MANIAX: what changed
MANIAX
Largest movements
- Cash +€17,150
up €17,150 (+119%), from €14,461 to €31,611
mainly Net result for the year (+€21,065) and Contributions, distributions and other (+€5,000)
- Receivables within one year -€3,373
down €3,373 (-10.4%), from €32,354 to €28,981
of which Trade receivables: -€10,323
- Deferred charges and accrued income +€2,762
new in 2025: €2,762
- Tangible fixed assets -€2,017
down €2,017 (-33.3%), from €6,050 to €4,033
- Reserves +€21,065
up €21,065 (+55.8%), from €37,764 to €58,829
- Trade debts -€9,918
down €9,918 (-75.5%), from €13,137 to €3,219
- Contributions +€5,000
new in 2025: €5,000
- Accrued charges and deferred income -€1,192
down €1,192 (-94.8%), from €1,257 to €65
- Tax, wage and social debts -€707
no longer reported in 2025 (was €707)
- Gross operating margin -€21,572
down €21,572 (-37.6%), from €57,432 to €35,859
- Taxes -€6,095
down €6,095 (-42.8%), from €14,250 to €8,155
- Financial charges +€1,707
up €1,707 (+81.5%), from €2,094 to €3,801
- Other operating charges -€1,124
down €1,124 (-57.8%), from €1,945 to €820
- Depreciation +€615
up €615 (+43.9%), from €1,402 to €2,017
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,865 | €67,387 | +€14,522 | +27.5% |
| Fixed assets | 21/28 | €6,050 | €4,033 | -€2,017 | -33.3% |
| Tangible fixed assets | 22/27 | €6,050 | €4,033 | -€2,017 | -33.3% |
| Plant, machinery and equipment | 23 | €6,050 | €4,033 | -€2,017 | -33.3% |
| Current assets | 29/58 | €46,815 | €63,355 | +€16,540 | +35.3% |
| Amounts receivable within one year | 40/41 | €32,354 | €28,981 | -€3,373 | -10.4% |
| Trade receivables | 40 | €30,175 | €19,852 | -€10,323 | -34.2% |
| Other amounts receivable | 41 | €2,179 | €9,129 | +€6,951 | +319% |
| Cash at bank and in hand | 54/58 | €14,461 | €31,611 | +€17,150 | +119% |
| Deferred charges and accrued income | 490/1 | - | €2,762 | +€2,762 | |
| Total equity and liabilities | 10/49 | €52,865 | €67,387 | +€14,522 | +27.5% |
| Equity | 10/15 | €37,764 | €63,829 | +€26,065 | +69.0% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Reserves | 13 | €37,764 | €58,829 | +€21,065 | +55.8% |
| Distributable reserves | 133 | €37,764 | €58,829 | +€21,065 | +55.8% |
| Amounts payable | 17/49 | €15,101 | €3,558 | -€11,543 | -76.4% |
| Amounts payable within one year | 42/48 | €13,844 | €3,493 | -€10,351 | -74.8% |
| Trade debts | 44 | €13,137 | €3,219 | -€9,918 | -75.5% |
| Suppliers | 440/4 | €13,137 | €3,219 | -€9,918 | -75.5% |
| Taxes, remuneration and social security | 45 | €707 | - | -€707 | |
| Taxes | 450/3 | €707 | - | -€707 | |
| Other amounts payable | 47/48 | - | €275 | +€275 | |
| Accrued charges and deferred income | 492/3 | €1,257 | €65 | -€1,192 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,402 | €2,017 | +€615 | +43.9% |
| Other operating charges | 640/8 | €1,945 | €820 | -€1,124 | -57.8% |
| Gross operating margin | 9900 | €57,432 | €35,859 | -€21,572 | -37.6% |
| Operating profit (loss) | 9901 | €54,085 | €33,022 | -€21,063 | -38.9% |
| Financial income | 75/76B | €23 | - | -€23 | |
| Recurring financial income | 75 | €23 | - | -€23 | |
| Financial charges | 65/66B | €2,094 | €3,801 | +€1,707 | +81.5% |
| Recurring financial charges | 65 | €2,094 | €3,801 | +€1,707 | +81.5% |
| Profit (loss) for the period before taxes | 9903 | €52,014 | €29,221 | -€22,793 | -43.8% |
| Income taxes | 67/77 | €14,250 | €8,155 | -€6,095 | -42.8% |
| Profit (loss) for the period | 9904 | €37,764 | €21,065 | -€16,698 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,764 | €21,065 | -€16,698 | -44.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.