Mahnis: 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.
Mahnis
Largest movements
- Receivables within one year -€16,623
down €16,623 (-20.3%), from €82,072 to €65,449
of which Trade receivables: -€8,470
- Tangible fixed assets -€10,683
down €10,683 (-25.9%), from €41,210 to €30,527
- Reserves +€302,266
new in 2025: €302,266
- Profit (loss) carried forward -€300,192
no longer reported in 2025 (was €300,192)
- Debts after one year -€27,878
down €27,878 (-18.8%), from €148,501 to €120,623
- Gross operating margin -€22,147
down €22,147 (-57.1%), from €38,773 to €16,627
- Taxes -€5,248
down €5,248 (-92.5%), from €5,675 to €427
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 | €592,317 | €567,913 | -€24,404 | -4.1% |
| Fixed assets | 21/28 | €501,796 | €491,113 | -€10,683 | -2.1% |
| Tangible fixed assets | 22/27 | €41,210 | €30,527 | -€10,683 | -25.9% |
| Furniture and vehicles | 24 | €41,210 | €30,527 | -€10,683 | -25.9% |
| Financial fixed assets | 28 | €460,586 | €460,586 | = | 0.0% |
| Current assets | 29/58 | €90,520 | €76,800 | -€13,721 | -15.2% |
| Amounts receivable within one year | 40/41 | €82,072 | €65,449 | -€16,623 | -20.3% |
| Trade receivables | 40 | €16,335 | €7,865 | -€8,470 | -51.9% |
| Other amounts receivable | 41 | €65,737 | €57,584 | -€8,153 | -12.4% |
| Cash at bank and in hand | 54/58 | €6,598 | €9,466 | +€2,868 | +43.5% |
| Deferred charges and accrued income | 490/1 | €1,851 | €1,885 | +€34 | +1.8% |
| Total equity and liabilities | 10/49 | €592,317 | €567,913 | -€24,404 | -4.1% |
| Equity | 10/15 | €332,692 | €334,766 | +€2,075 | +0.6% |
| Contributions | 10/11 | €32,500 | €32,500 | = | 0.0% |
| Reserves | 13 | - | €302,266 | +€302,266 | |
| Distributable reserves | 133 | - | €302,266 | +€302,266 | |
| Profit (loss) carried forward | 14 | €300,192 | - | -€300,192 | |
| Amounts payable | 17/49 | €259,625 | €233,147 | -€26,478 | -10.2% |
| Amounts payable after more than one year | 17 | €148,501 | €120,623 | -€27,878 | -18.8% |
| Financial debts | 170/4 | €148,501 | €120,623 | -€27,878 | -18.8% |
| Amounts payable within one year | 42/48 | €111,124 | €112,524 | +€1,400 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €27,398 | €27,878 | +€480 | +1.8% |
| Trade debts | 44 | €2,183 | €2,919 | +€736 | +33.7% |
| Suppliers | 440/4 | €2,183 | €2,919 | +€736 | +33.7% |
| Taxes, remuneration and social security | 45 | €34,527 | €39,633 | +€5,106 | +14.8% |
| Taxes | 450/3 | €16,606 | €16,661 | +€56 | +0.3% |
| Remuneration and social security | 454/9 | €17,921 | €22,971 | +€5,050 | +28.2% |
| Other amounts payable | 47/48 | €47,016 | €42,094 | -€4,922 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,683 | €10,683 | = | 0.0% |
| Other operating charges | 640/8 | €684 | €978 | +€294 | +43.0% |
| Gross operating margin | 9900 | €38,773 | €16,627 | -€22,147 | -57.1% |
| Operating profit (loss) | 9901 | €27,407 | €4,966 | -€22,441 | -81.9% |
| Financial charges | 65/66B | €2,620 | €2,464 | -€156 | -5.9% |
| Recurring financial charges | 65 | €2,620 | €2,464 | -€156 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €24,787 | €2,502 | -€22,285 | -89.9% |
| Income taxes | 67/77 | €5,675 | €427 | -€5,248 | -92.5% |
| Profit (loss) for the period | 9904 | €19,112 | €2,075 | -€17,037 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,112 | €2,075 | -€17,037 | -89.1% |
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 27 October 2026 via checked.be.