Manfi: what changed
Two fiscal 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.
Manfi
Largest movements
- Current investments +€70,146
up €70,146 (+14.0%), from €500,000 to €570,146
- Receivables within one year +€60,407
up €60,407 (+295.8%), from €20,425 to €80,832
- Cash -€11,224
down €11,224 (-74.3%), from €15,116 to €3,892
mainly Current investments (-€70,146) and Receivables within one year (-€60,407)
- Reserves +€168,108
up €168,108 (+36.8%), from €456,316 to €624,424
- Tax, wage and social debts -€48,694
down €48,694 (-65.8%), from €74,053 to €25,359
- Gross operating margin +€14,066
up €14,066 (+6.0%), from €233,360 to €247,427
- Financial income -€8,313
down €8,313 (-97.2%), from €8,548 to €235
- Taxes +€6,404
up €6,404 (+8.8%), from €72,649 to €79,053
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.
Cash bridge derived
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 | €535,541 | €654,870 | +€119,329 | +22.3% |
| Current assets | 29/58 | €535,541 | €654,870 | +€119,329 | +22.3% |
| Amounts receivable within one year | 40/41 | €20,425 | €80,832 | +€60,407 | +295.8% |
| Trade receivables | 40 | €20,425 | €80,832 | +€60,407 | +295.8% |
| Current investments | 50/53 | €500,000 | €570,146 | +€70,146 | +14.0% |
| Cash at bank and in hand | 54/58 | €15,116 | €3,892 | -€11,224 | -74.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €535,541 | €654,870 | +€119,329 | +22.3% |
| Equity | 10/15 | €457,316 | €625,424 | +€168,108 | +36.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €456,316 | €624,424 | +€168,108 | +36.8% |
| Distributable reserves | 133 | €456,316 | €624,424 | +€168,108 | +36.8% |
| Amounts payable | 17/49 | €78,225 | €29,446 | -€48,779 | -62.4% |
| Amounts payable within one year | 42/48 | €78,225 | €29,446 | -€48,779 | -62.4% |
| Trade debts | 44 | €111 | €0 | -€111 | -100.0% |
| Suppliers | 440/4 | €111 | €0 | -€111 | -100.0% |
| Taxes, remuneration and social security | 45 | €74,053 | €25,359 | -€48,694 | -65.8% |
| Taxes | 450/3 | €74,053 | €25,359 | -€48,694 | -65.8% |
| Other amounts payable | 47/48 | €4,062 | €4,087 | +€25 | +0.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €233,360 | €247,427 | +€14,066 | +6.0% |
| Operating profit (loss) | 9901 | €232,909 | €246,961 | +€14,052 | +6.0% |
| Financial income | 75/76B | €8,548 | €235 | -€8,313 | -97.2% |
| Recurring financial income | 75 | €8,548 | €235 | -€8,313 | -97.2% |
| Financial charges | 65/66B | €54 | €36 | -€18 | -33.1% |
| Recurring financial charges | 65 | €54 | €36 | -€18 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €241,404 | €247,161 | +€5,757 | +2.4% |
| Income taxes | 67/77 | €72,649 | €79,053 | +€6,404 | +8.8% |
| Profit (loss) for the period | 9904 | €168,755 | €168,108 | -€647 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €168,755 | €168,108 | -€647 | -0.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.