MANA ASI: 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 ASI
Largest movements
- Tangible fixed assets +€48,900
up €48,900 (+267%), from €18,298 to €67,198
of which Furniture and vehicles: +€50,873
- Cash +€36,813
up €36,813 (+142%), from €25,938 to €62,751
mainly Debts after one year (+€62,566) and Net result for the year (+€48,309)
- Receivables within one year +€15,791
up €15,791 (+71.8%), from €21,992 to €37,783
of which Trade receivables: +€15,723
- Debts after one year +€62,566
up €62,566 (+453%), from €13,810 to €76,376
- Tax, wage and social debts +€41,127
up €41,127 (+192%), from €21,383 to €62,510
of which Remuneration and social security: +€29,980
- Reserves -€28,582
no longer reported in 2025 (was €28,582)
- Current portion of long-term debt +€19,724
up €19,724 (+440%), from €4,483 to €24,207
- Trade debts +€6,923
new in 2025: €6,923
- Gross operating margin +€172,016
up €172,016 (+609%), from €28,244 to €200,260
- Staff costs +€125,964
new in 2025: €125,964
- Taxes +€8,699
up €8,699 (+118%), from €7,403 to €16,102
- Depreciation -€2,763
down €2,763 (-31.0%), from €8,922 to €6,159
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 | €68,427 | €170,117 | +€101,689 | +149% |
| Fixed assets | 21/28 | €19,064 | €67,964 | +€48,900 | +256% |
| Intangible fixed assets | 21 | €767 | €767 | = | 0.0% |
| Tangible fixed assets | 22/27 | €18,298 | €67,198 | +€48,900 | +267% |
| Plant, machinery and equipment | 23 | €14,570 | €12,598 | -€1,973 | -13.5% |
| Furniture and vehicles | 24 | €3,727 | €54,600 | +€50,873 | +1,365% |
| Current assets | 29/58 | €49,363 | €102,152 | +€52,789 | +107% |
| Amounts receivable within one year | 40/41 | €21,992 | €37,783 | +€15,791 | +71.8% |
| Trade receivables | 40 | €21,992 | €37,715 | +€15,723 | +71.5% |
| Other amounts receivable | 41 | - | €68 | +€68 | |
| Cash at bank and in hand | 54/58 | €25,938 | €62,751 | +€36,813 | +142% |
| Deferred charges and accrued income | 490/1 | €1,433 | €1,619 | +€185 | +12.9% |
| Total equity and liabilities | 10/49 | €68,427 | €170,117 | +€101,689 | +149% |
| Equity | 10/15 | €28,682 | €100 | -€28,582 | -99.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €28,582 | - | -€28,582 | |
| Distributable reserves | 133 | €28,582 | - | -€28,582 | |
| Amounts payable | 17/49 | €39,746 | €170,017 | +€130,271 | +328% |
| Amounts payable after more than one year | 17 | €13,810 | €76,376 | +€62,566 | +453% |
| Financial debts | 170/4 | €13,810 | €76,376 | +€62,566 | +453% |
| Amounts payable within one year | 42/48 | €25,935 | €93,641 | +€67,706 | +261% |
| Current portion of amounts payable after more than one year | 42 | €4,483 | €24,207 | +€19,724 | +440% |
| Trade debts | 44 | - | €6,923 | +€6,923 | |
| Suppliers | 440/4 | - | €6,923 | +€6,923 | |
| Taxes, remuneration and social security | 45 | €21,383 | €62,510 | +€41,127 | +192% |
| Taxes | 450/3 | €21,383 | €32,530 | +€11,147 | +52.1% |
| Remuneration and social security | 454/9 | - | €29,980 | +€29,980 | |
| Other amounts payable | 47/48 | €68 | - | -€68 | |
| Remuneration, social security and pensions | 62 | - | €125,964 | +€125,964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,922 | €6,159 | -€2,763 | -31.0% |
| Other operating charges | 640/8 | €564 | €582 | +€18 | +3.3% |
| Gross operating margin | 9900 | €28,244 | €200,260 | +€172,016 | +609% |
| Operating profit (loss) | 9901 | €18,758 | €67,554 | +€48,796 | +260% |
| Financial charges | 65/66B | €2,503 | €3,144 | +€641 | +25.6% |
| Recurring financial charges | 65 | €2,503 | €3,144 | +€641 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €16,256 | €64,411 | +€48,155 | +296% |
| Income taxes | 67/77 | €7,403 | €16,102 | +€8,699 | +118% |
| Profit (loss) for the period | 9904 | €8,853 | €48,309 | +€39,457 | +446% |
| Profit (loss) for the period to be appropriated | 9905 | €8,853 | €48,309 | +€39,457 | +446% |
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 29 October 2026 via checked.be.