MENGEL GROUP: 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.
MENGEL GROUP
Largest movements
- Receivables within one year +€7,384
up €7,384 (+22.7%), from €32,489 to €39,874
of which Other amounts receivable: +€26,025
- Tangible fixed assets -€5,345
down €5,345 (-58.1%), from €9,195 to €3,850
of which Furniture and vehicles: -€3,978
- Debts after one year +€12,000
new in 2024: €12,000
- Profit (loss) carried forward -€8,027
down €8,027, from €855 to -€7,173
- Trade debts -€6,025
down €6,025 (-37.8%), from €15,956 to €9,931
- Tax, wage and social debts +€4,491
up €4,491 (+113%), from €3,964 to €8,454
of which Remuneration and social security: +€2,538
- Other debts -€2,909
no longer reported in 2024 (was €2,909)
- Gross operating margin -€14,161
down €14,161 (-81.2%), from €17,439 to €3,278
- Taxes -€3,964
no longer reported in 2024 (was €3,964)
- Financial charges +€314
up €314 (+270%), from €116 to €431
- Depreciation +€180
up €180 (+7.2%), from €2,505 to €2,686
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,684 | €43,724 | +€2,040 | +4.9% |
| Fixed assets | 21/28 | €9,195 | €3,850 | -€5,345 | -58.1% |
| Tangible fixed assets | 22/27 | €9,195 | €3,850 | -€5,345 | -58.1% |
| Plant, machinery and equipment | 23 | €4,278 | €2,912 | -€1,366 | -31.9% |
| Furniture and vehicles | 24 | €4,917 | €938 | -€3,978 | -80.9% |
| Current assets | 29/58 | €32,489 | €39,874 | +€7,384 | +22.7% |
| Amounts receivable within one year | 40/41 | €32,489 | €39,874 | +€7,384 | +22.7% |
| Trade receivables | 40 | €22,315 | €3,675 | -€18,641 | -83.5% |
| Other amounts receivable | 41 | €10,174 | €36,199 | +€26,025 | +256% |
| Total equity and liabilities | 10/49 | €41,684 | €43,724 | +€2,040 | +4.9% |
| Equity | 10/15 | €18,855 | €10,827 | -€8,027 | -42.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €855 | -€7,173 | -€8,027 | |
| Amounts payable | 17/49 | €22,829 | €32,896 | +€10,067 | +44.1% |
| Amounts payable after more than one year | 17 | - | €12,000 | +€12,000 | |
| Financial debts | 170/4 | - | €12,000 | +€12,000 | |
| Amounts payable within one year | 42/48 | €22,829 | €20,896 | -€1,933 | -8.5% |
| Financial debts | 43 | - | €2,510 | +€2,510 | |
| Credit institutions | 430/8 | - | €2,510 | +€2,510 | |
| Trade debts | 44 | €15,956 | €9,931 | -€6,025 | -37.8% |
| Suppliers | 440/4 | €15,956 | €9,931 | -€6,025 | -37.8% |
| Taxes, remuneration and social security | 45 | €3,964 | €8,454 | +€4,491 | +113% |
| Taxes | 450/3 | €3,964 | €5,917 | +€1,953 | +49.3% |
| Remuneration and social security | 454/9 | - | €2,538 | +€2,538 | |
| Other amounts payable | 47/48 | €2,909 | - | -€2,909 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,505 | €2,686 | +€180 | +7.2% |
| Other operating charges | 640/8 | - | €7 | +€7 | |
| Non-recurring operating charges | 66A | - | €8,176 | +€8,176 | |
| Gross operating margin | 9900 | €17,439 | €3,278 | -€14,161 | -81.2% |
| Operating profit (loss) | 9901 | €14,934 | -€7,590 | -€22,524 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €116 | €431 | +€314 | +270% |
| Recurring financial charges | 65 | €116 | €431 | +€314 | +270% |
| Profit (loss) for the period before taxes | 9903 | €14,818 | -€8,021 | -€22,839 | |
| Income taxes | 67/77 | €3,964 | - | -€3,964 | |
| Profit (loss) for the period | 9904 | €10,855 | -€8,021 | -€18,876 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,855 | -€8,021 | -€18,876 |
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 19 October 2026 via checked.be.