MANACOP: 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.
MANACOP
Largest movements
- Cash +€47,465
up €47,465 (+379.3%), from €12,515 to €59,980
mainly Net result for the year (+€36,855) and Tax, wage and social debts (+€10,000)
- Receivables within one year +€1,210
up €1,210 (+11.1%), from €10,890 to €12,100
- Profit (loss) carried forward +€36,855
up €36,855 (+564.4%), from €6,530 to €43,385
- Tax, wage and social debts +€10,000
up €10,000 (+88.4%), from €11,307 to €21,308
- Trade debts +€1,820
up €1,820 (+320.8%), from €567 to €2,387
- Gross operating margin +€38,507
up €38,507 (+445.2%), from €8,650 to €47,157
- Taxes +€8,140
up €8,140 (+470.9%), from €1,729 to €9,869
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 | €23,405 | €72,080 | +€48,675 | +208.0% |
| Current assets | 29/58 | €23,405 | €72,080 | +€48,675 | +208.0% |
| Amounts receivable within one year | 40/41 | €10,890 | €12,100 | +€1,210 | +11.1% |
| Trade receivables | 40 | €10,890 | €12,100 | +€1,210 | +11.1% |
| Cash at bank and in hand | 54/58 | €12,515 | €59,980 | +€47,465 | +379.3% |
| Total equity and liabilities | 10/49 | €23,405 | €72,080 | +€48,675 | +208.0% |
| Equity | 10/15 | €11,530 | €48,385 | +€36,855 | +319.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,530 | €43,385 | +€36,855 | +564.4% |
| Amounts payable | 17/49 | €11,875 | €23,695 | +€11,820 | +99.5% |
| Amounts payable within one year | 42/48 | €11,875 | €23,695 | +€11,820 | +99.5% |
| Trade debts | 44 | €567 | €2,387 | +€1,820 | +320.8% |
| Suppliers | 440/4 | €567 | €2,387 | +€1,820 | +320.8% |
| Taxes, remuneration and social security | 45 | €11,307 | €21,308 | +€10,000 | +88.4% |
| Taxes | 450/3 | €11,307 | €21,308 | +€10,000 | +88.4% |
| Other operating charges | 640/8 | €391 | €400 | +€9 | +2.2% |
| Gross operating margin | 9900 | €8,650 | €47,157 | +€38,507 | +445.2% |
| Operating profit (loss) | 9901 | €8,259 | €46,758 | +€38,499 | +466.1% |
| Financial charges | 65/66B | - | €34 | +€34 | |
| Recurring financial charges | 65 | - | €34 | +€34 | |
| Profit (loss) for the period before taxes | 9903 | €8,259 | €46,724 | +€38,465 | +465.7% |
| Income taxes | 67/77 | €1,729 | €9,869 | +€8,140 | +470.9% |
| Profit (loss) for the period | 9904 | €6,530 | €36,855 | +€30,324 | +464.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,530 | €36,855 | +€30,324 | +464.4% |
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 10 October 2026 via checked.be.