MANITOO: 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.
MANITOO
Largest movements
- Cash -€44,436
down €44,436 (-77.2%), from €57,573 to €13,137
mainly Other debts (-€46,964) and Contributions, distributions and other (-€30,000)
- Receivables within one year -€12,992
down €12,992 (-71.9%), from €18,061 to €5,068
of which Trade receivables: -€14,157
- Deferred charges and accrued income +€3,320
up €3,320 (+1327.9%), from €250 to €3,570
- Tangible fixed assets -€933
down €933 (-21.5%), from €4,334 to €3,401
- Other debts -€46,964
down €46,964 (-81.0%), from €57,991 to €11,026
- Tax, wage and social debts -€7,154
down €7,154 (-57.6%), from €12,421 to €5,267
- Trade debts -€1,404
down €1,404 (-26.9%), from €5,217 to €3,813
- Gross operating margin -€31,644
down €31,644 (-43.8%), from €72,237 to €40,593
- Taxes -€6,009
down €6,009 (-40.2%), from €14,941 to €8,932
- Depreciation +€1,015
up €1,015 (+217.2%), from €467 to €1,482
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 | €80,218 | €25,176 | -€55,042 | -68.6% |
| Fixed assets | 21/28 | €4,334 | €3,401 | -€933 | -21.5% |
| Tangible fixed assets | 22/27 | €4,334 | €3,401 | -€933 | -21.5% |
| Furniture and vehicles | 24 | €4,334 | €3,401 | -€933 | -21.5% |
| Current assets | 29/58 | €75,884 | €21,775 | -€54,109 | -71.3% |
| Amounts receivable within one year | 40/41 | €18,061 | €5,068 | -€12,992 | -71.9% |
| Trade receivables | 40 | €14,157 | - | -€14,157 | |
| Other amounts receivable | 41 | €3,904 | €5,068 | +€1,165 | +29.8% |
| Cash at bank and in hand | 54/58 | €57,573 | €13,137 | -€44,436 | -77.2% |
| Deferred charges and accrued income | 490/1 | €250 | €3,570 | +€3,320 | +1327.9% |
| Total equity and liabilities | 10/49 | €80,218 | €25,176 | -€55,042 | -68.6% |
| Equity | 10/15 | €4,590 | €4,640 | +€50 | +1.1% |
| Contributions | 10/11 | €4,460 | €4,460 | = | 0.0% |
| Contributions outside capital | 11 | €4,460 | - | -€4,460 | |
| Share premium | 1100/10 | €4,460 | - | -€4,460 | |
| Profit (loss) carried forward | 14 | €130 | €180 | +€50 | +38.5% |
| Amounts payable | 17/49 | €75,628 | €20,536 | -€55,092 | -72.8% |
| Amounts payable within one year | 42/48 | €75,628 | €20,106 | -€55,522 | -73.4% |
| Trade debts | 44 | €5,217 | €3,813 | -€1,404 | -26.9% |
| Suppliers | 440/4 | €5,217 | €3,813 | -€1,404 | -26.9% |
| Taxes, remuneration and social security | 45 | €12,421 | €5,267 | -€7,154 | -57.6% |
| Taxes | 450/3 | €12,421 | €5,267 | -€7,154 | -57.6% |
| Other amounts payable | 47/48 | €57,991 | €11,026 | -€46,964 | -81.0% |
| Accrued charges and deferred income | 492/3 | - | €430 | +€430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467 | €1,482 | +€1,015 | +217.2% |
| Other operating charges | 640/8 | €412 | - | -€412 | |
| Gross operating margin | 9900 | €72,237 | €40,593 | -€31,644 | -43.8% |
| Operating profit (loss) | 9901 | €71,358 | €39,112 | -€32,247 | -45.2% |
| Financial charges | 65/66B | €137 | €130 | -€7 | -5.3% |
| Recurring financial charges | 65 | €137 | €130 | -€7 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €71,221 | €38,982 | -€32,239 | -45.3% |
| Income taxes | 67/77 | €14,941 | €8,932 | -€6,009 | -40.2% |
| Profit (loss) for the period | 9904 | €56,280 | €30,050 | -€26,230 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,280 | €30,050 | -€26,230 | -46.6% |
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 10 October 2026 via checked.be.