VOHU MANA: 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.
VOHU MANA
Largest movements
- Receivables within one year -€50,401
down €50,401 (-66.7%), from €75,533 to €25,132
of which Trade receivables: -€40,333
- Cash -€15,728
down €15,728 (-16.5%), from €95,128 to €79,399
mainly Other debts (-€46,684) and Tax, wage and social debts (-€21,074)
- Tangible fixed assets -€14,566
down €14,566 (-35.3%), from €41,239 to €26,673
of which Furniture and vehicles: -€13,796
- Deferred charges and accrued income -€2,657
down €2,657 (-98.3%), from €2,703 to €45
- Other debts -€46,684
down €46,684 (-66.9%), from €69,752 to €23,067
- Tax, wage and social debts -€21,074
down €21,074 (-63.8%), from €33,020 to €11,946
- Debts after one year -€11,443
down €11,443 (-56.4%), from €20,273 to €8,830
- Profit (loss) carried forward -€4,306
new in 2025: -€4,306
- Gross operating margin -€128,405
down €128,405 (-90.3%), from €142,128 to €13,723
- Taxes -€21,043
down €21,043 (-99.7%), from €21,105 to €62
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 | €224,864 | €141,512 | -€83,353 | -37.1% |
| Fixed assets | 21/28 | €51,502 | €36,936 | -€14,566 | -28.3% |
| Tangible fixed assets | 22/27 | €41,239 | €26,673 | -€14,566 | -35.3% |
| Plant, machinery and equipment | 23 | €2,303 | €1,533 | -€770 | -33.4% |
| Furniture and vehicles | 24 | €38,937 | €25,140 | -€13,796 | -35.4% |
| Financial fixed assets | 28 | €10,263 | €10,263 | = | 0.0% |
| Current assets | 29/58 | €173,363 | €104,576 | -€68,787 | -39.7% |
| Amounts receivable within one year | 40/41 | €75,533 | €25,132 | -€50,401 | -66.7% |
| Trade receivables | 40 | €46,300 | €5,967 | -€40,333 | -87.1% |
| Other amounts receivable | 41 | €29,232 | €19,165 | -€10,068 | -34.4% |
| Cash at bank and in hand | 54/58 | €95,128 | €79,399 | -€15,728 | -16.5% |
| Deferred charges and accrued income | 490/1 | €2,703 | €45 | -€2,657 | -98.3% |
| Total equity and liabilities | 10/49 | €224,864 | €141,512 | -€83,353 | -37.1% |
| Equity | 10/15 | €87,704 | €83,399 | -€4,306 | -4.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €82,704 | €82,704 | = | 0.0% |
| Distributable reserves | 133 | €82,704 | €82,704 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,306 | -€4,306 | |
| Amounts payable | 17/49 | €137,160 | €58,113 | -€79,047 | -57.6% |
| Amounts payable after more than one year | 17 | €20,273 | €8,830 | -€11,443 | -56.4% |
| Financial debts | 170/4 | €20,273 | €8,830 | -€11,443 | -56.4% |
| Amounts payable within one year | 42/48 | €116,887 | €49,283 | -€67,603 | -57.8% |
| Current portion of amounts payable after more than one year | 42 | €11,078 | €11,443 | +€365 | +3.3% |
| Trade debts | 44 | €3,037 | €2,827 | -€210 | -6.9% |
| Suppliers | 440/4 | €3,037 | €2,827 | -€210 | -6.9% |
| Taxes, remuneration and social security | 45 | €33,020 | €11,946 | -€21,074 | -63.8% |
| Taxes | 450/3 | €33,020 | €11,946 | -€21,074 | -63.8% |
| Other amounts payable | 47/48 | €69,752 | €23,067 | -€46,684 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,279 | €15,970 | -€309 | -1.9% |
| Other operating charges | 640/8 | €1,132 | €740 | -€392 | -34.7% |
| Gross operating margin | 9900 | €142,128 | €13,723 | -€128,405 | -90.3% |
| Operating profit (loss) | 9901 | €124,717 | -€2,987 | -€127,704 | |
| Financial income | 75/76B | €74 | - | -€74 | |
| Recurring financial income | 75 | €74 | - | -€74 | |
| Financial charges | 65/66B | €1,453 | €1,256 | -€196 | -13.5% |
| Recurring financial charges | 65 | €1,453 | €1,256 | -€196 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €123,338 | -€4,243 | -€127,581 | |
| Income taxes | 67/77 | €21,105 | €62 | -€21,043 | -99.7% |
| Profit (loss) for the period | 9904 | €102,233 | -€4,306 | -€106,538 | |
| Profit (loss) for the period to be appropriated | 9905 | €102,233 | -€4,306 | -€106,538 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.