MANON: 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.
MANON
Largest movements
- Receivables within one year -€133,523
down €133,523 (-44.8%), from €297,930 to €164,408
of which Other amounts receivable: -€137,686
- Tangible fixed assets -€14,919
down €14,919 (-5.6%), from €264,596 to €249,677
- Other debts -€100,455
down €100,455 (-90.7%), from €110,702 to €10,247
- Debts after one year -€100,000
down €100,000 (-100%), from €100,000 to €0
- Reserves +€44,998
up €44,998 (+19.4%), from €232,207 to €277,205
- Accrued charges and deferred income +€6,168
up €6,168 (+25.5%), from €24,164 to €30,331
- Gross operating margin +€17,175
up €17,175 (+23.3%), from €73,664 to €90,840
- Financial charges -€7,438
down €7,438 (-53.2%), from €13,981 to €6,543
- Taxes +€6,268
up €6,268 (+65.6%), from €9,554 to €15,822
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 | €570,123 | €417,905 | -€152,219 | -26.7% |
| Fixed assets | 21/28 | €264,596 | €249,677 | -€14,919 | -5.6% |
| Tangible fixed assets | 22/27 | €264,596 | €249,677 | -€14,919 | -5.6% |
| Land and buildings | 22 | €264,596 | €249,677 | -€14,919 | -5.6% |
| Current assets | 29/58 | €305,528 | €168,228 | -€137,300 | -44.9% |
| Amounts receivable within one year | 40/41 | €297,930 | €164,408 | -€133,523 | -44.8% |
| Trade receivables | 40 | €283 | €4,446 | +€4,164 | +1,473% |
| Other amounts receivable | 41 | €297,647 | €159,961 | -€137,686 | -46.3% |
| Cash at bank and in hand | 54/58 | €7,598 | €3,820 | -€3,778 | -49.7% |
| Total equity and liabilities | 10/49 | €570,123 | €417,905 | -€152,219 | -26.7% |
| Equity | 10/15 | €330,207 | €375,205 | +€44,998 | +13.6% |
| Contributions | 10/11 | €98,000 | €98,000 | = | 0.0% |
| Reserves | 13 | €232,207 | €277,205 | +€44,998 | +19.4% |
| Distributable reserves | 133 | €232,207 | €277,205 | +€44,998 | +19.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €239,916 | €42,700 | -€197,217 | -82.2% |
| Amounts payable after more than one year | 17 | €100,000 | €0 | -€100,000 | -100% |
| Other amounts payable | 178/9 | €100,000 | €0 | -€100,000 | -100% |
| Amounts payable within one year | 42/48 | €115,752 | €12,368 | -€103,384 | -89.3% |
| Trade debts | 44 | €197 | €0 | -€197 | -100% |
| Suppliers | 440/4 | €197 | €0 | -€197 | -100% |
| Taxes, remuneration and social security | 45 | €4,854 | €2,121 | -€2,732 | -56.3% |
| Taxes | 450/3 | €3,554 | €821 | -€2,732 | -76.9% |
| Remuneration and social security | 454/9 | €1,300 | €1,300 | = | 0.0% |
| Other amounts payable | 47/48 | €110,702 | €10,247 | -€100,455 | -90.7% |
| Accrued charges and deferred income | 492/3 | €24,164 | €30,331 | +€6,168 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,919 | €14,919 | = | 0.0% |
| Other operating charges | 640/8 | €6,942 | €7,052 | +€110 | +1.6% |
| Gross operating margin | 9900 | €73,664 | €90,840 | +€17,175 | +23.3% |
| Operating profit (loss) | 9901 | €51,803 | €68,869 | +€17,066 | +32.9% |
| Financial income | 75/76B | €0 | €547 | +€546 | +165,512% |
| Recurring financial income | 75 | €0 | €547 | +€546 | +165,512% |
| Financial charges | 65/66B | €13,981 | €6,543 | -€7,438 | -53.2% |
| Recurring financial charges | 65 | €13,981 | €6,543 | -€7,438 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €37,823 | €62,872 | +€25,050 | +66.2% |
| Income taxes | 67/77 | €9,554 | €15,822 | +€6,268 | +65.6% |
| Profit (loss) for the period | 9904 | €28,269 | €47,050 | +€18,781 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,269 | €47,050 | +€18,781 | +66.4% |
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 19 October 2026 via checked.be.