MANAUR: what changed
What changed
MANAUR
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€171,922
2025 · €174,627-€2,705
Equity
€360,766
2025 · €188,844+€171,922
Cash
€57,979
2025 · €109,705-€51,726
Balance sheet total
€427,644
2025 · €255,604+€172,040
Largest movements
Assets
- Current investments +€205,000
up €205,000 (+171%), from €120,000 to €325,000
- Cash -€51,726
down €51,726 (-47.2%), from €109,705 to €57,979
mainly Current investments (-€205,000) and Receivables within one year (-€14,993)
- Receivables within one year +€14,993
up €14,993 (+57.9%), from €25,899 to €40,892
of which Other amounts receivable: +€9,410
Equity and liabilities
- Reserves +€171,922
up €171,922 (+92.0%), from €186,844 to €358,766
Income statement
- Gross operating margin -€7,844
down €7,844 (-3.4%), from €227,725 to €219,881
- Financial income +€4,723
up €4,723 (+1,011%), from €467 to €5,190
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€174,627
Gross operating margin
-€7,844
Depreciation
-€272
Other operating charges
-€12
Financial income
+€4,723
Financial charges
-€212
Taxes
+€913
Result 2026
€171,922
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€156,931
Investment
-€208,657
Financing
€0
Cash 2025
€109,705
From operations (derived)
+€156,931
Net result for the year
+€171,922
Depreciation
+€272
Receivables within one year
-€14,993
Smaller working-capital items
-€508
Trade debts
-€832
Tax, wage and social debts
+€1,068
Investment (derived)
-€208,657
Investment in fixed assets (net)
-€3,657
Current investments
-€205,000
Cash 2026
€57,979
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €255,604 | €427,644 | +€172,040 | +67.3% |
| Fixed assets | 21/28 | - | €3,384 | +€3,384 | |
| Tangible fixed assets | 22/27 | - | €3,384 | +€3,384 | |
| Furniture and vehicles | 24 | - | €3,384 | +€3,384 | |
| Current assets | 29/58 | €255,604 | €424,260 | +€168,655 | +66.0% |
| Amounts receivable within one year | 40/41 | €25,899 | €40,892 | +€14,993 | +57.9% |
| Trade receivables | 40 | €25,868 | €31,450 | +€5,582 | +21.6% |
| Other amounts receivable | 41 | €31 | €9,442 | +€9,410 | +30,027% |
| Current investments | 50/53 | €120,000 | €325,000 | +€205,000 | +171% |
| Cash at bank and in hand | 54/58 | €109,705 | €57,979 | -€51,726 | -47.2% |
| Deferred charges and accrued income | 490/1 | - | €389 | +€389 | |
| Total equity and liabilities | 10/49 | €255,604 | €427,644 | +€172,040 | +67.3% |
| Equity | 10/15 | €188,844 | €360,766 | +€171,922 | +91.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €186,844 | €358,766 | +€171,922 | +92.0% |
| Distributable reserves | 133 | €186,844 | €358,766 | +€171,922 | +92.0% |
| Amounts payable | 17/49 | €66,760 | €66,877 | +€118 | +0.2% |
| Amounts payable within one year | 42/48 | €66,760 | €66,877 | +€118 | +0.2% |
| Trade debts | 44 | €860 | €28 | -€832 | -96.7% |
| Suppliers | 440/4 | €860 | €28 | -€832 | -96.7% |
| Taxes, remuneration and social security | 45 | €65,781 | €66,849 | +€1,068 | +1.6% |
| Taxes | 450/3 | €65,781 | €65,648 | -€133 | -0.2% |
| Remuneration and social security | 454/9 | €0 | €1,201 | +€1,201 | |
| Other amounts payable | 47/48 | €119 | €0 | -€119 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €272 | +€272 | |
| Other operating charges | 640/8 | €0 | €12 | +€12 | |
| Gross operating margin | 9900 | €227,725 | €219,881 | -€7,844 | -3.4% |
| Operating profit (loss) | 9901 | €227,725 | €219,597 | -€8,128 | -3.6% |
| Financial income | 75/76B | €467 | €5,190 | +€4,723 | +1,011% |
| Recurring financial income | 75 | €467 | €5,190 | +€4,723 | +1,011% |
| Financial charges | 65/66B | €162 | €374 | +€212 | +131% |
| Recurring financial charges | 65 | €162 | €374 | +€212 | +131% |
| Profit (loss) for the period before taxes | 9903 | €228,030 | €224,412 | -€3,618 | -1.6% |
| Income taxes | 67/77 | €53,403 | €52,490 | -€913 | -1.7% |
| Profit (loss) for the period | 9904 | €174,627 | €171,922 | -€2,705 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €174,627 | €171,922 | -€2,705 | -1.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.