MANEL TRADE: 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.
MANEL TRADE
Largest movements
- Receivables within one year -€43,891
down €43,891 (-57.6%), from €76,243 to €32,352
of which Trade receivables: -€58,478
- Cash +€28,762
up €28,762 (+199.7%), from €14,405 to €43,167
mainly Receivables within one year (+€43,891) and Net result for the year (+€29,163)
- Intangible fixed assets +€12,000
new in 2024: €12,000
- Deferred charges and accrued income -€9,434
no longer reported in 2024 (was €9,434)
- Financial fixed assets +€3,950
up €3,950 (+1283.4%), from €308 to €4,258
- Trade debts -€59,366
down €59,366 (-65.3%), from €90,934 to €31,568
- Tax, wage and social debts +€27,049
up €27,049 (+548.9%), from €4,928 to €31,978
of which Taxes: +€14,446
- Profit (loss) carried forward +€19,163
up €19,163 (+235.9%), from €8,125 to €27,288
- Contributions +€9,500
up €9,500 (+152.0%), from €6,250 to €15,750
- Gross operating margin +€163,305
up €163,305 (+344.6%), from €47,397 to €210,702
- Staff costs +€133,317
up €133,317 (+426.7%), from €31,240 to €164,557
- Taxes +€8,300
up €8,300 (+408.6%), from €2,031 to €10,332
- Depreciation +€3,980
up €3,980 (+234.1%), from €1,700 to €5,680
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.
Cash bridge derived
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 | €119,833 | €116,690 | -€3,142 | -2.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €15,608 | €33,778 | +€18,170 | +116.4% |
| Intangible fixed assets | 21 | - | €12,000 | +€12,000 | |
| Tangible fixed assets | 22/27 | €15,300 | €17,520 | +€2,220 | +14.5% |
| Plant, machinery and equipment | 23 | €15,300 | €15,342 | +€42 | +0.3% |
| Furniture and vehicles | 24 | - | €2,178 | +€2,178 | |
| Financial fixed assets | 28 | €308 | €4,258 | +€3,950 | +1283.4% |
| Current assets | 29/58 | €104,225 | €82,912 | -€21,313 | -20.4% |
| Stocks and contracts in progress | 3 | €4,143 | €7,393 | +€3,250 | +78.4% |
| Stocks | 30/36 | €4,143 | €7,393 | +€3,250 | +78.4% |
| Amounts receivable within one year | 40/41 | €76,243 | €32,352 | -€43,891 | -57.6% |
| Trade receivables | 40 | €76,243 | €17,765 | -€58,478 | -76.7% |
| Other amounts receivable | 41 | - | €14,587 | +€14,587 | |
| Cash at bank and in hand | 54/58 | €14,405 | €43,167 | +€28,762 | +199.7% |
| Deferred charges and accrued income | 490/1 | €9,434 | - | -€9,434 | |
| Total equity and liabilities | 10/49 | €119,833 | €116,690 | -€3,142 | -2.6% |
| Equity | 10/15 | €14,375 | €43,038 | +€28,663 | +199.4% |
| Contributions | 10/11 | €6,250 | €15,750 | +€9,500 | +152.0% |
| Profit (loss) carried forward | 14 | €8,125 | €27,288 | +€19,163 | +235.9% |
| Amounts payable | 17/49 | €105,458 | €73,652 | -€31,805 | -30.2% |
| Amounts payable within one year | 42/48 | €105,458 | €73,652 | -€31,805 | -30.2% |
| Trade debts | 44 | €90,934 | €31,568 | -€59,366 | -65.3% |
| Suppliers | 440/4 | €90,934 | €31,568 | -€59,366 | -65.3% |
| Taxes, remuneration and social security | 45 | €4,928 | €31,978 | +€27,049 | +548.9% |
| Taxes | 450/3 | €2,031 | €16,477 | +€14,446 | +711.2% |
| Remuneration and social security | 454/9 | €2,897 | €15,501 | +€12,604 | +435.1% |
| Other amounts payable | 47/48 | €9,595 | €10,107 | +€512 | +5.3% |
| Remuneration, social security and pensions | 62 | €31,240 | €164,557 | +€133,317 | +426.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €5,680 | +€3,980 | +234.1% |
| Other operating charges | 640/8 | - | €906 | +€906 | |
| Gross operating margin | 9900 | €47,397 | €210,702 | +€163,305 | +344.6% |
| Operating profit (loss) | 9901 | €14,456 | €39,558 | +€25,102 | +173.6% |
| Financial charges | 65/66B | - | €63 | +€63 | |
| Recurring financial charges | 65 | - | €63 | +€63 | |
| Profit (loss) for the period before taxes | 9903 | €14,456 | €39,495 | +€25,038 | +173.2% |
| Income taxes | 67/77 | €2,031 | €10,332 | +€8,300 | +408.6% |
| Profit (loss) for the period | 9904 | €12,425 | €29,163 | +€16,738 | +134.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,425 | €29,163 | +€16,738 | +134.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.