MANATI DIVE: 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.
MANATI DIVE
Largest movements
- Receivables within one year -€20,348
down €20,348 (-72.7%), from €27,985 to €7,637
- Tangible fixed assets -€3,858
down €3,858 (-20.4%), from €18,915 to €15,056
- Stocks and contracts -€2,400
no longer reported in 2025 (was €2,400)
- Deferred charges and accrued income +€2,095
new in 2025: €2,095
- Trade debts -€13,319
down €13,319 (-69.1%), from €19,276 to €5,958
- Profit (loss) carried forward -€12,499
down €12,499, from €12,161 to -€338
- Other debts +€1,747
up €1,747 (+15.2%), from €11,481 to €13,228
- Advances received -€829
down €829 (-30.8%), from €2,689 to €1,860
- Gross operating margin -€14,891
down €14,891, from €11,572 to -€3,319
- Depreciation +€2,646
up €2,646 (+79.1%), from €3,347 to €5,993
- Taxes -€1,714
no longer reported in 2025 (was €1,714)
- Other operating charges +€306
up €306 (+11.8%), from €2,587 to €2,893
- Financial charges +€194
up €194 (+190.0%), from €102 to €296
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 | €50,030 | €25,115 | -€24,915 | -49.8% |
| Fixed assets | 21/28 | €18,915 | €15,056 | -€3,858 | -20.4% |
| Tangible fixed assets | 22/27 | €18,915 | €15,056 | -€3,858 | -20.4% |
| Furniture and vehicles | 24 | €18,915 | €15,056 | -€3,858 | -20.4% |
| Current assets | 29/58 | €31,116 | €10,059 | -€21,057 | -67.7% |
| Stocks and contracts in progress | 3 | €2,400 | - | -€2,400 | |
| Stocks | 30/36 | €2,400 | - | -€2,400 | |
| Amounts receivable within one year | 40/41 | €27,985 | €7,637 | -€20,348 | -72.7% |
| Trade receivables | 40 | €27,985 | €7,637 | -€20,348 | -72.7% |
| Cash at bank and in hand | 54/58 | €731 | €327 | -€403 | -55.2% |
| Deferred charges and accrued income | 490/1 | - | €2,095 | +€2,095 | |
| Total equity and liabilities | 10/49 | €50,030 | €25,115 | -€24,915 | -49.8% |
| Equity | 10/15 | €13,676 | €1,177 | -€12,499 | -91.4% |
| Contributions | 10/11 | €1,515 | €1,515 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,161 | -€338 | -€12,499 | |
| Amounts payable | 17/49 | €36,354 | €23,938 | -€12,416 | -34.2% |
| Amounts payable within one year | 42/48 | €36,354 | €23,938 | -€12,416 | -34.2% |
| Trade debts | 44 | €19,276 | €5,958 | -€13,319 | -69.1% |
| Suppliers | 440/4 | €19,276 | €5,958 | -€13,319 | -69.1% |
| Advances received on contracts in progress | 46 | €2,689 | €1,860 | -€829 | -30.8% |
| Taxes, remuneration and social security | 45 | €2,907 | €2,892 | -€16 | -0.5% |
| Taxes | 450/3 | €2,907 | €2,892 | -€16 | -0.5% |
| Other amounts payable | 47/48 | €11,481 | €13,228 | +€1,747 | +15.2% |
| Remuneration, social security and pensions | 62 | €40 | - | -€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,347 | €5,993 | +€2,646 | +79.1% |
| Other operating charges | 640/8 | €2,587 | €2,893 | +€306 | +11.8% |
| Gross operating margin | 9900 | €11,572 | -€3,319 | -€14,891 | |
| Operating profit (loss) | 9901 | €5,599 | -€12,204 | -€17,804 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €102 | €296 | +€194 | +190.0% |
| Recurring financial charges | 65 | €102 | €296 | +€194 | +190.0% |
| Profit (loss) for the period before taxes | 9903 | €5,497 | -€12,499 | -€17,997 | |
| Income taxes | 67/77 | €1,714 | - | -€1,714 | |
| Profit (loss) for the period | 9904 | €3,784 | -€12,499 | -€16,283 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,784 | -€12,499 | -€16,283 |
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 4 October 2026 via checked.be.