MANDARIM: 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.
MANDARIM
Largest movements
- Receivables within one year -€6,371
down €6,371 (-42.3%), from €15,052 to €8,681
of which Trade receivables: -€8,702
- Cash -€315
down €315 (-4.5%), from €7,003 to €6,688
mainly Net result for the year (-€9,594) and Tax, wage and social debts (-€414)
- Profit (loss) carried forward -€9,594
down €9,594 (-731%), from -€1,313 to -€10,907
- Trade debts +€2,922
up €2,922 (+24.5%), from €11,928 to €14,850
- Tax, wage and social debts -€414
down €414 (-17.0%), from €2,439 to €2,026
- Accrued charges and deferred income +€400
new in 2025: €400
- Purchases and services -€29,597
no longer reported in 2025 (was €29,597)
- Turnover -€29,095
no longer reported in 2025 (was €29,095)
- Gross operating margin -€8,339
down €8,339 (-1,660%), from -€502 to -€8,841
- Other operating charges -€406
down €406 (-50.4%), from €806 to €400
- Financial charges +€348
up €348 (+7,132%), from €5 to €353
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.
Derived cash bridge
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 | €22,055 | €15,369 | -€6,686 | -30.3% |
| Current assets | 29/58 | €22,055 | €15,369 | -€6,686 | -30.3% |
| Amounts receivable within one year | 40/41 | €15,052 | €8,681 | -€6,371 | -42.3% |
| Trade receivables | 40 | €15,052 | €6,349 | -€8,702 | -57.8% |
| Other amounts receivable | 41 | €0 | €2,332 | +€2,332 | |
| Cash at bank and in hand | 54/58 | €7,003 | €6,688 | -€315 | -4.5% |
| Total equity and liabilities | 10/49 | €22,055 | €15,369 | -€6,686 | -30.3% |
| Equity | 10/15 | €7,687 | -€1,907 | -€9,594 | |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,313 | -€10,907 | -€9,594 | -731% |
| Amounts payable | 17/49 | €14,368 | €17,276 | +€2,908 | +20.2% |
| Amounts payable within one year | 42/48 | €14,368 | €16,876 | +€2,508 | +17.5% |
| Trade debts | 44 | €11,928 | €14,850 | +€2,922 | +24.5% |
| Suppliers | 440/4 | €11,928 | €14,850 | +€2,922 | +24.5% |
| Taxes, remuneration and social security | 45 | €2,439 | €2,026 | -€414 | -17.0% |
| Taxes | 450/3 | €2,439 | €2,026 | -€414 | -17.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Turnover | 70 | €29,095 | - | -€29,095 | |
| Goods, raw materials, services and sundry goods | 60/61 | €29,597 | - | -€29,597 | |
| Other operating charges | 640/8 | €806 | €400 | -€406 | -50.4% |
| Gross operating margin | 9900 | -€502 | -€8,841 | -€8,339 | -1,660% |
| Operating profit (loss) | 9901 | -€1,308 | -€9,241 | -€7,932 | -606% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5 | €353 | +€348 | +7,132% |
| Recurring financial charges | 65 | €5 | €353 | +€348 | +7,132% |
| Profit (loss) for the period before taxes | 9903 | -€1,313 | -€9,594 | -€8,280 | -631% |
| Profit (loss) for the period | 9904 | -€1,313 | -€9,594 | -€8,280 | -631% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,313 | -€9,594 | -€8,280 | -631% |
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 14 October 2026 via checked.be.