MANDHOO: 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.
MANDHOO
Largest movements
- Tangible fixed assets +€68,296
up €68,296, from €0 to €68,296
- Receivables within one year -€3,473
down €3,473 (-48.7%), from €7,127 to €3,654
of which Other amounts receivable: -€1,966
- Cash +€1,900
up €1,900 (+1171.6%), from €162 to €2,062
mainly Other debts (+€54,156) and Net result for the year (+€15,014)
- Other debts +€54,156
new in 2025: €54,156
- Profit (loss) carried forward +€43,266
up €43,266 (+96.2%), from -€44,958 to -€1,692
- Reserves -€28,252
down €28,252 (-93.8%), from €30,112 to €1,860
of which Distributable reserves: -€28,252
- Tax, wage and social debts -€2,195
down €2,195 (-34.2%), from €6,419 to €4,225
of which Remuneration and social security: -€1,500
- Short-term financial debts -€2,166
down €2,166 (-100.0%), from €2,166 to €0
- Gross operating margin +€24,438
up €24,438 (+348.5%), from €7,012 to €31,450
- Depreciation +€10,750
up €10,750 (+5954.3%), from €181 to €10,931
- Taxes +€1,497
up €1,497 (+234.3%), from €639 to €2,136
- Financial charges +€1,245
up €1,245 (+95.7%), from €1,301 to €2,546
- Other operating charges -€759
down €759 (-48.0%), from €1,583 to €823
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.
Cash bridge derived
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 | €8,729 | €74,914 | +€66,185 | +758.2% |
| Fixed assets | 21/28 | €0 | €68,296 | +€68,296 | |
| Tangible fixed assets | 22/27 | €0 | €68,296 | +€68,296 | |
| Furniture and vehicles | 24 | €0 | €68,296 | +€68,296 | |
| Current assets | 29/58 | €8,729 | €6,618 | -€2,111 | -24.2% |
| Amounts receivable within one year | 40/41 | €7,127 | €3,654 | -€3,473 | -48.7% |
| Trade receivables | 40 | €5,161 | €3,654 | -€1,507 | -29.2% |
| Other amounts receivable | 41 | €1,966 | €0 | -€1,966 | -100.0% |
| Cash at bank and in hand | 54/58 | €162 | €2,062 | +€1,900 | +1171.6% |
| Deferred charges and accrued income | 490/1 | €1,439 | €901 | -€538 | -37.4% |
| Total equity and liabilities | 10/49 | €8,729 | €74,914 | +€66,185 | +758.2% |
| Equity | 10/15 | -€2,146 | €12,868 | +€15,014 | |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Reserves | 13 | €30,112 | €1,860 | -€28,252 | -93.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,252 | €0 | -€28,252 | -100.0% |
| Profit (loss) carried forward | 14 | -€44,958 | -€1,692 | +€43,266 | +96.2% |
| Amounts payable | 17/49 | €10,875 | €62,045 | +€51,171 | +470.6% |
| Amounts payable within one year | 42/48 | €9,377 | €58,955 | +€49,577 | +528.7% |
| Financial debts | 43 | €2,166 | €0 | -€2,166 | -100.0% |
| Credit institutions | 430/8 | €2,166 | €0 | -€2,166 | -100.0% |
| Trade debts | 44 | €792 | €574 | -€218 | -27.5% |
| Suppliers | 440/4 | €792 | €574 | -€218 | -27.5% |
| Taxes, remuneration and social security | 45 | €6,419 | €4,225 | -€2,195 | -34.2% |
| Taxes | 450/3 | €4,919 | €4,225 | -€695 | -14.1% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100.0% |
| Other amounts payable | 47/48 | - | €54,156 | +€54,156 | |
| Accrued charges and deferred income | 492/3 | €1,497 | €3,091 | +€1,594 | +106.4% |
| Non-recurring operating income | 76A | - | €11,000 | +€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181 | €10,931 | +€10,750 | +5954.3% |
| Other operating charges | 640/8 | €1,583 | €823 | -€759 | -48.0% |
| Gross operating margin | 9900 | €7,012 | €31,450 | +€24,438 | +348.5% |
| Operating profit (loss) | 9901 | €5,249 | €19,696 | +€14,447 | +275.3% |
| Financial income | 75/76B | €81 | €0 | -€80 | -99.6% |
| Recurring financial income | 75 | €81 | €0 | -€80 | -99.6% |
| Financial charges | 65/66B | €1,301 | €2,546 | +€1,245 | +95.7% |
| Recurring financial charges | 65 | €1,301 | €2,546 | +€1,245 | +95.7% |
| Profit (loss) for the period before taxes | 9903 | €4,028 | €17,150 | +€13,122 | +325.8% |
| Income taxes | 67/77 | €639 | €2,136 | +€1,497 | +234.3% |
| Profit (loss) for the period | 9904 | €3,389 | €15,014 | +€11,625 | +343.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,389 | €15,014 | +€11,625 | +343.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.