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MANGO: what changed

Two fiscal 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.

What changed

MANGO

BE 0827.405.644
NACE 74.120, Graphic design and visual communication
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€21,120
2023 · €31,985-€10,865
Equity
€151,549
2023 · €167,532-€15,983
Cash
€26,115
2023 · €140,685-€114,570
Balance sheet total
€206,835
2023 · €238,079-€31,244

Largest movements

2023 to 2024
Assets
  • Cash -€114,570

    down €114,570 (-81.4%), from €140,685 to €26,115

    mainly Receivables within one year (-€88,026) and Contributions, distributions and other (-€37,103)

  • Receivables within one year +€88,026

    up €88,026 (+110.6%), from €79,563 to €167,589

    of which Other amounts receivable: +€138,878

  • Tangible fixed assets -€4,700

    down €4,700 (-26.7%), from €17,588 to €12,888

    of which Plant, machinery and equipment: -€2,968

Equity and liabilities
  • Reserves -€17,103

    down €17,103 (-14.9%), from €114,963 to €97,860

  • Trade debts -€11,814

    down €11,814 (-64.7%), from €18,273 to €6,459

  • Tax, wage and social debts -€4,779

    down €4,779 (-27.8%), from €17,166 to €12,387

    of which Taxes: -€3,042

Income statement
  • Gross operating margin -€43,440

    down €43,440 (-38.5%), from €112,901 to €69,461

  • Staff costs -€31,319

    down €31,319 (-50.9%), from €61,560 to €30,241

  • Financial income +€1,764

    up €1,764 (+739.7%), from €238 to €2,003

  • Depreciation +€1,482

    up €1,482 (+32.0%), from €4,632 to €6,114

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €31,985
Gross operating margin -€43,440
Staff costs +€31,319
Depreciation -€1,482
Other operating charges +€10
Financial income +€1,764
Financial charges +€439
Taxes +€526
Result 2024 €21,120

Cash bridge derived

cash 2023 to 2024

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.

From operations -€76,053
Investment -€1,414
Financing -€37,103
Cash 2023 €140,685
Net result for the year +€21,120
Depreciation +€6,114
Receivables within one year -€88,026
Smaller working-capital items +€140
Trade debts -€11,814
Tax, wage and social debts -€4,779
Accrued charges and deferred income +€1,192
Investment in fixed assets (net) -€1,414
Contributions, distributions and other -€37,103
Cash 2024 €26,115
Every line side by side 40 lines
Line Code 2023 2024 Change %
Total assets 20/58 €238,079 €206,835 -€31,244 -13.1%
Fixed assets 21/28 €17,588 €12,888 -€4,700 -26.7%
Tangible fixed assets 22/27 €17,588 €12,888 -€4,700 -26.7%
Plant, machinery and equipment 23 €14,984 €12,016 -€2,968 -19.8%
Furniture and vehicles 24 €1,441 - -€1,441
Other tangible fixed assets 26 €1,163 €872 -€291 -25.0%
Current assets 29/58 €220,491 €193,947 -€26,544 -12.0%
Amounts receivable within one year 40/41 €79,563 €167,589 +€88,026 +110.6%
Trade receivables 40 €57,938 €7,086 -€50,852 -87.8%
Other amounts receivable 41 €21,625 €160,503 +€138,878 +642.2%
Cash at bank and in hand 54/58 €140,685 €26,115 -€114,570 -81.4%
Deferred charges and accrued income 490/1 €242 €243 +€0 +0.1%
Total equity and liabilities 10/49 €238,079 €206,835 -€31,244 -13.1%
Equity 10/15 €167,532 €151,549 -€15,983 -9.5%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €114,963 €97,860 -€17,103 -14.9%
Distributable reserves 133 €114,963 €97,860 -€17,103 -14.9%
Profit (loss) carried forward 14 €33,969 €35,089 +€1,120 +3.3%
Amounts payable 17/49 €70,547 €55,287 -€15,261 -21.6%
Amounts payable within one year 42/48 €70,547 €54,094 -€16,453 -23.3%
Trade debts 44 €18,273 €6,459 -€11,814 -64.7%
Suppliers 440/4 €18,273 €6,459 -€11,814 -64.7%
Taxes, remuneration and social security 45 €17,166 €12,387 -€4,779 -27.8%
Taxes 450/3 €9,994 €6,952 -€3,042 -30.4%
Remuneration and social security 454/9 €7,172 €5,435 -€1,737 -24.2%
Other amounts payable 47/48 €35,108 €35,248 +€140 +0.4%
Accrued charges and deferred income 492/3 - €1,192 +€1,192
Remuneration, social security and pensions 62 €61,560 €30,241 -€31,319 -50.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €4,632 €6,114 +€1,482 +32.0%
Other operating charges 640/8 €1,164 €1,155 -€10 -0.8%
Gross operating margin 9900 €112,901 €69,461 -€43,440 -38.5%
Operating profit (loss) 9901 €45,545 €31,951 -€13,594 -29.8%
Financial income 75/76B €238 €2,003 +€1,764 +739.7%
Recurring financial income 75 €238 €2,003 +€1,764 +739.7%
Financial charges 65/66B €1,652 €1,213 -€439 -26.6%
Recurring financial charges 65 €1,652 €1,213 -€439 -26.6%
Profit (loss) for the period before taxes 9903 €44,131 €32,740 -€11,391 -25.8%
Income taxes 67/77 €12,147 €11,620 -€526 -4.3%
Profit (loss) for the period 9904 €31,985 €21,120 -€10,865 -34.0%
Profit (loss) for the period to be appropriated 9905 €31,985 €21,120 -€10,865 -34.0%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.