receivables: +€126,462
- Deferred charges and accrued income -€124,543
down €124,543 (-100.0%), from €124,543 to €0
- Cash -€77,546
down €77,546 (-46.1%), from €168,345 to €90,799
mainly Receivables within one year (-€129,034) and Short-term financial debts (-€85,001)
- Stocks and contracts +€64,785
up €64,785 (+36.2%), from €178,907 to €243,692
- Tangible fixed assets -€43,642
down €43,642 (-9.6%), from €454,181 to €410,540
of which Plant, machinery and equipment: -€32,566
- Short-term financial debts -€85,001
down €85,001 (-50.0%), from €170,001 to €85,000
- Other debts -€44,847
down €44,847 (-56.7%), from €79,120 to €34,273
- Reserves +€26,932
up €26,932 (+226.1%), from €11,912 to €38,844
- Current portion of long-term debt +€14,760
up €14,760 (+18.8%), from €78,531 to €93,291
- Trade debts +€11,765
up €11,765 (+5.7%), from €205,271 to €217,036
- Gross operating margin +€73,813
up €73,813 (+25.7%), from €286,886 to €360,699
- Taxes +€16,839
up €16,839 (+333.1%), from €5,055 to €21,895
- Staff costs +€11,924
up €11,924 (+7.9%), from €151,476 to €163,401
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 | €1,066,406 | €981,994 | -€84,412 | -7.9% |
| Fixed assets | 21/28 | €519,181 | €443,040 | -€76,142 | -14.7% |
| Intangible fixed assets | 21 | €65,000 | €32,500 | -€32,500 | -50.0% |
| Tangible fixed assets | 22/27 | €454,181 | €410,540 | -€43,642 | -9.6% |
| Plant, machinery and equipment | 23 | €417,694 | €385,128 | -€32,566 | -7.8% |
| Furniture and vehicles | 24 | €7,128 | €3,882 | -€3,246 | -45.5% |
| Leasing and similar rights | 25 | €29,359 | €21,530 | -€7,829 | -26.7% |
| Current assets | 29/58 | €547,224 | €538,954 | -€8,270 | -1.5% |
| Stocks and contracts in progress | 3 | €178,907 | €243,692 | +€64,785 | +36.2% |
| Stocks | 30/36 | €178,907 | €243,692 | +€64,785 | +36.2% |
| Amounts receivable within one year | 40/41 | €75,430 | €204,463 | +€129,034 | +171.1% |
| Trade receivables | 40 | €61,564 | €188,026 | +€126,462 | +205.4% |
| Other amounts receivable | 41 | €13,866 | €16,438 | +€2,572 | +18.5% |
| Cash at bank and in hand | 54/58 | €168,345 | €90,799 | -€77,546 | -46.1% |
| Deferred charges and accrued income | 490/1 | €124,543 | €0 | -€124,543 | -100.0% |
| Total equity and liabilities | 10/49 | €1,066,406 | €981,994 | -€84,412 | -7.9% |
| Equity | 10/15 | €18,112 | €45,044 | +€26,932 | +148.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,912 | €38,844 | +€26,932 | +226.1% |
| Distributable reserves | 133 | €11,912 | €38,844 | +€26,932 | +226.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,048,293 | €936,949 | -€111,344 | -10.6% |
| Amounts payable after more than one year | 17 | €487,414 | €477,163 | -€10,251 | -2.1% |
| Financial debts | 170/4 | €487,414 | €477,163 | -€10,251 | -2.1% |
| Amounts payable within one year | 42/48 | €555,043 | €459,240 | -€95,803 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €78,531 | €93,291 | +€14,760 | +18.8% |
| Financial debts | 43 | €170,001 | €85,000 | -€85,001 | -50.0% |
| Credit institutions | 430/8 | €170,001 | €85,000 | -€85,001 | -50.0% |
| Trade debts | 44 | €205,271 | €217,036 | +€11,765 | +5.7% |
| Suppliers | 440/4 | €205,271 | €217,036 | +€11,765 | +5.7% |
| Advances received on contracts in progress | 46 | €1,940 | €0 | -€1,940 | -100.0% |
| Taxes, remuneration and social security | 45 | €20,180 | €29,640 | +€9,461 | +46.9% |
| Taxes | 450/3 | €112 | €8,606 | +€8,495 | +7600.0% |
| Remuneration and social security | 454/9 | €20,068 | €21,034 | +€966 | +4.8% |
| Other amounts payable | 47/48 | €79,120 | €34,273 | -€44,847 | -56.7% |
| Accrued charges and deferred income | 492/3 | €5,836 | €546 | -€5,290 | -90.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €151,476 | €163,401 | +€11,924 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,022 | €83,846 | -€176 | -0.2% |
| Other operating charges | 640/8 | €1,566 | €4,582 | +€3,016 | +192.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €286,886 | €360,699 | +€73,813 | +25.7% |
| Operating profit (loss) | 9901 | €49,822 | €108,870 | +€59,048 | +118.5% |
| Financial income | 75/76B | €1,436 | €1,615 | +€179 | +12.4% |
| Recurring financial income | 75 | €1,436 | €1,615 | +€179 | +12.4% |
| Financial charges | 65/66B | €34,291 | €34,727 | +€436 | +1.3% |
| Recurring financial charges | 65 | €34,291 | €34,727 | +€436 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €16,968 | €75,758 | +€58,791 | +346.5% |
| Income taxes | 67/77 | €5,055 | €21,895 | +€16,839 | +333.1% |
| Profit (loss) for the period | 9904 | €11,912 | €53,864 | +€41,952 | +352.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,912 | €53,864 | +€41,952 | +352.2% |
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 11 October 2026 via checked.be.