MANOMAX: 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.
MANOMAX
Largest movements
- Receivables after one year -€25,000
down €25,000 (-12.2%), from €205,000 to €180,000
- Cash -€3,591
down €3,591 (-8.5%), from €42,298 to €38,707
mainly Other debts (-€28,533) and Tax, wage and social debts (-€2,349)
- Other debts -€28,533
down €28,533 (-60.4%), from €47,225 to €18,691
- Financial income -€6,799
down €6,799 (-98.9%), from €6,875 to €76
- Gross operating margin +€4,104
up €4,104 (+137.2%), from €2,991 to €7,095
- Other operating charges +€476
up €476 (+11.3%), from €4,223 to €4,698
- Taxes -€271
down €271 (-44.9%), from €603 to €333
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 | €257,259 | €228,130 | -€29,129 | -11.3% |
| Fixed assets | 21/28 | €975 | €975 | = | 0.0% |
| Tangible fixed assets | 22/27 | €926 | €926 | = | 0.0% |
| Plant, machinery and equipment | 23 | €926 | €926 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €256,284 | €227,155 | -€29,129 | -11.4% |
| Amounts receivable after more than one year | 29 | €205,000 | €180,000 | -€25,000 | -12.2% |
| Other amounts receivable | 291 | €205,000 | €180,000 | -€25,000 | -12.2% |
| Amounts receivable within one year | 40/41 | €6,295 | €6,725 | +€430 | +6.8% |
| Other amounts receivable | 41 | €6,295 | €6,725 | +€430 | +6.8% |
| Cash at bank and in hand | 54/58 | €42,298 | €38,707 | -€3,591 | -8.5% |
| Deferred charges and accrued income | 490/1 | €2,692 | €1,723 | -€968 | -36.0% |
| Total equity and liabilities | 10/49 | €257,259 | €228,130 | -€29,129 | -11.3% |
| Equity | 10/15 | €207,465 | €209,439 | +€1,974 | +1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €188,872 | €190,847 | +€1,974 | +1.0% |
| Distributable reserves | 133 | €188,872 | €190,847 | +€1,974 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,795 | €18,691 | -€31,103 | -62.5% |
| Amounts payable within one year | 42/48 | €49,795 | €18,691 | -€31,103 | -62.5% |
| Trade debts | 44 | €221 | €0 | -€221 | -100.0% |
| Suppliers | 440/4 | €221 | €0 | -€221 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,349 | €0 | -€2,349 | -100.0% |
| Taxes | 450/3 | €2,349 | €0 | -€2,349 | -100.0% |
| Other amounts payable | 47/48 | €47,225 | €18,691 | -€28,533 | -60.4% |
| Other operating charges | 640/8 | €4,223 | €4,698 | +€476 | +11.3% |
| Gross operating margin | 9900 | €2,991 | €7,095 | +€4,104 | +137.2% |
| Operating profit (loss) | 9901 | -€1,232 | €2,397 | +€3,629 | |
| Financial income | 75/76B | €6,875 | €76 | -€6,799 | -98.9% |
| Recurring financial income | 75 | €6,875 | €76 | -€6,799 | -98.9% |
| Financial charges | 65/66B | €219 | €166 | -€52 | -23.9% |
| Recurring financial charges | 65 | €219 | €166 | -€52 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €5,425 | €2,307 | -€3,118 | -57.5% |
| Income taxes | 67/77 | €603 | €333 | -€271 | -44.9% |
| Profit (loss) for the period | 9904 | €4,821 | €1,974 | -€2,847 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,821 | €1,974 | -€2,847 | -59.0% |
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 6 October 2026 via checked.be.