ManCo SWI: what changed
What changed
ManCo SWI
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€8,031
2024 · -€128,999+€137,030
Equity
€2.1m
2024 · €2.1m+€8,031
Cash
€73,787
2024 · €45,320+€28,466
Balance sheet total
€3.2m
2024 · €3.3m-€12,809
Largest movements
Assets
- Tangible fixed assets -€66,462
down €66,462 (-5.0%), from €1.3m to €1.3m
of which Land and buildings: -€57,511
Equity and liabilities
- Trade debts -€83,581
down €83,581 (-78.8%), from €106,086 to €22,504
- Debts after one year +€73,345
up €73,345 (+7.8%), from €934,752 to €1.0m
Income statement
- Gross operating margin +€151,487
up €151,487, from -€23,441 to €128,045
- Depreciation +€7,938
up €7,938 (+12.5%), from €63,618 to €71,556
- Other operating charges +€3,905
up €3,905 (+75.3%), from €5,186 to €9,091
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€128,999
Gross operating margin
+€151,487
Depreciation
-€7,938
Other operating charges
-€3,905
Other operating items
-€3,217
Financial income
+€0
Financial charges
+€578
Taxes
+€25
Result 2025
€8,031
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€27,370
Investment
-€5,094
Financing
+€60,930
Cash 2024
€45,320
From operations (derived)
-€27,370
Net result for the year
+€8,031
Depreciation
+€71,556
Receivables within one year
-€1,208
Deferred charges and accrued income
-€23,980
Trade debts
-€83,581
Tax, wage and social debts
-€464
Other debts
+€2,276
Investment (derived)
-€5,094
Investment in fixed assets (net)
-€5,094
Financing
+€60,930
Debts after one year
+€73,345
Current portion of long-term debt
-€12,415
Cash 2025
€73,787
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,257,759 | €3,244,950 | -€12,809 | -0.4% |
| Fixed assets | 21/28 | €1,316,539 | €1,250,076 | -€66,462 | -5.0% |
| Tangible fixed assets | 22/27 | €1,316,539 | €1,250,076 | -€66,462 | -5.0% |
| Land and buildings | 22 | €1,195,746 | €1,138,235 | -€57,511 | -4.8% |
| Plant, machinery and equipment | 23 | €86,367 | €81,698 | -€4,669 | -5.4% |
| Furniture and vehicles | 24 | €34,426 | €30,143 | -€4,283 | -12.4% |
| Current assets | 29/58 | €1,941,220 | €1,994,874 | +€53,654 | +2.8% |
| Amounts receivable within one year | 40/41 | €1,632,740 | €1,633,948 | +€1,208 | +0.1% |
| Trade receivables | 40 | €136,077 | €70,699 | -€65,378 | -48.0% |
| Other amounts receivable | 41 | €1,496,663 | €1,563,249 | +€66,586 | +4.4% |
| Current investments | 50/53 | €90,000 | €90,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,320 | €73,787 | +€28,466 | +62.8% |
| Deferred charges and accrued income | 490/1 | €173,160 | €197,139 | +€23,980 | +13.8% |
| Total equity and liabilities | 10/49 | €3,257,759 | €3,244,950 | -€12,809 | -0.4% |
| Equity | 10/15 | €2,052,213 | €2,060,244 | +€8,031 | +0.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,832,213 | €1,840,244 | +€8,031 | +0.4% |
| Amounts payable | 17/49 | €1,205,546 | €1,184,707 | -€20,840 | -1.7% |
| Amounts payable after more than one year | 17 | €934,752 | €1,008,096 | +€73,345 | +7.8% |
| Financial debts | 170/4 | €934,752 | €1,008,096 | +€73,345 | +7.8% |
| Amounts payable within one year | 42/48 | €270,794 | €176,610 | -€94,184 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €67,855 | €55,441 | -€12,415 | -18.3% |
| Trade debts | 44 | €106,086 | €22,504 | -€83,581 | -78.8% |
| Suppliers | 440/4 | €106,086 | €22,504 | -€83,581 | -78.8% |
| Taxes, remuneration and social security | 45 | €16,434 | €15,970 | -€464 | -2.8% |
| Taxes | 450/3 | €13,055 | €15,970 | +€2,916 | +22.3% |
| Remuneration and social security | 454/9 | €3,380 | - | -€3,380 | |
| Other amounts payable | 47/48 | €80,419 | €82,695 | +€2,276 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,618 | €71,556 | +€7,938 | +12.5% |
| Other operating charges | 640/8 | €5,186 | €9,091 | +€3,905 | +75.3% |
| Non-recurring operating charges | 66A | - | €3,217 | +€3,217 | |
| Gross operating margin | 9900 | -€23,441 | €128,045 | +€151,487 | |
| Operating profit (loss) | 9901 | -€92,245 | €44,182 | +€136,427 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +600% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +600% |
| Financial charges | 65/66B | €36,539 | €35,961 | -€578 | -1.6% |
| Recurring financial charges | 65 | €36,539 | €35,961 | -€578 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€128,784 | €8,221 | +€137,006 | |
| Income taxes | 67/77 | €215 | €190 | -€25 | -11.5% |
| Profit (loss) for the period | 9904 | -€128,999 | €8,031 | +€137,030 | |
| Profit (loss) for the period to be appropriated | 9905 | -€128,999 | €8,031 | +€137,030 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.