MANOR CORAX: what changed
Two fiscal 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.
MANOR CORAX
Largest movements
- Cash +€50,137
up €50,137 (+120.6%), from €41,564 to €91,701
mainly Other debts (+€67,661) and Receivables within one year (+€30,405)
- Receivables within one year -€30,405
down €30,405 (-24.4%), from €124,687 to €94,282
of which Trade receivables: -€30,979
- Tangible fixed assets +€8,906
up €8,906 (+175.6%), from €5,071 to €13,977
of which Furniture and vehicles: +€4,927
- Other debts +€67,661
new in 2025: €67,661
- Reserves -€45,351
down €45,351 (-27.4%), from €165,409 to €120,058
of which Distributable reserves: -€45,351
- Accrued charges and deferred income +€5,150
new in 2025: €5,150
- Tax, wage and social debts +€3,308
up €3,308 (+16.1%), from €20,548 to €23,856
of which Remuneration and social security: +€4,280
- Staff costs +€55,434
up €55,434 (+313.3%), from €17,692 to €73,126
- Gross operating margin +€20,579
up €20,579 (+21.5%), from €95,862 to €116,441
- Taxes -€10,932
down €10,932 (-52.2%), from €20,959 to €10,027
- Financial charges +€8,176
up €8,176 (+385.4%), from €2,121 to €10,297
- Financial income +€1,519
up €1,519 (+61.4%), from €2,472 to €3,991
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 | €213,893 | €242,634 | +€28,741 | +13.4% |
| Fixed assets | 21/28 | €5,071 | €13,977 | +€8,906 | +175.6% |
| Tangible fixed assets | 22/27 | €5,071 | €13,977 | +€8,906 | +175.6% |
| Plant, machinery and equipment | 23 | €2,033 | €6,012 | +€3,979 | +195.7% |
| Furniture and vehicles | 24 | €3,038 | €7,965 | +€4,927 | +162.2% |
| Current assets | 29/58 | €208,822 | €228,657 | +€19,835 | +9.5% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €124,687 | €94,282 | -€30,405 | -24.4% |
| Trade receivables | 40 | €90,757 | €59,778 | -€30,979 | -34.1% |
| Other amounts receivable | 41 | €33,930 | €34,503 | +€573 | +1.7% |
| Cash at bank and in hand | 54/58 | €41,564 | €91,701 | +€50,137 | +120.6% |
| Deferred charges and accrued income | 490/1 | €2,572 | €2,674 | +€103 | +4.0% |
| Total equity and liabilities | 10/49 | €213,893 | €242,634 | +€28,741 | +13.4% |
| Equity | 10/15 | €184,009 | €138,658 | -€45,351 | -24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,409 | €120,058 | -€45,351 | -27.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €165,409 | €120,058 | -€45,351 | -27.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €29,884 | €103,976 | +€74,092 | +247.9% |
| Amounts payable within one year | 42/48 | €29,884 | €98,826 | +€68,942 | +230.7% |
| Financial debts | 43 | €8 | €5 | -€4 | -42.4% |
| Credit institutions | 430/8 | €8 | €5 | -€4 | -42.4% |
| Trade debts | 44 | €9,328 | €7,304 | -€2,024 | -21.7% |
| Suppliers | 440/4 | €9,328 | €7,304 | -€2,024 | -21.7% |
| Taxes, remuneration and social security | 45 | €20,548 | €23,856 | +€3,308 | +16.1% |
| Taxes | 450/3 | €15,333 | €14,361 | -€972 | -6.3% |
| Remuneration and social security | 454/9 | €5,215 | €9,495 | +€4,280 | +82.1% |
| Other amounts payable | 47/48 | - | €67,661 | +€67,661 | |
| Accrued charges and deferred income | 492/3 | - | €5,150 | +€5,150 | |
| Remuneration, social security and pensions | 62 | €17,692 | €73,126 | +€55,434 | +313.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,223 | €3,705 | +€1,482 | +66.7% |
| Other operating charges | 640/8 | €1,458 | €967 | -€491 | -33.7% |
| Gross operating margin | 9900 | €95,862 | €116,441 | +€20,579 | +21.5% |
| Operating profit (loss) | 9901 | €74,489 | €38,643 | -€35,846 | -48.1% |
| Financial income | 75/76B | €2,472 | €3,991 | +€1,519 | +61.4% |
| Recurring financial income | 75 | €2,472 | €3,991 | +€1,519 | +61.4% |
| Financial charges | 65/66B | €2,121 | €10,297 | +€8,176 | +385.4% |
| Recurring financial charges | 65 | €2,121 | €10,297 | +€8,176 | +385.4% |
| Profit (loss) for the period before taxes | 9903 | €74,840 | €32,336 | -€42,503 | -56.8% |
| Income taxes | 67/77 | €20,959 | €10,027 | -€10,932 | -52.2% |
| Profit (loss) for the period | 9904 | €53,881 | €22,310 | -€31,571 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,881 | €22,310 | -€31,571 | -58.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.