MANON 21: 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 21
Largest movements
- Cash +€12,897
up €12,897 (+70.1%), from €18,405 to €31,302
mainly Trade debts (+€23,092) and Other debts (+€2,087)
- Tangible fixed assets +€6,979
up €6,979 (+168%), from €4,145 to €11,125
of which Other tangible fixed assets: +€5,363
- Stocks and contracts +€4,118
up €4,118 (+34.9%), from €11,805 to €15,924
- Receivables within one year +€3,913
up €3,913 (+76.4%), from €5,123 to €9,036
of which Trade receivables: +€1,991
- Deferred charges and accrued income -€1,210
down €1,210 (-20.8%), from €5,827 to €4,617
- Trade debts +€23,092
up €23,092 (+2,137%), from €1,081 to €24,173
- Other debts +€2,087
up €2,087 (+6.4%), from €32,658 to €34,745
- Profit (loss) carried forward +€1,204
up €1,204 (+13.5%), from -€8,888 to -€7,684
- Gross operating margin -€11,478
down €11,478 (-70.5%), from €16,270 to €4,792
- Staff costs -€1,973
no longer reported in 2025 (was €1,973)
- Depreciation +€300
up €300 (+37.7%), from €796 to €1,096
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 | €45,491 | €72,188 | +€26,698 | +58.7% |
| Fixed assets | 21/28 | €4,330 | €11,309 | +€6,979 | +161% |
| Tangible fixed assets | 22/27 | €4,145 | €11,125 | +€6,979 | +168% |
| Plant, machinery and equipment | 23 | €179 | €1,795 | +€1,617 | +905% |
| Other tangible fixed assets | 26 | €3,967 | €9,329 | +€5,363 | +135% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €41,161 | €60,879 | +€19,718 | +47.9% |
| Stocks and contracts in progress | 3 | €11,805 | €15,924 | +€4,118 | +34.9% |
| Stocks | 30/36 | €11,805 | €15,924 | +€4,118 | +34.9% |
| Amounts receivable within one year | 40/41 | €5,123 | €9,036 | +€3,913 | +76.4% |
| Trade receivables | 40 | €5,016 | €7,007 | +€1,991 | +39.7% |
| Other amounts receivable | 41 | €107 | €2,029 | +€1,923 | +1,803% |
| Cash at bank and in hand | 54/58 | €18,405 | €31,302 | +€12,897 | +70.1% |
| Deferred charges and accrued income | 490/1 | €5,827 | €4,617 | -€1,210 | -20.8% |
| Total equity and liabilities | 10/49 | €45,491 | €72,188 | +€26,698 | +58.7% |
| Equity | 10/15 | €11,326 | €12,530 | +€1,204 | +10.6% |
| Contributions | 10/11 | €16,071 | €16,071 | = | 0.0% |
| Reserves | 13 | €4,143 | €4,143 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,143 | €4,143 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,888 | -€7,684 | +€1,204 | +13.5% |
| Amounts payable | 17/49 | €34,164 | €59,658 | +€25,494 | +74.6% |
| Amounts payable within one year | 42/48 | €34,164 | €59,658 | +€25,494 | +74.6% |
| Trade debts | 44 | €1,081 | €24,173 | +€23,092 | +2,137% |
| Suppliers | 440/4 | €1,081 | €24,173 | +€23,092 | +2,137% |
| Taxes, remuneration and social security | 45 | €425 | €740 | +€315 | +73.9% |
| Taxes | 450/3 | €425 | €740 | +€315 | +73.9% |
| Other amounts payable | 47/48 | €32,658 | €34,745 | +€2,087 | +6.4% |
| Remuneration, social security and pensions | 62 | €1,973 | - | -€1,973 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €796 | €1,096 | +€300 | +37.7% |
| Other operating charges | 640/8 | €621 | €621 | = | 0.0% |
| Gross operating margin | 9900 | €16,270 | €4,792 | -€11,478 | -70.5% |
| Operating profit (loss) | 9901 | €12,880 | €3,075 | -€9,805 | -76.1% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €1,480 | €1,492 | +€12 | +0.8% |
| Recurring financial charges | 65 | €1,480 | €1,492 | +€12 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €11,407 | €1,583 | -€9,823 | -86.1% |
| Income taxes | 67/77 | €360 | €380 | +€19 | +5.3% |
| Profit (loss) for the period | 9904 | €11,046 | €1,204 | -€9,842 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,046 | €1,204 | -€9,842 | -89.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.