Mansarde: what changed
Mansarde
Largest movements
- Receivables within one year -€96,310
down €96,310 (-62.2%), from €154,774 to €58,465
of which Other amounts receivable: -€66,744
- Cash +€45,641
up €45,641 (+390%), from €11,716 to €57,357
mainly Receivables within one year (+€96,310) and Net result for the year (+€45,206)
- Tangible fixed assets +€5,066
up €5,066 (+123%), from €4,119 to €9,186
- Deferred charges and accrued income -€2,738
down €2,738 (-100%), from €2,738 to €0
- Reserves -€75,402
down €75,402 (-33.1%), from €227,749 to €152,347
- Tax, wage and social debts +€16,724
up €16,724 (+71.7%), from €23,325 to €40,048
- Current portion of long-term debt +€14,151
up €14,151 (+1,667%), from €849 to €15,000
- Trade debts -€5,496
down €5,496 (-60.9%), from €9,025 to €3,530
- Taxes -€5,074
down €5,074 (-27.1%), from €18,742 to €13,668
- Financial income -€3,370
down €3,370 (-41.0%), from €8,229 to €4,859
- Gross operating margin -€1,129
down €1,129 (-1.9%), from €59,475 to €58,346
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €273,348 | €225,007 | -€48,341 | -17.7% |
| Fixed assets | 21/28 | €4,119 | €9,186 | +€5,066 | +123% |
| Tangible fixed assets | 22/27 | €4,119 | €9,186 | +€5,066 | +123% |
| Furniture and vehicles | 24 | €4,119 | €9,186 | +€5,066 | +123% |
| Current assets | 29/58 | €269,228 | €215,821 | -€53,407 | -19.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €154,774 | €58,465 | -€96,310 | -62.2% |
| Trade receivables | 40 | €48,380 | €18,814 | -€29,566 | -61.1% |
| Other amounts receivable | 41 | €106,394 | €39,651 | -€66,744 | -62.7% |
| Cash at bank and in hand | 54/58 | €11,716 | €57,357 | +€45,641 | +390% |
| Deferred charges and accrued income | 490/1 | €2,738 | €0 | -€2,738 | -100% |
| Total equity and liabilities | 10/49 | €273,348 | €225,007 | -€48,341 | -17.7% |
| Equity | 10/15 | €240,149 | €164,747 | -€75,402 | -31.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €227,749 | €152,347 | -€75,402 | -33.1% |
| Distributable reserves | 133 | €227,749 | €152,347 | -€75,402 | -33.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,199 | €60,260 | +€27,061 | +81.5% |
| Amounts payable within one year | 42/48 | €33,199 | €60,260 | +€27,061 | +81.5% |
| Current portion of amounts payable after more than one year | 42 | €849 | €15,000 | +€14,151 | +1,667% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €9,025 | €3,530 | -€5,496 | -60.9% |
| Suppliers | 440/4 | €9,025 | €3,530 | -€5,496 | -60.9% |
| Advances received on contracts in progress | 46 | - | €1,682 | +€1,682 | |
| Taxes, remuneration and social security | 45 | €23,325 | €40,048 | +€16,724 | +71.7% |
| Taxes | 450/3 | €23,325 | €40,048 | +€16,724 | +71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,297 | €2,832 | +€535 | +23.3% |
| Other operating charges | 640/8 | €1,402 | €1,053 | -€350 | -24.9% |
| Gross operating margin | 9900 | €59,475 | €58,346 | -€1,129 | -1.9% |
| Operating profit (loss) | 9901 | €55,776 | €54,462 | -€1,314 | -2.4% |
| Financial income | 75/76B | €8,229 | €4,859 | -€3,370 | -41.0% |
| Recurring financial income | 75 | €8,229 | €4,859 | -€3,370 | -41.0% |
| Financial charges | 65/66B | €694 | €446 | -€248 | -35.7% |
| Recurring financial charges | 65 | €694 | €446 | -€248 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €63,310 | €58,874 | -€4,436 | -7.0% |
| Income taxes | 67/77 | €18,742 | €13,668 | -€5,074 | -27.1% |
| Profit (loss) for the period | 9904 | €44,568 | €45,206 | +€638 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,568 | €45,206 | +€638 | +1.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.