Het Manna: 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.
Het Manna
Largest movements
- Tangible fixed assets +€245,056
up €245,056 (+12.2%), from €2.0m to €2.3m
of which Land and buildings: +€247,699
- Receivables within one year -€75,479
down €75,479 (-56.2%), from €134,409 to €58,931
of which Trade receivables: -€71,960
- Cash +€46,270
up €46,270 (+154.0%), from €30,053 to €76,323
mainly Current portion of long-term debt (+€148,116) and Other debts (+€106,500)
- Current portion of long-term debt +€148,116
up €148,116 (+172.8%), from €85,711 to €233,827
- Other debts +€106,500
up €106,500 (+76.6%), from €139,026 to €245,526
- Debts after one year -€34,438
down €34,438 (-2.0%), from €1.7m to €1.7m
- Financial charges +€24,189
up €24,189 (+51.8%), from €46,676 to €70,866
- Gross operating margin +€22,658
up €22,658 (+16.4%), from €137,787 to €160,445
- Depreciation -€18,782
down €18,782 (-16.8%), from €112,008 to €93,226
- Other operating charges -€1,732
down €1,732 (-16.4%), from €10,528 to €8,796
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 | €2,180,422 | €2,396,543 | +€216,121 | +9.9% |
| Fixed assets | 21/28 | €2,009,000 | €2,254,056 | +€245,056 | +12.2% |
| Tangible fixed assets | 22/27 | €2,009,000 | €2,254,056 | +€245,056 | +12.2% |
| Land and buildings | 22 | €1,991,021 | €2,238,720 | +€247,699 | +12.4% |
| Plant, machinery and equipment | 23 | €170 | €54 | -€116 | -68.0% |
| Furniture and vehicles | 24 | €17,809 | €15,281 | -€2,528 | -14.2% |
| Current assets | 29/58 | €171,422 | €142,488 | -€28,935 | -16.9% |
| Amounts receivable within one year | 40/41 | €134,409 | €58,931 | -€75,479 | -56.2% |
| Trade receivables | 40 | €121,570 | €49,610 | -€71,960 | -59.2% |
| Other amounts receivable | 41 | €12,839 | €9,321 | -€3,519 | -27.4% |
| Cash at bank and in hand | 54/58 | €30,053 | €76,323 | +€46,270 | +154.0% |
| Deferred charges and accrued income | 490/1 | €6,960 | €7,234 | +€274 | +3.9% |
| Total equity and liabilities | 10/49 | €2,180,422 | €2,396,543 | +€216,121 | +9.9% |
| Equity | 10/15 | €216,230 | €203,116 | -€13,114 | -6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €242,111 | €242,111 | = | 0.0% |
| Distributable reserves | 133 | €242,111 | €242,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,082 | -€45,196 | -€13,114 | -40.9% |
| Amounts payable | 17/49 | €1,964,192 | €2,193,428 | +€229,236 | +11.7% |
| Amounts payable after more than one year | 17 | €1,718,935 | €1,684,496 | -€34,438 | -2.0% |
| Financial debts | 170/4 | €1,718,935 | €1,684,496 | -€34,438 | -2.0% |
| Amounts payable within one year | 42/48 | €243,324 | €506,401 | +€263,077 | +108.1% |
| Current portion of amounts payable after more than one year | 42 | €85,711 | €233,827 | +€148,116 | +172.8% |
| Trade debts | 44 | €1,328 | €10,307 | +€8,979 | +676.1% |
| Suppliers | 440/4 | €1,328 | €10,307 | +€8,979 | +676.1% |
| Taxes, remuneration and social security | 45 | €17,258 | €16,741 | -€517 | -3.0% |
| Taxes | 450/3 | €17,258 | €16,740 | -€518 | -3.0% |
| Remuneration and social security | 454/9 | - | €1 | +€1 | |
| Other amounts payable | 47/48 | €139,026 | €245,526 | +€106,500 | +76.6% |
| Accrued charges and deferred income | 492/3 | €1,934 | €2,530 | +€597 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,008 | €93,226 | -€18,782 | -16.8% |
| Other operating charges | 640/8 | €10,528 | €8,796 | -€1,732 | -16.4% |
| Gross operating margin | 9900 | €137,787 | €160,445 | +€22,658 | +16.4% |
| Operating profit (loss) | 9901 | €15,251 | €58,423 | +€43,172 | +283.1% |
| Financial income | 75/76B | €6 | €10 | +€4 | +73.3% |
| Recurring financial income | 75 | €6 | €10 | +€4 | +73.3% |
| Financial charges | 65/66B | €46,676 | €70,866 | +€24,189 | +51.8% |
| Recurring financial charges | 65 | €46,676 | €70,866 | +€24,189 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | -€31,419 | -€12,432 | +€18,987 | +60.4% |
| Income taxes | 67/77 | €662 | €682 | +€20 | +3.0% |
| Profit (loss) for the period | 9904 | -€32,082 | -€13,114 | +€18,967 | +59.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,082 | -€13,114 | +€18,967 | +59.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.