MANAPRO: 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.
MANAPRO
Largest movements
- Receivables within one year +€10,386
up €10,386 (+37.7%), from €27,551 to €37,937
of which Trade receivables: +€19,818
- Cash +€6,313
up €6,313 (+7.8%), from €80,879 to €87,192
mainly Other debts (+€89,749) and Net result for the year (+€83,627)
- Tangible fixed assets +€5,036
up €5,036 (+96.7%), from €5,206 to €10,242
of which Other tangible fixed assets: +€3,034
- Other debts +€89,749
up €89,749 (+170%), from €52,947 to €142,696
- Reserves -€74,708
down €74,708 (-93.7%), from €79,728 to €5,020
- Trade debts +€6,746
up €6,746 (+228%), from €2,958 to €9,705
- Gross operating margin +€5,550
up €5,550 (+5.1%), from €108,416 to €113,967
- Taxes +€1,273
up €1,273 (+5.9%), from €21,741 to €23,014
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 | €151,732 | €173,405 | +€21,673 | +14.3% |
| Fixed assets | 21/28 | €5,206 | €10,242 | +€5,036 | +96.7% |
| Tangible fixed assets | 22/27 | €5,206 | €10,242 | +€5,036 | +96.7% |
| Plant, machinery and equipment | 23 | €4,739 | €6,840 | +€2,101 | +44.3% |
| Furniture and vehicles | 24 | €467 | €367 | -€100 | -21.4% |
| Other tangible fixed assets | 26 | - | €3,034 | +€3,034 | |
| Current assets | 29/58 | €146,525 | €163,163 | +€16,637 | +11.4% |
| Amounts receivable within one year | 40/41 | €27,551 | €37,937 | +€10,386 | +37.7% |
| Trade receivables | 40 | €16,133 | €35,951 | +€19,818 | +123% |
| Other amounts receivable | 41 | €11,418 | €1,986 | -€9,432 | -82.6% |
| Cash at bank and in hand | 54/58 | €80,879 | €87,192 | +€6,313 | +7.8% |
| Deferred charges and accrued income | 490/1 | €38,096 | €38,034 | -€62 | -0.2% |
| Total equity and liabilities | 10/49 | €151,732 | €173,405 | +€21,673 | +14.3% |
| Equity | 10/15 | €80,728 | €6,020 | -€74,708 | -92.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €79,728 | €5,020 | -€74,708 | -93.7% |
| Distributable reserves | 133 | €79,728 | €5,020 | -€74,708 | -93.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,003 | €167,384 | +€96,381 | +136% |
| Amounts payable within one year | 42/48 | €68,925 | €164,243 | +€95,317 | +138% |
| Financial debts | 43 | €1,582 | €236 | -€1,345 | -85.1% |
| Credit institutions | 430/8 | €1,582 | €236 | -€1,345 | -85.1% |
| Trade debts | 44 | €2,958 | €9,705 | +€6,746 | +228% |
| Suppliers | 440/4 | €2,958 | €9,705 | +€6,746 | +228% |
| Taxes, remuneration and social security | 45 | €11,438 | €11,606 | +€168 | +1.5% |
| Taxes | 450/3 | €11,438 | €11,606 | +€168 | +1.5% |
| Other amounts payable | 47/48 | €52,947 | €142,696 | +€89,749 | +170% |
| Accrued charges and deferred income | 492/3 | €2,078 | €3,142 | +€1,064 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,469 | €3,120 | -€349 | -10.1% |
| Other operating charges | 640/8 | €1,239 | €985 | -€254 | -20.5% |
| Gross operating margin | 9900 | €108,416 | €113,967 | +€5,550 | +5.1% |
| Operating profit (loss) | 9901 | €103,708 | €109,862 | +€6,154 | +5.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,239 | €3,221 | +€982 | +43.9% |
| Recurring financial charges | 65 | €2,239 | €3,221 | +€982 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €101,469 | €106,640 | +€5,171 | +5.1% |
| Income taxes | 67/77 | €21,741 | €23,014 | +€1,273 | +5.9% |
| Profit (loss) for the period | 9904 | €79,728 | €83,627 | +€3,898 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €79,728 | €83,627 | +€3,898 | +4.9% |
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 19 October 2026 via checked.be.