MANCOL: 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.
MANCOL
Largest movements
- Tangible fixed assets -€26,515
down €26,515 (-7.4%), from €358,070 to €331,556
- Debts after one year -€23,022
down €23,022 (-7.6%), from €302,133 to €279,111
of which Financial debts: -€22,822
- Gross operating margin +€9,029
up €9,029 (+20.6%), from €43,769 to €52,799
- Taxes +€2,230
up €2,230 (+93.4%), from €2,386 to €4,616
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 | €363,144 | €335,452 | -€27,692 | -7.6% |
| Fixed assets | 21/28 | €358,070 | €331,556 | -€26,515 | -7.4% |
| Tangible fixed assets | 22/27 | €358,070 | €331,556 | -€26,515 | -7.4% |
| Land and buildings | 22 | €358,070 | €331,556 | -€26,515 | -7.4% |
| Current assets | 29/58 | €5,073 | €3,896 | -€1,178 | -23.2% |
| Amounts receivable within one year | 40/41 | €4,040 | €2,998 | -€1,042 | -25.8% |
| Other amounts receivable | 41 | €4,040 | €2,998 | -€1,042 | -25.8% |
| Cash at bank and in hand | 54/58 | €779 | €507 | -€272 | -35.0% |
| Deferred charges and accrued income | 490/1 | €254 | €391 | +€137 | +54.1% |
| Total equity and liabilities | 10/49 | €363,144 | €335,452 | -€27,692 | -7.6% |
| Equity | 10/15 | €9,414 | €9,414 | = | 0.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Capital | 10 | €6,000 | €6,000 | = | 0.0% |
| Issued capital | 100 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €3,414 | €3,414 | = | 0.0% |
| Distributable reserves | 133 | €3,414 | €3,414 | = | 0.0% |
| Amounts payable | 17/49 | €353,730 | €326,038 | -€27,692 | -7.8% |
| Amounts payable after more than one year | 17 | €302,133 | €279,111 | -€23,022 | -7.6% |
| Financial debts | 170/4 | €301,083 | €278,261 | -€22,822 | -7.6% |
| Other amounts payable | 178/9 | €1,050 | €850 | -€200 | -19.0% |
| Amounts payable within one year | 42/48 | €49,627 | €46,467 | -€3,160 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €26,091 | €22,822 | -€3,269 | -12.5% |
| Trade debts | 44 | €2,272 | €560 | -€1,712 | -75.3% |
| Suppliers | 440/4 | €2,272 | €560 | -€1,712 | -75.3% |
| Other amounts payable | 47/48 | €21,264 | €23,084 | +€1,820 | +8.6% |
| Accrued charges and deferred income | 492/3 | €1,970 | €460 | -€1,510 | -76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,315 | €26,515 | +€200 | +0.8% |
| Other operating charges | 640/8 | €3,333 | €3,678 | +€345 | +10.4% |
| Gross operating margin | 9900 | €43,769 | €52,799 | +€9,029 | +20.6% |
| Operating profit (loss) | 9901 | €14,122 | €22,606 | +€8,484 | +60.1% |
| Financial charges | 65/66B | €4,775 | €4,423 | -€353 | -7.4% |
| Recurring financial charges | 65 | €4,775 | €4,423 | -€353 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €9,347 | €18,184 | +€8,836 | +94.5% |
| Income taxes | 67/77 | €2,386 | €4,616 | +€2,230 | +93.4% |
| Profit (loss) for the period | 9904 | €6,961 | €13,568 | +€6,607 | +94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,961 | €13,568 | +€6,607 | +94.9% |
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 6 October 2026 via checked.be.