e-MANABILITY: 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.
e-MANABILITY
Largest movements
- Receivables within one year -€30,300
down €30,300 (-61.3%), from €49,466 to €19,167
of which Trade receivables: -€25,089
- Cash +€16,728
up €16,728 (+33.2%), from €50,322 to €67,050
mainly Receivables within one year (+€30,300) and Net result for the year (+€21,079)
- Tangible fixed assets -€9,531
down €9,531 (-23.8%), from €40,063 to €30,532
of which Furniture and vehicles: -€9,033
- Trade debts -€22,067
down €22,067 (-80.7%), from €27,350 to €5,283
- Debts after one year -€8,490
down €8,490 (-31.0%), from €27,427 to €18,937
- Reserves +€6,079
up €6,079 (+18.4%), from €33,025 to €39,104
- Tax, wage and social debts +€5,017
up €5,017 (+17.0%), from €29,559 to €34,576
- Other debts -€2,506
down €2,506 (-27.8%), from €9,000 to €6,494
- Depreciation +€8,102
up €8,102 (+237.4%), from €3,412 to €11,515
- Other operating charges -€4,020
down €4,020 (-61.5%), from €6,531 to €2,512
- Staff costs +€3,839
up €3,839 (+7.9%), from €48,463 to €52,303
- Financial charges +€1,328
up €1,328 (+148.6%), from €894 to €2,222
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 | €141,151 | €119,184 | -€21,967 | -15.6% |
| Fixed assets | 21/28 | €41,363 | €31,832 | -€9,531 | -23.0% |
| Tangible fixed assets | 22/27 | €40,063 | €30,532 | -€9,531 | -23.8% |
| Plant, machinery and equipment | 23 | €2,662 | €2,164 | -€497 | -18.7% |
| Furniture and vehicles | 24 | €37,401 | €28,368 | -€9,033 | -24.2% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €99,788 | €87,352 | -€12,436 | -12.5% |
| Amounts receivable within one year | 40/41 | €49,466 | €19,167 | -€30,300 | -61.3% |
| Trade receivables | 40 | €44,256 | €19,167 | -€25,089 | -56.7% |
| Other amounts receivable | 41 | €5,210 | - | -€5,210 | |
| Cash at bank and in hand | 54/58 | €50,322 | €67,050 | +€16,728 | +33.2% |
| Deferred charges and accrued income | 490/1 | - | €1,135 | +€1,135 | |
| Total equity and liabilities | 10/49 | €141,151 | €119,184 | -€21,967 | -15.6% |
| Equity | 10/15 | €39,325 | €45,404 | +€6,079 | +15.5% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €33,025 | €39,104 | +€6,079 | +18.4% |
| Distributable reserves | 133 | €33,025 | €39,104 | +€6,079 | +18.4% |
| Amounts payable | 17/49 | €101,826 | €73,780 | -€28,046 | -27.5% |
| Amounts payable after more than one year | 17 | €27,427 | €18,937 | -€8,490 | -31.0% |
| Financial debts | 170/4 | €27,427 | €18,937 | -€8,490 | -31.0% |
| Amounts payable within one year | 42/48 | €74,399 | €54,842 | -€19,556 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €8,490 | €8,490 | = | 0.0% |
| Trade debts | 44 | €27,350 | €5,283 | -€22,067 | -80.7% |
| Suppliers | 440/4 | €27,350 | €5,283 | -€22,067 | -80.7% |
| Taxes, remuneration and social security | 45 | €29,559 | €34,576 | +€5,017 | +17.0% |
| Taxes | 450/3 | €29,559 | €34,576 | +€5,017 | +17.0% |
| Other amounts payable | 47/48 | €9,000 | €6,494 | -€2,506 | -27.8% |
| Remuneration, social security and pensions | 62 | €48,463 | €52,303 | +€3,839 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,412 | €11,515 | +€8,102 | +237.4% |
| Other operating charges | 640/8 | €6,531 | €2,512 | -€4,020 | -61.5% |
| Non-recurring operating charges | 66A | €8,005 | - | -€8,005 | |
| Gross operating margin | 9900 | €101,300 | €100,846 | -€453 | -0.4% |
| Operating profit (loss) | 9901 | €34,887 | €34,517 | -€370 | -1.1% |
| Financial income | 75/76B | €53 | €603 | +€550 | +1044.4% |
| Recurring financial income | 75 | €53 | €603 | +€550 | +1044.4% |
| Financial charges | 65/66B | €894 | €2,222 | +€1,328 | +148.6% |
| Recurring financial charges | 65 | €894 | €2,222 | +€1,328 | +148.6% |
| Profit (loss) for the period before taxes | 9903 | €34,046 | €32,898 | -€1,148 | -3.4% |
| Income taxes | 67/77 | €11,797 | €11,819 | +€23 | +0.2% |
| Profit (loss) for the period | 9904 | €22,249 | €21,079 | -€1,170 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,249 | €21,079 | -€1,170 | -5.3% |
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 7 October 2026 via checked.be.