Skip to content

MANIX: 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.

What changed

MANIX

BE 0462.136.011
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€11,164
2024 · €14,584-€3,420
Equity
€22,379
2024 · €11,215+€11,164
Cash
€18,239
2024 · €10,199+€8,040
Balance sheet total
€32,007
2024 · €87,496-€55,489

Largest movements

2024 to 2025
Assets
  • Current investments -€69,980

    no longer reported in 2025 (was €69,980)

  • Cash +€8,040

    up €8,040 (+78.8%), from €10,199 to €18,239

    mainly Current investments (+€69,980) and Net result for the year (+€11,164)

  • Tangible fixed assets +€6,968

    up €6,968 (+1207.6%), from €577 to €7,545

  • Receivables within one year -€1,118

    down €1,118 (-24.2%), from €4,628 to €3,510

    of which Other amounts receivable: -€1,698

Equity and liabilities
  • Other debts -€63,396

    no longer reported in 2025 (was €63,396)

  • Reserves +€10,000

    new in 2025: €10,000

  • Provisions -€3,475

    down €3,475 (-62.8%), from €5,536 to €2,061

  • Profit (loss) carried forward +€1,164

    new in 2025: €1,164

Income statement
  • Taxes +€3,301

    new in 2025: €3,301

  • Financial income -€1,511

    down €1,511 (-21.0%), from €7,190 to €5,679

    of which Financial income: -€5,547

  • Financial charges +€1,382

    up €1,382 (+56.9%), from €2,430 to €3,812

  • Gross operating margin +€1,301

    up €1,301 (+9.9%), from €13,077 to €14,378

  • Provisions -€939

    down €939 (-62.6%), from €1,500 to €561

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €14,584
Gross operating margin +€1,301
Depreciation +€37
Provisions +€939
Other operating charges +€497
Financial income -€1,511
Financial charges -€1,382
Taxes -€3,301
Result 2025 €11,164

Cash bridge derived

cash 2024 to 2025

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.

From operations -€54,259
Investment +€62,299
Financing €0
Cash 2024 €10,199
Net result for the year +€11,164
Depreciation +€713
Receivables within one year +€1,118
Deferred charges and accrued income -€601
Provisions -€3,475
Trade debts +€491
Tax, wage and social debts -€283
Other debts -€63,396
Accrued charges and deferred income +€10
Investment in fixed assets (net) -€7,681
Current investments +€69,980
Cash 2025 €18,239
Every line side by side 42 lines
Line Code 2024 2025 Change %
Total assets 20/58 €87,496 €32,007 -€55,489 -63.4%
Fixed assets 21/28 €577 €7,545 +€6,968 +1207.6%
Tangible fixed assets 22/27 €577 €7,545 +€6,968 +1207.6%
Furniture and vehicles 24 €577 €7,545 +€6,968 +1207.6%
Current assets 29/58 €86,919 €24,462 -€62,457 -71.9%
Amounts receivable within one year 40/41 €4,628 €3,510 -€1,118 -24.2%
Trade receivables 40 €2,382 €2,962 +€580 +24.3%
Other amounts receivable 41 €2,246 €548 -€1,698 -75.6%
Current investments 50/53 €69,980 - -€69,980
Cash at bank and in hand 54/58 €10,199 €18,239 +€8,040 +78.8%
Deferred charges and accrued income 490/1 €2,112 €2,713 +€601 +28.5%
Total equity and liabilities 10/49 €87,496 €32,007 -€55,489 -63.4%
Equity 10/15 €11,215 €22,379 +€11,164 +99.5%
Contributions 10/11 €11,215 €11,215 = 0.0%
Reserves 13 - €10,000 +€10,000
Distributable reserves 133 - €10,000 +€10,000
Profit (loss) carried forward 14 - €1,164 +€1,164
Provisions and deferred taxes 16 €5,536 €2,061 -€3,475 -62.8%
Provisions for liabilities and charges 160/5 €5,536 €2,061 -€3,475 -62.8%
Other liabilities and charges 164/5 €5,536 €2,061 -€3,475 -62.8%
Amounts payable 17/49 €70,745 €7,567 -€63,178 -89.3%
Amounts payable within one year 42/48 €70,455 €7,267 -€63,188 -89.7%
Trade debts 44 €6,776 €7,267 +€491 +7.2%
Suppliers 440/4 €6,776 €7,267 +€491 +7.2%
Taxes, remuneration and social security 45 €283 - -€283
Taxes 450/3 €283 - -€283
Other amounts payable 47/48 €63,396 - -€63,396
Accrued charges and deferred income 492/3 €290 €300 +€10 +3.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €750 €713 -€37 -4.9%
Provisions for liabilities and charges: additions (uses and reversals) 635/8 €1,500 €561 -€939 -62.6%
Other operating charges 640/8 €1,003 €506 -€497 -49.6%
Gross operating margin 9900 €13,077 €14,378 +€1,301 +9.9%
Operating profit (loss) 9901 €9,824 €12,598 +€2,774 +28.2%
Financial income 75/76B €7,190 €5,679 -€1,511 -21.0%
Recurring financial income 75 €7,190 €1,643 -€5,547 -77.1%
Non-recurring financial income 76B - €4,036 +€4,036
Financial charges 65/66B €2,430 €3,812 +€1,382 +56.9%
Recurring financial charges 65 €2,430 €3,812 +€1,382 +56.9%
Profit (loss) for the period before taxes 9903 €14,584 €14,465 -€119 -0.8%
Income taxes 67/77 - €3,301 +€3,301
Profit (loss) for the period 9904 €14,584 €11,164 -€3,420 -23.5%
Profit (loss) for the period to be appropriated 9905 €14,584 €11,164 -€3,420 -23.5%

Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.