Manifico: 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.
Manifico
Largest movements
- Cash -€50,348
down €50,348 (-64.6%), from €77,935 to €27,587
mainly Other debts (-€57,542) and Contributions, distributions and other (-€14,192)
- Financial fixed assets -€42,500
down €42,500 (-68.0%), from €62,500 to €20,000
- Tangible fixed assets +€6,813
up €6,813 (+484%), from €1,407 to €8,220
of which Furniture and vehicles: +€7,313
- Other debts -€57,542
down €57,542 (-100%), from €57,542 to €0
- Profit (loss) carried forward -€24,200
down €24,200, from €14,192 to -€10,007
- Tax, wage and social debts -€3,415
down €3,415 (-13.7%), from €24,994 to €21,579
of which Taxes: -€3,115
- Gross operating margin -€16,772
down €16,772 (-56.4%), from €29,731 to €12,959
- Financial charges +€12,586
up €12,586 (+237%), from €5,304 to €17,890
of which Non-recurring financial charges: +€17,231
- Taxes -€3,626
down €3,626 (-52.0%), from €6,978 to €3,352
- Depreciation -€1,001
down €1,001 (-63.3%), from €1,582 to €581
- Other operating charges -€654
down €654 (-39.1%), from €1,674 to €1,020
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 | €169,832 | €83,183 | -€86,649 | -51.0% |
| Fixed assets | 21/28 | €63,907 | €28,220 | -€35,687 | -55.8% |
| Tangible fixed assets | 22/27 | €1,407 | €8,220 | +€6,813 | +484% |
| Land and buildings | 22 | €1,364 | €864 | -€500 | -36.6% |
| Furniture and vehicles | 24 | €43 | €7,356 | +€7,313 | +17,091% |
| Financial fixed assets | 28 | €62,500 | €20,000 | -€42,500 | -68.0% |
| Current assets | 29/58 | €105,925 | €54,963 | -€50,962 | -48.1% |
| Amounts receivable within one year | 40/41 | €27,225 | €26,645 | -€580 | -2.1% |
| Trade receivables | 40 | €27,225 | €10,705 | -€16,520 | -60.7% |
| Other amounts receivable | 41 | - | €15,939 | +€15,939 | |
| Cash at bank and in hand | 54/58 | €77,935 | €27,587 | -€50,348 | -64.6% |
| Deferred charges and accrued income | 490/1 | €765 | €732 | -€33 | -4.4% |
| Total equity and liabilities | 10/49 | €169,832 | €83,183 | -€86,649 | -51.0% |
| Equity | 10/15 | €83,440 | €59,240 | -€24,200 | -29.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €59,247 | €59,247 | = | 0.0% |
| Distributable reserves | 133 | €59,247 | €59,247 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,192 | -€10,007 | -€24,200 | |
| Amounts payable | 17/49 | €86,393 | €23,943 | -€62,449 | -72.3% |
| Amounts payable within one year | 42/48 | €86,393 | €23,943 | -€62,449 | -72.3% |
| Trade debts | 44 | €3,856 | €2,364 | -€1,492 | -38.7% |
| Suppliers | 440/4 | €3,856 | €2,364 | -€1,492 | -38.7% |
| Taxes, remuneration and social security | 45 | €24,994 | €21,579 | -€3,415 | -13.7% |
| Taxes | 450/3 | €21,144 | €18,029 | -€3,115 | -14.7% |
| Remuneration and social security | 454/9 | €3,850 | €3,550 | -€300 | -7.8% |
| Other amounts payable | 47/48 | €57,542 | €0 | -€57,542 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,582 | €581 | -€1,001 | -63.3% |
| Other operating charges | 640/8 | €1,674 | €1,020 | -€654 | -39.1% |
| Non-recurring operating charges | 66A | - | €343 | +€343 | |
| Gross operating margin | 9900 | €29,731 | €12,959 | -€16,772 | -56.4% |
| Operating profit (loss) | 9901 | €26,474 | €11,014 | -€15,460 | -58.4% |
| Financial income | 75/76B | €0 | €220 | +€220 | +219,760% |
| Recurring financial income | 75 | €0 | €220 | +€220 | +219,760% |
| Financial charges | 65/66B | €5,304 | €17,890 | +€12,586 | +237% |
| Recurring financial charges | 65 | €5,304 | €659 | -€4,645 | -87.6% |
| Non-recurring financial charges | 66B | - | €17,231 | +€17,231 | |
| Profit (loss) for the period before taxes | 9903 | €21,171 | -€6,655 | -€27,826 | |
| Income taxes | 67/77 | €6,978 | €3,352 | -€3,626 | -52.0% |
| Profit (loss) for the period | 9904 | €14,192 | -€10,007 | -€24,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,192 | -€10,007 | -€24,200 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.