Manivata: 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.
Manivata
Largest movements
- Cash +€87,793
up €87,793 (+521.0%), from €16,851 to €104,644
mainly Depreciation (+€71,159) and Net result for the year (+€54,438)
- Tangible fixed assets -€71,159
down €71,159 (-13.0%), from €549,103 to €477,943
of which Land and buildings: -€43,011
- Profit (loss) carried forward +€54,438
up €54,438 (+168.8%), from €32,249 to €86,687
- Debts after one year -€40,543
down €40,543 (-10.0%), from €404,220 to €363,677
- Tax, wage and social debts +€13,624
up €13,624 (+337.0%), from €4,043 to €17,667
- Other debts -€6,667
down €6,667 (-6.2%), from €106,984 to €100,317
- Gross operating margin +€99,762
up €99,762 (+166.8%), from €59,826 to €159,588
- Depreciation +€35,177
up €35,177 (+97.8%), from €35,982 to €71,159
- Taxes +€10,143
up €10,143 (+255.2%), from €3,974 to €14,117
- Financial charges +€8,961
up €8,961 (+211.4%), from €4,238 to €13,199
- Other operating charges +€5,062
up €5,062 (+313.8%), from €1,613 to €6,675
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 | €593,551 | €614,543 | +€20,992 | +3.5% |
| Fixed assets | 21/28 | €549,103 | €477,943 | -€71,159 | -13.0% |
| Tangible fixed assets | 22/27 | €549,103 | €477,943 | -€71,159 | -13.0% |
| Land and buildings | 22 | €464,023 | €421,012 | -€43,011 | -9.3% |
| Furniture and vehicles | 24 | €85,079 | €56,931 | -€28,148 | -33.1% |
| Current assets | 29/58 | €44,448 | €136,599 | +€92,152 | +207.3% |
| Amounts receivable within one year | 40/41 | €26,586 | €30,939 | +€4,353 | +16.4% |
| Trade receivables | 40 | €17,864 | €30,939 | +€13,075 | +73.2% |
| Other amounts receivable | 41 | €8,722 | €0 | -€8,722 | -100.0% |
| Cash at bank and in hand | 54/58 | €16,851 | €104,644 | +€87,793 | +521.0% |
| Deferred charges and accrued income | 490/1 | €1,011 | €1,016 | +€5 | +0.5% |
| Total equity and liabilities | 10/49 | €593,551 | €614,543 | +€20,992 | +3.5% |
| Equity | 10/15 | €35,249 | €89,687 | +€54,438 | +154.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,249 | €86,687 | +€54,438 | +168.8% |
| Amounts payable | 17/49 | €558,302 | €524,856 | -€33,445 | -6.0% |
| Amounts payable after more than one year | 17 | €404,220 | €363,677 | -€40,543 | -10.0% |
| Financial debts | 170/4 | €404,220 | €363,677 | -€40,543 | -10.0% |
| Amounts payable within one year | 42/48 | €151,831 | €158,929 | +€7,098 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €39,338 | €40,543 | +€1,205 | +3.1% |
| Financial debts | 43 | €99 | €0 | -€99 | -100.0% |
| Credit institutions | 430/8 | €99 | €0 | -€99 | -100.0% |
| Trade debts | 44 | €1,367 | €402 | -€965 | -70.6% |
| Suppliers | 440/4 | €1,367 | €402 | -€965 | -70.6% |
| Taxes, remuneration and social security | 45 | €4,043 | €17,667 | +€13,624 | +337.0% |
| Taxes | 450/3 | €4,043 | €17,667 | +€13,624 | +337.0% |
| Other amounts payable | 47/48 | €106,984 | €100,317 | -€6,667 | -6.2% |
| Accrued charges and deferred income | 492/3 | €2,250 | €2,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,982 | €71,159 | +€35,177 | +97.8% |
| Other operating charges | 640/8 | €1,613 | €6,675 | +€5,062 | +313.8% |
| Gross operating margin | 9900 | €59,826 | €159,588 | +€99,762 | +166.8% |
| Operating profit (loss) | 9901 | €22,230 | €81,754 | +€59,523 | +267.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €4,238 | €13,199 | +€8,961 | +211.4% |
| Recurring financial charges | 65 | €4,238 | €13,199 | +€8,961 | +211.4% |
| Profit (loss) for the period before taxes | 9903 | €17,992 | €68,555 | +€50,562 | +281.0% |
| Income taxes | 67/77 | €3,974 | €14,117 | +€10,143 | +255.2% |
| Profit (loss) for the period | 9904 | €14,018 | €54,438 | +€40,420 | +288.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,018 | €54,438 | +€40,420 | +288.3% |
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 5 October 2026 via checked.be.