MANON FINANCES: 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 FINANCES
Largest movements
- Intangible fixed assets -€40,750
down €40,750 (-12.9%), from €316,871 to €276,121
- Cash -€15,244
down €15,244 (-27.2%), from €56,032 to €40,788
mainly Debts after one year (-€45,628) and Other debts (-€26,000)
- Tangible fixed assets -€10,173
down €10,173 (-17.5%), from €58,293 to €48,120
of which Furniture and vehicles: -€6,927
- Deferred charges and accrued income +€6,644
up €6,644 (+20.8%), from €31,904 to €38,548
- Receivables within one year -€5,016
down €5,016 (-18.1%), from €27,682 to €22,666
- Debts after one year -€45,628
down €45,628 (-14.1%), from €324,448 to €278,820
- Other debts -€26,000
down €26,000 (-57.8%), from €45,000 to €19,000
- Trade debts -€7,576
down €7,576 (-49.0%), from €15,464 to €7,888
- Tax, wage and social debts +€6,738
up €6,738 (+47.1%), from €14,306 to €21,044
of which Remuneration and social security: +€6,689
- Staff costs +€29,567
up €29,567 (+28.2%), from €104,757 to €134,324
- Gross operating margin +€18,664
up €18,664 (+8.5%), from €219,750 to €238,414
- Depreciation +€14,126
up €14,126 (+35.4%), from €39,900 to €54,026
- Financial charges +€6,393
up €6,393 (+50.3%), from €12,707 to €19,100
- Taxes -€6,269
down €6,269 (-41.3%), from €15,183 to €8,914
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 | €493,753 | €429,654 | -€64,099 | -13.0% |
| Fixed assets | 21/28 | €378,135 | €327,652 | -€50,483 | -13.4% |
| Intangible fixed assets | 21 | €316,871 | €276,121 | -€40,750 | -12.9% |
| Tangible fixed assets | 22/27 | €58,293 | €48,120 | -€10,173 | -17.5% |
| Plant, machinery and equipment | 23 | - | €678 | +€678 | |
| Furniture and vehicles | 24 | €41,936 | €35,009 | -€6,927 | -16.5% |
| Other tangible fixed assets | 26 | €16,357 | €12,433 | -€3,924 | -24.0% |
| Financial fixed assets | 28 | €2,971 | €3,411 | +€440 | +14.8% |
| Current assets | 29/58 | €115,618 | €102,002 | -€13,616 | -11.8% |
| Amounts receivable within one year | 40/41 | €27,682 | €22,666 | -€5,016 | -18.1% |
| Other amounts receivable | 41 | €27,682 | €22,666 | -€5,016 | -18.1% |
| Cash at bank and in hand | 54/58 | €56,032 | €40,788 | -€15,244 | -27.2% |
| Deferred charges and accrued income | 490/1 | €31,904 | €38,548 | +€6,644 | +20.8% |
| Total equity and liabilities | 10/49 | €493,753 | €429,654 | -€64,099 | -13.0% |
| Equity | 10/15 | €19,077 | €19,142 | +€65 | +0.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €527 | €592 | +€65 | +12.3% |
| Amounts payable | 17/49 | €474,676 | €410,512 | -€64,164 | -13.5% |
| Amounts payable after more than one year | 17 | €324,448 | €278,820 | -€45,628 | -14.1% |
| Financial debts | 170/4 | €324,448 | €278,820 | -€45,628 | -14.1% |
| Amounts payable within one year | 42/48 | €150,228 | €128,453 | -€21,775 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €44,386 | €45,629 | +€1,243 | +2.8% |
| Financial debts | 43 | €31,072 | €34,892 | +€3,820 | +12.3% |
| Credit institutions | 430/8 | €31,072 | €34,892 | +€3,820 | +12.3% |
| Trade debts | 44 | €15,464 | €7,888 | -€7,576 | -49.0% |
| Suppliers | 440/4 | €15,464 | €7,888 | -€7,576 | -49.0% |
| Taxes, remuneration and social security | 45 | €14,306 | €21,044 | +€6,738 | +47.1% |
| Taxes | 450/3 | €2,384 | €2,433 | +€49 | +2.1% |
| Remuneration and social security | 454/9 | €11,922 | €18,611 | +€6,689 | +56.1% |
| Other amounts payable | 47/48 | €45,000 | €19,000 | -€26,000 | -57.8% |
| Accrued charges and deferred income | 492/3 | - | €3,239 | +€3,239 | |
| Remuneration, social security and pensions | 62 | €104,757 | €134,324 | +€29,567 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,900 | €54,026 | +€14,126 | +35.4% |
| Other operating charges | 640/8 | €1,894 | €3,043 | +€1,149 | +60.7% |
| Gross operating margin | 9900 | €219,750 | €238,414 | +€18,664 | +8.5% |
| Operating profit (loss) | 9901 | €73,199 | €47,021 | -€26,178 | -35.8% |
| Financial income | 75/76B | €5 | €58 | +€53 | +1,060% |
| Recurring financial income | 75 | €5 | €58 | +€53 | +1,060% |
| Financial charges | 65/66B | €12,707 | €19,100 | +€6,393 | +50.3% |
| Recurring financial charges | 65 | €12,707 | €19,100 | +€6,393 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €60,497 | €27,979 | -€32,518 | -53.8% |
| Income taxes | 67/77 | €15,183 | €8,914 | -€6,269 | -41.3% |
| Profit (loss) for the period | 9904 | €45,314 | €19,065 | -€26,249 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,314 | €19,065 | -€26,249 | -57.9% |
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 20 October 2026 via checked.be.