MANAYA: 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.
MANAYA
Largest movements
- Deferred charges and accrued income +€19,472
up €19,472 (+55873.6%), from €35 to €19,507
- Cash -€6,998
down €6,998 (-72.8%), from €9,615 to €2,617
mainly Deferred charges and accrued income (-€19,472) and Other debts (-€3,640)
- Stocks and contracts +€2,698
up €2,698 (+5.9%), from €45,840 to €48,538
- Receivables within one year +€2,128
up €2,128 (+27.8%), from €7,662 to €9,790
- Trade debts +€18,082
up €18,082 (+127.9%), from €14,140 to €32,222
- Other debts -€3,640
down €3,640 (-14.3%), from €25,401 to €21,762
- Advances received +€1,884
new in 2025: €1,884
- Profit (loss) carried forward +€866
up €866 (+6.1%), from -€14,218 to -€13,353
- Depreciation -€2,710
no longer reported in 2025 (was €2,710)
- Other operating charges -€2,656
down €2,656 (-72.2%), from €3,680 to €1,024
- Staff costs -€2,637
down €2,637 (-12.1%), from €21,740 to €19,103
- Gross operating margin +€1,906
up €1,906 (+9.8%), from €19,544 to €21,450
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 | €64,256 | €81,555 | +€17,300 | +26.9% |
| Fixed assets | 21/28 | €1,103 | €1,103 | = | 0.0% |
| Financial fixed assets | 28 | €1,103 | €1,103 | = | 0.0% |
| Current assets | 29/58 | €63,152 | €80,452 | +€17,300 | +27.4% |
| Stocks and contracts in progress | 3 | €45,840 | €48,538 | +€2,698 | +5.9% |
| Stocks | 30/36 | €45,840 | €48,538 | +€2,698 | +5.9% |
| Amounts receivable within one year | 40/41 | €7,662 | €9,790 | +€2,128 | +27.8% |
| Trade receivables | 40 | €7,662 | €9,790 | +€2,128 | +27.8% |
| Cash at bank and in hand | 54/58 | €9,615 | €2,617 | -€6,998 | -72.8% |
| Deferred charges and accrued income | 490/1 | €35 | €19,507 | +€19,472 | +55873.6% |
| Total equity and liabilities | 10/49 | €64,256 | €81,555 | +€17,300 | +26.9% |
| Equity | 10/15 | €15,782 | €16,647 | +€866 | +5.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,218 | -€13,353 | +€866 | +6.1% |
| Amounts payable | 17/49 | €48,474 | €64,908 | +€16,434 | +33.9% |
| Amounts payable within one year | 42/48 | €48,474 | €64,908 | +€16,434 | +33.9% |
| Trade debts | 44 | €14,140 | €32,222 | +€18,082 | +127.9% |
| Suppliers | 440/4 | €14,140 | €32,222 | +€18,082 | +127.9% |
| Advances received on contracts in progress | 46 | - | €1,884 | +€1,884 | |
| Taxes, remuneration and social security | 45 | €8,932 | €9,041 | +€109 | +1.2% |
| Taxes | 450/3 | €6,743 | €6,392 | -€350 | -5.2% |
| Remuneration and social security | 454/9 | €2,190 | €2,648 | +€459 | +20.9% |
| Other amounts payable | 47/48 | €25,401 | €21,762 | -€3,640 | -14.3% |
| Non-recurring operating income | 76A | €2,443 | - | -€2,443 | |
| Remuneration, social security and pensions | 62 | €21,740 | €19,103 | -€2,637 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,710 | - | -€2,710 | |
| Other operating charges | 640/8 | €3,680 | €1,024 | -€2,656 | -72.2% |
| Gross operating margin | 9900 | €19,544 | €21,450 | +€1,906 | +9.8% |
| Operating profit (loss) | 9901 | -€8,586 | €1,323 | +€9,909 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -82.2% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -82.2% |
| Financial charges | 65/66B | €558 | €457 | -€101 | -18.1% |
| Recurring financial charges | 65 | €558 | €457 | -€101 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,142 | €866 | +€10,008 | |
| Profit (loss) for the period | 9904 | -€9,142 | €866 | +€10,008 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,142 | €866 | +€10,008 |
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.