MANEXTENSO: 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.
What changed
MANEXTENSO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,414
2024 · -€47,439+€42,025
Equity
€605,207
2024 · €610,621-€5,414
Cash
€7,736
2024 · €8,779-€1,043
Balance sheet total
€2.9m
2024 · €2.9m-€64,993
Largest movements
Assets
- Receivables after one year -€59,104
down €59,104 (-14.1%), from €418,943 to €359,839
- Tangible fixed assets -€33,720
down €33,720 (-1.9%), from €1.8m to €1.8m
of which Land and buildings: -€171,089
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial charges -€48,615
down €48,615 (-69.1%), from €70,311 to €21,696
- Depreciation -€16,158
down €16,158 (-29.1%), from €55,560 to €39,401
- Gross operating margin -€14,141
down €14,141 (-19.7%), from €71,606 to €57,465
- Other operating charges +€5,323
up €5,323 (+86.6%), from €6,144 to €11,467
- Financial income -€2,066
down €2,066 (-14.1%), from €14,658 to €12,592
of which Financial income: -€2,066
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.
Result 2024
-€47,439
Gross operating margin
-€14,141
Depreciation
+€16,158
Other operating charges
-€5,323
Financial income
-€2,066
Financial charges
+€48,615
Taxes
-€1,219
Result 2025
-€5,414
raises the resultlowers the result
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.
From operations
+€53,409
Investment
-€5,681
Financing
-€48,771
Cash 2024
€8,779
From operations (derived)
+€53,409
Net result for the year
-€5,414
Depreciation
+€39,401
Receivables after one year
+€59,104
Receivables within one year
-€20,835
Deferred charges and accrued income
-€8,039
Trade debts
+€3,186
Tax, wage and social debts
-€1,358
Other debts
-€11,222
Accrued charges and deferred income
-€1,414
Investment (derived)
-€5,681
Investment in fixed assets (net)
-€5,681
Financing
-€48,771
Debts after one year
-€27,850
Current portion of long-term debt
-€921
Short-term financial debts
-€20,000
Cash 2025
€7,736
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,943,109 | €2,878,116 | -€64,993 | -2.2% |
| Fixed assets | 21/28 | €2,416,760 | €2,383,040 | -€33,720 | -1.4% |
| Tangible fixed assets | 22/27 | €1,800,360 | €1,766,640 | -€33,720 | -1.9% |
| Land and buildings | 22 | €1,780,706 | €1,609,617 | -€171,089 | -9.6% |
| Furniture and vehicles | 24 | €11,381 | €0 | -€11,381 | -100% |
| Other tangible fixed assets | 26 | €8,273 | €5,851 | -€2,422 | -29.3% |
| Assets under construction and advance payments | 27 | - | €151,172 | +€151,172 | |
| Financial fixed assets | 28 | €616,400 | €616,400 | = | 0.0% |
| Current assets | 29/58 | €526,349 | €495,076 | -€31,273 | -5.9% |
| Amounts receivable after more than one year | 29 | €418,943 | €359,839 | -€59,104 | -14.1% |
| Other amounts receivable | 291 | €418,943 | €359,839 | -€59,104 | -14.1% |
| Amounts receivable within one year | 40/41 | €18,171 | €39,006 | +€20,835 | +115% |
| Trade receivables | 40 | €900 | €10,159 | +€9,259 | +1,029% |
| Other amounts receivable | 41 | €17,271 | €28,847 | +€11,576 | +67.0% |
| Cash at bank and in hand | 54/58 | €8,779 | €7,736 | -€1,043 | -11.9% |
| Deferred charges and accrued income | 490/1 | €80,457 | €88,496 | +€8,039 | +10.0% |
| Total equity and liabilities | 10/49 | €2,943,109 | €2,878,116 | -€64,993 | -2.2% |
| Equity | 10/15 | €610,621 | €605,207 | -€5,414 | -0.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €181,835 | €181,835 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,900 | €18,900 | = | 0.0% |
| Legal reserve | 130 | €18,900 | €18,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,935 | €13,935 | = | 0.0% |
| Distributable reserves | 133 | €149,000 | €149,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€171,214 | -€176,628 | -€5,414 | -3.2% |
| Amounts payable | 17/49 | €2,332,488 | €2,272,910 | -€59,579 | -2.6% |
| Amounts payable after more than one year | 17 | €1,860,773 | €1,832,922 | -€27,850 | -1.5% |
| Financial debts | 170/4 | €189,773 | €161,922 | -€27,850 | -14.7% |
| Other amounts payable | 178/9 | €1,671,000 | €1,671,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €368,039 | €337,725 | -€30,315 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €28,771 | €27,850 | -€921 | -3.2% |
| Financial debts | 43 | €300,000 | €280,000 | -€20,000 | -6.7% |
| Credit institutions | 430/8 | €295,000 | €278,500 | -€16,500 | -5.6% |
| Other loans | 439 | €5,000 | €1,500 | -€3,500 | -70.0% |
| Trade debts | 44 | €4,832 | €8,018 | +€3,186 | +65.9% |
| Suppliers | 440/4 | €4,832 | €8,018 | +€3,186 | +65.9% |
| Taxes, remuneration and social security | 45 | €2,717 | €1,360 | -€1,358 | -50.0% |
| Taxes | 450/3 | €2,717 | €1,360 | -€1,358 | -50.0% |
| Other amounts payable | 47/48 | €31,719 | €20,497 | -€11,222 | -35.4% |
| Accrued charges and deferred income | 492/3 | €103,676 | €102,263 | -€1,414 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,560 | €39,401 | -€16,158 | -29.1% |
| Other operating charges | 640/8 | €6,144 | €11,467 | +€5,323 | +86.6% |
| Gross operating margin | 9900 | €71,606 | €57,465 | -€14,141 | -19.7% |
| Operating profit (loss) | 9901 | €9,902 | €6,597 | -€3,305 | -33.4% |
| Financial income | 75/76B | €14,658 | €12,592 | -€2,066 | -14.1% |
| Recurring financial income | 75 | €14,658 | €12,592 | -€2,066 | -14.1% |
| Non-recurring financial income | 76B | €14,658 | €12,592 | -€2,066 | -14.1% |
| Financial charges | 65/66B | €70,311 | €21,696 | -€48,615 | -69.1% |
| Recurring financial charges | 65 | €70,311 | €21,696 | -€48,615 | -69.1% |
| Profit (loss) for the period before taxes | 9903 | -€45,751 | -€2,507 | +€43,244 | +94.5% |
| Income taxes | 67/77 | €1,688 | €2,907 | +€1,219 | +72.2% |
| Profit (loss) for the period | 9904 | -€47,439 | -€5,414 | +€42,025 | +88.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,439 | -€5,414 | +€42,025 | +88.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.