MANITAS: 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.
MANITAS
Largest movements
- Cash -€57,253
down €57,253 (-50.3%), from €113,862 to €56,609
mainly Net result for the year (-€75,682) and Other debts (-€15,000)
- Receivables within one year -€25,036
down €25,036 (-83.9%), from €29,851 to €4,815
of which Trade receivables: -€21,761
- Stocks and contracts -€9,904
no longer reported in 2025 (was €9,904)
- Tangible fixed assets -€2,307
down €2,307 (-100.0%), from €2,307 to €0
- Profit (loss) carried forward -€75,682
down €75,682, from €48,124 to -€27,558
- Other debts -€15,000
down €15,000 (-75.0%), from €20,000 to €5,000
- Tax, wage and social debts -€11,042
down €11,042 (-55.6%), from €19,843 to €8,802
of which Taxes: -€9,239
- Trade debts +€6,774
up €6,774 (+11.1%), from €60,906 to €67,681
- Staff costs +€87,140
up €87,140 (+217.7%), from €40,027 to €127,168
- Gross operating margin +€47,551
up €47,551 (+91.4%), from €52,044 to €99,596
- Other operating charges +€38,047
up €38,047 (+1345.0%), from €2,829 to €40,876
- Financial charges +€2,005
up €2,005 (+79.3%), from €2,530 to €4,535
- Depreciation +€1,047
up €1,047 (+652.2%), from €160 to €1,207
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 | €156,374 | €61,424 | -€94,949 | -60.7% |
| Fixed assets | 21/28 | €2,757 | €0 | -€2,757 | -100.0% |
| Tangible fixed assets | 22/27 | €2,307 | €0 | -€2,307 | -100.0% |
| Plant, machinery and equipment | 23 | €2,307 | €0 | -€2,307 | -100.0% |
| Financial fixed assets | 28 | €450 | €0 | -€450 | -100.0% |
| Current assets | 29/58 | €153,617 | €61,424 | -€92,192 | -60.0% |
| Stocks and contracts in progress | 3 | €9,904 | - | -€9,904 | |
| Stocks | 30/36 | €9,904 | - | -€9,904 | |
| Amounts receivable within one year | 40/41 | €29,851 | €4,815 | -€25,036 | -83.9% |
| Trade receivables | 40 | €23,576 | €1,815 | -€21,761 | -92.3% |
| Other amounts receivable | 41 | €6,275 | €3,000 | -€3,275 | -52.2% |
| Cash at bank and in hand | 54/58 | €113,862 | €56,609 | -€57,253 | -50.3% |
| Total equity and liabilities | 10/49 | €156,374 | €61,424 | -€94,949 | -60.7% |
| Equity | 10/15 | €55,624 | -€20,058 | -€75,682 | |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Capital | 10 | €7,500 | €7,500 | = | 0.0% |
| Issued capital | 100 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,124 | -€27,558 | -€75,682 | |
| Amounts payable | 17/49 | €100,749 | €81,482 | -€19,267 | -19.1% |
| Amounts payable within one year | 42/48 | €100,749 | €81,482 | -€19,267 | -19.1% |
| Trade debts | 44 | €60,906 | €67,681 | +€6,774 | +11.1% |
| Suppliers | 440/4 | €60,906 | €67,681 | +€6,774 | +11.1% |
| Taxes, remuneration and social security | 45 | €19,843 | €8,802 | -€11,042 | -55.6% |
| Taxes | 450/3 | €13,175 | €3,937 | -€9,239 | -70.1% |
| Remuneration and social security | 454/9 | €6,668 | €4,865 | -€1,803 | -27.0% |
| Other amounts payable | 47/48 | €20,000 | €5,000 | -€15,000 | -75.0% |
| Remuneration, social security and pensions | 62 | €40,027 | €127,168 | +€87,140 | +217.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €1,207 | +€1,047 | +652.2% |
| Other operating charges | 640/8 | €2,829 | €40,876 | +€38,047 | +1345.0% |
| Gross operating margin | 9900 | €52,044 | €99,596 | +€47,551 | +91.4% |
| Operating profit (loss) | 9901 | €9,028 | -€69,655 | -€78,682 | |
| Financial income | 75/76B | €31 | €8 | -€23 | -74.3% |
| Recurring financial income | 75 | €31 | €8 | -€23 | -74.3% |
| Financial charges | 65/66B | €2,530 | €4,535 | +€2,005 | +79.3% |
| Recurring financial charges | 65 | €2,530 | €4,535 | +€2,005 | +79.3% |
| Profit (loss) for the period before taxes | 9903 | €6,529 | -€74,182 | -€80,711 | |
| Income taxes | 67/77 | €1,361 | €1,500 | +€139 | +10.2% |
| Profit (loss) for the period | 9904 | €5,168 | -€75,682 | -€80,850 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,168 | -€75,682 | -€80,850 |
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.