MANANDISE: 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.
MANANDISE
Largest movements
- Cash +€27,111
up €27,111 (+25.7%), from €105,485 to €132,596
mainly Net result for the year (+€16,061) and Depreciation (+€15,930)
- Deferred charges and accrued income -€7,021
down €7,021 (-70.6%), from €9,939 to €2,918
- Tangible fixed assets -€4,966
down €4,966 (-7.4%), from €67,304 to €62,338
of which Plant, machinery and equipment: -€4,791
- Receivables within one year -€4,587
down €4,587 (-66.4%), from €6,904 to €2,317
- Reserves +€16,000
up €16,000 (+21.9%), from €73,159 to €89,159
- Tax, wage and social debts -€5,400
down €5,400 (-59.7%), from €9,042 to €3,643
- Depreciation -€1,441
down €1,441 (-8.3%), from €17,371 to €15,930
- Gross operating margin +€1,304
up €1,304 (+3.4%), from €38,146 to €39,450
- Financial income +€773
up €773 (+306%), from €253 to €1,025
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 | €189,632 | €200,169 | +€10,537 | +5.6% |
| Fixed assets | 21/28 | €67,304 | €62,338 | -€4,966 | -7.4% |
| Tangible fixed assets | 22/27 | €67,304 | €62,338 | -€4,966 | -7.4% |
| Plant, machinery and equipment | 23 | €66,472 | €61,681 | -€4,791 | -7.2% |
| Furniture and vehicles | 24 | €832 | €657 | -€175 | -21.0% |
| Current assets | 29/58 | €122,328 | €137,831 | +€15,503 | +12.7% |
| Amounts receivable within one year | 40/41 | €6,904 | €2,317 | -€4,587 | -66.4% |
| Other amounts receivable | 41 | €6,904 | €2,317 | -€4,587 | -66.4% |
| Cash at bank and in hand | 54/58 | €105,485 | €132,596 | +€27,111 | +25.7% |
| Deferred charges and accrued income | 490/1 | €9,939 | €2,918 | -€7,021 | -70.6% |
| Total equity and liabilities | 10/49 | €189,632 | €200,169 | +€10,537 | +5.6% |
| Equity | 10/15 | €178,951 | €195,011 | +€16,061 | +9.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €73,159 | €89,159 | +€16,000 | +21.9% |
| Distributable reserves | 133 | €73,159 | €89,159 | +€16,000 | +21.9% |
| Profit (loss) carried forward | 14 | €87,199 | €87,260 | +€61 | +0.1% |
| Amounts payable | 17/49 | €10,681 | €5,158 | -€5,523 | -51.7% |
| Amounts payable within one year | 42/48 | €10,681 | €5,158 | -€5,523 | -51.7% |
| Trade debts | 44 | €1,639 | €1,515 | -€124 | -7.6% |
| Suppliers | 440/4 | €1,639 | €1,515 | -€124 | -7.6% |
| Taxes, remuneration and social security | 45 | €9,042 | €3,643 | -€5,400 | -59.7% |
| Taxes | 450/3 | €9,042 | €3,643 | -€5,400 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,371 | €15,930 | -€1,441 | -8.3% |
| Other operating charges | 640/8 | €657 | €676 | +€19 | +2.8% |
| Non-recurring operating charges | 66A | €431 | - | -€431 | |
| Gross operating margin | 9900 | €38,146 | €39,450 | +€1,304 | +3.4% |
| Operating profit (loss) | 9901 | €19,687 | €22,845 | +€3,158 | +16.0% |
| Financial income | 75/76B | €253 | €1,025 | +€773 | +306% |
| Recurring financial income | 75 | €253 | €1,025 | +€773 | +306% |
| Financial charges | 65/66B | €134 | €143 | +€9 | +6.7% |
| Recurring financial charges | 65 | €134 | €143 | +€9 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €19,806 | €23,727 | +€3,922 | +19.8% |
| Income taxes | 67/77 | €7,484 | €7,666 | +€182 | +2.4% |
| Profit (loss) for the period | 9904 | €12,321 | €16,061 | +€3,739 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,321 | €16,061 | +€3,739 | +30.3% |
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 13 October 2026 via checked.be.