MANDRAGOR: 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.
MANDRAGOR
Largest movements
- Cash +€227,825
up €227,825 (+1618.4%), from €14,077 to €241,902
mainly Net result for the year (+€178,134) and Stocks and contracts (+€65,203)
- Stocks and contracts -€65,203
down €65,203 (-30.4%), from €214,366 to €149,163
- Tangible fixed assets -€22,628
down €22,628 (-93.9%), from €24,109 to €1,481
- Receivables within one year -€18,563
down €18,563 (-19.4%), from €95,863 to €77,300
of which Trade receivables: -€13,912
- Receivables after one year -€16,704
down €16,704 (-33.3%), from €50,176 to €33,472
- Reserves +€100,000
up €100,000 (+47.6%), from €210,093 to €310,093
- Profit (loss) carried forward +€23,134
up €23,134 (+40.8%), from €56,696 to €79,830
- Current portion of long-term debt -€19,013
down €19,013 (-91.6%), from €20,762 to €1,749
- Trade debts -€6,724
down €6,724 (-73.2%), from €9,190 to €2,466
- Tax, wage and social debts +€6,257
up €6,257 (+845.5%), from €740 to €6,997
- Gross operating margin +€215,451
up €215,451 (+771.8%), from €27,916 to €243,367
- Taxes +€37,545
new in 2024: €37,545
- Depreciation -€19,515
down €19,515 (-96.3%), from €20,255 to €740
- Financial income +€5,818
up €5,818 (+154.2%), from €3,774 to €9,592
- Other operating charges -€5,411
down €5,411 (-14.4%), from €37,571 to €32,160
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 | €412,181 | €512,335 | +€100,154 | +24.3% |
| Fixed assets | 21/28 | €30,422 | €7,794 | -€22,628 | -74.4% |
| Tangible fixed assets | 22/27 | €24,109 | €1,481 | -€22,628 | -93.9% |
| Furniture and vehicles | 24 | €24,109 | €1,481 | -€22,628 | -93.9% |
| Financial fixed assets | 28 | €6,313 | €6,313 | = | 0.0% |
| Current assets | 29/58 | €381,759 | €504,541 | +€122,782 | +32.2% |
| Amounts receivable after more than one year | 29 | €50,176 | €33,472 | -€16,704 | -33.3% |
| Other amounts receivable | 291 | €50,176 | €33,472 | -€16,704 | -33.3% |
| Stocks and contracts in progress | 3 | €214,366 | €149,163 | -€65,203 | -30.4% |
| Stocks | 30/36 | €214,366 | €149,163 | -€65,203 | -30.4% |
| Amounts receivable within one year | 40/41 | €95,863 | €77,300 | -€18,563 | -19.4% |
| Trade receivables | 40 | €13,914 | €2 | -€13,912 | -100.0% |
| Other amounts receivable | 41 | €81,949 | €77,298 | -€4,651 | -5.7% |
| Cash at bank and in hand | 54/58 | €14,077 | €241,902 | +€227,825 | +1618.4% |
| Deferred charges and accrued income | 490/1 | €7,277 | €2,704 | -€4,573 | -62.8% |
| Total equity and liabilities | 10/49 | €412,181 | €512,335 | +€100,154 | +24.3% |
| Equity | 10/15 | €272,989 | €396,123 | +€123,134 | +45.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €210,093 | €310,093 | +€100,000 | +47.6% |
| Distributable reserves | 133 | €210,093 | €310,093 | +€100,000 | +47.6% |
| Profit (loss) carried forward | 14 | €56,696 | €79,830 | +€23,134 | +40.8% |
| Amounts payable | 17/49 | €139,192 | €116,212 | -€22,980 | -16.5% |
| Amounts payable after more than one year | 17 | €1,749 | - | -€1,749 | |
| Financial debts | 170/4 | €1,749 | - | -€1,749 | |
| Amounts payable within one year | 42/48 | €135,692 | €116,212 | -€19,480 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €20,762 | €1,749 | -€19,013 | -91.6% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €9,190 | €2,466 | -€6,724 | -73.2% |
| Suppliers | 440/4 | €9,190 | €2,466 | -€6,724 | -73.2% |
| Taxes, remuneration and social security | 45 | €740 | €6,997 | +€6,257 | +845.5% |
| Taxes | 450/3 | €740 | €6,997 | +€6,257 | +845.5% |
| Other amounts payable | 47/48 | €55,000 | €55,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,751 | - | -€1,751 | |
| Non-recurring operating income | 76A | - | €7,000 | +€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,255 | €740 | -€19,515 | -96.3% |
| Other operating charges | 640/8 | €37,571 | €32,160 | -€5,411 | -14.4% |
| Gross operating margin | 9900 | €27,916 | €243,367 | +€215,451 | +771.8% |
| Operating profit (loss) | 9901 | -€29,910 | €210,467 | +€240,377 | |
| Financial income | 75/76B | €3,774 | €9,592 | +€5,818 | +154.2% |
| Recurring financial income | 75 | €3,774 | €9,592 | +€5,818 | +154.2% |
| Financial charges | 65/66B | €3,607 | €4,380 | +€773 | +21.4% |
| Recurring financial charges | 65 | €3,607 | €4,380 | +€773 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | -€29,743 | €215,679 | +€245,422 | |
| Income taxes | 67/77 | - | €37,545 | +€37,545 | |
| Profit (loss) for the period | 9904 | -€29,743 | €178,134 | +€207,877 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,743 | €178,134 | +€207,877 |
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 29 September 2026 via checked.be.