MANCLA: 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.
MANCLA
Largest movements
- Current investments +€1.5m
new in 2025: €1.5m
- Cash +€291,206
up €291,206 (+2700.5%), from €10,783 to €301,989
mainly Debts after one year (+€1.8m) and Other debts (+€71,222)
- Tangible fixed assets +€41,869
up €41,869 (+4.8%), from €875,060 to €916,929
of which Assets under construction and advance payments: +€41,869
- Debts after one year +€1.8m
up €1.8m (+240.0%), from €750,000 to €2.6m
- Other debts +€71,222
up €71,222 (+102.0%), from €69,853 to €141,074
- Profit (loss) carried forward -€33,248
down €33,248 (-140.0%), from -€23,743 to -€56,991
- Gross operating margin -€4,745
down €4,745 (-25.4%), from -€18,672 to -€23,417
- Financial charges +€3,558
up €3,558 (+96.4%), from €3,691 to €7,249
- Other operating charges +€623
up €623 (+69.5%), from €895 to €1,518
- Depreciation +€577
up €577 (+185.9%), from €311 to €888
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 | €887,373 | €2,738,507 | +€1.9m | +208.6% |
| Fixed assets | 21/28 | €876,590 | €936,518 | +€59,928 | +6.8% |
| Intangible fixed assets | 21 | €1,529 | €19,589 | +€18,060 | +1180.8% |
| Tangible fixed assets | 22/27 | €875,060 | €916,929 | +€41,869 | +4.8% |
| Land and buildings | 22 | €627,769 | €627,769 | = | 0.0% |
| Assets under construction and advance payments | 27 | €247,291 | €289,160 | +€41,869 | +16.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €10,783 | €1,801,989 | +€1.8m | +16610.7% |
| Current investments | 50/53 | - | €1,500,000 | +€1.5m | |
| Cash at bank and in hand | 54/58 | €10,783 | €301,989 | +€291,206 | +2700.5% |
| Total equity and liabilities | 10/49 | €887,373 | €2,738,507 | +€1.9m | +208.6% |
| Equity | 10/15 | €64,711 | €31,463 | -€33,248 | -51.4% |
| Contributions | 10/11 | €88,454 | €88,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,743 | -€56,991 | -€33,248 | -140.0% |
| Amounts payable | 17/49 | €822,662 | €2,707,044 | +€1.9m | +229.1% |
| Amounts payable after more than one year | 17 | €750,000 | €2,550,000 | +€1.8m | +240.0% |
| Other amounts payable | 178/9 | €750,000 | €2,550,000 | +€1.8m | +240.0% |
| Amounts payable within one year | 42/48 | €72,662 | €157,044 | +€84,382 | +116.1% |
| Trade debts | 44 | €1,409 | €14,245 | +€12,836 | +910.8% |
| Suppliers | 440/4 | €1,409 | €14,245 | +€12,836 | +910.8% |
| Taxes, remuneration and social security | 45 | €1,400 | €1,725 | +€325 | +23.2% |
| Taxes | 450/3 | €1,400 | €1,725 | +€325 | +23.2% |
| Other amounts payable | 47/48 | €69,853 | €141,074 | +€71,222 | +102.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €311 | €888 | +€577 | +185.9% |
| Other operating charges | 640/8 | €895 | €1,518 | +€623 | +69.5% |
| Gross operating margin | 9900 | -€18,672 | -€23,417 | -€4,745 | -25.4% |
| Operating profit (loss) | 9901 | -€19,878 | -€25,823 | -€5,945 | -29.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,691 | €7,249 | +€3,558 | +96.4% |
| Recurring financial charges | 65 | €3,691 | €7,249 | +€3,558 | +96.4% |
| Profit (loss) for the period before taxes | 9903 | -€23,569 | -€33,072 | -€9,503 | -40.3% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€23,743 | -€33,248 | -€9,505 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,743 | -€33,248 | -€9,505 | -40.0% |
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 30 September 2026 via checked.be.