MANOXI: 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.
MANOXI
Largest movements
- Cash +€40,620
up €40,620 (+251%), from €16,182 to €56,802
mainly Net result for the year (+€28,178) and Trade debts (+€7,158)
- Receivables within one year -€2,436
down €2,436 (-17.3%), from €14,062 to €11,626
of which Other amounts receivable: -€2,867
- Deferred charges and accrued income +€1,186
new in 2025: €1,186
- Tangible fixed assets -€1,042
down €1,042 (-10.0%), from €10,437 to €9,395
- Reserves +€28,178
up €28,178 (+246%), from €11,445 to €39,623
- Trade debts +€7,158
up €7,158 (+69.8%), from €10,254 to €17,412
- Accrued charges and deferred income +€1,318
new in 2025: €1,318
- Staff costs -€17,022
down €17,022 (-29.6%), from €57,510 to €40,488
- Taxes +€4,491
up €4,491 (+147%), from €3,060 to €7,551
- Depreciation -€4,147
down €4,147 (-49.4%), from €8,395 to €4,248
- Gross operating margin -€1,794
down €1,794 (-2.1%), from €87,413 to €85,619
- Other operating charges -€1,114
down €1,114 (-45.1%), from €2,470 to €1,356
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 | €44,056 | €81,634 | +€37,578 | +85.3% |
| Fixed assets | 21/28 | €13,812 | €12,020 | -€1,792 | -13.0% |
| Intangible fixed assets | 21 | €3,375 | €2,625 | -€750 | -22.2% |
| Tangible fixed assets | 22/27 | €10,437 | €9,395 | -€1,042 | -10.0% |
| Plant, machinery and equipment | 23 | €10,437 | €9,395 | -€1,042 | -10.0% |
| Current assets | 29/58 | €30,244 | €69,614 | +€39,370 | +130% |
| Amounts receivable within one year | 40/41 | €14,062 | €11,626 | -€2,436 | -17.3% |
| Trade receivables | 40 | €11,121 | €11,552 | +€431 | +3.9% |
| Other amounts receivable | 41 | €2,941 | €74 | -€2,867 | -97.5% |
| Cash at bank and in hand | 54/58 | €16,182 | €56,802 | +€40,620 | +251% |
| Deferred charges and accrued income | 490/1 | - | €1,186 | +€1,186 | |
| Total equity and liabilities | 10/49 | €44,056 | €81,634 | +€37,578 | +85.3% |
| Equity | 10/15 | €14,445 | €42,623 | +€28,178 | +195% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,445 | €39,623 | +€28,178 | +246% |
| Distributable reserves | 133 | €11,445 | €39,623 | +€28,178 | +246% |
| Amounts payable | 17/49 | €29,611 | €39,011 | +€9,400 | +31.7% |
| Amounts payable within one year | 42/48 | €29,611 | €37,693 | +€8,082 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €2,045 | €2,031 | -€14 | -0.7% |
| Trade debts | 44 | €10,254 | €17,412 | +€7,158 | +69.8% |
| Suppliers | 440/4 | €10,254 | €17,412 | +€7,158 | +69.8% |
| Taxes, remuneration and social security | 45 | €4,918 | €5,616 | +€698 | +14.2% |
| Taxes | 450/3 | €3,221 | €3,884 | +€663 | +20.6% |
| Remuneration and social security | 454/9 | €1,697 | €1,732 | +€35 | +2.1% |
| Other amounts payable | 47/48 | €12,394 | €12,634 | +€240 | +1.9% |
| Accrued charges and deferred income | 492/3 | - | €1,318 | +€1,318 | |
| Remuneration, social security and pensions | 62 | €57,510 | €40,488 | -€17,022 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,395 | €4,248 | -€4,147 | -49.4% |
| Other operating charges | 640/8 | €2,470 | €1,356 | -€1,114 | -45.1% |
| Gross operating margin | 9900 | €87,413 | €85,619 | -€1,794 | -2.1% |
| Operating profit (loss) | 9901 | €19,038 | €39,527 | +€20,489 | +108% |
| Financial income | 75/76B | €326 | €230 | -€96 | -29.4% |
| Recurring financial income | 75 | €326 | €230 | -€96 | -29.4% |
| Financial charges | 65/66B | €4,859 | €4,028 | -€831 | -17.1% |
| Recurring financial charges | 65 | €4,859 | €4,028 | -€831 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €14,505 | €35,729 | +€21,224 | +146% |
| Income taxes | 67/77 | €3,060 | €7,551 | +€4,491 | +147% |
| Profit (loss) for the period | 9904 | €11,445 | €28,178 | +€16,733 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €11,445 | €28,178 | +€16,733 | +146% |
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 13 October 2026 via checked.be.