MANELIMAX: 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.
MANELIMAX
Largest movements
- Tangible fixed assets +€34,863
up €34,863 (+815%), from €4,280 to €39,143
of which Furniture and vehicles: +€35,133
- Cash -€32,792
down €32,792 (-82.1%), from €39,920 to €7,129
mainly Contributions, distributions and other (-€91,350) and Investment in fixed assets (net) (-€38,560)
- Receivables within one year +€23,532
up €23,532 (+39.4%), from €59,708 to €83,239
of which Trade receivables: +€20,752
- Other debts +€28,122
up €28,122 (+34.0%), from €82,678 to €110,801
- Tax, wage and social debts -€4,240
down €4,240 (-91.0%), from €4,660 to €420
of which Taxes: -€3,042
- Trade debts +€2,071
up €2,071 (+141%), from €1,473 to €3,544
- Gross operating margin +€20,496
up €20,496 (+19.2%), from €106,595 to €127,091
- Taxes +€5,413
up €5,413 (+22.4%), from €24,162 to €29,575
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.
Derived cash bridge
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 | €107,965 | €133,938 | +€25,973 | +24.1% |
| Fixed assets | 21/28 | €4,280 | €39,143 | +€34,863 | +815% |
| Tangible fixed assets | 22/27 | €4,280 | €39,143 | +€34,863 | +815% |
| Furniture and vehicles | 24 | €3,470 | €38,603 | +€35,133 | +1,013% |
| Other tangible fixed assets | 26 | €810 | €540 | -€270 | -33.3% |
| Current assets | 29/58 | €103,686 | €94,796 | -€8,890 | -8.6% |
| Amounts receivable within one year | 40/41 | €59,708 | €83,239 | +€23,532 | +39.4% |
| Trade receivables | 40 | €59,182 | €79,934 | +€20,752 | +35.1% |
| Other amounts receivable | 41 | €526 | €3,305 | +€2,780 | +529% |
| Cash at bank and in hand | 54/58 | €39,920 | €7,129 | -€32,792 | -82.1% |
| Deferred charges and accrued income | 490/1 | €4,058 | €4,428 | +€370 | +9.1% |
| Total equity and liabilities | 10/49 | €107,965 | €133,938 | +€25,973 | +24.1% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €89,365 | €115,338 | +€25,973 | +29.1% |
| Amounts payable within one year | 42/48 | €89,123 | €115,112 | +€25,989 | +29.2% |
| Financial debts | 43 | €311 | €347 | +€36 | +11.5% |
| Credit institutions | 430/8 | €311 | €347 | +€36 | +11.5% |
| Trade debts | 44 | €1,473 | €3,544 | +€2,071 | +141% |
| Suppliers | 440/4 | €1,473 | €3,544 | +€2,071 | +141% |
| Taxes, remuneration and social security | 45 | €4,660 | €420 | -€4,240 | -91.0% |
| Taxes | 450/3 | €3,461 | €420 | -€3,042 | -87.9% |
| Remuneration and social security | 454/9 | €1,198 | €0 | -€1,198 | -100% |
| Other amounts payable | 47/48 | €82,678 | €110,801 | +€28,122 | +34.0% |
| Accrued charges and deferred income | 492/3 | €243 | €227 | -€16 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,724 | €3,698 | -€27 | -0.7% |
| Other operating charges | 640/8 | €1,720 | €1,754 | +€34 | +2.0% |
| Gross operating margin | 9900 | €106,595 | €127,091 | +€20,496 | +19.2% |
| Operating profit (loss) | 9901 | €101,151 | €121,640 | +€20,489 | +20.3% |
| Financial income | 75/76B | €357 | €287 | -€70 | -19.7% |
| Recurring financial income | 75 | €357 | €287 | -€70 | -19.7% |
| Financial charges | 65/66B | €1,206 | €1,003 | -€203 | -16.8% |
| Recurring financial charges | 65 | €1,206 | €1,003 | -€203 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €100,302 | €120,925 | +€20,622 | +20.6% |
| Income taxes | 67/77 | €24,162 | €29,575 | +€5,413 | +22.4% |
| Profit (loss) for the period | 9904 | €76,140 | €91,350 | +€15,210 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,140 | €91,350 | +€15,210 | +20.0% |
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 18 October 2026 via checked.be.