MANAP: 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.
MANAP
Largest movements
- Tangible fixed assets -€11,575
down €11,575 (-5.6%), from €207,533 to €195,959
of which Land and buildings: -€11,793
- Receivables within one year +€5,923
up €5,923 (+37.8%), from €15,686 to €21,608
- Cash +€3,583
up €3,583 (+10.9%), from €33,015 to €36,598
mainly Depreciation (+€12,899) and Net result for the year (+€11,046)
- Reserves +€11,046
up €11,046 (+36.0%), from €30,704 to €41,749
- Debts after one year -€10,840
down €10,840 (-6.1%), from €178,804 to €167,964
- Accrued charges and deferred income -€6,375
down €6,375 (-74.8%), from €8,528 to €2,152
- Tax, wage and social debts +€5,745
up €5,745 (+97.9%), from €5,867 to €11,612
- Gross operating margin +€18,308
up €18,308 (+70.1%), from €26,129 to €44,437
- Taxes +€4,534
up €4,534 (+170.0%), from €2,668 to €7,202
- Financial charges +€3,459
up €3,459 (+43.5%), from €7,956 to €11,416
of which Financial charges: +€3,289
- Other operating charges +€896
up €896 (+33.1%), from €2,706 to €3,602
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,234 | €254,165 | -€2,069 | -0.8% |
| Fixed assets | 21/28 | €207,533 | €195,959 | -€11,575 | -5.6% |
| Tangible fixed assets | 22/27 | €207,533 | €195,959 | -€11,575 | -5.6% |
| Land and buildings | 22 | €204,707 | €192,914 | -€11,793 | -5.8% |
| Plant, machinery and equipment | 23 | €2,826 | €3,045 | +€219 | +7.7% |
| Current assets | 29/58 | €48,700 | €58,206 | +€9,506 | +19.5% |
| Amounts receivable within one year | 40/41 | €15,686 | €21,608 | +€5,923 | +37.8% |
| Other amounts receivable | 41 | €15,686 | €21,608 | +€5,923 | +37.8% |
| Cash at bank and in hand | 54/58 | €33,015 | €36,598 | +€3,583 | +10.9% |
| Total equity and liabilities | 10/49 | €256,234 | €254,165 | -€2,069 | -0.8% |
| Equity | 10/15 | €49,304 | €60,349 | +€11,046 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,704 | €41,749 | +€11,046 | +36.0% |
| Distributable reserves | 133 | €30,704 | €41,749 | +€11,046 | +36.0% |
| Amounts payable | 17/49 | €206,930 | €193,816 | -€13,114 | -6.3% |
| Amounts payable after more than one year | 17 | €178,804 | €167,964 | -€10,840 | -6.1% |
| Financial debts | 170/4 | €178,804 | €167,964 | -€10,840 | -6.1% |
| Amounts payable within one year | 42/48 | €19,598 | €23,699 | +€4,101 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €13,731 | €12,088 | -€1,644 | -12.0% |
| Taxes, remuneration and social security | 45 | €5,867 | €11,612 | +€5,745 | +97.9% |
| Taxes | 450/3 | €5,867 | €11,612 | +€5,745 | +97.9% |
| Accrued charges and deferred income | 492/3 | €8,528 | €2,152 | -€6,375 | -74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,212 | €12,899 | -€313 | -2.4% |
| Other operating charges | 640/8 | €2,706 | €3,602 | +€896 | +33.1% |
| Gross operating margin | 9900 | €26,129 | €44,437 | +€18,308 | +70.1% |
| Operating profit (loss) | 9901 | €10,211 | €27,936 | +€17,725 | +173.6% |
| Financial income | 75/76B | €1,309 | €1,727 | +€418 | +31.9% |
| Recurring financial income | 75 | €1,309 | €1,727 | +€418 | +31.9% |
| Financial charges | 65/66B | €7,956 | €11,416 | +€3,459 | +43.5% |
| Recurring financial charges | 65 | €7,956 | €11,245 | +€3,289 | +41.3% |
| Non-recurring financial charges | 66B | - | €170 | +€170 | |
| Profit (loss) for the period before taxes | 9903 | €3,564 | €18,247 | +€14,684 | +412.0% |
| Income taxes | 67/77 | €2,668 | €7,202 | +€4,534 | +170.0% |
| Profit (loss) for the period | 9904 | €896 | €11,046 | +€10,150 | +1132.8% |
| Profit (loss) for the period to be appropriated | 9905 | €896 | €11,046 | +€10,150 | +1132.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.