Mndl Beheer: 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.
Mndl Beheer
Largest movements
- Current investments +€64,340
up €64,340 (+343%), from €18,768 to €83,108
- Receivables within one year +€16,145
up €16,145 (+96.6%), from €16,715 to €32,860
of which Trade receivables: +€16,273
- Cash +€13,176
up €13,176 (+6,113%), from €216 to €13,391
mainly Net result for the year (+€73,236) and Tax, wage and social debts (+€20,509)
- Stocks and contracts +€5,396
up €5,396 (+32.3%), from €16,704 to €22,100
- Tangible fixed assets -€4,994
down €4,994 (-15.2%), from €32,931 to €27,937
- Reserves +€71,570
up €71,570 (+120%), from €59,872 to €131,442
- Tax, wage and social debts +€20,509
up €20,509 (+91.7%), from €22,375 to €42,884
of which Taxes: +€20,658
- Accrued charges and deferred income +€3,866
up €3,866 (+998%), from €387 to €4,253
- Trade debts +€3,085
up €3,085 (+414%), from €746 to €3,831
- Gross operating margin +€16,583
up €16,583 (+18.4%), from €90,121 to €106,704
- Taxes +€4,713
up €4,713 (+25.5%), from €18,460 to €23,173
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 | €86,989 | €185,477 | +€98,489 | +113% |
| Fixed assets | 21/28 | €33,966 | €28,972 | -€4,994 | -14.7% |
| Tangible fixed assets | 22/27 | €32,931 | €27,937 | -€4,994 | -15.2% |
| Furniture and vehicles | 24 | €32,931 | €27,937 | -€4,994 | -15.2% |
| Financial fixed assets | 28 | €1,035 | €1,035 | = | 0.0% |
| Current assets | 29/58 | €53,023 | €156,505 | +€103,483 | +195% |
| Stocks and contracts in progress | 3 | €16,704 | €22,100 | +€5,396 | +32.3% |
| Stocks | 30/36 | €16,704 | €22,100 | +€5,396 | +32.3% |
| Amounts receivable within one year | 40/41 | €16,715 | €32,860 | +€16,145 | +96.6% |
| Trade receivables | 40 | €15,881 | €32,154 | +€16,273 | +102% |
| Other amounts receivable | 41 | €834 | €706 | -€128 | -15.3% |
| Current investments | 50/53 | €18,768 | €83,108 | +€64,340 | +343% |
| Cash at bank and in hand | 54/58 | €216 | €13,391 | +€13,176 | +6,113% |
| Deferred charges and accrued income | 490/1 | €620 | €5,047 | +€4,426 | +713% |
| Total equity and liabilities | 10/49 | €86,989 | €185,477 | +€98,489 | +113% |
| Equity | 10/15 | €61,874 | €133,444 | +€71,570 | +116% |
| Contributions | 10/11 | €2,002 | €2,002 | = | 0.0% |
| Reserves | 13 | €59,872 | €131,442 | +€71,570 | +120% |
| Distributable reserves | 133 | €59,872 | €131,442 | +€71,570 | +120% |
| Amounts payable | 17/49 | €25,115 | €52,033 | +€26,919 | +107% |
| Amounts payable within one year | 42/48 | €24,727 | €47,780 | +€23,053 | +93.2% |
| Financial debts | 43 | €188 | €162 | -€27 | -14.2% |
| Credit institutions | 430/8 | €188 | €162 | -€27 | -14.2% |
| Trade debts | 44 | €746 | €3,831 | +€3,085 | +414% |
| Suppliers | 440/4 | €746 | €3,831 | +€3,085 | +414% |
| Taxes, remuneration and social security | 45 | €22,375 | €42,884 | +€20,509 | +91.7% |
| Taxes | 450/3 | €21,475 | €42,133 | +€20,658 | +96.2% |
| Remuneration and social security | 454/9 | €900 | €751 | -€149 | -16.5% |
| Other amounts payable | 47/48 | €1,418 | €903 | -€515 | -36.3% |
| Accrued charges and deferred income | 492/3 | €387 | €4,253 | +€3,866 | +998% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,108 | €8,926 | +€818 | +10.1% |
| Other operating charges | 640/8 | €1,714 | €1,047 | -€667 | -38.9% |
| Gross operating margin | 9900 | €90,121 | €106,704 | +€16,583 | +18.4% |
| Operating profit (loss) | 9901 | €80,299 | €96,730 | +€16,431 | +20.5% |
| Financial income | 75/76B | €7 | €1 | -€6 | -85.3% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -85.3% |
| Financial charges | 65/66B | €256 | €322 | +€66 | +25.9% |
| Recurring financial charges | 65 | €256 | €322 | +€66 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €80,050 | €96,409 | +€16,359 | +20.4% |
| Income taxes | 67/77 | €18,460 | €23,173 | +€4,713 | +25.5% |
| Profit (loss) for the period | 9904 | €61,590 | €73,236 | +€11,646 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,590 | €73,236 | +€11,646 | +18.9% |
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 30 October 2026 via checked.be.