MANISE: 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.
MANISE
Largest movements
- Receivables within one year -€20,812
down €20,812 (-77.7%), from €26,776 to €5,964
of which Other amounts receivable: -€13,755
- Financial fixed assets -€20,000
down €20,000 (-26.7%), from €75,000 to €55,000
- Stocks and contracts -€17,890
down €17,890 (-24.9%), from €71,990 to €54,100
- Cash -€12,901
down €12,901 (-43.0%), from €29,999 to €17,098
mainly Other debts (-€22,500) and Investment in fixed assets (net) (-€20,509)
- Tangible fixed assets +€9,891
up €9,891 (+11.7%), from €84,555 to €94,446
of which Furniture and vehicles: +€20,845
- Other debts -€22,500
down €22,500 (-49.1%), from €45,811 to €23,311
- Trade debts -€18,841
down €18,841 (-95.0%), from €19,830 to €989
- Debts after one year -€15,318
down €15,318 (-50.0%), from €30,647 to €15,329
- Profit (loss) carried forward -€7,738
down €7,738 (-4.4%), from €174,223 to €166,485
- Turnover -€109,954
no longer reported in 2025 (was €109,954)
- Purchases and services -€40,647
no longer reported in 2025 (was €40,647)
- Depreciation +€13,800
up €13,800 (+82.1%), from €16,817 to €30,618
- Gross operating margin -€9,832
down €9,832 (-14.2%), from €69,307 to €59,474
- Staff costs -€2,360
down €2,360 (-6.9%), from €34,375 to €32,014
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 | €288,980 | €226,608 | -€62,372 | -21.6% |
| Fixed assets | 21/28 | €159,555 | €149,446 | -€10,109 | -6.3% |
| Tangible fixed assets | 22/27 | €84,555 | €94,446 | +€9,891 | +11.7% |
| Plant, machinery and equipment | 23 | €76 | - | -€76 | |
| Furniture and vehicles | 24 | €60,756 | €81,601 | +€20,845 | +34.3% |
| Leasing and similar rights | 25 | €23,724 | €12,846 | -€10,878 | -45.9% |
| Financial fixed assets | 28 | €75,000 | €55,000 | -€20,000 | -26.7% |
| Current assets | 29/58 | €129,424 | €77,162 | -€52,262 | -40.4% |
| Stocks and contracts in progress | 3 | €71,990 | €54,100 | -€17,890 | -24.9% |
| Stocks | 30/36 | €71,990 | €54,100 | -€17,890 | -24.9% |
| Amounts receivable within one year | 40/41 | €26,776 | €5,964 | -€20,812 | -77.7% |
| Trade receivables | 40 | €12,867 | €5,811 | -€7,057 | -54.8% |
| Other amounts receivable | 41 | €13,909 | €154 | -€13,755 | -98.9% |
| Cash at bank and in hand | 54/58 | €29,999 | €17,098 | -€12,901 | -43.0% |
| Deferred charges and accrued income | 490/1 | €660 | - | -€660 | |
| Total equity and liabilities | 10/49 | €288,980 | €226,608 | -€62,372 | -21.6% |
| Equity | 10/15 | €174,571 | €166,833 | -€7,738 | -4.4% |
| Reserves | 13 | €348 | €348 | = | 0.0% |
| Non-distributable reserves | 130/1 | €348 | €348 | = | 0.0% |
| Reserves not available under the articles | 1311 | €348 | €348 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,223 | €166,485 | -€7,738 | -4.4% |
| Amounts payable | 17/49 | €114,409 | €59,775 | -€54,633 | -47.8% |
| Amounts payable after more than one year | 17 | €30,647 | €15,329 | -€15,318 | -50.0% |
| Financial debts | 170/4 | €30,647 | €15,329 | -€15,318 | -50.0% |
| Amounts payable within one year | 42/48 | €83,761 | €44,446 | -€39,315 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €14,551 | €15,417 | +€867 | +6.0% |
| Trade debts | 44 | €19,830 | €989 | -€18,841 | -95.0% |
| Suppliers | 440/4 | €19,830 | €989 | -€18,841 | -95.0% |
| Taxes, remuneration and social security | 45 | €3,570 | €4,730 | +€1,160 | +32.5% |
| Taxes | 450/3 | - | €1,340 | +€1,340 | |
| Remuneration and social security | 454/9 | €3,570 | €3,390 | -€180 | -5.1% |
| Other amounts payable | 47/48 | €45,811 | €23,311 | -€22,500 | -49.1% |
| Turnover | 70 | €109,954 | - | -€109,954 | |
| Goods, raw materials, services and sundry goods | 60/61 | €40,647 | - | -€40,647 | |
| Remuneration, social security and pensions | 62 | €34,375 | €32,014 | -€2,360 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,817 | €30,618 | +€13,800 | +82.1% |
| Other operating charges | 640/8 | €1,884 | €2,954 | +€1,070 | +56.8% |
| Gross operating margin | 9900 | €69,307 | €59,474 | -€9,832 | -14.2% |
| Operating profit (loss) | 9901 | €16,231 | -€6,112 | -€22,343 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,770 | €1,284 | -€486 | -27.5% |
| Recurring financial charges | 65 | €1,770 | €1,284 | -€486 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €14,461 | -€7,395 | -€21,856 | |
| Income taxes | 67/77 | €271 | €343 | +€72 | +26.6% |
| Profit (loss) for the period | 9904 | €14,190 | -€7,738 | -€21,928 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,190 | -€7,738 | -€21,928 |
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 14 October 2026 via checked.be.