MANASKI: 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.
MANASKI
Largest movements
- Receivables within one year +€28,532
up €28,532 (+354%), from €8,071 to €36,603
- Current investments -€7,000
down €7,000 (-100%), from €7,000 to €0
- Cash -€4,338
down €4,338 (-60.1%), from €7,214 to €2,876
mainly Receivables within one year (-€28,532) and Investment in fixed assets (net) (-€5,947)
- Tangible fixed assets +€3,401
up €3,401 (+19.8%), from €17,185 to €20,587
of which Other tangible fixed assets: +€3,004
- Profit (loss) carried forward +€20,233
up €20,233 (+96.7%), from €20,929 to €41,162
- Tax, wage and social debts +€2,562
up €2,562 (+71.3%), from €3,593 to €6,155
of which Taxes: +€4,152
- Other debts -€1,565
down €1,565 (-13.2%), from €11,813 to €10,248
- Trade debts -€1,058
down €1,058 (-100%), from €1,058 to €0
- Gross operating margin +€15,502
up €15,502 (+94.4%), from €16,426 to €31,927
- Taxes +€3,540
up €3,540 (+100%), from €3,523 to €7,063
- Other operating charges -€539
down €539 (-67.7%), from €796 to €257
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.
Derived cash bridge
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 | €39,893 | €60,065 | +€20,172 | +50.6% |
| Fixed assets | 21/28 | €17,185 | €20,587 | +€3,401 | +19.8% |
| Tangible fixed assets | 22/27 | €17,185 | €20,587 | +€3,401 | +19.8% |
| Plant, machinery and equipment | 23 | €711 | €1,405 | +€694 | +97.7% |
| Furniture and vehicles | 24 | €814 | €516 | -€297 | -36.5% |
| Other tangible fixed assets | 26 | €15,660 | €18,665 | +€3,004 | +19.2% |
| Current assets | 29/58 | €22,708 | €39,478 | +€16,771 | +73.9% |
| Amounts receivable within one year | 40/41 | €8,071 | €36,603 | +€28,532 | +354% |
| Trade receivables | 40 | €8,071 | €36,603 | +€28,532 | +354% |
| Current investments | 50/53 | €7,000 | €0 | -€7,000 | -100% |
| Cash at bank and in hand | 54/58 | €7,214 | €2,876 | -€4,338 | -60.1% |
| Deferred charges and accrued income | 490/1 | €423 | €0 | -€423 | -100% |
| Total equity and liabilities | 10/49 | €39,893 | €60,065 | +€20,172 | +50.6% |
| Equity | 10/15 | €23,429 | €43,662 | +€20,233 | +86.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,929 | €41,162 | +€20,233 | +96.7% |
| Amounts payable | 17/49 | €16,464 | €16,403 | -€61 | -0.4% |
| Amounts payable within one year | 42/48 | €16,464 | €16,403 | -€61 | -0.4% |
| Trade debts | 44 | €1,058 | €0 | -€1,058 | -100% |
| Suppliers | 440/4 | €1,058 | €0 | -€1,058 | -100% |
| Taxes, remuneration and social security | 45 | €3,593 | €6,155 | +€2,562 | +71.3% |
| Taxes | 450/3 | €2,003 | €6,155 | +€4,152 | +207% |
| Remuneration and social security | 454/9 | €1,590 | €0 | -€1,590 | -100% |
| Other amounts payable | 47/48 | €11,813 | €10,248 | -€1,565 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,510 | €2,546 | +€35 | +1.4% |
| Other operating charges | 640/8 | €796 | €257 | -€539 | -67.7% |
| Gross operating margin | 9900 | €16,426 | €31,927 | +€15,502 | +94.4% |
| Operating profit (loss) | 9901 | €13,119 | €29,125 | +€16,005 | +122% |
| Financial income | 75/76B | €0 | €52 | +€52 | |
| Recurring financial income | 75 | €0 | €52 | +€52 | |
| Financial charges | 65/66B | €1,752 | €1,881 | +€129 | +7.3% |
| Recurring financial charges | 65 | €1,752 | €1,881 | +€129 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €11,368 | €27,297 | +€15,929 | +140% |
| Income taxes | 67/77 | €3,523 | €7,063 | +€3,540 | +100% |
| Profit (loss) for the period | 9904 | €7,845 | €20,233 | +€12,389 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €7,845 | €20,233 | +€12,389 | +158% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.