MANGERO: 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.
MANGERO
Largest movements
- Receivables within one year +€2,749
up €2,749 (+4.5%), from €61,376 to €64,125
of which Other amounts receivable: +€2,749
- Profit (loss) carried forward -€13,058
down €13,058 (-47.5%), from -€27,516 to -€40,574
- Other debts +€12,481
up €12,481 (+43.2%), from €28,925 to €41,406
- Trade debts +€1,848
up €1,848 (+88.4%), from €2,090 to €3,938
- Tax, wage and social debts +€1,292
up €1,292 (+53.7%), from €2,406 to €3,699
- Other operating charges -€8,097
down €8,097 (-95.1%), from €8,513 to €416
- Gross operating margin -€4,530
down €4,530 (-93.4%), from -€4,848 to -€9,378
- Depreciation -€1,020
down €1,020 (-37.1%), from €2,751 to €1,730
- Financial charges -€471
down €471 (-23.5%), from €2,003 to €1,533
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 | €64,591 | €67,156 | +€2,564 | +4.0% |
| Fixed assets | 21/28 | €3,178 | €3,026 | -€151 | -4.8% |
| Tangible fixed assets | 22/27 | €2,178 | €2,026 | -€151 | -7.0% |
| Furniture and vehicles | 24 | €2,178 | €2,026 | -€151 | -7.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €61,414 | €64,129 | +€2,716 | +4.4% |
| Amounts receivable within one year | 40/41 | €61,376 | €64,125 | +€2,749 | +4.5% |
| Trade receivables | 40 | €56,781 | €56,781 | = | 0.0% |
| Other amounts receivable | 41 | €4,595 | €7,344 | +€2,749 | +59.8% |
| Cash at bank and in hand | 54/58 | €38 | €5 | -€34 | -88.1% |
| Total equity and liabilities | 10/49 | €64,591 | €67,156 | +€2,564 | +4.0% |
| Equity | 10/15 | €31,170 | €18,112 | -€13,058 | -41.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €8,686 | €8,686 | = | 0.0% |
| Distributable reserves | 133 | €8,686 | €8,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,516 | -€40,574 | -€13,058 | -47.5% |
| Amounts payable | 17/49 | €33,421 | €49,043 | +€15,622 | +46.7% |
| Amounts payable within one year | 42/48 | €33,421 | €49,043 | +€15,622 | +46.7% |
| Trade debts | 44 | €2,090 | €3,938 | +€1,848 | +88.4% |
| Suppliers | 440/4 | €2,090 | €3,938 | +€1,848 | +88.4% |
| Taxes, remuneration and social security | 45 | €2,406 | €3,699 | +€1,292 | +53.7% |
| Taxes | 450/3 | €2,406 | €3,699 | +€1,292 | +53.7% |
| Other amounts payable | 47/48 | €28,925 | €41,406 | +€12,481 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,751 | €1,730 | -€1,020 | -37.1% |
| Other operating charges | 640/8 | €8,513 | €416 | -€8,097 | -95.1% |
| Gross operating margin | 9900 | -€4,848 | -€9,378 | -€4,530 | -93.4% |
| Operating profit (loss) | 9901 | -€16,112 | -€11,525 | +€4,587 | +28.5% |
| Financial charges | 65/66B | €2,003 | €1,533 | -€471 | -23.5% |
| Recurring financial charges | 65 | €2,003 | €1,533 | -€471 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,115 | -€13,058 | +€5,058 | +27.9% |
| Profit (loss) for the period | 9904 | -€18,115 | -€13,058 | +€5,058 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,115 | -€13,058 | +€5,058 | +27.9% |
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 9 October 2026 via checked.be.