MANACONSU: 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.
MANACONSU
Largest movements
- Cash +€92,029
up €92,029 (+153%), from €60,284 to €152,313
mainly Net result for the year (+€107,090) and Depreciation (+€18,712)
- Tangible fixed assets -€12,346
down €12,346 (-26.7%), from €46,283 to €33,937
of which Plant, machinery and equipment: -€7,140
- Receivables within one year -€5,865
down €5,865 (-11.6%), from €50,402 to €44,536
of which Other amounts receivable: -€10,090
- Current investments +€5,408
up €5,408 (+6.2%), from €87,471 to €92,880
- Reserves +€92,139
up €92,139 (+50.9%), from €181,140 to €273,278
- Other debts -€11,106
down €11,106 (-36.6%), from €30,380 to €19,274
- Tax, wage and social debts -€4,056
down €4,056 (-19.6%), from €20,710 to €16,654
- Gross operating margin +€45,734
up €45,734 (+35.1%), from €130,354 to €176,088
- Taxes +€13,859
up €13,859 (+41.1%), from €33,750 to €47,609
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 | €252,147 | €330,170 | +€78,022 | +30.9% |
| Fixed assets | 21/28 | €49,276 | €34,954 | -€14,321 | -29.1% |
| Intangible fixed assets | 21 | €2,992 | €1,018 | -€1,975 | -66.0% |
| Tangible fixed assets | 22/27 | €46,283 | €33,937 | -€12,346 | -26.7% |
| Plant, machinery and equipment | 23 | €32,375 | €25,235 | -€7,140 | -22.1% |
| Furniture and vehicles | 24 | €4,829 | €1,981 | -€2,848 | -59.0% |
| Other tangible fixed assets | 26 | €9,080 | €6,721 | -€2,359 | -26.0% |
| Current assets | 29/58 | €202,872 | €295,215 | +€92,343 | +45.5% |
| Amounts receivable within one year | 40/41 | €50,402 | €44,536 | -€5,865 | -11.6% |
| Trade receivables | 40 | €31,020 | €35,245 | +€4,225 | +13.6% |
| Other amounts receivable | 41 | €19,382 | €9,292 | -€10,090 | -52.1% |
| Current investments | 50/53 | €87,471 | €92,880 | +€5,408 | +6.2% |
| Cash at bank and in hand | 54/58 | €60,284 | €152,313 | +€92,029 | +153% |
| Deferred charges and accrued income | 490/1 | €4,714 | €5,486 | +€772 | +16.4% |
| Total equity and liabilities | 10/49 | €252,147 | €330,170 | +€78,022 | +30.9% |
| Equity | 10/15 | €199,740 | €291,887 | +€92,148 | +46.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,140 | €273,278 | +€92,139 | +50.9% |
| Distributable reserves | 133 | €181,140 | €273,278 | +€92,139 | +50.9% |
| Profit (loss) carried forward | 14 | - | €9 | +€9 | |
| Amounts payable | 17/49 | €52,408 | €38,282 | -€14,126 | -27.0% |
| Amounts payable within one year | 42/48 | €52,408 | €38,282 | -€14,126 | -27.0% |
| Trade debts | 44 | €1,318 | €2,354 | +€1,036 | +78.6% |
| Suppliers | 440/4 | €1,318 | €2,354 | +€1,036 | +78.6% |
| Taxes, remuneration and social security | 45 | €20,710 | €16,654 | -€4,056 | -19.6% |
| Taxes | 450/3 | €20,710 | €16,654 | -€4,056 | -19.6% |
| Other amounts payable | 47/48 | €30,380 | €19,274 | -€11,106 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,996 | €18,712 | -€284 | -1.5% |
| Other operating charges | 640/8 | €779 | €1,657 | +€878 | +113% |
| Non-recurring operating charges | 66A | €116 | - | -€116 | |
| Gross operating margin | 9900 | €130,354 | €176,088 | +€45,734 | +35.1% |
| Operating profit (loss) | 9901 | €110,462 | €155,719 | +€45,257 | +41.0% |
| Financial income | 75/76B | €159 | €1,351 | +€1,192 | +748% |
| Recurring financial income | 75 | €159 | €1,351 | +€1,192 | +748% |
| Financial charges | 65/66B | €2,151 | €2,371 | +€220 | +10.2% |
| Recurring financial charges | 65 | €2,151 | €2,371 | +€220 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €108,471 | €154,699 | +€46,228 | +42.6% |
| Income taxes | 67/77 | €33,750 | €47,609 | +€13,859 | +41.1% |
| Profit (loss) for the period | 9904 | €74,721 | €107,090 | +€32,370 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,721 | €107,090 | +€32,370 | +43.3% |
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 18 October 2026 via checked.be.