MANGENIE: 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.
MANGENIE
Largest movements
- Receivables within one year -€2.3m
down €2.3m (-98.9%), from €2.3m to €25,204
- Financial fixed assets -€554,913
down €554,913 (-15.1%), from €3.7m to €3.1m
- Cash +€500,633
up €500,633 (+343%), from €146,058 to €646,691
mainly Receivables within one year (+€2.3m) and Other debts (+€742,274)
- Current investments +€162,896
up €162,896 (+31.8%), from €512,104 to €675,000
- Profit (loss) carried forward -€2.9m
down €2.9m (-98.8%), from €2.9m to €34,496
- Other debts +€742,274
up €742,274 (+31.8%), from €2.3m to €3.1m
- Financial income -€124,299
down €124,299 (-47.6%), from €261,033 to €136,734
of which Financial income: -€169,659
- Taxes -€46,009
down €46,009 (-67.8%), from €67,829 to €21,820
- Financial charges -€6,517
down €6,517 (-94.3%), from €6,912 to €396
of which Financial charges: -€6,517
- Other operating charges +€1,024
up €1,024 (+25.8%), from €3,974 to €4,998
- Gross operating margin -€372
down €372 (-9.1%), from -€4,094 to -€4,466
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 | €6,663,824 | €4,463,267 | -€2.2m | -33.0% |
| Fixed assets | 21/28 | €3,670,326 | €3,115,413 | -€554,913 | -15.1% |
| Financial fixed assets | 28 | €3,670,326 | €3,115,413 | -€554,913 | -15.1% |
| Current assets | 29/58 | €2,993,498 | €1,347,854 | -€1.6m | -55.0% |
| Amounts receivable within one year | 40/41 | €2,335,336 | €25,204 | -€2.3m | -98.9% |
| Other amounts receivable | 41 | €2,335,336 | €25,204 | -€2.3m | -98.9% |
| Current investments | 50/53 | €512,104 | €675,000 | +€162,896 | +31.8% |
| Cash at bank and in hand | 54/58 | €146,058 | €646,691 | +€500,633 | +343% |
| Deferred charges and accrued income | 490/1 | - | €959 | +€959 | |
| Total equity and liabilities | 10/49 | €6,663,824 | €4,463,267 | -€2.2m | -33.0% |
| Equity | 10/15 | €4,261,273 | €1,366,284 | -€2.9m | -67.9% |
| Contributions | 10/11 | €1,211,891 | €1,211,891 | = | 0.0% |
| Reserves | 13 | €119,898 | €119,898 | = | 0.0% |
| Non-distributable reserves | 130/1 | €119,898 | €119,898 | = | 0.0% |
| Reserves not available under the articles | 1311 | €119,898 | €119,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,929,484 | €34,496 | -€2.9m | -98.8% |
| Amounts payable | 17/49 | €2,402,552 | €3,096,983 | +€694,431 | +28.9% |
| Amounts payable within one year | 42/48 | €2,400,570 | €3,096,983 | +€696,413 | +29.0% |
| Trade debts | 44 | €88 | €409 | +€321 | +366% |
| Suppliers | 440/4 | €88 | €409 | +€321 | +366% |
| Taxes, remuneration and social security | 45 | €67,383 | €21,201 | -€46,182 | -68.5% |
| Taxes | 450/3 | €67,383 | €21,201 | -€46,182 | -68.5% |
| Other amounts payable | 47/48 | €2,333,099 | €3,075,373 | +€742,274 | +31.8% |
| Accrued charges and deferred income | 492/3 | €1,982 | €0 | -€1,982 | -100% |
| Other operating charges | 640/8 | €3,974 | €4,998 | +€1,024 | +25.8% |
| Gross operating margin | 9900 | -€4,094 | -€4,466 | -€372 | -9.1% |
| Operating profit (loss) | 9901 | -€8,069 | -€9,464 | -€1,396 | -17.3% |
| Financial income | 75/76B | €261,033 | €136,734 | -€124,299 | -47.6% |
| Recurring financial income | 75 | €261,033 | €91,374 | -€169,659 | -65.0% |
| Non-recurring financial income | 76B | €0 | €45,360 | +€45,360 | |
| Financial charges | 65/66B | €6,912 | €396 | -€6,517 | -94.3% |
| Recurring financial charges | 65 | €6,912 | €396 | -€6,517 | -94.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €246,052 | €126,874 | -€119,178 | -48.4% |
| Income taxes | 67/77 | €67,829 | €21,820 | -€46,009 | -67.8% |
| Profit (loss) for the period | 9904 | €178,224 | €105,055 | -€73,169 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €178,224 | €105,055 | -€73,169 | -41.1% |
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 17 October 2026 via checked.be.