MANGWA: 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.
MANGWA
Largest movements
- Tangible fixed assets +€174,693
new in 2024: €174,693
- Cash -€72,076
down €72,076 (-98.2%), from €73,397 to €1,321
mainly Investment in fixed assets (net) (-€178,756) and Net result for the year (-€23,556)
- Debts after one year +€98,000
new in 2024: €98,000
- Profit (loss) carried forward -€23,556
down €23,556 (-359.1%), from -€6,561 to -€30,117
- Other debts +€14,916
new in 2024: €14,916
- Contributions +€14,140
up €14,140 (+18.1%), from €78,000 to €92,140
- Purchases and services -€6,514
no longer reported in 2024 (was €6,514)
- Gross operating margin -€5,093
down €5,093 (-78.2%), from -€6,514 to -€11,607
- Financial charges +€4,420
up €4,420 (+9592.9%), from €46 to €4,466
- Depreciation +€4,063
new in 2024: €4,063
- Other operating charges +€3,420
new in 2024: €3,420
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,397 | €176,014 | +€102,617 | +139.8% |
| Fixed assets | 21/28 | - | €174,693 | +€174,693 | |
| Tangible fixed assets | 22/27 | - | €174,693 | +€174,693 | |
| Land and buildings | 22 | - | €174,693 | +€174,693 | |
| Current assets | 29/58 | €73,397 | €1,321 | -€72,076 | -98.2% |
| Cash at bank and in hand | 54/58 | €73,397 | €1,321 | -€72,076 | -98.2% |
| Total equity and liabilities | 10/49 | €73,397 | €176,014 | +€102,617 | +139.8% |
| Equity | 10/15 | €71,439 | €62,023 | -€9,416 | -13.2% |
| Contributions | 10/11 | €78,000 | €92,140 | +€14,140 | +18.1% |
| Profit (loss) carried forward | 14 | -€6,561 | -€30,117 | -€23,556 | -359.1% |
| Amounts payable | 17/49 | €1,958 | €113,991 | +€112,033 | +5722.7% |
| Amounts payable after more than one year | 17 | - | €98,000 | +€98,000 | |
| Financial debts | 170/4 | - | €98,000 | +€98,000 | |
| Amounts payable within one year | 42/48 | €1,958 | €15,991 | +€14,033 | +716.8% |
| Trade debts | 44 | €1,958 | €1,076 | -€882 | -45.1% |
| Suppliers | 440/4 | €1,958 | €1,076 | -€882 | -45.1% |
| Other amounts payable | 47/48 | - | €14,916 | +€14,916 | |
| Goods, raw materials, services and sundry goods | 60/61 | €6,514 | - | -€6,514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,063 | +€4,063 | |
| Other operating charges | 640/8 | - | €3,420 | +€3,420 | |
| Gross operating margin | 9900 | -€6,514 | -€11,607 | -€5,093 | -78.2% |
| Operating profit (loss) | 9901 | -€6,514 | -€19,090 | -€12,575 | -193.0% |
| Financial charges | 65/66B | €46 | €4,466 | +€4,420 | +9592.9% |
| Recurring financial charges | 65 | €46 | €4,466 | +€4,420 | +9592.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,561 | -€23,556 | -€16,996 | -259.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,561 | -€23,556 | -€16,996 | -259.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,561 | -€23,556 | -€16,996 | -259.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.