Mananiak: 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.
Mananiak
Largest movements
- Receivables within one year +€145,352
up €145,352 (+262.5%), from €55,379 to €200,731
of which Trade receivables: +€81,712
- Cash +€3,568
up €3,568 (+599.8%), from €595 to €4,163
mainly Net result for the year (+€112,361) and Other debts (+€63,658)
- Other debts +€63,658
new in 2025: €63,658
- Profit (loss) carried forward +€53,944
no longer reported in 2025 (was -€53,944)
- Current portion of long-term debt +€40,888
up €40,888 (+207.9%), from €19,663 to €60,551
- Trade debts -€11,880
down €11,880 (-52.8%), from €22,495 to €10,615
- Short-term financial debts +€10,876
up €10,876 (+750.1%), from €1,450 to €12,326
- Gross operating margin +€179,926
up €179,926, from -€17,592 to €162,334
- Taxes +€37,011
up €37,011 (+4947.1%), from €748 to €37,759
- Financial charges +€2,505
up €2,505 (+62.4%), from €4,014 to €6,519
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 | €84,967 | €235,562 | +€150,595 | +177.2% |
| Fixed assets | 21/28 | €28,692 | €28,225 | -€467 | -1.6% |
| Tangible fixed assets | 22/27 | €28,692 | €28,225 | -€467 | -1.6% |
| Land and buildings | 22 | €17,962 | €15,978 | -€1,983 | -11.0% |
| Plant, machinery and equipment | 23 | €2,291 | €4,663 | +€2,372 | +103.5% |
| Furniture and vehicles | 24 | €1,422 | €566 | -€856 | -60.2% |
| Other tangible fixed assets | 26 | €7,017 | €7,017 | = | 0.0% |
| Current assets | 29/58 | €56,275 | €207,337 | +€151,062 | +268.4% |
| Amounts receivable within one year | 40/41 | €55,379 | €200,731 | +€145,352 | +262.5% |
| Trade receivables | 40 | €20,288 | €102,000 | +€81,712 | +402.8% |
| Other amounts receivable | 41 | €35,091 | €98,731 | +€63,640 | +181.4% |
| Cash at bank and in hand | 54/58 | €595 | €4,163 | +€3,568 | +599.8% |
| Deferred charges and accrued income | 490/1 | €301 | €2,443 | +€2,141 | +710.5% |
| Total equity and liabilities | 10/49 | €84,967 | €235,562 | +€150,595 | +177.2% |
| Equity | 10/15 | -€51,944 | €2,000 | +€53,944 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,944 | - | +€53,944 | |
| Amounts payable | 17/49 | €136,911 | €233,562 | +€96,651 | +70.6% |
| Amounts payable after more than one year | 17 | €53,011 | €52,410 | -€601 | -1.1% |
| Financial debts | 170/4 | €53,011 | €52,410 | -€601 | -1.1% |
| Amounts payable within one year | 42/48 | €83,649 | €181,151 | +€97,502 | +116.6% |
| Current portion of amounts payable after more than one year | 42 | €19,663 | €60,551 | +€40,888 | +207.9% |
| Financial debts | 43 | €1,450 | €12,326 | +€10,876 | +750.1% |
| Credit institutions | 430/8 | €1,450 | €12,326 | +€10,876 | +750.1% |
| Trade debts | 44 | €22,495 | €10,615 | -€11,880 | -52.8% |
| Suppliers | 440/4 | €22,495 | €10,615 | -€11,880 | -52.8% |
| Advances received on contracts in progress | 46 | €34,001 | €34,001 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,040 | - | -€6,040 | |
| Taxes | 450/3 | €4,355 | - | -€4,355 | |
| Remuneration and social security | 454/9 | €1,685 | - | -€1,685 | |
| Other amounts payable | 47/48 | - | €63,658 | +€63,658 | |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,462 | €4,204 | +€742 | +21.4% |
| Other operating charges | 640/8 | €3,070 | €1,492 | -€1,578 | -51.4% |
| Gross operating margin | 9900 | -€17,592 | €162,334 | +€179,926 | |
| Operating profit (loss) | 9901 | -€24,124 | €156,639 | +€180,762 | |
| Financial income | 75/76B | €601 | - | -€601 | |
| Recurring financial income | 75 | €601 | - | -€601 | |
| Financial charges | 65/66B | €4,014 | €6,519 | +€2,505 | +62.4% |
| Recurring financial charges | 65 | €4,014 | €6,519 | +€2,505 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,536 | €150,120 | +€177,656 | |
| Income taxes | 67/77 | €748 | €37,759 | +€37,011 | +4947.1% |
| Profit (loss) for the period | 9904 | -€28,284 | €112,361 | +€140,645 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,284 | €112,361 | +€140,645 |
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 7 October 2026 via checked.be.