Manora: 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.
Manora
Largest movements
- Cash +€113,679
up €113,679 (+38,020%), from €299 to €113,978
mainly Net result for the year (+€258,560) and Tax, wage and social debts (+€22,638)
- Reserves +€258,560
up €258,560 (+548%), from €47,185 to €305,745
- Other debts -€167,519
no longer reported in 2025 (was €167,519)
- Tax, wage and social debts +€22,638
up €22,638 (+703%), from €3,218 to €25,856
- Financial income +€254,637
up €254,637 (+711%), from €35,817 to €290,454
- Taxes +€22,638
up €22,638 (+703%), from €3,218 to €25,856
- Gross operating margin -€6,714
down €6,714, from €1,436 to -€5,278
- Financial charges -€1,106
down €1,106 (-95.6%), from €1,157 to €51
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 | €397,814 | €511,493 | +€113,679 | +28.6% |
| Fixed assets | 21/28 | €397,515 | €397,515 | = | 0.0% |
| Financial fixed assets | 28 | €397,515 | €397,515 | = | 0.0% |
| Current assets | 29/58 | €299 | €113,978 | +€113,679 | +38,020% |
| Cash at bank and in hand | 54/58 | €299 | €113,978 | +€113,679 | +38,020% |
| Total equity and liabilities | 10/49 | €397,814 | €511,493 | +€113,679 | +28.6% |
| Equity | 10/15 | €227,047 | €485,607 | +€258,560 | +114% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €47,185 | €305,745 | +€258,560 | +548% |
| Distributable reserves | 133 | €47,185 | €305,745 | +€258,560 | +548% |
| Profit (loss) carried forward | 14 | €29,862 | €29,862 | = | 0.0% |
| Amounts payable | 17/49 | €170,767 | €25,886 | -€144,881 | -84.8% |
| Amounts payable within one year | 42/48 | €170,767 | €25,886 | -€144,881 | -84.8% |
| Trade debts | 44 | €30 | €30 | = | 0.0% |
| Suppliers | 440/4 | €30 | €30 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,218 | €25,856 | +€22,638 | +703% |
| Taxes | 450/3 | €3,218 | €25,856 | +€22,638 | +703% |
| Other amounts payable | 47/48 | €167,519 | - | -€167,519 | |
| Other operating charges | 640/8 | €693 | €709 | +€16 | +2.3% |
| Gross operating margin | 9900 | €1,436 | -€5,278 | -€6,714 | |
| Operating profit (loss) | 9901 | €743 | -€5,987 | -€6,730 | |
| Financial income | 75/76B | €35,817 | €290,454 | +€254,637 | +711% |
| Recurring financial income | 75 | €35,817 | €290,454 | +€254,637 | +711% |
| Financial charges | 65/66B | €1,157 | €51 | -€1,106 | -95.6% |
| Recurring financial charges | 65 | €1,157 | €51 | -€1,106 | -95.6% |
| Profit (loss) for the period before taxes | 9903 | €35,403 | €284,416 | +€249,013 | +703% |
| Income taxes | 67/77 | €3,218 | €25,856 | +€22,638 | +703% |
| Profit (loss) for the period | 9904 | €32,185 | €258,560 | +€226,375 | +703% |
| Profit (loss) for the period to be appropriated | 9905 | €32,185 | €258,560 | +€226,375 | +703% |
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 18 October 2026 via checked.be.