MANALCOM: 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.
MANALCOM
Largest movements
- Stocks and contracts -€880
down €880 (-5.0%), from €17,631 to €16,751
- Cash -€381
down €381 (-16.8%), from €2,265 to €1,884
mainly Contributions, distributions and other (-€6,001) and Tax, wage and social debts (-€5,558)
- Other debts +€6,000
new in 2024: €6,000
- Tax, wage and social debts -€5,558
down €5,558 (-69.9%), from €7,954 to €2,396
of which Remuneration and social security: -€5,861
- Trade debts -€4,519
down €4,519 (-66.4%), from €6,807 to €2,288
- Profit (loss) carried forward +€2,637
up €2,637 (+200.7%), from €1,314 to €3,951
- Staff costs -€13,375
down €13,375 (-99.9%), from €13,395 to €20
- Gross operating margin -€7,516
down €7,516 (-44.8%), from €16,785 to €9,269
- Depreciation -€918
no longer reported in 2024 (was €918)
- Other operating charges -€817
down €817 (-70.6%), from €1,158 to €341
- Taxes +€263
new in 2024: €263
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,075 | €19,635 | -€1,440 | -6.8% |
| Fixed assets | 21/28 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €20,075 | €18,635 | -€1,440 | -7.2% |
| Stocks and contracts in progress | 3 | €17,631 | €16,751 | -€880 | -5.0% |
| Stocks | 30/36 | €17,631 | €16,751 | -€880 | -5.0% |
| Amounts receivable within one year | 40/41 | €179 | - | -€179 | |
| Other amounts receivable | 41 | €179 | - | -€179 | |
| Cash at bank and in hand | 54/58 | €2,265 | €1,884 | -€381 | -16.8% |
| Total equity and liabilities | 10/49 | €21,075 | €19,635 | -€1,440 | -6.8% |
| Equity | 10/15 | €6,314 | €8,951 | +€2,637 | +41.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,314 | €3,951 | +€2,637 | +200.7% |
| Amounts payable | 17/49 | €14,761 | €10,684 | -€4,077 | -27.6% |
| Amounts payable within one year | 42/48 | €14,761 | €10,684 | -€4,077 | -27.6% |
| Trade debts | 44 | €6,807 | €2,288 | -€4,519 | -66.4% |
| Suppliers | 440/4 | €6,807 | €2,288 | -€4,519 | -66.4% |
| Taxes, remuneration and social security | 45 | €7,954 | €2,396 | -€5,558 | -69.9% |
| Taxes | 450/3 | €93 | €396 | +€303 | +325.8% |
| Remuneration and social security | 454/9 | €7,861 | €2,000 | -€5,861 | -74.6% |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €13,395 | €20 | -€13,375 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €918 | - | -€918 | |
| Other operating charges | 640/8 | €1,158 | €341 | -€817 | -70.6% |
| Gross operating margin | 9900 | €16,785 | €9,269 | -€7,516 | -44.8% |
| Operating profit (loss) | 9901 | €1,314 | €8,908 | +€7,594 | +577.9% |
| Financial charges | 65/66B | - | €7 | +€7 | |
| Recurring financial charges | 65 | - | €7 | +€7 | |
| Profit (loss) for the period before taxes | 9903 | €1,314 | €8,901 | +€7,587 | +577.4% |
| Income taxes | 67/77 | - | €263 | +€263 | |
| Profit (loss) for the period | 9904 | €1,314 | €8,638 | +€7,324 | +557.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,314 | €8,638 | +€7,324 | +557.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.