ALINE MANSHOVEN: what changed
ALINE MANSHOVEN
Largest movements
- Cash -€88,515
down €88,515 (-89.7%), from €98,704 to €10,189
mainly Contributions, distributions and other (-€150,000) and Current investments (-€74,000)
- Current investments +€74,000
up €74,000 (+7,400%), from €1,000 to €75,000
- Receivables within one year -€40,245
down €40,245 (-80.3%), from €50,127 to €9,882
of which Other amounts receivable: -€21,309
- Tangible fixed assets -€10,253
down €10,253 (-13.5%), from €76,224 to €65,972
of which Furniture and vehicles: -€9,208
- Reserves -€150,000
down €150,000 (-85.7%), from €174,929 to €24,929
- Profit (loss) carried forward +€104,180
new in 2025: €104,180
- Tax, wage and social debts -€11,336
down €11,336 (-36.1%), from €31,430 to €20,094
- Debts after one year -€8,126
down €8,126 (-92.2%), from €8,816 to €690
- Gross operating margin +€32,314
up €32,314 (+27.6%), from €116,939 to €149,254
- Taxes +€8,449
up €8,449 (+37.0%), from €22,821 to €31,270
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 | €226,056 | €161,043 | -€65,013 | -28.8% |
| Fixed assets | 21/28 | €76,224 | €65,972 | -€10,253 | -13.5% |
| Tangible fixed assets | 22/27 | €76,224 | €65,972 | -€10,253 | -13.5% |
| Land and buildings | 22 | €43,382 | €42,462 | -€920 | -2.1% |
| Plant, machinery and equipment | 23 | €273 | €148 | -€125 | -45.7% |
| Furniture and vehicles | 24 | €32,569 | €23,361 | -€9,208 | -28.3% |
| Current assets | 29/58 | €149,831 | €95,071 | -€54,760 | -36.5% |
| Amounts receivable within one year | 40/41 | €50,127 | €9,882 | -€40,245 | -80.3% |
| Trade receivables | 40 | €18,936 | - | -€18,936 | |
| Other amounts receivable | 41 | €31,191 | €9,882 | -€21,309 | -68.3% |
| Current investments | 50/53 | €1,000 | €75,000 | +€74,000 | +7,400% |
| Cash at bank and in hand | 54/58 | €98,704 | €10,189 | -€88,515 | -89.7% |
| Total equity and liabilities | 10/49 | €226,056 | €161,043 | -€65,013 | -28.8% |
| Equity | 10/15 | €177,929 | €132,109 | -€45,820 | -25.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €174,929 | €24,929 | -€150,000 | -85.7% |
| Distributable reserves | 133 | €174,929 | €24,929 | -€150,000 | -85.7% |
| Profit (loss) carried forward | 14 | - | €104,180 | +€104,180 | |
| Amounts payable | 17/49 | €48,127 | €28,934 | -€19,193 | -39.9% |
| Amounts payable after more than one year | 17 | €8,816 | €690 | -€8,126 | -92.2% |
| Financial debts | 170/4 | €8,816 | €690 | -€8,126 | -92.2% |
| Amounts payable within one year | 42/48 | €39,311 | €28,244 | -€11,067 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €7,855 | €8,126 | +€271 | +3.5% |
| Trade debts | 44 | €26 | €24 | -€2 | -7.2% |
| Suppliers | 440/4 | €26 | €24 | -€2 | -7.2% |
| Taxes, remuneration and social security | 45 | €31,430 | €20,094 | -€11,336 | -36.1% |
| Taxes | 450/3 | €31,430 | €20,094 | -€11,336 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,775 | €12,563 | +€788 | +6.7% |
| Other operating charges | 640/8 | €797 | €718 | -€79 | -9.9% |
| Gross operating margin | 9900 | €116,939 | €149,254 | +€32,314 | +27.6% |
| Operating profit (loss) | 9901 | €104,367 | €135,973 | +€31,606 | +30.3% |
| Financial income | 75/76B | €1,038 | €810 | -€228 | -21.9% |
| Recurring financial income | 75 | €1,038 | €810 | -€228 | -21.9% |
| Financial charges | 65/66B | €793 | €1,334 | +€541 | +68.2% |
| Recurring financial charges | 65 | €793 | €1,334 | +€541 | +68.2% |
| Profit (loss) for the period before taxes | 9903 | €104,612 | €135,450 | +€30,837 | +29.5% |
| Income taxes | 67/77 | €22,821 | €31,270 | +€8,449 | +37.0% |
| Profit (loss) for the period | 9904 | €81,791 | €104,180 | +€22,389 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,791 | €104,180 | +€22,389 | +27.4% |
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 3 November 2026 via checked.be.