MANDROCOM: 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.
MANDROCOM
Largest movements
- Receivables within one year -€9,680
down €9,680 (-3.1%), from €315,720 to €306,040
of which Trade receivables: -€9,680
- Cash +€6,436
up €6,436 (+22.6%), from €28,503 to €34,938
mainly Receivables within one year (+€9,680) and Net result for the year (+€1,319)
- Other debts -€4,866
down €4,866 (-2.7%), from €181,151 to €176,286
- Gross operating margin +€2,103
up €2,103 (+292%), from €721 to €2,823
- Taxes +€1,364
up €1,364, from -€1,032 to €332
- Depreciation +€81
up €81 (+18.4%), from €438 to €519
- Other operating charges +€80
up €80 (+15.8%), from €505 to €585
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 | €348,367 | €345,989 | -€2,378 | -0.7% |
| Fixed assets | 21/28 | €4,144 | €5,011 | +€867 | +20.9% |
| Tangible fixed assets | 22/27 | €4,144 | €5,011 | +€867 | +20.9% |
| Plant, machinery and equipment | 23 | - | €1,325 | +€1,325 | |
| Other tangible fixed assets | 26 | €4,144 | €3,686 | -€458 | -11.1% |
| Current assets | 29/58 | €344,223 | €340,978 | -€3,244 | -0.9% |
| Amounts receivable within one year | 40/41 | €315,720 | €306,040 | -€9,680 | -3.1% |
| Trade receivables | 40 | €280,720 | €271,040 | -€9,680 | -3.4% |
| Other amounts receivable | 41 | €35,000 | €35,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,503 | €34,938 | +€6,436 | +22.6% |
| Total equity and liabilities | 10/49 | €348,367 | €345,989 | -€2,378 | -0.7% |
| Equity | 10/15 | €165,311 | €166,630 | +€1,319 | +0.8% |
| Contributions | 10/11 | €68,000 | €68,000 | = | 0.0% |
| Reserves | 13 | €100,572 | €100,572 | = | 0.0% |
| Distributable reserves | 133 | €100,572 | €100,572 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,261 | -€1,942 | +€1,319 | +40.5% |
| Amounts payable | 17/49 | €183,056 | €179,359 | -€3,697 | -2.0% |
| Amounts payable within one year | 42/48 | €183,056 | €179,359 | -€3,697 | -2.0% |
| Trade debts | 44 | €556 | €527 | -€29 | -5.2% |
| Suppliers | 440/4 | €556 | €527 | -€29 | -5.2% |
| Taxes, remuneration and social security | 45 | €1,349 | €2,547 | +€1,198 | +88.8% |
| Taxes | 450/3 | €1,349 | €2,547 | +€1,198 | +88.8% |
| Other amounts payable | 47/48 | €181,151 | €176,286 | -€4,866 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €438 | €519 | +€81 | +18.4% |
| Other operating charges | 640/8 | €505 | €585 | +€80 | +15.8% |
| Gross operating margin | 9900 | €721 | €2,823 | +€2,103 | +292% |
| Operating profit (loss) | 9901 | -€223 | €1,719 | +€1,942 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €97 | €70 | -€27 | -28.1% |
| Recurring financial charges | 65 | €97 | €70 | -€27 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | -€320 | €1,651 | +€1,971 | |
| Income taxes | 67/77 | -€1,032 | €332 | +€1,364 | |
| Profit (loss) for the period | 9904 | €712 | €1,319 | +€607 | +85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €712 | €1,319 | +€607 | +85.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.