MANORECO: 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.
MANORECO
Largest movements
- Tangible fixed assets -€12,106
down €12,106 (-60.2%), from €20,117 to €8,010
of which Furniture and vehicles: -€12,004
- Debts after one year -€17,300
down €17,300 (-100.0%), from €17,300 to €0
- Other debts -€14,980
down €14,980 (-60.7%), from €24,694 to €9,714
- Reserves +€10,000
up €10,000 (+45.5%), from €22,000 to €32,000
- Short-term financial debts +€7,000
up €7,000 (+28.0%), from €25,000 to €32,000
- Profit (loss) carried forward +€3,241
up €3,241 (+118.2%), from €2,742 to €5,982
- Gross operating margin +€10,631
up €10,631 (+18.6%), from €57,177 to €67,808
- Other operating charges -€5,361
down €5,361 (-73.4%), from €7,305 to €1,944
- Taxes +€3,360
up €3,360 (+24.0%), from €14,014 to €17,374
- Depreciation -€1,070
down €1,070 (-7.9%), from €13,609 to €12,539
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 | €215,443 | €200,666 | -€14,777 | -6.9% |
| Fixed assets | 21/28 | €208,543 | €196,003 | -€12,539 | -6.0% |
| Intangible fixed assets | 21 | €1,426 | €993 | -€433 | -30.4% |
| Tangible fixed assets | 22/27 | €20,117 | €8,010 | -€12,106 | -60.2% |
| Furniture and vehicles | 24 | €19,629 | €7,625 | -€12,004 | -61.2% |
| Other tangible fixed assets | 26 | €487 | €385 | -€102 | -21.0% |
| Financial fixed assets | 28 | €187,000 | €187,000 | = | 0.0% |
| Current assets | 29/58 | €6,900 | €4,663 | -€2,238 | -32.4% |
| Stocks and contracts in progress | 3 | €1,800 | €1,550 | -€250 | -13.9% |
| Stocks | 30/36 | €1,800 | €1,550 | -€250 | -13.9% |
| Amounts receivable within one year | 40/41 | €39 | €13 | -€26 | -66.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €39 | €13 | -€26 | -66.7% |
| Cash at bank and in hand | 54/58 | €2,458 | €788 | -€1,670 | -67.9% |
| Deferred charges and accrued income | 490/1 | €2,604 | €2,312 | -€292 | -11.2% |
| Total equity and liabilities | 10/49 | €215,443 | €200,666 | -€14,777 | -6.9% |
| Equity | 10/15 | €124,667 | €137,908 | +€13,241 | +10.6% |
| Contributions | 10/11 | €99,925 | €99,925 | = | 0.0% |
| Reserves | 13 | €22,000 | €32,000 | +€10,000 | +45.5% |
| Distributable reserves | 133 | €22,000 | €32,000 | +€10,000 | +45.5% |
| Profit (loss) carried forward | 14 | €2,742 | €5,982 | +€3,241 | +118.2% |
| Amounts payable | 17/49 | €90,776 | €62,758 | -€28,018 | -30.9% |
| Amounts payable after more than one year | 17 | €17,300 | €0 | -€17,300 | -100.0% |
| Financial debts | 170/4 | €17,300 | €0 | -€17,300 | -100.0% |
| Amounts payable within one year | 42/48 | €72,652 | €62,758 | -€9,894 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €5,397 | €5,300 | -€97 | -1.8% |
| Financial debts | 43 | €25,000 | €32,000 | +€7,000 | +28.0% |
| Credit institutions | 430/8 | €25,000 | €32,000 | +€7,000 | +28.0% |
| Trade debts | 44 | €1,571 | €2,487 | +€916 | +58.3% |
| Suppliers | 440/4 | €1,571 | €2,487 | +€916 | +58.3% |
| Advances received on contracts in progress | 46 | €1,000 | €0 | -€1,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,990 | €13,258 | -€1,733 | -11.6% |
| Taxes | 450/3 | €14,990 | €13,258 | -€1,733 | -11.6% |
| Other amounts payable | 47/48 | €24,694 | €9,714 | -€14,980 | -60.7% |
| Accrued charges and deferred income | 492/3 | €823 | €0 | -€823 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,609 | €12,539 | -€1,070 | -7.9% |
| Other operating charges | 640/8 | €7,305 | €1,944 | -€5,361 | -73.4% |
| Gross operating margin | 9900 | €57,177 | €67,808 | +€10,631 | +18.6% |
| Operating profit (loss) | 9901 | €36,262 | €53,325 | +€17,062 | +47.1% |
| Financial charges | 65/66B | €2,773 | €2,710 | -€63 | -2.3% |
| Recurring financial charges | 65 | €2,773 | €2,710 | -€63 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €33,489 | €50,615 | +€17,126 | +51.1% |
| Income taxes | 67/77 | €14,014 | €17,374 | +€3,360 | +24.0% |
| Profit (loss) for the period | 9904 | €19,475 | €33,241 | +€13,765 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,475 | €33,241 | +€13,765 | +70.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.