MANO GIUSTI: 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 GIUSTI
Largest movements
- Cash -€66,734
down €66,734 (-26.6%), from €250,881 to €184,147
mainly Receivables within one year (-€47,122) and Investment in fixed assets (net) (-€15,932)
- Receivables within one year +€47,122
up €47,122 (+466%), from €10,103 to €57,225
of which Other amounts receivable: +€53,592
- Tangible fixed assets +€15,092
up €15,092 (+1,572%), from €960 to €16,052
of which Other tangible fixed assets: +€14,754
- Profit (loss) carried forward -€4,707
down €4,707 (-6.0%), from -€78,200 to -€82,907
- Gross operating margin -€304,113
down €304,113, from €301,809 to -€2,304
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 | €261,944 | €257,424 | -€4,520 | -1.7% |
| Fixed assets | 21/28 | €960 | €16,052 | +€15,092 | +1,572% |
| Tangible fixed assets | 22/27 | €960 | €16,052 | +€15,092 | +1,572% |
| Furniture and vehicles | 24 | €960 | €1,298 | +€338 | +35.2% |
| Other tangible fixed assets | 26 | - | €14,754 | +€14,754 | |
| Current assets | 29/58 | €260,984 | €241,372 | -€19,612 | -7.5% |
| Amounts receivable within one year | 40/41 | €10,103 | €57,225 | +€47,122 | +466% |
| Trade receivables | 40 | €6,470 | - | -€6,470 | |
| Other amounts receivable | 41 | €3,633 | €57,225 | +€53,592 | +1,475% |
| Cash at bank and in hand | 54/58 | €250,881 | €184,147 | -€66,734 | -26.6% |
| Total equity and liabilities | 10/49 | €261,944 | €257,424 | -€4,520 | -1.7% |
| Equity | 10/15 | €183,707 | €179,000 | -€4,707 | -2.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €230,920 | €230,920 | = | 0.0% |
| Tax-exempt reserves | 132 | €230,920 | €230,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,200 | -€82,907 | -€4,707 | -6.0% |
| Provisions and deferred taxes | 16 | €76,973 | €76,973 | = | 0.0% |
| Deferred taxes | 168 | €76,973 | €76,973 | = | 0.0% |
| Amounts payable | 17/49 | €1,263 | €1,450 | +€187 | +14.8% |
| Amounts payable within one year | 42/48 | €713 | €1,450 | +€737 | +103% |
| Trade debts | 44 | - | €575 | +€575 | |
| Suppliers | 440/4 | - | €575 | +€575 | |
| Other amounts payable | 47/48 | €713 | €875 | +€162 | +22.7% |
| Accrued charges and deferred income | 492/3 | €550 | - | -€550 | |
| Non-recurring operating income | 76A | €307,894 | - | -€307,894 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67 | €840 | +€773 | +1,147% |
| Other operating charges | 640/8 | €1,049 | €2,810 | +€1,761 | +168% |
| Gross operating margin | 9900 | €301,809 | -€2,304 | -€304,113 | |
| Operating profit (loss) | 9901 | €300,692 | -€5,954 | -€306,646 | |
| Financial income | 75/76B | - | €1,393 | +€1,393 | |
| Recurring financial income | 75 | - | €1,393 | +€1,393 | |
| Financial charges | 65/66B | €138 | €145 | +€7 | +4.9% |
| Recurring financial charges | 65 | €138 | €145 | +€7 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €300,554 | -€4,707 | -€305,261 | |
| Transfer to deferred taxes | 680 | €76,973 | - | -€76,973 | |
| Profit (loss) for the period | 9904 | €223,580 | -€4,707 | -€228,287 | |
| Transfer to tax-exempt reserves | 689 | €230,920 | - | -€230,920 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,340 | -€4,707 | +€2,633 | +35.9% |
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 14 October 2026 via checked.be.