MANASIM: 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.
MANASIM
Largest movements
- Tangible fixed assets -€12,903
down €12,903 (-3.2%), from €397,749 to €384,847
- Cash -€5,298
down €5,298 (-54.9%), from €9,646 to €4,348
mainly Trade debts (-€13,798) and Debts after one year (-€6,039)
- Trade debts -€13,798
no longer reported in 2025 (was €13,798)
- Debts after one year -€6,039
down €6,039 (-35.3%), from €17,113 to €11,074
- Turnover -€18,000
no longer reported in 2025 (was €18,000)
- Purchases and services -€2,149
no longer reported in 2025 (was €2,149)
- Depreciation -€613
down €613 (-4.5%), from €13,515 to €12,903
- Gross operating margin -€375
down €375 (-2.4%), from €15,851 to €15,476
- Financial charges -€366
down €366 (-33.2%), from €1,100 to €734
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 | €407,602 | €389,405 | -€18,197 | -4.5% |
| Fixed assets | 21/28 | €397,774 | €384,872 | -€12,903 | -3.2% |
| Tangible fixed assets | 22/27 | €397,749 | €384,847 | -€12,903 | -3.2% |
| Land and buildings | 22 | €397,749 | €384,847 | -€12,903 | -3.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €9,828 | €4,534 | -€5,294 | -53.9% |
| Cash at bank and in hand | 54/58 | €9,646 | €4,348 | -€5,298 | -54.9% |
| Deferred charges and accrued income | 490/1 | €182 | €186 | +€4 | +2.0% |
| Total equity and liabilities | 10/49 | €407,602 | €389,405 | -€18,197 | -4.5% |
| Equity | 10/15 | €369,603 | €371,042 | +€1,440 | +0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €301,508 | €301,508 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | - | -€6,200 | |
| Reserves not available under the articles | 1311 | - | €6,200 | +€6,200 | |
| Profit (loss) carried forward | 14 | -€105 | €1,335 | +€1,440 | |
| Provisions and deferred taxes | 16 | €1,250 | €1,250 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,250 | €1,250 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,250 | €1,250 | = | 0.0% |
| Amounts payable | 17/49 | €36,749 | €17,113 | -€19,636 | -53.4% |
| Amounts payable after more than one year | 17 | €17,113 | €11,074 | -€6,039 | -35.3% |
| Financial debts | 170/4 | €17,113 | €11,074 | -€6,039 | -35.3% |
| Amounts payable within one year | 42/48 | €19,636 | €6,039 | -€13,597 | -69.2% |
| Current portion of amounts payable after more than one year | 42 | €5,838 | €6,039 | +€201 | +3.5% |
| Trade debts | 44 | €13,798 | - | -€13,798 | |
| Suppliers | 440/4 | €13,798 | - | -€13,798 | |
| Turnover | 70 | €18,000 | - | -€18,000 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,149 | - | -€2,149 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,515 | €12,903 | -€613 | -4.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €15,851 | €15,476 | -€375 | -2.4% |
| Operating profit (loss) | 9901 | €1,949 | €2,174 | +€225 | +11.5% |
| Financial charges | 65/66B | €1,100 | €734 | -€366 | -33.2% |
| Recurring financial charges | 65 | €1,100 | €734 | -€366 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €849 | €1,440 | +€591 | +69.6% |
| Profit (loss) for the period | 9904 | €849 | €1,440 | +€591 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €849 | €1,440 | +€591 | +69.6% |
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 7 October 2026 via checked.be.