MANAWALL: 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.
MANAWALL
Largest movements
- Deferred charges and accrued income +€22,794
up €22,794 (+1005.9%), from €2,266 to €25,060
- Cash -€13,898
down €13,898 (-58.2%), from €23,897 to €9,999
mainly Deferred charges and accrued income (-€22,794) and Debts after one year (-€12,320)
- Receivables within one year -€7,374
down €7,374 (-17.4%), from €42,486 to €35,112
of which Trade receivables: -€18,729
- Other debts +€19,265
up €19,265 (+3587.5%), from €537 to €19,802
- Debts after one year -€12,320
down €12,320 (-24.2%), from €50,850 to €38,530
- Profit (loss) carried forward -€5,974
down €5,974 (-4.0%), from €148,679 to €142,705
- Gross operating margin -€50,728
down €50,728 (-69.8%), from €72,673 to €21,945
- Taxes -€10,199
down €10,199 (-76.8%), from €13,276 to €3,077
- Other operating charges +€921
up €921 (+59.1%), from €1,558 to €2,479
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 | €240,093 | €241,615 | +€1,522 | +0.6% |
| Fixed assets | 21/28 | €171,444 | €171,444 | = | 0.0% |
| Financial fixed assets | 28 | €171,444 | €171,444 | = | 0.0% |
| Current assets | 29/58 | €68,649 | €70,171 | +€1,522 | +2.2% |
| Amounts receivable within one year | 40/41 | €42,486 | €35,112 | -€7,374 | -17.4% |
| Trade receivables | 40 | €30,452 | €11,723 | -€18,729 | -61.5% |
| Other amounts receivable | 41 | €12,034 | €23,389 | +€11,355 | +94.4% |
| Cash at bank and in hand | 54/58 | €23,897 | €9,999 | -€13,898 | -58.2% |
| Deferred charges and accrued income | 490/1 | €2,266 | €25,060 | +€22,794 | +1005.9% |
| Total equity and liabilities | 10/49 | €240,093 | €241,615 | +€1,522 | +0.6% |
| Equity | 10/15 | €153,679 | €147,705 | -€5,974 | -3.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,679 | €142,705 | -€5,974 | -4.0% |
| Amounts payable | 17/49 | €86,414 | €93,910 | +€7,496 | +8.7% |
| Amounts payable after more than one year | 17 | €50,850 | €38,530 | -€12,320 | -24.2% |
| Financial debts | 170/4 | €50,850 | €38,530 | -€12,320 | -24.2% |
| Amounts payable within one year | 42/48 | €34,636 | €54,236 | +€19,600 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €20,456 | €20,811 | +€355 | +1.7% |
| Trade debts | 44 | €5,271 | €4,928 | -€343 | -6.5% |
| Suppliers | 440/4 | €5,271 | €4,928 | -€343 | -6.5% |
| Taxes, remuneration and social security | 45 | €8,372 | €8,695 | +€323 | +3.9% |
| Taxes | 450/3 | €8,372 | €8,695 | +€323 | +3.9% |
| Other amounts payable | 47/48 | €537 | €19,802 | +€19,265 | +3587.5% |
| Accrued charges and deferred income | 492/3 | €928 | €1,144 | +€216 | +23.3% |
| Remuneration, social security and pensions | 62 | €17,160 | €16,993 | -€167 | -1.0% |
| Other operating charges | 640/8 | €1,558 | €2,479 | +€921 | +59.1% |
| Gross operating margin | 9900 | €72,673 | €21,945 | -€50,728 | -69.8% |
| Operating profit (loss) | 9901 | €53,955 | €2,473 | -€51,482 | -95.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,845 | €5,371 | -€474 | -8.1% |
| Recurring financial charges | 65 | €5,845 | €5,371 | -€474 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €48,110 | -€2,897 | -€51,007 | |
| Income taxes | 67/77 | €13,276 | €3,077 | -€10,199 | -76.8% |
| Profit (loss) for the period | 9904 | €34,834 | -€5,974 | -€40,808 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,834 | -€5,974 | -€40,808 |
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 6 October 2026 via checked.be.