MANDERLIER ASSURANCES: what changed
MANDERLIER ASSURANCES
Largest movements
- Intangible fixed assets -€71,450
down €71,450 (-22.3%), from €321,081 to €249,631
- Tangible fixed assets +€53,326
up €53,326 (+70.0%), from €76,234 to €129,560
of which Furniture and vehicles: +€53,560
- Receivables within one year -€37,489
down €37,489 (-66.8%), from €56,112 to €18,624
of which Other amounts receivable: -€35,939
- Deferred charges and accrued income +€8,263
up €8,263 (+38.9%), from €21,268 to €29,531
- Other debts -€381,250
down €381,250 (-90.0%), from €423,508 to €42,258
- Debts after one year +€323,168
up €323,168 (+773%), from €41,789 to €364,957
of which Other amounts payable: +€285,419
- Current portion of long-term debt +€13,307
up €13,307 (+96.7%), from €13,764 to €27,071
- Reserves -€11,021
no longer reported in 2025 (was €11,021)
- Staff costs -€26,630
down €26,630 (-35.4%), from €75,203 to €48,572
- Taxes +€6,446
up €6,446 (+90.2%), from €7,149 to €13,595
- Depreciation +€5,345
up €5,345 (+5.8%), from €92,728 to €98,072
- Gross operating margin +€2,356
up €2,356 (+1.2%), from €200,150 to €202,506
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 | €503,131 | €454,270 | -€48,861 | -9.7% |
| Fixed assets | 21/28 | €397,405 | €379,282 | -€18,124 | -4.6% |
| Intangible fixed assets | 21 | €321,081 | €249,631 | -€71,450 | -22.3% |
| Tangible fixed assets | 22/27 | €76,234 | €129,560 | +€53,326 | +70.0% |
| Plant, machinery and equipment | 23 | €2,101 | €1,867 | -€233 | -11.1% |
| Furniture and vehicles | 24 | €74,133 | €127,693 | +€53,560 | +72.2% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €105,725 | €74,988 | -€30,737 | -29.1% |
| Amounts receivable within one year | 40/41 | €56,112 | €18,624 | -€37,489 | -66.8% |
| Trade receivables | 40 | €3,769 | €2,219 | -€1,550 | -41.1% |
| Other amounts receivable | 41 | €52,344 | €16,405 | -€35,939 | -68.7% |
| Cash at bank and in hand | 54/58 | €28,345 | €26,834 | -€1,511 | -5.3% |
| Deferred charges and accrued income | 490/1 | €21,268 | €29,531 | +€8,263 | +38.9% |
| Total equity and liabilities | 10/49 | €503,131 | €454,270 | -€48,861 | -9.7% |
| Equity | 10/15 | €12,421 | €1,400 | -€11,021 | -88.7% |
| Contributions | 10/11 | €1,400 | €1,400 | = | 0.0% |
| Reserves | 13 | €11,021 | - | -€11,021 | |
| Distributable reserves | 133 | €11,021 | - | -€11,021 | |
| Amounts payable | 17/49 | €490,710 | €452,870 | -€37,839 | -7.7% |
| Amounts payable after more than one year | 17 | €41,789 | €364,957 | +€323,168 | +773% |
| Financial debts | 170/4 | €41,789 | €79,538 | +€37,749 | +90.3% |
| Other amounts payable | 178/9 | - | €285,419 | +€285,419 | |
| Amounts payable within one year | 42/48 | €448,921 | €87,886 | -€361,035 | -80.4% |
| Current portion of amounts payable after more than one year | 42 | €13,764 | €27,071 | +€13,307 | +96.7% |
| Trade debts | 44 | €2,483 | €5,775 | +€3,292 | +133% |
| Suppliers | 440/4 | €2,483 | €5,775 | +€3,292 | +133% |
| Taxes, remuneration and social security | 45 | €9,166 | €12,782 | +€3,616 | +39.5% |
| Taxes | 450/3 | €3,000 | €3,357 | +€357 | +11.9% |
| Remuneration and social security | 454/9 | €6,166 | €9,425 | +€3,259 | +52.9% |
| Other amounts payable | 47/48 | €423,508 | €42,258 | -€381,250 | -90.0% |
| Accrued charges and deferred income | 492/3 | - | €27 | +€27 | |
| Remuneration, social security and pensions | 62 | €75,203 | €48,572 | -€26,630 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,728 | €98,072 | +€5,345 | +5.8% |
| Other operating charges | 640/8 | €1,264 | €2,281 | +€1,016 | +80.4% |
| Gross operating margin | 9900 | €200,150 | €202,506 | +€2,356 | +1.2% |
| Operating profit (loss) | 9901 | €30,956 | €53,581 | +€22,626 | +73.1% |
| Financial charges | 65/66B | €2,733 | €2,742 | +€9 | +0.3% |
| Recurring financial charges | 65 | €2,733 | €2,742 | +€9 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €28,223 | €50,839 | +€22,617 | +80.1% |
| Income taxes | 67/77 | €7,149 | €13,595 | +€6,446 | +90.2% |
| Profit (loss) for the period | 9904 | €21,074 | €37,244 | +€16,170 | +76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,074 | €37,244 | +€16,170 | +76.7% |
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 3 November 2026 via checked.be.