MAANA: 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.
MAANA
Largest movements
- Cash -€23,212
down €23,212 (-42.1%), from €55,181 to €31,969
mainly Contributions, distributions and other (-€58,422) and Investment in fixed assets (net) (-€14,776)
- Receivables within one year +€10,830
up €10,830 (+68.2%), from €15,889 to €26,719
- Deferred charges and accrued income -€3,150
down €3,150 (-91.9%), from €3,428 to €278
- Tangible fixed assets -€1,510
down €1,510 (-3.2%), from €46,663 to €45,153
of which Furniture and vehicles: -€1,228
- Profit (loss) carried forward -€24,153
no longer reported in 2025 (was €24,153)
- Tax, wage and social debts +€6,655
up €6,655 (+70.1%), from €9,493 to €16,148
- Other debts +€1,918
up €1,918 (+2.9%), from €66,164 to €68,082
- Gross operating margin -€8,959
down €8,959 (-12.5%), from €71,496 to €62,536
- Depreciation +€2,382
up €2,382 (+17.1%), from €13,903 to €16,285
- Taxes -€1,918
down €1,918 (-15.6%), from €12,282 to €10,364
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 | €123,661 | €106,620 | -€17,042 | -13.8% |
| Fixed assets | 21/28 | €49,163 | €47,653 | -€1,510 | -3.1% |
| Tangible fixed assets | 22/27 | €46,663 | €45,153 | -€1,510 | -3.2% |
| Plant, machinery and equipment | 23 | €298 | €190 | -€109 | -36.4% |
| Furniture and vehicles | 24 | €45,123 | €43,895 | -€1,228 | -2.7% |
| Other tangible fixed assets | 26 | €1,242 | €1,068 | -€173 | -14.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €74,498 | €58,966 | -€15,532 | -20.8% |
| Amounts receivable within one year | 40/41 | €15,889 | €26,719 | +€10,830 | +68.2% |
| Trade receivables | 40 | €15,889 | €26,719 | +€10,830 | +68.2% |
| Cash at bank and in hand | 54/58 | €55,181 | €31,969 | -€23,212 | -42.1% |
| Deferred charges and accrued income | 490/1 | €3,428 | €278 | -€3,150 | -91.9% |
| Total equity and liabilities | 10/49 | €123,661 | €106,620 | -€17,042 | -13.8% |
| Equity | 10/15 | €44,613 | €20,460 | -€24,153 | -54.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,153 | - | -€24,153 | |
| Amounts payable | 17/49 | €79,048 | €86,160 | +€7,111 | +9.0% |
| Amounts payable within one year | 42/48 | €79,048 | €86,160 | +€7,111 | +9.0% |
| Financial debts | 43 | €513 | €226 | -€286 | -55.8% |
| Credit institutions | 430/8 | €513 | €226 | -€286 | -55.8% |
| Trade debts | 44 | €2,878 | €1,703 | -€1,175 | -40.8% |
| Suppliers | 440/4 | €2,878 | €1,703 | -€1,175 | -40.8% |
| Taxes, remuneration and social security | 45 | €9,493 | €16,148 | +€6,655 | +70.1% |
| Taxes | 450/3 | €9,493 | €16,148 | +€6,655 | +70.1% |
| Other amounts payable | 47/48 | €66,164 | €68,082 | +€1,918 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,903 | €16,285 | +€2,382 | +17.1% |
| Other operating charges | 640/8 | €1,003 | €1,471 | +€468 | +46.6% |
| Gross operating margin | 9900 | €71,496 | €62,536 | -€8,959 | -12.5% |
| Operating profit (loss) | 9901 | €56,589 | €44,780 | -€11,809 | -20.9% |
| Financial charges | 65/66B | €150 | €146 | -€4 | -2.5% |
| Recurring financial charges | 65 | €150 | €146 | -€4 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €56,439 | €44,634 | -€11,805 | -20.9% |
| Income taxes | 67/77 | €12,282 | €10,364 | -€1,918 | -15.6% |
| Profit (loss) for the period | 9904 | €44,157 | €34,270 | -€9,888 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,157 | €34,270 | -€9,888 | -22.4% |
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 14 October 2026 via checked.be.