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 +€28,251
up €28,251 (+122.8%), from €23,008 to €51,259
of which Other amounts receivable: +€23,095
- Deferred charges and accrued income +€18,178
up €18,178 (+8245.7%), from €220 to €18,398
- Cash +€13,698
up €13,698 (+324.1%), from €4,226 to €17,925
mainly Net result for the year (+€18,659) and Other debts (+€17,995)
- Stocks and contracts +€3,650
up €3,650 (+34.4%), from €10,623 to €14,273
- Reserves +€18,392
up €18,392 (+74.7%), from €24,608 to €43,000
- Other debts +€17,995
new in 2025: €17,995
- Accrued charges and deferred income +€14,909
new in 2025: €14,909
- Trade debts +€8,524
up €8,524 (+99.7%), from €8,551 to €17,075
- Debts after one year +€4,633
up €4,633 (+563.2%), from €823 to €5,455
- Gross operating margin +€61,293
up €61,293, from -€33,860 to €27,433
- Financial charges +€3,904
up €3,904 (+431.4%), from €905 to €4,809
- Staff costs -€2,441
no longer reported in 2025 (was €2,441)
- Other operating charges +€760
up €760 (+117.1%), from €649 to €1,409
- Taxes +€568
new in 2025: €568
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 | €42,928 | €106,134 | +€63,206 | +147.2% |
| Fixed assets | 21/28 | €4,850 | €4,279 | -€571 | -11.8% |
| Tangible fixed assets | 22/27 | €4,850 | €4,279 | -€571 | -11.8% |
| Plant, machinery and equipment | 23 | €3,240 | €3,780 | +€540 | +16.7% |
| Furniture and vehicles | 24 | €1,609 | €498 | -€1,111 | -69.0% |
| Current assets | 29/58 | €38,078 | €101,855 | +€63,777 | +167.5% |
| Stocks and contracts in progress | 3 | €10,623 | €14,273 | +€3,650 | +34.4% |
| Stocks | 30/36 | €10,623 | €14,273 | +€3,650 | +34.4% |
| Amounts receivable within one year | 40/41 | €23,008 | €51,259 | +€28,251 | +122.8% |
| Trade receivables | 40 | €5,074 | €10,230 | +€5,155 | +101.6% |
| Other amounts receivable | 41 | €17,934 | €41,029 | +€23,095 | +128.8% |
| Cash at bank and in hand | 54/58 | €4,226 | €17,925 | +€13,698 | +324.1% |
| Deferred charges and accrued income | 490/1 | €220 | €18,398 | +€18,178 | +8245.7% |
| Total equity and liabilities | 10/49 | €42,928 | €106,134 | +€63,206 | +147.2% |
| Equity | 10/15 | €26,608 | €45,266 | +€18,659 | +70.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €24,608 | €43,000 | +€18,392 | +74.7% |
| Distributable reserves | 133 | €24,608 | €43,000 | +€18,392 | +74.7% |
| Profit (loss) carried forward | 14 | - | €266 | +€266 | |
| Amounts payable | 17/49 | €16,320 | €60,868 | +€44,547 | +273.0% |
| Amounts payable after more than one year | 17 | €823 | €5,455 | +€4,633 | +563.2% |
| Financial debts | 170/4 | €823 | €5,455 | +€4,633 | +563.2% |
| Amounts payable within one year | 42/48 | €15,498 | €40,504 | +€25,006 | +161.4% |
| Current portion of amounts payable after more than one year | 42 | €3,496 | €4,325 | +€830 | +23.7% |
| Trade debts | 44 | €8,551 | €17,075 | +€8,524 | +99.7% |
| Suppliers | 440/4 | €8,551 | €17,075 | +€8,524 | +99.7% |
| Taxes, remuneration and social security | 45 | €3,451 | €1,108 | -€2,343 | -67.9% |
| Taxes | 450/3 | €812 | €1,108 | +€296 | +36.5% |
| Remuneration and social security | 454/9 | €2,639 | - | -€2,639 | |
| Other amounts payable | 47/48 | - | €17,995 | +€17,995 | |
| Accrued charges and deferred income | 492/3 | - | €14,909 | +€14,909 | |
| Remuneration, social security and pensions | 62 | €2,441 | - | -€2,441 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,883 | €3,090 | +€207 | +7.2% |
| Other operating charges | 640/8 | €649 | €1,409 | +€760 | +117.1% |
| Gross operating margin | 9900 | -€33,860 | €27,433 | +€61,293 | |
| Operating profit (loss) | 9901 | -€39,834 | €22,934 | +€62,768 | |
| Financial income | 75/76B | €814 | €1,101 | +€287 | +35.2% |
| Recurring financial income | 75 | €814 | €1,101 | +€287 | +35.2% |
| Financial charges | 65/66B | €905 | €4,809 | +€3,904 | +431.4% |
| Recurring financial charges | 65 | €905 | €4,809 | +€3,904 | +431.4% |
| Profit (loss) for the period before taxes | 9903 | -€39,925 | €19,226 | +€59,151 | |
| Income taxes | 67/77 | - | €568 | +€568 | |
| Profit (loss) for the period | 9904 | -€39,925 | €18,659 | +€58,583 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,925 | €18,659 | +€58,583 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.