MANELI: 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.
MANELI
Largest movements
- Cash +€8,074
up €8,074 (+708.6%), from €1,139 to €9,213
mainly Current investments (+€7,000) and Net result for the year (+€5,260)
- Current investments -€7,000
down €7,000 (-100.0%), from €7,000 to €0
- Other debts -€7,000
down €7,000 (-18.0%), from €38,929 to €31,929
- Reserves +€5,260
up €5,260 (+11.2%), from €46,817 to €52,077
of which Distributable reserves: +€7,260
- Tax, wage and social debts +€2,571
up €2,571 (+389.8%), from €660 to €3,231
- Gross operating margin +€2,249
up €2,249 (+37.7%), from €5,964 to €8,214
- Taxes +€538
up €538 (+28.8%), from €1,865 to €2,403
- Other operating charges +€402
up €402 (+340.4%), from €118 to €520
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 | €106,406 | €107,479 | +€1,074 | +1.0% |
| Fixed assets | 21/28 | €98,266 | €98,266 | = | 0.0% |
| Tangible fixed assets | 22/27 | €98,266 | €98,266 | = | 0.0% |
| Land and buildings | 22 | €98,266 | €98,266 | = | 0.0% |
| Current assets | 29/58 | €8,139 | €9,213 | +€1,074 | +13.2% |
| Current investments | 50/53 | €7,000 | €0 | -€7,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,139 | €9,213 | +€8,074 | +708.6% |
| Total equity and liabilities | 10/49 | €106,406 | €107,479 | +€1,074 | +1.0% |
| Equity | 10/15 | €66,817 | €72,077 | +€5,260 | +7.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €46,817 | €52,077 | +€5,260 | +11.2% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100.0% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100.0% |
| Distributable reserves | 133 | €44,817 | €52,077 | +€7,260 | +16.2% |
| Amounts payable | 17/49 | €39,589 | €35,402 | -€4,187 | -10.6% |
| Amounts payable within one year | 42/48 | €39,589 | €35,402 | -€4,187 | -10.6% |
| Trade debts | 44 | €0 | €242 | +€242 | |
| Suppliers | 440/4 | €0 | €242 | +€242 | |
| Taxes, remuneration and social security | 45 | €660 | €3,231 | +€2,571 | +389.8% |
| Taxes | 450/3 | €660 | €3,231 | +€2,571 | +389.8% |
| Other amounts payable | 47/48 | €38,929 | €31,929 | -€7,000 | -18.0% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340.4% |
| Gross operating margin | 9900 | €5,964 | €8,214 | +€2,249 | +37.7% |
| Operating profit (loss) | 9901 | €5,846 | €7,694 | +€1,848 | +31.6% |
| Financial charges | 65/66B | - | €30 | +€30 | |
| Recurring financial charges | 65 | - | €30 | +€30 | |
| Profit (loss) for the period before taxes | 9903 | €5,846 | €7,664 | +€1,818 | +31.1% |
| Income taxes | 67/77 | €1,865 | €2,403 | +€538 | +28.8% |
| Profit (loss) for the period | 9904 | €3,981 | €5,260 | +€1,279 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,981 | €5,260 | +€1,279 | +32.1% |
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 28 September 2026 via checked.be.