MANRIKO: 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.
MANRIKO
Largest movements
- Receivables within one year -€1,846
down €1,846 (-9.6%), from €19,227 to €17,381
of which Trade receivables: -€1,322
- Tangible fixed assets -€1,835
down €1,835 (-100.0%), from €1,835 to €0
- Reserves +€6,283
up €6,283 (+13.8%), from €45,523 to €51,806
of which Distributable reserves: +€6,283
- Other debts -€5,220
down €5,220 (-24.2%), from €21,600 to €16,380
- Short-term financial debts -€3,635
down €3,635 (-25.2%), from €14,431 to €10,796
- Tax, wage and social debts -€1,598
down €1,598 (-19.5%), from €8,212 to €6,614
of which Taxes: -€1,598
- Trade debts +€1,196
up €1,196 (+2154.0%), from €56 to €1,252
- Gross operating margin +€4,474
up €4,474 (+75.7%), from €5,912 to €10,386
- Depreciation -€1,765
down €1,765 (-49.0%), from €3,600 to €1,835
- Taxes +€1,398
up €1,398 (+63.9%), from €2,186 to €3,584
- Other operating charges +€429
up €429 (+66.6%), from €643 to €1,072
- Financial charges -€339
down €339 (-15.3%), from €2,208 to €1,869
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 | €111,171 | €108,197 | -€2,974 | -2.7% |
| Fixed assets | 21/28 | €1,835 | €0 | -€1,835 | -100.0% |
| Tangible fixed assets | 22/27 | €1,835 | €0 | -€1,835 | -100.0% |
| Plant, machinery and equipment | 23 | €1,835 | €0 | -€1,835 | -100.0% |
| Current assets | 29/58 | €109,337 | €108,197 | -€1,140 | -1.0% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,227 | €17,381 | -€1,846 | -9.6% |
| Trade receivables | 40 | €12,527 | €11,205 | -€1,322 | -10.6% |
| Other amounts receivable | 41 | €6,700 | €6,176 | -€524 | -7.8% |
| Cash at bank and in hand | 54/58 | €69 | €69 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €40 | €747 | +€707 | +1774.1% |
| Total equity and liabilities | 10/49 | €111,171 | €108,197 | -€2,974 | -2.7% |
| Equity | 10/15 | €66,872 | €73,155 | +€6,283 | +9.4% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €45,523 | €51,806 | +€6,283 | +13.8% |
| Non-distributable reserves | 130/1 | €1,890 | €1,890 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,890 | €1,890 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €43,633 | €49,916 | +€6,283 | +14.4% |
| Profit (loss) carried forward | 14 | €15,049 | €15,049 | = | 0.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €44,299 | €35,042 | -€9,257 | -20.9% |
| Amounts payable within one year | 42/48 | €44,299 | €35,042 | -€9,257 | -20.9% |
| Financial debts | 43 | €14,431 | €10,796 | -€3,635 | -25.2% |
| Credit institutions | 430/8 | €14,431 | €10,796 | -€3,635 | -25.2% |
| Trade debts | 44 | €56 | €1,252 | +€1,196 | +2154.0% |
| Suppliers | 440/4 | €56 | €1,252 | +€1,196 | +2154.0% |
| Taxes, remuneration and social security | 45 | €8,212 | €6,614 | -€1,598 | -19.5% |
| Taxes | 450/3 | €8,212 | €6,614 | -€1,598 | -19.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €21,600 | €16,380 | -€5,220 | -24.2% |
| Non-recurring operating income | 76A | - | €827 | +€827 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,600 | €1,835 | -€1,765 | -49.0% |
| Other operating charges | 640/8 | €643 | €1,072 | +€429 | +66.6% |
| Gross operating margin | 9900 | €5,912 | €10,386 | +€4,474 | +75.7% |
| Operating profit (loss) | 9901 | €1,669 | €7,479 | +€5,810 | +348.2% |
| Financial income | 75/76B | €4,224 | €4,257 | +€32 | +0.8% |
| Recurring financial income | 75 | €4,224 | €4,257 | +€32 | +0.8% |
| Financial charges | 65/66B | €2,208 | €1,869 | -€339 | -15.3% |
| Recurring financial charges | 65 | €2,208 | €1,869 | -€339 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €3,685 | €9,867 | +€6,182 | +167.7% |
| Transfer from deferred taxes | 780 | €350 | €0 | -€350 | -100.0% |
| Income taxes | 67/77 | €2,186 | €3,584 | +€1,398 | +63.9% |
| Profit (loss) for the period | 9904 | €1,849 | €6,283 | +€4,434 | +239.8% |
| Transfer from tax-exempt reserves | 789 | €1,050 | €0 | -€1,050 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,899 | €6,283 | +€3,384 | +116.7% |
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.