MANAMETRIX: 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.
MANAMETRIX
Largest movements
- Receivables within one year +€1,161
up €1,161 (+72.9%), from €1,593 to €2,754
of which Trade receivables: +€1,317
- Formation expenses -€377
down €377 (-26.1%), from €1,447 to €1,070
- Cash -€266
down €266 (-34.3%), from €775 to €509
mainly Net result for the year (-€6,335) and Receivables within one year (-€1,161)
- Financial fixed assets +€220
new in 2025: €220
- Profit (loss) carried forward -€6,335
down €6,335 (-28.2%), from -€22,431 to -€28,766
- Other debts +€6,095
up €6,095 (+26.9%), from €22,616 to €28,711
- Trade debts +€978
up €978 (+86.5%), from €1,131 to €2,109
- Gross operating margin +€8,899
up €8,899 (+60.2%), from -€14,782 to -€5,883
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 | €3,815 | €4,554 | +€738 | +19.3% |
| Formation expenses | 20 | €1,447 | €1,070 | -€377 | -26.1% |
| Fixed assets | 21/28 | - | €220 | +€220 | |
| Financial fixed assets | 28 | - | €220 | +€220 | |
| Current assets | 29/58 | €2,369 | €3,264 | +€895 | +37.8% |
| Amounts receivable within one year | 40/41 | €1,593 | €2,754 | +€1,161 | +72.9% |
| Trade receivables | 40 | €1,369 | €2,685 | +€1,317 | +96.2% |
| Other amounts receivable | 41 | €225 | €69 | -€155 | -69.2% |
| Cash at bank and in hand | 54/58 | €775 | €509 | -€266 | -34.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,815 | €4,554 | +€738 | +19.3% |
| Equity | 10/15 | -€19,931 | -€26,266 | -€6,335 | -31.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,431 | -€28,766 | -€6,335 | -28.2% |
| Amounts payable | 17/49 | €23,747 | €30,820 | +€7,073 | +29.8% |
| Amounts payable within one year | 42/48 | €23,747 | €30,820 | +€7,073 | +29.8% |
| Trade debts | 44 | €1,131 | €2,109 | +€978 | +86.5% |
| Suppliers | 440/4 | €1,131 | €2,109 | +€978 | +86.5% |
| Other amounts payable | 47/48 | €22,616 | €28,711 | +€6,095 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | €377 | = | 0.0% |
| Gross operating margin | 9900 | -€14,782 | -€5,883 | +€8,899 | +60.2% |
| Operating profit (loss) | 9901 | -€15,159 | -€6,260 | +€8,899 | +58.7% |
| Financial charges | 65/66B | €79 | €75 | -€4 | -4.9% |
| Recurring financial charges | 65 | €79 | €75 | -€4 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,238 | -€6,335 | +€8,903 | +58.4% |
| Profit (loss) for the period | 9904 | -€15,238 | -€6,335 | +€8,903 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,238 | -€6,335 | +€8,903 | +58.4% |
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 4 October 2026 via checked.be.