MANORIA: 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.
MANORIA
Largest movements
- Receivables within one year +€3,196
up €3,196 (+8.2%), from €39,090 to €42,285
- Stocks and contracts -€2,170
down €2,170 (-28.4%), from €7,631 to €5,462
- Debts after one year +€3,769
new in 2025: €3,769
- Tax, wage and social debts -€3,546
down €3,546 (-41.1%), from €8,637 to €5,090
- Profit (loss) carried forward -€2,088
down €2,088 (-76.1%), from -€2,742 to -€4,830
- Trade debts +€1,460
up €1,460 (+19.4%), from €7,525 to €8,985
- Short-term financial debts +€1,332
up €1,332 (+10.3%), from €12,892 to €14,224
- Purchases and services -€92,934
no longer reported in 2025 (was €92,934)
- Turnover -€89,335
no longer reported in 2025 (was €89,335)
- Gross operating margin -€1,140
down €1,140, from €1,035 to -€105
- Other operating charges +€1,103
up €1,103 (+109%), from €1,011 to €2,115
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 | €47,159 | €48,086 | +€927 | +2.0% |
| Current assets | 29/58 | €47,159 | €48,086 | +€927 | +2.0% |
| Stocks and contracts in progress | 3 | €7,631 | €5,462 | -€2,170 | -28.4% |
| Stocks | 30/36 | €7,631 | €5,462 | -€2,170 | -28.4% |
| Amounts receivable within one year | 40/41 | €39,090 | €42,285 | +€3,196 | +8.2% |
| Other amounts receivable | 41 | €39,090 | €42,285 | +€3,196 | +8.2% |
| Cash at bank and in hand | 54/58 | €161 | €59 | -€101 | -63.1% |
| Deferred charges and accrued income | 490/1 | €277 | €280 | +€2 | +0.8% |
| Total equity and liabilities | 10/49 | €47,159 | €48,086 | +€927 | +2.0% |
| Equity | 10/15 | €18,105 | €16,017 | -€2,088 | -11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,247 | €2,247 | = | 0.0% |
| Non-distributable reserves | 130/1 | €895 | €895 | = | 0.0% |
| Reserves not available under the articles | 1311 | €895 | €895 | = | 0.0% |
| Distributable reserves | 133 | €1,352 | €1,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,742 | -€4,830 | -€2,088 | -76.1% |
| Amounts payable | 17/49 | €29,054 | €32,069 | +€3,015 | +10.4% |
| Amounts payable after more than one year | 17 | - | €3,769 | +€3,769 | |
| Other amounts payable | 178/9 | - | €3,769 | +€3,769 | |
| Amounts payable within one year | 42/48 | €29,054 | €28,299 | -€755 | -2.6% |
| Financial debts | 43 | €12,892 | €14,224 | +€1,332 | +10.3% |
| Credit institutions | 430/8 | €12,892 | €14,224 | +€1,332 | +10.3% |
| Trade debts | 44 | €7,525 | €8,985 | +€1,460 | +19.4% |
| Suppliers | 440/4 | €7,525 | €8,985 | +€1,460 | +19.4% |
| Taxes, remuneration and social security | 45 | €8,637 | €5,090 | -€3,546 | -41.1% |
| Remuneration and social security | 454/9 | €8,637 | €5,090 | -€3,546 | -41.1% |
| Turnover | 70 | €89,335 | - | -€89,335 | |
| Goods, raw materials, services and sundry goods | 60/61 | €92,934 | - | -€92,934 | |
| Other operating charges | 640/8 | €1,011 | €2,115 | +€1,103 | +109% |
| Gross operating margin | 9900 | €1,035 | -€105 | -€1,140 | |
| Operating profit (loss) | 9901 | €23 | -€2,220 | -€2,243 | |
| Financial income | 75/76B | €1,907 | €2,121 | +€214 | +11.2% |
| Recurring financial income | 75 | €1,907 | €2,121 | +€214 | +11.2% |
| Financial charges | 65/66B | €1,682 | €1,656 | -€26 | -1.6% |
| Recurring financial charges | 65 | €1,682 | €1,656 | -€26 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €248 | -€1,755 | -€2,003 | |
| Income taxes | 67/77 | €239 | €333 | +€94 | +39.2% |
| Profit (loss) for the period | 9904 | €9 | -€2,088 | -€2,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €9 | -€2,088 | -€2,096 |
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 16 October 2026 via checked.be.