MANOS: 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.
What changed
MANOS
NACE 82.300, Organisation of conventions and trade shows
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€287,909
2024 · €369,223-€81,314
Equity
€2.2m
2024 · €2.0m+€269,909
Cash
€241,168
2024 · €342,793-€101,625
Balance sheet total
€3.6m
2024 · €3.8m-€176,614
Largest movements
Assets
- Cash -€101,625
down €101,625 (-29.6%), from €342,793 to €241,168
mainly Current portion of long-term debt (-€242,642) and Debts after one year (-€183,534)
- Tangible fixed assets -€79,372
down €79,372 (-2.4%), from €3.3m to €3.3m
of which Land and buildings: -€68,873
Equity and liabilities
- Current portion of long-term debt -€242,642
down €242,642 (-88.2%), from €275,176 to €32,534
- Debts after one year -€183,534
down €183,534 (-69.9%), from €262,534 to €79,000
of which Other amounts payable: -€151,000
- Profit (loss) carried forward +€169,909
up €169,909 (+3.5%), from -€4.9m to -€4.7m
- Reserves +€100,000
up €100,000 (+13.9%), from €719,668 to €819,668
of which Distributable reserves: +€100,000
- Trade debts +€91,116
up €91,116 (+65.7%), from €138,732 to €229,848
Income statement
- Staff costs +€109,704
up €109,704 (+6.3%), from €1.7m to €1.9m
- Gross operating margin -€72,248
down €72,248 (-2.7%), from €2.7m to €2.6m
- Taxes -€58,509
down €58,509 (-29.4%), from €199,045 to €140,536
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.
Result 2024
€369,223
Gross operating margin
-€72,248
Staff costs
-€109,704
Depreciation
+€9,950
Write-downs
-€2,188
Provisions
+€23,018
Other operating charges
-€4,468
Financial income
-€1
Financial charges
+€15,818
Taxes
+€58,509
Result 2025
€287,909
raises the resultlowers the result
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.
From operations
+€371,301
Investment
-€28,750
Financing
-€444,176
Cash 2024
€342,793
From operations (derived)
+€371,301
Net result for the year
+€287,909
Depreciation
+€108,122
Stocks and contracts
+€2,339
Receivables within one year
+€8,747
Deferred charges and accrued income
-€15,469
Provisions
-€23,018
Trade debts
+€91,116
Tax, wage and social debts
-€78,428
Other debts
+€19,638
Accrued charges and deferred income
-€29,655
Investment (derived)
-€28,750
Investment in fixed assets (net)
-€28,750
Financing
-€444,176
Debts after one year
-€183,534
Current portion of long-term debt
-€242,642
Contributions, distributions and other
-€18,000
Cash 2025
€241,168
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,817,082 | €3,640,468 | -€176,614 | -4.6% |
| Fixed assets | 21/28 | €3,351,807 | €3,272,435 | -€79,372 | -2.4% |
| Tangible fixed assets | 22/27 | €3,345,905 | €3,266,533 | -€79,372 | -2.4% |
| Land and buildings | 22 | €3,265,371 | €3,196,498 | -€68,873 | -2.1% |
| Plant, machinery and equipment | 23 | €25,490 | €22,434 | -€3,056 | -12.0% |
| Furniture and vehicles | 24 | €55,044 | €47,601 | -€7,443 | -13.5% |
| Financial fixed assets | 28 | €5,902 | €5,902 | = | 0.0% |
| Current assets | 29/58 | €465,275 | €368,033 | -€97,242 | -20.9% |
| Stocks and contracts in progress | 3 | €26,769 | €24,430 | -€2,339 | -8.7% |
| Stocks | 30/36 | €26,769 | €24,430 | -€2,339 | -8.7% |
| Amounts receivable within one year | 40/41 | €92,973 | €84,226 | -€8,747 | -9.4% |
| Trade receivables | 40 | €92,973 | €84,226 | -€8,747 | -9.4% |
| Cash at bank and in hand | 54/58 | €342,793 | €241,168 | -€101,625 | -29.6% |
| Deferred charges and accrued income | 490/1 | €2,740 | €18,209 | +€15,469 | +565% |
| Total equity and liabilities | 10/49 | €3,817,082 | €3,640,468 | -€176,614 | -4.6% |
| Equity | 10/15 | €1,976,316 | €2,246,225 | +€269,909 | +13.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,051,295 | €6,051,295 | = | 0.0% |
| Reserves | 13 | €719,668 | €819,668 | +€100,000 | +13.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,668 | €9,668 | = | 0.0% |
| Distributable reserves | 133 | €700,000 | €800,000 | +€100,000 | +14.3% |
| Profit (loss) carried forward | 14 | -€4,894,647 | -€4,724,738 | +€169,909 | +3.5% |
| Provisions and deferred taxes | 16 | €669,908 | €646,890 | -€23,018 | -3.4% |
| Provisions for liabilities and charges | 160/5 | €669,908 | €646,890 | -€23,018 | -3.4% |
| Major repairs and maintenance | 162 | €515,000 | €515,000 | = | 0.0% |
| Environmental obligations | 163 | €154,908 | €131,890 | -€23,018 | -14.9% |
| Amounts payable | 17/49 | €1,170,858 | €747,353 | -€423,505 | -36.2% |
| Amounts payable after more than one year | 17 | €262,534 | €79,000 | -€183,534 | -69.9% |
| Financial debts | 170/4 | €32,534 | - | -€32,534 | |
| Other amounts payable | 178/9 | €230,000 | €79,000 | -€151,000 | -65.7% |
| Amounts payable within one year | 42/48 | €717,414 | €507,098 | -€210,316 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €275,176 | €32,534 | -€242,642 | -88.2% |
| Trade debts | 44 | €138,732 | €229,848 | +€91,116 | +65.7% |
| Suppliers | 440/4 | €138,732 | €229,848 | +€91,116 | +65.7% |
| Taxes, remuneration and social security | 45 | €298,839 | €220,411 | -€78,428 | -26.2% |
| Taxes | 450/3 | €157,969 | €63,111 | -€94,858 | -60.0% |
| Remuneration and social security | 454/9 | €140,870 | €157,300 | +€16,430 | +11.7% |
| Other amounts payable | 47/48 | €4,667 | €24,305 | +€19,638 | +421% |
| Accrued charges and deferred income | 492/3 | €190,910 | €161,255 | -€29,655 | -15.5% |
| Non-recurring operating income | 76A | €3,593 | €2,781 | -€812 | -22.6% |
| Remuneration, social security and pensions | 62 | €1,748,581 | €1,858,285 | +€109,704 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,072 | €108,122 | -€9,950 | -8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,188 | +€2,188 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€23,018 | -€23,018 | |
| Other operating charges | 640/8 | €225,500 | €229,968 | +€4,468 | +2.0% |
| Gross operating margin | 9900 | €2,692,688 | €2,620,440 | -€72,248 | -2.7% |
| Operating profit (loss) | 9901 | €600,535 | €444,895 | -€155,640 | -25.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €32,268 | €16,450 | -€15,818 | -49.0% |
| Recurring financial charges | 65 | €31,541 | €15,703 | -€15,838 | -50.2% |
| Non-recurring financial charges | 66B | €727 | €747 | +€20 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €568,268 | €428,445 | -€139,823 | -24.6% |
| Income taxes | 67/77 | €199,045 | €140,536 | -€58,509 | -29.4% |
| Profit (loss) for the period | 9904 | €369,223 | €287,909 | -€81,314 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €369,223 | €287,909 | -€81,314 | -22.0% |
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 15 October 2026 via checked.be.