MANGROVE: 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
MANGROVE
NACE 59.203, Motion picture, video and television programme production, sound recording and music publishing activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€13,975
2023 · €5,662+€8,313
Equity
€333,635
2023 · €319,660+€13,975
Cash
€99
2023 · €99+€0
Balance sheet total
€528,200
2023 · €420,065+€108,134
Largest movements
Assets
- Receivables within one year +€137,278
up €137,278 (+100.9%), from €136,050 to €273,329
of which Trade receivables: +€112,041
- Tangible fixed assets -€20,854
down €20,854 (-7.6%), from €274,737 to €253,883
of which Land and buildings: -€12,226
- Deferred charges and accrued income -€8,290
down €8,290 (-91.2%), from €9,092 to €802
Equity and liabilities
- Debts after one year +€84,789
new in 2024: €84,789
- Current portion of long-term debt +€15,211
new in 2024: €15,211
- Reserves +€13,975
up €13,975 (+6.4%), from €219,070 to €233,045
of which Distributable reserves: +€19,612
Income statement
- Gross operating margin +€16,082
up €16,082 (+45.6%), from €35,250 to €51,332
- Other operating charges +€4,949
up €4,949 (+271.5%), from €1,823 to €6,771
- Taxes +€3,262
up €3,262 (+86.3%), from €3,778 to €7,039
- Staff costs +€1,125
up €1,125 (+131.8%), from €854 to €1,979
- Financial charges -€1,051
down €1,051 (-36.4%), from €2,883 to €1,833
From the 2023 result to the 2024 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
€5,662
Gross operating margin
+€16,082
Staff costs
-€1,125
Depreciation
+€516
Other operating charges
-€4,949
Financial income
+€0
Financial charges
+€1,051
Taxes
-€3,262
Result 2024
€13,975
Cash bridge derived
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
-€94,793
Investment
-€775
Financing
+€95,568
Cash 2023
€99
From operations (derived)
-€94,793
Net result for the year
+€13,975
Depreciation
+€21,629
Receivables within one year
-€137,278
Deferred charges and accrued income
+€8,290
Provisions
-€1,894
Trade debts
+€140
Tax, wage and social debts
+€345
Investment (derived)
-€775
Investment in fixed assets (net)
-€775
Financing
+€95,568
Debts after one year
+€84,789
Current portion of long-term debt
+€15,211
Short-term financial debts
-€4,432
Cash 2024
€99
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,065 | €528,200 | +€108,134 | +25.7% |
| Fixed assets | 21/28 | €274,824 | €253,970 | -€20,854 | -7.6% |
| Tangible fixed assets | 22/27 | €274,737 | €253,883 | -€20,854 | -7.6% |
| Land and buildings | 22 | €143,564 | €131,338 | -€12,226 | -8.5% |
| Plant, machinery and equipment | 23 | €1,043 | €617 | -€427 | -40.9% |
| Furniture and vehicles | 24 | €2,752 | €1,892 | -€860 | -31.2% |
| Other tangible fixed assets | 26 | €127,378 | €120,036 | -€7,342 | -5.8% |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €145,242 | €274,230 | +€128,988 | +88.8% |
| Amounts receivable within one year | 40/41 | €136,050 | €273,329 | +€137,278 | +100.9% |
| Trade receivables | 40 | €11,500 | €123,541 | +€112,041 | +974.3% |
| Other amounts receivable | 41 | €124,550 | €149,788 | +€25,238 | +20.3% |
| Cash at bank and in hand | 54/58 | €99 | €99 | +€0 | +0.4% |
| Deferred charges and accrued income | 490/1 | €9,092 | €802 | -€8,290 | -91.2% |
| Total equity and liabilities | 10/49 | €420,065 | €528,200 | +€108,134 | +25.7% |
| Equity | 10/15 | €319,660 | €333,635 | +€13,975 | +4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €219,070 | €233,045 | +€13,975 | +6.4% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €57,671 | €53,894 | -€3,777 | -6.5% |
| Distributable reserves | 133 | €159,540 | €179,151 | +€19,612 | +12.3% |
| Profit (loss) carried forward | 14 | €94,390 | €94,390 | = | 0.0% |
| Provisions and deferred taxes | 16 | €30,144 | €28,250 | -€1,894 | -6.3% |
| Deferred taxes | 168 | €30,144 | €28,250 | -€1,894 | -6.3% |
| Amounts payable | 17/49 | €70,261 | €166,314 | +€96,053 | +136.7% |
| Amounts payable after more than one year | 17 | - | €84,789 | +€84,789 | |
| Financial debts | 170/4 | - | €84,789 | +€84,789 | |
| Amounts payable within one year | 42/48 | €70,261 | €81,525 | +€11,264 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | - | €15,211 | +€15,211 | |
| Financial debts | 43 | €10,530 | €6,098 | -€4,432 | -42.1% |
| Credit institutions | 430/8 | €10,530 | €6,098 | -€4,432 | -42.1% |
| Trade debts | 44 | €29,575 | €29,715 | +€140 | +0.5% |
| Suppliers | 440/4 | €29,575 | €29,715 | +€140 | +0.5% |
| Advances received on contracts in progress | 46 | €19,360 | €19,360 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,229 | €9,574 | +€345 | +3.7% |
| Taxes | 450/3 | €8,375 | €9,574 | +€1,199 | +14.3% |
| Remuneration and social security | 454/9 | €854 | - | -€854 | |
| Other amounts payable | 47/48 | €1,567 | €1,567 | = | 0.0% |
| Non-recurring operating income | 76A | - | €11,328 | +€11,328 | |
| Remuneration, social security and pensions | 62 | €854 | €1,979 | +€1,125 | +131.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,145 | €21,629 | -€516 | -2.3% |
| Other operating charges | 640/8 | €1,823 | €6,771 | +€4,949 | +271.5% |
| Gross operating margin | 9900 | €35,250 | €51,332 | +€16,082 | +45.6% |
| Operating profit (loss) | 9901 | €10,429 | €20,952 | +€10,524 | +100.9% |
| Financial income | 75/76B | €1 | €1 | +€0 | +19.6% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +19.6% |
| Financial charges | 65/66B | €2,883 | €1,833 | -€1,051 | -36.4% |
| Recurring financial charges | 65 | €2,883 | €1,833 | -€1,051 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €7,546 | €19,120 | +€11,574 | +153.4% |
| Transfer from deferred taxes | 780 | €1,894 | €1,894 | = | 0.0% |
| Income taxes | 67/77 | €3,778 | €7,039 | +€3,262 | +86.3% |
| Profit (loss) for the period | 9904 | €5,662 | €13,975 | +€8,313 | +146.8% |
| Transfer from tax-exempt reserves | 789 | €3,777 | €3,777 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,440 | €17,753 | +€8,313 | +88.1% |
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 7 October 2026 via checked.be.