MANOKA: 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.
MANOKA
Largest movements
- Financial fixed assets -€314,254
down €314,254 (-5.2%), from €6.0m to €5.7m
of which Affiliated companies: -€314,254
- Cash +€254,612
up €254,612 (+411.6%), from €61,854 to €316,466
mainly Net result for the year (+€2.1m) and Investment in fixed assets (net) (+€314,254)
- Profit (loss) carried forward +€2.1m
up €2.1m (+70.3%), from €3.0m to €5.1m
- Debts after one year -€1.5m
no longer reported in 2025 (was €1.5m)
- Other debts -€624,483
down €624,483 (-41.2%), from €1.5m to €892,984
- Reserves -€64,500
no longer reported in 2025 (was €64,500)
- Financial income -€666,600
down €666,600 (-23.4%), from €2.8m to €2.2m
- Financial charges -€100,732
down €100,732 (-82.2%), from €122,613 to €21,881
- Services and other goods +€93,992
up €93,992 (+60.4%), from €155,624 to €249,615
- Turnover +€7,080
up €7,080 (+3.6%), from €196,680 to €203,760
- Other operating income -€6,034
down €6,034 (-36.7%), from €16,446 to €10,412
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 | €6,122,910 | €6,054,476 | -€68,434 | -1.1% |
| Fixed assets | 21/28 | €6,000,385 | €5,685,842 | -€314,544 | -5.2% |
| Tangible fixed assets | 22/27 | €289 | €0 | -€289 | -100.0% |
| Furniture and vehicles | 24 | €289 | €0 | -€289 | -100.0% |
| Financial fixed assets | 28 | €6,000,096 | €5,685,842 | -€314,254 | -5.2% |
| Affiliated companies | 280/1 | €6,000,000 | €5,685,746 | -€314,254 | -5.2% |
| Participating interests | 280 | €6,000,000 | €5,685,746 | -€314,254 | -5.2% |
| Other financial fixed assets | 284/8 | €96 | €96 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €122,524 | €368,634 | +€246,110 | +200.9% |
| Stocks and contracts in progress | 3 | €29,000 | €30,750 | +€1,750 | +6.0% |
| Stocks | 30/36 | €29,000 | €30,750 | +€1,750 | +6.0% |
| Goods purchased for resale | 34 | €29,000 | €30,750 | +€1,750 | +6.0% |
| Amounts receivable within one year | 40/41 | €29,678 | €20,953 | -€8,725 | -29.4% |
| Trade receivables | 40 | €19,832 | €20,953 | +€1,121 | +5.7% |
| Other amounts receivable | 41 | €9,846 | - | -€9,846 | |
| Cash at bank and in hand | 54/58 | €61,854 | €316,466 | +€254,612 | +411.6% |
| Deferred charges and accrued income | 490/1 | €1,993 | €465 | -€1,528 | -76.7% |
| Total equity and liabilities | 10/49 | €6,122,910 | €6,054,476 | -€68,434 | -1.1% |
| Equity | 10/15 | €3,086,530 | €5,142,908 | +€2.1m | +66.6% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €64,500 | - | -€64,500 | |
| Distributable reserves | 133 | €64,500 | - | -€64,500 | |
| Profit (loss) carried forward | 14 | €3,015,730 | €5,136,608 | +€2.1m | +70.3% |
| Amounts payable | 17/49 | €3,036,380 | €911,568 | -€2.1m | -70.0% |
| Amounts payable after more than one year | 17 | €1,500,000 | - | -€1.5m | |
| Financial debts | 170/4 | €1,500,000 | - | -€1.5m | |
| Other loans | 174 | €1,500,000 | - | -€1.5m | |
| Amounts payable within one year | 42/48 | €1,536,380 | €911,568 | -€624,812 | -40.7% |
| Trade debts | 44 | €3,656 | €7,522 | +€3,866 | +105.8% |
| Suppliers | 440/4 | €3,656 | €7,522 | +€3,866 | +105.8% |
| Taxes, remuneration and social security | 45 | €15,257 | €11,061 | -€4,195 | -27.5% |
| Taxes | 450/3 | €10,257 | €11,061 | +€805 | +7.8% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €1,517,467 | €892,984 | -€624,483 | -41.2% |
| Operating income | 70/76A | €213,126 | €214,172 | +€1,046 | +0.5% |
| Turnover | 70 | €196,680 | €203,760 | +€7,080 | +3.6% |
| Other operating income | 74 | €16,446 | €10,412 | -€6,034 | -36.7% |
| Operating charges | 60/66A | €160,200 | €252,301 | +€92,101 | +57.5% |
| Services and other goods | 61 | €155,624 | €249,615 | +€93,992 | +60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542 | €289 | -€252 | -46.6% |
| Other operating charges | 640/8 | €4,035 | €2,396 | -€1,638 | -40.6% |
| Operating profit (loss) | 9901 | €52,926 | -€38,129 | -€91,055 | |
| Financial income | 75/76B | €2,848,600 | €2,182,000 | -€666,600 | -23.4% |
| Recurring financial income | 75 | €2,848,600 | €2,182,000 | -€666,600 | -23.4% |
| Income from financial fixed assets | 750 | €2,848,600 | €2,182,000 | -€666,600 | -23.4% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €122,613 | €21,881 | -€100,732 | -82.2% |
| Recurring financial charges | 65 | €122,613 | €21,881 | -€100,732 | -82.2% |
| Debt charges | 650 | €122,537 | €21,753 | -€100,784 | -82.2% |
| Other financial charges | 652/9 | €76 | €128 | +€52 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | €2,778,913 | €2,121,989 | -€656,923 | -23.6% |
| Income taxes | 67/77 | €872 | €1,111 | +€239 | +27.4% |
| Taxes | 670/3 | €872 | €1,111 | +€239 | +27.4% |
| Profit (loss) for the period | 9904 | €2,778,040 | €2,120,878 | -€657,162 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,778,040 | €2,120,878 | -€657,162 | -23.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.