MANCUSO: 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.
MANCUSO
Largest movements
- Receivables within one year +€294,581
up €294,581 (+154.6%), from €190,521 to €485,102
of which Trade receivables: +€287,715
- Deferred charges and accrued income -€71,408
down €71,408 (-99.7%), from €71,595 to €187
- Cash -€23,389
down €23,389 (-3.6%), from €647,411 to €624,022
mainly Receivables within one year (-€294,581) and Debts after one year (-€20,600)
- Advances received +€121,872
up €121,872 (+20.7%), from €587,760 to €709,632
- Profit (loss) carried forward +€54,250
up €54,250 (+16.7%), from €324,645 to €378,895
- Trade debts +€48,074
up €48,074 (+95.2%), from €50,481 to €98,555
- Debts after one year -€20,600
down €20,600 (-35.2%), from €58,484 to €37,884
- Gross operating margin +€51,968
up €51,968 (+40.0%), from €130,034 to €182,002
- Staff costs +€19,979
up €19,979 (+27.9%), from €71,738 to €91,717
- Taxes +€8,560
up €8,560 (+70.9%), from €12,076 to €20,636
- Financial income +€2,931
up €2,931 (+2930840.0%), from €0 to €2,931
- Depreciation +€2,774
up €2,774 (+24.2%), from €11,458 to €14,232
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,114,437 | €1,309,660 | +€195,223 | +17.5% |
| Fixed assets | 21/28 | €204,910 | €200,349 | -€4,560 | -2.2% |
| Tangible fixed assets | 22/27 | €113,210 | €107,049 | -€6,160 | -5.4% |
| Land and buildings | 22 | €77,720 | €75,200 | -€2,520 | -3.2% |
| Furniture and vehicles | 24 | €8,707 | €11,667 | +€2,960 | +34.0% |
| Leasing and similar rights | 25 | €564 | €423 | -€141 | -25.0% |
| Other tangible fixed assets | 26 | €26,219 | €19,759 | -€6,460 | -24.6% |
| Financial fixed assets | 28 | €91,700 | €93,300 | +€1,600 | +1.7% |
| Current assets | 29/58 | €909,527 | €1,109,311 | +€199,784 | +22.0% |
| Amounts receivable within one year | 40/41 | €190,521 | €485,102 | +€294,581 | +154.6% |
| Trade receivables | 40 | €185,597 | €473,312 | +€287,715 | +155.0% |
| Other amounts receivable | 41 | €4,924 | €11,790 | +€6,866 | +139.4% |
| Cash at bank and in hand | 54/58 | €647,411 | €624,022 | -€23,389 | -3.6% |
| Deferred charges and accrued income | 490/1 | €71,595 | €187 | -€71,408 | -99.7% |
| Total equity and liabilities | 10/49 | €1,114,437 | €1,309,660 | +€195,223 | +17.5% |
| Equity | 10/15 | €365,105 | €419,355 | +€54,250 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €324,645 | €378,895 | +€54,250 | +16.7% |
| Amounts payable | 17/49 | €749,331 | €890,305 | +€140,973 | +18.8% |
| Amounts payable after more than one year | 17 | €58,484 | €37,884 | -€20,600 | -35.2% |
| Financial debts | 170/4 | €58,484 | €37,884 | -€20,600 | -35.2% |
| Amounts payable within one year | 42/48 | €690,848 | €852,421 | +€161,573 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €19,491 | €19,539 | +€48 | +0.2% |
| Trade debts | 44 | €50,481 | €98,555 | +€48,074 | +95.2% |
| Suppliers | 440/4 | €50,481 | €98,555 | +€48,074 | +95.2% |
| Advances received on contracts in progress | 46 | €587,760 | €709,632 | +€121,872 | +20.7% |
| Taxes, remuneration and social security | 45 | €25,838 | €15,179 | -€10,659 | -41.3% |
| Taxes | 450/3 | €18,917 | €6,498 | -€12,419 | -65.7% |
| Remuneration and social security | 454/9 | €6,921 | €8,682 | +€1,760 | +25.4% |
| Other amounts payable | 47/48 | €7,278 | €9,516 | +€2,238 | +30.7% |
| Remuneration, social security and pensions | 62 | €71,738 | €91,717 | +€19,979 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,458 | €14,232 | +€2,774 | +24.2% |
| Other operating charges | 640/8 | €2,580 | €2,279 | -€301 | -11.7% |
| Gross operating margin | 9900 | €130,034 | €182,002 | +€51,968 | +40.0% |
| Operating profit (loss) | 9901 | €44,259 | €73,774 | +€29,516 | +66.7% |
| Financial income | 75/76B | €0 | €2,931 | +€2,931 | +2930840.0% |
| Recurring financial income | 75 | €0 | €2,931 | +€2,931 | +2930840.0% |
| Financial charges | 65/66B | €2,086 | €1,820 | -€267 | -12.8% |
| Recurring financial charges | 65 | €2,086 | €1,820 | -€267 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €42,173 | €74,886 | +€32,713 | +77.6% |
| Income taxes | 67/77 | €12,076 | €20,636 | +€8,560 | +70.9% |
| Profit (loss) for the period | 9904 | €30,097 | €54,250 | +€24,153 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,097 | €54,250 | +€24,153 | +80.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.