MANUS: 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.
MANUS
Largest movements
- Current investments +€72,011
up €72,011 (+27.1%), from €266,095 to €338,106
- Cash +€71,124
up €71,124 (+27.9%), from €254,713 to €325,837
mainly Other debts (+€475,074) and Net result for the year (+€220,473)
- Tangible fixed assets -€15,918
down €15,918 (-31.0%), from €51,366 to €35,448
- Other debts +€475,074
up €475,074 (+69,551%), from €683 to €475,757
- Reserves -€339,105
down €339,105 (-60.4%), from €561,438 to €222,333
of which Distributable reserves: -€339,105
- Debts after one year -€10,055
down €10,055 (-41.1%), from €24,466 to €14,411
- Gross operating margin +€15,387
up €15,387 (+5.3%), from €288,618 to €304,005
- Other operating charges -€14,654
down €14,654 (-90.6%), from €16,178 to €1,524
- Taxes +€7,791
up €7,791 (+12.6%), from €61,820 to €69,611
- Financial income +€6,657
up €6,657 (+209%), from €3,186 to €9,842
- Staff costs +€5,785
new in 2025: €5,785
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 | €641,461 | €771,622 | +€130,161 | +20.3% |
| Fixed assets | 21/28 | €86,766 | €70,848 | -€15,918 | -18.3% |
| Tangible fixed assets | 22/27 | €51,366 | €35,448 | -€15,918 | -31.0% |
| Furniture and vehicles | 24 | €51,366 | €35,448 | -€15,918 | -31.0% |
| Financial fixed assets | 28 | €35,400 | €35,400 | = | 0.0% |
| Current assets | 29/58 | €554,695 | €700,775 | +€146,079 | +26.3% |
| Amounts receivable within one year | 40/41 | €33,887 | €36,832 | +€2,945 | +8.7% |
| Trade receivables | 40 | €33,887 | €36,832 | +€2,945 | +8.7% |
| Current investments | 50/53 | €266,095 | €338,106 | +€72,011 | +27.1% |
| Cash at bank and in hand | 54/58 | €254,713 | €325,837 | +€71,124 | +27.9% |
| Total equity and liabilities | 10/49 | €641,461 | €771,622 | +€130,161 | +20.3% |
| Equity | 10/15 | €580,038 | €240,933 | -€339,105 | -58.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €561,438 | €222,333 | -€339,105 | -60.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €559,578 | €220,473 | -€339,105 | -60.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,424 | €530,690 | +€469,266 | +764% |
| Amounts payable after more than one year | 17 | €24,466 | €14,411 | -€10,055 | -41.1% |
| Financial debts | 170/4 | €24,466 | €14,411 | -€10,055 | -41.1% |
| Amounts payable within one year | 42/48 | €36,958 | €516,278 | +€479,320 | +1,297% |
| Current portion of amounts payable after more than one year | 42 | €9,958 | €10,055 | +€97 | +1.0% |
| Trade debts | 44 | €3,568 | €3,175 | -€392 | -11.0% |
| Suppliers | 440/4 | €3,568 | €3,175 | -€392 | -11.0% |
| Taxes, remuneration and social security | 45 | €22,749 | €27,291 | +€4,542 | +20.0% |
| Taxes | 450/3 | €18,266 | €27,291 | +€9,026 | +49.4% |
| Remuneration and social security | 454/9 | €4,484 | €0 | -€4,484 | -100% |
| Other amounts payable | 47/48 | €683 | €475,757 | +€475,074 | +69,551% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €5,785 | +€5,785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,077 | €15,918 | -€158 | -1.0% |
| Other operating charges | 640/8 | €16,178 | €1,524 | -€14,654 | -90.6% |
| Gross operating margin | 9900 | €288,618 | €304,005 | +€15,387 | +5.3% |
| Operating profit (loss) | 9901 | €256,363 | €280,777 | +€24,415 | +9.5% |
| Financial income | 75/76B | €3,186 | €9,842 | +€6,657 | +209% |
| Recurring financial income | 75 | €3,186 | €9,842 | +€6,657 | +209% |
| Financial charges | 65/66B | €898 | €536 | -€362 | -40.3% |
| Recurring financial charges | 65 | €898 | €536 | -€362 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €258,651 | €290,084 | +€31,433 | +12.2% |
| Income taxes | 67/77 | €61,820 | €69,611 | +€7,791 | +12.6% |
| Profit (loss) for the period | 9904 | €196,831 | €220,473 | +€23,642 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €196,831 | €220,473 | +€23,642 | +12.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.