MANGWAL: 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.
MANGWAL
Largest movements
- Cash +€2,549
up €2,549 (+89.6%), from €2,846 to €5,395
mainly Other debts (+€48,554) and Tax, wage and social debts (+€2,464)
- Intangible fixed assets -€1,000
down €1,000 (-33.3%), from €3,000 to €2,000
- Receivables within one year -€240
no longer reported in 2025 (was €240)
- Profit (loss) carried forward -€50,254
down €50,254 (-462%), from -€10,871 to -€61,126
- Other debts +€48,554
up €48,554 (+1,657%), from €2,931 to €51,485
- Tax, wage and social debts +€2,464
up €2,464 (+58.3%), from €4,228 to €6,693
of which Remuneration and social security: +€1,754
- Trade debts +€601
up €601 (+19.2%), from €3,129 to €3,729
- Staff costs +€27,154
up €27,154 (+114%), from €23,876 to €51,030
- Gross operating margin -€15,274
down €15,274 (-81.5%), from €18,753 to €3,478
- Other operating charges -€2,096
down €2,096 (-67.8%), from €3,093 to €997
- Financial charges -€1,316
down €1,316 (-86.9%), from €1,514 to €198
- Taxes -€280
down €280 (-35.5%), from €788 to €508
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.
Derived cash bridge
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 | €6,416 | €7,781 | +€1,364 | +21.3% |
| Fixed assets | 21/28 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Intangible fixed assets | 21 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Current assets | 29/58 | €3,416 | €5,781 | +€2,364 | +69.2% |
| Amounts receivable within one year | 40/41 | €240 | - | -€240 | |
| Trade receivables | 40 | €240 | - | -€240 | |
| Cash at bank and in hand | 54/58 | €2,846 | €5,395 | +€2,549 | +89.6% |
| Deferred charges and accrued income | 490/1 | €330 | €385 | +€55 | +16.8% |
| Total equity and liabilities | 10/49 | €6,416 | €7,781 | +€1,364 | +21.3% |
| Equity | 10/15 | -€3,871 | -€54,126 | -€50,254 | -1,298% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,871 | -€61,126 | -€50,254 | -462% |
| Amounts payable | 17/49 | €10,288 | €61,907 | +€51,619 | +502% |
| Amounts payable within one year | 42/48 | €10,288 | €61,907 | +€51,619 | +502% |
| Trade debts | 44 | €3,129 | €3,729 | +€601 | +19.2% |
| Suppliers | 440/4 | €3,129 | €3,729 | +€601 | +19.2% |
| Taxes, remuneration and social security | 45 | €4,228 | €6,693 | +€2,464 | +58.3% |
| Taxes | 450/3 | €2,150 | €2,860 | +€710 | +33.0% |
| Remuneration and social security | 454/9 | €2,079 | €3,833 | +€1,754 | +84.4% |
| Other amounts payable | 47/48 | €2,931 | €51,485 | +€48,554 | +1,657% |
| Remuneration, social security and pensions | 62 | €23,876 | €51,030 | +€27,154 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €3,093 | €997 | -€2,096 | -67.8% |
| Gross operating margin | 9900 | €18,753 | €3,478 | -€15,274 | -81.5% |
| Operating profit (loss) | 9901 | -€9,216 | -€49,548 | -€40,333 | -438% |
| Financial charges | 65/66B | €1,514 | €198 | -€1,316 | -86.9% |
| Recurring financial charges | 65 | €1,514 | €198 | -€1,316 | -86.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,730 | -€49,746 | -€39,017 | -364% |
| Income taxes | 67/77 | €788 | €508 | -€280 | -35.5% |
| Profit (loss) for the period | 9904 | -€11,517 | -€50,254 | -€38,737 | -336% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,517 | -€50,254 | -€38,737 | -336% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.