MANDALINA MB: what changed
MANDALINA MB
Largest movements
- Receivables within one year +€8,410
up €8,410 (+529%), from €1,590 to €10,000
of which Trade receivables: +€10,000
- Stocks and contracts -€2,222
down €2,222 (-37.5%), from €5,920 to €3,698
- Cash +€752
up €752 (+168%), from €448 to €1,201
mainly Other debts (+€9,812) and Net result for the year (+€2,449)
- Deferred charges and accrued income -€493
down €493 (-31.2%), from €1,578 to €1,085
- Tangible fixed assets -€400
down €400 (-20.0%), from €2,000 to €1,600
of which Furniture and vehicles: -€2,000
- Other debts +€9,812
up €9,812 (+240%), from €4,096 to €13,908
- Tax, wage and social debts -€6,198
down €6,198 (-50.5%), from €12,281 to €6,083
of which Remuneration and social security: -€7,416
- Profit (loss) carried forward +€2,449
up €2,449 (+12.5%), from -€19,625 to -€17,175
- Gross operating margin +€13,560
up €13,560 (+38.7%), from €35,053 to €48,613
- Staff costs -€4,597
down €4,597 (-10.0%), from €45,895 to €41,299
- Taxes -€4,236
no longer reported in 2025 (was €4,236)
- Write-downs -€2,120
no longer reported in 2025 (was €2,120)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,537 | €17,584 | +€6,047 | +52.4% |
| Fixed assets | 21/28 | €2,000 | €1,600 | -€400 | -20.0% |
| Tangible fixed assets | 22/27 | €2,000 | €1,600 | -€400 | -20.0% |
| Plant, machinery and equipment | 23 | - | €1,600 | +€1,600 | |
| Furniture and vehicles | 24 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €9,537 | €15,984 | +€6,447 | +67.6% |
| Stocks and contracts in progress | 3 | €5,920 | €3,698 | -€2,222 | -37.5% |
| Stocks | 30/36 | €5,920 | €3,698 | -€2,222 | -37.5% |
| Amounts receivable within one year | 40/41 | €1,590 | €10,000 | +€8,410 | +529% |
| Trade receivables | 40 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | €1,590 | - | -€1,590 | |
| Cash at bank and in hand | 54/58 | €448 | €1,201 | +€752 | +168% |
| Deferred charges and accrued income | 490/1 | €1,578 | €1,085 | -€493 | -31.2% |
| Total equity and liabilities | 10/49 | €11,537 | €17,584 | +€6,047 | +52.4% |
| Equity | 10/15 | -€7,625 | -€5,175 | +€2,449 | +32.1% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,625 | -€17,175 | +€2,449 | +12.5% |
| Amounts payable | 17/49 | €19,161 | €22,759 | +€3,598 | +18.8% |
| Amounts payable within one year | 42/48 | €19,161 | €22,759 | +€3,598 | +18.8% |
| Trade debts | 44 | €2,784 | €2,768 | -€17 | -0.6% |
| Suppliers | 440/4 | €2,784 | €2,768 | -€17 | -0.6% |
| Taxes, remuneration and social security | 45 | €12,281 | €6,083 | -€6,198 | -50.5% |
| Taxes | 450/3 | €107 | €1,325 | +€1,218 | +1,138% |
| Remuneration and social security | 454/9 | €12,174 | €4,758 | -€7,416 | -60.9% |
| Other amounts payable | 47/48 | €4,096 | €13,908 | +€9,812 | +240% |
| Remuneration, social security and pensions | 62 | €45,895 | €41,299 | -€4,597 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,387 | €2,400 | +€13 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,120 | - | -€2,120 | |
| Other operating charges | 640/8 | €1,111 | €1,140 | +€28 | +2.6% |
| Gross operating margin | 9900 | €35,053 | €48,613 | +€13,560 | +38.7% |
| Operating profit (loss) | 9901 | -€16,462 | €3,774 | +€20,236 | |
| Financial charges | 65/66B | €1,496 | €1,325 | -€171 | -11.4% |
| Recurring financial charges | 65 | €1,496 | €1,325 | -€171 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,957 | €2,449 | +€20,407 | |
| Income taxes | 67/77 | €4,236 | - | -€4,236 | |
| Profit (loss) for the period | 9904 | -€22,194 | €2,449 | +€24,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,194 | €2,449 | +€24,643 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.