MANOHA: what changed
Two fiscal 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.
What changed
MANOHA
NACE 52.250, Logistics services
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.0m
2023 · €967,848+€53,237
Equity
€1.4m
2023 · €2.4m-€978,915
Cash
€25,181
2023 · €26,492-€1,310
Balance sheet total
€3.9m
2023 · €2.8m+€1.1m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+41.6%), from €2.7m to €3.8m
of which Other amounts receivable: +€999,257
Equity and liabilities
- Other debts +€2.0m
new in 2024: €2.0m
- Profit (loss) carried forward -€978,915
down €978,915 (-43.5%), from €2.2m to €1.3m
- Tax, wage and social debts +€93,898
up €93,898 (+41.4%), from €227,081 to €320,979
of which Remuneration and social security: +€81,104
- Trade debts +€49,631
up €49,631 (+44.6%), from €111,384 to €161,015
Income statement
- Gross operating margin +€409,651
up €409,651 (+17.6%), from €2.3m to €2.7m
- Staff costs +€377,886
up €377,886 (+35.5%), from €1.1m to €1.4m
- Financial income +€54,517
up €54,517 (+55.6%), from €97,964 to €152,481
From the 2023 result to the 2024 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.
Result 2023
€967,848
Gross operating margin
+€409,651
Staff costs
-€377,886
Depreciation
-€5,735
Other operating charges
-€5,324
Other operating items
-€9,868
Financial income
+€54,517
Financial charges
+€2,389
Taxes
-€14,505
Result 2024
€1.0m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.1m
Investment
-€48,595
Financing
-€2.1m
Cash 2023
€26,492
From operations (derived)
+€2.1m
Net result for the year
+€1.0m
Depreciation
+€33,202
Smaller working-capital items
-€862
Receivables within one year
-€1.1m
Trade debts
+€49,631
Tax, wage and social debts
+€93,898
Other debts
+€2.0m
Accrued charges and deferred income
+€9,910
Investment (derived)
-€48,595
Investment in fixed assets (net)
-€48,595
Financing
-€2.1m
Debts after one year
-€20,686
Current portion of long-term debt
-€31,821
Contributions, distributions and other
-€2.0m
Cash 2024
€25,181
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,765,407 | €3,887,552 | +€1.1m | +40.6% |
| Fixed assets | 21/28 | €62,641 | €78,035 | +€15,393 | +24.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €60,936 | €76,330 | +€15,393 | +25.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,861 | €35,727 | +€31,866 | +825.4% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €57,076 | €40,603 | -€16,473 | -28.9% |
| Financial fixed assets | 28 | €1,705 | €1,705 | = | 0.0% |
| Current assets | 29/58 | €2,702,766 | €3,809,517 | +€1.1m | +40.9% |
| Stocks and contracts in progress | 3 | €10,315 | €14,620 | +€4,305 | +41.7% |
| Stocks | 30/36 | €10,315 | €14,620 | +€4,305 | +41.7% |
| Amounts receivable within one year | 40/41 | €2,660,264 | €3,767,462 | +€1.1m | +41.6% |
| Trade receivables | 40 | €289,814 | €397,755 | +€107,941 | +37.2% |
| Other amounts receivable | 41 | €2,370,450 | €3,369,707 | +€999,257 | +42.2% |
| Cash at bank and in hand | 54/58 | €26,492 | €25,181 | -€1,310 | -4.9% |
| Deferred charges and accrued income | 490/1 | €5,696 | €2,253 | -€3,443 | -60.4% |
| Total equity and liabilities | 10/49 | €2,765,407 | €3,887,552 | +€1.1m | +40.6% |
| Equity | 10/15 | €2,370,935 | €1,392,020 | -€978,915 | -41.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,100 | €103,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €101,860 | €101,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,249,236 | €1,270,320 | -€978,915 | -43.5% |
| Amounts payable | 17/49 | €394,472 | €2,495,532 | +€2.1m | +532.6% |
| Amounts payable after more than one year | 17 | €20,686 | - | -€20,686 | |
| Financial debts | 170/4 | €20,686 | - | -€20,686 | |
| Amounts payable within one year | 42/48 | €370,286 | €2,482,122 | +€2.1m | +570.3% |
| Current portion of amounts payable after more than one year | 42 | €31,821 | €0 | -€31,821 | -100.0% |
| Trade debts | 44 | €111,384 | €161,015 | +€49,631 | +44.6% |
| Suppliers | 440/4 | €111,384 | €161,015 | +€49,631 | +44.6% |
| Taxes, remuneration and social security | 45 | €227,081 | €320,979 | +€93,898 | +41.4% |
| Taxes | 450/3 | €67,401 | €80,195 | +€12,794 | +19.0% |
| Remuneration and social security | 454/9 | €159,680 | €240,784 | +€81,104 | +50.8% |
| Other amounts payable | 47/48 | - | €2,000,128 | +€2.0m | |
| Accrued charges and deferred income | 492/3 | €3,500 | €13,410 | +€9,910 | +283.1% |
| Remuneration, social security and pensions | 62 | €1,063,439 | €1,441,325 | +€377,886 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,467 | €33,202 | +€5,735 | +20.9% |
| Other operating charges | 640/8 | €34,148 | €39,472 | +€5,324 | +15.6% |
| Non-recurring operating charges | 66A | €376 | €10,244 | +€9,868 | +2627.7% |
| Gross operating margin | 9900 | €2,331,632 | €2,741,283 | +€409,651 | +17.6% |
| Operating profit (loss) | 9901 | €1,206,204 | €1,217,040 | +€10,836 | +0.9% |
| Financial income | 75/76B | €97,964 | €152,481 | +€54,517 | +55.6% |
| Recurring financial income | 75 | €97,964 | €152,481 | +€54,517 | +55.6% |
| Financial charges | 65/66B | €5,292 | €2,902 | -€2,389 | -45.2% |
| Recurring financial charges | 65 | €5,292 | €2,902 | -€2,389 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €1,298,877 | €1,366,619 | +€67,743 | +5.2% |
| Income taxes | 67/77 | €331,029 | €345,535 | +€14,505 | +4.4% |
| Profit (loss) for the period | 9904 | €967,848 | €1,021,085 | +€53,237 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €967,848 | €1,021,085 | +€53,237 | +5.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.