MANI PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets +€128,674
up €128,674 (+35.1%), from €367,115 to €495,789
of which Land and buildings: +€129,238
- Receivables within one year -€72,976
down €72,976 (-63.9%), from €114,170 to €41,194
of which Trade receivables: -€74,226
- Trade debts +€56,341
up €56,341 (+248%), from €22,680 to €79,021
- Debts after one year -€16,746
down €16,746 (-5.2%), from €322,531 to €305,785
- Tax, wage and social debts +€15,392
up €15,392 (+75.0%), from €20,517 to €35,909
of which Taxes: +€15,392
- Profit (loss) carried forward +€5,563
up €5,563 (+9.2%), from €60,644 to €66,207
- Gross operating margin -€20,980
down €20,980 (-44.5%), from €47,173 to €26,193
- Taxes -€5,074
down €5,074 (-78.5%), from €6,465 to €1,391
- Depreciation +€3,276
up €3,276 (+37.9%), from €8,633 to €11,910
- Financial charges +€1,223
up €1,223 (+20.0%), from €6,112 to €7,335
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 | €481,533 | €540,666 | +€59,133 | +12.3% |
| Fixed assets | 21/28 | €367,115 | €495,789 | +€128,674 | +35.1% |
| Tangible fixed assets | 22/27 | €367,115 | €495,789 | +€128,674 | +35.1% |
| Land and buildings | 22 | €364,394 | €493,632 | +€129,238 | +35.5% |
| Plant, machinery and equipment | 23 | €2,721 | €2,157 | -€564 | -20.7% |
| Current assets | 29/58 | €114,418 | €44,877 | -€69,542 | -60.8% |
| Amounts receivable within one year | 40/41 | €114,170 | €41,194 | -€72,976 | -63.9% |
| Trade receivables | 40 | €114,170 | €39,944 | -€74,226 | -65.0% |
| Other amounts receivable | 41 | - | €1,250 | +€1,250 | |
| Cash at bank and in hand | 54/58 | €249 | €3,683 | +€3,434 | +1,380% |
| Total equity and liabilities | 10/49 | €481,533 | €540,666 | +€59,133 | +12.3% |
| Equity | 10/15 | €63,144 | €68,707 | +€5,563 | +8.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,644 | €66,207 | +€5,563 | +9.2% |
| Amounts payable | 17/49 | €418,390 | €471,959 | +€53,569 | +12.8% |
| Amounts payable after more than one year | 17 | €322,531 | €305,785 | -€16,746 | -5.2% |
| Financial debts | 170/4 | €322,531 | €305,785 | -€16,746 | -5.2% |
| Amounts payable within one year | 42/48 | €95,858 | €166,174 | +€70,316 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | €17,818 | €19,490 | +€1,671 | +9.4% |
| Trade debts | 44 | €22,680 | €79,021 | +€56,341 | +248% |
| Suppliers | 440/4 | €22,680 | €79,021 | +€56,341 | +248% |
| Taxes, remuneration and social security | 45 | €20,517 | €35,909 | +€15,392 | +75.0% |
| Taxes | 450/3 | €20,517 | €35,909 | +€15,392 | +75.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €34,843 | €31,754 | -€3,089 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,633 | €11,910 | +€3,276 | +37.9% |
| Other operating charges | 640/8 | €105 | €0 | -€105 | -100% |
| Gross operating margin | 9900 | €47,173 | €26,193 | -€20,980 | -44.5% |
| Operating profit (loss) | 9901 | €38,434 | €14,284 | -€24,151 | -62.8% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €6,112 | €7,335 | +€1,223 | +20.0% |
| Recurring financial charges | 65 | €6,112 | €7,335 | +€1,223 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €32,323 | €6,954 | -€25,369 | -78.5% |
| Income taxes | 67/77 | €6,465 | €1,391 | -€5,074 | -78.5% |
| Profit (loss) for the period | 9904 | €25,858 | €5,563 | -€20,295 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,858 | €5,563 | -€20,295 | -78.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.