MANALIKO: 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.
MANALIKO
Largest movements
- Cash -€31,469
down €31,469 (-79.2%), from €39,740 to €8,271
mainly Net result for the year (-€41,374) and Tax, wage and social debts (-€6,209)
- Tangible fixed assets -€7,559
down €7,559 (-22.3%), from €33,882 to €26,323
of which Other tangible fixed assets: -€7,407
- Stocks and contracts -€1,901
down €1,901 (-11.0%), from €17,267 to €15,367
- Intangible fixed assets +€1,867
up €1,867 (+240%), from €778 to €2,645
- Receivables within one year -€1,536
down €1,536 (-78.1%), from €1,968 to €431
of which Other amounts receivable: -€1,160
- Profit (loss) carried forward -€41,374
down €41,374 (-100%), from -€41,359 to -€82,734
- Other debts +€6,986
up €6,986 (+8.9%), from €78,529 to €85,515
- Tax, wage and social debts -€6,209
down €6,209 (-96.0%), from €6,465 to €256
of which Remuneration and social security: -€4,246
- Gross operating margin +€14,557
up €14,557 (+57.0%), from -€25,545 to -€10,988
- Staff costs +€10,159
up €10,159 (+101%), from €10,023 to €20,182
- Depreciation +€4,185
up €4,185 (+112%), from €3,730 to €7,915
- Financial charges +€337
up €337 (+31.6%), from €1,064 to €1,401
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 | €93,635 | €53,038 | -€40,598 | -43.4% |
| Fixed assets | 21/28 | €34,660 | €28,969 | -€5,692 | -16.4% |
| Intangible fixed assets | 21 | €778 | €2,645 | +€1,867 | +240% |
| Tangible fixed assets | 22/27 | €33,882 | €26,323 | -€7,559 | -22.3% |
| Plant, machinery and equipment | 23 | €367 | €215 | -€151 | -41.3% |
| Other tangible fixed assets | 26 | €33,515 | €26,108 | -€7,407 | -22.1% |
| Current assets | 29/58 | €58,975 | €24,069 | -€34,906 | -59.2% |
| Stocks and contracts in progress | 3 | €17,267 | €15,367 | -€1,901 | -11.0% |
| Stocks | 30/36 | €17,267 | €15,367 | -€1,901 | -11.0% |
| Amounts receivable within one year | 40/41 | €1,968 | €431 | -€1,536 | -78.1% |
| Trade receivables | 40 | €445 | €69 | -€376 | -84.4% |
| Other amounts receivable | 41 | €1,523 | €362 | -€1,160 | -76.2% |
| Cash at bank and in hand | 54/58 | €39,740 | €8,271 | -€31,469 | -79.2% |
| Total equity and liabilities | 10/49 | €93,635 | €53,038 | -€40,598 | -43.4% |
| Equity | 10/15 | €8,641 | -€32,734 | -€41,374 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,359 | -€82,734 | -€41,374 | -100% |
| Amounts payable | 17/49 | €84,995 | €85,771 | +€777 | +0.9% |
| Amounts payable within one year | 42/48 | €84,995 | €85,771 | +€777 | +0.9% |
| Taxes, remuneration and social security | 45 | €6,465 | €256 | -€6,209 | -96.0% |
| Taxes | 450/3 | €2,220 | €256 | -€1,964 | -88.5% |
| Remuneration and social security | 454/9 | €4,246 | - | -€4,246 | |
| Other amounts payable | 47/48 | €78,529 | €85,515 | +€6,986 | +8.9% |
| Remuneration, social security and pensions | 62 | €10,023 | €20,182 | +€10,159 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,730 | €7,915 | +€4,185 | +112% |
| Other operating charges | 640/8 | €997 | €938 | -€59 | -5.9% |
| Gross operating margin | 9900 | -€25,545 | -€10,988 | +€14,557 | +57.0% |
| Operating profit (loss) | 9901 | -€40,295 | -€40,024 | +€271 | +0.7% |
| Financial income | 75/76B | - | €51 | +€51 | |
| Recurring financial income | 75 | - | €51 | +€51 | |
| Financial charges | 65/66B | €1,064 | €1,401 | +€337 | +31.6% |
| Recurring financial charges | 65 | €1,064 | €1,401 | +€337 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | -€41,359 | -€41,374 | -€15 | 0.0% |
| Profit (loss) for the period | 9904 | -€41,359 | -€41,374 | -€15 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,359 | -€41,374 | -€15 | 0.0% |
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 27 October 2026 via checked.be.