MANO'H: 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'H
Largest movements
- Receivables within one year -€3,515
down €3,515 (-87.5%), from €4,019 to €504
- Cash +€1,730
up €1,730 (+207%), from €836 to €2,565
mainly Receivables within one year (+€3,515) and Other debts (+€1,975)
- Tangible fixed assets -€1,700
down €1,700 (-30.1%), from €5,640 to €3,940
- Formation expenses -€222
down €222 (-46.3%), from €478 to €257
- Deferred charges and accrued income -€126
no longer reported in 2025 (was €126)
- Profit (loss) carried forward -€4,770
down €4,770 (-38.9%), from -€12,261 to -€17,031
- Other debts +€1,975
up €1,975 (+10.6%), from €18,700 to €20,675
- Tax, wage and social debts -€664
down €664 (-38.1%), from €1,740 to €1,077
- Trade debts -€479
down €479 (-31.5%), from €1,521 to €1,042
- Taxes +€345
up €345 (+67.6%), from €511 to €856
- Financial charges -€242
down €242 (-22.2%), from €1,088 to €846
- Gross operating margin +€170
up €170 (+56.0%), from -€303 to -€133
- Other operating charges +€30
up €30 (+3.0%), from €984 to €1,013
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 | €11,200 | €7,266 | -€3,934 | -35.1% |
| Formation expenses | 20 | €478 | €257 | -€222 | -46.3% |
| Fixed assets | 21/28 | €5,740 | €3,940 | -€1,800 | -31.4% |
| Tangible fixed assets | 22/27 | €5,640 | €3,940 | -€1,700 | -30.1% |
| Furniture and vehicles | 24 | €5,640 | €3,940 | -€1,700 | -30.1% |
| Financial fixed assets | 28 | €100 | - | -€100 | |
| Current assets | 29/58 | €4,981 | €3,069 | -€1,912 | -38.4% |
| Amounts receivable within one year | 40/41 | €4,019 | €504 | -€3,515 | -87.5% |
| Trade receivables | 40 | €4,019 | €504 | -€3,515 | -87.5% |
| Cash at bank and in hand | 54/58 | €836 | €2,565 | +€1,730 | +207% |
| Deferred charges and accrued income | 490/1 | €126 | - | -€126 | |
| Total equity and liabilities | 10/49 | €11,200 | €7,266 | -€3,934 | -35.1% |
| Equity | 10/15 | -€10,761 | -€15,531 | -€4,770 | -44.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,261 | -€17,031 | -€4,770 | -38.9% |
| Amounts payable | 17/49 | €21,961 | €22,797 | +€836 | +3.8% |
| Amounts payable within one year | 42/48 | €21,961 | €22,794 | +€833 | +3.8% |
| Trade debts | 44 | €1,521 | €1,042 | -€479 | -31.5% |
| Suppliers | 440/4 | €1,521 | €1,042 | -€479 | -31.5% |
| Taxes, remuneration and social security | 45 | €1,740 | €1,077 | -€664 | -38.1% |
| Taxes | 450/3 | €1,740 | €1,077 | -€664 | -38.1% |
| Other amounts payable | 47/48 | €18,700 | €20,675 | +€1,975 | +10.6% |
| Accrued charges and deferred income | 492/3 | - | €3 | +€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,922 | €1,922 | = | 0.0% |
| Other operating charges | 640/8 | €984 | €1,013 | +€30 | +3.0% |
| Gross operating margin | 9900 | -€303 | -€133 | +€170 | +56.0% |
| Operating profit (loss) | 9901 | -€3,208 | -€3,068 | +€140 | +4.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,088 | €846 | -€242 | -22.2% |
| Recurring financial charges | 65 | €1,088 | €846 | -€242 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,296 | -€3,914 | +€382 | +8.9% |
| Income taxes | 67/77 | €511 | €856 | +€345 | +67.6% |
| Profit (loss) for the period | 9904 | -€4,807 | -€4,770 | +€37 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,807 | -€4,770 | +€37 | +0.8% |
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 17 October 2026 via checked.be.