MANIS: what changed
MANIS
Largest movements
- Cash -€20,536
down €20,536 (-48.7%), from €42,196 to €21,660
mainly Trade debts (-€69,297)
- Tangible fixed assets -€5,094
down €5,094 (-25.0%), from €20,375 to €15,281
- Trade debts -€69,297
down €69,297 (-64.3%), from €107,775 to €38,478
- Other debts +€22,148
up €22,148 (+23.7%), from €93,321 to €115,469
- Tax, wage and social debts +€11,990
up €11,990 (+32.9%), from €36,432 to €48,422
of which Remuneration and social security: +€17,995
- Profit (loss) carried forward +€9,529
up €9,529 (+7.5%), from -€127,418 to -€117,889
- Taxes -€101,370
no longer reported in 2025 (was €101,370)
- Gross operating margin +€79,570
up €79,570 (+128%), from €62,285 to €141,855
- Financial income -€61,165
no longer reported in 2025 (was €61,165)
of which Financial income: -€61,165
- Staff costs +€21,626
up €21,626 (+20.7%), from €104,697 to €126,323
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,921 | €103,291 | -€25,630 | -19.9% |
| Fixed assets | 21/28 | €38,675 | €33,581 | -€5,094 | -13.2% |
| Tangible fixed assets | 22/27 | €20,375 | €15,281 | -€5,094 | -25.0% |
| Other tangible fixed assets | 26 | €20,375 | €15,281 | -€5,094 | -25.0% |
| Financial fixed assets | 28 | €18,300 | €18,300 | = | 0.0% |
| Current assets | 29/58 | €90,246 | €69,710 | -€20,536 | -22.8% |
| Stocks and contracts in progress | 3 | €47,750 | €47,750 | = | 0.0% |
| Stocks | 30/36 | €47,750 | €47,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €300 | €300 | = | 0.0% |
| Trade receivables | 40 | - | €300 | +€300 | |
| Other amounts receivable | 41 | €300 | - | -€300 | |
| Cash at bank and in hand | 54/58 | €42,196 | €21,660 | -€20,536 | -48.7% |
| Total equity and liabilities | 10/49 | €128,921 | €103,291 | -€25,630 | -19.9% |
| Equity | 10/15 | -€108,607 | -€99,078 | +€9,529 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €211 | €211 | = | 0.0% |
| Non-distributable reserves | 130/1 | €211 | €211 | = | 0.0% |
| Reserves not available under the articles | 1311 | €211 | €211 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,418 | -€117,889 | +€9,529 | +7.5% |
| Amounts payable | 17/49 | €237,528 | €202,369 | -€35,159 | -14.8% |
| Amounts payable within one year | 42/48 | €237,528 | €202,369 | -€35,159 | -14.8% |
| Trade debts | 44 | €107,775 | €38,478 | -€69,297 | -64.3% |
| Suppliers | 440/4 | €107,775 | €38,478 | -€69,297 | -64.3% |
| Taxes, remuneration and social security | 45 | €36,432 | €48,422 | +€11,990 | +32.9% |
| Taxes | 450/3 | €16,870 | €10,865 | -€6,005 | -35.6% |
| Remuneration and social security | 454/9 | €19,562 | €37,557 | +€17,995 | +92.0% |
| Other amounts payable | 47/48 | €93,321 | €115,469 | +€22,148 | +23.7% |
| Remuneration, social security and pensions | 62 | €104,697 | €126,323 | +€21,626 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,094 | €5,094 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €851 | +€851 | |
| Other operating charges | 640/8 | €191 | - | -€191 | |
| Gross operating margin | 9900 | €62,285 | €141,855 | +€79,570 | +128% |
| Operating profit (loss) | 9901 | -€47,697 | €9,587 | +€57,284 | |
| Financial income | 75/76B | €61,165 | - | -€61,165 | |
| Recurring financial income | 75 | €61,165 | - | -€61,165 | |
| Non-recurring financial income | 76B | €61,165 | - | -€61,165 | |
| Financial charges | 65/66B | €49 | €58 | +€9 | +18.4% |
| Recurring financial charges | 65 | €49 | €58 | +€9 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €13,419 | €9,529 | -€3,890 | -29.0% |
| Income taxes | 67/77 | €101,370 | - | -€101,370 | |
| Profit (loss) for the period | 9904 | -€87,951 | €9,529 | +€97,480 | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,951 | €9,529 | +€97,480 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.