Manabel: 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.
Manabel
Largest movements
- Cash +€271,868
up €271,868 (+191%), from €142,121 to €413,989
mainly Net result for the year (+€286,623) and Provisions (+€43,258)
- Profit (loss) carried forward +€286,623
up €286,623 (+250%), from €114,578 to €401,202
- Tax, wage and social debts -€58,897
down €58,897 (-85.3%), from €69,029 to €10,132
- Provisions +€43,258
new in 2025: €43,258
- Gross operating margin +€288,027
up €288,027 (+197%), from €146,448 to €434,475
- Taxes +€72,680
up €72,680 (+228%), from €31,869 to €104,550
- Provisions +€43,258
new in 2025: €43,258
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 | €186,569 | €457,531 | +€270,962 | +145% |
| Current assets | 29/58 | €186,569 | €457,531 | +€270,962 | +145% |
| Amounts receivable within one year | 40/41 | €43,295 | €39,795 | -€3,500 | -8.1% |
| Trade receivables | 40 | €42,350 | €39,345 | -€3,005 | -7.1% |
| Other amounts receivable | 41 | €945 | €450 | -€495 | -52.4% |
| Cash at bank and in hand | 54/58 | €142,121 | €413,989 | +€271,868 | +191% |
| Deferred charges and accrued income | 490/1 | €1,153 | €3,747 | +€2,595 | +225% |
| Total equity and liabilities | 10/49 | €186,569 | €457,531 | +€270,962 | +145% |
| Equity | 10/15 | €117,078 | €403,702 | +€286,623 | +245% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,578 | €401,202 | +€286,623 | +250% |
| Provisions and deferred taxes | 16 | - | €43,258 | +€43,258 | |
| Provisions for liabilities and charges | 160/5 | - | €43,258 | +€43,258 | |
| Other liabilities and charges | 164/5 | - | €43,258 | +€43,258 | |
| Amounts payable | 17/49 | €69,491 | €10,572 | -€58,919 | -84.8% |
| Amounts payable within one year | 42/48 | €69,467 | €10,572 | -€58,895 | -84.8% |
| Trade debts | 44 | €438 | €439 | +€2 | +0.3% |
| Suppliers | 440/4 | €438 | €439 | +€2 | +0.3% |
| Taxes, remuneration and social security | 45 | €69,029 | €10,132 | -€58,897 | -85.3% |
| Taxes | 450/3 | €69,029 | €10,132 | -€58,897 | -85.3% |
| Accrued charges and deferred income | 492/3 | €24 | €0 | -€24 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €43,258 | +€43,258 | |
| Gross operating margin | 9900 | €146,448 | €434,475 | +€288,027 | +197% |
| Operating profit (loss) | 9901 | €146,448 | €391,217 | +€244,769 | +167% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €44 | +€44 | |
| Recurring financial charges | 65 | - | €44 | +€44 | |
| Profit (loss) for the period before taxes | 9903 | €146,448 | €391,173 | +€244,725 | +167% |
| Income taxes | 67/77 | €31,869 | €104,550 | +€72,680 | +228% |
| Profit (loss) for the period | 9904 | €114,578 | €286,623 | +€172,045 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €114,578 | €286,623 | +€172,045 | +150% |
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 17 October 2026 via checked.be.