MANU ROSADO: what changed
MANU ROSADO
Largest movements
- Cash -€6,122
down €6,122 (-57.1%), from €10,718 to €4,597
mainly Other debts (-€8,130) and Trade debts (-€1,450)
- Receivables within one year +€1,251
up €1,251 (+9.7%), from €12,907 to €14,158
of which Other amounts receivable: +€1,445
- Other debts -€8,130
down €8,130 (-35.0%), from €23,215 to €15,085
- Profit (loss) carried forward +€4,458
up €4,458 (+46.7%), from -€9,552 to -€5,094
- Trade debts -€1,450
no longer reported in 2025 (was €1,450)
- Gross operating margin +€1,516
up €1,516 (+23.2%), from €6,523 to €8,039
- Depreciation -€1,240
no longer reported in 2025 (was €1,240)
- Taxes +€227
up €227 (+11.3%), from €2,006 to €2,234
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,376 | €20,408 | -€4,969 | -19.6% |
| Current assets | 29/58 | €25,376 | €20,408 | -€4,969 | -19.6% |
| Amounts receivable within one year | 40/41 | €12,907 | €14,158 | +€1,251 | +9.7% |
| Trade receivables | 40 | €8,176 | €7,982 | -€194 | -2.4% |
| Other amounts receivable | 41 | €4,731 | €6,176 | +€1,445 | +30.5% |
| Cash at bank and in hand | 54/58 | €10,718 | €4,597 | -€6,122 | -57.1% |
| Deferred charges and accrued income | 490/1 | €1,752 | €1,653 | -€98 | -5.6% |
| Total equity and liabilities | 10/49 | €25,376 | €20,408 | -€4,969 | -19.6% |
| Equity | 10/15 | -€1,495 | €2,963 | +€4,458 | |
| Contributions | 10/11 | €8,057 | €8,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,552 | -€5,094 | +€4,458 | +46.7% |
| Amounts payable | 17/49 | €26,872 | €17,445 | -€9,427 | -35.1% |
| Amounts payable within one year | 42/48 | €26,872 | €17,445 | -€9,427 | -35.1% |
| Trade debts | 44 | €1,450 | - | -€1,450 | |
| Suppliers | 440/4 | €1,450 | - | -€1,450 | |
| Taxes, remuneration and social security | 45 | €2,207 | €2,360 | +€153 | +6.9% |
| Taxes | 450/3 | €2,207 | €2,360 | +€153 | +6.9% |
| Other amounts payable | 47/48 | €23,215 | €15,085 | -€8,130 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | - | -€1,240 | |
| Other operating charges | 640/8 | €1,214 | €1,168 | -€46 | -3.8% |
| Non-recurring operating charges | 66A | €58 | €63 | +€5 | +9.3% |
| Gross operating margin | 9900 | €6,523 | €8,039 | +€1,516 | +23.2% |
| Operating profit (loss) | 9901 | €4,011 | €6,808 | +€2,797 | +69.7% |
| Financial income | 75/76B | €73 | €42 | -€31 | -42.3% |
| Recurring financial income | 75 | €73 | €42 | -€31 | -42.3% |
| Financial charges | 65/66B | €128 | €158 | +€30 | +23.6% |
| Recurring financial charges | 65 | €128 | €158 | +€30 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €3,956 | €6,692 | +€2,736 | +69.2% |
| Income taxes | 67/77 | €2,006 | €2,234 | +€227 | +11.3% |
| Profit (loss) for the period | 9904 | €1,950 | €4,458 | +€2,508 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €1,950 | €4,458 | +€2,508 | +129% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.