MANGRINOX: 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.
MANGRINOX
Largest movements
- Receivables within one year +€65,685
up €65,685 (+25.7%), from €255,159 to €320,844
of which Trade receivables: +€66,102
- Cash -€19,892
down €19,892 (-6.4%), from €308,632 to €288,740
mainly Receivables within one year (-€65,685) and Investment in fixed assets (net) (-€5,644)
- Tangible fixed assets -€9,626
down €9,626 (-3.0%), from €317,081 to €307,455
of which Land and buildings: -€13,389
- Profit (loss) carried forward +€42,712
up €42,712 (+2664.5%), from €1,603 to €44,315
- Gross operating margin +€16,626
up €16,626 (+28.4%), from €58,550 to €75,176
- Taxes +€3,770
up €3,770 (+44.2%), from €8,522 to €12,292
- Depreciation +€1,881
up €1,881 (+14.0%), from €13,389 to €15,270
- Other operating charges +€1,539
up €1,539 (+58.1%), from €2,650 to €4,189
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 | €880,872 | €917,039 | +€36,167 | +4.1% |
| Fixed assets | 21/28 | €317,081 | €307,455 | -€9,626 | -3.0% |
| Tangible fixed assets | 22/27 | €317,081 | €307,455 | -€9,626 | -3.0% |
| Land and buildings | 22 | €317,081 | €303,692 | -€13,389 | -4.2% |
| Plant, machinery and equipment | 23 | - | €3,763 | +€3,763 | |
| Current assets | 29/58 | €563,791 | €609,584 | +€45,793 | +8.1% |
| Amounts receivable within one year | 40/41 | €255,159 | €320,844 | +€65,685 | +25.7% |
| Trade receivables | 40 | €3,775 | €69,877 | +€66,102 | +1751.0% |
| Other amounts receivable | 41 | €251,384 | €250,967 | -€417 | -0.2% |
| Cash at bank and in hand | 54/58 | €308,632 | €288,740 | -€19,892 | -6.4% |
| Total equity and liabilities | 10/49 | €880,872 | €917,039 | +€36,167 | +4.1% |
| Equity | 10/15 | €21,603 | €64,315 | +€42,712 | +197.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | €1,603 | €44,315 | +€42,712 | +2664.5% |
| Amounts payable | 17/49 | €859,269 | €852,724 | -€6,545 | -0.8% |
| Amounts payable within one year | 42/48 | €859,269 | €852,724 | -€6,545 | -0.8% |
| Trade debts | 44 | €21,923 | €18,972 | -€2,951 | -13.5% |
| Suppliers | 440/4 | €21,923 | €18,972 | -€2,951 | -13.5% |
| Taxes, remuneration and social security | 45 | €7,855 | €5,458 | -€2,397 | -30.5% |
| Taxes | 450/3 | €7,855 | €5,458 | -€2,397 | -30.5% |
| Other amounts payable | 47/48 | €829,491 | €828,294 | -€1,197 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,389 | €15,270 | +€1,881 | +14.0% |
| Other operating charges | 640/8 | €2,650 | €4,189 | +€1,539 | +58.1% |
| Non-recurring operating charges | 66A | - | €500 | +€500 | |
| Gross operating margin | 9900 | €58,550 | €75,176 | +€16,626 | +28.4% |
| Operating profit (loss) | 9901 | €42,511 | €55,217 | +€12,706 | +29.9% |
| Financial charges | 65/66B | €215 | €213 | -€2 | -0.9% |
| Recurring financial charges | 65 | €215 | €213 | -€2 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €42,296 | €55,004 | +€12,708 | +30.0% |
| Income taxes | 67/77 | €8,522 | €12,292 | +€3,770 | +44.2% |
| Profit (loss) for the period | 9904 | €33,774 | €42,712 | +€8,938 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,774 | €42,712 | +€8,938 | +26.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.