MONDRIAAN: 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.
MONDRIAAN
Largest movements
- Cash -€121,208
down €121,208 (-70.4%), from €172,247 to €51,039
mainly Short-term financial debts (-€200,000) and Accrued charges and deferred income (-€159,678)
- Intangible fixed assets -€41,037
down €41,037 (-73.0%), from €56,250 to €15,213
- Deferred charges and accrued income +€13,359
up €13,359 (+23.4%), from €57,175 to €70,534
- Short-term financial debts -€200,000
down €200,000 (-100%), from €200,000 to €0
- Accrued charges and deferred income -€159,678
down €159,678 (-99.2%), from €161,028 to €1,349
- Trade debts +€117,672
up €117,672 (+245%), from €48,067 to €165,739
- Other debts +€94,852
up €94,852 (+172%), from €55,148 to €150,000
- Tax, wage and social debts -€65,121
down €65,121 (-47.2%), from €137,899 to €72,778
of which Taxes: -€60,541
- Gross operating margin +€137,442
up €137,442 (+22.7%), from €604,172 to €741,614
- Staff costs +€18,541
up €18,541 (+4.0%), from €458,887 to €477,429
- Write-downs +€17,381
up €17,381, from -€1,505 to €15,876
- Taxes -€10,802
down €10,802 (-42.9%), from €25,177 to €14,375
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 | €932,141 | €767,209 | -€164,932 | -17.7% |
| Fixed assets | 21/28 | €77,845 | €30,637 | -€47,208 | -60.6% |
| Intangible fixed assets | 21 | €56,250 | €15,213 | -€41,037 | -73.0% |
| Tangible fixed assets | 22/27 | €21,595 | €15,424 | -€6,171 | -28.6% |
| Plant, machinery and equipment | 23 | €21,595 | €15,424 | -€6,171 | -28.6% |
| Current assets | 29/58 | €854,297 | €736,572 | -€117,725 | -13.8% |
| Amounts receivable after more than one year | 29 | €1,791 | €0 | -€1,791 | -100% |
| Trade receivables | 290 | €1,791 | €0 | -€1,791 | -100% |
| Amounts receivable within one year | 40/41 | €623,083 | €614,999 | -€8,084 | -1.3% |
| Trade receivables | 40 | €371,133 | €355,225 | -€15,908 | -4.3% |
| Other amounts receivable | 41 | €251,950 | €259,774 | +€7,824 | +3.1% |
| Cash at bank and in hand | 54/58 | €172,247 | €51,039 | -€121,208 | -70.4% |
| Deferred charges and accrued income | 490/1 | €57,175 | €70,534 | +€13,359 | +23.4% |
| Total equity and liabilities | 10/49 | €932,141 | €767,209 | -€164,932 | -17.7% |
| Equity | 10/15 | €330,000 | €357,701 | +€27,701 | +8.4% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €27,701 | +€27,701 | |
| Amounts payable | 17/49 | €602,141 | €409,508 | -€192,633 | -32.0% |
| Amounts payable within one year | 42/48 | €441,114 | €408,159 | -€32,955 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | - | €19,641 | +€19,641 | |
| Financial debts | 43 | €200,000 | €0 | -€200,000 | -100% |
| Credit institutions | 430/8 | €200,000 | €0 | -€200,000 | -100% |
| Trade debts | 44 | €48,067 | €165,739 | +€117,672 | +245% |
| Suppliers | 440/4 | €48,067 | €165,739 | +€117,672 | +245% |
| Taxes, remuneration and social security | 45 | €137,899 | €72,778 | -€65,121 | -47.2% |
| Taxes | 450/3 | €71,679 | €11,138 | -€60,541 | -84.5% |
| Remuneration and social security | 454/9 | €66,220 | €61,640 | -€4,580 | -6.9% |
| Other amounts payable | 47/48 | €55,148 | €150,000 | +€94,852 | +172% |
| Accrued charges and deferred income | 492/3 | €161,028 | €1,349 | -€159,678 | -99.2% |
| Non-recurring operating income | 76A | €9,047 | €4,500 | -€4,547 | -50.3% |
| Remuneration, social security and pensions | 62 | €458,887 | €477,429 | +€18,541 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,700 | €50,564 | +€864 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,505 | €15,876 | +€17,381 | |
| Other operating charges | 640/8 | €10,908 | €6,693 | -€4,216 | -38.6% |
| Gross operating margin | 9900 | €604,172 | €741,614 | +€137,442 | +22.7% |
| Operating profit (loss) | 9901 | €86,182 | €191,052 | +€104,870 | +122% |
| Financial income | 75/76B | €4,906 | €7,745 | +€2,838 | +57.8% |
| Recurring financial income | 75 | €4,906 | €7,745 | +€2,838 | +57.8% |
| Financial charges | 65/66B | €8,950 | €6,721 | -€2,228 | -24.9% |
| Recurring financial charges | 65 | €8,950 | €6,721 | -€2,228 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €82,138 | €192,075 | +€109,937 | +134% |
| Income taxes | 67/77 | €25,177 | €14,375 | -€10,802 | -42.9% |
| Profit (loss) for the period | 9904 | €56,962 | €177,701 | +€120,739 | +212% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €56,962 | €177,701 | +€120,739 | +212% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.