MANGANO CARMELO: 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.
MANGANO CARMELO
Largest movements
- Receivables within one year +€64,340
up €64,340 (+417.4%), from €15,413 to €79,753
of which Other amounts receivable: +€50,340
- Tangible fixed assets -€7,113
down €7,113 (-58.9%), from €12,075 to €4,962
of which Leasing and similar rights: -€9,954
- Deferred charges and accrued income -€3,199
down €3,199 (-61.7%), from €5,187 to €1,988
- Debts after one year +€112,407
up €112,407 (+206.7%), from €54,383 to €166,790
- Profit (loss) carried forward -€32,954
down €32,954 (-51.9%), from -€63,499 to -€96,453
- Short-term financial debts -€12,372
no longer reported in 2025 (was €12,372)
- Trade debts -€8,767
down €8,767 (-59.5%), from €14,723 to €5,956
- Current portion of long-term debt -€3,252
down €3,252 (-58.5%), from €5,561 to €2,309
- Staff costs -€54,113
down €54,113 (-99.9%), from €54,143 to €30
- Gross operating margin -€14,938
down €14,938 (-38.0%), from €39,362 to €24,424
- Other operating charges -€4,353
down €4,353 (-70.1%), from €6,209 to €1,856
- Depreciation -€3,129
down €3,129 (-30.6%), from €10,242 to €7,113
- Financial charges -€550
down €550 (-3.8%), from €14,379 to €13,830
of which Non-recurring financial charges: -€4,849
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 | €32,676 | €87,557 | +€54,881 | +168.0% |
| Fixed assets | 21/28 | €12,075 | €4,962 | -€7,113 | -58.9% |
| Tangible fixed assets | 22/27 | €12,075 | €4,962 | -€7,113 | -58.9% |
| Plant, machinery and equipment | 23 | €2,121 | €1,300 | -€820 | -38.7% |
| Furniture and vehicles | 24 | - | €3,661 | +€3,661 | |
| Leasing and similar rights | 25 | €9,954 | - | -€9,954 | |
| Current assets | 29/58 | €20,601 | €82,595 | +€61,994 | +300.9% |
| Amounts receivable within one year | 40/41 | €15,413 | €79,753 | +€64,340 | +417.4% |
| Trade receivables | 40 | - | €14,000 | +€14,000 | |
| Other amounts receivable | 41 | €15,413 | €65,753 | +€50,340 | +326.6% |
| Cash at bank and in hand | 54/58 | - | €854 | +€854 | |
| Deferred charges and accrued income | 490/1 | €5,187 | €1,988 | -€3,199 | -61.7% |
| Total equity and liabilities | 10/49 | €32,676 | €87,557 | +€54,881 | +168.0% |
| Equity | 10/15 | -€58,499 | -€91,453 | -€32,954 | -56.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,499 | -€96,453 | -€32,954 | -51.9% |
| Amounts payable | 17/49 | €91,175 | €179,010 | +€87,835 | +96.3% |
| Amounts payable after more than one year | 17 | €54,383 | €166,790 | +€112,407 | +206.7% |
| Financial debts | 170/4 | €54,383 | €166,790 | +€112,407 | +206.7% |
| Amounts payable within one year | 42/48 | €36,417 | €10,736 | -€25,681 | -70.5% |
| Current portion of amounts payable after more than one year | 42 | €5,561 | €2,309 | -€3,252 | -58.5% |
| Financial debts | 43 | €12,372 | - | -€12,372 | |
| Credit institutions | 430/8 | €12,372 | - | -€12,372 | |
| Trade debts | 44 | €14,723 | €5,956 | -€8,767 | -59.5% |
| Suppliers | 440/4 | €14,723 | €5,956 | -€8,767 | -59.5% |
| Taxes, remuneration and social security | 45 | €3,762 | €2,471 | -€1,291 | -34.3% |
| Taxes | 450/3 | €295 | €2,471 | +€2,176 | +737.9% |
| Remuneration and social security | 454/9 | €3,467 | - | -€3,467 | |
| Accrued charges and deferred income | 492/3 | €375 | €1,484 | +€1,109 | +295.7% |
| Remuneration, social security and pensions | 62 | €54,143 | €30 | -€54,113 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,242 | €7,113 | -€3,129 | -30.6% |
| Other operating charges | 640/8 | €6,209 | €1,856 | -€4,353 | -70.1% |
| Non-recurring operating charges | 66A | €2,242 | €35,604 | +€33,362 | +1488.1% |
| Gross operating margin | 9900 | €39,362 | €24,424 | -€14,938 | -38.0% |
| Operating profit (loss) | 9901 | -€33,475 | -€20,180 | +€13,295 | +39.7% |
| Financial income | 75/76B | €952 | €1,312 | +€360 | +37.8% |
| Recurring financial income | 75 | €952 | €1,312 | +€360 | +37.8% |
| Financial charges | 65/66B | €14,379 | €13,830 | -€550 | -3.8% |
| Recurring financial charges | 65 | €9,530 | €13,830 | +€4,300 | +45.1% |
| Non-recurring financial charges | 66B | €4,849 | - | -€4,849 | |
| Profit (loss) for the period before taxes | 9903 | -€46,902 | -€32,698 | +€14,205 | +30.3% |
| Income taxes | 67/77 | €273 | €256 | -€17 | -6.3% |
| Profit (loss) for the period | 9904 | -€47,176 | -€32,954 | +€14,222 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,176 | -€32,954 | +€14,222 | +30.1% |
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 3 October 2026 via checked.be.