MANI IMPEX: 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 IMPEX
Largest movements
- Stocks and contracts -€382,876
down €382,876 (-51.0%), from €751,389 to €368,513
- Receivables within one year -€71,833
down €71,833 (-5.8%), from €1.2m to €1.2m
of which Trade receivables: -€68,271
- Profit (loss) carried forward -€435,303
down €435,303 (-85.3%), from €510,595 to €75,293
- Debts after one year -€24,595
down €24,595 (-65.8%), from €37,371 to €12,776
- Write-downs -€604,033
no longer reported in 2025 (was €604,033)
- Gross operating margin -€332,412
down €332,412, from €84,598 to -€247,814
- Other operating charges +€87,120
up €87,120 (+116%), from €75,370 to €162,490
- Financial charges -€7,242
down €7,242 (-40.5%), from €17,859 to €10,617
- Taxes +€3,537
up €3,537, from -€44 to €3,493
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 | €2,219,776 | €1,778,128 | -€441,648 | -19.9% |
| Fixed assets | 21/28 | €205,907 | €222,868 | +€16,961 | +8.2% |
| Tangible fixed assets | 22/27 | €205,907 | €222,868 | +€16,961 | +8.2% |
| Land and buildings | 22 | €205,471 | €199,040 | -€6,431 | -3.1% |
| Furniture and vehicles | 24 | €436 | €23,828 | +€23,393 | +5,367% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €2,013,869 | €1,555,260 | -€458,609 | -22.8% |
| Stocks and contracts in progress | 3 | €751,389 | €368,513 | -€382,876 | -51.0% |
| Stocks | 30/36 | €751,389 | €368,513 | -€382,876 | -51.0% |
| Amounts receivable within one year | 40/41 | €1,242,958 | €1,171,125 | -€71,833 | -5.8% |
| Trade receivables | 40 | €1,238,420 | €1,170,149 | -€68,271 | -5.5% |
| Other amounts receivable | 41 | €4,538 | €976 | -€3,562 | -78.5% |
| Cash at bank and in hand | 54/58 | €18,137 | €15,071 | -€3,066 | -16.9% |
| Deferred charges and accrued income | 490/1 | €1,385 | €551 | -€834 | -60.2% |
| Total equity and liabilities | 10/49 | €2,219,776 | €1,778,128 | -€441,648 | -19.9% |
| Equity | 10/15 | €1,830,595 | €1,395,293 | -€435,303 | -23.8% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Reserves | 13 | €120,000 | €120,000 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €510,595 | €75,293 | -€435,303 | -85.3% |
| Amounts payable | 17/49 | €389,181 | €382,836 | -€6,345 | -1.6% |
| Amounts payable after more than one year | 17 | €37,371 | €12,776 | -€24,595 | -65.8% |
| Financial debts | 170/4 | €37,371 | €12,776 | -€24,595 | -65.8% |
| Amounts payable within one year | 42/48 | €351,810 | €370,059 | +€18,249 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €23,370 | €24,595 | +€1,224 | +5.2% |
| Trade debts | 44 | €2,261 | €2,544 | +€284 | +12.6% |
| Suppliers | 440/4 | €2,261 | €2,544 | +€284 | +12.6% |
| Other amounts payable | 47/48 | €326,179 | €342,920 | +€16,741 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,949 | €10,888 | -€62 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €604,033 | - | -€604,033 | |
| Other operating charges | 640/8 | €75,370 | €162,490 | +€87,120 | +116% |
| Gross operating margin | 9900 | €84,598 | -€247,814 | -€332,412 | |
| Operating profit (loss) | 9901 | -€605,754 | -€421,192 | +€184,562 | +30.5% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €17,859 | €10,617 | -€7,242 | -40.5% |
| Recurring financial charges | 65 | €17,859 | €10,617 | -€7,242 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | -€623,608 | -€431,809 | +€191,799 | +30.8% |
| Income taxes | 67/77 | -€44 | €3,493 | +€3,537 | |
| Profit (loss) for the period | 9904 | -€623,564 | -€435,303 | +€188,262 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€623,564 | -€435,303 | +€188,262 | +30.2% |
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.