MANCOM: 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.
MANCOM
Largest movements
- Cash +€216,732
up €216,732 (+27.1%), from €800,460 to €1.0m
mainly Net result for the year (+€390,885) and Depreciation (+€62,844)
- Current investments +€161,499
up €161,499 (+19.1%), from €845,923 to €1.0m
- Tangible fixed assets -€62,942
down €62,942 (-5.6%), from €1.1m to €1.1m
of which Land and buildings: -€43,056
- Reserves +€390,885
up €390,885 (+9.3%), from €4.2m to €4.6m
of which Distributable reserves: +€236,042
- Other debts -€143,743
down €143,743 (-61.6%), from €233,209 to €89,466
- Tax, wage and social debts +€55,619
up €55,619 (+142.4%), from €39,066 to €94,685
of which Taxes: +€55,154
- Gross operating margin +€129,489
up €129,489 (+35.2%), from €367,965 to €497,454
- Financial income +€73,669
up €73,669 (+94.1%), from €78,249 to €151,919
- Taxes +€27,814
up €27,814 (+50.7%), from €54,809 to €82,623
- Depreciation +€17,708
up €17,708 (+39.2%), from €45,135 to €62,844
- Financial charges -€7,617
down €7,617 (-44.8%), from €17,001 to €9,384
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 | €4,516,593 | €4,820,378 | +€303,785 | +6.7% |
| Fixed assets | 21/28 | €2,849,981 | €2,787,039 | -€62,942 | -2.2% |
| Tangible fixed assets | 22/27 | €1,130,479 | €1,067,537 | -€62,942 | -5.6% |
| Land and buildings | 22 | €1,026,602 | €983,546 | -€43,056 | -4.2% |
| Plant, machinery and equipment | 23 | €10,032 | €9,121 | -€911 | -9.1% |
| Furniture and vehicles | 24 | €93,845 | €74,869 | -€18,975 | -20.2% |
| Financial fixed assets | 28 | €1,719,502 | €1,719,502 | = | 0.0% |
| Current assets | 29/58 | €1,666,611 | €2,033,339 | +€366,727 | +22.0% |
| Amounts receivable within one year | 40/41 | €13,002 | €3,652 | -€9,350 | -71.9% |
| Trade receivables | 40 | €1,396 | €3,652 | +€2,256 | +161.5% |
| Other amounts receivable | 41 | €11,606 | - | -€11,606 | |
| Current investments | 50/53 | €845,923 | €1,007,422 | +€161,499 | +19.1% |
| Cash at bank and in hand | 54/58 | €800,460 | €1,017,192 | +€216,732 | +27.1% |
| Deferred charges and accrued income | 490/1 | €7,227 | €5,073 | -€2,154 | -29.8% |
| Total equity and liabilities | 10/49 | €4,516,593 | €4,820,378 | +€303,785 | +6.7% |
| Equity | 10/15 | €4,227,161 | €4,618,046 | +€390,885 | +9.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €4,202,161 | €4,593,046 | +€390,885 | +9.3% |
| Tax-exempt reserves | 132 | €913,575 | €1,068,418 | +€154,843 | +16.9% |
| Distributable reserves | 133 | €3,288,586 | €3,524,627 | +€236,042 | +7.2% |
| Provisions and deferred taxes | 16 | €9,758 | €8,197 | -€1,561 | -16.0% |
| Deferred taxes | 168 | €9,758 | €8,197 | -€1,561 | -16.0% |
| Amounts payable | 17/49 | €279,674 | €194,136 | -€85,538 | -30.6% |
| Amounts payable within one year | 42/48 | €277,774 | €194,136 | -€83,639 | -30.1% |
| Trade debts | 44 | €5,500 | €9,985 | +€4,485 | +81.5% |
| Suppliers | 440/4 | €5,500 | €9,985 | +€4,485 | +81.5% |
| Taxes, remuneration and social security | 45 | €39,066 | €94,685 | +€55,619 | +142.4% |
| Taxes | 450/3 | €22,423 | €77,576 | +€55,154 | +246.0% |
| Remuneration and social security | 454/9 | €16,643 | €17,109 | +€466 | +2.8% |
| Other amounts payable | 47/48 | €233,209 | €89,466 | -€143,743 | -61.6% |
| Accrued charges and deferred income | 492/3 | €1,899 | - | -€1,899 | |
| Remuneration, social security and pensions | 62 | €95,680 | €97,641 | +€1,961 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,135 | €62,844 | +€17,708 | +39.2% |
| Other operating charges | 640/8 | €6,125 | €7,362 | +€1,237 | +20.2% |
| Non-recurring operating charges | 66A | - | €195 | +€195 | |
| Gross operating margin | 9900 | €367,965 | €497,454 | +€129,489 | +35.2% |
| Operating profit (loss) | 9901 | €221,025 | €329,411 | +€108,387 | +49.0% |
| Financial income | 75/76B | €78,249 | €151,919 | +€73,669 | +94.1% |
| Recurring financial income | 75 | €78,249 | €151,919 | +€73,669 | +94.1% |
| Financial charges | 65/66B | €17,001 | €9,384 | -€7,617 | -44.8% |
| Recurring financial charges | 65 | €17,001 | €9,384 | -€7,617 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €282,274 | €471,946 | +€189,673 | +67.2% |
| Transfer from deferred taxes | 780 | €1,561 | €1,561 | = | 0.0% |
| Income taxes | 67/77 | €54,809 | €82,623 | +€27,814 | +50.7% |
| Profit (loss) for the period | 9904 | €229,026 | €390,885 | +€161,858 | +70.7% |
| Transfer from tax-exempt reserves | 789 | €92,032 | €3,032 | -€89,000 | -96.7% |
| Transfer to tax-exempt reserves | 689 | €115,775 | €157,875 | +€42,100 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €205,283 | €236,042 | +€30,758 | +15.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.