MANIQUE: 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.
MANIQUE
Largest movements
- Financial fixed assets -€96,600
down €96,600 (-51.9%), from €186,269 to €89,669
- Receivables within one year +€50,019
up €50,019 (+115.5%), from €43,307 to €93,326
of which Other amounts receivable: +€50,019
- Cash -€28,682
down €28,682 (-8.8%), from €324,406 to €295,723
mainly Net result for the year (-€57,242) and Receivables within one year (-€50,019)
- Tangible fixed assets -€22,740
down €22,740 (-1.7%), from €1.3m to €1.3m
of which Land and buildings: -€36,428
- Reserves -€55,467
down €55,467 (-5.7%), from €971,546 to €916,079
of which Tax-exempt reserves: -€55,467
- Provisions -€28,561
down €28,561 (-10.6%), from €269,560 to €240,999
- Gross operating margin -€1.0m
down €1.0m (-99.4%), from €1.0m to €6,342
- Other operating charges -€63,204
down €63,204 (-85.5%), from €73,948 to €10,743
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 | €1,899,093 | €1,801,090 | -€98,003 | -5.2% |
| Fixed assets | 21/28 | €1,531,381 | €1,412,041 | -€119,340 | -7.8% |
| Tangible fixed assets | 22/27 | €1,345,111 | €1,322,372 | -€22,740 | -1.7% |
| Land and buildings | 22 | €1,345,111 | €1,308,683 | -€36,428 | -2.7% |
| Plant, machinery and equipment | 23 | - | €13,688 | +€13,688 | |
| Financial fixed assets | 28 | €186,269 | €89,669 | -€96,600 | -51.9% |
| Current assets | 29/58 | €367,712 | €389,049 | +€21,337 | +5.8% |
| Amounts receivable within one year | 40/41 | €43,307 | €93,326 | +€50,019 | +115.5% |
| Trade receivables | 40 | €33,676 | €33,676 | = | 0.0% |
| Other amounts receivable | 41 | €9,631 | €59,650 | +€50,019 | +519.4% |
| Cash at bank and in hand | 54/58 | €324,406 | €295,723 | -€28,682 | -8.8% |
| Total equity and liabilities | 10/49 | €1,899,093 | €1,801,090 | -€98,003 | -5.2% |
| Equity | 10/15 | €1,397,373 | €1,340,131 | -€57,242 | -4.1% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €971,546 | €916,079 | -€55,467 | -5.7% |
| Non-distributable reserves | 130/1 | €16,128 | €16,128 | = | 0.0% |
| Legal reserve | 130 | €16,128 | €16,128 | = | 0.0% |
| Tax-exempt reserves | 132 | €755,418 | €699,951 | -€55,467 | -7.3% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,827 | €49,052 | -€1,775 | -3.5% |
| Provisions and deferred taxes | 16 | €269,560 | €240,999 | -€28,561 | -10.6% |
| Deferred taxes | 168 | €269,560 | €240,999 | -€28,561 | -10.6% |
| Amounts payable | 17/49 | €232,160 | €219,960 | -€12,200 | -5.3% |
| Amounts payable after more than one year | 17 | €12,100 | €12,100 | = | 0.0% |
| Other amounts payable | 178/9 | €12,100 | €12,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €220,060 | €207,860 | -€12,200 | -5.5% |
| Trade debts | 44 | €641 | €752 | +€111 | +17.4% |
| Suppliers | 440/4 | €641 | €752 | +€111 | +17.4% |
| Other amounts payable | 47/48 | €219,420 | €207,108 | -€12,311 | -5.6% |
| Non-recurring operating income | 76A | €1,343,865 | - | -€1.3m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,752 | €91,771 | +€6,018 | +7.0% |
| Other operating charges | 640/8 | €73,948 | €10,743 | -€63,204 | -85.5% |
| Gross operating margin | 9900 | €1,010,014 | €6,342 | -€1.0m | -99.4% |
| Operating profit (loss) | 9901 | €850,314 | -€96,172 | -€946,486 | |
| Financial income | 75/76B | €3,028 | €10,490 | +€7,462 | +246.4% |
| Recurring financial income | 75 | €3,028 | €10,490 | +€7,462 | +246.4% |
| Financial charges | 65/66B | €874 | €120 | -€754 | -86.2% |
| Recurring financial charges | 65 | €874 | €120 | -€754 | -86.2% |
| Profit (loss) for the period before taxes | 9903 | €852,468 | -€85,803 | -€938,271 | |
| Transfer from deferred taxes | 780 | €143,559 | €28,561 | -€114,998 | -80.1% |
| Transfer to deferred taxes | 680 | €349,716 | - | -€349,716 | |
| Profit (loss) for the period | 9904 | €646,311 | -€57,242 | -€703,552 | |
| Transfer from tax-exempt reserves | 789 | €416,860 | €55,467 | -€361,394 | -86.7% |
| Transfer to tax-exempt reserves | 689 | €1,049,149 | - | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €14,022 | -€1,775 | -€15,797 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.