MANCHA: 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.
MANCHA
Largest movements
- Tangible fixed assets -€17,125
down €17,125 (-6.5%), from €262,602 to €245,477
of which Land and buildings: -€15,650
- Cash +€5,024
up €5,024 (+43.1%), from €11,662 to €16,686
mainly Net result for the year (+€39,608) and Depreciation (+€19,643)
- Debts after one year -€53,411
down €53,411 (-19.7%), from €271,602 to €218,191
- Profit (loss) carried forward +€39,608
up €39,608 (+55.7%), from -€71,053 to -€31,445
- Gross operating margin +€6,857
up €6,857 (+10.8%), from €63,347 to €70,203
- Financial charges -€1,087
down €1,087 (-11.1%), from €9,775 to €8,688
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 | €279,120 | €264,945 | -€14,174 | -5.1% |
| Fixed assets | 21/28 | €262,602 | €245,477 | -€17,125 | -6.5% |
| Tangible fixed assets | 22/27 | €262,602 | €245,477 | -€17,125 | -6.5% |
| Land and buildings | 22 | €219,426 | €203,775 | -€15,650 | -7.1% |
| Furniture and vehicles | 24 | - | €950 | +€950 | |
| Other tangible fixed assets | 26 | €43,176 | €40,752 | -€2,424 | -5.6% |
| Current assets | 29/58 | €16,517 | €19,468 | +€2,950 | +17.9% |
| Amounts receivable within one year | 40/41 | €4,429 | €2,338 | -€2,091 | -47.2% |
| Trade receivables | 40 | €4,429 | €2,336 | -€2,093 | -47.2% |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €11,662 | €16,686 | +€5,024 | +43.1% |
| Deferred charges and accrued income | 490/1 | €427 | €444 | +€17 | +4.0% |
| Total equity and liabilities | 10/49 | €279,120 | €264,945 | -€14,174 | -5.1% |
| Equity | 10/15 | -€52,503 | -€12,895 | +€39,608 | +75.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,053 | -€31,445 | +€39,608 | +55.7% |
| Amounts payable | 17/49 | €331,623 | €277,840 | -€53,783 | -16.2% |
| Amounts payable after more than one year | 17 | €271,602 | €218,191 | -€53,411 | -19.7% |
| Financial debts | 170/4 | €271,602 | €218,191 | -€53,411 | -19.7% |
| Amounts payable within one year | 42/48 | €53,265 | €54,579 | +€1,314 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €52,295 | €53,411 | +€1,116 | +2.1% |
| Trade debts | 44 | €575 | €192 | -€384 | -66.7% |
| Suppliers | 440/4 | €575 | €192 | -€384 | -66.7% |
| Taxes, remuneration and social security | 45 | €395 | €977 | +€582 | +147.6% |
| Taxes | 450/3 | €395 | €977 | +€582 | +147.6% |
| Accrued charges and deferred income | 492/3 | €6,756 | €5,070 | -€1,686 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,383 | €19,643 | +€260 | +1.3% |
| Other operating charges | 640/8 | €2,201 | €2,264 | +€62 | +2.8% |
| Gross operating margin | 9900 | €63,347 | €70,203 | +€6,857 | +10.8% |
| Operating profit (loss) | 9901 | €41,762 | €48,297 | +€6,534 | +15.6% |
| Financial charges | 65/66B | €9,775 | €8,688 | -€1,087 | -11.1% |
| Recurring financial charges | 65 | €9,775 | €8,688 | -€1,087 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €31,987 | €39,608 | +€7,621 | +23.8% |
| Profit (loss) for the period | 9904 | €31,987 | €39,608 | +€7,621 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,987 | €39,608 | +€7,621 | +23.8% |
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 7 October 2026 via checked.be.