MaNo-ir: 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-ir
Largest movements
- Tangible fixed assets -€19,460
down €19,460 (-2.9%), from €672,967 to €653,506
of which Land and buildings: -€16,611
- Debts after one year -€28,026
down €28,026 (-6.5%), from €428,229 to €400,203
- Other debts +€11,251
up €11,251 (+5.8%), from €194,119 to €205,370
- Financial charges -€3,254
down €3,254 (-16.1%), from €20,165 to €16,910
- Gross operating margin +€1,954
up €1,954 (+5.0%), from €39,216 to €41,170
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 | €674,195 | €657,828 | -€16,367 | -2.4% |
| Formation expenses | 20 | €671 | €460 | -€211 | -31.5% |
| Fixed assets | 21/28 | €672,967 | €653,506 | -€19,460 | -2.9% |
| Tangible fixed assets | 22/27 | €672,967 | €653,506 | -€19,460 | -2.9% |
| Land and buildings | 22 | €662,998 | €646,387 | -€16,611 | -2.5% |
| Plant, machinery and equipment | 23 | €2,390 | €1,707 | -€683 | -28.6% |
| Furniture and vehicles | 24 | €7,579 | €5,412 | -€2,166 | -28.6% |
| Current assets | 29/58 | €557 | €3,862 | +€3,304 | +593% |
| Amounts receivable within one year | 40/41 | €0 | €3,220 | +€3,220 | |
| Trade receivables | 40 | - | €3,220 | +€3,220 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €557 | €641 | +€84 | +15.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €674,195 | €657,828 | -€16,367 | -2.4% |
| Equity | 10/15 | €19,049 | €19,764 | +€715 | +3.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€951 | -€236 | +€715 | +75.2% |
| Amounts payable | 17/49 | €655,146 | €638,064 | -€17,082 | -2.6% |
| Amounts payable after more than one year | 17 | €428,229 | €400,203 | -€28,026 | -6.5% |
| Financial debts | 170/4 | €428,229 | €400,203 | -€28,026 | -6.5% |
| Amounts payable within one year | 42/48 | €226,917 | €237,861 | +€10,943 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €26,987 | €28,026 | +€1,038 | +3.8% |
| Trade debts | 44 | €5,811 | €4,465 | -€1,346 | -23.2% |
| Suppliers | 440/4 | €5,811 | €4,465 | -€1,346 | -23.2% |
| Other amounts payable | 47/48 | €194,119 | €205,370 | +€11,251 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,619 | €19,671 | +€52 | +0.3% |
| Other operating charges | 640/8 | €3,621 | €3,873 | +€252 | +7.0% |
| Gross operating margin | 9900 | €39,216 | €41,170 | +€1,954 | +5.0% |
| Operating profit (loss) | 9901 | €15,976 | €17,626 | +€1,649 | +10.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €20,165 | €16,910 | -€3,254 | -16.1% |
| Recurring financial charges | 65 | €20,165 | €16,910 | -€3,254 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,189 | €715 | +€4,904 | |
| Profit (loss) for the period | 9904 | -€4,189 | €715 | +€4,904 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,189 | €715 | +€4,904 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.