MANOLI: 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.
MANOLI
Largest movements
- Receivables within one year -€5,857
down €5,857 (-25.1%), from €23,360 to €17,503
of which Trade receivables: -€9,260
- Debts after one year -€33,268
down €33,268 (-20.1%), from €165,388 to €132,121
- Trade debts +€31,048
up €31,048 (+3207.5%), from €968 to €32,016
- Tax, wage and social debts -€2,619
down €2,619 (-22.7%), from €11,519 to €8,900
- Other debts -€2,499
down €2,499 (-14.3%), from €17,499 to €15,000
- Gross operating margin -€22,566
down €22,566 (-48.5%), from €46,569 to €24,003
- Taxes -€4,015
down €4,015 (-50.8%), from €7,907 to €3,891
- Depreciation -€1,250
down €1,250 (-62.0%), from €2,018 to €768
- Financial income +€705
new in 2025: €705
- Financial charges -€617
down €617 (-13.3%), from €4,633 to €4,015
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 | €244,695 | €240,312 | -€4,383 | -1.8% |
| Formation expenses | 20 | €768 | €0 | -€768 | -100.0% |
| Fixed assets | 21/28 | €220,000 | €220,000 | = | 0.0% |
| Financial fixed assets | 28 | €220,000 | €220,000 | = | 0.0% |
| Current assets | 29/58 | €23,927 | €20,312 | -€3,615 | -15.1% |
| Amounts receivable within one year | 40/41 | €23,360 | €17,503 | -€5,857 | -25.1% |
| Trade receivables | 40 | €12,260 | €3,000 | -€9,260 | -75.5% |
| Other amounts receivable | 41 | €11,100 | €14,503 | +€3,403 | +30.7% |
| Cash at bank and in hand | 54/58 | €567 | €2,809 | +€2,242 | +395.2% |
| Total equity and liabilities | 10/49 | €244,695 | €240,312 | -€4,383 | -1.8% |
| Equity | 10/15 | €36,627 | €37,193 | +€566 | +1.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,627 | €32,193 | +€566 | +1.8% |
| Amounts payable | 17/49 | €208,068 | €203,120 | -€4,949 | -2.4% |
| Amounts payable after more than one year | 17 | €165,388 | €132,121 | -€33,268 | -20.1% |
| Financial debts | 170/4 | €165,388 | €132,121 | -€33,268 | -20.1% |
| Amounts payable within one year | 42/48 | €42,680 | €69,184 | +€26,504 | +62.1% |
| Current portion of amounts payable after more than one year | 42 | €12,694 | €13,268 | +€574 | +4.5% |
| Trade debts | 44 | €968 | €32,016 | +€31,048 | +3207.5% |
| Suppliers | 440/4 | €968 | €32,016 | +€31,048 | +3207.5% |
| Taxes, remuneration and social security | 45 | €11,519 | €8,900 | -€2,619 | -22.7% |
| Taxes | 450/3 | €11,519 | €8,900 | -€2,619 | -22.7% |
| Other amounts payable | 47/48 | €17,499 | €15,000 | -€2,499 | -14.3% |
| Accrued charges and deferred income | 492/3 | - | €1,815 | +€1,815 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,018 | €768 | -€1,250 | -62.0% |
| Other operating charges | 640/8 | €384 | €468 | +€84 | +21.8% |
| Gross operating margin | 9900 | €46,569 | €24,003 | -€22,566 | -48.5% |
| Operating profit (loss) | 9901 | €44,166 | €22,767 | -€21,399 | -48.5% |
| Financial income | 75/76B | - | €705 | +€705 | |
| Recurring financial income | 75 | - | €705 | +€705 | |
| Financial charges | 65/66B | €4,633 | €4,015 | -€617 | -13.3% |
| Recurring financial charges | 65 | €4,633 | €4,015 | -€617 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €39,534 | €19,457 | -€20,076 | -50.8% |
| Income taxes | 67/77 | €7,907 | €3,891 | -€4,015 | -50.8% |
| Profit (loss) for the period | 9904 | €31,627 | €15,566 | -€16,061 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,627 | €15,566 | -€16,061 | -50.8% |
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 10 October 2026 via checked.be.