Mondelaers: what changed
What changed
Mondelaers
NACE 47.632, Retail sale of bicycles
filed annual accounts (NBB)
Net result for the year
€26,894
2023 · €364,136-€337,242
Equity
€872,722
2023 · €988,793-€116,071
Cash
€90,512
2023 · €328,075-€237,563
Balance sheet total
€1.0m
2023 · €1.2m-€151,436
Largest movements
Assets
- Cash -€237,563
down €237,563 (-72.4%), from €328,075 to €90,512
mainly Contributions, distributions and other (-€142,965) and Receivables after one year (-€97,943)
- Receivables after one year +€97,943
up €97,943 (+51.9%), from €188,870 to €286,813
Equity and liabilities
- Reserves -€116,071
down €116,071 (-12.0%), from €970,193 to €854,122
of which Distributable reserves: -€116,071
- Tax, wage and social debts -€18,922
down €18,922 (-53.2%), from €35,572 to €16,650
of which Taxes: -€22,709
Income statement
- Gross operating margin -€511,018
down €511,018 (-90.2%), from €566,749 to €55,731
- Taxes -€162,005
down €162,005 (-93.6%), from €173,045 to €11,040
- Staff costs -€11,954
down €11,954 (-98.7%), from €12,115 to €161
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€364,136
Gross operating margin
-€511,018
Staff costs
+€11,954
Depreciation
+€591
Other operating charges
-€4,012
Financial income
-€1,965
Financial charges
+€5,202
Taxes
+€162,005
Result 2024
€26,894
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€82,555
Investment
€0
Financing
-€155,008
Cash 2023
€328,075
From operations (derived)
-€82,555
Net result for the year
+€26,894
Depreciation
+€8,274
Receivables after one year
-€97,943
Receivables within one year
+€3,542
Trade debts
-€672
Tax, wage and social debts
-€18,922
Other debts
-€3,977
Accrued charges and deferred income
+€250
Financing
-€155,008
Debts after one year
-€8,612
Current portion of long-term debt
-€3,432
Contributions, distributions and other
-€142,965
Cash 2024
€90,512
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,195,002 | €1,043,567 | -€151,436 | -12.7% |
| Fixed assets | 21/28 | €507,872 | €499,598 | -€8,274 | -1.6% |
| Tangible fixed assets | 22/27 | €57,872 | €49,598 | -€8,274 | -14.3% |
| Land and buildings | 22 | €57,249 | €49,315 | -€7,934 | -13.9% |
| Plant, machinery and equipment | 23 | €512 | €282 | -€230 | -44.9% |
| Furniture and vehicles | 24 | €110 | - | -€110 | |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €687,131 | €543,969 | -€143,162 | -20.8% |
| Amounts receivable after more than one year | 29 | €188,870 | €286,813 | +€97,943 | +51.9% |
| Other amounts receivable | 291 | €188,870 | €286,813 | +€97,943 | +51.9% |
| Amounts receivable within one year | 40/41 | €170,186 | €166,644 | -€3,542 | -2.1% |
| Trade receivables | 40 | €162,043 | €154,229 | -€7,813 | -4.8% |
| Other amounts receivable | 41 | €8,144 | €12,415 | +€4,271 | +52.4% |
| Cash at bank and in hand | 54/58 | €328,075 | €90,512 | -€237,563 | -72.4% |
| Total equity and liabilities | 10/49 | €1,195,002 | €1,043,567 | -€151,436 | -12.7% |
| Equity | 10/15 | €988,793 | €872,722 | -€116,071 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €970,193 | €854,122 | -€116,071 | -12.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €363 | €363 | = | 0.0% |
| Distributable reserves | 133 | €967,970 | €851,899 | -€116,071 | -12.0% |
| Amounts payable | 17/49 | €206,209 | €170,844 | -€35,365 | -17.1% |
| Amounts payable after more than one year | 17 | €78,591 | €69,980 | -€8,612 | -11.0% |
| Financial debts | 170/4 | €78,591 | €69,980 | -€8,612 | -11.0% |
| Amounts payable within one year | 42/48 | €126,768 | €99,765 | -€27,003 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €12,043 | €8,612 | -€3,432 | -28.5% |
| Trade debts | 44 | €672 | - | -€672 | |
| Suppliers | 440/4 | €672 | - | -€672 | |
| Taxes, remuneration and social security | 45 | €35,572 | €16,650 | -€18,922 | -53.2% |
| Taxes | 450/3 | €34,779 | €12,070 | -€22,709 | -65.3% |
| Remuneration and social security | 454/9 | €793 | €4,579 | +€3,787 | +478% |
| Other amounts payable | 47/48 | €78,481 | €74,504 | -€3,977 | -5.1% |
| Accrued charges and deferred income | 492/3 | €850 | €1,100 | +€250 | +29.4% |
| Remuneration, social security and pensions | 62 | €12,115 | €161 | -€11,954 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,865 | €8,274 | -€591 | -6.7% |
| Other operating charges | 640/8 | €2,499 | €6,511 | +€4,012 | +161% |
| Gross operating margin | 9900 | €566,749 | €55,731 | -€511,018 | -90.2% |
| Operating profit (loss) | 9901 | €543,269 | €40,785 | -€502,484 | -92.5% |
| Financial income | 75/76B | €3,734 | €1,769 | -€1,965 | -52.6% |
| Recurring financial income | 75 | €3,734 | €1,769 | -€1,965 | -52.6% |
| Financial charges | 65/66B | €9,822 | €4,619 | -€5,202 | -53.0% |
| Recurring financial charges | 65 | €9,822 | €4,619 | -€5,202 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €537,181 | €37,934 | -€499,247 | -92.9% |
| Income taxes | 67/77 | €173,045 | €11,040 | -€162,005 | -93.6% |
| Profit (loss) for the period | 9904 | €364,136 | €26,894 | -€337,242 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €364,136 | €26,894 | -€337,242 | -92.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.