Mandus Management Consulting: 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.
Mandus Management Consulting
Largest movements
- Receivables within one year -€12,316
down €12,316 (-28.2%), from €43,604 to €31,287
of which Other amounts receivable: -€13,578
- Cash +€6,005
up €6,005 (+16.4%), from €36,548 to €42,553
mainly Net result for the year (+€45,031) and Receivables within one year (+€12,316)
- Tangible fixed assets -€2,441
no longer reported in 2026 (was €2,441)
- Deferred charges and accrued income +€1,248
up €1,248 (+129%), from €970 to €2,218
- Reserves -€4,969
down €4,969 (-7.0%), from €71,087 to €66,118
- Current portion of long-term debt -€3,915
no longer reported in 2026 (was €3,915)
- Tax, wage and social debts +€3,653
up €3,653 (+150%), from €2,434 to €6,088
- Trade debts -€2,349
down €2,349 (-53.0%), from €4,432 to €2,083
- Depreciation -€5,496
down €5,496 (-69.2%), from €7,937 to €2,441
- Other operating charges +€1,268
up €1,268 (+117%), from €1,083 to €2,351
- Taxes +€1,096
up €1,096 (+8.8%), from €12,513 to €13,609
- Gross operating margin -€882
down €882 (-1.4%), from €62,660 to €61,778
- Financial income +€830
up €830 (+84.7%), from €980 to €1,811
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,563 | €76,059 | -€7,504 | -9.0% |
| Fixed assets | 21/28 | €2,441 | - | -€2,441 | |
| Tangible fixed assets | 22/27 | €2,441 | - | -€2,441 | |
| Furniture and vehicles | 24 | €2,441 | - | -€2,441 | |
| Current assets | 29/58 | €81,122 | €76,059 | -€5,063 | -6.2% |
| Amounts receivable within one year | 40/41 | €43,604 | €31,287 | -€12,316 | -28.2% |
| Trade receivables | 40 | €14,160 | €15,423 | +€1,262 | +8.9% |
| Other amounts receivable | 41 | €29,443 | €15,865 | -€13,578 | -46.1% |
| Cash at bank and in hand | 54/58 | €36,548 | €42,553 | +€6,005 | +16.4% |
| Deferred charges and accrued income | 490/1 | €970 | €2,218 | +€1,248 | +129% |
| Total equity and liabilities | 10/49 | €83,563 | €76,059 | -€7,504 | -9.0% |
| Equity | 10/15 | €71,207 | €66,238 | -€4,969 | -7.0% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €71,087 | €66,118 | -€4,969 | -7.0% |
| Distributable reserves | 133 | €71,087 | €66,118 | -€4,969 | -7.0% |
| Amounts payable | 17/49 | €12,356 | €9,821 | -€2,535 | -20.5% |
| Amounts payable within one year | 42/48 | €10,781 | €8,171 | -€2,610 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €3,915 | - | -€3,915 | |
| Trade debts | 44 | €4,432 | €2,083 | -€2,349 | -53.0% |
| Suppliers | 440/4 | €4,432 | €2,083 | -€2,349 | -53.0% |
| Taxes, remuneration and social security | 45 | €2,434 | €6,088 | +€3,653 | +150% |
| Taxes | 450/3 | €2,434 | €6,088 | +€3,653 | +150% |
| Accrued charges and deferred income | 492/3 | €1,575 | €1,650 | +€75 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,937 | €2,441 | -€5,496 | -69.2% |
| Other operating charges | 640/8 | €1,083 | €2,351 | +€1,268 | +117% |
| Gross operating margin | 9900 | €62,660 | €61,778 | -€882 | -1.4% |
| Operating profit (loss) | 9901 | €53,639 | €56,986 | +€3,347 | +6.2% |
| Financial income | 75/76B | €980 | €1,811 | +€830 | +84.7% |
| Recurring financial income | 75 | €980 | €1,811 | +€830 | +84.7% |
| Financial charges | 65/66B | €362 | €157 | -€205 | -56.7% |
| Recurring financial charges | 65 | €362 | €157 | -€205 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | €54,257 | €58,640 | +€4,383 | +8.1% |
| Income taxes | 67/77 | €12,513 | €13,609 | +€1,096 | +8.8% |
| Profit (loss) for the period | 9904 | €41,744 | €45,031 | +€3,287 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,744 | €45,031 | +€3,287 | +7.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.