MANHA: 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.
MANHA
Largest movements
- Receivables within one year +€13,042
up €13,042 (+102%), from €12,803 to €25,845
- Cash -€1,073
down €1,073 (-21.6%), from €4,974 to €3,902
mainly Trade debts (-€20,815) and Receivables within one year (-€13,042)
- Trade debts -€20,815
down €20,815 (-57.0%), from €36,533 to €15,718
- Profit (loss) carried forward +€19,796
up €19,796 (+78.8%), from -€25,121 to -€5,325
- Tax, wage and social debts +€12,988
up €12,988 (+2,907%), from €447 to €13,435
of which Remuneration and social security: +€12,244
- Gross operating margin +€40,837
up €40,837 (+188%), from €21,759 to €62,596
- Staff costs +€26,591
up €26,591 (+160%), from €16,648 to €43,239
- Financial income +€1,354
new in 2025: €1,354
of which Financial income: +€1,354
- Taxes -€1,191
no longer reported in 2025 (was €1,191)
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 | €17,989 | €29,958 | +€11,969 | +66.5% |
| Fixed assets | 21/28 | €211 | €211 | = | 0.0% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €17,778 | €29,747 | +€11,969 | +67.3% |
| Amounts receivable within one year | 40/41 | €12,803 | €25,845 | +€13,042 | +102% |
| Other amounts receivable | 41 | €12,803 | €25,845 | +€13,042 | +102% |
| Cash at bank and in hand | 54/58 | €4,974 | €3,902 | -€1,073 | -21.6% |
| Total equity and liabilities | 10/49 | €17,989 | €29,958 | +€11,969 | +66.5% |
| Equity | 10/15 | -€18,991 | €805 | +€19,796 | |
| Contributions | 10/11 | €6,130 | €6,130 | = | 0.0% |
| Capital | 10 | €6,130 | €6,130 | = | 0.0% |
| Issued capital | 100 | €18,530 | €18,530 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,121 | -€5,325 | +€19,796 | +78.8% |
| Amounts payable | 17/49 | €36,980 | €29,153 | -€7,827 | -21.2% |
| Amounts payable within one year | 42/48 | €36,980 | €29,153 | -€7,827 | -21.2% |
| Trade debts | 44 | €36,533 | €15,718 | -€20,815 | -57.0% |
| Suppliers | 440/4 | €36,533 | €15,718 | -€20,815 | -57.0% |
| Taxes, remuneration and social security | 45 | €447 | €13,435 | +€12,988 | +2,907% |
| Taxes | 450/3 | €447 | €1,191 | +€744 | +166% |
| Remuneration and social security | 454/9 | €0 | €12,244 | +€12,244 | |
| Non-recurring operating income | 76A | €179,927 | - | -€179,927 | |
| Remuneration, social security and pensions | 62 | €16,648 | €43,239 | +€26,591 | +160% |
| Other operating charges | 640/8 | €558 | €567 | +€8 | +1.5% |
| Gross operating margin | 9900 | €21,759 | €62,596 | +€40,837 | +188% |
| Operating profit (loss) | 9901 | €4,553 | €18,790 | +€14,237 | +313% |
| Financial income | 75/76B | - | €1,354 | +€1,354 | |
| Recurring financial income | 75 | - | €1,354 | +€1,354 | |
| Non-recurring financial income | 76B | - | €1,354 | +€1,354 | |
| Financial charges | 65/66B | €218 | €348 | +€131 | +60.0% |
| Recurring financial charges | 65 | €218 | €348 | +€131 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €4,335 | €19,796 | +€15,461 | +357% |
| Income taxes | 67/77 | €1,191 | - | -€1,191 | |
| Profit (loss) for the period | 9904 | €3,144 | €19,796 | +€16,652 | +530% |
| Profit (loss) for the period to be appropriated | 9905 | €3,144 | €19,796 | +€16,652 | +530% |
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 20 October 2026 via checked.be.