Manley: 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.
Manley
Largest movements
- Receivables within one year -€52,513
down €52,513 (-75.4%), from €69,660 to €17,147
of which Trade receivables: -€36,796
- Cash +€24,932
up €24,932 (+78.8%), from €31,642 to €56,574
mainly Receivables within one year (+€52,513) and Other debts (+€27,000)
- Tangible fixed assets -€15,956
down €15,956 (-5.9%), from €272,618 to €256,662
of which Land and buildings: -€16,611
- Receivables after one year +€11,232
up €11,232 (+385.0%), from €2,917 to €14,149
- Deferred charges and accrued income +€4,080
up €4,080 (+89.8%), from €4,543 to €8,623
- Current portion of long-term debt -€30,455
down €30,455 (-56.6%), from €53,841 to €23,386
- Other debts +€27,000
up €27,000, from €0 to €27,000
- Reserves -€26,085
down €26,085 (-48.2%), from €54,130 to €28,045
- Debts after one year -€23,386
down €23,386 (-9.2%), from €255,040 to €231,654
- Profit (loss) carried forward +€14,712
up €14,712, from -€14,712 to €0
- Staff costs -€42,554
down €42,554 (-86.5%), from €49,169 to €6,616
- Gross operating margin -€20,843
down €20,843 (-25.9%), from €80,545 to €59,702
- Depreciation -€6,446
down €6,446 (-20.1%), from €32,147 to €25,701
- Other operating charges -€6,212
down €6,212 (-82.2%), from €7,556 to €1,344
- Taxes +€3,857
up €3,857 (+2944.6%), from €131 to €3,988
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 | €394,031 | €361,986 | -€32,045 | -8.1% |
| Fixed assets | 21/28 | €285,269 | €265,494 | -€19,775 | -6.9% |
| Intangible fixed assets | 21 | €12,651 | €8,831 | -€3,819 | -30.2% |
| Tangible fixed assets | 22/27 | €272,618 | €256,662 | -€15,956 | -5.9% |
| Land and buildings | 22 | €255,642 | €239,031 | -€16,611 | -6.5% |
| Plant, machinery and equipment | 23 | €1,325 | €212 | -€1,112 | -84.0% |
| Furniture and vehicles | 24 | €15,652 | €17,419 | +€1,767 | +11.3% |
| Current assets | 29/58 | €108,762 | €96,493 | -€12,269 | -11.3% |
| Amounts receivable after more than one year | 29 | €2,917 | €14,149 | +€11,232 | +385.0% |
| Other amounts receivable | 291 | €2,917 | €14,149 | +€11,232 | +385.0% |
| Amounts receivable within one year | 40/41 | €69,660 | €17,147 | -€52,513 | -75.4% |
| Trade receivables | 40 | €43,434 | €6,638 | -€36,796 | -84.7% |
| Other amounts receivable | 41 | €26,226 | €10,508 | -€15,718 | -59.9% |
| Cash at bank and in hand | 54/58 | €31,642 | €56,574 | +€24,932 | +78.8% |
| Deferred charges and accrued income | 490/1 | €4,543 | €8,623 | +€4,080 | +89.8% |
| Total equity and liabilities | 10/49 | €394,031 | €361,986 | -€32,045 | -8.1% |
| Equity | 10/15 | €59,418 | €48,045 | -€11,373 | -19.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €54,130 | €28,045 | -€26,085 | -48.2% |
| Distributable reserves | 133 | €54,130 | €28,045 | -€26,085 | -48.2% |
| Profit (loss) carried forward | 14 | -€14,712 | €0 | +€14,712 | |
| Amounts payable | 17/49 | €334,613 | €313,941 | -€20,672 | -6.2% |
| Amounts payable after more than one year | 17 | €255,040 | €231,654 | -€23,386 | -9.2% |
| Financial debts | 170/4 | €255,040 | €231,654 | -€23,386 | -9.2% |
| Amounts payable within one year | 42/48 | €79,573 | €82,287 | +€2,714 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €53,841 | €23,386 | -€30,455 | -56.6% |
| Financial debts | 43 | €551 | €274 | -€277 | -50.2% |
| Credit institutions | 430/8 | €551 | €274 | -€277 | -50.2% |
| Trade debts | 44 | €19,572 | €21,014 | +€1,441 | +7.4% |
| Suppliers | 440/4 | €19,572 | €21,014 | +€1,441 | +7.4% |
| Taxes, remuneration and social security | 45 | €5,609 | €10,614 | +€5,004 | +89.2% |
| Taxes | 450/3 | €1,386 | €10,614 | +€9,228 | +665.8% |
| Remuneration and social security | 454/9 | €4,223 | €0 | -€4,223 | -100.0% |
| Other amounts payable | 47/48 | €0 | €27,000 | +€27,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €49,169 | €6,616 | -€42,554 | -86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,147 | €25,701 | -€6,446 | -20.1% |
| Other operating charges | 640/8 | €7,556 | €1,344 | -€6,212 | -82.2% |
| Gross operating margin | 9900 | €80,545 | €59,702 | -€20,843 | -25.9% |
| Operating profit (loss) | 9901 | -€8,328 | €26,042 | +€34,369 | |
| Financial income | 75/76B | €141 | €125 | -€16 | -11.6% |
| Recurring financial income | 75 | €141 | €125 | -€16 | -11.6% |
| Financial charges | 65/66B | €6,394 | €6,551 | +€157 | +2.5% |
| Recurring financial charges | 65 | €6,394 | €6,551 | +€157 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,581 | €19,615 | +€34,196 | |
| Income taxes | 67/77 | €131 | €3,988 | +€3,857 | +2944.6% |
| Profit (loss) for the period | 9904 | -€14,712 | €15,627 | +€30,339 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,712 | €15,627 | +€30,339 |
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 9 October 2026 via checked.be.