MANACO: 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.
MANACO
Largest movements
- Cash +€1,278
up €1,278 (+266250.0%), from €0 to €1,278
mainly Net result for the year (+€21,482) and Investment in fixed assets (net) (+€282)
- Receivables within one year +€362
up €362 (+11.3%), from €3,195 to €3,557
- Tangible fixed assets -€197
no longer reported in 2025 (was €197)
- Financial fixed assets -€85
no longer reported in 2025 (was €85)
- Profit (loss) carried forward +€21,482
up €21,482 (+19.6%), from -€109,553 to -€88,071
- Short-term financial debts -€18,737
no longer reported in 2025 (was €18,737)
- Trade debts -€895
down €895 (-41.6%), from €2,152 to €1,257
- Tax, wage and social debts -€443
down €443 (-26.5%), from €1,670 to €1,227
- Debts after one year -€71
down €71 (-0.1%), from €81,320 to €81,249
- Gross operating margin -€15,163
down €15,163 (-37.6%), from €40,344 to €25,180
- Depreciation -€7,796
no longer reported in 2025 (was €7,796)
- Financial charges -€1,064
down €1,064 (-34.6%), from €3,079 to €2,015
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 | €3,569 | €4,905 | +€1,336 | +37.4% |
| Fixed assets | 21/28 | €282 | - | -€282 | |
| Tangible fixed assets | 22/27 | €197 | - | -€197 | |
| Land and buildings | 22 | €197 | - | -€197 | |
| Financial fixed assets | 28 | €85 | - | -€85 | |
| Current assets | 29/58 | €3,287 | €4,905 | +€1,618 | +49.2% |
| Amounts receivable within one year | 40/41 | €3,195 | €3,557 | +€362 | +11.3% |
| Trade receivables | 40 | €3,195 | €3,557 | +€362 | +11.3% |
| Cash at bank and in hand | 54/58 | €0 | €1,278 | +€1,278 | +266250.0% |
| Deferred charges and accrued income | 490/1 | €91 | €69 | -€22 | -24.6% |
| Total equity and liabilities | 10/49 | €3,569 | €4,905 | +€1,336 | +37.4% |
| Equity | 10/15 | -€100,310 | -€78,829 | +€21,482 | +21.4% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €642 | €642 | = | 0.0% |
| Non-distributable reserves | 130/1 | €642 | €642 | = | 0.0% |
| Reserves not available under the articles | 1311 | €642 | €642 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,553 | -€88,071 | +€21,482 | +19.6% |
| Amounts payable | 17/49 | €103,879 | €83,733 | -€20,146 | -19.4% |
| Amounts payable after more than one year | 17 | €81,320 | €81,249 | -€71 | -0.1% |
| Other amounts payable | 178/9 | €81,320 | €81,249 | -€71 | -0.1% |
| Amounts payable within one year | 42/48 | €22,559 | €2,484 | -€20,075 | -89.0% |
| Financial debts | 43 | €18,737 | - | -€18,737 | |
| Credit institutions | 430/8 | €18,737 | - | -€18,737 | |
| Trade debts | 44 | €2,152 | €1,257 | -€895 | -41.6% |
| Suppliers | 440/4 | €2,152 | €1,257 | -€895 | -41.6% |
| Taxes, remuneration and social security | 45 | €1,670 | €1,227 | -€443 | -26.5% |
| Taxes | 450/3 | €1,670 | €1,227 | -€443 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,796 | - | -€7,796 | |
| Other operating charges | 640/8 | €1,629 | €1,683 | +€55 | +3.4% |
| Gross operating margin | 9900 | €40,344 | €25,180 | -€15,163 | -37.6% |
| Operating profit (loss) | 9901 | €30,919 | €23,497 | -€7,422 | -24.0% |
| Financial charges | 65/66B | €3,079 | €2,015 | -€1,064 | -34.6% |
| Recurring financial charges | 65 | €3,079 | €2,015 | -€1,064 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €27,840 | €21,482 | -€6,358 | -22.8% |
| Profit (loss) for the period | 9904 | €27,840 | €21,482 | -€6,358 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,840 | €21,482 | -€6,358 | -22.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.