MANICOUR: 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.
MANICOUR
Largest movements
- Stocks and contracts +€1,250
new in 2025: €1,250
- Receivables within one year +€1,059
up €1,059 (+73.5%), from €1,441 to €2,500
- Cash -€523
down €523 (-54.3%), from €964 to €440
mainly Net result for the year (-€6,377) and Stocks and contracts (-€1,250)
- Tangible fixed assets -€260
down €260 (-80.0%), from €325 to €65
- Profit (loss) carried forward -€6,377
down €6,377 (-17.9%), from -€35,709 to -€42,086
- Other debts +€4,550
up €4,550 (+19.3%), from €23,625 to €28,175
- Trade debts +€3,036
up €3,036 (+196.8%), from €1,542 to €4,578
- Tax, wage and social debts +€317
up €317 (+117.0%), from €271 to €588
- Gross operating margin +€1,313
up €1,313 (+17.8%), from -€7,393 to -€6,081
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 | €2,730 | €4,255 | +€1,526 | +55.9% |
| Fixed assets | 21/28 | €325 | €65 | -€260 | -80.0% |
| Tangible fixed assets | 22/27 | €325 | €65 | -€260 | -80.0% |
| Furniture and vehicles | 24 | €325 | €65 | -€260 | -80.0% |
| Current assets | 29/58 | €2,404 | €4,190 | +€1,786 | +74.3% |
| Stocks and contracts in progress | 3 | - | €1,250 | +€1,250 | |
| Stocks | 30/36 | - | €1,250 | +€1,250 | |
| Amounts receivable within one year | 40/41 | €1,441 | €2,500 | +€1,059 | +73.5% |
| Trade receivables | 40 | €1,441 | €2,500 | +€1,059 | +73.5% |
| Cash at bank and in hand | 54/58 | €964 | €440 | -€523 | -54.3% |
| Total equity and liabilities | 10/49 | €2,730 | €4,255 | +€1,526 | +55.9% |
| Equity | 10/15 | -€22,709 | -€29,086 | -€6,377 | -28.1% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,709 | -€42,086 | -€6,377 | -17.9% |
| Amounts payable | 17/49 | €25,439 | €33,342 | +€7,903 | +31.1% |
| Amounts payable within one year | 42/48 | €25,439 | €33,342 | +€7,903 | +31.1% |
| Trade debts | 44 | €1,542 | €4,578 | +€3,036 | +196.8% |
| Suppliers | 440/4 | €1,542 | €4,578 | +€3,036 | +196.8% |
| Taxes, remuneration and social security | 45 | €271 | €588 | +€317 | +117.0% |
| Taxes | 450/3 | €271 | €588 | +€317 | +117.0% |
| Other amounts payable | 47/48 | €23,625 | €28,175 | +€4,550 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260 | €260 | = | 0.0% |
| Gross operating margin | 9900 | -€7,393 | -€6,081 | +€1,313 | +17.8% |
| Operating profit (loss) | 9901 | -€7,654 | -€6,341 | +€1,313 | +17.1% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €35 | €36 | +€1 | +2.3% |
| Recurring financial charges | 65 | €35 | €36 | +€1 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,684 | -€6,377 | +€1,307 | +17.0% |
| Profit (loss) for the period | 9904 | -€7,684 | -€6,377 | +€1,307 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,684 | -€6,377 | +€1,307 | +17.0% |
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.