MANGRA: 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.
MANGRA
Largest movements
- Cash -€28,677
down €28,677 (-22.7%), from €126,402 to €97,725
mainly Contributions, distributions and other (-€23,643) and Investment in fixed assets (net) (-€7,420)
- Tangible fixed assets -€2,116
down €2,116 (-5.8%), from €36,596 to €34,480
of which Furniture and vehicles: -€2,035
- Reserves -€18,546
down €18,546 (-21.6%), from €85,811 to €67,265
- Other debts -€4,854
down €4,854 (-86.7%), from €5,600 to €746
- Trade debts -€4,525
down €4,525 (-89.6%), from €5,051 to €525
- Tax, wage and social debts -€2,370
down €2,370 (-22.1%), from €10,735 to €8,366
of which Taxes: -€2,730
- Gross operating margin +€6,498
up €6,498 (+36.0%), from €18,046 to €24,544
- Taxes +€3,259
up €3,259 (+56.3%), from €5,790 to €9,049
- Financial income -€2,890
down €2,890 (-98.0%), from €2,950 to €60
- Depreciation +€585
up €585 (+6.5%), from €8,951 to €9,536
- Financial charges -€324
down €324 (-87.8%), from €369 to €45
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 | €162,997 | €132,702 | -€30,295 | -18.6% |
| Fixed assets | 21/28 | €36,596 | €34,480 | -€2,116 | -5.8% |
| Tangible fixed assets | 22/27 | €36,596 | €34,480 | -€2,116 | -5.8% |
| Land and buildings | 22 | €7,886 | €6,572 | -€1,314 | -16.7% |
| Plant, machinery and equipment | 23 | €6,512 | €5,371 | -€1,141 | -17.5% |
| Furniture and vehicles | 24 | €22,198 | €20,163 | -€2,035 | -9.2% |
| Assets under construction and advance payments | 27 | - | €2,375 | +€2,375 | |
| Current assets | 29/58 | €126,402 | €98,223 | -€28,179 | -22.3% |
| Amounts receivable within one year | 40/41 | €0 | €498 | +€498 | |
| Trade receivables | 40 | €0 | €498 | +€498 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €126,402 | €97,725 | -€28,677 | -22.7% |
| Total equity and liabilities | 10/49 | €162,997 | €132,702 | -€30,295 | -18.6% |
| Equity | 10/15 | €141,611 | €123,065 | -€18,546 | -13.1% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €85,811 | €67,265 | -€18,546 | -21.6% |
| Distributable reserves | 133 | €85,811 | €67,265 | -€18,546 | -21.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,386 | €9,637 | -€11,749 | -54.9% |
| Amounts payable within one year | 42/48 | €21,386 | €9,637 | -€11,749 | -54.9% |
| Trade debts | 44 | €5,051 | €525 | -€4,525 | -89.6% |
| Suppliers | 440/4 | €5,051 | €525 | -€4,525 | -89.6% |
| Taxes, remuneration and social security | 45 | €10,735 | €8,366 | -€2,370 | -22.1% |
| Taxes | 450/3 | €10,015 | €7,286 | -€2,730 | -27.3% |
| Remuneration and social security | 454/9 | €720 | €1,080 | +€360 | +50.0% |
| Other amounts payable | 47/48 | €5,600 | €746 | -€4,854 | -86.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,951 | €9,536 | +€585 | +6.5% |
| Other operating charges | 640/8 | €584 | €877 | +€293 | +50.1% |
| Gross operating margin | 9900 | €18,046 | €24,544 | +€6,498 | +36.0% |
| Operating profit (loss) | 9901 | €8,510 | €14,131 | +€5,620 | +66.0% |
| Financial income | 75/76B | €2,950 | €60 | -€2,890 | -98.0% |
| Recurring financial income | 75 | €2,950 | €60 | -€2,890 | -98.0% |
| Financial charges | 65/66B | €369 | €45 | -€324 | -87.8% |
| Recurring financial charges | 65 | €369 | €45 | -€324 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €11,091 | €14,146 | +€3,055 | +27.5% |
| Income taxes | 67/77 | €5,790 | €9,049 | +€3,259 | +56.3% |
| Profit (loss) for the period | 9904 | €5,301 | €5,097 | -€205 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,301 | €5,097 | -€205 | -3.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.