MANDISPORT: 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.
MANDISPORT
Largest movements
- Cash -€13,678
down €13,678 (-98.3%), from €13,919 to €240
mainly Net result for the year (-€15,498) and Debts after one year (-€5,786)
- Tangible fixed assets -€6,071
down €6,071 (-25.9%), from €23,421 to €17,349
- Receivables within one year -€5,725
down €5,725 (-97.6%), from €5,865 to €140
of which Trade receivables: -€5,174
- Deferred charges and accrued income +€465
up €465 (+73.8%), from €629 to €1,094
- Profit (loss) carried forward -€15,498
down €15,498, from €8,922 to -€6,576
- Debts after one year -€5,786
down €5,786 (-37.3%), from €15,496 to €9,710
- Accrued charges and deferred income -€2,500
no longer reported in 2025 (was €2,500)
- Other debts +€2,410
up €2,410 (+123%), from €1,957 to €4,367
- Current portion of long-term debt -€1,826
down €1,826 (-24.0%), from €7,612 to €5,786
- Gross operating margin -€26,181
down €26,181, from €18,640 to -€7,541
- Taxes -€3,536
no longer reported in 2025 (was €3,536)
- Depreciation +€2,078
up €2,078 (+52.0%), from €3,994 to €6,071
- Financial charges -€457
down €457 (-30.5%), from €1,500 to €1,042
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 | €43,834 | €18,823 | -€25,011 | -57.1% |
| Fixed assets | 21/28 | €23,421 | €17,349 | -€6,071 | -25.9% |
| Tangible fixed assets | 22/27 | €23,421 | €17,349 | -€6,071 | -25.9% |
| Furniture and vehicles | 24 | €23,421 | €17,349 | -€6,071 | -25.9% |
| Current assets | 29/58 | €20,413 | €1,474 | -€18,939 | -92.8% |
| Amounts receivable within one year | 40/41 | €5,865 | €140 | -€5,725 | -97.6% |
| Trade receivables | 40 | €5,174 | - | -€5,174 | |
| Other amounts receivable | 41 | €692 | €140 | -€552 | -79.8% |
| Cash at bank and in hand | 54/58 | €13,919 | €240 | -€13,678 | -98.3% |
| Deferred charges and accrued income | 490/1 | €629 | €1,094 | +€465 | +73.8% |
| Total equity and liabilities | 10/49 | €43,834 | €18,823 | -€25,011 | -57.1% |
| Equity | 10/15 | €10,922 | -€4,576 | -€15,498 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,922 | -€6,576 | -€15,498 | |
| Amounts payable | 17/49 | €32,912 | €23,399 | -€9,513 | -28.9% |
| Amounts payable after more than one year | 17 | €15,496 | €9,710 | -€5,786 | -37.3% |
| Financial debts | 170/4 | €15,496 | €9,710 | -€5,786 | -37.3% |
| Amounts payable within one year | 42/48 | €14,916 | €13,689 | -€1,227 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €7,612 | €5,786 | -€1,826 | -24.0% |
| Trade debts | 44 | €1,811 | - | -€1,811 | |
| Suppliers | 440/4 | €1,811 | - | -€1,811 | |
| Taxes, remuneration and social security | 45 | €3,536 | €3,536 | = | 0.0% |
| Taxes | 450/3 | €3,536 | €3,536 | = | 0.0% |
| Other amounts payable | 47/48 | €1,957 | €4,367 | +€2,410 | +123% |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,994 | €6,071 | +€2,078 | +52.0% |
| Other operating charges | 640/8 | €689 | €842 | +€154 | +22.3% |
| Gross operating margin | 9900 | €18,640 | -€7,541 | -€26,181 | |
| Operating profit (loss) | 9901 | €13,957 | -€14,455 | -€28,412 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,500 | €1,042 | -€457 | -30.5% |
| Recurring financial charges | 65 | €1,500 | €1,042 | -€457 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €12,458 | -€15,498 | -€27,956 | |
| Income taxes | 67/77 | €3,536 | - | -€3,536 | |
| Profit (loss) for the period | 9904 | €8,922 | -€15,498 | -€24,420 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,922 | -€15,498 | -€24,420 |
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 25 October 2026 via checked.be.