MANDOR ESTATE: 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.
MANDOR ESTATE
Largest movements
- Tangible fixed assets -€27,518
down €27,518 (-3.0%), from €930,025 to €902,507
of which Land and buildings: -€27,215
- Debts after one year -€21,395
down €21,395 (-4.0%), from €541,146 to €519,751
- Gross operating margin +€131,797
up €131,797, from -€87,051 to €44,745
- Depreciation +€2,910
up €2,910 (+11.6%), from €25,002 to €27,912
- Financial charges +€2,897
up €2,897 (+15.4%), from €18,852 to €21,749
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 | €933,171 | €904,365 | -€28,807 | -3.1% |
| Fixed assets | 21/28 | €930,025 | €902,507 | -€27,518 | -3.0% |
| Tangible fixed assets | 22/27 | €930,025 | €902,507 | -€27,518 | -3.0% |
| Land and buildings | 22 | €928,594 | €901,379 | -€27,215 | -2.9% |
| Furniture and vehicles | 24 | €1,431 | €1,128 | -€303 | -21.2% |
| Current assets | 29/58 | €3,147 | €1,858 | -€1,289 | -41.0% |
| Cash at bank and in hand | 54/58 | €2,548 | €1,166 | -€1,382 | -54.2% |
| Deferred charges and accrued income | 490/1 | €599 | €692 | +€93 | +15.5% |
| Total equity and liabilities | 10/49 | €933,171 | €904,365 | -€28,807 | -3.1% |
| Equity | 10/15 | -€130,788 | -€137,835 | -€7,048 | -5.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,788 | -€139,835 | -€7,048 | -5.3% |
| Amounts payable | 17/49 | €1,063,959 | €1,042,200 | -€21,759 | -2.0% |
| Amounts payable after more than one year | 17 | €541,146 | €519,751 | -€21,395 | -4.0% |
| Financial debts | 170/4 | €541,146 | €519,751 | -€21,395 | -4.0% |
| Amounts payable within one year | 42/48 | €522,813 | €522,448 | -€364 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €20,616 | €21,395 | +€779 | +3.8% |
| Trade debts | 44 | €1,473 | - | -€1,473 | |
| Suppliers | 440/4 | €1,473 | - | -€1,473 | |
| Other amounts payable | 47/48 | €500,725 | €501,054 | +€329 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,002 | €27,912 | +€2,910 | +11.6% |
| Other operating charges | 640/8 | €1,882 | €2,132 | +€250 | +13.3% |
| Gross operating margin | 9900 | -€87,051 | €44,745 | +€131,797 | |
| Operating profit (loss) | 9901 | -€113,936 | €14,701 | +€128,637 | |
| Financial charges | 65/66B | €18,852 | €21,749 | +€2,897 | +15.4% |
| Recurring financial charges | 65 | €18,852 | €21,749 | +€2,897 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | -€132,788 | -€7,048 | +€125,740 | +94.7% |
| Profit (loss) for the period | 9904 | -€132,788 | -€7,048 | +€125,740 | +94.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€132,788 | -€7,048 | +€125,740 | +94.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.