M.A.N.N.: 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.
M.A.N.N.
Largest movements
- Receivables after one year +€60,000
up €60,000 (+27.3%), from €220,000 to €280,000
- Receivables within one year +€18,094
up €18,094 (+281%), from €6,437 to €24,531
of which Trade receivables: +€18,118
- Cash -€8,491
down €8,491 (-4.6%), from €185,794 to €177,303
mainly Receivables after one year (-€60,000) and Receivables within one year (-€18,094)
- Profit (loss) carried forward +€51,786
up €51,786 (+96.7%), from -€53,538 to -€1,752
- Tax, wage and social debts +€9,480
up €9,480 (+235%), from €4,027 to €13,507
- Other debts +€8,082
up €8,082 (+5.3%), from €153,242 to €161,324
- Gross operating margin +€53,487
up €53,487, from -€168 to €53,319
- Financial income -€28,881
down €28,881 (-59.3%), from €48,690 to €19,809
- Taxes +€7,958
up €7,958 (+4,667%), from €171 to €8,129
- Financial charges +€1,431
up €1,431 (+14.1%), from €10,172 to €11,603
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 | €419,404 | €487,296 | +€67,892 | +16.2% |
| Fixed assets | 21/28 | €1,081 | €578 | -€503 | -46.5% |
| Intangible fixed assets | 21 | €1,081 | €578 | -€503 | -46.5% |
| Current assets | 29/58 | €418,323 | €486,718 | +€68,395 | +16.3% |
| Amounts receivable after more than one year | 29 | €220,000 | €280,000 | +€60,000 | +27.3% |
| Other amounts receivable | 291 | €220,000 | €280,000 | +€60,000 | +27.3% |
| Amounts receivable within one year | 40/41 | €6,437 | €24,531 | +€18,094 | +281% |
| Trade receivables | 40 | €6,413 | €24,531 | +€18,118 | +283% |
| Other amounts receivable | 41 | €24 | €0 | -€24 | -100% |
| Cash at bank and in hand | 54/58 | €185,794 | €177,303 | -€8,491 | -4.6% |
| Deferred charges and accrued income | 490/1 | €6,092 | €4,884 | -€1,208 | -19.8% |
| Total equity and liabilities | 10/49 | €419,404 | €487,296 | +€67,892 | +16.2% |
| Equity | 10/15 | €257,737 | €309,523 | +€51,786 | +20.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €305,075 | €305,075 | = | 0.0% |
| Distributable reserves | 133 | €305,075 | €305,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,538 | -€1,752 | +€51,786 | +96.7% |
| Amounts payable | 17/49 | €161,667 | €177,773 | +€16,105 | +10.0% |
| Amounts payable within one year | 42/48 | €161,667 | €177,773 | +€16,105 | +10.0% |
| Trade debts | 44 | €4,398 | €2,942 | -€1,457 | -33.1% |
| Suppliers | 440/4 | €4,398 | €2,942 | -€1,457 | -33.1% |
| Taxes, remuneration and social security | 45 | €4,027 | €13,507 | +€9,480 | +235% |
| Taxes | 450/3 | €4,027 | €13,507 | +€9,480 | +235% |
| Other amounts payable | 47/48 | €153,242 | €161,324 | +€8,082 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €503 | €503 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,072 | €1,107 | +€35 | +3.3% |
| Gross operating margin | 9900 | -€168 | €53,319 | +€53,487 | |
| Operating profit (loss) | 9901 | -€1,743 | €51,709 | +€53,452 | |
| Financial income | 75/76B | €48,690 | €19,809 | -€28,881 | -59.3% |
| Recurring financial income | 75 | €48,690 | €19,809 | -€28,881 | -59.3% |
| Financial charges | 65/66B | €10,172 | €11,603 | +€1,431 | +14.1% |
| Recurring financial charges | 65 | €10,172 | €11,603 | +€1,431 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €36,776 | €59,915 | +€23,139 | +62.9% |
| Income taxes | 67/77 | €171 | €8,129 | +€7,958 | +4,667% |
| Profit (loss) for the period | 9904 | €36,605 | €51,786 | +€15,181 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,605 | €51,786 | +€15,181 | +41.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.