Manaut: 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.
Manaut
Largest movements
- Current investments +€40,000
up €40,000 (+50.0%), from €80,000 to €120,000
- Cash +€15,788
up €15,788 (+15.6%), from €100,994 to €116,782
mainly Net result for the year (+€57,349) and Depreciation (+€13,721)
- Tangible fixed assets -€12,177
down €12,177 (-19.6%), from €62,280 to €50,104
of which Furniture and vehicles: -€9,012
- Reserves +€43,314
up €43,314 (+22.3%), from €194,358 to €237,672
- Gross operating margin +€7,660
up €7,660 (+8.6%), from €88,653 to €96,313
- Taxes +€2,748
up €2,748 (+13.8%), from €19,842 to €22,590
- Financial charges -€1,630
down €1,630 (-26.6%), from €6,134 to €4,504
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 | €261,887 | €306,292 | +€44,405 | +17.0% |
| Fixed assets | 21/28 | €62,280 | €50,104 | -€12,177 | -19.6% |
| Tangible fixed assets | 22/27 | €62,280 | €50,104 | -€12,177 | -19.6% |
| Furniture and vehicles | 24 | €29,525 | €20,513 | -€9,012 | -30.5% |
| Other tangible fixed assets | 26 | €32,755 | €29,591 | -€3,164 | -9.7% |
| Current assets | 29/58 | €199,606 | €256,188 | +€56,582 | +28.3% |
| Amounts receivable within one year | 40/41 | €15,685 | €13,956 | -€1,729 | -11.0% |
| Trade receivables | 40 | €12,200 | €13,924 | +€1,723 | +14.1% |
| Other amounts receivable | 41 | €3,485 | €33 | -€3,452 | -99.1% |
| Current investments | 50/53 | €80,000 | €120,000 | +€40,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €100,994 | €116,782 | +€15,788 | +15.6% |
| Deferred charges and accrued income | 490/1 | €2,927 | €5,450 | +€2,523 | +86.2% |
| Total equity and liabilities | 10/49 | €261,887 | €306,292 | +€44,405 | +17.0% |
| Equity | 10/15 | €212,958 | €256,272 | +€43,314 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €194,358 | €237,672 | +€43,314 | +22.3% |
| Distributable reserves | 133 | €194,358 | €237,672 | +€43,314 | +22.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €48,928 | €50,020 | +€1,092 | +2.2% |
| Amounts payable within one year | 42/48 | €46,832 | €48,123 | +€1,292 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,165 | €931 | -€1,233 | -57.0% |
| Suppliers | 440/4 | €2,165 | €931 | -€1,233 | -57.0% |
| Advances received on contracts in progress | 46 | - | €1,755 | +€1,755 | |
| Taxes, remuneration and social security | 45 | €14,909 | €14,162 | -€747 | -5.0% |
| Taxes | 450/3 | €14,909 | €14,162 | -€747 | -5.0% |
| Other amounts payable | 47/48 | €29,758 | €31,275 | +€1,518 | +5.1% |
| Accrued charges and deferred income | 492/3 | €2,097 | €1,897 | -€200 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,716 | €13,721 | +€5 | 0.0% |
| Other operating charges | 640/8 | €300 | €306 | +€7 | +2.3% |
| Gross operating margin | 9900 | €88,653 | €96,313 | +€7,660 | +8.6% |
| Operating profit (loss) | 9901 | €74,637 | €82,286 | +€7,648 | +10.2% |
| Financial income | 75/76B | €1,959 | €2,158 | +€199 | +10.1% |
| Recurring financial income | 75 | €1,959 | €2,158 | +€199 | +10.1% |
| Financial charges | 65/66B | €6,134 | €4,504 | -€1,630 | -26.6% |
| Recurring financial charges | 65 | €6,134 | €4,504 | -€1,630 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €70,463 | €79,939 | +€9,476 | +13.4% |
| Income taxes | 67/77 | €19,842 | €22,590 | +€2,748 | +13.8% |
| Profit (loss) for the period | 9904 | €50,620 | €57,349 | +€6,729 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,620 | €57,349 | +€6,729 | +13.3% |
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 14 October 2026 via checked.be.