MANYAN: what changed
Two fiscal 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.
MANYAN
Largest movements
- Cash +€138,868
up €138,868 (+149.4%), from €92,956 to €231,824
mainly Net result for the year (+€430,379) and Tax, wage and social debts (+€125,575)
- Tangible fixed assets -€18,599
down €18,599 (-7.4%), from €252,968 to €234,369
of which Furniture and vehicles: -€29,340
- Stocks and contracts -€16,151
down €16,151 (-35.0%), from €46,106 to €29,955
- Tax, wage and social debts +€125,575
up €125,575 (+100.7%), from €124,691 to €250,266
of which Taxes: +€122,036
- Other debts -€30,333
no longer reported in 2025 (was €30,333)
- Profit (loss) carried forward +€22,555
up €22,555 (+9.3%), from €243,545 to €266,099
- Trade debts -€15,732
no longer reported in 2025 (was €15,732)
- Gross operating margin +€267,235
up €267,235 (+46.0%), from €581,509 to €848,745
- Taxes +€96,360
up €96,360 (+102.0%), from €94,517 to €190,877
- Depreciation -€29,319
down €29,319 (-44.7%), from €65,577 to €36,258
- Other operating charges +€19,173
up €19,173 (+723.9%), from €2,649 to €21,821
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 | €434,761 | €536,826 | +€102,064 | +23.5% |
| Fixed assets | 21/28 | €254,344 | €235,745 | -€18,599 | -7.3% |
| Tangible fixed assets | 22/27 | €252,968 | €234,369 | -€18,599 | -7.4% |
| Land and buildings | 22 | €31,904 | €34,727 | +€2,823 | +8.8% |
| Plant, machinery and equipment | 23 | €47,608 | €56,209 | +€8,601 | +18.1% |
| Furniture and vehicles | 24 | €161,409 | €132,068 | -€29,340 | -18.2% |
| Other tangible fixed assets | 26 | €12,047 | €11,365 | -€682 | -5.7% |
| Financial fixed assets | 28 | €1,376 | €1,376 | = | 0.0% |
| Current assets | 29/58 | €180,418 | €301,081 | +€120,663 | +66.9% |
| Stocks and contracts in progress | 3 | €46,106 | €29,955 | -€16,151 | -35.0% |
| Stocks | 30/36 | €46,106 | €29,955 | -€16,151 | -35.0% |
| Amounts receivable within one year | 40/41 | €39,732 | €34,440 | -€5,292 | -13.3% |
| Trade receivables | 40 | €39,732 | €31,657 | -€8,075 | -20.3% |
| Other amounts receivable | 41 | - | €2,783 | +€2,783 | |
| Cash at bank and in hand | 54/58 | €92,956 | €231,824 | +€138,868 | +149.4% |
| Deferred charges and accrued income | 490/1 | €1,623 | €4,863 | +€3,239 | +199.5% |
| Total equity and liabilities | 10/49 | €434,761 | €536,826 | +€102,064 | +23.5% |
| Equity | 10/15 | €264,005 | €286,559 | +€22,555 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €243,545 | €266,099 | +€22,555 | +9.3% |
| Amounts payable | 17/49 | €170,757 | €250,266 | +€79,510 | +46.6% |
| Amounts payable within one year | 42/48 | €170,757 | €250,266 | +€79,510 | +46.6% |
| Trade debts | 44 | €15,732 | - | -€15,732 | |
| Suppliers | 440/4 | €15,732 | - | -€15,732 | |
| Taxes, remuneration and social security | 45 | €124,691 | €250,266 | +€125,575 | +100.7% |
| Taxes | 450/3 | €111,465 | €233,500 | +€122,036 | +109.5% |
| Remuneration and social security | 454/9 | €13,226 | €16,766 | +€3,540 | +26.8% |
| Other amounts payable | 47/48 | €30,333 | - | -€30,333 | |
| Remuneration, social security and pensions | 62 | €166,595 | €169,902 | +€3,307 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,577 | €36,258 | -€29,319 | -44.7% |
| Other operating charges | 640/8 | €2,649 | €21,821 | +€19,173 | +723.9% |
| Gross operating margin | 9900 | €581,509 | €848,745 | +€267,235 | +46.0% |
| Operating profit (loss) | 9901 | €346,688 | €620,762 | +€274,075 | +79.1% |
| Financial income | 75/76B | €5 | €7,986 | +€7,981 | +158663.4% |
| Recurring financial income | 75 | €5 | €7,986 | +€7,981 | +158663.4% |
| Financial charges | 65/66B | €8,631 | €7,492 | -€1,139 | -13.2% |
| Recurring financial charges | 65 | €8,631 | €7,492 | -€1,139 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €338,062 | €621,256 | +€283,194 | +83.8% |
| Income taxes | 67/77 | €94,517 | €190,877 | +€96,360 | +102.0% |
| Profit (loss) for the period | 9904 | €243,545 | €430,379 | +€186,834 | +76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €243,545 | €430,379 | +€186,834 | +76.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.