MANI: 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.
MANI
Largest movements
- Receivables within one year -€7,716
down €7,716 (-56.3%), from €13,700 to €5,984
of which Trade receivables: -€7,716
- Cash -€3,148
down €3,148 (-24.3%), from €12,931 to €9,783
mainly Investment in fixed assets (net) (-€8,414) and Current portion of long-term debt (-€4,108)
- Tangible fixed assets +€1,630
up €1,630 (+7.4%), from €22,012 to €23,641
of which Other tangible fixed assets: +€3,462
- Deferred charges and accrued income -€680
down €680 (-28.9%), from €2,350 to €1,670
- Current portion of long-term debt -€4,108
down €4,108 (-54.4%), from €7,551 to €3,443
- Debts after one year -€3,443
down €3,443 (-44.0%), from €7,831 to €4,388
- Trade debts +€3,243
up €3,243 (+252.0%), from €1,287 to €4,529
- Profit (loss) carried forward -€2,613
down €2,613 (-73.3%), from -€3,566 to -€6,178
- Other debts -€2,238
down €2,238 (-19.8%), from €11,277 to €9,039
- Gross operating margin -€14,345
down €14,345 (-70.9%), from €20,237 to €5,892
- Depreciation +€2,441
up €2,441 (+56.2%), from €4,343 to €6,784
- Financial charges -€286
down €286 (-25.0%), from €1,146 to €860
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 | €50,993 | €41,079 | -€9,915 | -19.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €22,012 | €23,641 | +€1,630 | +7.4% |
| Tangible fixed assets | 22/27 | €22,012 | €23,641 | +€1,630 | +7.4% |
| Plant, machinery and equipment | 23 | €14,155 | €11,815 | -€2,340 | -16.5% |
| Furniture and vehicles | 24 | €5,166 | €5,674 | +€508 | +9.8% |
| Other tangible fixed assets | 26 | €2,690 | €6,152 | +€3,462 | +128.7% |
| Current assets | 29/58 | €28,982 | €17,437 | -€11,544 | -39.8% |
| Amounts receivable within one year | 40/41 | €13,700 | €5,984 | -€7,716 | -56.3% |
| Trade receivables | 40 | €13,700 | €5,984 | -€7,716 | -56.3% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €12,931 | €9,783 | -€3,148 | -24.3% |
| Deferred charges and accrued income | 490/1 | €2,350 | €1,670 | -€680 | -28.9% |
| Total equity and liabilities | 10/49 | €50,993 | €41,079 | -€9,915 | -19.4% |
| Equity | 10/15 | €21,394 | €18,782 | -€2,613 | -12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,360 | €6,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,566 | -€6,178 | -€2,613 | -73.3% |
| Amounts payable | 17/49 | €29,599 | €22,297 | -€7,302 | -24.7% |
| Amounts payable after more than one year | 17 | €7,831 | €4,388 | -€3,443 | -44.0% |
| Financial debts | 170/4 | €7,831 | €4,388 | -€3,443 | -44.0% |
| Amounts payable within one year | 42/48 | €21,339 | €17,909 | -€3,430 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €7,551 | €3,443 | -€4,108 | -54.4% |
| Financial debts | 43 | €1,024 | - | -€1,024 | |
| Credit institutions | 430/8 | €1,024 | - | -€1,024 | |
| Trade debts | 44 | €1,287 | €4,529 | +€3,243 | +252.0% |
| Suppliers | 440/4 | €1,287 | €4,529 | +€3,243 | +252.0% |
| Taxes, remuneration and social security | 45 | €201 | €898 | +€697 | +347.7% |
| Taxes | 450/3 | €201 | €898 | +€697 | +347.7% |
| Other amounts payable | 47/48 | €11,277 | €9,039 | -€2,238 | -19.8% |
| Accrued charges and deferred income | 492/3 | €428 | - | -€428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,343 | €6,784 | +€2,441 | +56.2% |
| Other operating charges | 640/8 | €731 | €663 | -€68 | -9.3% |
| Gross operating margin | 9900 | €20,237 | €5,892 | -€14,345 | -70.9% |
| Operating profit (loss) | 9901 | €15,163 | -€1,555 | -€16,718 | |
| Financial charges | 65/66B | €1,146 | €860 | -€286 | -25.0% |
| Recurring financial charges | 65 | €1,146 | €860 | -€286 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €14,016 | -€2,415 | -€16,432 | |
| Income taxes | 67/77 | €201 | €197 | -€3 | -1.6% |
| Profit (loss) for the period | 9904 | €13,816 | -€2,613 | -€16,429 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,816 | -€2,613 | -€16,429 |
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 12 October 2026 via checked.be.