DE MANDARIJN: 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.
DE MANDARIJN
Largest movements
- Cash -€47,211
no longer reported in 2026 (was €47,211)
mainly Receivables within one year (-€45,764) and Net result for the year (-€1,447)
- Receivables within one year +€45,764
up €45,764 (+22.8%), from €200,386 to €246,150
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€16,954
no longer reported in 2026 (was €16,954)
- Gross operating margin +€11,481
up €11,481 (+93.7%), from -€12,253 to -€772
- Financial income -€2,648
no longer reported in 2026 (was €2,648)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,597 | €246,150 | -€1,447 | -0.6% |
| Current assets | 29/58 | €247,597 | €246,150 | -€1,447 | -0.6% |
| Amounts receivable within one year | 40/41 | €200,386 | €246,150 | +€45,764 | +22.8% |
| Other amounts receivable | 41 | €200,386 | €246,150 | +€45,764 | +22.8% |
| Cash at bank and in hand | 54/58 | €47,211 | - | -€47,211 | |
| Total equity and liabilities | 10/49 | €247,597 | €246,150 | -€1,447 | -0.6% |
| Equity | 10/15 | €247,597 | €246,150 | -€1,447 | -0.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €239,188 | €239,188 | = | 0.0% |
| Non-distributable reserves | 130/1 | €239,188 | €239,188 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Other | 1319 | €236,709 | €236,709 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,380 | -€17,827 | -€1,447 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,954 | - | -€16,954 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€12,253 | -€772 | +€11,481 | +93.7% |
| Operating profit (loss) | 9901 | -€29,712 | -€1,292 | +€28,420 | +95.7% |
| Financial income | 75/76B | €2,648 | - | -€2,648 | |
| Recurring financial income | 75 | €2,648 | - | -€2,648 | |
| Financial charges | 65/66B | €163 | €155 | -€8 | -4.9% |
| Recurring financial charges | 65 | €163 | €155 | -€8 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,228 | -€1,447 | +€25,781 | +94.7% |
| Profit (loss) for the period | 9904 | -€27,228 | -€1,447 | +€25,781 | +94.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,228 | -€1,447 | +€25,781 | +94.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.