MANIFOLD: what changed
MANIFOLD
Largest movements
- Cash +€89,927
up €89,927 (+37.6%), from €239,068 to €328,995
mainly Other debts (+€161,467) and Net result for the year (+€130,779)
- Receivables within one year +€17,163
up €17,163 (+95.3%), from €18,010 to €35,173
of which Trade receivables: +€8,764
- Tangible fixed assets -€10,582
down €10,582 (-19.7%), from €53,662 to €43,080
of which Furniture and vehicles: -€15,587
- Other debts +€161,467
up €161,467 (+1,013%), from €15,942 to €177,409
- Reserves -€50,971
down €50,971 (-21.4%), from €238,270 to €187,300
- Debts after one year -€14,190
down €14,190 (-46.0%), from €30,874 to €16,684
- Gross operating margin +€36,313
up €36,313 (+24.8%), from €146,164 to €182,478
- Taxes +€9,593
up €9,593 (+34.0%), from €28,178 to €37,771
- Financial income +€3,048
up €3,048 (+357%), from €853 to €3,901
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 | €313,261 | €409,635 | +€96,375 | +30.8% |
| Fixed assets | 21/28 | €53,662 | €43,080 | -€10,582 | -19.7% |
| Tangible fixed assets | 22/27 | €53,662 | €43,080 | -€10,582 | -19.7% |
| Land and buildings | 22 | €4,639 | €4,101 | -€538 | -11.6% |
| Plant, machinery and equipment | 23 | - | €5,542 | +€5,542 | |
| Furniture and vehicles | 24 | €49,023 | €33,436 | -€15,587 | -31.8% |
| Current assets | 29/58 | €259,599 | €366,556 | +€106,957 | +41.2% |
| Amounts receivable within one year | 40/41 | €18,010 | €35,173 | +€17,163 | +95.3% |
| Trade receivables | 40 | €18,010 | €26,774 | +€8,764 | +48.7% |
| Other amounts receivable | 41 | - | €8,399 | +€8,399 | |
| Cash at bank and in hand | 54/58 | €239,068 | €328,995 | +€89,927 | +37.6% |
| Deferred charges and accrued income | 490/1 | €2,521 | €2,388 | -€133 | -5.3% |
| Total equity and liabilities | 10/49 | €313,261 | €409,635 | +€96,375 | +30.8% |
| Equity | 10/15 | €239,270 | €188,300 | -€50,971 | -21.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €238,270 | €187,300 | -€50,971 | -21.4% |
| Distributable reserves | 133 | €238,270 | €187,300 | -€50,971 | -21.4% |
| Amounts payable | 17/49 | €73,990 | €221,336 | +€147,346 | +199% |
| Amounts payable after more than one year | 17 | €30,874 | €16,684 | -€14,190 | -46.0% |
| Financial debts | 170/4 | €30,874 | €16,684 | -€14,190 | -46.0% |
| Amounts payable within one year | 42/48 | €42,417 | €203,828 | +€161,411 | +381% |
| Current portion of amounts payable after more than one year | 42 | €14,088 | €14,190 | +€102 | +0.7% |
| Trade debts | 44 | €309 | €5 | -€304 | -98.4% |
| Suppliers | 440/4 | €309 | €5 | -€304 | -98.4% |
| Taxes, remuneration and social security | 45 | €12,078 | €12,224 | +€146 | +1.2% |
| Taxes | 450/3 | €12,078 | €12,224 | +€146 | +1.2% |
| Other amounts payable | 47/48 | €15,942 | €177,409 | +€161,467 | +1,013% |
| Accrued charges and deferred income | 492/3 | €700 | €824 | +€124 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,124 | €17,028 | +€904 | +5.6% |
| Other operating charges | 640/8 | €498 | €507 | +€9 | +1.8% |
| Gross operating margin | 9900 | €146,164 | €182,478 | +€36,313 | +24.8% |
| Operating profit (loss) | 9901 | €129,543 | €164,943 | +€35,400 | +27.3% |
| Financial income | 75/76B | €853 | €3,901 | +€3,048 | +357% |
| Recurring financial income | 75 | €853 | €3,901 | +€3,048 | +357% |
| Financial charges | 65/66B | €440 | €294 | -€146 | -33.2% |
| Recurring financial charges | 65 | €440 | €294 | -€146 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €129,956 | €168,550 | +€38,594 | +29.7% |
| Income taxes | 67/77 | €28,178 | €37,771 | +€9,593 | +34.0% |
| Profit (loss) for the period | 9904 | €101,778 | €130,779 | +€29,001 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €101,778 | €130,779 | +€29,001 | +28.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.