MANDOLINE: 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.
MANDOLINE
Largest movements
- Cash +€20,162
up €20,162 (+8.9%), from €226,610 to €246,773
mainly Net result for the year (+€16,073) and Other debts (+€9,592)
- Reserves +€16,073
up €16,073 (+13.6%), from €118,034 to €134,107
- Other debts +€9,592
up €9,592 (+20.3%), from €47,254 to €56,846
- Trade debts -€6,963
down €6,963 (-47.1%), from €14,776 to €7,813
- Gross operating margin -€21,672
down €21,672 (-14.1%), from €153,228 to €131,555
- Depreciation -€8,439
down €8,439 (-94.6%), from €8,922 to €483
- Taxes -€3,452
down €3,452 (-29.5%), from €11,687 to €8,235
- Financial income +€3,141
up €3,141 (+29.8%), from €10,531 to €13,672
- Financial charges +€1,534
up €1,534 (+38.8%), from €3,957 to €5,492
From the 2023 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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €559,864 | €581,950 | +€22,086 | +3.9% |
| Fixed assets | 21/28 | €2,389 | €2,968 | +€579 | +24.2% |
| Tangible fixed assets | 22/27 | €1,048 | €1,626 | +€579 | +55.2% |
| Plant, machinery and equipment | 23 | €998 | €580 | -€418 | -41.9% |
| Furniture and vehicles | 24 | €50 | €1,047 | +€997 | +2004.8% |
| Financial fixed assets | 28 | €1,341 | €1,341 | = | 0.0% |
| Current assets | 29/58 | €557,475 | €578,983 | +€21,508 | +3.9% |
| Stocks and contracts in progress | 3 | €122,629 | €124,588 | +€1,959 | +1.6% |
| Stocks | 30/36 | €122,629 | €124,588 | +€1,959 | +1.6% |
| Amounts receivable within one year | 40/41 | €94 | €141 | +€47 | +49.7% |
| Trade receivables | 40 | €94 | €141 | +€47 | +49.7% |
| Current investments | 50/53 | €204,243 | €204,268 | +€25 | 0.0% |
| Cash at bank and in hand | 54/58 | €226,610 | €246,773 | +€20,162 | +8.9% |
| Deferred charges and accrued income | 490/1 | €3,898 | €3,213 | -€685 | -17.6% |
| Total equity and liabilities | 10/49 | €559,864 | €581,950 | +€22,086 | +3.9% |
| Equity | 10/15 | €460,499 | €475,651 | +€15,152 | +3.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €118,034 | €134,107 | +€16,073 | +13.6% |
| Distributable reserves | 133 | €118,034 | €134,107 | +€16,073 | +13.6% |
| Profit (loss) carried forward | 14 | €323,873 | €322,952 | -€920 | -0.3% |
| Amounts payable | 17/49 | €99,365 | €106,299 | +€6,934 | +7.0% |
| Amounts payable within one year | 42/48 | €96,973 | €102,227 | +€5,253 | +5.4% |
| Trade debts | 44 | €14,776 | €7,813 | -€6,963 | -47.1% |
| Suppliers | 440/4 | €14,776 | €7,813 | -€6,963 | -47.1% |
| Taxes, remuneration and social security | 45 | €34,943 | €37,568 | +€2,625 | +7.5% |
| Taxes | 450/3 | €15,518 | €14,741 | -€778 | -5.0% |
| Remuneration and social security | 454/9 | €19,425 | €22,827 | +€3,402 | +17.5% |
| Other amounts payable | 47/48 | €47,254 | €56,846 | +€9,592 | +20.3% |
| Accrued charges and deferred income | 492/3 | €2,392 | €4,073 | +€1,681 | +70.3% |
| Remuneration, social security and pensions | 62 | €111,876 | €110,851 | -€1,025 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,922 | €483 | -€8,439 | -94.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,450 | €2,283 | +€833 | +57.4% |
| Other operating charges | 640/8 | €1,799 | €1,811 | +€11 | +0.6% |
| Gross operating margin | 9900 | €153,228 | €131,555 | -€21,672 | -14.1% |
| Operating profit (loss) | 9901 | €29,181 | €16,128 | -€13,053 | -44.7% |
| Financial income | 75/76B | €10,531 | €13,672 | +€3,141 | +29.8% |
| Recurring financial income | 75 | €10,531 | €13,672 | +€3,141 | +29.8% |
| Financial charges | 65/66B | €3,957 | €5,492 | +€1,534 | +38.8% |
| Recurring financial charges | 65 | €3,957 | €5,492 | +€1,534 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €35,754 | €24,307 | -€11,447 | -32.0% |
| Income taxes | 67/77 | €11,687 | €8,235 | -€3,452 | -29.5% |
| Profit (loss) for the period | 9904 | €24,067 | €16,073 | -€7,994 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,067 | €16,073 | -€7,994 | -33.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.