MANON: 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.
MANON
Largest movements
- Tangible fixed assets -€26,303
down €26,303 (-10.2%), from €256,795 to €230,492
of which Furniture and vehicles: -€17,959
- Formation expenses -€8,000
down €8,000 (-50.0%), from €16,000 to €8,000
- Receivables within one year +€7,192
up €7,192 (+24.8%), from €28,975 to €36,167
of which Other amounts receivable: +€7,239
- Cash -€5,474
down €5,474 (-3.8%), from €145,397 to €139,923
mainly Debts after one year (-€18,030) and Tax, wage and social debts (-€17,095)
- Debts after one year -€18,030
down €18,030 (-15.5%), from €116,626 to €98,597
- Tax, wage and social debts -€17,095
down €17,095 (-65.6%), from €26,042 to €8,947
- Other debts -€5,592
down €5,592 (-7.9%), from €70,793 to €65,202
- Accrued charges and deferred income +€5,386
new in 2024: €5,386
- Gross operating margin -€89,655
down €89,655 (-58.9%), from €152,210 to €62,555
- Taxes -€23,877
down €23,877 (-89.3%), from €26,752 to €2,875
- Depreciation -€2,391
down €2,391 (-5.6%), from €42,495 to €40,104
- Financial charges -€1,636
down €1,636 (-12.9%), from €12,723 to €11,087
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,168 | €414,583 | -€32,585 | -7.3% |
| Formation expenses | 20 | €16,000 | €8,000 | -€8,000 | -50.0% |
| Fixed assets | 21/28 | €256,795 | €230,492 | -€26,303 | -10.2% |
| Tangible fixed assets | 22/27 | €256,795 | €230,492 | -€26,303 | -10.2% |
| Land and buildings | 22 | €205,733 | €197,670 | -€8,064 | -3.9% |
| Plant, machinery and equipment | 23 | €1,398 | €1,119 | -€280 | -20.0% |
| Furniture and vehicles | 24 | €49,663 | €31,704 | -€17,959 | -36.2% |
| Current assets | 29/58 | €174,373 | €176,090 | +€1,718 | +1.0% |
| Amounts receivable within one year | 40/41 | €28,975 | €36,167 | +€7,192 | +24.8% |
| Trade receivables | 40 | €28,975 | €28,928 | -€48 | -0.2% |
| Other amounts receivable | 41 | - | €7,239 | +€7,239 | |
| Cash at bank and in hand | 54/58 | €145,397 | €139,923 | -€5,474 | -3.8% |
| Total equity and liabilities | 10/49 | €447,168 | €414,583 | -€32,585 | -7.3% |
| Equity | 10/15 | €211,386 | €217,191 | +€5,805 | +2.7% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €192,786 | €196,731 | +€3,945 | +2.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €214 | €214 | = | 0.0% |
| Distributable reserves | 133 | €190,712 | €196,517 | +€5,805 | +3.0% |
| Amounts payable | 17/49 | €235,782 | €197,392 | -€38,390 | -16.3% |
| Amounts payable after more than one year | 17 | €116,626 | €98,597 | -€18,030 | -15.5% |
| Financial debts | 170/4 | €116,626 | €98,597 | -€18,030 | -15.5% |
| Amounts payable within one year | 42/48 | €119,155 | €93,410 | -€25,746 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €17,504 | €18,030 | +€525 | +3.0% |
| Trade debts | 44 | €4,816 | €1,232 | -€3,584 | -74.4% |
| Suppliers | 440/4 | €4,816 | €1,232 | -€3,584 | -74.4% |
| Taxes, remuneration and social security | 45 | €26,042 | €8,947 | -€17,095 | -65.6% |
| Taxes | 450/3 | €26,042 | €8,947 | -€17,095 | -65.6% |
| Other amounts payable | 47/48 | €70,793 | €65,202 | -€5,592 | -7.9% |
| Accrued charges and deferred income | 492/3 | - | €5,386 | +€5,386 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,495 | €40,104 | -€2,391 | -5.6% |
| Other operating charges | 640/8 | €2,001 | €2,229 | +€228 | +11.4% |
| Gross operating margin | 9900 | €152,210 | €62,555 | -€89,655 | -58.9% |
| Operating profit (loss) | 9901 | €107,714 | €20,222 | -€87,492 | -81.2% |
| Financial income | 75/76B | €412 | €404 | -€9 | -2.1% |
| Recurring financial income | 75 | €412 | €404 | -€9 | -2.1% |
| Financial charges | 65/66B | €12,723 | €11,087 | -€1,636 | -12.9% |
| Recurring financial charges | 65 | €12,723 | €11,087 | -€1,636 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €95,404 | €9,539 | -€85,865 | -90.0% |
| Income taxes | 67/77 | €26,752 | €2,875 | -€23,877 | -89.3% |
| Profit (loss) for the period | 9904 | €68,652 | €6,664 | -€61,988 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,652 | €6,664 | -€61,988 | -90.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.