MANON VALOIR: 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 VALOIR
Largest movements
- Receivables within one year +€10,828
up €10,828 (+114%), from €9,502 to €20,330
- Cash -€5,266
down €5,266 (-36.0%), from €14,643 to €9,377
mainly Receivables within one year (-€10,828) and Tax, wage and social debts (-€3,339)
- Profit (loss) carried forward +€9,784
up €9,784 (+54.6%), from €17,913 to €27,697
- Tax, wage and social debts -€3,339
no longer reported in 2025 (was €3,339)
- Trade debts -€801
down €801 (-49.3%), from €1,626 to €825
- Gross operating margin -€10,600
down €10,600 (-45.0%), from €23,553 to €12,953
- Taxes -€2,203
down €2,203 (-45.5%), from €4,839 to €2,636
- Financial income +€469
up €469 (+147%), from €318 to €787
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 | €25,878 | €31,522 | +€5,644 | +21.8% |
| Fixed assets | 21/28 | €1,570 | €1,654 | +€83 | +5.3% |
| Tangible fixed assets | 22/27 | €1,570 | €1,654 | +€83 | +5.3% |
| Furniture and vehicles | 24 | €1,570 | €1,654 | +€83 | +5.3% |
| Current assets | 29/58 | €24,307 | €29,868 | +€5,560 | +22.9% |
| Amounts receivable within one year | 40/41 | €9,502 | €20,330 | +€10,828 | +114% |
| Other amounts receivable | 41 | €9,502 | €20,330 | +€10,828 | +114% |
| Cash at bank and in hand | 54/58 | €14,643 | €9,377 | -€5,266 | -36.0% |
| Deferred charges and accrued income | 490/1 | €163 | €161 | -€2 | -1.1% |
| Total equity and liabilities | 10/49 | €25,878 | €31,522 | +€5,644 | +21.8% |
| Equity | 10/15 | €20,913 | €30,697 | +€9,784 | +46.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,913 | €27,697 | +€9,784 | +54.6% |
| Amounts payable | 17/49 | €4,965 | €825 | -€4,140 | -83.4% |
| Amounts payable within one year | 42/48 | €4,965 | €825 | -€4,140 | -83.4% |
| Trade debts | 44 | €1,626 | €825 | -€801 | -49.3% |
| Suppliers | 440/4 | €1,626 | €825 | -€801 | -49.3% |
| Taxes, remuneration and social security | 45 | €3,339 | - | -€3,339 | |
| Taxes | 450/3 | €3,339 | - | -€3,339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €729 | €842 | +€113 | +15.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €23,553 | €12,953 | -€10,600 | -45.0% |
| Operating profit (loss) | 9901 | €22,437 | €11,711 | -€10,725 | -47.8% |
| Financial income | 75/76B | €318 | €787 | +€469 | +147% |
| Recurring financial income | 75 | €318 | €787 | +€469 | +147% |
| Financial charges | 65/66B | €3 | €78 | +€75 | +2,572% |
| Recurring financial charges | 65 | €3 | €78 | +€75 | +2,572% |
| Profit (loss) for the period before taxes | 9903 | €22,752 | €12,420 | -€10,332 | -45.4% |
| Income taxes | 67/77 | €4,839 | €2,636 | -€2,203 | -45.5% |
| Profit (loss) for the period | 9904 | €17,913 | €9,784 | -€8,129 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,913 | €9,784 | -€8,129 | -45.4% |
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 29 October 2026 via checked.be.