MANASERVICES: 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.
MANASERVICES
Largest movements
- Cash +€8,671
up €8,671 (+12.5%), from €69,214 to €77,885
mainly Net result for the year (+€79,971) and Receivables within one year (+€3,500)
- Receivables within one year -€3,500
down €3,500 (-6.5%), from €53,840 to €50,340
of which Trade receivables: -€3,038
- Profit (loss) carried forward +€32,971
up €32,971 (+80.9%), from €40,738 to €73,709
- Tax, wage and social debts -€21,122
down €21,122 (-80.2%), from €26,349 to €5,227
of which Remuneration and social security: -€19,976
- Other debts -€5,062
down €5,062 (-9.0%), from €55,933 to €50,871
- Trade debts -€2,811
no longer reported in 2025 (was €2,811)
- Staff costs -€42,381
down €42,381 (-78.6%), from €53,886 to €11,505
- Gross operating margin -€23,102
down €23,102 (-17.1%), from €135,125 to €112,024
- Taxes +€5,065
up €5,065 (+35.6%), from €14,216 to €19,282
- Financial charges -€2,017
down €2,017 (-96.5%), from €2,090 to €73
of which Non-recurring financial charges: -€2,002
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 | €127,831 | €131,807 | +€3,976 | +3.1% |
| Fixed assets | 21/28 | €4,776 | €3,582 | -€1,194 | -25.0% |
| Tangible fixed assets | 22/27 | €4,776 | €3,582 | -€1,194 | -25.0% |
| Furniture and vehicles | 24 | €4,776 | €3,582 | -€1,194 | -25.0% |
| Current assets | 29/58 | €123,055 | €128,225 | +€5,170 | +4.2% |
| Amounts receivable within one year | 40/41 | €53,840 | €50,340 | -€3,500 | -6.5% |
| Trade receivables | 40 | €53,378 | €50,340 | -€3,038 | -5.7% |
| Other amounts receivable | 41 | €463 | - | -€463 | |
| Cash at bank and in hand | 54/58 | €69,214 | €77,885 | +€8,671 | +12.5% |
| Total equity and liabilities | 10/49 | €127,831 | €131,807 | +€3,976 | +3.1% |
| Equity | 10/15 | €42,738 | €75,709 | +€32,971 | +77.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Share premium | 1100/10 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,738 | €73,709 | +€32,971 | +80.9% |
| Amounts payable | 17/49 | €85,093 | €56,098 | -€28,995 | -34.1% |
| Amounts payable within one year | 42/48 | €85,093 | €56,098 | -€28,995 | -34.1% |
| Trade debts | 44 | €2,811 | - | -€2,811 | |
| Suppliers | 440/4 | €2,811 | - | -€2,811 | |
| Taxes, remuneration and social security | 45 | €26,349 | €5,227 | -€21,122 | -80.2% |
| Taxes | 450/3 | €6,372 | €5,227 | -€1,146 | -18.0% |
| Remuneration and social security | 454/9 | €19,976 | - | -€19,976 | |
| Other amounts payable | 47/48 | €55,933 | €50,871 | -€5,062 | -9.0% |
| Remuneration, social security and pensions | 62 | €53,886 | €11,505 | -€42,381 | -78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,194 | €1,194 | = | 0.0% |
| Gross operating margin | 9900 | €135,125 | €112,024 | -€23,102 | -17.1% |
| Operating profit (loss) | 9901 | €80,046 | €99,325 | +€19,279 | +24.1% |
| Financial charges | 65/66B | €2,090 | €73 | -€2,017 | -96.5% |
| Recurring financial charges | 65 | €88 | €73 | -€16 | -17.6% |
| Non-recurring financial charges | 66B | €2,002 | - | -€2,002 | |
| Profit (loss) for the period before taxes | 9903 | €77,956 | €99,253 | +€21,297 | +27.3% |
| Income taxes | 67/77 | €14,216 | €19,282 | +€5,065 | +35.6% |
| Profit (loss) for the period | 9904 | €63,740 | €79,971 | +€16,232 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,740 | €79,971 | +€16,232 | +25.5% |
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 2 October 2026 via checked.be.