MANASAL: 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.
MANASAL
Largest movements
- Cash +€40,243
up €40,243 (+55.5%), from €72,551 to €112,794
mainly Net result for the year (+€16,850) and Depreciation (+€13,264)
- Receivables within one year -€9,375
down €9,375 (-85.2%), from €11,000 to €1,625
of which Trade receivables: -€9,375
- Tangible fixed assets -€5,068
down €5,068 (-24.8%), from €20,423 to €15,355
of which Furniture and vehicles: -€19,201
- Reserves +€20,000
up €20,000 (+50.0%), from €40,000 to €60,000
- Tax, wage and social debts +€7,180
up €7,180 (+140.4%), from €5,114 to €12,294
of which Taxes: +€5,330
- Profit (loss) carried forward -€3,150
down €3,150 (-55.8%), from €5,647 to €2,498
- Depreciation +€571
up €571 (+4.5%), from €12,693 to €13,264
- Taxes +€535
up €535 (+11.2%), from €4,755 to €5,290
- Other operating charges -€522
down €522 (-37.6%), from €1,390 to €868
- Gross operating margin +€460
up €460 (+1.2%), from €38,829 to €39,290
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 | €108,283 | €133,328 | +€25,044 | +23.1% |
| Fixed assets | 21/28 | €20,423 | €15,355 | -€5,068 | -24.8% |
| Tangible fixed assets | 22/27 | €20,423 | €15,355 | -€5,068 | -24.8% |
| Land and buildings | 22 | - | €911 | +€911 | |
| Plant, machinery and equipment | 23 | €1,222 | €6,819 | +€5,597 | +457.9% |
| Furniture and vehicles | 24 | €19,201 | - | -€19,201 | |
| Other tangible fixed assets | 26 | - | €7,625 | +€7,625 | |
| Current assets | 29/58 | €87,860 | €117,972 | +€30,112 | +34.3% |
| Amounts receivable within one year | 40/41 | €11,000 | €1,625 | -€9,375 | -85.2% |
| Trade receivables | 40 | €11,000 | €1,625 | -€9,375 | -85.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €72,551 | €112,794 | +€40,243 | +55.5% |
| Deferred charges and accrued income | 490/1 | €4,309 | €3,553 | -€756 | -17.5% |
| Total equity and liabilities | 10/49 | €108,283 | €133,328 | +€25,044 | +23.1% |
| Equity | 10/15 | €55,647 | €72,498 | +€16,850 | +30.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €60,000 | +€20,000 | +50.0% |
| Distributable reserves | 133 | €40,000 | €60,000 | +€20,000 | +50.0% |
| Profit (loss) carried forward | 14 | €5,647 | €2,498 | -€3,150 | -55.8% |
| Amounts payable | 17/49 | €52,636 | €60,830 | +€8,194 | +15.6% |
| Amounts payable within one year | 42/48 | €49,415 | €57,870 | +€8,455 | +17.1% |
| Trade debts | 44 | €3,101 | €3,164 | +€63 | +2.0% |
| Suppliers | 440/4 | €3,101 | €3,164 | +€63 | +2.0% |
| Taxes, remuneration and social security | 45 | €5,114 | €12,294 | +€7,180 | +140.4% |
| Taxes | 450/3 | €5,114 | €10,444 | +€5,330 | +104.2% |
| Remuneration and social security | 454/9 | - | €1,850 | +€1,850 | |
| Other amounts payable | 47/48 | €41,200 | €42,413 | +€1,213 | +2.9% |
| Accrued charges and deferred income | 492/3 | €3,221 | €2,960 | -€261 | -8.1% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,693 | €13,264 | +€571 | +4.5% |
| Other operating charges | 640/8 | €1,390 | €868 | -€522 | -37.6% |
| Gross operating margin | 9900 | €38,829 | €39,290 | +€460 | +1.2% |
| Operating profit (loss) | 9901 | €24,746 | €25,158 | +€412 | +1.7% |
| Financial charges | 65/66B | €3,282 | €3,018 | -€265 | -8.1% |
| Recurring financial charges | 65 | €3,282 | €3,018 | -€265 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €21,464 | €22,140 | +€676 | +3.2% |
| Income taxes | 67/77 | €4,755 | €5,290 | +€535 | +11.2% |
| Profit (loss) for the period | 9904 | €16,709 | €16,850 | +€142 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,709 | €16,850 | +€142 | +0.8% |
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 5 October 2026 via checked.be.