MaaNdammi: 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.
MaaNdammi
Largest movements
- Tangible fixed assets +€186,437
up €186,437 (+1888.5%), from €9,872 to €196,309
of which Land and buildings: +€189,551
- Receivables within one year -€10,089
down €10,089 (-24.3%), from €41,594 to €31,504
of which Trade receivables: -€10,209
- Cash -€9,288
down €9,288 (-16.3%), from €56,902 to €47,614
mainly Investment in fixed assets (net) (-€197,512) and Trade debts (-€7,032)
- Deferred charges and accrued income +€6,645
up €6,645 (+113.5%), from €5,855 to €12,500
- Debts after one year +€127,533
new in 2025: €127,533
- Reserves +€40,000
up €40,000 (+44.4%), from €90,000 to €130,000
- Profit (loss) carried forward +€11,088
up €11,088 (+410.8%), from €2,699 to €13,787
- Trade debts -€7,032
down €7,032 (-91.8%), from €7,663 to €631
- Current portion of long-term debt +€6,853
new in 2025: €6,853
- Gross operating margin -€45,562
down €45,562 (-37.2%), from €122,503 to €76,941
- Taxes -€13,199
down €13,199 (-50.2%), from €26,316 to €13,118
- Depreciation +€9,606
up €9,606 (+654.1%), from €1,469 to €11,075
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 | €114,223 | €287,927 | +€173,704 | +152.1% |
| Fixed assets | 21/28 | €9,872 | €196,309 | +€186,437 | +1888.5% |
| Tangible fixed assets | 22/27 | €9,872 | €196,309 | +€186,437 | +1888.5% |
| Land and buildings | 22 | - | €189,551 | +€189,551 | |
| Furniture and vehicles | 24 | €9,872 | €6,757 | -€3,115 | -31.6% |
| Current assets | 29/58 | €104,351 | €91,618 | -€12,732 | -12.2% |
| Amounts receivable within one year | 40/41 | €41,594 | €31,504 | -€10,089 | -24.3% |
| Trade receivables | 40 | €41,594 | €31,384 | -€10,209 | -24.5% |
| Other amounts receivable | 41 | - | €120 | +€120 | |
| Cash at bank and in hand | 54/58 | €56,902 | €47,614 | -€9,288 | -16.3% |
| Deferred charges and accrued income | 490/1 | €5,855 | €12,500 | +€6,645 | +113.5% |
| Total equity and liabilities | 10/49 | €114,223 | €287,927 | +€173,704 | +152.1% |
| Equity | 10/15 | €93,699 | €144,787 | +€51,088 | +54.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €90,000 | €130,000 | +€40,000 | +44.4% |
| Distributable reserves | 133 | €90,000 | €130,000 | +€40,000 | +44.4% |
| Profit (loss) carried forward | 14 | €2,699 | €13,787 | +€11,088 | +410.8% |
| Amounts payable | 17/49 | €20,524 | €143,140 | +€122,616 | +597.4% |
| Amounts payable after more than one year | 17 | - | €127,533 | +€127,533 | |
| Financial debts | 170/4 | - | €127,533 | +€127,533 | |
| Amounts payable within one year | 42/48 | €20,524 | €15,463 | -€5,061 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,853 | +€6,853 | |
| Trade debts | 44 | €7,663 | €631 | -€7,032 | -91.8% |
| Suppliers | 440/4 | €7,663 | €631 | -€7,032 | -91.8% |
| Taxes, remuneration and social security | 45 | €10,570 | €5,828 | -€4,742 | -44.9% |
| Taxes | 450/3 | €10,570 | €5,828 | -€4,742 | -44.9% |
| Other amounts payable | 47/48 | €2,290 | €2,151 | -€139 | -6.1% |
| Accrued charges and deferred income | 492/3 | - | €144 | +€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,469 | €11,075 | +€9,606 | +654.1% |
| Other operating charges | 640/8 | - | €176 | +€176 | |
| Gross operating margin | 9900 | €122,503 | €76,941 | -€45,562 | -37.2% |
| Operating profit (loss) | 9901 | €121,034 | €65,690 | -€55,344 | -45.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €418 | €1,485 | +€1,066 | +254.9% |
| Recurring financial charges | 65 | €418 | €1,485 | +€1,066 | +254.9% |
| Profit (loss) for the period before taxes | 9903 | €120,616 | €64,205 | -€56,410 | -46.8% |
| Income taxes | 67/77 | €26,316 | €13,118 | -€13,199 | -50.2% |
| Profit (loss) for the period | 9904 | €94,299 | €51,088 | -€43,211 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €94,299 | €51,088 | -€43,211 | -45.8% |
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 10 October 2026 via checked.be.