MANGAREVA: 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.
MANGAREVA
Largest movements
- Receivables within one year -€184,106
down €184,106 (-75.1%), from €245,061 to €60,955
of which Trade receivables: -€177,303
- Cash -€57,453
down €57,453 (-51.4%), from €111,824 to €54,370
mainly Advances received (-€100,854) and Other debts (-€84,846)
- Current investments +€37,349
up €37,349 (+28.1%), from €132,760 to €170,109
- Advances received -€100,854
down €100,854 (-76.2%), from €132,287 to €31,433
- Other debts -€84,846
down €84,846 (-82.5%), from €102,872 to €18,025
- Trade debts -€60,388
down €60,388 (-99.9%), from €60,425 to €37
- Reserves +€44,840
up €44,840 (+22.3%), from €200,948 to €245,788
of which Distributable reserves: +€42,840
- Gross operating margin -€50,175
down €50,175 (-41.3%), from €121,489 to €71,314
- Taxes -€12,298
down €12,298 (-35.1%), from €34,987 to €22,690
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 | €525,153 | €322,545 | -€202,608 | -38.6% |
| Fixed assets | 21/28 | €34,306 | €37,111 | +€2,805 | +8.2% |
| Tangible fixed assets | 22/27 | €13,021 | €15,826 | +€2,805 | +21.5% |
| Plant, machinery and equipment | 23 | €2,956 | €4,488 | +€1,532 | +51.8% |
| Furniture and vehicles | 24 | €10,065 | €11,338 | +€1,273 | +12.6% |
| Financial fixed assets | 28 | €21,285 | €21,285 | = | 0.0% |
| Current assets | 29/58 | €490,847 | €285,434 | -€205,413 | -41.8% |
| Amounts receivable within one year | 40/41 | €245,061 | €60,955 | -€184,106 | -75.1% |
| Trade receivables | 40 | €214,145 | €36,842 | -€177,303 | -82.8% |
| Other amounts receivable | 41 | €30,916 | €24,112 | -€6,803 | -22.0% |
| Current investments | 50/53 | €132,760 | €170,109 | +€37,349 | +28.1% |
| Cash at bank and in hand | 54/58 | €111,824 | €54,370 | -€57,453 | -51.4% |
| Deferred charges and accrued income | 490/1 | €1,203 | €0 | -€1,203 | -100.0% |
| Total equity and liabilities | 10/49 | €525,153 | €322,545 | -€202,608 | -38.6% |
| Equity | 10/15 | €221,133 | €265,974 | +€44,840 | +20.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €200,948 | €245,788 | +€44,840 | +22.3% |
| Non-distributable reserves | 130/1 | - | €2,000 | +€2,000 | |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Distributable reserves | 133 | €200,948 | €243,788 | +€42,840 | +21.3% |
| Profit (loss) carried forward | 14 | €185 | €185 | = | 0.0% |
| Amounts payable | 17/49 | €304,020 | €56,571 | -€247,448 | -81.4% |
| Amounts payable within one year | 42/48 | €304,020 | €56,571 | -€247,448 | -81.4% |
| Trade debts | 44 | €60,425 | €37 | -€60,388 | -99.9% |
| Suppliers | 440/4 | €60,425 | €37 | -€60,388 | -99.9% |
| Advances received on contracts in progress | 46 | €132,287 | €31,433 | -€100,854 | -76.2% |
| Taxes, remuneration and social security | 45 | €8,436 | €7,076 | -€1,360 | -16.1% |
| Taxes | 450/3 | €8,436 | €7,076 | -€1,360 | -16.1% |
| Other amounts payable | 47/48 | €102,872 | €18,025 | -€84,846 | -82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,700 | €3,876 | +€1,176 | +43.6% |
| Other operating charges | 640/8 | €43 | €1,066 | +€1,023 | +2375.2% |
| Gross operating margin | 9900 | €121,489 | €71,314 | -€50,175 | -41.3% |
| Operating profit (loss) | 9901 | €118,746 | €66,372 | -€52,374 | -44.1% |
| Financial income | 75/76B | €814 | €1,503 | +€689 | +84.7% |
| Recurring financial income | 75 | €814 | €1,499 | +€685 | +84.3% |
| Non-recurring financial income | 76B | - | €4 | +€4 | |
| Financial charges | 65/66B | €210 | €345 | +€135 | +64.3% |
| Recurring financial charges | 65 | €210 | €324 | +€114 | +54.3% |
| Non-recurring financial charges | 66B | -€0 | €21 | +€21 | |
| Profit (loss) for the period before taxes | 9903 | €119,349 | €67,530 | -€51,820 | -43.4% |
| Income taxes | 67/77 | €34,987 | €22,690 | -€12,298 | -35.1% |
| Profit (loss) for the period | 9904 | €84,362 | €44,840 | -€39,522 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,362 | €44,840 | -€39,522 | -46.8% |
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 7 October 2026 via checked.be.