MANNICK: what changed
MANNICK
Largest movements
- Cash +€33,391
up €33,391 (+117%), from €28,577 to €61,967
mainly Net result for the year (+€24,405) and Tax, wage and social debts (+€5,725)
- Receivables within one year -€3,620
down €3,620 (-13.1%), from €27,550 to €23,930
of which Other amounts receivable: -€3,040
- Stocks and contracts -€2,900
no longer reported in 2025 (was €2,900)
- Intangible fixed assets -€2,200
down €2,200 (-11.3%), from €19,521 to €17,321
- Reserves +€24,405
up €24,405 (+34.6%), from €70,614 to €95,019
- Trade debts -€5,935
down €5,935 (-88.2%), from €6,732 to €797
- Tax, wage and social debts +€5,725
up €5,725 (+34.3%), from €16,675 to €22,400
- Gross operating margin +€3,765
up €3,765 (+8.6%), from €43,691 to €47,456
- Staff costs -€3,329
down €3,329 (-39.4%), from €8,448 to €5,119
- Taxes +€1,842
up €1,842 (+16.8%), from €10,957 to €12,799
- Other operating charges +€1,819
up €1,819 (+1,542%), from €118 to €1,937
- Financial income +€782
up €782 (+151%), from €519 to €1,301
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,021 | €128,217 | +€24,196 | +23.3% |
| Fixed assets | 21/28 | €41,494 | €38,682 | -€2,812 | -6.8% |
| Intangible fixed assets | 21 | €19,521 | €17,321 | -€2,200 | -11.3% |
| Tangible fixed assets | 22/27 | €1,273 | €661 | -€612 | -48.1% |
| Plant, machinery and equipment | 23 | - | €661 | +€661 | |
| Furniture and vehicles | 24 | €1,273 | - | -€1,273 | |
| Financial fixed assets | 28 | €20,700 | €20,700 | = | 0.0% |
| Current assets | 29/58 | €62,527 | €89,535 | +€27,008 | +43.2% |
| Stocks and contracts in progress | 3 | €2,900 | - | -€2,900 | |
| Stocks | 30/36 | €2,900 | - | -€2,900 | |
| Amounts receivable within one year | 40/41 | €27,550 | €23,930 | -€3,620 | -13.1% |
| Trade receivables | 40 | €1,777 | €1,197 | -€581 | -32.7% |
| Other amounts receivable | 41 | €25,773 | €22,733 | -€3,040 | -11.8% |
| Cash at bank and in hand | 54/58 | €28,577 | €61,967 | +€33,391 | +117% |
| Deferred charges and accrued income | 490/1 | €3,500 | €3,637 | +€137 | +3.9% |
| Total equity and liabilities | 10/49 | €104,021 | €128,217 | +€24,196 | +23.3% |
| Equity | 10/15 | €80,614 | €105,019 | +€24,405 | +30.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €70,614 | €95,019 | +€24,405 | +34.6% |
| Distributable reserves | 133 | €70,614 | €95,019 | +€24,405 | +34.6% |
| Amounts payable | 17/49 | €23,407 | €23,198 | -€209 | -0.9% |
| Amounts payable within one year | 42/48 | €23,407 | €23,198 | -€209 | -0.9% |
| Trade debts | 44 | €6,732 | €797 | -€5,935 | -88.2% |
| Suppliers | 440/4 | €6,732 | €797 | -€5,935 | -88.2% |
| Taxes, remuneration and social security | 45 | €16,675 | €22,400 | +€5,725 | +34.3% |
| Taxes | 450/3 | €16,675 | €22,400 | +€5,725 | +34.3% |
| Non-recurring operating income | 76A | €1,600 | - | -€1,600 | |
| Remuneration, social security and pensions | 62 | €8,448 | €5,119 | -€3,329 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,251 | €3,803 | +€552 | +17.0% |
| Other operating charges | 640/8 | €118 | €1,937 | +€1,819 | +1,542% |
| Gross operating margin | 9900 | €43,691 | €47,456 | +€3,765 | +8.6% |
| Operating profit (loss) | 9901 | €31,874 | €36,597 | +€4,723 | +14.8% |
| Financial income | 75/76B | €519 | €1,301 | +€782 | +151% |
| Recurring financial income | 75 | €519 | €1,301 | +€782 | +151% |
| Financial charges | 65/66B | €1,108 | €694 | -€414 | -37.3% |
| Recurring financial charges | 65 | €1,108 | €694 | -€414 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €31,285 | €37,204 | +€5,919 | +18.9% |
| Income taxes | 67/77 | €10,957 | €12,799 | +€1,842 | +16.8% |
| Profit (loss) for the period | 9904 | €20,328 | €24,405 | +€4,077 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,328 | €24,405 | +€4,077 | +20.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.