MANDRITHAR: 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.
MANDRITHAR
Largest movements
- Cash +€7,983
up €7,983 (+418.9%), from €1,906 to €9,888
mainly Other debts (+€10,921) and Depreciation (+€3,888)
- Deferred charges and accrued income +€855
up €855 (+103.1%), from €829 to €1,684
- Other debts +€10,921
up €10,921 (+200.6%), from €5,445 to €16,366
- Tax, wage and social debts -€3,416
down €3,416 (-31.6%), from €10,822 to €7,406
of which Remuneration and social security: -€2,150
- Trade debts +€748
up €748 (+12.7%), from €5,897 to €6,646
- Gross operating margin +€7,059
up €7,059 (+292.4%), from €2,414 to €9,473
- Taxes +€1,929
up €1,929 (+581.1%), from €332 to €2,261
- Depreciation +€919
up €919 (+31.0%), from €2,969 to €3,888
- Financial charges +€858
up €858 (+133.3%), from €644 to €1,501
- Financial income -€184
down €184 (-62.7%), from €293 to €109
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.
Cash bridge derived
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 | €41,479 | €49,973 | +€8,494 | +20.5% |
| Fixed assets | 21/28 | €11,244 | €11,364 | +€121 | +1.1% |
| Tangible fixed assets | 22/27 | €10,354 | €10,474 | +€121 | +1.2% |
| Plant, machinery and equipment | 23 | €9,198 | €9,753 | +€555 | +6.0% |
| Furniture and vehicles | 24 | €1,155 | €721 | -€435 | -37.6% |
| Financial fixed assets | 28 | €890 | €890 | = | 0.0% |
| Current assets | 29/58 | €30,236 | €38,609 | +€8,373 | +27.7% |
| Amounts receivable within one year | 40/41 | €27,501 | €27,036 | -€464 | -1.7% |
| Trade receivables | 40 | €27,501 | €27,036 | -€464 | -1.7% |
| Cash at bank and in hand | 54/58 | €1,906 | €9,888 | +€7,983 | +418.9% |
| Deferred charges and accrued income | 490/1 | €829 | €1,684 | +€855 | +103.1% |
| Total equity and liabilities | 10/49 | €41,479 | €49,973 | +€8,494 | +20.5% |
| Equity | 10/15 | €18,850 | €18,792 | -€58 | -0.3% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €3,300 | €3,300 | = | 0.0% |
| Distributable reserves | 133 | €3,300 | €3,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€650 | -€708 | -€58 | -8.9% |
| Amounts payable | 17/49 | €22,630 | €31,181 | +€8,551 | +37.8% |
| Amounts payable within one year | 42/48 | €22,165 | €30,418 | +€8,253 | +37.2% |
| Trade debts | 44 | €5,897 | €6,646 | +€748 | +12.7% |
| Suppliers | 440/4 | €5,897 | €6,646 | +€748 | +12.7% |
| Taxes, remuneration and social security | 45 | €10,822 | €7,406 | -€3,416 | -31.6% |
| Taxes | 450/3 | €8,672 | €7,406 | -€1,266 | -14.6% |
| Remuneration and social security | 454/9 | €2,150 | €0 | -€2,150 | -100.0% |
| Other amounts payable | 47/48 | €5,445 | €16,366 | +€10,921 | +200.6% |
| Accrued charges and deferred income | 492/3 | €465 | €763 | +€298 | +64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,969 | €3,888 | +€919 | +31.0% |
| Other operating charges | 640/8 | €1,807 | €1,989 | +€182 | +10.1% |
| Gross operating margin | 9900 | €2,414 | €9,473 | +€7,059 | +292.4% |
| Operating profit (loss) | 9901 | -€2,362 | €3,595 | +€5,958 | |
| Financial income | 75/76B | €293 | €109 | -€184 | -62.7% |
| Recurring financial income | 75 | €293 | €109 | -€184 | -62.7% |
| Financial charges | 65/66B | €644 | €1,501 | +€858 | +133.3% |
| Recurring financial charges | 65 | €644 | €1,501 | +€858 | +133.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,713 | €2,203 | +€4,917 | |
| Income taxes | 67/77 | €332 | €2,261 | +€1,929 | +581.1% |
| Profit (loss) for the period | 9904 | -€3,045 | -€58 | +€2,987 | +98.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,045 | -€58 | +€2,987 | +98.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.