Manotap: 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.
Manotap
Largest movements
- Cash +€37,905
up €37,905 (+210%), from €18,026 to €55,931
mainly Net result for the year (+€63,000) and Investment in fixed assets (net) (+€15,906)
- Deferred charges and accrued income +€33,219
up €33,219 (+82.7%), from €40,170 to €73,389
- Receivables within one year +€18,150
new in 2025: €18,150
- Tangible fixed assets -€17,351
no longer reported in 2025 (was €17,351)
- Profit (loss) carried forward +€62,167
new in 2025: €62,167
- Tax, wage and social debts +€4,787
up €4,787 (+15.4%), from €31,161 to €35,949
of which Taxes: +€4,787
- Other debts +€4,731
up €4,731 (+1,119%), from €423 to €5,154
- Turnover +€195,000
new in 2025: €195,000
- Purchases and services +€189,814
new in 2025: €189,814
- Gross operating margin +€23,248
up €23,248 (+36.6%), from €63,602 to €86,850
- Depreciation -€2,665
down €2,665 (-64.8%), from €4,110 to €1,445
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 | €75,546 | €147,469 | +€71,923 | +95.2% |
| Fixed assets | 21/28 | €17,351 | - | -€17,351 | |
| Tangible fixed assets | 22/27 | €17,351 | - | -€17,351 | |
| Furniture and vehicles | 24 | €17,351 | - | -€17,351 | |
| Current assets | 29/58 | €58,196 | €147,469 | +€89,274 | +153% |
| Amounts receivable within one year | 40/41 | - | €18,150 | +€18,150 | |
| Trade receivables | 40 | - | €18,150 | +€18,150 | |
| Cash at bank and in hand | 54/58 | €18,026 | €55,931 | +€37,905 | +210% |
| Deferred charges and accrued income | 490/1 | €40,170 | €73,389 | +€33,219 | +82.7% |
| Total equity and liabilities | 10/49 | €75,546 | €147,469 | +€71,923 | +95.2% |
| Equity | 10/15 | €43,953 | €106,119 | +€62,167 | +141% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,953 | €38,953 | = | 0.0% |
| Distributable reserves | 133 | €38,953 | €38,953 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €62,167 | +€62,167 | |
| Amounts payable | 17/49 | €31,594 | €41,350 | +€9,756 | +30.9% |
| Amounts payable within one year | 42/48 | €31,584 | €41,325 | +€9,740 | +30.8% |
| Trade debts | 44 | - | €222 | +€222 | |
| Suppliers | 440/4 | - | €222 | +€222 | |
| Taxes, remuneration and social security | 45 | €31,161 | €35,949 | +€4,787 | +15.4% |
| Taxes | 450/3 | €26,661 | €31,449 | +€4,787 | +18.0% |
| Remuneration and social security | 454/9 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 47/48 | €423 | €5,154 | +€4,731 | +1,119% |
| Accrued charges and deferred income | 492/3 | €10 | €25 | +€16 | +159% |
| Turnover | 70 | - | €195,000 | +€195,000 | |
| Non-recurring operating income | 76A | - | €6,144 | +€6,144 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €189,814 | +€189,814 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,110 | €1,445 | -€2,665 | -64.8% |
| Other operating charges | 640/8 | €1,270 | €1,952 | +€682 | +53.7% |
| Gross operating margin | 9900 | €63,602 | €86,850 | +€23,248 | +36.6% |
| Operating profit (loss) | 9901 | €58,222 | €83,453 | +€25,231 | +43.3% |
| Financial income | 75/76B | €101 | €272 | +€171 | +170% |
| Recurring financial income | 75 | €101 | €272 | +€171 | +170% |
| Financial charges | 65/66B | €1,379 | €2,477 | +€1,099 | +79.7% |
| Recurring financial charges | 65 | €1,379 | €2,477 | +€1,099 | +79.7% |
| Profit (loss) for the period before taxes | 9903 | €56,944 | €81,247 | +€24,304 | +42.7% |
| Income taxes | 67/77 | €17,991 | €18,248 | +€256 | +1.4% |
| Profit (loss) for the period | 9904 | €38,953 | €63,000 | +€24,047 | +61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,953 | €63,000 | +€24,047 | +61.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.