MANENGO: 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.
MANENGO
Largest movements
- Cash +€21,347
up €21,347 (+14,001%), from €152 to €21,499
mainly Net result for the year (+€33,332) and Trade debts (+€60)
- Receivables within one year +€10,122
up €10,122 (+34.4%), from €29,411 to €39,533
of which Trade receivables: +€7,711
- Reserves +€33,332
up €33,332 (+205%), from €16,225 to €49,557
- Tax, wage and social debts -€1,033
down €1,033 (-17.6%), from €5,883 to €4,849
- Other debts -€889
down €889 (-22.5%), from €3,956 to €3,066
- Gross operating margin +€27,615
up €27,615 (+184%), from €15,009 to €42,624
- Taxes +€6,251
up €6,251 (+222%), from €2,813 to €9,064
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 | €29,563 | €61,032 | +€31,469 | +106% |
| Current assets | 29/58 | €29,563 | €61,032 | +€31,469 | +106% |
| Amounts receivable within one year | 40/41 | €29,411 | €39,533 | +€10,122 | +34.4% |
| Trade receivables | 40 | €19,111 | €26,822 | +€7,711 | +40.4% |
| Other amounts receivable | 41 | €10,300 | €12,711 | +€2,411 | +23.4% |
| Cash at bank and in hand | 54/58 | €152 | €21,499 | +€21,347 | +14,001% |
| Total equity and liabilities | 10/49 | €29,563 | €61,032 | +€31,469 | +106% |
| Equity | 10/15 | €19,725 | €53,057 | +€33,332 | +169% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €16,225 | €49,557 | +€33,332 | +205% |
| Distributable reserves | 133 | €16,225 | €49,557 | +€33,332 | +205% |
| Amounts payable | 17/49 | €9,838 | €7,975 | -€1,863 | -18.9% |
| Amounts payable within one year | 42/48 | €9,838 | €7,975 | -€1,863 | -18.9% |
| Trade debts | 44 | - | €60 | +€60 | |
| Suppliers | 440/4 | - | €60 | +€60 | |
| Taxes, remuneration and social security | 45 | €5,883 | €4,849 | -€1,033 | -17.6% |
| Taxes | 450/3 | €5,883 | €4,849 | -€1,033 | -17.6% |
| Other amounts payable | 47/48 | €3,956 | €3,066 | -€889 | -22.5% |
| Other operating charges | 640/8 | €409 | €400 | -€9 | -2.2% |
| Gross operating margin | 9900 | €15,009 | €42,624 | +€27,615 | +184% |
| Operating profit (loss) | 9901 | €14,601 | €42,224 | +€27,624 | +189% |
| Financial income | 75/76B | €362 | €229 | -€133 | -36.6% |
| Recurring financial income | 75 | €362 | €229 | -€133 | -36.6% |
| Financial charges | 65/66B | €44 | €58 | +€15 | +34.0% |
| Recurring financial charges | 65 | €44 | €58 | +€15 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €14,919 | €42,396 | +€27,476 | +184% |
| Income taxes | 67/77 | €2,813 | €9,064 | +€6,251 | +222% |
| Profit (loss) for the period | 9904 | €12,106 | €33,332 | +€21,226 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €12,106 | €33,332 | +€21,226 | +175% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.