Mandaco: 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.
Mandaco
Largest movements
- Receivables within one year +€78,805
up €78,805 (+5328.1%), from €1,479 to €80,284
of which Trade receivables: +€69,911
- Cash +€39,080
up €39,080 (+442.2%), from €8,838 to €47,917
mainly Net result for the year (+€54,873) and Other debts (+€47,871)
- Other debts +€47,871
new in 2024: €47,871
- Reserves +€30,000
new in 2024: €30,000
- Profit (loss) carried forward +€22,480
up €22,480, from -€10,113 to €12,367
- Trade debts +€16,816
up €16,816 (+309.7%), from €5,430 to €22,246
- Gross operating margin +€77,122
up €77,122, from -€8,986 to €68,136
- Taxes +€11,190
new in 2024: €11,190
- Financial charges +€1,290
up €1,290 (+326.1%), from €396 to €1,686
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,317 | €128,202 | +€117,885 | +1142.7% |
| Current assets | 29/58 | €10,317 | €128,202 | +€117,885 | +1142.7% |
| Amounts receivable within one year | 40/41 | €1,479 | €80,284 | +€78,805 | +5328.1% |
| Trade receivables | 40 | - | €69,911 | +€69,911 | |
| Other amounts receivable | 41 | €1,479 | €10,374 | +€8,895 | +601.4% |
| Cash at bank and in hand | 54/58 | €8,838 | €47,917 | +€39,080 | +442.2% |
| Total equity and liabilities | 10/49 | €10,317 | €128,202 | +€117,885 | +1142.7% |
| Equity | 10/15 | €4,887 | €57,367 | +€52,480 | +1073.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €30,000 | +€30,000 | |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | -€10,113 | €12,367 | +€22,480 | |
| Amounts payable | 17/49 | €5,430 | €70,835 | +€65,405 | +1204.5% |
| Amounts payable within one year | 42/48 | €5,430 | €70,835 | +€65,405 | +1204.5% |
| Trade debts | 44 | €5,430 | €22,246 | +€16,816 | +309.7% |
| Suppliers | 440/4 | €5,430 | €22,246 | +€16,816 | +309.7% |
| Taxes, remuneration and social security | 45 | - | €718 | +€718 | |
| Taxes | 450/3 | - | €718 | +€718 | |
| Other amounts payable | 47/48 | - | €47,871 | +€47,871 | |
| Other operating charges | 640/8 | €732 | €387 | -€345 | -47.1% |
| Gross operating margin | 9900 | -€8,986 | €68,136 | +€77,122 | |
| Operating profit (loss) | 9901 | -€9,718 | €67,749 | +€77,466 | |
| Financial charges | 65/66B | €396 | €1,686 | +€1,290 | +326.1% |
| Recurring financial charges | 65 | €396 | €1,686 | +€1,290 | +326.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,113 | €66,063 | +€76,176 | |
| Income taxes | 67/77 | - | €11,190 | +€11,190 | |
| Profit (loss) for the period | 9904 | -€10,113 | €54,873 | +€64,986 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,113 | €54,873 | +€64,986 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.