Manava Consulting: 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.
Manava Consulting
Largest movements
- Cash -€1,672
down €1,672 (-8.7%), from €19,222 to €17,550
mainly Current portion of long-term debt (-€3,799) and Investment in fixed assets (net) (-€3,252)
- Tangible fixed assets -€585
down €585 (-4.0%), from €14,543 to €13,958
of which Furniture and vehicles: -€2,955
- Trade debts +€4,818
up €4,818 (+186%), from €2,597 to €7,415
- Current portion of long-term debt -€3,799
down €3,799 (-79.5%), from €4,781 to €982
- Profit (loss) carried forward -€2,508
down €2,508 (-8.1%), from €30,897 to €28,389
- Tax, wage and social debts -€909
down €909 (-6.1%), from €14,827 to €13,918
of which Remuneration and social security: -€2,717
- Gross operating margin -€35,778
down €35,778 (-88.9%), from €40,259 to €4,481
- Taxes -€7,308
down €7,308 (-88.4%), from €8,262 to €954
- Depreciation +€2,697
up €2,697 (+237%), from €1,140 to €3,837
- Other operating charges +€2,141
new in 2025: €2,141
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 | €54,102 | €51,703 | -€2,399 | -4.4% |
| Fixed assets | 21/28 | €14,543 | €13,958 | -€585 | -4.0% |
| Tangible fixed assets | 22/27 | €14,543 | €13,958 | -€585 | -4.0% |
| Plant, machinery and equipment | 23 | €713 | €3,083 | +€2,370 | +332% |
| Furniture and vehicles | 24 | €13,830 | €10,875 | -€2,955 | -21.4% |
| Current assets | 29/58 | €39,559 | €37,745 | -€1,814 | -4.6% |
| Amounts receivable within one year | 40/41 | €20,337 | €20,171 | -€166 | -0.8% |
| Trade receivables | 40 | €12,753 | €17,771 | +€5,018 | +39.3% |
| Other amounts receivable | 41 | €7,584 | €2,400 | -€5,184 | -68.4% |
| Current investments | 50/53 | - | €25 | +€25 | |
| Cash at bank and in hand | 54/58 | €19,222 | €17,550 | -€1,672 | -8.7% |
| Total equity and liabilities | 10/49 | €54,102 | €51,703 | -€2,399 | -4.4% |
| Equity | 10/15 | €31,897 | €29,389 | -€2,508 | -7.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | - | €1,000 | +€1,000 | |
| Issued capital | 100 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €30,897 | €28,389 | -€2,508 | -8.1% |
| Amounts payable | 17/49 | €22,205 | €22,314 | +€109 | +0.5% |
| Amounts payable within one year | 42/48 | €22,205 | €22,314 | +€109 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €4,781 | €982 | -€3,799 | -79.5% |
| Trade debts | 44 | €2,597 | €7,415 | +€4,818 | +186% |
| Suppliers | 440/4 | €2,597 | €7,415 | +€4,818 | +186% |
| Taxes, remuneration and social security | 45 | €14,827 | €13,918 | -€909 | -6.1% |
| Taxes | 450/3 | €9,188 | €10,996 | +€1,808 | +19.7% |
| Remuneration and social security | 454/9 | €5,639 | €2,922 | -€2,717 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,140 | €3,837 | +€2,697 | +237% |
| Other operating charges | 640/8 | - | €2,141 | +€2,141 | |
| Gross operating margin | 9900 | €40,259 | €4,481 | -€35,778 | -88.9% |
| Operating profit (loss) | 9901 | €39,119 | -€1,497 | -€40,616 | |
| Financial income | 75/76B | €446 | €120 | -€326 | -73.0% |
| Recurring financial income | 75 | €446 | €120 | -€326 | -73.0% |
| Financial charges | 65/66B | €406 | €177 | -€229 | -56.3% |
| Recurring financial charges | 65 | €406 | €177 | -€229 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €39,159 | -€1,554 | -€40,713 | |
| Income taxes | 67/77 | €8,262 | €954 | -€7,308 | -88.4% |
| Profit (loss) for the period | 9904 | €30,897 | -€2,508 | -€33,405 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,897 | -€2,508 | -€33,405 |
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 15 October 2026 via checked.be.