DB Manaco: 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.
DB Manaco
Largest movements
- Receivables within one year +€63,329
up €63,329 (+294.6%), from €21,497 to €84,826
of which Other amounts receivable: +€64,244
- Cash -€40,610
down €40,610 (-31.6%), from €128,495 to €87,885
mainly Receivables within one year (-€63,329)
- Tangible fixed assets -€9,000
no longer reported in 2025 (was €9,000)
- Tax, wage and social debts +€7,751
up €7,751 (+22.0%), from €35,269 to €43,020
- Reserves +€3,007
up €3,007 (+2.5%), from €118,746 to €121,752
- Trade debts +€2,559
up €2,559 (+96.1%), from €2,661 to €5,220
- Gross operating margin -€147,267
down €147,267 (-90.6%), from €162,489 to €15,222
- Taxes -€32,948
down €32,948 (-93.4%), from €35,269 to €2,321
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 | €159,176 | €172,711 | +€13,535 | +8.5% |
| Fixed assets | 21/28 | €9,000 | - | -€9,000 | |
| Tangible fixed assets | 22/27 | €9,000 | - | -€9,000 | |
| Furniture and vehicles | 24 | €9,000 | - | -€9,000 | |
| Current assets | 29/58 | €150,176 | €172,711 | +€22,535 | +15.0% |
| Amounts receivable within one year | 40/41 | €21,497 | €84,826 | +€63,329 | +294.6% |
| Trade receivables | 40 | €14,805 | €13,890 | -€915 | -6.2% |
| Other amounts receivable | 41 | €6,692 | €70,936 | +€64,244 | +960.0% |
| Cash at bank and in hand | 54/58 | €128,495 | €87,885 | -€40,610 | -31.6% |
| Deferred charges and accrued income | 490/1 | €183 | - | -€183 | |
| Total equity and liabilities | 10/49 | €159,176 | €172,711 | +€13,535 | +8.5% |
| Equity | 10/15 | €121,246 | €124,252 | +€3,007 | +2.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €118,746 | €121,752 | +€3,007 | +2.5% |
| Distributable reserves | 133 | €118,746 | €121,752 | +€3,007 | +2.5% |
| Amounts payable | 17/49 | €37,930 | €48,459 | +€10,528 | +27.8% |
| Amounts payable within one year | 42/48 | €37,930 | €48,240 | +€10,310 | +27.2% |
| Trade debts | 44 | €2,661 | €5,220 | +€2,559 | +96.1% |
| Suppliers | 440/4 | €2,661 | €5,220 | +€2,559 | +96.1% |
| Taxes, remuneration and social security | 45 | €35,269 | €43,020 | +€7,751 | +22.0% |
| Taxes | 450/3 | €35,269 | €43,020 | +€7,751 | +22.0% |
| Accrued charges and deferred income | 492/3 | - | €218 | +€218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,500 | €9,000 | +€1,500 | +20.0% |
| Other operating charges | 640/8 | €1,061 | €2,490 | +€1,429 | +134.6% |
| Gross operating margin | 9900 | €162,489 | €15,222 | -€147,267 | -90.6% |
| Operating profit (loss) | 9901 | €153,928 | €3,733 | -€150,196 | -97.6% |
| Financial income | 75/76B | €222 | €1,734 | +€1,512 | +681.2% |
| Recurring financial income | 75 | €222 | €1,734 | +€1,512 | +681.2% |
| Financial charges | 65/66B | €136 | €140 | +€3 | +2.6% |
| Recurring financial charges | 65 | €136 | €140 | +€3 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €154,014 | €5,327 | -€148,687 | -96.5% |
| Income taxes | 67/77 | €35,269 | €2,321 | -€32,948 | -93.4% |
| Profit (loss) for the period | 9904 | €118,746 | €3,007 | -€115,739 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €118,746 | €3,007 | -€115,739 | -97.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.