MANASALES: 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.
MANASALES
Largest movements
- Cash -€804,136
down €804,136 (-83.6%), from €962,274 to €158,138
mainly Other debts (-€908,130) and Receivables within one year (-€36,852)
- Current investments -€58,164
down €58,164 (-5.6%), from €1.0m to €978,510
- Other debts -€908,130
down €908,130 (-84.1%), from €1.1m to €171,913
- Profit (loss) carried forward +€76,959
up €76,959 (+0.3%), from -€24.4m to -€24.3m
- Financial income -€979,469
down €979,469 (-90.3%), from €1.1m to €105,187
of which Non-recurring financial income: -€1.0m
- Financial charges -€338,411
down €338,411, from €310,711 to -€27,700
of which Non-recurring financial charges: -€355,953
- Gross operating margin +€40,339
up €40,339 (+68.7%), from -€58,726 to -€18,387
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 | €3,773,277 | €2,932,574 | -€840,703 | -22.3% |
| Fixed assets | 21/28 | €1,425,480 | €1,410,209 | -€15,271 | -1.1% |
| Tangible fixed assets | 22/27 | €529,630 | €514,359 | -€15,271 | -2.9% |
| Land and buildings | 22 | €523,367 | €508,096 | -€15,271 | -2.9% |
| Furniture and vehicles | 24 | €6,263 | €6,263 | = | 0.0% |
| Financial fixed assets | 28 | €895,850 | €895,850 | = | 0.0% |
| Current assets | 29/58 | €2,347,797 | €1,522,365 | -€825,432 | -35.2% |
| Amounts receivable within one year | 40/41 | €348,433 | €385,285 | +€36,852 | +10.6% |
| Trade receivables | 40 | €13,777 | €14,126 | +€349 | +2.5% |
| Other amounts receivable | 41 | €334,656 | €371,159 | +€36,503 | +10.9% |
| Current investments | 50/53 | €1,036,674 | €978,510 | -€58,164 | -5.6% |
| Cash at bank and in hand | 54/58 | €962,274 | €158,138 | -€804,136 | -83.6% |
| Deferred charges and accrued income | 490/1 | €416 | €432 | +€16 | +3.8% |
| Total equity and liabilities | 10/49 | €3,773,277 | €2,932,574 | -€840,703 | -22.3% |
| Equity | 10/15 | €2,680,354 | €2,757,313 | +€76,959 | +2.9% |
| Contributions | 10/11 | €24,700,000 | €24,700,000 | = | 0.0% |
| Capital | 10 | €24,700,000 | €24,700,000 | = | 0.0% |
| Issued capital | 100 | €24,700,000 | €24,700,000 | = | 0.0% |
| Reserves | 13 | €2,350,000 | €2,350,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,350,000 | €2,350,000 | = | 0.0% |
| Legal reserve | 130 | €2,350,000 | €2,350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,369,646 | -€24,292,687 | +€76,959 | +0.3% |
| Amounts payable | 17/49 | €1,092,923 | €175,261 | -€917,662 | -84.0% |
| Amounts payable within one year | 42/48 | €1,092,055 | €175,261 | -€916,794 | -84.0% |
| Trade debts | 44 | €12,012 | - | -€12,012 | |
| Suppliers | 440/4 | €12,012 | - | -€12,012 | |
| Taxes, remuneration and social security | 45 | - | €3,348 | +€3,348 | |
| Taxes | 450/3 | - | €3,348 | +€3,348 | |
| Other amounts payable | 47/48 | €1,080,043 | €171,913 | -€908,130 | -84.1% |
| Accrued charges and deferred income | 492/3 | €868 | - | -€868 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,555 | €17,740 | +€185 | +1.1% |
| Other operating charges | 640/8 | €20,161 | €19,801 | -€360 | -1.8% |
| Gross operating margin | 9900 | -€58,726 | -€18,387 | +€40,339 | +68.7% |
| Operating profit (loss) | 9901 | -€96,442 | -€55,928 | +€40,514 | +42.0% |
| Financial income | 75/76B | €1,084,656 | €105,187 | -€979,469 | -90.3% |
| Recurring financial income | 75 | €43,267 | €105,187 | +€61,920 | +143.1% |
| Non-recurring financial income | 76B | €1,041,389 | - | -€1.0m | |
| Financial charges | 65/66B | €310,711 | -€27,700 | -€338,411 | |
| Recurring financial charges | 65 | -€45,242 | -€27,700 | +€17,542 | +38.8% |
| Non-recurring financial charges | 66B | €355,953 | - | -€355,953 | |
| Profit (loss) for the period before taxes | 9903 | €677,503 | €76,959 | -€600,544 | -88.6% |
| Profit (loss) for the period | 9904 | €677,503 | €76,959 | -€600,544 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €677,503 | €76,959 | -€600,544 | -88.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.