Mondriaan: 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.
Mondriaan
Largest movements
- Current investments +€120,000
new in 2025: €120,000
- Cash -€115,316
down €115,316 (-67.2%), from €171,559 to €56,243
mainly Current investments (-€120,000) and Investment in fixed assets (net) (-€37,900)
- Tangible fixed assets +€27,345
up €27,345 (+972.4%), from €2,812 to €30,157
of which Furniture and vehicles: +€28,763
- Receivables within one year -€13,793
no longer reported in 2025 (was €13,793)
- Reserves +€16,977
up €16,977 (+12.3%), from €137,746 to €154,723
- Tax, wage and social debts +€4,817
up €4,817 (+11.9%), from €40,583 to €45,400
- Other debts -€3,558
down €3,558 (-73.6%), from €4,835 to €1,277
- Gross operating margin -€148,964
down €148,964 (-82.2%), from €181,217 to €32,253
- Taxes -€35,679
down €35,679 (-87.7%), from €40,665 to €4,986
- Depreciation +€8,258
up €8,258 (+359.6%), from €2,297 to €10,555
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 | €188,164 | €208,100 | +€19,935 | +10.6% |
| Fixed assets | 21/28 | €2,812 | €30,157 | +€27,345 | +972.4% |
| Tangible fixed assets | 22/27 | €2,812 | €30,157 | +€27,345 | +972.4% |
| Plant, machinery and equipment | 23 | €2,812 | €1,394 | -€1,418 | -50.4% |
| Furniture and vehicles | 24 | - | €28,763 | +€28,763 | |
| Current assets | 29/58 | €185,352 | €177,942 | -€7,410 | -4.0% |
| Amounts receivable within one year | 40/41 | €13,793 | - | -€13,793 | |
| Trade receivables | 40 | €13,793 | - | -€13,793 | |
| Current investments | 50/53 | - | €120,000 | +€120,000 | |
| Cash at bank and in hand | 54/58 | €171,559 | €56,243 | -€115,316 | -67.2% |
| Deferred charges and accrued income | 490/1 | - | €1,699 | +€1,699 | |
| Total equity and liabilities | 10/49 | €188,164 | €208,100 | +€19,935 | +10.6% |
| Equity | 10/15 | €142,746 | €159,723 | +€16,977 | +11.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €137,746 | €154,723 | +€16,977 | +12.3% |
| Distributable reserves | 133 | €137,746 | €154,723 | +€16,977 | +12.3% |
| Amounts payable | 17/49 | €45,418 | €48,377 | +€2,959 | +6.5% |
| Amounts payable within one year | 42/48 | €45,418 | €48,377 | +€2,959 | +6.5% |
| Trade debts | 44 | - | €1,699 | +€1,699 | |
| Suppliers | 440/4 | - | €1,699 | +€1,699 | |
| Taxes, remuneration and social security | 45 | €40,583 | €45,400 | +€4,817 | +11.9% |
| Taxes | 450/3 | €40,583 | €45,400 | +€4,817 | +11.9% |
| Other amounts payable | 47/48 | €4,835 | €1,277 | -€3,558 | -73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,297 | €10,555 | +€8,258 | +359.6% |
| Other operating charges | 640/8 | €724 | €249 | -€475 | -65.6% |
| Gross operating margin | 9900 | €181,217 | €32,253 | -€148,964 | -82.2% |
| Operating profit (loss) | 9901 | €178,196 | €21,449 | -€156,747 | -88.0% |
| Financial income | 75/76B | €272 | €561 | +€289 | +106.3% |
| Recurring financial income | 75 | €272 | €561 | +€289 | +106.3% |
| Financial charges | 65/66B | €57 | €48 | -€9 | -15.7% |
| Recurring financial charges | 65 | €57 | €48 | -€9 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €178,411 | €21,962 | -€156,449 | -87.7% |
| Income taxes | 67/77 | €40,665 | €4,986 | -€35,679 | -87.7% |
| Profit (loss) for the period | 9904 | €137,746 | €16,977 | -€120,770 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €137,746 | €16,977 | -€120,770 | -87.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.