MANITECH: 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.
MANITECH
Largest movements
- Financial fixed assets +€28,500
up €28,500 (+13.1%), from €217,827 to €246,327
- Tangible fixed assets -€24,698
down €24,698 (-82.0%), from €30,114 to €5,416
of which Furniture and vehicles: -€22,851
- Cash -€4,568
down €4,568 (-11.6%), from €39,488 to €34,920
mainly Contributions, distributions and other (-€50,000) and Debts after one year (-€10,187)
- Debts after one year -€10,187
down €10,187 (-21.4%), from €47,501 to €37,314
- Profit (loss) carried forward -€10,063
down €10,063 (-15.3%), from €65,623 to €55,560
- Other debts +€9,345
up €9,345 (+33.2%), from €28,155 to €37,500
- Trade debts +€4,841
up €4,841 (+427.3%), from €1,133 to €5,974
of which Suppliers: +€4,841
- Tax, wage and social debts +€3,838
up €3,838 (+19.9%), from €19,296 to €23,134
- Gross operating margin -€9,017
down €9,017 (-11.3%), from €79,451 to €70,434
- Other operating charges +€7,515
up €7,515 (+1126.7%), from €667 to €8,182
- Depreciation -€6,685
down €6,685 (-69.6%), from €9,611 to €2,926
- Taxes -€1,636
down €1,636 (-8.8%), from €18,635 to €16,999
- Financial charges -€840
down €840 (-26.0%), from €3,230 to €2,390
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 | €316,307 | €314,289 | -€2,018 | -0.6% |
| Fixed assets | 21/28 | €247,941 | €251,743 | +€3,802 | +1.5% |
| Tangible fixed assets | 22/27 | €30,114 | €5,416 | -€24,698 | -82.0% |
| Furniture and vehicles | 24 | €23,571 | €720 | -€22,851 | -96.9% |
| Other tangible fixed assets | 26 | €6,543 | €4,696 | -€1,847 | -28.2% |
| Financial fixed assets | 28 | €217,827 | €246,327 | +€28,500 | +13.1% |
| Current assets | 29/58 | €68,366 | €62,546 | -€5,820 | -8.5% |
| Amounts receivable within one year | 40/41 | €26,943 | €25,936 | -€1,007 | -3.7% |
| Trade receivables | 40 | €26,943 | €25,736 | -€1,207 | -4.5% |
| Other amounts receivable | 41 | - | €200 | +€200 | |
| Cash at bank and in hand | 54/58 | €39,488 | €34,920 | -€4,568 | -11.6% |
| Deferred charges and accrued income | 490/1 | €1,935 | €1,690 | -€245 | -12.7% |
| Total equity and liabilities | 10/49 | €316,307 | €314,289 | -€2,018 | -0.6% |
| Equity | 10/15 | €209,223 | €199,160 | -€10,063 | -4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,000 | €125,000 | = | 0.0% |
| Distributable reserves | 133 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,623 | €55,560 | -€10,063 | -15.3% |
| Amounts payable | 17/49 | €107,084 | €115,129 | +€8,045 | +7.5% |
| Amounts payable after more than one year | 17 | €47,501 | €37,314 | -€10,187 | -21.4% |
| Financial debts | 170/4 | €47,501 | €37,314 | -€10,187 | -21.4% |
| Amounts payable within one year | 42/48 | €58,567 | €76,795 | +€18,228 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €9,983 | €10,187 | +€204 | +2.0% |
| Trade debts | 44 | €1,133 | €5,974 | +€4,841 | +427.3% |
| Suppliers | 440/4 | €733 | €5,574 | +€4,841 | +660.4% |
| Bills of exchange payable | 441 | €400 | €400 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,296 | €23,134 | +€3,838 | +19.9% |
| Taxes | 450/3 | €19,296 | €23,134 | +€3,838 | +19.9% |
| Other amounts payable | 47/48 | €28,155 | €37,500 | +€9,345 | +33.2% |
| Accrued charges and deferred income | 492/3 | €1,016 | €1,020 | +€4 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,611 | €2,926 | -€6,685 | -69.6% |
| Other operating charges | 640/8 | €667 | €8,182 | +€7,515 | +1126.7% |
| Gross operating margin | 9900 | €79,451 | €70,434 | -€9,017 | -11.3% |
| Operating profit (loss) | 9901 | €69,173 | €59,326 | -€9,847 | -14.2% |
| Financial charges | 65/66B | €3,230 | €2,390 | -€840 | -26.0% |
| Recurring financial charges | 65 | €3,230 | €2,390 | -€840 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €65,943 | €56,936 | -€9,007 | -13.7% |
| Income taxes | 67/77 | €18,635 | €16,999 | -€1,636 | -8.8% |
| Profit (loss) for the period | 9904 | €47,308 | €39,937 | -€7,371 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,308 | €39,937 | -€7,371 | -15.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.