THE MEN'S: 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.
THE MEN'S
Largest movements
- Cash +€3,201
up €3,201 (+93.5%), from €3,425 to €6,626
mainly Other debts (+€5,750) and Receivables within one year (+€692)
- Receivables within one year -€692
down €692 (-68.3%), from €1,014 to €322
- Deferred charges and accrued income -€264
no longer reported in 2025 (was €264)
- Other debts +€5,750
up €5,750 (+233%), from €2,472 to €8,222
- Profit (loss) carried forward -€3,166
down €3,166 (-18.8%), from -€16,801 to -€19,967
- Trade debts -€339
down €339 (-78.7%), from €431 to €92
- Gross operating margin -€2,075
down €2,075, from €261 to -€1,814
- Purchases and services +€1,274
up €1,274 (+5.0%), from €25,268 to €26,542
- Taxes +€910
new in 2025: €910
- Other operating charges -€823
down €823 (-67.3%), from €1,222 to €400
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 | €4,702 | €6,947 | +€2,245 | +47.7% |
| Current assets | 29/58 | €4,702 | €6,947 | +€2,245 | +47.7% |
| Amounts receivable within one year | 40/41 | €1,014 | €322 | -€692 | -68.3% |
| Other amounts receivable | 41 | €1,014 | €322 | -€692 | -68.3% |
| Cash at bank and in hand | 54/58 | €3,425 | €6,626 | +€3,201 | +93.5% |
| Deferred charges and accrued income | 490/1 | €264 | - | -€264 | |
| Total equity and liabilities | 10/49 | €4,702 | €6,947 | +€2,245 | +47.7% |
| Equity | 10/15 | €1,799 | -€1,367 | -€3,166 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,801 | -€19,967 | -€3,166 | -18.8% |
| Amounts payable | 17/49 | €2,904 | €8,314 | +€5,411 | +186% |
| Amounts payable within one year | 42/48 | €2,904 | €8,314 | +€5,411 | +186% |
| Trade debts | 44 | €431 | €92 | -€339 | -78.7% |
| Suppliers | 440/4 | €431 | €92 | -€339 | -78.7% |
| Other amounts payable | 47/48 | €2,472 | €8,222 | +€5,750 | +233% |
| Goods, raw materials, services and sundry goods | 60/61 | €25,268 | €26,542 | +€1,274 | +5.0% |
| Other operating charges | 640/8 | €1,222 | €400 | -€823 | -67.3% |
| Gross operating margin | 9900 | €261 | -€1,814 | -€2,075 | |
| Operating profit (loss) | 9901 | -€962 | -€2,214 | -€1,252 | -130% |
| Financial charges | 65/66B | €44 | €42 | -€2 | -4.1% |
| Recurring financial charges | 65 | €44 | €42 | -€2 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,005 | -€2,256 | -€1,250 | -124% |
| Income taxes | 67/77 | - | €910 | +€910 | |
| Profit (loss) for the period | 9904 | -€1,005 | -€3,166 | -€2,160 | -215% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,005 | -€3,166 | -€2,160 | -215% |
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 1 November 2026 via checked.be.