MANO - AMANO: 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.
MANO - AMANO
Largest movements
- Tangible fixed assets +€108,598
up €108,598 (+18.2%), from €596,225 to €704,823
of which Other tangible fixed assets: +€77,108
- Receivables within one year +€59,532
up €59,532 (+24.4%), from €244,049 to €303,582
of which Trade receivables: +€88,717
- Deferred charges and accrued income +€45,592
up €45,592 (+284%), from €16,063 to €61,655
- Trade debts +€204,860
up €204,860 (+35.1%), from €584,232 to €789,092
- Debts after one year +€99,224
up €99,224 (+108%), from €91,760 to €190,984
of which Financial debts: +€99,224
- Profit (loss) carried forward -€89,989
down €89,989 (-22.4%), from €401,601 to €311,612
- Other debts +€44,986
up €44,986 (+13.6%), from €330,344 to €375,329
- Current portion of long-term debt -€42,735
down €42,735 (-34.1%), from €125,384 to €82,649
- Gross operating margin -€104,924
down €104,924 (-7.5%), from €1.4m to €1.3m
- Staff costs +€64,893
up €64,893 (+6.1%), from €1.1m to €1.1m
- Other operating charges +€55,400
up €55,400 (+273%), from €20,281 to €75,681
- Financial charges -€46,285
down €46,285 (-43.2%), from €107,035 to €60,750
of which Non-recurring financial charges: -€44,957
- Taxes -€24,394
down €24,394 (-86.5%), from €28,191 to €3,797
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.
Derived cash bridge
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 | €1,980,155 | €2,202,281 | +€222,126 | +11.2% |
| Formation expenses | 20 | €7,907 | €6,007 | -€1,900 | -24.0% |
| Fixed assets | 21/28 | €607,342 | €715,940 | +€108,598 | +17.9% |
| Tangible fixed assets | 22/27 | €596,225 | €704,823 | +€108,598 | +18.2% |
| Plant, machinery and equipment | 23 | €477,801 | €467,397 | -€10,404 | -2.2% |
| Furniture and vehicles | 24 | €19,032 | €60,926 | +€41,893 | +220% |
| Other tangible fixed assets | 26 | €99,392 | €176,500 | +€77,108 | +77.6% |
| Financial fixed assets | 28 | €11,117 | €11,117 | = | 0.0% |
| Current assets | 29/58 | €1,364,906 | €1,480,334 | +€115,429 | +8.5% |
| Stocks and contracts in progress | 3 | €658,500 | €675,953 | +€17,454 | +2.7% |
| Stocks | 30/36 | €658,500 | €675,953 | +€17,454 | +2.7% |
| Amounts receivable within one year | 40/41 | €244,049 | €303,582 | +€59,532 | +24.4% |
| Trade receivables | 40 | €54,168 | €142,884 | +€88,717 | +164% |
| Other amounts receivable | 41 | €189,881 | €160,697 | -€29,184 | -15.4% |
| Cash at bank and in hand | 54/58 | €446,294 | €439,145 | -€7,150 | -1.6% |
| Deferred charges and accrued income | 490/1 | €16,063 | €61,655 | +€45,592 | +284% |
| Total equity and liabilities | 10/49 | €1,980,155 | €2,202,281 | +€222,126 | +11.2% |
| Equity | 10/15 | €708,368 | €618,379 | -€89,989 | -12.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €206,767 | €206,767 | = | 0.0% |
| Non-distributable reserves | 130/1 | €115,512 | €115,512 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €105,512 | €105,512 | = | 0.0% |
| Distributable reserves | 133 | €91,255 | €91,255 | = | 0.0% |
| Profit (loss) carried forward | 14 | €401,601 | €311,612 | -€89,989 | -22.4% |
| Amounts payable | 17/49 | €1,271,787 | €1,583,902 | +€312,115 | +24.5% |
| Amounts payable after more than one year | 17 | €91,760 | €190,984 | +€99,224 | +108% |
| Financial debts | 170/4 | €87,960 | €187,184 | +€99,224 | +113% |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,179,770 | €1,390,119 | +€210,349 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €125,384 | €82,649 | -€42,735 | -34.1% |
| Trade debts | 44 | €584,232 | €789,092 | +€204,860 | +35.1% |
| Suppliers | 440/4 | €584,232 | €789,092 | +€204,860 | +35.1% |
| Advances received on contracts in progress | 46 | €2,478 | - | -€2,478 | |
| Taxes, remuneration and social security | 45 | €137,333 | €143,049 | +€5,716 | +4.2% |
| Taxes | 450/3 | €365 | €762 | +€398 | +109% |
| Remuneration and social security | 454/9 | €136,968 | €142,286 | +€5,318 | +3.9% |
| Other amounts payable | 47/48 | €330,344 | €375,329 | +€44,986 | +13.6% |
| Accrued charges and deferred income | 492/3 | €257 | €2,799 | +€2,542 | +987% |
| Remuneration, social security and pensions | 62 | €1,059,008 | €1,123,902 | +€64,893 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,126 | €150,796 | +€22,671 | +17.7% |
| Other operating charges | 640/8 | €20,281 | €75,681 | +€55,400 | +273% |
| Non-recurring operating charges | 66A | €175 | €400 | +€226 | +129% |
| Gross operating margin | 9900 | €1,393,344 | €1,288,420 | -€104,924 | -7.5% |
| Operating profit (loss) | 9901 | €185,754 | -€62,359 | -€248,114 | |
| Financial income | 75/76B | €30,581 | €36,917 | +€6,336 | +20.7% |
| Recurring financial income | 75 | €30,581 | €36,917 | +€6,336 | +20.7% |
| Financial charges | 65/66B | €107,035 | €60,750 | -€46,285 | -43.2% |
| Recurring financial charges | 65 | €62,077 | €60,750 | -€1,328 | -2.1% |
| Non-recurring financial charges | 66B | €44,957 | - | -€44,957 | |
| Profit (loss) for the period before taxes | 9903 | €109,301 | -€86,192 | -€195,493 | |
| Income taxes | 67/77 | €28,191 | €3,797 | -€24,394 | -86.5% |
| Profit (loss) for the period | 9904 | €81,110 | -€89,989 | -€171,099 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,110 | -€89,989 | -€171,099 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.