MANJO: 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.
MANJO
Largest movements
- Receivables within one year +€151,383
up €151,383 (+4608.3%), from €3,285 to €154,668
of which Trade receivables: +€151,141
- Cash -€46,369
down €46,369 (-41.4%), from €112,128 to €65,759
mainly Receivables within one year (-€151,383) and Net result for the year (-€3,414)
- Tangible fixed assets -€8,976
down €8,976 (-4.9%), from €184,750 to €175,774
of which Land and buildings: -€8,976
- Debts after one year +€100,450
up €100,450 (+29.9%), from €336,450 to €436,900
of which Financial debts: +€100,000
- Gross operating margin +€3,799
up €3,799 (+80.7%), from €4,707 to €8,506
- Financial income +€684
up €684 (+6844100.0%), from €0 to €684
- Other operating charges -€252
down €252 (-13.6%), from €1,848 to €1,597
- Financial charges +€128
up €128 (+131.1%), from €97 to €225
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 | €300,163 | €396,201 | +€96,037 | +32.0% |
| Fixed assets | 21/28 | €184,750 | €175,774 | -€8,976 | -4.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €184,750 | €175,774 | -€8,976 | -4.9% |
| Land and buildings | 22 | €182,370 | €173,394 | -€8,976 | -4.9% |
| Plant, machinery and equipment | 23 | €2,380 | €2,380 | = | 0.0% |
| Current assets | 29/58 | €115,413 | €220,427 | +€105,014 | +91.0% |
| Amounts receivable within one year | 40/41 | €3,285 | €154,668 | +€151,383 | +4608.3% |
| Trade receivables | 40 | €3,285 | €154,426 | +€151,141 | +4600.9% |
| Other amounts receivable | 41 | - | €243 | +€243 | |
| Cash at bank and in hand | 54/58 | €112,128 | €65,759 | -€46,369 | -41.4% |
| Total equity and liabilities | 10/49 | €300,163 | €396,201 | +€96,037 | +32.0% |
| Equity | 10/15 | -€67,190 | -€70,604 | -€3,414 | -5.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,476 | €2,476 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,476 | €2,476 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,666 | -€93,080 | -€3,414 | -3.8% |
| Amounts payable | 17/49 | €367,353 | €466,804 | +€99,451 | +27.1% |
| Amounts payable after more than one year | 17 | €336,450 | €436,900 | +€100,450 | +29.9% |
| Financial debts | 170/4 | €336,000 | €436,000 | +€100,000 | +29.8% |
| Other amounts payable | 178/9 | €450 | €900 | +€450 | +100.0% |
| Amounts payable within one year | 42/48 | €30,903 | €29,904 | -€999 | -3.2% |
| Trade debts | 44 | €134 | €242 | +€108 | +80.4% |
| Suppliers | 440/4 | €134 | €242 | +€108 | +80.4% |
| Other amounts payable | 47/48 | €30,769 | €29,662 | -€1,107 | -3.6% |
| Non-recurring operating income | 76A | €1,450 | €0 | -€1,450 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,782 | €10,783 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,848 | €1,597 | -€252 | -13.6% |
| Gross operating margin | 9900 | €4,707 | €8,506 | +€3,799 | +80.7% |
| Operating profit (loss) | 9901 | -€7,923 | -€3,873 | +€4,050 | +51.1% |
| Financial income | 75/76B | €0 | €684 | +€684 | +6844100.0% |
| Recurring financial income | 75 | €0 | €684 | +€684 | +6844100.0% |
| Financial charges | 65/66B | €97 | €225 | +€128 | +131.1% |
| Recurring financial charges | 65 | €97 | €225 | +€128 | +131.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,021 | -€3,414 | +€4,607 | +57.4% |
| Profit (loss) for the period | 9904 | -€8,021 | -€3,414 | +€4,607 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,021 | -€3,414 | +€4,607 | +57.4% |
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 3 October 2026 via checked.be.