MANCUSO: 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.
MANCUSO
Largest movements
- Cash -€46,064
down €46,064 (-92.7%), from €49,715 to €3,652
mainly Receivables within one year (-€42,487) and Tax, wage and social debts (-€2,944)
- Receivables within one year +€42,487
up €42,487 (+464.6%), from €9,144 to €51,631
of which Other amounts receivable: +€44,747
- Tax, wage and social debts -€2,944
down €2,944 (-100.0%), from €2,944 to €0
- Profit (loss) carried forward -€902
down €902 (-2.3%), from €38,941 to €38,038
- Gross operating margin -€12,553
down €12,553, from €12,353 to -€200
- Taxes -€2,944
no longer reported in 2025 (was €2,944)
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 | €59,259 | €55,282 | -€3,977 | -6.7% |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €59,259 | €55,282 | -€3,977 | -6.7% |
| Amounts receivable within one year | 40/41 | €9,144 | €51,631 | +€42,487 | +464.6% |
| Trade receivables | 40 | €8,307 | €6,046 | -€2,261 | -27.2% |
| Other amounts receivable | 41 | €837 | €45,585 | +€44,747 | +5343.5% |
| Cash at bank and in hand | 54/58 | €49,715 | €3,652 | -€46,064 | -92.7% |
| Deferred charges and accrued income | 490/1 | €400 | €0 | -€400 | -100.0% |
| Total equity and liabilities | 10/49 | €59,259 | €55,282 | -€3,977 | -6.7% |
| Equity | 10/15 | €56,001 | €55,098 | -€902 | -1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,860 | €10,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,941 | €38,038 | -€902 | -2.3% |
| Amounts payable | 17/49 | €3,259 | €184 | -€3,075 | -94.4% |
| Amounts payable within one year | 42/48 | €3,259 | €184 | -€3,075 | -94.4% |
| Trade debts | 44 | €128 | €0 | -€128 | -100.0% |
| Suppliers | 440/4 | €128 | €0 | -€128 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,944 | €0 | -€2,944 | -100.0% |
| Taxes | 450/3 | €2,944 | €0 | -€2,944 | -100.0% |
| Other amounts payable | 47/48 | €186 | €184 | -€2 | -1.1% |
| Turnover | 70 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Other operating charges | 640/8 | €536 | €548 | +€12 | +2.3% |
| Gross operating margin | 9900 | €12,353 | -€200 | -€12,553 | |
| Operating profit (loss) | 9901 | €11,817 | -€749 | -€12,566 | |
| Financial income | 75/76B | €76 | €0 | -€76 | -99.4% |
| Recurring financial income | 75 | €76 | €0 | -€76 | -99.4% |
| Financial charges | 65/66B | €200 | €154 | -€46 | -23.1% |
| Recurring financial charges | 65 | €200 | €154 | -€46 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €11,693 | -€902 | -€12,595 | |
| Income taxes | 67/77 | €2,944 | - | -€2,944 | |
| Profit (loss) for the period | 9904 | €8,749 | -€902 | -€9,651 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,749 | -€902 | -€9,651 |
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 7 October 2026 via checked.be.