MANIGO: 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.
MANIGO
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+434%), from €298,382 to €1.6m
of which Land and buildings: +€813,540
- Receivables within one year +€264,009
up €264,009 (+743%), from €35,520 to €299,529
of which Other amounts receivable: +€262,395
- Debts after one year +€1.4m
up €1.4m (+1,058%), from €131,574 to €1.5m
- Other debts +€443,593
up €443,593 (+399%), from €111,049 to €554,642
- Profit (loss) carried forward -€325,679
down €325,679 (-386%), from -€84,476 to -€410,155
- Current portion of long-term debt +€60,404
up €60,404 (+1,763%), from €3,426 to €63,831
- Depreciation +€178,456
up €178,456 (+1,006%), from €17,739 to €196,195
- Gross operating margin -€60,318
down €60,318 (-782%), from -€7,717 to -€68,035
- Financial charges +€50,493
up €50,493 (+1,853%), from €2,724 to €53,217
- Other operating charges -€8,945
down €8,945 (-52.1%), from €17,183 to €8,239
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 | €337,490 | €1,916,494 | +€1.6m | +468% |
| Fixed assets | 21/28 | €298,382 | €1,594,722 | +€1.3m | +434% |
| Tangible fixed assets | 22/27 | €298,382 | €1,594,722 | +€1.3m | +434% |
| Land and buildings | 22 | €94,808 | €908,348 | +€813,540 | +858% |
| Plant, machinery and equipment | 23 | - | €1,204 | +€1,204 | |
| Furniture and vehicles | 24 | - | €1,425 | +€1,425 | |
| Other tangible fixed assets | 26 | €118,574 | €683,745 | +€565,170 | +477% |
| Assets under construction and advance payments | 27 | €85,000 | €0 | -€85,000 | -100% |
| Current assets | 29/58 | €39,108 | €321,772 | +€282,665 | +723% |
| Amounts receivable within one year | 40/41 | €35,520 | €299,529 | +€264,009 | +743% |
| Trade receivables | 40 | €3,930 | €5,545 | +€1,615 | +41.1% |
| Other amounts receivable | 41 | €31,590 | €293,984 | +€262,395 | +831% |
| Cash at bank and in hand | 54/58 | €3,564 | €20,451 | +€16,887 | +474% |
| Deferred charges and accrued income | 490/1 | €24 | €1,792 | +€1,768 | +7,486% |
| Total equity and liabilities | 10/49 | €337,490 | €1,916,494 | +€1.6m | +468% |
| Equity | 10/15 | €64,549 | -€261,130 | -€325,679 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €130,433 | €130,433 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €128,574 | €128,574 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,476 | -€410,155 | -€325,679 | -386% |
| Amounts payable | 17/49 | €272,941 | €2,177,624 | +€1.9m | +698% |
| Amounts payable after more than one year | 17 | €131,574 | €1,523,271 | +€1.4m | +1,058% |
| Financial debts | 170/4 | €131,574 | €1,523,271 | +€1.4m | +1,058% |
| Amounts payable within one year | 42/48 | €141,367 | €654,353 | +€512,986 | +363% |
| Current portion of amounts payable after more than one year | 42 | €3,426 | €63,831 | +€60,404 | +1,763% |
| Trade debts | 44 | €26,892 | €35,880 | +€8,989 | +33.4% |
| Suppliers | 440/4 | €26,892 | €35,880 | +€8,989 | +33.4% |
| Other amounts payable | 47/48 | €111,049 | €554,642 | +€443,593 | +399% |
| Remuneration, social security and pensions | 62 | €363 | €0 | -€363 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,739 | €196,195 | +€178,456 | +1,006% |
| Other operating charges | 640/8 | €17,183 | €8,239 | -€8,945 | -52.1% |
| Gross operating margin | 9900 | -€7,717 | -€68,035 | -€60,318 | -782% |
| Operating profit (loss) | 9901 | -€43,002 | -€272,468 | -€229,466 | -534% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €2,724 | €53,217 | +€50,493 | +1,853% |
| Recurring financial charges | 65 | €2,724 | €53,217 | +€50,493 | +1,853% |
| Profit (loss) for the period before taxes | 9903 | -€45,727 | -€325,679 | -€279,953 | -612% |
| Profit (loss) for the period | 9904 | -€45,727 | -€325,679 | -€279,953 | -612% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,727 | -€325,679 | -€279,953 | -612% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.