MANSAJO: 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.
MANSAJO
Largest movements
- Receivables after one year +€86,222
up €86,222 (+14.7%), from €584,639 to €670,861
- Cash -€23,965
down €23,965 (-69.7%), from €34,393 to €10,428
mainly Receivables after one year (-€86,222) and Debts after one year (-€18,542)
- Current investments -€22,594
down €22,594 (-80.0%), from €28,243 to €5,649
- Receivables within one year -€17,572
down €17,572 (-36.9%), from €47,559 to €29,986
of which Trade receivables: -€17,554
- Tangible fixed assets -€15,589
down €15,589 (-11.5%), from €135,446 to €119,856
of which Land and buildings: -€11,596
- Reserves +€21,625
up €21,625 (+3.6%), from €600,914 to €622,539
of which Distributable reserves: +€21,625
- Debts after one year -€18,542
down €18,542 (-100%), from €18,542 to €0
- Gross operating margin -€19,749
down €19,749 (-40.2%), from €49,186 to €29,437
- Taxes +€4,384
up €4,384 (+41.6%), from €10,529 to €14,913
- Financial income +€1,701
up €1,701 (+5.6%), from €30,160 to €31,861
of which Financial income: +€3,212
- Depreciation -€1,466
down €1,466 (-7.0%), from €21,057 to €19,591
- Financial charges -€607
down €607 (-26.3%), from €2,310 to €1,702
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 | €841,438 | €849,818 | +€8,380 | +1.0% |
| Fixed assets | 21/28 | €143,752 | €132,635 | -€11,117 | -7.7% |
| Intangible fixed assets | 21 | €8,307 | €12,779 | +€4,472 | +53.8% |
| Tangible fixed assets | 22/27 | €135,446 | €119,856 | -€15,589 | -11.5% |
| Land and buildings | 22 | €127,539 | €115,943 | -€11,596 | -9.1% |
| Furniture and vehicles | 24 | €7,907 | €3,913 | -€3,994 | -50.5% |
| Current assets | 29/58 | €697,686 | €717,183 | +€19,498 | +2.8% |
| Amounts receivable after more than one year | 29 | €584,639 | €670,861 | +€86,222 | +14.7% |
| Other amounts receivable | 291 | €584,639 | €670,861 | +€86,222 | +14.7% |
| Amounts receivable within one year | 40/41 | €47,559 | €29,986 | -€17,572 | -36.9% |
| Trade receivables | 40 | €22,540 | €4,986 | -€17,554 | -77.9% |
| Other amounts receivable | 41 | €25,018 | €25,000 | -€18 | -0.1% |
| Current investments | 50/53 | €28,243 | €5,649 | -€22,594 | -80.0% |
| Cash at bank and in hand | 54/58 | €34,393 | €10,428 | -€23,965 | -69.7% |
| Deferred charges and accrued income | 490/1 | €2,852 | €259 | -€2,593 | -90.9% |
| Total equity and liabilities | 10/49 | €841,438 | €849,818 | +€8,380 | +1.0% |
| Equity | 10/15 | €703,272 | €724,896 | +€21,625 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €600,914 | €622,539 | +€21,625 | +3.6% |
| Non-distributable reserves | 130/1 | €7,322 | €7,322 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,322 | €7,322 | = | 0.0% |
| Distributable reserves | 133 | €593,592 | €615,216 | +€21,625 | +3.6% |
| Profit (loss) carried forward | 14 | €83,758 | €83,758 | = | 0.0% |
| Amounts payable | 17/49 | €138,166 | €124,922 | -€13,244 | -9.6% |
| Amounts payable after more than one year | 17 | €18,542 | €0 | -€18,542 | -100% |
| Financial debts | 170/4 | €18,542 | €0 | -€18,542 | -100% |
| Amounts payable within one year | 42/48 | €86,637 | €96,970 | +€10,333 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €21,387 | €18,542 | -€2,845 | -13.3% |
| Trade debts | 44 | €976 | €7,290 | +€6,313 | +647% |
| Suppliers | 440/4 | €976 | €7,290 | +€6,313 | +647% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,772 | €17,102 | +€6,329 | +58.8% |
| Taxes | 450/3 | €10,772 | €17,102 | +€6,329 | +58.8% |
| Other amounts payable | 47/48 | €53,501 | €54,037 | +€536 | +1.0% |
| Accrued charges and deferred income | 492/3 | €32,987 | €27,952 | -€5,035 | -15.3% |
| Non-recurring operating income | 76A | - | €294 | +€294 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,057 | €19,591 | -€1,466 | -7.0% |
| Other operating charges | 640/8 | €3,633 | €3,468 | -€166 | -4.6% |
| Gross operating margin | 9900 | €49,186 | €29,437 | -€19,749 | -40.2% |
| Operating profit (loss) | 9901 | €24,496 | €6,378 | -€18,117 | -74.0% |
| Financial income | 75/76B | €30,160 | €31,861 | +€1,701 | +5.6% |
| Recurring financial income | 75 | €28,650 | €31,861 | +€3,212 | +11.2% |
| Non-recurring financial income | 76B | €1,511 | €0 | -€1,511 | -100% |
| Financial charges | 65/66B | €2,310 | €1,702 | -€607 | -26.3% |
| Recurring financial charges | 65 | €2,310 | €1,702 | -€607 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €52,346 | €36,537 | -€15,809 | -30.2% |
| Income taxes | 67/77 | €10,529 | €14,913 | +€4,384 | +41.6% |
| Profit (loss) for the period | 9904 | €41,817 | €21,625 | -€20,193 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,817 | €21,625 | -€20,193 | -48.3% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.