Mandjes: 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.
Mandjes
Largest movements
- Cash +€55,908
up €55,908 (+18.0%), from €311,250 to €367,157
mainly Net result for the year (+€114,919) and Receivables within one year (+€38,063)
- Receivables within one year -€38,063
down €38,063 (-43.7%), from €87,121 to €49,059
of which Other amounts receivable: -€23,994
- Other debts +€26,420
up €26,420 (+25.0%), from €105,608 to €132,027
- Profit (loss) carried forward -€17,108
down €17,108 (-100%), from €17,108 to €0
- Tax, wage and social debts +€8,636
up €8,636 (+2,113%), from €409 to €9,045
of which Remuneration and social security: +€6,588
- Turnover -€748,474
no longer reported in 2025 (was €748,474)
- Purchases and services -€599,283
no longer reported in 2025 (was €599,283)
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 | €423,805 | €443,577 | +€19,772 | +4.7% |
| Fixed assets | 21/28 | €11,706 | €9,824 | -€1,883 | -16.1% |
| Tangible fixed assets | 22/27 | €11,706 | €9,824 | -€1,883 | -16.1% |
| Plant, machinery and equipment | 23 | €9,068 | €7,577 | -€1,491 | -16.4% |
| Furniture and vehicles | 24 | €2,639 | €2,247 | -€392 | -14.8% |
| Current assets | 29/58 | €412,099 | €433,753 | +€21,654 | +5.3% |
| Stocks and contracts in progress | 3 | €12,816 | €16,192 | +€3,376 | +26.3% |
| Stocks | 30/36 | €12,816 | €16,192 | +€3,376 | +26.3% |
| Amounts receivable within one year | 40/41 | €87,121 | €49,059 | -€38,063 | -43.7% |
| Trade receivables | 40 | €43,442 | €29,374 | -€14,069 | -32.4% |
| Other amounts receivable | 41 | €43,679 | €19,685 | -€23,994 | -54.9% |
| Cash at bank and in hand | 54/58 | €311,250 | €367,157 | +€55,908 | +18.0% |
| Deferred charges and accrued income | 490/1 | €912 | €1,346 | +€434 | +47.6% |
| Total equity and liabilities | 10/49 | €423,805 | €443,577 | +€19,772 | +4.7% |
| Equity | 10/15 | €303,008 | €285,900 | -€17,108 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €267,300 | €267,300 | = | 0.0% |
| Distributable reserves | 133 | €267,300 | €267,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,108 | €0 | -€17,108 | -100% |
| Amounts payable | 17/49 | €120,797 | €157,677 | +€36,880 | +30.5% |
| Amounts payable within one year | 42/48 | €120,797 | €157,677 | +€36,880 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €14,781 | €16,605 | +€1,824 | +12.3% |
| Suppliers | 440/4 | €14,781 | €16,605 | +€1,824 | +12.3% |
| Taxes, remuneration and social security | 45 | €409 | €9,045 | +€8,636 | +2,113% |
| Taxes | 450/3 | €0 | €2,048 | +€2,048 | |
| Remuneration and social security | 454/9 | €409 | €6,997 | +€6,588 | +1,612% |
| Other amounts payable | 47/48 | €105,608 | €132,027 | +€26,420 | +25.0% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Turnover | 70 | €748,474 | - | -€748,474 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €599,283 | - | -€599,283 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,634 | €4,386 | -€248 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,228 | €0 | -€2,228 | -100% |
| Other operating charges | 640/8 | €600 | €875 | +€275 | +45.9% |
| Non-recurring operating charges | 66A | - | €945 | +€945 | |
| Gross operating margin | 9900 | €149,430 | €152,095 | +€2,664 | +1.8% |
| Operating profit (loss) | 9901 | €141,968 | €145,888 | +€3,920 | +2.8% |
| Financial income | 75/76B | €1,312 | €1,461 | +€149 | +11.4% |
| Recurring financial income | 75 | €1,312 | €1,461 | +€149 | +11.4% |
| Financial charges | 65/66B | €701 | €239 | -€462 | -65.9% |
| Recurring financial charges | 65 | €701 | €239 | -€462 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | €142,578 | €147,110 | +€4,531 | +3.2% |
| Income taxes | 67/77 | €31,047 | €32,191 | +€1,144 | +3.7% |
| Profit (loss) for the period | 9904 | €111,531 | €114,919 | +€3,388 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €111,531 | €114,919 | +€3,388 | +3.0% |
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 18 October 2026 via checked.be.