MANOKWARI: 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.
MANOKWARI
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€93,980
down €93,980 (-69.2%), from €135,859 to €41,879
mainly Current investments (-€100,000) and Contributions, distributions and other (-€67,029)
- Receivables after one year -€50,000
down €50,000 (-31.3%), from €160,000 to €110,000
- Receivables within one year -€23,889
down €23,889 (-55.2%), from €43,255 to €19,366
of which Trade receivables: -€18,670
- Tangible fixed assets +€11,481
up €11,481 (+125%), from €9,163 to €20,644
- Reserves -€34,896
down €34,896 (-10.8%), from €324,004 to €289,108
- Contributions -€6,100
down €6,100 (-98.4%), from €6,200 to €100
- Tax, wage and social debts -€5,193
down €5,193 (-33.9%), from €15,338 to €10,146
of which Taxes: -€7,050
- Gross operating margin -€21,462
down €21,462 (-39.9%), from €53,774 to €32,313
- Taxes -€5,212
down €5,212 (-34.3%), from €15,185 to €9,973
- Financial income +€5,052
up €5,052 (+109%), from €4,615 to €9,666
- Depreciation +€3,209
up €3,209 (+186%), from €1,722 to €4,931
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 | €349,395 | €303,032 | -€46,363 | -13.3% |
| Fixed assets | 21/28 | €9,163 | €20,644 | +€11,481 | +125% |
| Tangible fixed assets | 22/27 | €9,163 | €20,644 | +€11,481 | +125% |
| Furniture and vehicles | 24 | €9,163 | €20,644 | +€11,481 | +125% |
| Current assets | 29/58 | €340,232 | €282,388 | -€57,844 | -17.0% |
| Amounts receivable after more than one year | 29 | €160,000 | €110,000 | -€50,000 | -31.3% |
| Other amounts receivable | 291 | €160,000 | €110,000 | -€50,000 | -31.3% |
| Amounts receivable within one year | 40/41 | €43,255 | €19,366 | -€23,889 | -55.2% |
| Trade receivables | 40 | €24,720 | €6,050 | -€18,670 | -75.5% |
| Other amounts receivable | 41 | €18,535 | €13,316 | -€5,219 | -28.2% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €135,859 | €41,879 | -€93,980 | -69.2% |
| Deferred charges and accrued income | 490/1 | €1,119 | €11,144 | +€10,025 | +896% |
| Total equity and liabilities | 10/49 | €349,395 | €303,032 | -€46,363 | -13.3% |
| Equity | 10/15 | €330,204 | €289,208 | -€40,996 | -12.4% |
| Contributions | 10/11 | €6,200 | €100 | -€6,100 | -98.4% |
| Reserves | 13 | €324,004 | €289,108 | -€34,896 | -10.8% |
| Distributable reserves | 133 | €324,004 | €289,108 | -€34,896 | -10.8% |
| Profit (loss) carried forward | 14 | - | €0 | +€0 | |
| Amounts payable | 17/49 | €19,192 | €13,825 | -€5,367 | -28.0% |
| Amounts payable within one year | 42/48 | €19,192 | €13,825 | -€5,367 | -28.0% |
| Trade debts | 44 | €3,853 | €3,679 | -€174 | -4.5% |
| Suppliers | 440/4 | €3,853 | €3,679 | -€174 | -4.5% |
| Taxes, remuneration and social security | 45 | €15,338 | €10,146 | -€5,193 | -33.9% |
| Taxes | 450/3 | €11,566 | €4,515 | -€7,050 | -61.0% |
| Remuneration and social security | 454/9 | €3,773 | €5,630 | +€1,858 | +49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,722 | €4,931 | +€3,209 | +186% |
| Other operating charges | 640/8 | €581 | €544 | -€37 | -6.4% |
| Gross operating margin | 9900 | €53,774 | €32,313 | -€21,462 | -39.9% |
| Operating profit (loss) | 9901 | €51,471 | €26,838 | -€24,633 | -47.9% |
| Financial income | 75/76B | €4,615 | €9,666 | +€5,052 | +109% |
| Recurring financial income | 75 | €4,615 | €9,666 | +€5,052 | +109% |
| Financial charges | 65/66B | €886 | €498 | -€387 | -43.7% |
| Recurring financial charges | 65 | €886 | €498 | -€387 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €55,200 | €36,006 | -€19,194 | -34.8% |
| Income taxes | 67/77 | €15,185 | €9,973 | -€5,212 | -34.3% |
| Profit (loss) for the period | 9904 | €40,015 | €26,033 | -€13,982 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,015 | €26,033 | -€13,982 | -34.9% |
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 25 October 2026 via checked.be.