MANELO: 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.
MANELO
Largest movements
- Current investments +€100,000
new in 2024: €100,000
- Receivables after one year -€80,000
down €80,000 (-69.6%), from €115,000 to €35,000
- Receivables within one year +€25,729
up €25,729 (+29.0%), from €88,773 to €114,502
of which Trade receivables: +€34,510
- Tangible fixed assets -€8,109
down €8,109 (-63.0%), from €12,870 to €4,760
of which Furniture and vehicles: -€6,097
- Debts after one year +€27,491
new in 2024: €27,491
- Profit (loss) carried forward +€12,074
up €12,074 (+5.4%), from €225,482 to €237,556
- Current portion of long-term debt +€8,509
new in 2024: €8,509
- Tax, wage and social debts -€4,223
down €4,223 (-30.2%), from €13,991 to €9,768
- Trade debts -€3,159
down €3,159 (-49.1%), from €6,437 to €3,278
- Gross operating margin -€18,789
down €18,789 (-40.2%), from €46,754 to €27,965
- Financial charges -€2,878
down €2,878 (-72.3%), from €3,980 to €1,103
- Financial income +€2,038
new in 2024: €2,038
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.
Derived cash bridge
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 | €270,161 | €310,852 | +€40,691 | +15.1% |
| Fixed assets | 21/28 | €12,960 | €4,850 | -€8,109 | -62.6% |
| Tangible fixed assets | 22/27 | €12,870 | €4,760 | -€8,109 | -63.0% |
| Land and buildings | 22 | €2,013 | - | -€2,013 | |
| Furniture and vehicles | 24 | €10,857 | €4,760 | -€6,097 | -56.2% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €257,201 | €306,002 | +€48,801 | +19.0% |
| Amounts receivable after more than one year | 29 | €115,000 | €35,000 | -€80,000 | -69.6% |
| Other amounts receivable | 291 | €115,000 | €35,000 | -€80,000 | -69.6% |
| Amounts receivable within one year | 40/41 | €88,773 | €114,502 | +€25,729 | +29.0% |
| Trade receivables | 40 | €40,406 | €74,916 | +€34,510 | +85.4% |
| Other amounts receivable | 41 | €48,367 | €39,586 | -€8,781 | -18.2% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €53,429 | €56,500 | +€3,072 | +5.7% |
| Total equity and liabilities | 10/49 | €270,161 | €310,852 | +€40,691 | +15.1% |
| Equity | 10/15 | €249,733 | €261,807 | +€12,074 | +4.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,659 | €5,659 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €3,799 | €3,799 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225,482 | €237,556 | +€12,074 | +5.4% |
| Amounts payable | 17/49 | €20,428 | €49,046 | +€28,618 | +140% |
| Amounts payable after more than one year | 17 | - | €27,491 | +€27,491 | |
| Financial debts | 170/4 | - | €27,491 | +€27,491 | |
| Amounts payable within one year | 42/48 | €20,428 | €21,555 | +€1,127 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,509 | +€8,509 | |
| Trade debts | 44 | €6,437 | €3,278 | -€3,159 | -49.1% |
| Suppliers | 440/4 | €6,437 | €3,278 | -€3,159 | -49.1% |
| Taxes, remuneration and social security | 45 | €13,991 | €9,768 | -€4,223 | -30.2% |
| Taxes | 450/3 | €13,991 | €9,768 | -€4,223 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,379 | €8,109 | -€270 | -3.2% |
| Other operating charges | 640/8 | €1,398 | €1,112 | -€286 | -20.4% |
| Gross operating margin | 9900 | €46,754 | €27,965 | -€18,789 | -40.2% |
| Operating profit (loss) | 9901 | €36,978 | €18,744 | -€18,233 | -49.3% |
| Financial income | 75/76B | - | €2,038 | +€2,038 | |
| Recurring financial income | 75 | - | €2,038 | +€2,038 | |
| Financial charges | 65/66B | €3,980 | €1,103 | -€2,878 | -72.3% |
| Recurring financial charges | 65 | €3,980 | €1,103 | -€2,878 | -72.3% |
| Profit (loss) for the period before taxes | 9903 | €32,997 | €19,679 | -€13,318 | -40.4% |
| Income taxes | 67/77 | €8,043 | €7,606 | -€437 | -5.4% |
| Profit (loss) for the period | 9904 | €24,954 | €12,074 | -€12,881 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,954 | €12,074 | -€12,881 | -51.6% |
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 14 October 2026 via checked.be.