MANGARA SHOES: 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.
MANGARA SHOES
Largest movements
- Receivables within one year -€19,362
down €19,362 (-71.4%), from €27,125 to €7,763
of which Trade receivables: -€17,331
- Stocks and contracts -€10,204
down €10,204 (-20.8%), from €48,957 to €38,753
- Intangible fixed assets -€2,806
down €2,806 (-37.2%), from €7,539 to €4,733
- Cash +€1,335
up €1,335 (+578%), from €231 to €1,566
mainly Receivables within one year (+€19,362) and Stocks and contracts (+€10,204)
- Profit (loss) carried forward -€20,787
down €20,787 (-24.1%), from -€86,277 to -€107,064
- Trade debts -€16,072
down €16,072 (-63.4%), from €25,348 to €9,276
- Debts after one year +€7,080
up €7,080 (+5.9%), from €119,601 to €126,681
- Gross operating margin +€8,010
up €8,010 (+35.0%), from -€22,879 to -€14,869
- Other operating charges +€2,474
new in 2025: €2,474
- Financial charges -€1,378
down €1,378 (-69.9%), from €1,972 to €594
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 | €83,852 | €54,312 | -€29,540 | -35.2% |
| Fixed assets | 21/28 | €7,539 | €6,008 | -€1,531 | -20.3% |
| Intangible fixed assets | 21 | €7,539 | €4,733 | -€2,806 | -37.2% |
| Tangible fixed assets | 22/27 | - | €645 | +€645 | |
| Furniture and vehicles | 24 | - | €645 | +€645 | |
| Financial fixed assets | 28 | - | €630 | +€630 | |
| Current assets | 29/58 | €76,313 | €48,304 | -€28,009 | -36.7% |
| Stocks and contracts in progress | 3 | €48,957 | €38,753 | -€10,204 | -20.8% |
| Stocks | 30/36 | €48,957 | €38,753 | -€10,204 | -20.8% |
| Amounts receivable within one year | 40/41 | €27,125 | €7,763 | -€19,362 | -71.4% |
| Trade receivables | 40 | €24,984 | €7,653 | -€17,331 | -69.4% |
| Other amounts receivable | 41 | €2,141 | €110 | -€2,031 | -94.9% |
| Cash at bank and in hand | 54/58 | €231 | €1,566 | +€1,335 | +578% |
| Deferred charges and accrued income | 490/1 | - | €222 | +€222 | |
| Total equity and liabilities | 10/49 | €83,852 | €54,312 | -€29,540 | -35.2% |
| Equity | 10/15 | -€61,277 | -€82,064 | -€20,787 | -33.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,277 | -€107,064 | -€20,787 | -24.1% |
| Amounts payable | 17/49 | €145,129 | €136,377 | -€8,752 | -6.0% |
| Amounts payable after more than one year | 17 | €119,601 | €126,681 | +€7,080 | +5.9% |
| Other amounts payable | 178/9 | €119,601 | €126,681 | +€7,080 | +5.9% |
| Amounts payable within one year | 42/48 | €25,348 | €9,350 | -€15,998 | -63.1% |
| Trade debts | 44 | €25,348 | €9,276 | -€16,072 | -63.4% |
| Suppliers | 440/4 | €25,348 | €9,276 | -€16,072 | -63.4% |
| Taxes, remuneration and social security | 45 | - | €74 | +€74 | |
| Taxes | 450/3 | - | €74 | +€74 | |
| Accrued charges and deferred income | 492/3 | €180 | €345 | +€165 | +91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,807 | €2,865 | +€58 | +2.1% |
| Other operating charges | 640/8 | - | €2,474 | +€2,474 | |
| Gross operating margin | 9900 | -€22,879 | -€14,869 | +€8,010 | +35.0% |
| Operating profit (loss) | 9901 | -€25,686 | -€20,207 | +€5,479 | +21.3% |
| Financial income | 75/76B | €1 | €14 | +€13 | +1,295% |
| Recurring financial income | 75 | €1 | €14 | +€13 | +1,295% |
| Financial charges | 65/66B | €1,972 | €594 | -€1,378 | -69.9% |
| Recurring financial charges | 65 | €1,972 | €594 | -€1,378 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,657 | -€20,787 | +€6,870 | +24.8% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€27,657 | -€20,787 | +€6,870 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,657 | -€20,787 | +€6,870 | +24.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.