Manaliz: 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.
Manaliz
Largest movements
- Receivables within one year +€19,373
up €19,373 (+68.0%), from €28,492 to €47,865
of which Trade receivables: +€22,864
- Cash +€17,683
up €17,683 (+55.1%), from €32,074 to €49,757
mainly Other debts (+€56,019) and Net result for the year (+€55,604)
- Other debts +€56,019
up €56,019 (+5,687%), from €985 to €57,004
- Debts after one year -€21,900
down €21,900 (-13.9%), from €157,816 to €135,916
- Tax, wage and social debts +€11,444
up €11,444 (+340%), from €3,362 to €14,806
of which Taxes: +€10,244
- Profit (loss) carried forward -€9,396
down €9,396 (-8.6%), from €109,427 to €100,031
- Financial income -€19,000
down €19,000 (-65.5%), from €29,000 to €10,000
- Gross operating margin +€17,309
up €17,309 (+32.5%), from €53,299 to €70,608
- Taxes +€3,714
up €3,714 (+39.1%), from €9,509 to €13,223
- Financial charges -€2,551
down €2,551 (-22.6%), from €11,266 to €8,715
- Other operating charges +€1,318
up €1,318 (+192%), from €688 to €2,006
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 | €324,363 | €360,361 | +€35,998 | +11.1% |
| Fixed assets | 21/28 | €263,430 | €262,370 | -€1,060 | -0.4% |
| Tangible fixed assets | 22/27 | €3,370 | €2,310 | -€1,060 | -31.5% |
| Plant, machinery and equipment | 23 | €493 | €393 | -€100 | -20.3% |
| Furniture and vehicles | 24 | €1,456 | €659 | -€797 | -54.7% |
| Other tangible fixed assets | 26 | €1,421 | €1,258 | -€163 | -11.5% |
| Financial fixed assets | 28 | €260,060 | €260,060 | = | 0.0% |
| Current assets | 29/58 | €60,933 | €97,991 | +€37,058 | +60.8% |
| Amounts receivable within one year | 40/41 | €28,492 | €47,865 | +€19,373 | +68.0% |
| Trade receivables | 40 | €25,001 | €47,865 | +€22,864 | +91.5% |
| Other amounts receivable | 41 | €3,491 | - | -€3,491 | |
| Cash at bank and in hand | 54/58 | €32,074 | €49,757 | +€17,683 | +55.1% |
| Deferred charges and accrued income | 490/1 | €367 | €369 | +€2 | +0.5% |
| Total equity and liabilities | 10/49 | €324,363 | €360,361 | +€35,998 | +11.1% |
| Equity | 10/15 | €139,427 | €130,031 | -€9,396 | -6.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,427 | €100,031 | -€9,396 | -8.6% |
| Amounts payable | 17/49 | €184,936 | €230,330 | +€45,394 | +24.5% |
| Amounts payable after more than one year | 17 | €157,816 | €135,916 | -€21,900 | -13.9% |
| Financial debts | 170/4 | €157,816 | €135,916 | -€21,900 | -13.9% |
| Amounts payable within one year | 42/48 | €27,120 | €94,094 | +€66,974 | +247% |
| Current portion of amounts payable after more than one year | 42 | €21,900 | €21,900 | = | 0.0% |
| Trade debts | 44 | €873 | €384 | -€489 | -56.0% |
| Suppliers | 440/4 | €873 | €384 | -€489 | -56.0% |
| Taxes, remuneration and social security | 45 | €3,362 | €14,806 | +€11,444 | +340% |
| Taxes | 450/3 | €3,362 | €13,606 | +€10,244 | +305% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €985 | €57,004 | +€56,019 | +5,687% |
| Accrued charges and deferred income | 492/3 | - | €320 | +€320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €771 | €1,060 | +€289 | +37.5% |
| Other operating charges | 640/8 | €688 | €2,006 | +€1,318 | +192% |
| Gross operating margin | 9900 | €53,299 | €70,608 | +€17,309 | +32.5% |
| Operating profit (loss) | 9901 | €51,840 | €67,542 | +€15,702 | +30.3% |
| Financial income | 75/76B | €29,000 | €10,000 | -€19,000 | -65.5% |
| Recurring financial income | 75 | €29,000 | €10,000 | -€19,000 | -65.5% |
| Financial charges | 65/66B | €11,266 | €8,715 | -€2,551 | -22.6% |
| Recurring financial charges | 65 | €11,266 | €8,715 | -€2,551 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €69,574 | €68,827 | -€747 | -1.1% |
| Income taxes | 67/77 | €9,509 | €13,223 | +€3,714 | +39.1% |
| Profit (loss) for the period | 9904 | €60,065 | €55,604 | -€4,461 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,065 | €55,604 | -€4,461 | -7.4% |
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 17 October 2026 via checked.be.