MANI MUGHAL: 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 MUGHAL
Largest movements
- Tangible fixed assets +€13,808
up €13,808 (+760%), from €1,817 to €15,625
- Financial fixed assets +€2,029
new in 2025: €2,029
- Receivables within one year -€1,836
down €1,836 (-51.7%), from €3,554 to €1,718
- Cash +€1,630
up €1,630 (+205%), from €796 to €2,427
mainly Debts after one year (+€8,551) and Net result for the year (+€5,720)
- Debts after one year +€8,551
new in 2025: €8,551
- Profit (loss) carried forward +€5,720
up €5,720, from -€729 to €4,991
- Current portion of long-term debt +€2,039
new in 2025: €2,039
- Tax, wage and social debts -€895
down €895 (-15.4%), from €5,806 to €4,911
- Turnover +€56,846
new in 2025: €56,846
- Purchases and services +€45,016
new in 2025: €45,016
- Gross operating margin +€6,163
up €6,163 (+77.3%), from €7,977 to €14,140
- Taxes +€1,992
new in 2025: €1,992
- Depreciation +€1,719
up €1,719 (+102%), from €1,683 to €3,402
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 | €6,168 | €21,799 | +€15,631 | +253% |
| Fixed assets | 21/28 | €1,817 | €17,655 | +€15,838 | +872% |
| Tangible fixed assets | 22/27 | €1,817 | €15,625 | +€13,808 | +760% |
| Furniture and vehicles | 24 | €1,817 | €15,625 | +€13,808 | +760% |
| Financial fixed assets | 28 | - | €2,029 | +€2,029 | |
| Current assets | 29/58 | €4,351 | €4,145 | -€206 | -4.7% |
| Amounts receivable within one year | 40/41 | €3,554 | €1,718 | -€1,836 | -51.7% |
| Trade receivables | 40 | €3,554 | €1,718 | -€1,836 | -51.7% |
| Cash at bank and in hand | 54/58 | €796 | €2,427 | +€1,630 | +205% |
| Total equity and liabilities | 10/49 | €6,168 | €21,799 | +€15,631 | +253% |
| Equity | 10/15 | €271 | €5,991 | +€5,720 | +2,110% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€729 | €4,991 | +€5,720 | |
| Amounts payable | 17/49 | €5,897 | €15,808 | +€9,911 | +168% |
| Amounts payable after more than one year | 17 | - | €8,551 | +€8,551 | |
| Financial debts | 170/4 | - | €8,551 | +€8,551 | |
| Amounts payable within one year | 42/48 | €5,897 | €7,258 | +€1,361 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,039 | +€2,039 | |
| Trade debts | 44 | €91 | €307 | +€216 | +237% |
| Suppliers | 440/4 | €91 | €307 | +€216 | +237% |
| Taxes, remuneration and social security | 45 | €5,806 | €4,911 | -€895 | -15.4% |
| Taxes | 450/3 | €5,806 | €4,911 | -€895 | -15.4% |
| Turnover | 70 | - | €56,846 | +€56,846 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €45,016 | +€45,016 | |
| Remuneration, social security and pensions | 62 | €58 | - | -€58 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,683 | €3,402 | +€1,719 | +102% |
| Other operating charges | 640/8 | €779 | €2,421 | +€1,641 | +211% |
| Gross operating margin | 9900 | €7,977 | €14,140 | +€6,163 | +77.3% |
| Operating profit (loss) | 9901 | €5,457 | €8,318 | +€2,861 | +52.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €151 | €607 | +€455 | +301% |
| Recurring financial charges | 65 | €151 | €607 | +€455 | +301% |
| Profit (loss) for the period before taxes | 9903 | €5,306 | €7,712 | +€2,406 | +45.3% |
| Income taxes | 67/77 | - | €1,992 | +€1,992 | |
| Profit (loss) for the period | 9904 | €5,306 | €5,720 | +€414 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,306 | €5,720 | +€414 | +7.8% |
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 28 October 2026 via checked.be.