MANEVA: 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.
MANEVA
Largest movements
- Stocks and contracts +€752,918
up €752,918 (+31.0%), from €2.4m to €3.2m
- Cash +€643,746
up €643,746 (+76.8%), from €838,039 to €1.5m
mainly Accrued charges and deferred income (+€542,744) and Tax, wage and social debts (+€419,554)
- Tangible fixed assets +€295,695
up €295,695 (+615.0%), from €48,078 to €343,773
of which Other tangible fixed assets: +€304,139
- Receivables within one year -€132,254
down €132,254 (-24.8%), from €532,892 to €400,637
of which Other amounts receivable: -€271,835
- Financial fixed assets -€85,000
down €85,000 (-98.2%), from €86,582 to €1,582
- Accrued charges and deferred income +€542,744
up €542,744 (+99.3%), from €546,453 to €1.1m
- Tax, wage and social debts +€419,554
up €419,554 (+37.0%), from €1.1m to €1.6m
of which Taxes: +€405,226
- Profit (loss) carried forward +€366,819
up €366,819 (+144.4%), from €254,108 to €620,927
- Trade debts +€297,026
up €297,026 (+22.0%), from €1.3m to €1.6m
- Debts after one year -€215,575
down €215,575 (-36.9%), from €583,642 to €368,067
- Gross operating margin +€1.1m
up €1.1m (+112.2%), from €941,383 to €2.0m
- Financial charges +€350,960
up €350,960 (+127.4%), from €275,464 to €626,424
- Staff costs +€245,191
up €245,191 (+46.1%), from €532,027 to €777,218
- Taxes +€133,707
up €133,707 (+13370.7%), from €1,000 to €134,707
- Financial income -€42,456
down €42,456 (-62.1%), from €68,347 to €25,892
of which Non-recurring financial income: -€27,640
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 | €4,323,137 | €5,844,016 | +€1.5m | +35.2% |
| Fixed assets | 21/28 | €505,846 | €724,957 | +€219,110 | +43.3% |
| Intangible fixed assets | 21 | €371,186 | €379,602 | +€8,416 | +2.3% |
| Tangible fixed assets | 22/27 | €48,078 | €343,773 | +€295,695 | +615.0% |
| Plant, machinery and equipment | 23 | €12,256 | €9,592 | -€2,664 | -21.7% |
| Furniture and vehicles | 24 | €35,822 | €30,041 | -€5,781 | -16.1% |
| Other tangible fixed assets | 26 | - | €304,139 | +€304,139 | |
| Financial fixed assets | 28 | €86,582 | €1,582 | -€85,000 | -98.2% |
| Current assets | 29/58 | €3,817,290 | €5,119,060 | +€1.3m | +34.1% |
| Stocks and contracts in progress | 3 | €2,430,728 | €3,183,646 | +€752,918 | +31.0% |
| Stocks | 30/36 | €2,430,728 | €3,183,646 | +€752,918 | +31.0% |
| Amounts receivable within one year | 40/41 | €532,892 | €400,637 | -€132,254 | -24.8% |
| Trade receivables | 40 | €257,566 | €397,147 | +€139,581 | +54.2% |
| Other amounts receivable | 41 | €275,326 | €3,491 | -€271,835 | -98.7% |
| Cash at bank and in hand | 54/58 | €838,039 | €1,481,785 | +€643,746 | +76.8% |
| Deferred charges and accrued income | 490/1 | €15,633 | €52,992 | +€37,359 | +239.0% |
| Total equity and liabilities | 10/49 | €4,323,137 | €5,844,016 | +€1.5m | +35.2% |
| Equity | 10/15 | €295,308 | €662,127 | +€366,819 | +124.2% |
| Contributions | 10/11 | €41,200 | €41,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,108 | €620,927 | +€366,819 | +144.4% |
| Amounts payable | 17/49 | €4,027,829 | €5,181,889 | +€1.2m | +28.7% |
| Amounts payable after more than one year | 17 | €583,642 | €368,067 | -€215,575 | -36.9% |
| Financial debts | 170/4 | €583,642 | €368,067 | -€215,575 | -36.9% |
| Amounts payable within one year | 42/48 | €2,897,733 | €3,724,624 | +€826,891 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €168,329 | €229,041 | +€60,711 | +36.1% |
| Financial debts | 43 | €175,000 | €175,000 | = | 0.0% |
| Credit institutions | 430/8 | €175,000 | €175,000 | = | 0.0% |
| Trade debts | 44 | €1,348,825 | €1,645,851 | +€297,026 | +22.0% |
| Suppliers | 440/4 | €1,348,825 | €1,645,851 | +€297,026 | +22.0% |
| Taxes, remuneration and social security | 45 | €1,133,045 | €1,552,598 | +€419,554 | +37.0% |
| Taxes | 450/3 | €1,081,710 | €1,486,936 | +€405,226 | +37.5% |
| Remuneration and social security | 454/9 | €51,335 | €65,662 | +€14,328 | +27.9% |
| Other amounts payable | 47/48 | €72,534 | €122,134 | +€49,600 | +68.4% |
| Accrued charges and deferred income | 492/3 | €546,453 | €1,089,197 | +€542,744 | +99.3% |
| Remuneration, social security and pensions | 62 | €532,027 | €777,218 | +€245,191 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,330 | €107,850 | +€33,520 | +45.1% |
| Other operating charges | 640/8 | €9,123 | €10,216 | +€1,093 | +12.0% |
| Gross operating margin | 9900 | €941,383 | €1,997,342 | +€1.1m | +112.2% |
| Operating profit (loss) | 9901 | €325,902 | €1,102,058 | +€776,156 | +238.2% |
| Financial income | 75/76B | €68,347 | €25,892 | -€42,456 | -62.1% |
| Recurring financial income | 75 | €40,707 | €25,892 | -€14,816 | -36.4% |
| Non-recurring financial income | 76B | €27,640 | - | -€27,640 | |
| Financial charges | 65/66B | €275,464 | €626,424 | +€350,960 | +127.4% |
| Recurring financial charges | 65 | €275,464 | €626,424 | +€350,960 | +127.4% |
| Profit (loss) for the period before taxes | 9903 | €118,785 | €501,526 | +€382,740 | +322.2% |
| Income taxes | 67/77 | €1,000 | €134,707 | +€133,707 | +13370.7% |
| Profit (loss) for the period | 9904 | €117,785 | €366,819 | +€249,034 | +211.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,785 | €366,819 | +€249,034 | +211.4% |
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 11 October 2026 via checked.be.