Mansarde: 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.
Mansarde
Largest movements
- Receivables within one year -€96,310
down €96,310 (-62.2%), from €154,774 to €58,465
of which Other amounts receivable: -€66,744
- Cash +€45,641
up €45,641 (+390%), from €11,716 to €57,357
mainly Receivables within one year (+€96,310) and Net result for the year (+€45,206)
- Tangible fixed assets +€5,066
up €5,066 (+123%), from €4,119 to €9,186
- Deferred charges and accrued income -€2,738
down €2,738 (-100%), from €2,738 to €0
- Reserves -€75,402
down €75,402 (-33.1%), from €227,749 to €152,347
- Tax, wage and social debts +€16,724
up €16,724 (+71.7%), from €23,325 to €40,048
- Current portion of long-term debt +€14,151
up €14,151 (+1,667%), from €849 to €15,000
- Trade debts -€5,496
down €5,496 (-60.9%), from €9,025 to €3,530
- Taxes -€5,074
down €5,074 (-27.1%), from €18,742 to €13,668
- Financial income -€3,370
down €3,370 (-41.0%), from €8,229 to €4,859
- Gross operating margin -€1,129
down €1,129 (-1.9%), from €59,475 to €58,346
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 | €273,348 | €225,007 | -€48,341 | -17.7% |
| Fixed assets | 21/28 | €4,119 | €9,186 | +€5,066 | +123% |
| Tangible fixed assets | 22/27 | €4,119 | €9,186 | +€5,066 | +123% |
| Furniture and vehicles | 24 | €4,119 | €9,186 | +€5,066 | +123% |
| Current assets | 29/58 | €269,228 | €215,821 | -€53,407 | -19.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €154,774 | €58,465 | -€96,310 | -62.2% |
| Trade receivables | 40 | €48,380 | €18,814 | -€29,566 | -61.1% |
| Other amounts receivable | 41 | €106,394 | €39,651 | -€66,744 | -62.7% |
| Cash at bank and in hand | 54/58 | €11,716 | €57,357 | +€45,641 | +390% |
| Deferred charges and accrued income | 490/1 | €2,738 | €0 | -€2,738 | -100% |
| Total equity and liabilities | 10/49 | €273,348 | €225,007 | -€48,341 | -17.7% |
| Equity | 10/15 | €240,149 | €164,747 | -€75,402 | -31.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €227,749 | €152,347 | -€75,402 | -33.1% |
| Distributable reserves | 133 | €227,749 | €152,347 | -€75,402 | -33.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,199 | €60,260 | +€27,061 | +81.5% |
| Amounts payable within one year | 42/48 | €33,199 | €60,260 | +€27,061 | +81.5% |
| Current portion of amounts payable after more than one year | 42 | €849 | €15,000 | +€14,151 | +1,667% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €9,025 | €3,530 | -€5,496 | -60.9% |
| Suppliers | 440/4 | €9,025 | €3,530 | -€5,496 | -60.9% |
| Advances received on contracts in progress | 46 | - | €1,682 | +€1,682 | |
| Taxes, remuneration and social security | 45 | €23,325 | €40,048 | +€16,724 | +71.7% |
| Taxes | 450/3 | €23,325 | €40,048 | +€16,724 | +71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,297 | €2,832 | +€535 | +23.3% |
| Other operating charges | 640/8 | €1,402 | €1,053 | -€350 | -24.9% |
| Gross operating margin | 9900 | €59,475 | €58,346 | -€1,129 | -1.9% |
| Operating profit (loss) | 9901 | €55,776 | €54,462 | -€1,314 | -2.4% |
| Financial income | 75/76B | €8,229 | €4,859 | -€3,370 | -41.0% |
| Recurring financial income | 75 | €8,229 | €4,859 | -€3,370 | -41.0% |
| Financial charges | 65/66B | €694 | €446 | -€248 | -35.7% |
| Recurring financial charges | 65 | €694 | €446 | -€248 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €63,310 | €58,874 | -€4,436 | -7.0% |
| Income taxes | 67/77 | €18,742 | €13,668 | -€5,074 | -27.1% |
| Profit (loss) for the period | 9904 | €44,568 | €45,206 | +€638 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,568 | €45,206 | +€638 | +1.4% |
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 15 October 2026 via checked.be.