MANICK: 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.
MANICK
Largest movements
- Tangible fixed assets -€15,002
down €15,002 (-5.5%), from €274,069 to €259,066
of which Furniture and vehicles: -€17,090
- Cash -€6,085
down €6,085 (-14.8%), from €40,986 to €34,901
mainly Other debts (-€41,488) and Investment in fixed assets (net) (-€30,119)
- Receivables within one year +€4,072
up €4,072 (+336.2%), from €1,211 to €5,283
- Profit (loss) carried forward +€47,156
up €47,156 (+40.1%), from -€117,462 to -€70,306
- Other debts -€41,488
down €41,488 (-82.7%), from €50,147 to €8,658
- Debts after one year -€23,878
down €23,878 (-15.1%), from €158,121 to €134,243
- Advances received +€5,600
new in 2025: €5,600
- Gross operating margin +€114,073
up €114,073, from -€14,066 to €100,007
- Depreciation +€14,330
up €14,330 (+46.5%), from €30,792 to €45,121
- Other operating charges -€5,000
down €5,000 (-95.1%), from €5,256 to €256
- Financial charges +€1,675
up €1,675 (+21.8%), from €7,680 to €9,356
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 | €327,246 | €310,064 | -€17,182 | -5.3% |
| Fixed assets | 21/28 | €276,569 | €261,566 | -€15,002 | -5.4% |
| Tangible fixed assets | 22/27 | €274,069 | €259,066 | -€15,002 | -5.5% |
| Plant, machinery and equipment | 23 | €17,114 | €13,827 | -€3,287 | -19.2% |
| Furniture and vehicles | 24 | €48,268 | €31,177 | -€17,090 | -35.4% |
| Other tangible fixed assets | 26 | €208,687 | €214,062 | +€5,375 | +2.6% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €50,678 | €48,498 | -€2,180 | -4.3% |
| Stocks and contracts in progress | 3 | €4,629 | €5,409 | +€780 | +16.9% |
| Stocks | 30/36 | €4,629 | €5,409 | +€780 | +16.9% |
| Amounts receivable within one year | 40/41 | €1,211 | €5,283 | +€4,072 | +336.2% |
| Trade receivables | 40 | €1,211 | €5,283 | +€4,072 | +336.2% |
| Cash at bank and in hand | 54/58 | €40,986 | €34,901 | -€6,085 | -14.8% |
| Deferred charges and accrued income | 490/1 | €3,852 | €2,905 | -€947 | -24.6% |
| Total equity and liabilities | 10/49 | €327,246 | €310,064 | -€17,182 | -5.3% |
| Equity | 10/15 | €75,133 | €120,267 | +€45,134 | +60.1% |
| Contributions | 10/11 | €20,440 | €20,440 | = | 0.0% |
| Reserves | 13 | €172,155 | €170,133 | -€2,023 | -1.2% |
| Distributable reserves | 133 | €172,155 | €170,133 | -€2,023 | -1.2% |
| Profit (loss) carried forward | 14 | -€117,462 | -€70,306 | +€47,156 | +40.1% |
| Amounts payable | 17/49 | €252,113 | €189,797 | -€62,316 | -24.7% |
| Amounts payable after more than one year | 17 | €158,121 | €134,243 | -€23,878 | -15.1% |
| Financial debts | 170/4 | €158,121 | €134,243 | -€23,878 | -15.1% |
| Amounts payable within one year | 42/48 | €93,704 | €55,255 | -€38,449 | -41.0% |
| Current portion of amounts payable after more than one year | 42 | €23,178 | €23,878 | +€701 | +3.0% |
| Trade debts | 44 | €14,602 | €11,944 | -€2,658 | -18.2% |
| Suppliers | 440/4 | €14,602 | €11,944 | -€2,658 | -18.2% |
| Advances received on contracts in progress | 46 | - | €5,600 | +€5,600 | |
| Taxes, remuneration and social security | 45 | €5,778 | €5,175 | -€603 | -10.4% |
| Taxes | 450/3 | €5,778 | €5,175 | -€603 | -10.4% |
| Other amounts payable | 47/48 | €50,147 | €8,658 | -€41,488 | -82.7% |
| Accrued charges and deferred income | 492/3 | €289 | €300 | +€11 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,792 | €45,121 | +€14,330 | +46.5% |
| Other operating charges | 640/8 | €5,256 | €256 | -€5,000 | -95.1% |
| Gross operating margin | 9900 | -€14,066 | €100,007 | +€114,073 | |
| Operating profit (loss) | 9901 | -€50,113 | €54,630 | +€104,743 | |
| Financial income | 75/76B | €1 | €12 | +€11 | +2125.9% |
| Recurring financial income | 75 | €1 | €12 | +€11 | +2125.9% |
| Financial charges | 65/66B | €7,680 | €9,356 | +€1,675 | +21.8% |
| Recurring financial charges | 65 | €7,680 | €9,356 | +€1,675 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | -€57,793 | €45,286 | +€103,079 | |
| Income taxes | 67/77 | €160 | €152 | -€8 | -4.7% |
| Profit (loss) for the period | 9904 | -€57,953 | €45,134 | +€103,087 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,953 | €45,134 | +€103,087 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.