MANRA: what changed
Two fiscal 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.
MANRA
Largest movements
- Cash -€116,154
down €116,154 (-90.2%), from €128,834 to €12,680
mainly Current investments (-€110,685) and Net result for the year (-€5,743)
- Current investments +€110,685
up €110,685 (+29.1%), from €380,453 to €491,137
- Reserves -€5,743
down €5,743 (-1.1%), from €506,085 to €500,342
- Gross operating margin -€9,167
down €9,167, from €27 to -€9,140
- Financial income -€5,362
down €5,362 (-38.5%), from €13,930 to €8,569
- Taxes -€742
down €742 (-51.1%), from €1,450 to €708
- Depreciation +€277
up €277 (+10.7%), from €2,596 to €2,874
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 | €515,727 | €510,705 | -€5,022 | -1.0% |
| Fixed assets | 21/28 | €1,822 | €2,296 | +€474 | +26.0% |
| Tangible fixed assets | 22/27 | €1,822 | €2,296 | +€474 | +26.0% |
| Furniture and vehicles | 24 | €299 | €2,296 | +€1,997 | +666.8% |
| Other tangible fixed assets | 26 | €1,523 | €0 | -€1,523 | -100.0% |
| Current assets | 29/58 | €513,905 | €508,409 | -€5,496 | -1.1% |
| Amounts receivable within one year | 40/41 | €4,618 | €4,591 | -€27 | -0.6% |
| Other amounts receivable | 41 | €4,618 | €4,591 | -€27 | -0.6% |
| Current investments | 50/53 | €380,453 | €491,137 | +€110,685 | +29.1% |
| Cash at bank and in hand | 54/58 | €128,834 | €12,680 | -€116,154 | -90.2% |
| Total equity and liabilities | 10/49 | €515,727 | €510,705 | -€5,022 | -1.0% |
| Equity | 10/15 | €512,285 | €506,542 | -€5,743 | -1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €506,085 | €500,342 | -€5,743 | -1.1% |
| Distributable reserves | 133 | €506,085 | €500,342 | -€5,743 | -1.1% |
| Amounts payable | 17/49 | €3,442 | €4,163 | +€721 | +21.0% |
| Amounts payable within one year | 42/48 | €3,442 | €4,163 | +€721 | +21.0% |
| Trade debts | 44 | €161 | €1,859 | +€1,698 | +1057.2% |
| Suppliers | 440/4 | €161 | €1,859 | +€1,698 | +1057.2% |
| Taxes, remuneration and social security | 45 | €757 | €307 | -€450 | -59.4% |
| Taxes | 450/3 | €757 | €307 | -€450 | -59.4% |
| Other amounts payable | 47/48 | €2,524 | €1,997 | -€527 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,596 | €2,874 | +€277 | +10.7% |
| Other operating charges | 640/8 | €1,316 | €1,343 | +€27 | +2.0% |
| Gross operating margin | 9900 | €27 | -€9,140 | -€9,167 | |
| Operating profit (loss) | 9901 | -€3,885 | -€13,357 | -€9,471 | -243.8% |
| Financial income | 75/76B | €13,930 | €8,569 | -€5,362 | -38.5% |
| Recurring financial income | 75 | €13,930 | €8,569 | -€5,362 | -38.5% |
| Financial charges | 65/66B | €232 | €247 | +€14 | +6.2% |
| Recurring financial charges | 65 | €232 | €247 | +€14 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €9,813 | -€5,035 | -€14,847 | |
| Income taxes | 67/77 | €1,450 | €708 | -€742 | -51.1% |
| Profit (loss) for the period | 9904 | €8,363 | -€5,743 | -€14,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,363 | -€5,743 | -€14,106 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.