MANASOC: 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.
MANASOC
Largest movements
- Cash -€30,336
down €30,336 (-48.9%), from €62,075 to €31,739
mainly Contributions, distributions and other (-€40,000) and Current portion of long-term debt (-€36,096)
- Tangible fixed assets -€15,161
down €15,161 (-7.6%), from €199,161 to €184,000
- Receivables within one year -€6,795
down €6,795 (-92.7%), from €7,330 to €535
- Current portion of long-term debt -€36,096
down €36,096 (-91.5%), from €39,450 to €3,354
- Tax, wage and social debts -€7,770
down €7,770 (-82.2%), from €9,450 to €1,680
- Trade debts -€5,230
no longer reported in 2025 (was €5,230)
- Debts after one year -€3,355
no longer reported in 2025 (was €3,355)
- Profit (loss) carried forward +€3,226
up €3,226 (+2.6%), from €123,938 to €127,164
- Gross operating margin +€13,957
up €13,957 (+20.3%), from €68,694 to €82,651
- Other operating charges +€10,417
up €10,417 (+503%), from €2,073 to €12,490
- Financial charges -€1,432
down €1,432 (-56.1%), from €2,551 to €1,119
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 | €268,566 | €216,274 | -€52,292 | -19.5% |
| Fixed assets | 21/28 | €199,161 | €184,000 | -€15,161 | -7.6% |
| Tangible fixed assets | 22/27 | €199,161 | €184,000 | -€15,161 | -7.6% |
| Land and buildings | 22 | €199,161 | €184,000 | -€15,161 | -7.6% |
| Current assets | 29/58 | €69,405 | €32,274 | -€37,131 | -53.5% |
| Amounts receivable within one year | 40/41 | €7,330 | €535 | -€6,795 | -92.7% |
| Trade receivables | 40 | €7,330 | €535 | -€6,795 | -92.7% |
| Cash at bank and in hand | 54/58 | €62,075 | €31,739 | -€30,336 | -48.9% |
| Total equity and liabilities | 10/49 | €268,566 | €216,274 | -€52,292 | -19.5% |
| Equity | 10/15 | €154,817 | €156,019 | +€1,202 | +0.8% |
| Contributions | 10/11 | €6,247 | €6,247 | = | 0.0% |
| Reserves | 13 | €24,632 | €22,608 | -€2,024 | -8.2% |
| Tax-exempt reserves | 132 | €22,269 | €20,245 | -€2,024 | -9.1% |
| Distributable reserves | 133 | €2,363 | €2,363 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,938 | €127,164 | +€3,226 | +2.6% |
| Provisions and deferred taxes | 16 | €11,464 | €10,421 | -€1,043 | -9.1% |
| Deferred taxes | 168 | €11,464 | €10,421 | -€1,043 | -9.1% |
| Amounts payable | 17/49 | €102,285 | €49,834 | -€52,451 | -51.3% |
| Amounts payable after more than one year | 17 | €3,355 | - | -€3,355 | |
| Financial debts | 170/4 | €3,355 | - | -€3,355 | |
| Amounts payable within one year | 42/48 | €98,930 | €49,834 | -€49,096 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €39,450 | €3,354 | -€36,096 | -91.5% |
| Trade debts | 44 | €5,230 | - | -€5,230 | |
| Suppliers | 440/4 | €5,230 | - | -€5,230 | |
| Advances received on contracts in progress | 46 | €4,800 | €4,800 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,450 | €1,680 | -€7,770 | -82.2% |
| Taxes | 450/3 | €9,450 | €1,680 | -€7,770 | -82.2% |
| Other amounts payable | 47/48 | €40,000 | €40,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,400 | €14,400 | = | 0.0% |
| Other operating charges | 640/8 | €2,073 | €12,490 | +€10,417 | +503% |
| Gross operating margin | 9900 | €68,694 | €82,651 | +€13,957 | +20.3% |
| Operating profit (loss) | 9901 | €52,221 | €55,761 | +€3,540 | +6.8% |
| Financial income | 75/76B | €47 | €265 | +€218 | +464% |
| Recurring financial income | 75 | €47 | €265 | +€218 | +464% |
| Financial charges | 65/66B | €2,551 | €1,119 | -€1,432 | -56.1% |
| Recurring financial charges | 65 | €2,551 | €1,119 | -€1,432 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €49,717 | €54,907 | +€5,190 | +10.4% |
| Transfer from deferred taxes | 780 | €1,043 | €1,043 | = | 0.0% |
| Income taxes | 67/77 | €13,962 | €14,748 | +€786 | +5.6% |
| Profit (loss) for the period | 9904 | €36,798 | €41,202 | +€4,404 | +12.0% |
| Transfer from tax-exempt reserves | 789 | €2,024 | €2,024 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,822 | €43,226 | +€4,404 | +11.3% |
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.