MANDARIN: 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.
MANDARIN
Largest movements
- Receivables within one year +€14,652
up €14,652 (+24.7%), from €59,267 to €73,919
of which Other amounts receivable: +€12,241
- Profit (loss) carried forward +€16,911
up €16,911 (+70.2%), from -€24,095 to -€7,184
- Short-term financial debts -€2,762
no longer reported in 2024 (was €2,762)
- Trade debts +€1,837
up €1,837 (+5.9%), from €30,933 to €32,770
- Tax, wage and social debts -€1,817
down €1,817 (-22.7%), from €8,006 to €6,189
- Gross operating margin -€18,112
down €18,112 (-80.3%), from €22,568 to €4,456
- Taxes -€5,135
down €5,135 (-83.4%), from €6,157 to €1,023
- Financial charges -€310
down €310 (-88.1%), from €352 to €42
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,002 | €79,172 | +€14,169 | +21.8% |
| Fixed assets | 21/28 | €5,508 | €5,161 | -€348 | -6.3% |
| Tangible fixed assets | 22/27 | €5,018 | €4,671 | -€348 | -6.9% |
| Furniture and vehicles | 24 | €5,018 | €4,671 | -€348 | -6.9% |
| Financial fixed assets | 28 | €490 | €490 | = | 0.0% |
| Current assets | 29/58 | €59,494 | €74,011 | +€14,517 | +24.4% |
| Amounts receivable within one year | 40/41 | €59,267 | €73,919 | +€14,652 | +24.7% |
| Trade receivables | 40 | €17,172 | €19,583 | +€2,411 | +14.0% |
| Other amounts receivable | 41 | €42,095 | €54,336 | +€12,241 | +29.1% |
| Cash at bank and in hand | 54/58 | €227 | €92 | -€134 | -59.3% |
| Total equity and liabilities | 10/49 | €65,002 | €79,172 | +€14,169 | +21.8% |
| Equity | 10/15 | -€8,850 | €8,062 | +€16,911 | |
| Contributions | 10/11 | €1,611 | €1,611 | = | 0.0% |
| Reserves | 13 | €13,634 | €13,634 | = | 0.0% |
| Distributable reserves | 133 | €13,634 | €13,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,095 | -€7,184 | +€16,911 | +70.2% |
| Amounts payable | 17/49 | €73,852 | €71,110 | -€2,742 | -3.7% |
| Amounts payable within one year | 42/48 | €73,852 | €71,110 | -€2,742 | -3.7% |
| Financial debts | 43 | €2,762 | - | -€2,762 | |
| Credit institutions | 430/8 | €2,762 | - | -€2,762 | |
| Trade debts | 44 | €30,933 | €32,770 | +€1,837 | +5.9% |
| Suppliers | 440/4 | €30,933 | €32,770 | +€1,837 | +5.9% |
| Taxes, remuneration and social security | 45 | €8,006 | €6,189 | -€1,817 | -22.7% |
| Taxes | 450/3 | €8,006 | €6,189 | -€1,817 | -22.7% |
| Other amounts payable | 47/48 | €32,152 | €32,152 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174 | €174 | = | 0.0% |
| Other operating charges | 640/8 | €767 | €778 | +€11 | +1.5% |
| Gross operating margin | 9900 | €22,568 | €4,456 | -€18,112 | -80.3% |
| Operating profit (loss) | 9901 | €21,628 | €3,505 | -€18,123 | -83.8% |
| Financial charges | 65/66B | €352 | €42 | -€310 | -88.1% |
| Recurring financial charges | 65 | €352 | €42 | -€310 | -88.1% |
| Profit (loss) for the period before taxes | 9903 | €21,276 | €3,463 | -€17,813 | -83.7% |
| Income taxes | 67/77 | €6,157 | €1,023 | -€5,135 | -83.4% |
| Profit (loss) for the period | 9904 | €15,118 | €2,440 | -€12,679 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,118 | €2,440 | -€12,679 | -83.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.