SAONA MANCUSO: 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.
SAONA MANCUSO
Largest movements
- Receivables within one year +€8,040
new in 2025: €8,040
- Deferred charges and accrued income -€3,407
down €3,407 (-30.6%), from €11,139 to €7,732
- Cash +€944
up €944 (+1.8%), from €52,020 to €52,964
mainly Deferred charges and accrued income (+€3,407) and Tax, wage and social debts (+€3,374)
- Tax, wage and social debts +€3,374
up €3,374 (+26.6%), from €12,674 to €16,048
of which Taxes: +€3,088
- Profit (loss) carried forward +€2,665
up €2,665 (+5.5%), from €48,739 to €51,404
- Other debts -€2,660
down €2,660 (-100.0%), from €2,660 to €0
- Trade debts +€2,282
up €2,282 (+150.4%), from €1,517 to €3,799
- Gross operating margin -€39,375
down €39,375 (-81.5%), from €48,328 to €8,953
- Taxes -€8,463
down €8,463 (-80.9%), from €10,465 to €2,003
- Financial charges +€1,996
up €1,996 (+264.6%), from €754 to €2,750
- Depreciation +€734
up €734 (+105.1%), from €699 to €1,433
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 | €66,590 | €72,251 | +€5,661 | +8.5% |
| Fixed assets | 21/28 | €3,430 | €3,515 | +€85 | +2.5% |
| Tangible fixed assets | 22/27 | €3,430 | €3,515 | +€85 | +2.5% |
| Furniture and vehicles | 24 | €1,543 | €1,820 | +€277 | +17.9% |
| Other tangible fixed assets | 26 | €1,887 | €1,695 | -€192 | -10.2% |
| Current assets | 29/58 | €63,160 | €68,736 | +€5,576 | +8.8% |
| Amounts receivable within one year | 40/41 | - | €8,040 | +€8,040 | |
| Other amounts receivable | 41 | - | €8,040 | +€8,040 | |
| Cash at bank and in hand | 54/58 | €52,020 | €52,964 | +€944 | +1.8% |
| Deferred charges and accrued income | 490/1 | €11,139 | €7,732 | -€3,407 | -30.6% |
| Total equity and liabilities | 10/49 | €66,590 | €72,251 | +€5,661 | +8.5% |
| Equity | 10/15 | €49,739 | €52,404 | +€2,665 | +5.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,739 | €51,404 | +€2,665 | +5.5% |
| Amounts payable | 17/49 | €16,851 | €19,847 | +€2,996 | +17.8% |
| Amounts payable within one year | 42/48 | €16,851 | €19,847 | +€2,996 | +17.8% |
| Trade debts | 44 | €1,517 | €3,799 | +€2,282 | +150.4% |
| Suppliers | 440/4 | €1,517 | €3,799 | +€2,282 | +150.4% |
| Taxes, remuneration and social security | 45 | €12,674 | €16,048 | +€3,374 | +26.6% |
| Taxes | 450/3 | €10,460 | €13,548 | +€3,088 | +29.5% |
| Remuneration and social security | 454/9 | €2,214 | €2,500 | +€286 | +12.9% |
| Other amounts payable | 47/48 | €2,660 | €0 | -€2,660 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €699 | €1,433 | +€734 | +105.1% |
| Other operating charges | 640/8 | €54 | €327 | +€273 | +501.9% |
| Gross operating margin | 9900 | €48,328 | €8,953 | -€39,375 | -81.5% |
| Operating profit (loss) | 9901 | €47,575 | €7,193 | -€40,382 | -84.9% |
| Financial income | 75/76B | €0 | €225 | +€225 | +160442.9% |
| Recurring financial income | 75 | €0 | €225 | +€225 | +160442.9% |
| Financial charges | 65/66B | €754 | €2,750 | +€1,996 | +264.6% |
| Recurring financial charges | 65 | €754 | €2,750 | +€1,996 | +264.6% |
| Profit (loss) for the period before taxes | 9903 | €46,821 | €4,668 | -€42,153 | -90.0% |
| Income taxes | 67/77 | €10,465 | €2,003 | -€8,463 | -80.9% |
| Profit (loss) for the period | 9904 | €36,356 | €2,665 | -€33,691 | -92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,356 | €2,665 | -€33,691 | -92.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.