MANI ART: 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 ART
Largest movements
- Cash +€21,184
up €21,184 (+186%), from €11,380 to €32,563
mainly Net result for the year (+€13,408) and Tax, wage and social debts (+€7,731)
- Receivables within one year +€1,093
up €1,093 (+6.3%), from €17,242 to €18,335
of which Other amounts receivable: +€615
- Profit (loss) carried forward +€13,408
up €13,408 (+223%), from €6,003 to €19,411
- Tax, wage and social debts +€7,731
up €7,731 (+38.4%), from €20,130 to €27,861
- Trade debts +€591
up €591 (+484%), from €122 to €714
- Gross operating margin +€9,178
up €9,178 (+89.5%), from €10,259 to €19,436
- Taxes +€1,996
up €1,996 (+91.8%), from €2,174 to €4,171
- Other operating charges -€1,034
down €1,034 (-44.1%), from €2,344 to €1,310
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 | €29,255 | €50,985 | +€21,731 | +74.3% |
| Fixed assets | 21/28 | €487 | €88 | -€399 | -82.0% |
| Tangible fixed assets | 22/27 | €487 | €88 | -€399 | -82.0% |
| Plant, machinery and equipment | 23 | €487 | €88 | -€399 | -82.0% |
| Current assets | 29/58 | €28,768 | €50,898 | +€22,130 | +76.9% |
| Amounts receivable within one year | 40/41 | €17,242 | €18,335 | +€1,093 | +6.3% |
| Trade receivables | 40 | €16,153 | €16,631 | +€478 | +3.0% |
| Other amounts receivable | 41 | €1,089 | €1,704 | +€615 | +56.4% |
| Cash at bank and in hand | 54/58 | €11,380 | €32,563 | +€21,184 | +186% |
| Deferred charges and accrued income | 490/1 | €146 | €0 | -€146 | -100% |
| Total equity and liabilities | 10/49 | €29,255 | €50,985 | +€21,731 | +74.3% |
| Equity | 10/15 | €9,003 | €22,411 | +€13,408 | +149% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,003 | €19,411 | +€13,408 | +223% |
| Amounts payable | 17/49 | €20,252 | €28,575 | +€8,322 | +41.1% |
| Amounts payable within one year | 42/48 | €20,252 | €28,575 | +€8,322 | +41.1% |
| Trade debts | 44 | €122 | €714 | +€591 | +484% |
| Suppliers | 440/4 | €122 | €714 | +€591 | +484% |
| Taxes, remuneration and social security | 45 | €20,130 | €27,861 | +€7,731 | +38.4% |
| Taxes | 450/3 | €20,130 | €27,861 | +€7,731 | +38.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399 | €399 | = | 0.0% |
| Other operating charges | 640/8 | €2,344 | €1,310 | -€1,034 | -44.1% |
| Gross operating margin | 9900 | €10,259 | €19,436 | +€9,178 | +89.5% |
| Operating profit (loss) | 9901 | €7,515 | €17,727 | +€10,212 | +136% |
| Financial charges | 65/66B | €39 | €148 | +€109 | +280% |
| Recurring financial charges | 65 | €39 | €148 | +€109 | +280% |
| Profit (loss) for the period before taxes | 9903 | €7,476 | €17,579 | +€10,103 | +135% |
| Income taxes | 67/77 | €2,174 | €4,171 | +€1,996 | +91.8% |
| Profit (loss) for the period | 9904 | €5,302 | €13,408 | +€8,106 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €5,302 | €13,408 | +€8,106 | +153% |
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 24 October 2026 via checked.be.