ManaHold: what changed
Two fiscal 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.
ManaHold
Largest movements
- Financial fixed assets +€409,725
new in 2025: €409,725
- Receivables within one year -€17,138
down €17,138 (-100.0%), from €17,138 to €0
- Cash +€16,022
up €16,022 (+24.7%), from €64,913 to €80,935
mainly Debts after one year (+€324,037) and Net result for the year (+€44,321)
- Tangible fixed assets +€5,287
new in 2025: €5,287
- Debts after one year +€324,037
new in 2025: €324,037
- Reserves +€44,321
up €44,321 (+91.4%), from €48,508 to €92,829
- Current portion of long-term debt +€28,094
new in 2025: €28,094
- Tax, wage and social debts +€16,246
up €16,246 (+77.2%), from €21,043 to €37,290
of which Taxes: +€18,735
- Gross operating margin -€6,452
down €6,452 (-9.5%), from €67,758 to €61,306
- Taxes -€1,503
down €1,503 (-10.6%), from €14,184 to €12,681
- Other operating charges -€688
down €688 (-63.2%), from €1,087 to €400
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 | €82,051 | €496,033 | +€413,982 | +504.5% |
| Fixed assets | 21/28 | - | €415,012 | +€415,012 | |
| Tangible fixed assets | 22/27 | - | €5,287 | +€5,287 | |
| Other tangible fixed assets | 26 | - | €5,287 | +€5,287 | |
| Financial fixed assets | 28 | - | €409,725 | +€409,725 | |
| Current assets | 29/58 | €82,051 | €81,021 | -€1,030 | -1.3% |
| Amounts receivable within one year | 40/41 | €17,138 | €0 | -€17,138 | -100.0% |
| Trade receivables | 40 | €17,138 | €0 | -€17,138 | -100.0% |
| Cash at bank and in hand | 54/58 | €64,913 | €80,935 | +€16,022 | +24.7% |
| Deferred charges and accrued income | 490/1 | - | €86 | +€86 | |
| Total equity and liabilities | 10/49 | €82,051 | €496,033 | +€413,982 | +504.5% |
| Equity | 10/15 | €53,508 | €97,829 | +€44,321 | +82.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €48,508 | €92,829 | +€44,321 | +91.4% |
| Distributable reserves | 133 | €48,508 | €92,829 | +€44,321 | +91.4% |
| Amounts payable | 17/49 | €28,543 | €398,204 | +€369,661 | +1295.1% |
| Amounts payable after more than one year | 17 | - | €324,037 | +€324,037 | |
| Financial debts | 170/4 | - | €324,037 | +€324,037 | |
| Amounts payable within one year | 42/48 | €28,543 | €74,122 | +€45,579 | +159.7% |
| Current portion of amounts payable after more than one year | 42 | - | €28,094 | +€28,094 | |
| Trade debts | 44 | - | €1,240 | +€1,240 | |
| Suppliers | 440/4 | - | €1,240 | +€1,240 | |
| Taxes, remuneration and social security | 45 | €21,043 | €37,290 | +€16,246 | +77.2% |
| Taxes | 450/3 | €18,554 | €37,290 | +€18,735 | +101.0% |
| Remuneration and social security | 454/9 | €2,489 | €0 | -€2,489 | -100.0% |
| Other amounts payable | 47/48 | €7,500 | €7,499 | -€1 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €45 | +€45 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €213 | +€213 | |
| Other operating charges | 640/8 | €1,087 | €400 | -€688 | -63.2% |
| Gross operating margin | 9900 | €67,758 | €61,306 | -€6,452 | -9.5% |
| Operating profit (loss) | 9901 | €66,671 | €60,694 | -€5,978 | -9.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,979 | €3,691 | -€288 | -7.2% |
| Recurring financial charges | 65 | €3,979 | €3,691 | -€288 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €62,692 | €57,002 | -€5,690 | -9.1% |
| Income taxes | 67/77 | €14,184 | €12,681 | -€1,503 | -10.6% |
| Profit (loss) for the period | 9904 | €48,508 | €44,321 | -€4,187 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,508 | €44,321 | -€4,187 | -8.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.