MANGELSCHOTS CONSULTING: what changed
MANGELSCHOTS CONSULTING
Largest movements
- Tangible fixed assets +€113,178
up €113,178 (+75.4%), from €150,173 to €263,351
of which Furniture and vehicles: +€129,061
- Receivables within one year +€27,208
up €27,208 (+28.7%), from €94,742 to €121,949
of which Trade receivables: +€29,451
- Cash -€19,520
down €19,520 (-18.0%), from €108,325 to €88,805
mainly Investment in fixed assets (net) (-€146,882) and Contributions, distributions and other (-€49,169)
- Debts after one year +€62,573
up €62,573 (+103%), from €60,729 to €123,302
- Reserves +€34,557
up €34,557 (+10.1%), from €342,542 to €377,099
- Current portion of long-term debt +€20,027
up €20,027 (+160%), from €12,500 to €32,526
- Tax, wage and social debts +€7,739
up €7,739 (+71.7%), from €10,790 to €18,529
- Depreciation +€12,304
up €12,304 (+65.9%), from €18,676 to €30,980
- Gross operating margin +€4,430
up €4,430 (+2.9%), from €152,557 to €156,987
- Taxes -€2,083
down €2,083 (-5.4%), from €38,570 to €36,487
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €493,404 | €616,993 | +€123,589 | +25.0% |
| Fixed assets | 21/28 | €215,337 | €331,239 | +€115,902 | +53.8% |
| Tangible fixed assets | 22/27 | €150,173 | €263,351 | +€113,178 | +75.4% |
| Land and buildings | 22 | €141,044 | €126,995 | -€14,049 | -10.0% |
| Plant, machinery and equipment | 23 | €5,222 | €3,389 | -€1,834 | -35.1% |
| Furniture and vehicles | 24 | €3,907 | €132,967 | +€129,061 | +3,303% |
| Financial fixed assets | 28 | €65,164 | €67,888 | +€2,724 | +4.2% |
| Current assets | 29/58 | €278,067 | €285,754 | +€7,687 | +2.8% |
| Amounts receivable within one year | 40/41 | €94,742 | €121,949 | +€27,208 | +28.7% |
| Trade receivables | 40 | €92,498 | €121,949 | +€29,451 | +31.8% |
| Other amounts receivable | 41 | €2,243 | - | -€2,243 | |
| Current investments | 50/53 | €75,000 | €75,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €108,325 | €88,805 | -€19,520 | -18.0% |
| Total equity and liabilities | 10/49 | €493,404 | €616,993 | +€123,589 | +25.0% |
| Equity | 10/15 | €388,201 | €422,757 | +€34,557 | +8.9% |
| Contributions | 10/11 | €16,667 | €16,667 | = | 0.0% |
| Reserves | 13 | €342,542 | €377,099 | +€34,557 | +10.1% |
| Distributable reserves | 133 | €342,542 | €377,099 | +€34,557 | +10.1% |
| Profit (loss) carried forward | 14 | €28,992 | €28,992 | = | 0.0% |
| Amounts payable | 17/49 | €105,203 | €194,235 | +€89,032 | +84.6% |
| Amounts payable after more than one year | 17 | €60,729 | €123,302 | +€62,573 | +103% |
| Financial debts | 170/4 | €60,729 | €123,302 | +€62,573 | +103% |
| Amounts payable within one year | 42/48 | €44,474 | €70,933 | +€26,459 | +59.5% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | €32,526 | +€20,027 | +160% |
| Trade debts | 44 | €21,185 | €19,878 | -€1,307 | -6.2% |
| Suppliers | 440/4 | €21,185 | €19,878 | -€1,307 | -6.2% |
| Taxes, remuneration and social security | 45 | €10,790 | €18,529 | +€7,739 | +71.7% |
| Taxes | 450/3 | €10,790 | €18,529 | +€7,739 | +71.7% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,676 | €30,980 | +€12,304 | +65.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €374 | - | -€374 | |
| Other operating charges | 640/8 | €4,949 | €4,948 | -€0 | 0.0% |
| Gross operating margin | 9900 | €152,557 | €156,987 | +€4,430 | +2.9% |
| Operating profit (loss) | 9901 | €128,559 | €121,058 | -€7,501 | -5.8% |
| Financial income | 75/76B | €2,564 | €2,539 | -€25 | -1.0% |
| Recurring financial income | 75 | €2,564 | €2,539 | -€25 | -1.0% |
| Financial charges | 65/66B | €2,408 | €3,385 | +€977 | +40.6% |
| Recurring financial charges | 65 | €2,408 | €3,385 | +€977 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | €128,715 | €120,212 | -€8,503 | -6.6% |
| Income taxes | 67/77 | €38,570 | €36,487 | -€2,083 | -5.4% |
| Profit (loss) for the period | 9904 | €90,145 | €83,726 | -€6,419 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €90,145 | €83,726 | -€6,419 | -7.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.