HOLDING MANIASTONE: 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.
HOLDING MANIASTONE
Largest movements
- Receivables within one year +€22,308
up €22,308 (+11,441%), from €195 to €22,503
of which Other amounts receivable: +€21,703
- Tangible fixed assets -€14,037
down €14,037 (-7.2%), from €194,919 to €180,882
- Cash -€6,962
down €6,962 (-44.9%), from €15,491 to €8,529
mainly Debts after one year (-€55,073) and Other debts (-€23,721)
- Reserves +€71,008
up €71,008 (+40.7%), from €174,563 to €245,571
- Debts after one year -€55,073
down €55,073 (-22.4%), from €245,601 to €190,528
- Other debts -€23,721
down €23,721 (-38.6%), from €61,514 to €37,793
- Current portion of long-term debt +€8,508
up €8,508 (+15.8%), from €53,904 to €62,412
- Financial income +€25,000
new in 2025: €25,000
- Gross operating margin +€4,198
up €4,198 (+5.2%), from €80,893 to €85,092
- Depreciation +€2,062
up €2,062 (+17.2%), from €11,976 to €14,037
- Financial charges -€1,295
down €1,295 (-10.4%), from €12,482 to €11,187
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 | €552,155 | €553,464 | +€1,309 | +0.2% |
| Fixed assets | 21/28 | €534,919 | €520,882 | -€14,037 | -2.6% |
| Tangible fixed assets | 22/27 | €194,919 | €180,882 | -€14,037 | -7.2% |
| Land and buildings | 22 | €194,919 | €180,882 | -€14,037 | -7.2% |
| Financial fixed assets | 28 | €340,000 | €340,000 | = | 0.0% |
| Current assets | 29/58 | €17,236 | €32,582 | +€15,347 | +89.0% |
| Amounts receivable within one year | 40/41 | €195 | €22,503 | +€22,308 | +11,441% |
| Trade receivables | 40 | - | €605 | +€605 | |
| Other amounts receivable | 41 | €195 | €21,898 | +€21,703 | +11,131% |
| Cash at bank and in hand | 54/58 | €15,491 | €8,529 | -€6,962 | -44.9% |
| Deferred charges and accrued income | 490/1 | €1,550 | €1,550 | = | 0.0% |
| Total equity and liabilities | 10/49 | €552,155 | €553,464 | +€1,309 | +0.2% |
| Equity | 10/15 | €179,563 | €250,571 | +€71,008 | +39.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €174,563 | €245,571 | +€71,008 | +40.7% |
| Distributable reserves | 133 | €174,563 | €245,571 | +€71,008 | +40.7% |
| Amounts payable | 17/49 | €372,592 | €302,893 | -€69,699 | -18.7% |
| Amounts payable after more than one year | 17 | €245,601 | €190,528 | -€55,073 | -22.4% |
| Financial debts | 170/4 | €245,601 | €190,528 | -€55,073 | -22.4% |
| Amounts payable within one year | 42/48 | €122,354 | €108,895 | -€13,459 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €53,904 | €62,412 | +€8,508 | +15.8% |
| Trade debts | 44 | €61 | €61 | = | 0.0% |
| Suppliers | 440/4 | €61 | €61 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,875 | €8,630 | +€1,755 | +25.5% |
| Taxes | 450/3 | €6,875 | €5,980 | -€895 | -13.0% |
| Remuneration and social security | 454/9 | - | €2,650 | +€2,650 | |
| Other amounts payable | 47/48 | €61,514 | €37,793 | -€23,721 | -38.6% |
| Accrued charges and deferred income | 492/3 | €4,637 | €3,470 | -€1,167 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,976 | €14,037 | +€2,062 | +17.2% |
| Other operating charges | 640/8 | €2,386 | €2,358 | -€28 | -1.2% |
| Gross operating margin | 9900 | €80,893 | €85,092 | +€4,198 | +5.2% |
| Operating profit (loss) | 9901 | €66,532 | €68,697 | +€2,165 | +3.3% |
| Financial income | 75/76B | - | €25,000 | +€25,000 | |
| Recurring financial income | 75 | - | €25,000 | +€25,000 | |
| Financial charges | 65/66B | €12,482 | €11,187 | -€1,295 | -10.4% |
| Recurring financial charges | 65 | €12,482 | €11,187 | -€1,295 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €54,050 | €82,510 | +€28,460 | +52.7% |
| Income taxes | 67/77 | €12,305 | €11,502 | -€803 | -6.5% |
| Profit (loss) for the period | 9904 | €41,745 | €71,008 | +€29,263 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,745 | €71,008 | +€29,263 | +70.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.