ManCo: 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.
ManCo
Largest movements
- Receivables within one year +€25,495
up €25,495 (+140%), from €18,203 to €43,698
- Current investments +€16,792
new in 2024: €16,792
- Cash +€6,734
up €6,734 (+10.9%), from €61,882 to €68,616
mainly Net result for the year (+€52,232) and Depreciation (+€4,339)
- Receivables after one year +€5,548
up €5,548 (+29.4%), from €18,880 to €24,428
- Tangible fixed assets -€4,339
down €4,339 (-32.7%), from €13,258 to €8,919
of which Furniture and vehicles: -€4,273
- Profit (loss) carried forward +€52,232
up €52,232 (+70.1%), from €74,513 to €126,745
- Tax, wage and social debts -€1,870
down €1,870 (-5.6%), from €33,578 to €31,708
- Gross operating margin +€17,222
up €17,222 (+32.9%), from €52,347 to €69,568
- Taxes +€3,057
up €3,057 (+29.0%), from €10,527 to €13,583
- Financial income +€994
up €994 (+723%), from €138 to €1,132
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,223 | €162,453 | +€50,231 | +44.8% |
| Fixed assets | 21/28 | €13,258 | €8,919 | -€4,339 | -32.7% |
| Tangible fixed assets | 22/27 | €13,258 | €8,919 | -€4,339 | -32.7% |
| Plant, machinery and equipment | 23 | €236 | €170 | -€66 | -27.9% |
| Furniture and vehicles | 24 | €13,022 | €8,749 | -€4,273 | -32.8% |
| Current assets | 29/58 | €98,964 | €153,534 | +€54,570 | +55.1% |
| Amounts receivable after more than one year | 29 | €18,880 | €24,428 | +€5,548 | +29.4% |
| Trade receivables | 290 | €18,880 | €24,428 | +€5,548 | +29.4% |
| Amounts receivable within one year | 40/41 | €18,203 | €43,698 | +€25,495 | +140% |
| Trade receivables | 40 | €18,203 | €43,698 | +€25,495 | +140% |
| Current investments | 50/53 | - | €16,792 | +€16,792 | |
| Cash at bank and in hand | 54/58 | €61,882 | €68,616 | +€6,734 | +10.9% |
| Total equity and liabilities | 10/49 | €112,223 | €162,453 | +€50,231 | +44.8% |
| Equity | 10/15 | €78,513 | €130,745 | +€52,232 | +66.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,513 | €126,745 | +€52,232 | +70.1% |
| Amounts payable | 17/49 | €33,710 | €31,708 | -€2,002 | -5.9% |
| Amounts payable within one year | 42/48 | €33,710 | €31,708 | -€2,002 | -5.9% |
| Trade debts | 44 | €132 | - | -€132 | |
| Suppliers | 440/4 | €132 | - | -€132 | |
| Taxes, remuneration and social security | 45 | €33,578 | €31,708 | -€1,870 | -5.6% |
| Taxes | 450/3 | €33,578 | €31,708 | -€1,870 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,433 | €4,339 | -€94 | -2.1% |
| Other operating charges | 640/8 | - | €271 | +€271 | |
| Gross operating margin | 9900 | €52,347 | €69,568 | +€17,222 | +32.9% |
| Operating profit (loss) | 9901 | €47,914 | €64,958 | +€17,044 | +35.6% |
| Financial income | 75/76B | €138 | €1,132 | +€994 | +723% |
| Recurring financial income | 75 | €138 | €1,132 | +€994 | +723% |
| Financial charges | 65/66B | €44 | €274 | +€230 | +527% |
| Recurring financial charges | 65 | €44 | €274 | +€230 | +527% |
| Profit (loss) for the period before taxes | 9903 | €48,008 | €65,816 | +€17,808 | +37.1% |
| Income taxes | 67/77 | €10,527 | €13,583 | +€3,057 | +29.0% |
| Profit (loss) for the period | 9904 | €37,481 | €52,232 | +€14,752 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,481 | €52,232 | +€14,752 | +39.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.