MANOBA: 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.
MANOBA
Largest movements
- Tangible fixed assets -€73,482
down €73,482 (-4.9%), from €1.5m to €1.4m
of which Land and buildings: -€74,388
- Profit (loss) carried forward -€70,026
down €70,026 (-78.7%), from -€88,942 to -€158,969
- Depreciation -€13,655
down €13,655 (-15.5%), from €88,236 to €74,581
- Gross operating margin -€12,607
down €12,607 (-18.0%), from €70,005 to €57,398
- Other operating charges -€9,263
down €9,263 (-25.8%), from €35,908 to €26,645
- Financial charges -€8,718
down €8,718 (-25.0%), from €34,917 to €26,199
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 | €1,525,251 | €1,454,731 | -€70,520 | -4.6% |
| Fixed assets | 21/28 | €1,510,519 | €1,437,037 | -€73,482 | -4.9% |
| Tangible fixed assets | 22/27 | €1,510,519 | €1,437,037 | -€73,482 | -4.9% |
| Land and buildings | 22 | €1,510,519 | €1,436,131 | -€74,388 | -4.9% |
| Furniture and vehicles | 24 | - | €906 | +€906 | |
| Current assets | 29/58 | €14,732 | €17,693 | +€2,962 | +20.1% |
| Amounts receivable within one year | 40/41 | €3,639 | €631 | -€3,008 | -82.6% |
| Trade receivables | 40 | - | €631 | +€631 | |
| Other amounts receivable | 41 | €3,639 | - | -€3,639 | |
| Cash at bank and in hand | 54/58 | €10,979 | €17,062 | +€6,083 | +55.4% |
| Deferred charges and accrued income | 490/1 | €114 | - | -€114 | |
| Total equity and liabilities | 10/49 | €1,525,251 | €1,454,731 | -€70,520 | -4.6% |
| Equity | 10/15 | -€88,942 | -€158,969 | -€70,026 | -78.7% |
| Profit (loss) carried forward | 14 | -€88,942 | -€158,969 | -€70,026 | -78.7% |
| Amounts payable | 17/49 | €1,614,193 | €1,613,699 | -€494 | 0.0% |
| Amounts payable after more than one year | 17 | €1,561,652 | €1,566,511 | +€4,859 | +0.3% |
| Financial debts | 170/4 | €1,561,652 | €1,566,511 | +€4,859 | +0.3% |
| Amounts payable within one year | 42/48 | €52,541 | €47,188 | -€5,353 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €36,439 | €37,941 | +€1,502 | +4.1% |
| Trade debts | 44 | €15,158 | €3,556 | -€11,601 | -76.5% |
| Suppliers | 440/4 | €15,158 | €3,556 | -€11,601 | -76.5% |
| Other amounts payable | 47/48 | €944 | €5,691 | +€4,747 | +502.9% |
| Non-recurring operating income | 76A | €464 | - | -€464 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,236 | €74,581 | -€13,655 | -15.5% |
| Other operating charges | 640/8 | €35,908 | €26,645 | -€9,263 | -25.8% |
| Gross operating margin | 9900 | €70,005 | €57,398 | -€12,607 | -18.0% |
| Operating profit (loss) | 9901 | -€54,139 | -€43,828 | +€10,311 | +19.0% |
| Financial income | 75/76B | €114 | - | -€114 | |
| Recurring financial income | 75 | €114 | - | -€114 | |
| Financial charges | 65/66B | €34,917 | €26,199 | -€8,718 | -25.0% |
| Recurring financial charges | 65 | €34,917 | €26,199 | -€8,718 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€88,942 | -€70,026 | +€18,916 | +21.3% |
| Profit (loss) for the period | 9904 | -€88,942 | -€70,026 | +€18,916 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,942 | -€70,026 | +€18,916 | +21.3% |
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 10 October 2026 via checked.be.