MANGO PROJECTS: 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.
MANGO PROJECTS
Largest movements
- Stocks and contracts +€2.2m
up €2.2m (+28.0%), from €7.9m to €10.1m
of which Stocks: +€1.8m
- Cash -€771,547
down €771,547 (-67.1%), from €1.2m to €378,974
mainly Stocks and contracts (-€2.2m) and Net result for the year (-€590,686)
- Receivables within one year +€138,728
up €138,728 (+567.3%), from €24,455 to €163,183
of which Trade receivables: +€99,637
- Debts after one year +€2.0m
up €2.0m (+21.7%), from €9.3m to €11.3m
- Profit (loss) carried forward -€590,686
down €590,686 (-41.9%), from -€1.4m to -€2.0m
- Advances received +€232,294
up €232,294 (+27.3%), from €851,110 to €1.1m
- Gross operating margin +€48,364
up €48,364 (+445.6%), from €10,854 to €59,218
- Financial charges +€39,147
up €39,147 (+7.2%), from €546,558 to €585,705
- Depreciation +€18,103
up €18,103 (+40.1%), from €45,151 to €63,254
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 | €9,286,918 | €10,948,593 | +€1.7m | +17.9% |
| Fixed assets | 21/28 | €125,785 | €205,159 | +€79,373 | +63.1% |
| Tangible fixed assets | 22/27 | €125,785 | €205,159 | +€79,373 | +63.1% |
| Plant, machinery and equipment | 23 | €125,785 | €205,159 | +€79,373 | +63.1% |
| Current assets | 29/58 | €9,161,133 | €10,743,435 | +€1.6m | +17.3% |
| Stocks and contracts in progress | 3 | €7,921,634 | €10,142,961 | +€2.2m | +28.0% |
| Stocks | 30/36 | €7,921,634 | €9,747,857 | +€1.8m | +23.1% |
| Contracts in progress | 37 | - | €395,105 | +€395,105 | |
| Amounts receivable within one year | 40/41 | €24,455 | €163,183 | +€138,728 | +567.3% |
| Trade receivables | 40 | €6,088 | €105,725 | +€99,637 | +1636.7% |
| Other amounts receivable | 41 | €18,367 | €57,458 | +€39,091 | +212.8% |
| Cash at bank and in hand | 54/58 | €1,150,522 | €378,974 | -€771,547 | -67.1% |
| Deferred charges and accrued income | 490/1 | €64,522 | €58,316 | -€6,207 | -9.6% |
| Total equity and liabilities | 10/49 | €9,286,918 | €10,948,593 | +€1.7m | +17.9% |
| Equity | 10/15 | -€1,206,479 | -€1,797,164 | -€590,686 | -49.0% |
| Contributions | 10/11 | €201,600 | €201,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,408,079 | -€1,998,764 | -€590,686 | -41.9% |
| Amounts payable | 17/49 | €10,493,397 | €12,745,758 | +€2.3m | +21.5% |
| Amounts payable after more than one year | 17 | €9,306,604 | €11,330,484 | +€2.0m | +21.7% |
| Financial debts | 170/4 | €9,306,604 | €11,330,484 | +€2.0m | +21.7% |
| Amounts payable within one year | 42/48 | €1,186,735 | €1,412,105 | +€225,370 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €32,350 | €46,821 | +€14,471 | +44.7% |
| Trade debts | 44 | €303,276 | €281,881 | -€21,395 | -7.1% |
| Suppliers | 440/4 | €303,276 | €281,881 | -€21,395 | -7.1% |
| Advances received on contracts in progress | 46 | €851,110 | €1,083,404 | +€232,294 | +27.3% |
| Accrued charges and deferred income | 492/3 | €58 | €3,168 | +€3,110 | +5328.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,151 | €63,254 | +€18,103 | +40.1% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €10,854 | €59,218 | +€48,364 | +445.6% |
| Operating profit (loss) | 9901 | -€35,264 | -€5,034 | +€30,230 | +85.7% |
| Financial income | 75/76B | €334 | €53 | -€281 | -84.2% |
| Recurring financial income | 75 | €334 | €53 | -€281 | -84.2% |
| Financial charges | 65/66B | €546,558 | €585,705 | +€39,147 | +7.2% |
| Recurring financial charges | 65 | €546,558 | €585,705 | +€39,147 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€581,488 | -€590,686 | -€9,198 | -1.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€581,488 | -€590,686 | -€9,198 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€581,488 | -€590,686 | -€9,198 | -1.6% |
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 10 October 2026 via checked.be.