MANASSUR: 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.
MANASSUR
Largest movements
- Receivables within one year +€164,068
up €164,068 (+9.6%), from €1.7m to €1.9m
- Other debts +€223,092
up €223,092 (+30.5%), from €730,748 to €953,839
- Accrued charges and deferred income -€92,636
down €92,636 (-13.0%), from €711,821 to €619,185
- Profit (loss) carried forward +€29,541
up €29,541 (+11.8%), from €251,278 to €280,819
- Gross operating margin +€90,646
up €90,646, from -€56,686 to €33,960
- Financial income -€63,324
no longer reported in 2025 (was €63,324)
of which Non-recurring financial income: -€62,464
- Taxes +€11,284
up €11,284, from -€6,912 to €4,372
- Financial charges +€4,087
up €4,087, from -€4,040 to €47
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 | €1,719,177 | €1,883,544 | +€164,367 | +9.6% |
| Fixed assets | 21/28 | €7,478 | €7,478 | = | 0.0% |
| Financial fixed assets | 28 | €7,478 | €7,478 | = | 0.0% |
| Current assets | 29/58 | €1,711,699 | €1,876,066 | +€164,367 | +9.6% |
| Amounts receivable within one year | 40/41 | €1,709,852 | €1,873,920 | +€164,068 | +9.6% |
| Other amounts receivable | 41 | €1,709,852 | €1,873,920 | +€164,068 | +9.6% |
| Cash at bank and in hand | 54/58 | €274 | €2,146 | +€1,872 | +682.4% |
| Deferred charges and accrued income | 490/1 | €1,573 | - | -€1,573 | |
| Total equity and liabilities | 10/49 | €1,719,177 | €1,883,544 | +€164,367 | +9.6% |
| Equity | 10/15 | €271,729 | €301,270 | +€29,541 | +10.9% |
| Contributions | 10/11 | €18,592 | €18,592 | -€0 | 0.0% |
| Contributions outside capital | 11 | - | €18,592 | +€18,592 | |
| Other | 1109/19 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €251,278 | €280,819 | +€29,541 | +11.8% |
| Amounts payable | 17/49 | €1,447,448 | €1,582,274 | +€134,826 | +9.3% |
| Amounts payable within one year | 42/48 | €735,627 | €963,089 | +€227,462 | +30.9% |
| Taxes, remuneration and social security | 45 | €4,879 | €9,250 | +€4,371 | +89.6% |
| Taxes | 450/3 | €4,879 | €9,250 | +€4,371 | +89.6% |
| Other amounts payable | 47/48 | €730,748 | €953,839 | +€223,092 | +30.5% |
| Accrued charges and deferred income | 492/3 | €711,821 | €619,185 | -€92,636 | -13.0% |
| Gross operating margin | 9900 | -€56,686 | €33,960 | +€90,646 | |
| Operating profit (loss) | 9901 | -€56,686 | €33,960 | +€90,646 | |
| Financial income | 75/76B | €63,324 | - | -€63,324 | |
| Recurring financial income | 75 | €860 | - | -€860 | |
| Non-recurring financial income | 76B | €62,464 | - | -€62,464 | |
| Financial charges | 65/66B | -€4,040 | €47 | +€4,087 | |
| Recurring financial charges | 65 | -€4,040 | €47 | +€4,087 | |
| Profit (loss) for the period before taxes | 9903 | €10,678 | €33,913 | +€23,235 | +217.6% |
| Income taxes | 67/77 | -€6,912 | €4,372 | +€11,284 | |
| Profit (loss) for the period | 9904 | €17,590 | €29,541 | +€11,951 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,590 | €29,541 | +€11,951 | +67.9% |
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 9 October 2026 via checked.be.