Manine: 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.
Manine
Largest movements
- Tangible fixed assets +€16,468
up €16,468 (+13.7%), from €120,166 to €136,634
of which Furniture and vehicles: +€29,030
- Cash +€10,645
up €10,645 (+291%), from €3,664 to €14,309
mainly Debts after one year (+€19,501) and Depreciation (+€18,559)
- Deferred charges and accrued income -€6,058
down €6,058 (-100%), from €6,058 to €0
- Debts after one year +€19,501
new in 2025: €19,501
- Short-term financial debts -€12,651
down €12,651 (-100%), from €12,651 to €0
- Reserves +€11,580
up €11,580 (+222%), from €5,226 to €16,806
- Current portion of long-term debt +€6,580
up €6,580, from €0 to €6,580
- Tax, wage and social debts -€1,851
down €1,851 (-70.6%), from €2,623 to €772
of which Remuneration and social security: -€2,600
- Gross operating margin +€37,265
up €37,265 (+5,103%), from €730 to €37,995
- Depreciation +€5,109
up €5,109 (+38.0%), from €13,451 to €18,559
- Taxes +€3,552
up €3,552 (+905%), from €392 to €3,945
- Financial charges +€1,489
up €1,489 (+173%), from €859 to €2,348
- Other operating charges -€551
down €551 (-26.0%), from €2,123 to €1,572
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 | €163,069 | €184,156 | +€21,087 | +12.9% |
| Fixed assets | 21/28 | €120,166 | €136,634 | +€16,468 | +13.7% |
| Tangible fixed assets | 22/27 | €120,166 | €136,634 | +€16,468 | +13.7% |
| Furniture and vehicles | 24 | €9,331 | €38,361 | +€29,030 | +311% |
| Other tangible fixed assets | 26 | €110,835 | €98,273 | -€12,562 | -11.3% |
| Current assets | 29/58 | €42,902 | €47,522 | +€4,620 | +10.8% |
| Amounts receivable within one year | 40/41 | €33,180 | €33,213 | +€33 | +0.1% |
| Trade receivables | 40 | €8,667 | €0 | -€8,667 | -100% |
| Other amounts receivable | 41 | €24,513 | €33,213 | +€8,700 | +35.5% |
| Cash at bank and in hand | 54/58 | €3,664 | €14,309 | +€10,645 | +291% |
| Deferred charges and accrued income | 490/1 | €6,058 | €0 | -€6,058 | -100% |
| Total equity and liabilities | 10/49 | €163,069 | €184,156 | +€21,087 | +12.9% |
| Equity | 10/15 | €141,631 | €153,211 | +€11,580 | +8.2% |
| Contributions | 10/11 | €152,500 | €152,500 | = | 0.0% |
| Reserves | 13 | €5,226 | €16,806 | +€11,580 | +222% |
| Distributable reserves | 133 | €5,226 | €16,806 | +€11,580 | +222% |
| Profit (loss) carried forward | 14 | -€16,095 | -€16,095 | = | 0.0% |
| Amounts payable | 17/49 | €21,438 | €30,945 | +€9,507 | +44.3% |
| Amounts payable after more than one year | 17 | - | €19,501 | +€19,501 | |
| Financial debts | 170/4 | - | €19,501 | +€19,501 | |
| Amounts payable within one year | 42/48 | €20,763 | €10,769 | -€9,994 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €6,580 | +€6,580 | |
| Financial debts | 43 | €12,651 | €0 | -€12,651 | -100% |
| Credit institutions | 430/8 | €12,651 | €0 | -€12,651 | -100% |
| Trade debts | 44 | €3,862 | €3,399 | -€464 | -12.0% |
| Suppliers | 440/4 | €3,862 | €3,399 | -€464 | -12.0% |
| Taxes, remuneration and social security | 45 | €2,623 | €772 | -€1,851 | -70.6% |
| Taxes | 450/3 | €23 | €772 | +€749 | +3,190% |
| Remuneration and social security | 454/9 | €2,600 | €0 | -€2,600 | -100% |
| Other amounts payable | 47/48 | €1,625 | €18 | -€1,608 | -98.9% |
| Accrued charges and deferred income | 492/3 | €675 | €675 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,451 | €18,559 | +€5,109 | +38.0% |
| Other operating charges | 640/8 | €2,123 | €1,572 | -€551 | -26.0% |
| Gross operating margin | 9900 | €730 | €37,995 | +€37,265 | +5,103% |
| Operating profit (loss) | 9901 | -€14,843 | €17,864 | +€32,707 | |
| Financial income | 75/76B | €0 | €9 | +€9 | |
| Recurring financial income | 75 | €0 | €9 | +€9 | |
| Financial charges | 65/66B | €859 | €2,348 | +€1,489 | +173% |
| Recurring financial charges | 65 | €859 | €2,348 | +€1,489 | +173% |
| Profit (loss) for the period before taxes | 9903 | -€15,702 | €15,525 | +€31,227 | |
| Income taxes | 67/77 | €392 | €3,945 | +€3,552 | +905% |
| Profit (loss) for the period | 9904 | -€16,095 | €11,580 | +€27,675 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,095 | €11,580 | +€27,675 |
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 13 October 2026 via checked.be.