Ets. Mandy - Mapol: what changed
Two fiscal 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. Mandy - Mapol
Largest movements
- Stocks and contracts +€919,637
up €919,637 (+83.0%), from €1.1m to €2.0m
- Receivables within one year +€517,391
up €517,391 (+17.4%), from €3.0m to €3.5m
of which Trade receivables: +€500,795
- Cash +€158,889
up €158,889 (+217.7%), from €72,990 to €231,878
mainly Debts after one year (+€1.7m) and Depreciation (+€129,166)
- Tangible fixed assets +€147,128
up €147,128 (+39.8%), from €369,307 to €516,435
of which Other tangible fixed assets: +€119,252
- Debts after one year +€1.7m
up €1.7m (+193.9%), from €880,000 to €2.6m
- Other debts +€103,620
up €103,620 (+12.6%), from €819,510 to €923,130
- Trade debts -€86,055
down €86,055 (-3.8%), from €2.2m to €2.2m
- Financial income +€200,497
up €200,497 (+216.0%), from €92,816 to €293,313
- Financial charges +€121,512
up €121,512 (+59.1%), from €205,741 to €327,253
- Gross operating margin -€63,799
down €63,799 (-11.4%), from €559,712 to €495,913
- Staff costs +€31,122
up €31,122 (+13.7%), from €227,061 to €258,183
- Taxes -€16,848
down €16,848 (-47.7%), from €35,343 to €18,495
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 | €4,533,946 | €6,282,321 | +€1.7m | +38.6% |
| Fixed assets | 21/28 | €373,621 | €520,371 | +€146,750 | +39.3% |
| Intangible fixed assets | 21 | €639 | €261 | -€378 | -59.2% |
| Tangible fixed assets | 22/27 | €369,307 | €516,435 | +€147,128 | +39.8% |
| Furniture and vehicles | 24 | €196,629 | €224,505 | +€27,876 | +14.2% |
| Other tangible fixed assets | 26 | €172,678 | €291,930 | +€119,252 | +69.1% |
| Financial fixed assets | 28 | €3,675 | €3,675 | = | 0.0% |
| Current assets | 29/58 | €4,160,325 | €5,761,949 | +€1.6m | +38.5% |
| Stocks and contracts in progress | 3 | €1,107,331 | €2,026,968 | +€919,637 | +83.0% |
| Stocks | 30/36 | €1,107,331 | €2,026,968 | +€919,637 | +83.0% |
| Amounts receivable within one year | 40/41 | €2,971,955 | €3,489,346 | +€517,391 | +17.4% |
| Trade receivables | 40 | €2,886,878 | €3,387,674 | +€500,795 | +17.3% |
| Other amounts receivable | 41 | €85,077 | €101,673 | +€16,596 | +19.5% |
| Cash at bank and in hand | 54/58 | €72,990 | €231,878 | +€158,889 | +217.7% |
| Deferred charges and accrued income | 490/1 | €8,049 | €13,757 | +€5,708 | +70.9% |
| Total equity and liabilities | 10/49 | €4,533,946 | €6,282,321 | +€1.7m | +38.6% |
| Equity | 10/15 | €515,868 | €571,393 | +€55,525 | +10.8% |
| 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% |
| Reserves | 13 | €443,162 | €497,162 | +€54,000 | +12.2% |
| Non-distributable reserves | 130/1 | €15,932 | €15,932 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €9,732 | €9,732 | = | 0.0% |
| Distributable reserves | 133 | €427,230 | €481,230 | +€54,000 | +12.6% |
| Profit (loss) carried forward | 14 | €10,706 | €12,231 | +€1,525 | +14.2% |
| Amounts payable | 17/49 | €4,018,078 | €5,710,928 | +€1.7m | +42.1% |
| Amounts payable after more than one year | 17 | €880,000 | €2,586,566 | +€1.7m | +193.9% |
| Other amounts payable | 178/9 | €880,000 | €2,586,566 | +€1.7m | +193.9% |
| Amounts payable within one year | 42/48 | €3,138,078 | €3,124,362 | -€13,717 | -0.4% |
| Trade debts | 44 | €2,249,933 | €2,163,878 | -€86,055 | -3.8% |
| Suppliers | 440/4 | €2,249,933 | €2,163,878 | -€86,055 | -3.8% |
| Taxes, remuneration and social security | 45 | €68,635 | €37,354 | -€31,282 | -45.6% |
| Taxes | 450/3 | €27,896 | €3,521 | -€24,375 | -87.4% |
| Remuneration and social security | 454/9 | €40,739 | €33,833 | -€6,907 | -17.0% |
| Other amounts payable | 47/48 | €819,510 | €923,130 | +€103,620 | +12.6% |
| Remuneration, social security and pensions | 62 | €227,061 | €258,183 | +€31,122 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,948 | €129,166 | +€10,219 | +8.6% |
| Other operating charges | 640/8 | €8,393 | €604 | -€7,789 | -92.8% |
| Gross operating margin | 9900 | €559,712 | €495,913 | -€63,799 | -11.4% |
| Operating profit (loss) | 9901 | €205,310 | €107,960 | -€97,350 | -47.4% |
| Financial income | 75/76B | €92,816 | €293,313 | +€200,497 | +216.0% |
| Recurring financial income | 75 | €92,816 | €293,313 | +€200,497 | +216.0% |
| Financial charges | 65/66B | €205,741 | €327,253 | +€121,512 | +59.1% |
| Recurring financial charges | 65 | €205,741 | €327,253 | +€121,512 | +59.1% |
| Profit (loss) for the period before taxes | 9903 | €92,384 | €74,020 | -€18,365 | -19.9% |
| Income taxes | 67/77 | €35,343 | €18,495 | -€16,848 | -47.7% |
| Profit (loss) for the period | 9904 | €57,041 | €55,525 | -€1,516 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,041 | €55,525 | -€1,516 | -2.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.