Manda Group: 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.
Manda Group
Largest movements
- Receivables within one year +€39,841
up €39,841 (+1451.7%), from €2,744 to €42,585
of which Trade receivables: +€42,073
- Cash -€2,026
down €2,026 (-52.7%), from €3,848 to €1,822
mainly Receivables within one year (-€39,841) and Other debts (-€7,675)
- Tangible fixed assets -€1,593
down €1,593 (-18.1%), from €8,827 to €7,234
of which Furniture and vehicles: -€1,608
- Deferred charges and accrued income -€1,042
down €1,042 (-77.9%), from €1,337 to €295
- Intangible fixed assets -€656
down €656 (-22.3%), from €2,946 to €2,290
- Trade debts +€46,463
up €46,463 (+7387.5%), from €629 to €47,092
- Other debts -€7,675
down €7,675 (-86.1%), from €8,915 to €1,240
- Profit (loss) carried forward -€2,688
down €2,688 (-66.9%), from €4,020 to €1,333
- Tax, wage and social debts -€1,075
down €1,075 (-62.5%), from €1,721 to €646
- Write-downs +€42,585
new in 2023: €42,585
- Gross operating margin +€36,738
up €36,738 (+457.3%), from €8,034 to €44,772
- Taxes -€1,435
down €1,435 (-84.1%), from €1,706 to €271
- Depreciation +€1,365
up €1,365 (+102.2%), from €1,336 to €2,701
- Financial charges +€1,303
up €1,303 (+5210.0%), from €25 to €1,328
of which Non-recurring financial charges: +€1,083
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,787 | €54,310 | +€34,523 | +174.5% |
| Fixed assets | 21/28 | €11,857 | €9,608 | -€2,249 | -19.0% |
| Intangible fixed assets | 21 | €2,946 | €2,290 | -€656 | -22.3% |
| Tangible fixed assets | 22/27 | €8,827 | €7,234 | -€1,593 | -18.1% |
| Plant, machinery and equipment | 23 | €1,606 | €1,621 | +€15 | +0.9% |
| Furniture and vehicles | 24 | €7,221 | €5,613 | -€1,608 | -22.3% |
| Financial fixed assets | 28 | €84 | €84 | = | 0.0% |
| Current assets | 29/58 | €7,929 | €44,702 | +€36,773 | +463.8% |
| Amounts receivable within one year | 40/41 | €2,744 | €42,585 | +€39,841 | +1451.7% |
| Trade receivables | 40 | €512 | €42,585 | +€42,073 | +8217.4% |
| Other amounts receivable | 41 | €2,232 | - | -€2,232 | |
| Cash at bank and in hand | 54/58 | €3,848 | €1,822 | -€2,026 | -52.7% |
| Deferred charges and accrued income | 490/1 | €1,337 | €295 | -€1,042 | -77.9% |
| Total equity and liabilities | 10/49 | €19,787 | €54,310 | +€34,523 | +174.5% |
| Equity | 10/15 | €8,020 | €5,333 | -€2,688 | -33.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,020 | €1,333 | -€2,688 | -66.9% |
| Amounts payable | 17/49 | €11,766 | €48,978 | +€37,211 | +316.2% |
| Amounts payable within one year | 42/48 | €11,265 | €48,978 | +€37,712 | +334.8% |
| Trade debts | 44 | €629 | €47,092 | +€46,463 | +7387.5% |
| Suppliers | 440/4 | €629 | €47,092 | +€46,463 | +7387.5% |
| Taxes, remuneration and social security | 45 | €1,721 | €646 | -€1,075 | -62.5% |
| Taxes | 450/3 | €1,721 | €646 | -€1,075 | -62.5% |
| Other amounts payable | 47/48 | €8,915 | €1,240 | -€7,675 | -86.1% |
| Accrued charges and deferred income | 492/3 | €501 | €0 | -€501 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,336 | €2,701 | +€1,365 | +102.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €42,585 | +€42,585 | |
| Other operating charges | 640/8 | €948 | €575 | -€373 | -39.4% |
| Gross operating margin | 9900 | €8,034 | €44,772 | +€36,738 | +457.3% |
| Operating profit (loss) | 9901 | €5,749 | -€1,089 | -€6,839 | |
| Financial income | 75/76B | €2 | €1 | -€1 | -62.3% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -62.3% |
| Financial charges | 65/66B | €25 | €1,328 | +€1,303 | +5210.0% |
| Recurring financial charges | 65 | €25 | €245 | +€220 | +879.3% |
| Non-recurring financial charges | 66B | - | €1,083 | +€1,083 | |
| Profit (loss) for the period before taxes | 9903 | €5,726 | -€2,416 | -€8,143 | |
| Income taxes | 67/77 | €1,706 | €271 | -€1,435 | -84.1% |
| Profit (loss) for the period | 9904 | €4,020 | -€2,688 | -€6,708 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,020 | -€2,688 | -€6,708 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.