MONDEL: 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.
MONDEL
Largest movements
- Receivables within one year +€597,789
up €597,789 (+250.0%), from €239,109 to €836,899
of which Other amounts receivable: +€629,530
- Tangible fixed assets -€93,060
down €93,060 (-29.6%), from €314,254 to €221,193
of which Furniture and vehicles: -€80,262
- Cash +€39,648
up €39,648 (+132.1%), from €30,009 to €69,657
mainly Net result for the year (+€310,633) and Other debts (+€289,714)
- Reserves +€310,633
up €310,633 (+38.8%), from €800,250 to €1.1m
of which Distributable reserves: +€310,633
- Other debts +€289,714
up €289,714 (+500.9%), from €57,838 to €347,552
- Debts after one year -€84,715
down €84,715 (-28.8%), from €294,128 to €209,413
- Trade debts +€39,454
new in 2025: €39,454
- Financial income +€57,238
up €57,238 (+24.3%), from €235,349 to €292,587
- Gross operating margin -€25,355
down €25,355 (-11.5%), from €220,005 to €194,649
- Depreciation +€23,602
up €23,602 (+57.2%), from €41,288 to €64,890
- Financial charges +€17,840
up €17,840 (+561.7%), from €3,176 to €21,016
- Taxes +€10,393
up €10,393 (+13.5%), from €76,786 to €87,178
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 | €1,398,495 | €1,938,630 | +€540,134 | +38.6% |
| Fixed assets | 21/28 | €318,236 | €225,175 | -€93,060 | -29.2% |
| Tangible fixed assets | 22/27 | €314,254 | €221,193 | -€93,060 | -29.6% |
| Land and buildings | 22 | €10,749 | €6,660 | -€4,088 | -38.0% |
| Plant, machinery and equipment | 23 | €21,588 | €13,926 | -€7,662 | -35.5% |
| Furniture and vehicles | 24 | €268,378 | €188,116 | -€80,262 | -29.9% |
| Other tangible fixed assets | 26 | €13,539 | €12,491 | -€1,048 | -7.7% |
| Financial fixed assets | 28 | €3,982 | €3,982 | = | 0.0% |
| Current assets | 29/58 | €1,080,260 | €1,713,454 | +€633,195 | +58.6% |
| Amounts receivable after more than one year | 29 | €512,000 | €512,000 | = | 0.0% |
| Other amounts receivable | 291 | €512,000 | €512,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €155,355 | €155,355 | = | 0.0% |
| Stocks | 30/36 | €155,355 | €155,355 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €239,109 | €836,899 | +€597,789 | +250.0% |
| Trade receivables | 40 | €31,740 | - | -€31,740 | |
| Other amounts receivable | 41 | €207,369 | €836,899 | +€629,530 | +303.6% |
| Current investments | 50/53 | €131,598 | €134,669 | +€3,071 | +2.3% |
| Cash at bank and in hand | 54/58 | €30,009 | €69,657 | +€39,648 | +132.1% |
| Deferred charges and accrued income | 490/1 | €12,189 | €4,874 | -€7,315 | -60.0% |
| Total equity and liabilities | 10/49 | €1,398,495 | €1,938,630 | +€540,134 | +38.6% |
| Equity | 10/15 | €919,012 | €1,229,646 | +€310,633 | +33.8% |
| Contributions | 10/11 | €6,206 | €6,206 | = | 0.0% |
| Reserves | 13 | €800,250 | €1,110,884 | +€310,633 | +38.8% |
| Non-distributable reserves | 130/1 | €3,488 | €3,488 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,488 | €3,488 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,766 | €6,766 | = | 0.0% |
| Distributable reserves | 133 | €789,996 | €1,100,630 | +€310,633 | +39.3% |
| Profit (loss) carried forward | 14 | €112,556 | €112,556 | = | 0.0% |
| Amounts payable | 17/49 | €479,483 | €708,984 | +€229,501 | +47.9% |
| Amounts payable after more than one year | 17 | €294,128 | €209,413 | -€84,715 | -28.8% |
| Financial debts | 170/4 | €294,128 | €209,413 | -€84,715 | -28.8% |
| Amounts payable within one year | 42/48 | €177,642 | €488,787 | +€311,145 | +175.2% |
| Current portion of amounts payable after more than one year | 42 | €66,959 | €62,776 | -€4,183 | -6.2% |
| Trade debts | 44 | - | €39,454 | +€39,454 | |
| Suppliers | 440/4 | - | €39,454 | +€39,454 | |
| Taxes, remuneration and social security | 45 | €52,845 | €39,005 | -€13,840 | -26.2% |
| Taxes | 450/3 | €49,720 | €39,005 | -€10,715 | -21.6% |
| Remuneration and social security | 454/9 | €3,125 | - | -€3,125 | |
| Other amounts payable | 47/48 | €57,838 | €347,552 | +€289,714 | +500.9% |
| Accrued charges and deferred income | 492/3 | €7,713 | €10,784 | +€3,071 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,288 | €64,890 | +€23,602 | +57.2% |
| Other operating charges | 640/8 | €726 | €1,789 | +€1,063 | +146.3% |
| Non-recurring operating charges | 66A | - | €1,730 | +€1,730 | |
| Gross operating margin | 9900 | €220,005 | €194,649 | -€25,355 | -11.5% |
| Operating profit (loss) | 9901 | €177,990 | €126,240 | -€51,750 | -29.1% |
| Financial income | 75/76B | €235,349 | €292,587 | +€57,238 | +24.3% |
| Recurring financial income | 75 | €235,349 | €292,587 | +€57,238 | +24.3% |
| Financial charges | 65/66B | €3,176 | €21,016 | +€17,840 | +561.7% |
| Recurring financial charges | 65 | €3,176 | €21,016 | +€17,840 | +561.7% |
| Profit (loss) for the period before taxes | 9903 | €410,163 | €397,811 | -€12,352 | -3.0% |
| Income taxes | 67/77 | €76,786 | €87,178 | +€10,393 | +13.5% |
| Profit (loss) for the period | 9904 | €333,378 | €310,633 | -€22,744 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €333,378 | €310,633 | -€22,744 | -6.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.