MANIM: 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.
MANIM
Largest movements
- Receivables within one year +€234,096
up €234,096 (+9.8%), from €2.4m to €2.6m
of which Other amounts receivable: +€234,096
- Reserves +€168,478
up €168,478 (+6.5%), from €2.6m to €2.8m
of which Distributable reserves: +€168,478
- Tax, wage and social debts +€54,620
up €54,620 (+363.2%), from €15,039 to €69,659
- Gross operating margin +€194,606
up €194,606, from -€8,436 to €186,169
- Taxes +€53,101
up €53,101 (+645.3%), from €8,229 to €61,330
- Financial charges -€3,628
down €3,628 (-84.9%), from €4,276 to €648
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 | €3,203,765 | €3,398,748 | +€194,983 | +6.1% |
| Fixed assets | 21/28 | €382,917 | €382,917 | = | 0.0% |
| Tangible fixed assets | 22/27 | €382,917 | €382,917 | = | 0.0% |
| Land and buildings | 22 | €382,917 | €382,917 | = | 0.0% |
| Current assets | 29/58 | €2,820,848 | €3,015,832 | +€194,983 | +6.9% |
| Amounts receivable after more than one year | 29 | €241,200 | €241,200 | = | 0.0% |
| Trade receivables | 290 | €241,200 | €241,200 | = | 0.0% |
| Stocks and contracts in progress | 3 | €153,760 | €153,760 | = | 0.0% |
| Stocks | 30/36 | €153,760 | €153,760 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,386,395 | €2,620,491 | +€234,096 | +9.8% |
| Trade receivables | 40 | €31,927 | €31,927 | = | 0.0% |
| Other amounts receivable | 41 | €2,354,468 | €2,588,564 | +€234,096 | +9.9% |
| Cash at bank and in hand | 54/58 | €7,302 | €107 | -€7,195 | -98.5% |
| Deferred charges and accrued income | 490/1 | €32,191 | €273 | -€31,918 | -99.2% |
| Total equity and liabilities | 10/49 | €3,203,765 | €3,398,748 | +€194,983 | +6.1% |
| Equity | 10/15 | €2,658,413 | €2,826,891 | +€168,478 | +6.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,596,413 | €2,764,891 | +€168,478 | +6.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,590,213 | €2,758,691 | +€168,478 | +6.5% |
| Amounts payable | 17/49 | €545,352 | €571,857 | +€26,505 | +4.9% |
| Amounts payable after more than one year | 17 | €123,947 | €123,947 | = | 0.0% |
| Financial debts | 170/4 | €123,947 | €123,947 | = | 0.0% |
| Amounts payable within one year | 42/48 | €421,406 | €447,911 | +€26,505 | +6.3% |
| Trade debts | 44 | €406,366 | €378,251 | -€28,115 | -6.9% |
| Suppliers | 440/4 | €406,366 | €378,251 | -€28,115 | -6.9% |
| Taxes, remuneration and social security | 45 | €15,039 | €69,659 | +€54,620 | +363.2% |
| Taxes | 450/3 | €15,039 | €69,659 | +€54,620 | +363.2% |
| Other operating charges | 640/8 | €1,677 | €1,709 | +€33 | +2.0% |
| Gross operating margin | 9900 | -€8,436 | €186,169 | +€194,606 | |
| Operating profit (loss) | 9901 | -€10,113 | €184,460 | +€194,573 | |
| Financial income | 75/76B | €44,955 | €45,996 | +€1,041 | +2.3% |
| Recurring financial income | 75 | €44,955 | €45,996 | +€1,041 | +2.3% |
| Financial charges | 65/66B | €4,276 | €648 | -€3,628 | -84.9% |
| Recurring financial charges | 65 | €4,276 | €648 | -€3,628 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €30,566 | €229,808 | +€199,242 | +651.8% |
| Income taxes | 67/77 | €8,229 | €61,330 | +€53,101 | +645.3% |
| Profit (loss) for the period | 9904 | €22,337 | €168,478 | +€146,142 | +654.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,337 | €168,478 | +€146,142 | +654.3% |
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 6 October 2026 via checked.be.