MANA: 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.
MANA
Largest movements
- Tangible fixed assets -€9,091
down €9,091 (-2.8%), from €322,154 to €313,064
- Receivables within one year +€8,701
up €8,701 (+6.9%), from €125,213 to €133,914
No liability line moved by more than 1% of the balance sheet total.
- Taxes +€329
up €329 (+27.8%), from €1,183 to €1,512
- Financial income +€270
up €270 (+7.4%), from €3,624 to €3,893
- Other operating charges +€267
up €267 (+3.1%), from €8,588 to €8,854
- Gross operating margin +€189
up €189 (+1.0%), from €18,550 to €18,739
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 | €467,352 | €470,702 | +€3,350 | +0.7% |
| Fixed assets | 21/28 | €322,154 | €313,064 | -€9,091 | -2.8% |
| Tangible fixed assets | 22/27 | €322,154 | €313,064 | -€9,091 | -2.8% |
| Land and buildings | 22 | €322,154 | €313,064 | -€9,091 | -2.8% |
| Current assets | 29/58 | €145,197 | €157,638 | +€12,441 | +8.6% |
| Amounts receivable within one year | 40/41 | €125,213 | €133,914 | +€8,701 | +6.9% |
| Other amounts receivable | 41 | €125,213 | €133,914 | +€8,701 | +6.9% |
| Cash at bank and in hand | 54/58 | €6,215 | €6,062 | -€153 | -2.5% |
| Deferred charges and accrued income | 490/1 | €13,769 | €17,663 | +€3,893 | +28.3% |
| Total equity and liabilities | 10/49 | €467,352 | €470,702 | +€3,350 | +0.7% |
| Equity | 10/15 | €463,359 | €466,380 | +€3,021 | +0.7% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €13,359 | €16,380 | +€3,021 | +22.6% |
| Distributable reserves | 133 | €13,359 | €16,380 | +€3,021 | +22.6% |
| Amounts payable | 17/49 | €3,993 | €4,322 | +€329 | +8.2% |
| Amounts payable within one year | 42/48 | €3,993 | €4,322 | +€329 | +8.2% |
| Taxes, remuneration and social security | 45 | €1,183 | €1,512 | +€329 | +27.8% |
| Taxes | 450/3 | €1,183 | €1,512 | +€329 | +27.8% |
| Other amounts payable | 47/48 | €2,810 | €2,810 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,091 | €9,091 | = | 0.0% |
| Other operating charges | 640/8 | €8,588 | €8,854 | +€267 | +3.1% |
| Gross operating margin | 9900 | €18,550 | €18,739 | +€189 | +1.0% |
| Operating profit (loss) | 9901 | €871 | €793 | -€78 | -9.0% |
| Financial income | 75/76B | €3,624 | €3,893 | +€270 | +7.4% |
| Recurring financial income | 75 | €3,624 | €3,893 | +€270 | +7.4% |
| Financial charges | 65/66B | €153 | €153 | = | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €4,342 | €4,533 | +€192 | +4.4% |
| Income taxes | 67/77 | €1,183 | €1,512 | +€329 | +27.8% |
| Profit (loss) for the period | 9904 | €3,158 | €3,021 | -€137 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,158 | €3,021 | -€137 | -4.3% |
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 9 October 2026 via checked.be.