MANGE: 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.
MANGE
Largest movements
- Tangible fixed assets -€147,850
down €147,850 (-18.0%), from €821,151 to €673,301
- Receivables within one year +€47,120
up €47,120 (+21.5%), from €219,407 to €266,528
of which Other amounts receivable: +€48,560
- Intangible fixed assets -€20,211
down €20,211 (-48.8%), from €41,421 to €21,210
- Cash -€16,464
down €16,464 (-18.0%), from €91,448 to €74,983
mainly Net result for the year (-€220,123) and Receivables within one year (-€47,120)
- Profit (loss) carried forward -€155,840
new in 2024: -€155,840
- Other debts +€66,834
up €66,834 (+32.9%), from €203,058 to €269,892
- Reserves -€64,283
down €64,283 (-27.3%), from €235,683 to €171,400
- Tax, wage and social debts +€54,526
up €54,526 (+31.4%), from €173,862 to €228,387
of which Taxes: +€52,972
- Debts after one year -€35,521
down €35,521 (-45.8%), from €77,498 to €41,977
- Gross operating margin -€148,881
down €148,881 (-15.2%), from €979,711 to €830,831
- Financial charges +€62,681
up €62,681 (+127.8%), from €49,060 to €111,741
of which Non-recurring financial charges: +€58,675
- Staff costs +€31,210
up €31,210 (+4.3%), from €733,996 to €765,206
- Depreciation -€15,608
down €15,608 (-9.1%), from €171,864 to €156,256
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 | €1,242,151 | €1,109,398 | -€132,754 | -10.7% |
| Fixed assets | 21/28 | €864,175 | €696,114 | -€168,061 | -19.4% |
| Intangible fixed assets | 21 | €41,421 | €21,210 | -€20,211 | -48.8% |
| Tangible fixed assets | 22/27 | €821,151 | €673,301 | -€147,850 | -18.0% |
| Land and buildings | 22 | €367,914 | €297,763 | -€70,151 | -19.1% |
| Plant, machinery and equipment | 23 | €423,869 | €369,720 | -€54,148 | -12.8% |
| Furniture and vehicles | 24 | €29,368 | €5,818 | -€23,550 | -80.2% |
| Financial fixed assets | 28 | €1,603 | €1,603 | = | 0.0% |
| Current assets | 29/58 | €377,977 | €413,284 | +€35,307 | +9.3% |
| Stocks and contracts in progress | 3 | €62,288 | €71,773 | +€9,485 | +15.2% |
| Stocks | 30/36 | €62,288 | €71,773 | +€9,485 | +15.2% |
| Amounts receivable within one year | 40/41 | €219,407 | €266,528 | +€47,120 | +21.5% |
| Trade receivables | 40 | €106,917 | €105,478 | -€1,440 | -1.3% |
| Other amounts receivable | 41 | €112,490 | €161,050 | +€48,560 | +43.2% |
| Cash at bank and in hand | 54/58 | €91,448 | €74,983 | -€16,464 | -18.0% |
| Deferred charges and accrued income | 490/1 | €4,834 | - | -€4,834 | |
| Total equity and liabilities | 10/49 | €1,242,151 | €1,109,398 | -€132,754 | -10.7% |
| Equity | 10/15 | €298,083 | €77,960 | -€220,123 | -73.8% |
| Contributions | 10/11 | €62,400 | €62,400 | = | 0.0% |
| Reserves | 13 | €235,683 | €171,400 | -€64,283 | -27.3% |
| Distributable reserves | 133 | €235,683 | €171,400 | -€64,283 | -27.3% |
| Profit (loss) carried forward | 14 | - | -€155,840 | -€155,840 | |
| Amounts payable | 17/49 | €944,069 | €1,031,438 | +€87,369 | +9.3% |
| Amounts payable after more than one year | 17 | €77,498 | €41,977 | -€35,521 | -45.8% |
| Financial debts | 170/4 | €77,498 | €41,977 | -€35,521 | -45.8% |
| Amounts payable within one year | 42/48 | €858,958 | €989,461 | +€130,503 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €52,200 | €59,860 | +€7,660 | +14.7% |
| Financial debts | 43 | €5,606 | - | -€5,606 | |
| Credit institutions | 430/8 | €5,606 | - | -€5,606 | |
| Trade debts | 44 | €415,692 | €431,322 | +€15,630 | +3.8% |
| Suppliers | 440/4 | €415,692 | €431,322 | +€15,630 | +3.8% |
| Advances received on contracts in progress | 46 | €8,540 | - | -€8,540 | |
| Taxes, remuneration and social security | 45 | €173,862 | €228,387 | +€54,526 | +31.4% |
| Taxes | 450/3 | €99,966 | €152,938 | +€52,972 | +53.0% |
| Remuneration and social security | 454/9 | €73,895 | €75,449 | +€1,554 | +2.1% |
| Other amounts payable | 47/48 | €203,058 | €269,892 | +€66,834 | +32.9% |
| Accrued charges and deferred income | 492/3 | €7,613 | - | -€7,613 | |
| Non-recurring operating income | 76A | €569 | €6,510 | +€5,940 | +1043.1% |
| Remuneration, social security and pensions | 62 | €733,996 | €765,206 | +€31,210 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,864 | €156,256 | -€15,608 | -9.1% |
| Other operating charges | 640/8 | €21,539 | €21,322 | -€217 | -1.0% |
| Gross operating margin | 9900 | €979,711 | €830,831 | -€148,881 | -15.2% |
| Operating profit (loss) | 9901 | €52,312 | -€111,953 | -€164,266 | |
| Financial income | 75/76B | €4,096 | €3,714 | -€382 | -9.3% |
| Recurring financial income | 75 | €4,096 | €3,714 | -€382 | -9.3% |
| Financial charges | 65/66B | €49,060 | €111,741 | +€62,681 | +127.8% |
| Recurring financial charges | 65 | €17,697 | €21,703 | +€4,006 | +22.6% |
| Non-recurring financial charges | 66B | €31,363 | €90,038 | +€58,675 | +187.1% |
| Profit (loss) for the period before taxes | 9903 | €7,348 | -€219,980 | -€227,328 | |
| Income taxes | 67/77 | €1,511 | €143 | -€1,368 | -90.6% |
| Profit (loss) for the period | 9904 | €5,838 | -€220,123 | -€225,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,838 | -€220,123 | -€225,960 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.