Manova plus: 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.
Manova plus
Largest movements
- Cash -€51,264
down €51,264 (-51.2%), from €100,210 to €48,946
mainly Other debts (-€94,002) and Receivables within one year (-€34,472)
- Receivables within one year +€34,472
up €34,472 (+231.1%), from €14,913 to €49,385
of which Trade receivables: +€26,832
- Other debts -€94,002
down €94,002 (-96.1%), from €97,798 to €3,796
- Profit (loss) carried forward +€65,930
up €65,930 (+660.5%), from €9,983 to €75,913
- Tax, wage and social debts +€10,388
up €10,388 (+180.3%), from €5,762 to €16,150
of which Taxes: +€10,388
- Gross operating margin -€45,451
down €45,451 (-34.7%), from €131,157 to €85,706
- Taxes -€9,100
down €9,100 (-34.4%), from €26,460 to €17,360
- Depreciation -€5,907
down €5,907 (-86.8%), from €6,803 to €896
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 | €117,599 | €99,915 | -€17,684 | -15.0% |
| Fixed assets | 21/28 | €2,043 | €1,147 | -€896 | -43.9% |
| Tangible fixed assets | 22/27 | €2,043 | €1,147 | -€896 | -43.9% |
| Plant, machinery and equipment | 23 | €1,807 | €1,147 | -€660 | -36.5% |
| Furniture and vehicles | 24 | €236 | €0 | -€236 | -100.0% |
| Current assets | 29/58 | €115,556 | €98,768 | -€16,788 | -14.5% |
| Amounts receivable within one year | 40/41 | €14,913 | €49,385 | +€34,472 | +231.1% |
| Trade receivables | 40 | €14,913 | €41,745 | +€26,832 | +179.9% |
| Other amounts receivable | 41 | - | €7,640 | +€7,640 | |
| Cash at bank and in hand | 54/58 | €100,210 | €48,946 | -€51,264 | -51.2% |
| Deferred charges and accrued income | 490/1 | €433 | €437 | +€4 | +1.0% |
| Total equity and liabilities | 10/49 | €117,599 | €99,915 | -€17,684 | -15.0% |
| Equity | 10/15 | €13,983 | €79,913 | +€65,930 | +471.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,983 | €75,913 | +€65,930 | +660.5% |
| Amounts payable | 17/49 | €103,617 | €20,002 | -€83,615 | -80.7% |
| Amounts payable within one year | 42/48 | €103,617 | €20,002 | -€83,615 | -80.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €57 | €57 | = | 0.0% |
| Suppliers | 440/4 | €57 | €57 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,762 | €16,150 | +€10,388 | +180.3% |
| Taxes | 450/3 | €5,762 | €16,150 | +€10,388 | +180.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €97,798 | €3,796 | -€94,002 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,803 | €896 | -€5,907 | -86.8% |
| Other operating charges | 640/8 | €1,213 | €914 | -€299 | -24.7% |
| Gross operating margin | 9900 | €131,157 | €85,706 | -€45,451 | -34.7% |
| Operating profit (loss) | 9901 | €123,141 | €83,896 | -€39,245 | -31.9% |
| Financial charges | 65/66B | €50 | €45 | -€4 | -8.3% |
| Recurring financial charges | 65 | €50 | €45 | -€4 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €123,091 | €83,850 | -€39,241 | -31.9% |
| Income taxes | 67/77 | €26,460 | €17,360 | -€9,100 | -34.4% |
| Profit (loss) for the period | 9904 | €96,631 | €66,490 | -€30,140 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €96,631 | €66,490 | -€30,140 | -31.2% |
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 12 October 2026 via checked.be.