MANASAM: 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.
MANASAM
Largest movements
- Tangible fixed assets -€1,695
down €1,695 (-44.5%), from €3,808 to €2,113
- Cash -€1,657
down €1,657 (-60.6%), from €2,735 to €1,078
mainly Trade debts (-€5,344) and Other debts (-€3,849)
- Formation expenses -€569
down €569 (-25.0%), from €2,277 to €1,709
- Receivables within one year -€253
down €253 (-2.2%), from €11,352 to €11,099
of which Trade receivables: -€7,865
- Reserves +€7,671
up €7,671 (+236.9%), from €3,238 to €10,909
- Trade debts -€5,344
down €5,344 (-100.0%), from €5,344 to €0
- Other debts -€3,849
down €3,849 (-100.0%), from €3,849 to €0
- Accrued charges and deferred income -€1,734
down €1,734 (-97.7%), from €1,775 to €40
- Tax, wage and social debts -€918
down €918 (-94.9%), from €967 to €50
- Gross operating margin +€5,783
up €5,783 (+86.2%), from €6,709 to €12,492
- Taxes +€1,037
up €1,037 (+68.5%), from €1,513 to €2,550
- Depreciation +€421
up €421 (+22.9%), from €1,842 to €2,264
- Financial income +€342
up €342 (+1712150.0%), from €0 to €342
- Other operating charges +€179
new in 2025: €179
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 | €20,173 | €15,999 | -€4,174 | -20.7% |
| Formation expenses | 20 | €2,277 | €1,709 | -€569 | -25.0% |
| Fixed assets | 21/28 | €3,808 | €2,113 | -€1,695 | -44.5% |
| Tangible fixed assets | 22/27 | €3,808 | €2,113 | -€1,695 | -44.5% |
| Plant, machinery and equipment | 23 | €3,808 | €2,113 | -€1,695 | -44.5% |
| Current assets | 29/58 | €14,087 | €12,177 | -€1,910 | -13.6% |
| Amounts receivable within one year | 40/41 | €11,352 | €11,099 | -€253 | -2.2% |
| Trade receivables | 40 | €7,865 | €0 | -€7,865 | -100.0% |
| Other amounts receivable | 41 | €3,487 | €11,099 | +€7,612 | +218.3% |
| Cash at bank and in hand | 54/58 | €2,735 | €1,078 | -€1,657 | -60.6% |
| Total equity and liabilities | 10/49 | €20,173 | €15,999 | -€4,174 | -20.7% |
| Equity | 10/15 | €8,238 | €15,909 | +€7,671 | +93.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,238 | €10,909 | +€7,671 | +236.9% |
| Distributable reserves | 133 | €3,238 | €10,909 | +€7,671 | +236.9% |
| Amounts payable | 17/49 | €11,935 | €90 | -€11,845 | -99.2% |
| Amounts payable within one year | 42/48 | €10,160 | €50 | -€10,110 | -99.5% |
| Trade debts | 44 | €5,344 | €0 | -€5,344 | -100.0% |
| Suppliers | 440/4 | €5,344 | €0 | -€5,344 | -100.0% |
| Taxes, remuneration and social security | 45 | €967 | €50 | -€918 | -94.9% |
| Taxes | 450/3 | €967 | €50 | -€918 | -94.9% |
| Other amounts payable | 47/48 | €3,849 | €0 | -€3,849 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,775 | €40 | -€1,734 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,842 | €2,264 | +€421 | +22.9% |
| Other operating charges | 640/8 | - | €179 | +€179 | |
| Gross operating margin | 9900 | €6,709 | €12,492 | +€5,783 | +86.2% |
| Operating profit (loss) | 9901 | €4,867 | €10,049 | +€5,183 | +106.5% |
| Financial income | 75/76B | €0 | €342 | +€342 | +1712150.0% |
| Recurring financial income | 75 | €0 | €342 | +€342 | +1712150.0% |
| Financial charges | 65/66B | €116 | €171 | +€55 | +47.5% |
| Recurring financial charges | 65 | €116 | €171 | +€55 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | €4,751 | €10,221 | +€5,470 | +115.1% |
| Income taxes | 67/77 | €1,513 | €2,550 | +€1,037 | +68.5% |
| Profit (loss) for the period | 9904 | €3,238 | €7,671 | +€4,433 | +136.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,238 | €7,671 | +€4,433 | +136.9% |
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 11 October 2026 via checked.be.