MANOLIA: 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
MANOLIA
NACE 47.713, Retail trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€218,537
2024 · €191,488+€27,049
Equity
€621,538
2024 · €523,001+€98,537
Cash
€448,295
2024 · €405,719+€42,576
Balance sheet total
€8.7m
2024 · €8.8m-€147,794
Largest movements
Assets
- Tangible fixed assets -€306,158
down €306,158 (-3.9%), from €7.9m to €7.5m
of which Land and buildings: -€220,222
Equity and liabilities
- Debts after one year -€223,385
down €223,385 (-3.5%), from €6.5m to €6.2m
- Trade debts +€111,713
up €111,713 (+15.0%), from €744,458 to €856,172
- Profit (loss) carried forward +€98,537
up €98,537 (+27.5%), from €358,001 to €456,538
- Other debts -€95,447
down €95,447 (-15.7%), from €606,191 to €510,744
Income statement
- Gross operating margin +€359,441
up €359,441 (+22.0%), from €1.6m to €2.0m
- Financial charges +€136,249
up €136,249 (+74.1%), from €183,816 to €320,066
- Depreciation +€88,538
up €88,538 (+38.1%), from €232,517 to €321,055
- Staff costs +€60,085
up €60,085 (+6.8%), from €879,890 to €939,975
- Other operating charges +€38,861
up €38,861 (+49.2%), from €79,044 to €117,905
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.
Result 2024
€191,488
Gross operating margin
+€359,441
Staff costs
-€60,085
Depreciation
-€88,538
Other operating charges
-€38,861
Financial income
+€163
Financial charges
-€136,249
Taxes
-€8,822
Result 2025
€218,537
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.
From operations
+€455,956
Investment
-€14,820
Financing
-€398,559
Cash 2024
€405,719
From operations (derived)
+€455,956
Net result for the year
+€218,537
Depreciation
+€321,055
Stocks and contracts
-€46,484
Receivables within one year
-€72,610
Deferred charges and accrued income
+€3,229
Trade debts
+€111,713
Tax, wage and social debts
-€2,915
Other debts
-€95,447
Accrued charges and deferred income
+€18,877
Investment (derived)
-€14,820
Investment in fixed assets (net)
-€9,082
Current investments
-€5,739
Financing
-€398,559
Debts after one year
-€223,385
Current portion of long-term debt
-€55,498
Short-term financial debts
+€324
Contributions, distributions and other
-€120,000
Cash 2025
€448,295
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,846,134 | €8,698,340 | -€147,794 | -1.7% |
| Fixed assets | 21/28 | €7,861,593 | €7,549,619 | -€311,974 | -4.0% |
| Tangible fixed assets | 22/27 | €7,855,235 | €7,549,077 | -€306,158 | -3.9% |
| Land and buildings | 22 | €7,464,602 | €7,244,380 | -€220,222 | -3.0% |
| Plant, machinery and equipment | 23 | €289,134 | €208,424 | -€80,710 | -27.9% |
| Furniture and vehicles | 24 | €18,732 | €13,506 | -€5,226 | -27.9% |
| Assets under construction and advance payments | 27 | €82,767 | €82,767 | = | 0.0% |
| Financial fixed assets | 28 | €6,358 | €542 | -€5,816 | -91.5% |
| Current assets | 29/58 | €984,541 | €1,148,721 | +€164,180 | +16.7% |
| Stocks and contracts in progress | 3 | €513,278 | €559,761 | +€46,484 | +9.1% |
| Stocks | 30/36 | €513,278 | €559,761 | +€46,484 | +9.1% |
| Amounts receivable within one year | 40/41 | €20,340 | €92,951 | +€72,610 | +357.0% |
| Trade receivables | 40 | €19,266 | €38,879 | +€19,613 | +101.8% |
| Other amounts receivable | 41 | €1,074 | €54,071 | +€52,997 | +4934.3% |
| Current investments | 50/53 | €29,000 | €34,739 | +€5,739 | +19.8% |
| Cash at bank and in hand | 54/58 | €405,719 | €448,295 | +€42,576 | +10.5% |
| Deferred charges and accrued income | 490/1 | €16,204 | €12,976 | -€3,229 | -19.9% |
| Total equity and liabilities | 10/49 | €8,846,134 | €8,698,340 | -€147,794 | -1.7% |
| Equity | 10/15 | €523,001 | €621,538 | +€98,537 | +18.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €358,001 | €456,538 | +€98,537 | +27.5% |
| Amounts payable | 17/49 | €8,323,133 | €8,076,803 | -€246,330 | -3.0% |
| Amounts payable after more than one year | 17 | €6,455,565 | €6,232,180 | -€223,385 | -3.5% |
| Financial debts | 170/4 | €6,455,565 | €6,232,180 | -€223,385 | -3.5% |
| Amounts payable within one year | 42/48 | €1,857,808 | €1,815,986 | -€41,822 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €414,346 | €358,848 | -€55,498 | -13.4% |
| Financial debts | 43 | - | €324 | +€324 | |
| Credit institutions | 430/8 | - | €324 | +€324 | |
| Trade debts | 44 | €744,458 | €856,172 | +€111,713 | +15.0% |
| Suppliers | 440/4 | €744,458 | €856,172 | +€111,713 | +15.0% |
| Taxes, remuneration and social security | 45 | €92,813 | €89,899 | -€2,915 | -3.1% |
| Taxes | 450/3 | €21,833 | €7,861 | -€13,972 | -64.0% |
| Remuneration and social security | 454/9 | €70,981 | €82,038 | +€11,057 | +15.6% |
| Other amounts payable | 47/48 | €606,191 | €510,744 | -€95,447 | -15.7% |
| Accrued charges and deferred income | 492/3 | €9,759 | €28,637 | +€18,877 | +193.4% |
| Remuneration, social security and pensions | 62 | €879,890 | €939,975 | +€60,085 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,517 | €321,055 | +€88,538 | +38.1% |
| Other operating charges | 640/8 | €79,044 | €117,905 | +€38,861 | +49.2% |
| Gross operating margin | 9900 | €1,633,882 | €1,993,323 | +€359,441 | +22.0% |
| Operating profit (loss) | 9901 | €442,431 | €614,387 | +€171,957 | +38.9% |
| Financial income | 75/76B | €1,686 | €1,849 | +€163 | +9.7% |
| Recurring financial income | 75 | €1,686 | €1,849 | +€163 | +9.7% |
| Financial charges | 65/66B | €183,816 | €320,066 | +€136,249 | +74.1% |
| Recurring financial charges | 65 | €183,816 | €320,066 | +€136,249 | +74.1% |
| Profit (loss) for the period before taxes | 9903 | €260,301 | €296,171 | +€35,871 | +13.8% |
| Income taxes | 67/77 | €68,812 | €77,634 | +€8,822 | +12.8% |
| Profit (loss) for the period | 9904 | €191,488 | €218,537 | +€27,049 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €191,488 | €218,537 | +€27,049 | +14.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.