MANDRAGORE: 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.
MANDRAGORE
Largest movements
- Receivables within one year -€22,533
down €22,533 (-13.4%), from €168,439 to €145,906
of which Trade receivables: -€40,563
- Tangible fixed assets +€12,196
up €12,196 (+201.2%), from €6,061 to €18,257
of which Furniture and vehicles: +€6,489
- Cash -€4,808
down €4,808 (-3.1%), from €153,733 to €148,925
mainly Contributions, distributions and other (-€20,451) and Investment in fixed assets (net) (-€18,562)
- Deferred charges and accrued income -€4,631
down €4,631 (-93.0%), from €4,979 to €347
- Contributions -€18,592
no longer reported in 2024 (was €18,592)
- Trade debts -€11,983
down €11,983 (-18.2%), from €65,850 to €53,867
- Reserves +€7,249
up €7,249 (+12.3%), from €58,708 to €65,957
of which Distributable reserves: +€7,249
- Tax, wage and social debts +€5,388
up €5,388 (+44.4%), from €12,147 to €17,535
- Depreciation +€1,640
up €1,640 (+100.8%), from €1,626 to €3,265
- Financial income +€1,582
up €1,582 (+225.5%), from €702 to €2,284
- Gross operating margin -€1,530
down €1,530 (-6.4%), from €23,728 to €22,198
- Taxes +€808
up €808 (+8.5%), from €9,566 to €10,374
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 | €353,211 | €336,535 | -€16,676 | -4.7% |
| Fixed assets | 21/28 | €6,061 | €21,357 | +€15,296 | +252.4% |
| Tangible fixed assets | 22/27 | €6,061 | €18,257 | +€12,196 | +201.2% |
| Furniture and vehicles | 24 | €1,323 | €7,812 | +€6,489 | +490.3% |
| Other tangible fixed assets | 26 | €4,737 | €10,445 | +€5,708 | +120.5% |
| Financial fixed assets | 28 | - | €3,100 | +€3,100 | |
| Current assets | 29/58 | €347,150 | €315,178 | -€31,972 | -9.2% |
| Amounts receivable within one year | 40/41 | €168,439 | €145,906 | -€22,533 | -13.4% |
| Trade receivables | 40 | €126,851 | €86,287 | -€40,563 | -32.0% |
| Other amounts receivable | 41 | €41,589 | €59,619 | +€18,030 | +43.4% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €153,733 | €148,925 | -€4,808 | -3.1% |
| Deferred charges and accrued income | 490/1 | €4,979 | €347 | -€4,631 | -93.0% |
| Total equity and liabilities | 10/49 | €353,211 | €336,535 | -€16,676 | -4.7% |
| Equity | 10/15 | €272,470 | €262,388 | -€10,082 | -3.7% |
| Contributions | 10/11 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €58,708 | €65,957 | +€7,249 | +12.3% |
| Tax-exempt reserves | 132 | €18,303 | €18,303 | = | 0.0% |
| Distributable reserves | 133 | €40,405 | €47,654 | +€7,249 | +17.9% |
| Profit (loss) carried forward | 14 | €195,170 | €196,431 | +€1,261 | +0.6% |
| Amounts payable | 17/49 | €80,741 | €74,146 | -€6,594 | -8.2% |
| Amounts payable within one year | 42/48 | €80,741 | €74,146 | -€6,594 | -8.2% |
| Trade debts | 44 | €65,850 | €53,867 | -€11,983 | -18.2% |
| Suppliers | 440/4 | €65,850 | €53,867 | -€11,983 | -18.2% |
| Taxes, remuneration and social security | 45 | €12,147 | €17,535 | +€5,388 | +44.4% |
| Taxes | 450/3 | €12,147 | €17,535 | +€5,388 | +44.4% |
| Other amounts payable | 47/48 | €2,744 | €2,744 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,626 | €3,265 | +€1,640 | +100.8% |
| Other operating charges | 640/8 | €231 | - | -€231 | |
| Gross operating margin | 9900 | €23,728 | €22,198 | -€1,530 | -6.4% |
| Operating profit (loss) | 9901 | €21,872 | €18,933 | -€2,939 | -13.4% |
| Financial income | 75/76B | €702 | €2,284 | +€1,582 | +225.5% |
| Recurring financial income | 75 | €702 | €2,284 | +€1,582 | +225.5% |
| Financial charges | 65/66B | €393 | €473 | +€80 | +20.3% |
| Recurring financial charges | 65 | €393 | €473 | +€80 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €22,180 | €20,744 | -€1,436 | -6.5% |
| Income taxes | 67/77 | €9,566 | €10,374 | +€808 | +8.5% |
| Profit (loss) for the period | 9904 | €12,614 | €10,370 | -€2,245 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,614 | €10,370 | -€2,245 | -17.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.