Manon DB: what changed
What changed
Manon DB
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€56,404
2024 · €103,906-€47,501
Equity
€389,309
2024 · €346,404+€42,904
Cash
€86,064
2024 · €32,726+€53,338
Balance sheet total
€1.1m
2024 · €1.1m-€8,520
Largest movements
Assets
- Cash +€53,338
up €53,338 (+163%), from €32,726 to €86,064
mainly Depreciation (+€61,041) and Net result for the year (+€56,404)
- Tangible fixed assets -€52,853
down €52,853 (-5.7%), from €930,274 to €877,421
of which Land and buildings: -€46,358
Equity and liabilities
- Debts after one year -€63,889
down €63,889 (-9.6%), from €667,667 to €603,778
- Reserves +€42,904
up €42,904 (+13.1%), from €327,386 to €370,290
- Other debts +€28,969
new in 2025: €28,969
Income statement
- Gross operating margin -€68,574
down €68,574 (-31.7%), from €216,655 to €148,081
- Taxes -€22,521
down €22,521 (-54.3%), from €41,466 to €18,944
- Depreciation +€2,408
up €2,408 (+4.1%), from €58,634 to €61,041
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€103,906
Gross operating margin
-€68,574
Depreciation
-€2,408
Other operating charges
-€75
Financial income
+€312
Financial charges
+€723
Taxes
+€22,521
Result 2025
€56,404
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€138,982
Investment
-€8,688
Financing
-€76,956
Cash 2024
€32,726
From operations (derived)
+€138,982
Net result for the year
+€56,404
Depreciation
+€61,041
Receivables within one year
+€9,101
Deferred charges and accrued income
+€404
Trade debts
-€4,911
Tax, wage and social debts
-€10,601
Other debts
+€28,969
Accrued charges and deferred income
-€1,425
Investment (derived)
-€8,688
Investment in fixed assets (net)
-€8,688
Financing
-€76,956
Debts after one year
-€63,889
Current portion of long-term debt
+€434
Contributions, distributions and other
-€13,500
Cash 2025
€86,064
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,089,874 | €1,081,354 | -€8,520 | -0.8% |
| Fixed assets | 21/28 | €930,274 | €877,921 | -€52,353 | -5.6% |
| Tangible fixed assets | 22/27 | €930,274 | €877,421 | -€52,853 | -5.7% |
| Land and buildings | 22 | €903,806 | €857,448 | -€46,358 | -5.1% |
| Plant, machinery and equipment | 23 | €26,468 | €19,973 | -€6,495 | -24.5% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €159,600 | €203,433 | +€43,833 | +27.5% |
| Amounts receivable within one year | 40/41 | €126,470 | €117,369 | -€9,101 | -7.2% |
| Trade receivables | 40 | €125,970 | €116,160 | -€9,810 | -7.8% |
| Other amounts receivable | 41 | €500 | €1,209 | +€709 | +142% |
| Cash at bank and in hand | 54/58 | €32,726 | €86,064 | +€53,338 | +163% |
| Deferred charges and accrued income | 490/1 | €404 | - | -€404 | |
| Total equity and liabilities | 10/49 | €1,089,874 | €1,081,354 | -€8,520 | -0.8% |
| Equity | 10/15 | €346,404 | €389,309 | +€42,904 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,386 | €370,290 | +€42,904 | +13.1% |
| Distributable reserves | 133 | €327,386 | €370,290 | +€42,904 | +13.1% |
| Profit (loss) carried forward | 14 | €418 | €418 | = | 0.0% |
| Amounts payable | 17/49 | €743,470 | €692,045 | -€51,424 | -6.9% |
| Amounts payable after more than one year | 17 | €667,667 | €603,778 | -€63,889 | -9.6% |
| Financial debts | 170/4 | €667,667 | €603,778 | -€63,889 | -9.6% |
| Amounts payable within one year | 42/48 | €74,377 | €88,267 | +€13,890 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €37,456 | €37,889 | +€434 | +1.2% |
| Trade debts | 44 | €6,286 | €1,374 | -€4,911 | -78.1% |
| Suppliers | 440/4 | €6,286 | €1,374 | -€4,911 | -78.1% |
| Taxes, remuneration and social security | 45 | €30,636 | €20,035 | -€10,601 | -34.6% |
| Taxes | 450/3 | €30,636 | €20,035 | -€10,601 | -34.6% |
| Other amounts payable | 47/48 | - | €28,969 | +€28,969 | |
| Accrued charges and deferred income | 492/3 | €1,425 | - | -€1,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,634 | €61,041 | +€2,408 | +4.1% |
| Other operating charges | 640/8 | €2,903 | €2,978 | +€75 | +2.6% |
| Gross operating margin | 9900 | €216,655 | €148,081 | -€68,574 | -31.7% |
| Operating profit (loss) | 9901 | €155,118 | €84,061 | -€71,057 | -45.8% |
| Financial income | 75/76B | - | €312 | +€312 | |
| Recurring financial income | 75 | - | €312 | +€312 | |
| Financial charges | 65/66B | €9,747 | €9,024 | -€723 | -7.4% |
| Recurring financial charges | 65 | €9,747 | €9,024 | -€723 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €145,371 | €75,349 | -€70,023 | -48.2% |
| Income taxes | 67/77 | €41,466 | €18,944 | -€22,521 | -54.3% |
| Profit (loss) for the period | 9904 | €103,906 | €56,404 | -€47,501 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,906 | €56,404 | -€47,501 | -45.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.