MANYAC: 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.
MANYAC
Largest movements
- Receivables within one year -€110,687
down €110,687 (-31.2%), from €354,630 to €243,943
of which Trade receivables: -€121,303
- Trade debts -€140,823
down €140,823 (-41.9%), from €336,247 to €195,424
- Profit (loss) carried forward +€16,967
up €16,967 (+88.6%), from €19,143 to €36,110
- Tax, wage and social debts +€11,448
up €11,448 (+173.1%), from €6,613 to €18,061
- Gross operating margin -€3,994
down €3,994 (-14.9%), from €26,781 to €22,787
- Taxes -€964
down €964 (-14.6%), from €6,613 to €5,649
- Other operating charges -€654
down €654 (-61.1%), from €1,070 to €416
- Financial income +€599
up €599 (+292.2%), from €205 to €804
- Depreciation +€364
new in 2025: €364
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.
Cash bridge derived
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 | €363,503 | €251,195 | -€112,308 | -30.9% |
| Fixed assets | 21/28 | - | €826 | +€826 | |
| Tangible fixed assets | 22/27 | - | €826 | +€826 | |
| Plant, machinery and equipment | 23 | - | €826 | +€826 | |
| Current assets | 29/58 | €363,503 | €250,369 | -€113,134 | -31.1% |
| Amounts receivable within one year | 40/41 | €354,630 | €243,943 | -€110,687 | -31.2% |
| Trade receivables | 40 | €346,488 | €225,185 | -€121,303 | -35.0% |
| Other amounts receivable | 41 | €8,142 | €18,758 | +€10,616 | +130.4% |
| Cash at bank and in hand | 54/58 | €8,673 | €6,426 | -€2,247 | -25.9% |
| Deferred charges and accrued income | 490/1 | €200 | - | -€200 | |
| Total equity and liabilities | 10/49 | €363,503 | €251,195 | -€112,308 | -30.9% |
| Equity | 10/15 | €20,643 | €37,610 | +€16,967 | +82.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,143 | €36,110 | +€16,967 | +88.6% |
| Amounts payable | 17/49 | €342,860 | €213,585 | -€129,275 | -37.7% |
| Amounts payable within one year | 42/48 | €342,860 | €213,485 | -€129,375 | -37.7% |
| Trade debts | 44 | €336,247 | €195,424 | -€140,823 | -41.9% |
| Suppliers | 440/4 | €336,247 | €195,424 | -€140,823 | -41.9% |
| Taxes, remuneration and social security | 45 | €6,613 | €18,061 | +€11,448 | +173.1% |
| Taxes | 450/3 | €6,613 | €18,061 | +€11,448 | +173.1% |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €364 | +€364 | |
| Other operating charges | 640/8 | €1,070 | €416 | -€654 | -61.1% |
| Gross operating margin | 9900 | €26,781 | €22,787 | -€3,994 | -14.9% |
| Operating profit (loss) | 9901 | €25,711 | €22,007 | -€3,704 | -14.4% |
| Financial income | 75/76B | €205 | €804 | +€599 | +292.2% |
| Recurring financial income | 75 | €205 | €804 | +€599 | +292.2% |
| Financial charges | 65/66B | €160 | €195 | +€35 | +21.9% |
| Recurring financial charges | 65 | €160 | €195 | +€35 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €25,756 | €22,616 | -€3,140 | -12.2% |
| Income taxes | 67/77 | €6,613 | €5,649 | -€964 | -14.6% |
| Profit (loss) for the period | 9904 | €19,143 | €16,967 | -€2,176 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,143 | €16,967 | -€2,176 | -11.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.