Manitou Ranch: 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.
Manitou Ranch
Largest movements
- Tangible fixed assets +€6,541
up €6,541 (+2.6%), from €252,832 to €259,373
of which Furniture and vehicles: +€13,987
- Receivables within one year +€6,197
up €6,197 (+6.7%), from €92,828 to €99,024
of which Trade receivables: +€3,993
- Profit (loss) carried forward +€24,094
up €24,094 (+46.9%), from €51,387 to €75,482
- Trade debts +€16,110
up €16,110 (+57.7%), from €27,922 to €44,032
- Debts after one year -€11,582
down €11,582 (-8.9%), from €130,419 to €118,837
- Short-term financial debts -€11,158
down €11,158 (-76.0%), from €14,691 to €3,532
- Tax, wage and social debts -€8,734
down €8,734 (-36.2%), from €24,152 to €15,418
of which Remuneration and social security: -€7,125
- Gross operating margin +€10,154
up €10,154 (+25.4%), from €39,937 to €50,091
- Depreciation +€2,433
up €2,433 (+32.3%), from €7,526 to €9,959
- Taxes +€2,350
up €2,350 (+33.0%), from €7,128 to €9,478
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 | €345,909 | €358,865 | +€12,956 | +3.7% |
| Fixed assets | 21/28 | €253,082 | €259,623 | +€6,541 | +2.6% |
| Tangible fixed assets | 22/27 | €252,832 | €259,373 | +€6,541 | +2.6% |
| Land and buildings | 22 | €252,832 | €245,386 | -€7,445 | -2.9% |
| Furniture and vehicles | 24 | - | €13,987 | +€13,987 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €92,828 | €99,242 | +€6,415 | +6.9% |
| Amounts receivable within one year | 40/41 | €92,828 | €99,024 | +€6,197 | +6.7% |
| Trade receivables | 40 | €42,768 | €46,761 | +€3,993 | +9.3% |
| Other amounts receivable | 41 | €50,060 | €52,264 | +€2,204 | +4.4% |
| Cash at bank and in hand | 54/58 | - | €218 | +€218 | |
| Total equity and liabilities | 10/49 | €345,909 | €358,865 | +€12,956 | +3.7% |
| Equity | 10/15 | €126,847 | €150,942 | +€24,094 | +19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,860 | €56,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €55,000 | €56,860 | +€1,860 | +3.4% |
| Profit (loss) carried forward | 14 | €51,387 | €75,482 | +€24,094 | +46.9% |
| Amounts payable | 17/49 | €219,062 | €207,923 | -€11,139 | -5.1% |
| Amounts payable after more than one year | 17 | €130,419 | €118,837 | -€11,582 | -8.9% |
| Financial debts | 170/4 | €130,419 | €118,837 | -€11,582 | -8.9% |
| Amounts payable within one year | 42/48 | €88,643 | €89,086 | +€443 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €21,879 | €26,104 | +€4,225 | +19.3% |
| Financial debts | 43 | €14,691 | €3,532 | -€11,158 | -76.0% |
| Credit institutions | 430/8 | €14,691 | €3,532 | -€11,158 | -76.0% |
| Trade debts | 44 | €27,922 | €44,032 | +€16,110 | +57.7% |
| Suppliers | 440/4 | €27,922 | €44,032 | +€16,110 | +57.7% |
| Taxes, remuneration and social security | 45 | €24,152 | €15,418 | -€8,734 | -36.2% |
| Taxes | 450/3 | €17,027 | €15,418 | -€1,609 | -9.4% |
| Remuneration and social security | 454/9 | €7,125 | - | -€7,125 | |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,526 | €9,959 | +€2,433 | +32.3% |
| Other operating charges | 640/8 | €1,286 | €1,682 | +€396 | +30.8% |
| Gross operating margin | 9900 | €39,937 | €50,091 | +€10,154 | +25.4% |
| Operating profit (loss) | 9901 | €31,124 | €38,450 | +€7,326 | +23.5% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €5,305 | €4,884 | -€422 | -7.9% |
| Recurring financial charges | 65 | €5,305 | €4,884 | -€422 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €25,819 | €33,572 | +€7,754 | +30.0% |
| Income taxes | 67/77 | €7,128 | €9,478 | +€2,350 | +33.0% |
| Profit (loss) for the period | 9904 | €18,691 | €24,094 | +€5,404 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,691 | €24,094 | +€5,404 | +28.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.