MANURE-COLLI: 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.
MANURE-COLLI
Largest movements
- Current assets -€465,953
down €465,953 (-76.1%), from €611,989 to €146,036
of which Receivables within one year: -€397,502
- Tangible fixed assets +€210,177
up €210,177 (+22.6%), from €931,555 to €1.1m
of which Leasing and similar rights: +€477,872
- Intangible fixed assets +€178,320
up €178,320 (+189%), from €94,500 to €272,820
- Debts after one year -€199,019
down €199,019 (-33.8%), from €588,716 to €389,697
- Debts within one year +€151,385
up €151,385 (+21.3%), from €709,797 to €861,182
of which Short-term financial debts: +€250,000
- Provisions -€51,133
no longer reported in 2020 (was €51,133)
- Reserves +€19,783
up €19,783 (+6.9%), from €288,080 to €307,863
of which Distributable reserves: +€305,863
- Gross operating margin -€133,268
down €133,268 (-29.8%), from €447,892 to €314,624
- Staff costs +€102,999
new in 2020: €102,999
- Provisions -€51,133
new in 2020: -€51,133
- Depreciation -€39,761
down €39,761 (-17.6%), from €226,208 to €186,447
- Financial charges +€37,658
new in 2020: €37,658
From the 2019 result to the 2020 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,658,044 | €1,580,588 | -€77,456 | -4.7% |
| Fixed assets | 21/28 | €1,046,055 | €1,434,552 | +€388,497 | +37.1% |
| Intangible fixed assets | 21 | €94,500 | €272,820 | +€178,320 | +189% |
| Tangible fixed assets | 22/27 | €931,555 | €1,141,732 | +€210,177 | +22.6% |
| Land and buildings | 22 | - | €225,325 | +€225,325 | |
| Plant, machinery and equipment | 23 | - | €438,534 | +€438,534 | |
| Leasing and similar rights | 25 | - | €477,872 | +€477,872 | |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €611,989 | €146,036 | -€465,953 | -76.1% |
| Amounts receivable within one year | 40/41 | €509,856 | €112,353 | -€397,502 | -78.0% |
| Trade receivables | 40 | - | €108,770 | +€108,770 | |
| Other amounts receivable | 41 | - | €3,583 | +€3,583 | |
| Cash at bank and in hand | 54/58 | €94,716 | €11,605 | -€83,111 | -87.7% |
| Deferred charges and accrued income | 490/1 | - | €22,078 | +€22,078 | |
| Total equity and liabilities | 10/49 | €1,658,044 | €1,580,588 | -€77,456 | -4.7% |
| Equity | 10/15 | €308,080 | €327,863 | +€19,783 | +6.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €288,080 | €307,863 | +€19,783 | +6.9% |
| Non-distributable reserves | 130/1 | - | €2,000 | +€2,000 | |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Distributable reserves | 133 | - | €305,863 | +€305,863 | |
| Provisions and deferred taxes | 16 | €51,133 | - | -€51,133 | |
| Amounts payable | 17/49 | €1,298,831 | €1,252,725 | -€46,105 | -3.5% |
| Amounts payable after more than one year | 17 | €588,716 | €389,697 | -€199,019 | -33.8% |
| Financial debts | 170/4 | - | €389,697 | +€389,697 | |
| Amounts payable within one year | 42/48 | €709,797 | €861,182 | +€151,385 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | - | €192,075 | +€192,075 | |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €460,548 | €398,069 | -€62,479 | -13.6% |
| Suppliers | 440/4 | - | €398,069 | +€398,069 | |
| Taxes, remuneration and social security | 45 | - | €21,039 | +€21,039 | |
| Taxes | 450/3 | - | €12,252 | +€12,252 | |
| Remuneration and social security | 454/9 | - | €8,787 | +€8,787 | |
| Accrued charges and deferred income | 492/3 | - | €1,846 | +€1,846 | |
| Remuneration, social security and pensions | 62 | - | €102,999 | +€102,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,208 | €186,447 | -€39,761 | -17.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€51,133 | -€51,133 | |
| Other operating charges | 640/8 | - | €20,361 | +€20,361 | |
| Gross operating margin | 9900 | €447,892 | €314,624 | -€133,268 | -29.8% |
| Operating profit (loss) | 9901 | €198,651 | €55,950 | -€142,701 | -71.8% |
| Financial income | 75/76B | - | €3,768 | +€3,768 | |
| Recurring financial income | 75 | €283 | €3,768 | +€3,484 | +1,230% |
| Financial charges | 65/66B | - | €37,658 | +€37,658 | |
| Recurring financial charges | 65 | €27,818 | €37,658 | +€9,840 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €171,116 | €22,059 | -€149,057 | -87.1% |
| Income taxes | 67/77 | €38,114 | €2,276 | -€35,838 | -94.0% |
| Profit (loss) for the period | 9904 | €133,002 | €19,783 | -€113,219 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €133,002 | €19,783 | -€113,219 | -85.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.