Manibo: what changed
Two fiscal 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.
Manibo
Largest movements
- Receivables within one year +€31,655
up €31,655 (+195.8%), from €16,168 to €47,823
of which Trade receivables: +€16,949
- Tangible fixed assets -€18,254
down €18,254 (-3.2%), from €564,566 to €546,312
of which Furniture and vehicles: -€13,762
- Receivables after one year -€13,223
down €13,223 (-3.9%), from €343,225 to €330,002
- Cash +€13,203
up €13,203 (+14.3%), from €92,237 to €105,439
mainly Net result for the year (+€113,292) and Other debts (+€54,141)
- Other debts +€54,141
new in 2025: €54,141
- Debts after one year -€47,966
down €47,966 (-13.8%), from €346,613 to €298,647
- Trade debts +€19,431
up €19,431 (+622.1%), from €3,123 to €22,554
- Gross operating margin +€45,663
up €45,663 (+36.4%), from €125,523 to €171,187
- Financial income +€8,305
up €8,305 (+67.9%), from €12,228 to €20,533
- Taxes +€2,350
up €2,350 (+8.8%), from €26,588 to €28,938
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.
Cash bridge derived
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 | €1,088,903 | €1,106,907 | +€18,003 | +1.7% |
| Fixed assets | 21/28 | €564,566 | €546,312 | -€18,254 | -3.2% |
| Tangible fixed assets | 22/27 | €564,566 | €546,312 | -€18,254 | -3.2% |
| Land and buildings | 22 | €544,915 | €540,424 | -€4,492 | -0.8% |
| Furniture and vehicles | 24 | €19,651 | €5,888 | -€13,762 | -70.0% |
| Current assets | 29/58 | €524,337 | €560,595 | +€36,257 | +6.9% |
| Amounts receivable after more than one year | 29 | €343,225 | €330,002 | -€13,223 | -3.9% |
| Other amounts receivable | 291 | €343,225 | €330,002 | -€13,223 | -3.9% |
| Amounts receivable within one year | 40/41 | €16,168 | €47,823 | +€31,655 | +195.8% |
| Trade receivables | 40 | €603 | €17,553 | +€16,949 | +2808.6% |
| Other amounts receivable | 41 | €15,564 | €30,270 | +€14,706 | +94.5% |
| Current investments | 50/53 | €70,549 | €68,312 | -€2,236 | -3.2% |
| Cash at bank and in hand | 54/58 | €92,237 | €105,439 | +€13,203 | +14.3% |
| Deferred charges and accrued income | 490/1 | €2,159 | €9,018 | +€6,859 | +317.6% |
| Total equity and liabilities | 10/49 | €1,088,903 | €1,106,907 | +€18,003 | +1.7% |
| Equity | 10/15 | €585,437 | €585,949 | +€512 | +0.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €521,868 | €521,868 | = | 0.0% |
| Distributable reserves | 133 | €521,868 | €521,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,569 | €63,081 | +€512 | +0.8% |
| Provisions and deferred taxes | 16 | €87,113 | €87,113 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €87,113 | €87,113 | = | 0.0% |
| Pensions and similar obligations | 160 | €87,113 | €87,113 | = | 0.0% |
| Amounts payable | 17/49 | €416,353 | €433,845 | +€17,492 | +4.2% |
| Amounts payable after more than one year | 17 | €346,613 | €298,647 | -€47,966 | -13.8% |
| Financial debts | 170/4 | €346,613 | €298,647 | -€47,966 | -13.8% |
| Amounts payable within one year | 42/48 | €69,741 | €135,118 | +€65,377 | +93.7% |
| Current portion of amounts payable after more than one year | 42 | €48,587 | €49,275 | +€688 | +1.4% |
| Trade debts | 44 | €3,123 | €22,554 | +€19,431 | +622.1% |
| Suppliers | 440/4 | €3,123 | €22,554 | +€19,431 | +622.1% |
| Taxes, remuneration and social security | 45 | €18,031 | €9,148 | -€8,882 | -49.3% |
| Taxes | 450/3 | €18,031 | €9,148 | -€8,882 | -49.3% |
| Other amounts payable | 47/48 | - | €54,141 | +€54,141 | |
| Accrued charges and deferred income | 492/3 | - | €80 | +€80 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,082 | €36,409 | +€327 | +0.9% |
| Other operating charges | 640/8 | €3,685 | €3,780 | +€95 | +2.6% |
| Gross operating margin | 9900 | €125,523 | €171,187 | +€45,663 | +36.4% |
| Operating profit (loss) | 9901 | €85,756 | €130,997 | +€45,241 | +52.8% |
| Financial income | 75/76B | €12,228 | €20,533 | +€8,305 | +67.9% |
| Recurring financial income | 75 | €12,228 | €20,533 | +€8,305 | +67.9% |
| Financial charges | 65/66B | €8,827 | €9,300 | +€473 | +5.4% |
| Recurring financial charges | 65 | €8,827 | €9,300 | +€473 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €89,157 | €142,230 | +€53,073 | +59.5% |
| Income taxes | 67/77 | €26,588 | €28,938 | +€2,350 | +8.8% |
| Profit (loss) for the period | 9904 | €62,569 | €113,292 | +€50,723 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,569 | €113,292 | +€50,723 | +81.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.