MANIS: 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.
MANIS
Largest movements
- Cash -€20,536
down €20,536 (-48.7%), from €42,196 to €21,660
mainly Trade debts (-€69,297)
- Tangible fixed assets -€5,094
down €5,094 (-25.0%), from €20,375 to €15,281
- Trade debts -€69,297
down €69,297 (-64.3%), from €107,775 to €38,478
- Other debts +€22,148
up €22,148 (+23.7%), from €93,321 to €115,469
- Tax, wage and social debts +€11,990
up €11,990 (+32.9%), from €36,432 to €48,422
of which Remuneration and social security: +€17,995
- Profit (loss) carried forward +€9,529
up €9,529 (+7.5%), from -€127,418 to -€117,889
- Taxes -€101,370
no longer reported in 2025 (was €101,370)
- Gross operating margin +€79,570
up €79,570 (+128%), from €62,285 to €141,855
- Financial income -€61,165
no longer reported in 2025 (was €61,165)
of which Financial income: -€61,165
- Staff costs +€21,626
up €21,626 (+20.7%), from €104,697 to €126,323
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 | €128,921 | €103,291 | -€25,630 | -19.9% |
| Fixed assets | 21/28 | €38,675 | €33,581 | -€5,094 | -13.2% |
| Tangible fixed assets | 22/27 | €20,375 | €15,281 | -€5,094 | -25.0% |
| Other tangible fixed assets | 26 | €20,375 | €15,281 | -€5,094 | -25.0% |
| Financial fixed assets | 28 | €18,300 | €18,300 | = | 0.0% |
| Current assets | 29/58 | €90,246 | €69,710 | -€20,536 | -22.8% |
| Stocks and contracts in progress | 3 | €47,750 | €47,750 | = | 0.0% |
| Stocks | 30/36 | €47,750 | €47,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €300 | €300 | = | 0.0% |
| Trade receivables | 40 | - | €300 | +€300 | |
| Other amounts receivable | 41 | €300 | - | -€300 | |
| Cash at bank and in hand | 54/58 | €42,196 | €21,660 | -€20,536 | -48.7% |
| Total equity and liabilities | 10/49 | €128,921 | €103,291 | -€25,630 | -19.9% |
| Equity | 10/15 | -€108,607 | -€99,078 | +€9,529 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €211 | €211 | = | 0.0% |
| Non-distributable reserves | 130/1 | €211 | €211 | = | 0.0% |
| Reserves not available under the articles | 1311 | €211 | €211 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,418 | -€117,889 | +€9,529 | +7.5% |
| Amounts payable | 17/49 | €237,528 | €202,369 | -€35,159 | -14.8% |
| Amounts payable within one year | 42/48 | €237,528 | €202,369 | -€35,159 | -14.8% |
| Trade debts | 44 | €107,775 | €38,478 | -€69,297 | -64.3% |
| Suppliers | 440/4 | €107,775 | €38,478 | -€69,297 | -64.3% |
| Taxes, remuneration and social security | 45 | €36,432 | €48,422 | +€11,990 | +32.9% |
| Taxes | 450/3 | €16,870 | €10,865 | -€6,005 | -35.6% |
| Remuneration and social security | 454/9 | €19,562 | €37,557 | +€17,995 | +92.0% |
| Other amounts payable | 47/48 | €93,321 | €115,469 | +€22,148 | +23.7% |
| Remuneration, social security and pensions | 62 | €104,697 | €126,323 | +€21,626 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,094 | €5,094 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €851 | +€851 | |
| Other operating charges | 640/8 | €191 | - | -€191 | |
| Gross operating margin | 9900 | €62,285 | €141,855 | +€79,570 | +128% |
| Operating profit (loss) | 9901 | -€47,697 | €9,587 | +€57,284 | |
| Financial income | 75/76B | €61,165 | - | -€61,165 | |
| Recurring financial income | 75 | €61,165 | - | -€61,165 | |
| Non-recurring financial income | 76B | €61,165 | - | -€61,165 | |
| Financial charges | 65/66B | €49 | €58 | +€9 | +18.4% |
| Recurring financial charges | 65 | €49 | €58 | +€9 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €13,419 | €9,529 | -€3,890 | -29.0% |
| Income taxes | 67/77 | €101,370 | - | -€101,370 | |
| Profit (loss) for the period | 9904 | -€87,951 | €9,529 | +€97,480 | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,951 | €9,529 | +€97,480 |
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 15 October 2026 via checked.be.