Ets A. MANDY: 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.
Ets A. MANDY
Largest movements
- Cash -€697
down €697 (-1.2%), from €58,470 to €57,773
mainly Net result for the year (-€1,127)
- Profit (loss) carried forward -€1,127
down €1,127 (-35.2%), from -€3,201 to -€4,329
- Gross operating margin +€2,108
up €2,108 (+66.1%), from -€3,191 to -€1,082
- Financial charges +€34
up €34 (+300.0%), from €11 to €45
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 | €59,005 | €57,878 | -€1,127 | -1.9% |
| Current assets | 29/58 | €59,005 | €57,878 | -€1,127 | -1.9% |
| Amounts receivable within one year | 40/41 | €535 | €105 | -€430 | -80.4% |
| Other amounts receivable | 41 | €535 | €105 | -€430 | -80.4% |
| Cash at bank and in hand | 54/58 | €58,470 | €57,773 | -€697 | -1.2% |
| Total equity and liabilities | 10/49 | €59,005 | €57,878 | -€1,127 | -1.9% |
| Equity | 10/15 | €58,799 | €57,671 | -€1,127 | -1.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,201 | -€4,329 | -€1,127 | -35.2% |
| Amounts payable | 17/49 | €207 | €207 | = | 0.0% |
| Amounts payable within one year | 42/48 | €207 | €207 | = | 0.0% |
| Other amounts payable | 47/48 | €207 | €207 | = | 0.0% |
| Gross operating margin | 9900 | -€3,191 | -€1,082 | +€2,108 | +66.1% |
| Operating profit (loss) | 9901 | -€3,191 | -€1,082 | +€2,108 | +66.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €11 | €45 | +€34 | +300.0% |
| Recurring financial charges | 65 | €11 | €45 | +€34 | +300.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,201 | -€1,127 | +€2,074 | +64.8% |
| Profit (loss) for the period | 9904 | -€3,201 | -€1,127 | +€2,074 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,201 | -€1,127 | +€2,074 | +64.8% |
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 9 October 2026 via checked.be.