MANGIAVINO: what changed
MANGIAVINO
Largest movements
- Tangible fixed assets -€6,874
down €6,874 (-24.3%), from €28,291 to €21,417
of which Other tangible fixed assets: -€3,937
- Cash -€5,111
down €5,111 (-44.7%), from €11,424 to €6,313
mainly Debts after one year (-€4,531) and Stocks and contracts (-€4,376)
- Stocks and contracts +€4,376
up €4,376 (+10.2%), from €42,832 to €47,208
- Tax, wage and social debts +€6,716
up €6,716 (+50.4%), from €13,314 to €20,030
of which Remuneration and social security: +€9,103
- Debts after one year -€4,531
down €4,531 (-41.4%), from €10,948 to €6,416
- Other debts -€4,146
down €4,146 (-24.0%), from €17,247 to €13,100
- Profit (loss) carried forward -€3,249
down €3,249 (-12.5%), from €26,088 to €22,838
- Accrued charges and deferred income -€1,995
no longer reported in 2025 (was €1,995)
- Staff costs -€14,271
down €14,271 (-54.7%), from €26,100 to €11,829
- Gross operating margin -€9,116
down €9,116 (-30.7%), from €29,670 to €20,555
- Depreciation -€1,682
down €1,682 (-15.4%), from €10,903 to €9,221
- Other operating charges +€376
up €376 (+42.8%), from €878 to €1,254
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 | €90,634 | €82,707 | -€7,927 | -8.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €35,226 | €28,124 | -€7,102 | -20.2% |
| Intangible fixed assets | 21 | €935 | €707 | -€228 | -24.4% |
| Tangible fixed assets | 22/27 | €28,291 | €21,417 | -€6,874 | -24.3% |
| Plant, machinery and equipment | 23 | €6,219 | €5,144 | -€1,074 | -17.3% |
| Furniture and vehicles | 24 | €3,020 | €1,158 | -€1,862 | -61.7% |
| Other tangible fixed assets | 26 | €19,051 | €15,114 | -€3,937 | -20.7% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €55,408 | €54,583 | -€825 | -1.5% |
| Stocks and contracts in progress | 3 | €42,832 | €47,208 | +€4,376 | +10.2% |
| Stocks | 30/36 | €42,832 | €47,208 | +€4,376 | +10.2% |
| Amounts receivable within one year | 40/41 | €0 | €479 | +€479 | |
| Trade receivables | 40 | €0 | €479 | +€479 | |
| Cash at bank and in hand | 54/58 | €11,424 | €6,313 | -€5,111 | -44.7% |
| Deferred charges and accrued income | 490/1 | €1,153 | €583 | -€570 | -49.5% |
| Total equity and liabilities | 10/49 | €90,634 | €82,707 | -€7,927 | -8.7% |
| Equity | 10/15 | €31,088 | €27,838 | -€3,249 | -10.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,088 | €22,838 | -€3,249 | -12.5% |
| Amounts payable | 17/49 | €59,546 | €54,868 | -€4,678 | -7.9% |
| Amounts payable after more than one year | 17 | €10,948 | €6,416 | -€4,531 | -41.4% |
| Financial debts | 170/4 | €10,948 | €6,416 | -€4,531 | -41.4% |
| Amounts payable within one year | 42/48 | €46,604 | €48,452 | +€1,848 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €4,304 | €4,531 | +€227 | +5.3% |
| Trade debts | 44 | €11,739 | €10,791 | -€948 | -8.1% |
| Suppliers | 440/4 | €11,739 | €10,791 | -€948 | -8.1% |
| Taxes, remuneration and social security | 45 | €13,314 | €20,030 | +€6,716 | +50.4% |
| Taxes | 450/3 | €11,084 | €8,697 | -€2,387 | -21.5% |
| Remuneration and social security | 454/9 | €2,230 | €11,333 | +€9,103 | +408% |
| Other amounts payable | 47/48 | €17,247 | €13,100 | -€4,146 | -24.0% |
| Accrued charges and deferred income | 492/3 | €1,995 | - | -€1,995 | |
| Remuneration, social security and pensions | 62 | €26,100 | €11,829 | -€14,271 | -54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,903 | €9,221 | -€1,682 | -15.4% |
| Other operating charges | 640/8 | €878 | €1,254 | +€376 | +42.8% |
| Gross operating margin | 9900 | €29,670 | €20,555 | -€9,116 | -30.7% |
| Operating profit (loss) | 9901 | -€8,211 | -€1,749 | +€6,462 | +78.7% |
| Financial charges | 65/66B | €1,535 | €1,360 | -€175 | -11.4% |
| Recurring financial charges | 65 | €1,535 | €1,360 | -€175 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,746 | -€3,108 | +€6,638 | +68.1% |
| Income taxes | 67/77 | €84 | €141 | +€57 | +68.6% |
| Profit (loss) for the period | 9904 | -€9,830 | -€3,249 | +€6,580 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,830 | -€3,249 | +€6,580 | +66.9% |
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.