MANZL: 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.
MANZL
Largest movements
- Cash +€18,443
up €18,443 (+2934.1%), from €629 to €19,072
mainly Net result for the year (+€35,000) and Tax, wage and social debts (+€3,781)
- Receivables within one year +€13,480
up €13,480 (+1136.9%), from €1,186 to €14,665
of which Trade receivables: +€13,688
- Profit (loss) carried forward +€35,000
up €35,000 (+75.7%), from -€46,261 to -€11,261
- Other debts -€5,810
down €5,810 (-16.9%), from €34,455 to €28,644
- Tax, wage and social debts +€3,781
new in 2025: €3,781
- Trade debts -€1,047
down €1,047 (-85.9%), from €1,220 to €173
- Gross operating margin +€35,614
up €35,614, from -€557 to €35,057
- Depreciation -€11,474
no longer reported in 2025 (was €11,474)
- Other operating charges -€1,580
no longer reported in 2025 (was €1,580)
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 | €1,814 | €33,737 | +€31,923 | +1759.6% |
| Current assets | 29/58 | €1,814 | €33,737 | +€31,923 | +1759.6% |
| Amounts receivable within one year | 40/41 | €1,186 | €14,665 | +€13,480 | +1136.9% |
| Trade receivables | 40 | €977 | €14,665 | +€13,688 | +1401.0% |
| Other amounts receivable | 41 | €209 | - | -€209 | |
| Cash at bank and in hand | 54/58 | €629 | €19,072 | +€18,443 | +2934.1% |
| Total equity and liabilities | 10/49 | €1,814 | €33,737 | +€31,923 | +1759.6% |
| Equity | 10/15 | -€33,861 | €1,139 | +€35,000 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,261 | -€11,261 | +€35,000 | +75.7% |
| Amounts payable | 17/49 | €35,675 | €32,598 | -€3,077 | -8.6% |
| Amounts payable within one year | 42/48 | €35,675 | €32,598 | -€3,077 | -8.6% |
| Trade debts | 44 | €1,220 | €173 | -€1,047 | -85.9% |
| Suppliers | 440/4 | €1,220 | €173 | -€1,047 | -85.9% |
| Taxes, remuneration and social security | 45 | - | €3,781 | +€3,781 | |
| Taxes | 450/3 | - | €3,781 | +€3,781 | |
| Other amounts payable | 47/48 | €34,455 | €28,644 | -€5,810 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,474 | - | -€11,474 | |
| Other operating charges | 640/8 | €1,580 | - | -€1,580 | |
| Gross operating margin | 9900 | -€557 | €35,057 | +€35,614 | |
| Operating profit (loss) | 9901 | -€13,612 | €35,057 | +€48,669 | |
| Financial income | 75/76B | €68 | - | -€68 | |
| Recurring financial income | 75 | €68 | - | -€68 | |
| Financial charges | 65/66B | €73 | €57 | -€16 | -21.3% |
| Recurring financial charges | 65 | €73 | €57 | -€16 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,617 | €35,000 | +€48,617 | |
| Profit (loss) for the period | 9904 | -€13,617 | €35,000 | +€48,617 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,617 | €35,000 | +€48,617 |
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 7 October 2026 via checked.be.