MANIFOLD TECHNOLOGIES: 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.
MANIFOLD TECHNOLOGIES
Largest movements
- Receivables within one year -€19,664
down €19,664 (-27.7%), from €70,906 to €51,243
of which Trade receivables: -€29,113
- Tangible fixed assets -€11,485
down €11,485 (-3.1%), from €367,035 to €355,550
of which Land and buildings: -€10,113
- Other debts -€54,518
down €54,518 (-55.9%), from €97,612 to €43,094
- Reserves +€41,982
up €41,982 (+53.1%), from €79,060 to €121,042
- Tax, wage and social debts -€13,578
down €13,578 (-39.6%), from €34,285 to €20,707
- Debts after one year -€7,726
down €7,726 (-3.8%), from €205,510 to €197,783
- Short-term financial debts +€6,667
new in 2025: €6,667
- Gross operating margin -€13,891
down €13,891 (-14.1%), from €98,306 to €84,415
- Depreciation -€5,582
down €5,582 (-30.8%), from €18,112 to €12,530
- Taxes -€5,100
down €5,100 (-25.7%), from €19,835 to €14,735
- Other operating charges +€2,559
up €2,559 (+139%), from €1,847 to €4,405
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 | €465,158 | €432,599 | -€32,559 | -7.0% |
| Fixed assets | 21/28 | €367,385 | €355,900 | -€11,485 | -3.1% |
| Tangible fixed assets | 22/27 | €367,035 | €355,550 | -€11,485 | -3.1% |
| Land and buildings | 22 | €363,764 | €353,650 | -€10,113 | -2.8% |
| Furniture and vehicles | 24 | €2,556 | €1,593 | -€963 | -37.7% |
| Other tangible fixed assets | 26 | €715 | €307 | -€409 | -57.1% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €97,773 | €76,699 | -€21,073 | -21.6% |
| Amounts receivable within one year | 40/41 | €70,906 | €51,243 | -€19,664 | -27.7% |
| Trade receivables | 40 | €70,906 | €41,793 | -€29,113 | -41.1% |
| Other amounts receivable | 41 | - | €9,450 | +€9,450 | |
| Cash at bank and in hand | 54/58 | €24,408 | €25,156 | +€748 | +3.1% |
| Deferred charges and accrued income | 490/1 | €2,458 | €300 | -€2,158 | -87.8% |
| Total equity and liabilities | 10/49 | €465,158 | €432,599 | -€32,559 | -7.0% |
| Equity | 10/15 | €97,660 | €139,642 | +€41,982 | +43.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,060 | €121,042 | +€41,982 | +53.1% |
| Distributable reserves | 133 | €79,060 | €121,042 | +€41,982 | +53.1% |
| Amounts payable | 17/49 | €367,498 | €292,957 | -€74,541 | -20.3% |
| Amounts payable after more than one year | 17 | €205,510 | €197,783 | -€7,726 | -3.8% |
| Financial debts | 170/4 | €205,510 | €197,783 | -€7,726 | -3.8% |
| Amounts payable within one year | 42/48 | €160,594 | €94,976 | -€65,618 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €8,424 | €7,726 | -€698 | -8.3% |
| Financial debts | 43 | - | €6,667 | +€6,667 | |
| Credit institutions | 430/8 | - | €6,667 | +€6,667 | |
| Trade debts | 44 | €20,273 | €16,782 | -€3,491 | -17.2% |
| Suppliers | 440/4 | €20,273 | €16,782 | -€3,491 | -17.2% |
| Taxes, remuneration and social security | 45 | €34,285 | €20,707 | -€13,578 | -39.6% |
| Taxes | 450/3 | €34,285 | €20,707 | -€13,578 | -39.6% |
| Other amounts payable | 47/48 | €97,612 | €43,094 | -€54,518 | -55.9% |
| Accrued charges and deferred income | 492/3 | €1,394 | €197 | -€1,196 | -85.8% |
| Non-recurring operating income | 76A | - | €113 | +€113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,112 | €12,530 | -€5,582 | -30.8% |
| Other operating charges | 640/8 | €1,847 | €4,405 | +€2,559 | +139% |
| Non-recurring operating charges | 66A | - | €1,262 | +€1,262 | |
| Gross operating margin | 9900 | €98,306 | €84,415 | -€13,891 | -14.1% |
| Operating profit (loss) | 9901 | €78,347 | €66,217 | -€12,130 | -15.5% |
| Financial income | 75/76B | €659 | €5 | -€653 | -99.2% |
| Recurring financial income | 75 | €659 | €5 | -€653 | -99.2% |
| Financial charges | 65/66B | €9,507 | €9,505 | -€2 | 0.0% |
| Recurring financial charges | 65 | €9,507 | €9,505 | -€2 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €69,499 | €56,717 | -€12,782 | -18.4% |
| Income taxes | 67/77 | €19,835 | €14,735 | -€5,100 | -25.7% |
| Profit (loss) for the period | 9904 | €49,664 | €41,982 | -€7,681 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,664 | €41,982 | -€7,681 | -15.5% |
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 17 October 2026 via checked.be.