Mancino: 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.
Mancino
Largest movements
- Cash +€29,362
up €29,362 (+64.8%), from €45,345 to €74,707
mainly Total equity and liabilities (+€15,512) and Net result for the year (+€12,444)
- Stocks and contracts -€9,609
down €9,609 (-78.2%), from €12,287 to €2,677
- Tangible fixed assets +€6,272
up €6,272 (+88.7%), from €7,072 to €13,344
of which Plant, machinery and equipment: +€4,089
- Receivables within one year -€4,841
down €4,841 (-80.9%), from €5,982 to €1,141
of which Trade receivables: -€5,893
- Intangible fixed assets -€4,400
down €4,400 (-23.3%), from €18,898 to €14,498
- Total equity and liabilities +€15,512
up €15,512 (+15.6%), from €99,403 to €114,915
of which Equity: +€13,319
- Gross operating margin +€55,217
up €55,217 (+70.4%), from €78,479 to €133,695
- Staff costs +€45,864
up €45,864 (+77.4%), from €59,235 to €105,099
- Depreciation +€3,489
up €3,489 (+100.1%), from €3,486 to €6,975
- Financial income -€2,715
down €2,715 (-99.3%), from €2,733 to €18
- Financial charges +€2,103
up €2,103 (+53.0%), from €3,972 to €6,076
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 | €99,403 | €114,915 | +€15,512 | +15.6% |
| Formation expenses | 20 | €974 | €974 | = | 0.0% |
| Fixed assets | 21/28 | €33,545 | €35,416 | +€1,872 | +5.6% |
| Intangible fixed assets | 21 | €18,898 | €14,498 | -€4,400 | -23.3% |
| Tangible fixed assets | 22/27 | €7,072 | €13,344 | +€6,272 | +88.7% |
| Plant, machinery and equipment | 23 | €6,292 | €10,381 | +€4,089 | +65.0% |
| Furniture and vehicles | 24 | €780 | €2,963 | +€2,183 | +279.7% |
| Financial fixed assets | 28 | €7,574 | €7,574 | = | 0.0% |
| Current assets | 29/58 | €64,884 | €78,524 | +€13,640 | +21.0% |
| Stocks and contracts in progress | 3 | €12,287 | €2,677 | -€9,609 | -78.2% |
| Stocks | 30/36 | €12,287 | €2,677 | -€9,609 | -78.2% |
| Amounts receivable within one year | 40/41 | €5,982 | €1,141 | -€4,841 | -80.9% |
| Trade receivables | 40 | €5,968 | €76 | -€5,893 | -98.7% |
| Other amounts receivable | 41 | €14 | €1,065 | +€1,051 | +7563.0% |
| Cash at bank and in hand | 54/58 | €45,345 | €74,707 | +€29,362 | +64.8% |
| Deferred charges and accrued income | 490/1 | €1,270 | - | -€1,270 | |
| Total equity and liabilities | 10/49 | €99,403 | €114,915 | +€15,512 | +15.6% |
| Equity | 10/15 | €16,910 | €30,229 | +€13,319 | +78.8% |
| Contributions | 10/11 | €5,300 | €5,300 | = | 0.0% |
| Reserves | 13 | €530 | €530 | = | 0.0% |
| Non-distributable reserves | 130/1 | €530 | €530 | = | 0.0% |
| Reserves not available under the articles | 1311 | €530 | €530 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,610 | €17,397 | +€5,787 | +49.8% |
| Investment grants | 15 | - | €7,002 | +€7,002 | |
| Amounts payable | 17/49 | €88,620 | €84,686 | -€3,934 | -4.4% |
| Amounts payable after more than one year | 17 | €37,875 | €28,231 | -€9,644 | -25.5% |
| Financial debts | 170/4 | €37,875 | €28,231 | -€9,644 | -25.5% |
| Amounts payable within one year | 42/48 | €43,064 | €46,902 | +€3,838 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €11,717 | €9,644 | -€2,072 | -17.7% |
| Trade debts | 44 | €5,984 | €6,034 | +€50 | +0.8% |
| Suppliers | 440/4 | €5,984 | €6,034 | +€50 | +0.8% |
| Advances received on contracts in progress | 46 | €5,118 | €525 | -€4,593 | -89.7% |
| Taxes, remuneration and social security | 45 | €17,383 | €23,057 | +€5,673 | +32.6% |
| Taxes | 450/3 | €7,158 | €9,373 | +€2,216 | +31.0% |
| Remuneration and social security | 454/9 | €10,961 | €13,683 | +€2,722 | +24.8% |
| Other amounts payable | 47/48 | €5,797 | €7,642 | +€1,845 | +31.8% |
| Accrued charges and deferred income | 492/3 | €7,681 | €9,553 | +€1,873 | +24.4% |
| Remuneration, social security and pensions | 62 | €59,235 | €105,099 | +€45,864 | +77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,486 | €6,975 | +€3,489 | +100.1% |
| Other operating charges | 640/8 | €98 | - | -€98 | |
| Gross operating margin | 9900 | €78,479 | €133,695 | +€55,217 | +70.4% |
| Operating profit (loss) | 9901 | €15,660 | €21,621 | +€5,961 | +38.1% |
| Financial income | 75/76B | €2,733 | €18 | -€2,715 | -99.3% |
| Recurring financial income | 75 | €2,733 | €18 | -€2,715 | -99.3% |
| Financial charges | 65/66B | €3,972 | €6,076 | +€2,103 | +53.0% |
| Recurring financial charges | 65 | €3,972 | €6,076 | +€2,103 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €14,421 | €15,563 | +€1,142 | +7.9% |
| Income taxes | 67/77 | €2,811 | €3,119 | +€308 | +10.9% |
| Profit (loss) for the period | 9904 | €11,610 | €12,444 | +€834 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,610 | €12,444 | +€834 | +7.2% |
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 9 October 2026 via checked.be.