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.
Manos
Largest movements
- Tangible fixed assets -€12,580
down €12,580 (-21.9%), from €57,447 to €44,868
of which Furniture and vehicles: -€11,331
- Cash +€4,379
up €4,379 (+4.8%), from €92,086 to €96,465
mainly Net result for the year (+€90,477) and Depreciation (+€12,580)
- Current investments -€4,000
down €4,000 (-3.9%), from €103,308 to €99,308
- Reserves -€19,176
down €19,176 (-16.9%), from €113,133 to €93,957
- Gross operating margin +€22,218
up €22,218 (+21.6%), from €102,850 to €125,068
- Financial income -€13,182
down €13,182 (-75.6%), from €17,440 to €4,258
- Depreciation +€8,809
up €8,809 (+234%), from €3,771 to €12,580
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 | €274,972 | €260,806 | -€14,166 | -5.2% |
| Fixed assets | 21/28 | €57,447 | €44,868 | -€12,580 | -21.9% |
| Tangible fixed assets | 22/27 | €57,447 | €44,868 | -€12,580 | -21.9% |
| Land and buildings | 22 | €441 | €326 | -€115 | -26.1% |
| Plant, machinery and equipment | 23 | €4,225 | €3,092 | -€1,134 | -26.8% |
| Furniture and vehicles | 24 | €52,781 | €41,450 | -€11,331 | -21.5% |
| Current assets | 29/58 | €217,525 | €215,938 | -€1,587 | -0.7% |
| Amounts receivable within one year | 40/41 | €19,186 | €17,186 | -€2,000 | -10.4% |
| Trade receivables | 40 | €15,009 | €13,885 | -€1,125 | -7.5% |
| Other amounts receivable | 41 | €4,177 | €3,301 | -€876 | -21.0% |
| Current investments | 50/53 | €103,308 | €99,308 | -€4,000 | -3.9% |
| Cash at bank and in hand | 54/58 | €92,086 | €96,465 | +€4,379 | +4.8% |
| Deferred charges and accrued income | 490/1 | €2,944 | €2,978 | +€34 | +1.2% |
| Total equity and liabilities | 10/49 | €274,972 | €260,806 | -€14,166 | -5.2% |
| Equity | 10/15 | €261,321 | €244,622 | -€16,698 | -6.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €113,133 | €93,957 | -€19,176 | -16.9% |
| Distributable reserves | 133 | €113,133 | €93,957 | -€19,176 | -16.9% |
| Profit (loss) carried forward | 14 | €148,088 | €150,565 | +€2,477 | +1.7% |
| Amounts payable | 17/49 | €13,651 | €16,183 | +€2,532 | +18.5% |
| Amounts payable within one year | 42/48 | €13,651 | €16,183 | +€2,532 | +18.5% |
| Trade debts | 44 | €3,209 | €2,409 | -€799 | -24.9% |
| Suppliers | 440/4 | €3,209 | €2,409 | -€799 | -24.9% |
| Taxes, remuneration and social security | 45 | €10,070 | €10,998 | +€928 | +9.2% |
| Taxes | 450/3 | €8,570 | €10,998 | +€2,428 | +28.3% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100% |
| Other amounts payable | 47/48 | €373 | €2,776 | +€2,403 | +644% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,771 | €12,580 | +€8,809 | +234% |
| Other operating charges | 640/8 | €513 | €400 | -€114 | -22.1% |
| Gross operating margin | 9900 | €102,850 | €125,068 | +€22,218 | +21.6% |
| Operating profit (loss) | 9901 | €98,567 | €112,089 | +€13,522 | +13.7% |
| Financial income | 75/76B | €17,440 | €4,258 | -€13,182 | -75.6% |
| Recurring financial income | 75 | €17,440 | €4,258 | -€13,182 | -75.6% |
| Financial charges | 65/66B | €108 | €80 | -€28 | -26.0% |
| Recurring financial charges | 65 | €108 | €80 | -€28 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €115,898 | €116,267 | +€369 | +0.3% |
| Income taxes | 67/77 | €25,531 | €25,790 | +€259 | +1.0% |
| Profit (loss) for the period | 9904 | €90,368 | €90,477 | +€110 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €90,368 | €90,477 | +€110 | +0.1% |
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.