MANOFEX: 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.
MANOFEX
Largest movements
- Receivables within one year +€29,519
up €29,519 (+71.2%), from €41,462 to €70,982
of which Other amounts receivable: +€29,519
- Cash +€7,320
up €7,320 (+87.9%), from €8,329 to €15,649
mainly Net result for the year (+€44,024) and Other debts (+€13,005)
- Reserves +€28,258
up €28,258 (+66.5%), from €42,508 to €70,766
- Current portion of long-term debt -€17,356
down €17,356 (-74.3%), from €23,359 to €6,003
- Profit (loss) carried forward +€15,766
up €15,766, from -€15,766 to €0
- Other debts +€13,005
up €13,005 (+22.6%), from €57,644 to €70,649
- Debts after one year -€6,003
down €6,003 (-100%), from €6,003 to €0
- Taxes +€2,879
up €2,879 (+16.0%), from €17,969 to €20,848
- Financial income +€1,891
up €1,891 (+1,328%), from €142 to €2,033
- Gross operating margin -€1,040
down €1,040 (-1.4%), from €72,454 to €71,414
- Financial charges +€757
up €757 (+11.8%), from €6,405 to €7,163
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 | €233,424 | €270,231 | +€36,807 | +15.8% |
| Fixed assets | 21/28 | €183,167 | €183,167 | = | 0.0% |
| Financial fixed assets | 28 | €183,167 | €183,167 | = | 0.0% |
| Current assets | 29/58 | €50,257 | €87,064 | +€36,807 | +73.2% |
| Amounts receivable within one year | 40/41 | €41,462 | €70,982 | +€29,519 | +71.2% |
| Trade receivables | 40 | €16,335 | €16,335 | = | 0.0% |
| Other amounts receivable | 41 | €25,127 | €54,647 | +€29,519 | +117% |
| Cash at bank and in hand | 54/58 | €8,329 | €15,649 | +€7,320 | +87.9% |
| Deferred charges and accrued income | 490/1 | €465 | €434 | -€31 | -6.8% |
| Total equity and liabilities | 10/49 | €233,424 | €270,231 | +€36,807 | +15.8% |
| Equity | 10/15 | €117,942 | €161,966 | +€44,024 | +37.3% |
| Contributions | 10/11 | €91,200 | €91,200 | = | 0.0% |
| Reserves | 13 | €42,508 | €70,766 | +€28,258 | +66.5% |
| Distributable reserves | 133 | €42,508 | €70,766 | +€28,258 | +66.5% |
| Profit (loss) carried forward | 14 | -€15,766 | €0 | +€15,766 | |
| Amounts payable | 17/49 | €115,482 | €108,265 | -€7,217 | -6.2% |
| Amounts payable after more than one year | 17 | €6,003 | €0 | -€6,003 | -100% |
| Financial debts | 170/4 | €6,003 | €0 | -€6,003 | -100% |
| Amounts payable within one year | 42/48 | €106,551 | €104,286 | -€2,265 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €23,359 | €6,003 | -€17,356 | -74.3% |
| Financial debts | 43 | €12,544 | €15,034 | +€2,490 | +19.9% |
| Credit institutions | 430/8 | €12,544 | €15,034 | +€2,490 | +19.9% |
| Trade debts | 44 | €1,652 | €1,949 | +€296 | +17.9% |
| Suppliers | 440/4 | €1,652 | €1,949 | +€296 | +17.9% |
| Taxes, remuneration and social security | 45 | €11,352 | €10,651 | -€701 | -6.2% |
| Taxes | 450/3 | €9,102 | €8,401 | -€701 | -7.7% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €57,644 | €70,649 | +€13,005 | +22.6% |
| Accrued charges and deferred income | 492/3 | €2,928 | €3,979 | +€1,052 | +35.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €1,406 | €1,412 | +€6 | +0.4% |
| Gross operating margin | 9900 | €72,454 | €71,414 | -€1,040 | -1.4% |
| Operating profit (loss) | 9901 | €71,048 | €70,002 | -€1,046 | -1.5% |
| Financial income | 75/76B | €142 | €2,033 | +€1,891 | +1,328% |
| Recurring financial income | 75 | €142 | €2,033 | +€1,891 | +1,328% |
| Financial charges | 65/66B | €6,405 | €7,163 | +€757 | +11.8% |
| Recurring financial charges | 65 | €6,405 | €7,163 | +€757 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €64,785 | €64,873 | +€88 | +0.1% |
| Income taxes | 67/77 | €17,969 | €20,848 | +€2,879 | +16.0% |
| Profit (loss) for the period | 9904 | €46,816 | €44,024 | -€2,791 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,816 | €44,024 | -€2,791 | -6.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.