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
- Financial fixed assets +€40,680
up €40,680 (+1.7%), from €2.5m to €2.5m
- Trade debts -€108,761
down €108,761 (-58.7%), from €185,168 to €76,407
- Other debts +€53,061
up €53,061 (+1878.7%), from €2,824 to €55,885
- Profit (loss) carried forward +€45,399
up €45,399, from -€15,210 to €30,189
- Contributions +€39,882
up €39,882 (+1.6%), from €2.5m to €2.5m
- Gross operating margin +€87,384
up €87,384, from -€39,189 to €48,195
- Financial charges +€583
up €583 (+305.5%), from €191 to €774
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 | €2,635,943 | €2,662,156 | +€26,213 | +1.0% |
| Formation expenses | 20 | €1,338 | €569 | -€769 | -57.5% |
| Fixed assets | 21/28 | €2,459,797 | €2,500,477 | +€40,680 | +1.7% |
| Financial fixed assets | 28 | €2,459,797 | €2,500,477 | +€40,680 | +1.7% |
| Current assets | 29/58 | €174,808 | €161,110 | -€13,698 | -7.8% |
| Amounts receivable within one year | 40/41 | €102,014 | €81,754 | -€20,260 | -19.9% |
| Trade receivables | 40 | €97,357 | €6,504 | -€90,853 | -93.3% |
| Other amounts receivable | 41 | €4,658 | €75,250 | +€70,592 | +1515.6% |
| Cash at bank and in hand | 54/58 | €4,325 | €276 | -€4,049 | -93.6% |
| Deferred charges and accrued income | 490/1 | €68,469 | €79,080 | +€10,611 | +15.5% |
| Total equity and liabilities | 10/49 | €2,635,943 | €2,662,156 | +€26,213 | +1.0% |
| Equity | 10/15 | €2,444,582 | €2,529,864 | +€85,282 | +3.5% |
| Contributions | 10/11 | €2,459,792 | €2,499,675 | +€39,882 | +1.6% |
| Profit (loss) carried forward | 14 | -€15,210 | €30,189 | +€45,399 | |
| Amounts payable | 17/49 | €191,361 | €132,292 | -€59,069 | -30.9% |
| Amounts payable within one year | 42/48 | €191,346 | €132,292 | -€59,054 | -30.9% |
| Trade debts | 44 | €185,168 | €76,407 | -€108,761 | -58.7% |
| Suppliers | 440/4 | €185,168 | €76,407 | -€108,761 | -58.7% |
| Taxes, remuneration and social security | 45 | €3,354 | €0 | -€3,354 | -100.0% |
| Taxes | 450/3 | €3,354 | €0 | -€3,354 | -100.0% |
| Other amounts payable | 47/48 | €2,824 | €55,885 | +€53,061 | +1878.7% |
| Accrued charges and deferred income | 492/3 | €15 | €0 | -€15 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €769 | €769 | = | 0.0% |
| Other operating charges | 640/8 | €1,218 | €1,253 | +€35 | +2.8% |
| Gross operating margin | 9900 | -€39,189 | €48,195 | +€87,384 | |
| Operating profit (loss) | 9901 | -€41,176 | €46,173 | +€87,350 | |
| Financial charges | 65/66B | €191 | €774 | +€583 | +305.5% |
| Recurring financial charges | 65 | €191 | €774 | +€583 | +305.5% |
| Profit (loss) for the period before taxes | 9903 | -€41,367 | €45,399 | +€86,766 | |
| Profit (loss) for the period | 9904 | -€41,367 | €45,399 | +€86,766 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,367 | €45,399 | +€86,766 |
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 5 October 2026 via checked.be.