Mano Projects: 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 Projects
Largest movements
- Cash +€27,364
up €27,364 (+28.6%), from €95,694 to €123,057
mainly Net result for the year (+€107,852) and Depreciation (+€60,560)
- Receivables within one year +€7,579
up €7,579 (+36.6%), from €20,724 to €28,303
of which Trade receivables: +€11,311
- Tangible fixed assets +€6,812
up €6,812 (+2.5%), from €276,306 to €283,119
of which Other tangible fixed assets: +€27,688
- Reserves +€107,852
up €107,852 (+164.8%), from €65,455 to €173,307
- Accrued charges and deferred income -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Advances received +€31,299
up €31,299, from €0 to €31,299
- Debts after one year -€28,911
down €28,911 (-14.2%), from €203,007 to €174,096
- Trade debts -€23,300
down €23,300 (-68.7%), from €33,929 to €10,629
- Gross operating margin +€95,294
up €95,294 (+53.4%), from €178,574 to €273,868
- Taxes +€20,417
up €20,417 (+257.1%), from €7,943 to €28,360
- Other operating charges -€7,410
down €7,410 (-56.3%), from €13,167 to €5,758
- Depreciation +€4,936
up €4,936 (+8.9%), from €55,624 to €60,560
- Staff costs +€4,315
up €4,315 (+7.7%), from €56,252 to €60,567
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.
Cash bridge derived
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 | €432,932 | €474,602 | +€41,670 | +9.6% |
| Fixed assets | 21/28 | €297,486 | €300,741 | +€3,256 | +1.1% |
| Intangible fixed assets | 21 | €13,679 | €10,123 | -€3,556 | -26.0% |
| Tangible fixed assets | 22/27 | €276,306 | €283,119 | +€6,812 | +2.5% |
| Plant, machinery and equipment | 23 | €43,125 | €30,562 | -€12,563 | -29.1% |
| Furniture and vehicles | 24 | €3,472 | €4,127 | +€656 | +18.9% |
| Leasing and similar rights | 25 | €189,659 | €180,691 | -€8,968 | -4.7% |
| Other tangible fixed assets | 26 | €40,051 | €67,739 | +€27,688 | +69.1% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €135,446 | €173,860 | +€38,414 | +28.4% |
| Stocks and contracts in progress | 3 | €19,028 | €22,500 | +€3,472 | +18.2% |
| Stocks | 30/36 | €19,028 | €22,500 | +€3,472 | +18.2% |
| Amounts receivable within one year | 40/41 | €20,724 | €28,303 | +€7,579 | +36.6% |
| Trade receivables | 40 | €6,338 | €17,649 | +€11,311 | +178.5% |
| Other amounts receivable | 41 | €14,386 | €10,654 | -€3,732 | -25.9% |
| Cash at bank and in hand | 54/58 | €95,694 | €123,057 | +€27,364 | +28.6% |
| Total equity and liabilities | 10/49 | €432,932 | €474,602 | +€41,670 | +9.6% |
| Equity | 10/15 | €67,955 | €175,807 | +€107,852 | +158.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €65,455 | €173,307 | +€107,852 | +164.8% |
| Distributable reserves | 133 | €65,455 | €173,307 | +€107,852 | +164.8% |
| Amounts payable | 17/49 | €364,976 | €298,795 | -€66,181 | -18.1% |
| Amounts payable after more than one year | 17 | €203,007 | €174,096 | -€28,911 | -14.2% |
| Financial debts | 170/4 | €203,007 | €174,096 | -€28,911 | -14.2% |
| Amounts payable within one year | 42/48 | €121,969 | €124,698 | +€2,729 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €45,910 | €51,214 | +€5,305 | +11.6% |
| Trade debts | 44 | €33,929 | €10,629 | -€23,300 | -68.7% |
| Suppliers | 440/4 | €33,929 | €10,629 | -€23,300 | -68.7% |
| Advances received on contracts in progress | 46 | €0 | €31,299 | +€31,299 | |
| Taxes, remuneration and social security | 45 | €25,030 | €31,555 | +€6,525 | +26.1% |
| Taxes | 450/3 | €20,911 | €27,136 | +€6,225 | +29.8% |
| Remuneration and social security | 454/9 | €4,119 | €4,419 | +€300 | +7.3% |
| Other amounts payable | 47/48 | €17,100 | €0 | -€17,100 | -100.0% |
| Accrued charges and deferred income | 492/3 | €40,000 | €0 | -€40,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €56,252 | €60,567 | +€4,315 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,624 | €60,560 | +€4,936 | +8.9% |
| Other operating charges | 640/8 | €13,167 | €5,758 | -€7,410 | -56.3% |
| Gross operating margin | 9900 | €178,574 | €273,868 | +€95,294 | +53.4% |
| Operating profit (loss) | 9901 | €53,530 | €146,982 | +€93,452 | +174.6% |
| Financial income | 75/76B | €732 | €785 | +€53 | +7.2% |
| Recurring financial income | 75 | €732 | €785 | +€53 | +7.2% |
| Financial charges | 65/66B | €15,413 | €11,556 | -€3,857 | -25.0% |
| Recurring financial charges | 65 | €15,413 | €11,556 | -€3,857 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €38,849 | €136,211 | +€97,362 | +250.6% |
| Income taxes | 67/77 | €7,943 | €28,360 | +€20,417 | +257.1% |
| Profit (loss) for the period | 9904 | €30,907 | €107,852 | +€76,945 | +249.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,907 | €107,852 | +€76,945 | +249.0% |
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 9 October 2026 via checked.be.