Manso: 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.
Manso
Largest movements
- Tangible fixed assets +€44,206
up €44,206 (+796%), from €5,553 to €49,759
of which Furniture and vehicles: +€44,578
- Cash -€30,009
down €30,009 (-22.6%), from €132,775 to €102,766
mainly Investment in fixed assets (net) (-€53,541) and Tax, wage and social debts (-€47,550)
- Receivables within one year +€10,278
up €10,278 (+37.4%), from €27,449 to €37,726
of which Trade receivables: +€7,552
- Reserves +€79,013
up €79,013 (+39.6%), from €199,751 to €278,765
- Tax, wage and social debts -€47,550
down €47,550 (-55.6%), from €85,479 to €37,930
- Depreciation +€8,506
up €8,506 (+1,026%), from €829 to €9,335
- Gross operating margin +€8,312
up €8,312 (+8.6%), from €96,876 to €105,188
- Financial income +€4,546
up €4,546 (+283%), from €1,604 to €6,150
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 | €295,777 | €323,426 | +€27,650 | +9.3% |
| Fixed assets | 21/28 | €5,553 | €49,759 | +€44,206 | +796% |
| Tangible fixed assets | 22/27 | €5,553 | €49,759 | +€44,206 | +796% |
| Plant, machinery and equipment | 23 | €864 | €493 | -€372 | -43.0% |
| Furniture and vehicles | 24 | €4,689 | €49,267 | +€44,578 | +951% |
| Current assets | 29/58 | €290,224 | €273,667 | -€16,557 | -5.7% |
| Amounts receivable within one year | 40/41 | €27,449 | €37,726 | +€10,278 | +37.4% |
| Trade receivables | 40 | €2,449 | €10,000 | +€7,552 | +308% |
| Other amounts receivable | 41 | €25,000 | €27,726 | +€2,726 | +10.9% |
| Current investments | 50/53 | €130,000 | €130,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €132,775 | €102,766 | -€30,009 | -22.6% |
| Deferred charges and accrued income | 490/1 | - | €3,175 | +€3,175 | |
| Total equity and liabilities | 10/49 | €295,777 | €323,426 | +€27,650 | +9.3% |
| Equity | 10/15 | €205,751 | €284,765 | +€79,013 | +38.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €199,751 | €278,765 | +€79,013 | +39.6% |
| Distributable reserves | 133 | €199,751 | €278,765 | +€79,013 | +39.6% |
| Amounts payable | 17/49 | €90,025 | €38,662 | -€51,364 | -57.1% |
| Amounts payable within one year | 42/48 | €89,638 | €38,162 | -€51,476 | -57.4% |
| Trade debts | 44 | €2,387 | €232 | -€2,155 | -90.3% |
| Suppliers | 440/4 | €2,387 | €232 | -€2,155 | -90.3% |
| Taxes, remuneration and social security | 45 | €85,479 | €37,930 | -€47,550 | -55.6% |
| Taxes | 450/3 | €85,479 | €37,930 | -€47,550 | -55.6% |
| Other amounts payable | 47/48 | €1,772 | - | -€1,772 | |
| Accrued charges and deferred income | 492/3 | €387 | €500 | +€113 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829 | €9,335 | +€8,506 | +1,026% |
| Other operating charges | 640/8 | €505 | €583 | +€78 | +15.4% |
| Gross operating margin | 9900 | €96,876 | €105,188 | +€8,312 | +8.6% |
| Operating profit (loss) | 9901 | €95,542 | €95,270 | -€272 | -0.3% |
| Financial income | 75/76B | €1,604 | €6,150 | +€4,546 | +283% |
| Recurring financial income | 75 | €1,604 | €6,150 | +€4,546 | +283% |
| Financial charges | 65/66B | €89 | €211 | +€122 | +136% |
| Recurring financial charges | 65 | €89 | €211 | +€122 | +136% |
| Profit (loss) for the period before taxes | 9903 | €97,057 | €101,209 | +€4,152 | +4.3% |
| Income taxes | 67/77 | €21,393 | €22,196 | +€803 | +3.8% |
| Profit (loss) for the period | 9904 | €75,664 | €79,013 | +€3,349 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,664 | €79,013 | +€3,349 | +4.4% |
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 15 October 2026 via checked.be.