Atelier Manus: what changed
What changed
Atelier Manus
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€1,431
2024 · €1,122+€309
Equity
€62,867
2024 · €61,436+€1,431
Cash
€18,836
2024 · €4,604+€14,233
Balance sheet total
€392,048
2024 · €470,826-€78,778
Largest movements
Assets
- Receivables within one year -€104,256
down €104,256 (-65.4%), from €159,515 to €55,259
of which Trade receivables: -€104,270
- Receivables after one year +€26,974
new in 2025: €26,974
- Stocks and contracts -€14,720
down €14,720 (-23.4%), from €63,035 to €48,314
- Cash +€14,233
up €14,233 (+309%), from €4,604 to €18,836
mainly Receivables within one year (+€104,256) and Depreciation (+€46,598)
Equity and liabilities
- Debts after one year -€73,232
down €73,232 (-28.2%), from €259,633 to €186,402
- Trade debts -€24,871
down €24,871 (-41.1%), from €60,555 to €35,684
- Accrued charges and deferred income +€16,414
new in 2025: €16,414
- Tax, wage and social debts +€14,712
up €14,712 (+79.0%), from €18,615 to €33,327
of which Taxes: +€12,479
- Current portion of long-term debt -€13,153
down €13,153 (-19.3%), from €68,251 to €55,099
Income statement
- Staff costs +€37,578
up €37,578 (+24.8%), from €151,642 to €189,221
- Gross operating margin +€19,622
up €19,622 (+8.2%), from €239,587 to €259,209
- Depreciation -€16,207
down €16,207 (-25.8%), from €62,805 to €46,598
- Financial charges -€3,115
down €3,115 (-14.8%), from €21,108 to €17,993
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.
Result 2024
€1,122
Gross operating margin
+€19,622
Staff costs
-€37,578
Depreciation
+€16,207
Other operating charges
-€850
Financial income
-€206
Financial charges
+€3,115
Result 2025
€1,431
raises the resultlowers the result
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.
From operations
+€146,389
Investment
-€45,772
Financing
-€86,384
Cash 2024
€4,604
From operations (derived)
+€146,389
Net result for the year
+€1,431
Depreciation
+€46,598
Receivables after one year
-€26,974
Stocks and contracts
+€14,720
Receivables within one year
+€104,256
Smaller working-capital items
+€103
Trade debts
-€24,871
Tax, wage and social debts
+€14,712
Accrued charges and deferred income
+€16,414
Investment (derived)
-€45,772
Investment in fixed assets (net)
-€45,772
Financing
-€86,384
Debts after one year
-€73,232
Current portion of long-term debt
-€13,153
Cash 2025
€18,836
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €470,826 | €392,048 | -€78,778 | -16.7% |
| Fixed assets | 21/28 | €243,490 | €242,665 | -€826 | -0.3% |
| Tangible fixed assets | 22/27 | €243,490 | €242,665 | -€826 | -0.3% |
| Land and buildings | 22 | €39,118 | €40,949 | +€1,831 | +4.7% |
| Plant, machinery and equipment | 23 | €174,257 | €180,892 | +€6,635 | +3.8% |
| Furniture and vehicles | 24 | €30,116 | €20,823 | -€9,292 | -30.9% |
| Current assets | 29/58 | €227,336 | €149,383 | -€77,953 | -34.3% |
| Amounts receivable after more than one year | 29 | - | €26,974 | +€26,974 | |
| Trade receivables | 290 | - | €26,974 | +€26,974 | |
| Stocks and contracts in progress | 3 | €63,035 | €48,314 | -€14,720 | -23.4% |
| Stocks | 30/36 | €63,035 | €48,314 | -€14,720 | -23.4% |
| Amounts receivable within one year | 40/41 | €159,515 | €55,259 | -€104,256 | -65.4% |
| Trade receivables | 40 | €159,515 | €55,245 | -€104,270 | -65.4% |
| Other amounts receivable | 41 | - | €14 | +€14 | |
| Cash at bank and in hand | 54/58 | €4,604 | €18,836 | +€14,233 | +309% |
| Deferred charges and accrued income | 490/1 | €183 | - | -€183 | |
| Total equity and liabilities | 10/49 | €470,826 | €392,048 | -€78,778 | -16.7% |
| Equity | 10/15 | €61,436 | €62,867 | +€1,431 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,236 | €56,667 | +€1,431 | +2.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,376 | €54,807 | +€1,431 | +2.7% |
| Amounts payable | 17/49 | €409,390 | €329,181 | -€80,210 | -19.6% |
| Amounts payable after more than one year | 17 | €259,633 | €186,402 | -€73,232 | -28.2% |
| Financial debts | 170/4 | €259,633 | €186,402 | -€73,232 | -28.2% |
| Amounts payable within one year | 42/48 | €149,757 | €126,365 | -€23,392 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €68,251 | €55,099 | -€13,153 | -19.3% |
| Trade debts | 44 | €60,555 | €35,684 | -€24,871 | -41.1% |
| Suppliers | 440/4 | €60,555 | €35,684 | -€24,871 | -41.1% |
| Taxes, remuneration and social security | 45 | €18,615 | €33,327 | +€14,712 | +79.0% |
| Taxes | 450/3 | €6,806 | €19,285 | +€12,479 | +183% |
| Remuneration and social security | 454/9 | €11,809 | €14,042 | +€2,233 | +18.9% |
| Other amounts payable | 47/48 | €2,336 | €2,256 | -€80 | -3.4% |
| Accrued charges and deferred income | 492/3 | - | €16,414 | +€16,414 | |
| Remuneration, social security and pensions | 62 | €151,642 | €189,221 | +€37,578 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,805 | €46,598 | -€16,207 | -25.8% |
| Other operating charges | 640/8 | €3,127 | €3,977 | +€850 | +27.2% |
| Gross operating margin | 9900 | €239,587 | €259,209 | +€19,622 | +8.2% |
| Operating profit (loss) | 9901 | €22,013 | €19,413 | -€2,599 | -11.8% |
| Financial income | 75/76B | €217 | €11 | -€206 | -95.0% |
| Recurring financial income | 75 | €217 | €11 | -€206 | -95.0% |
| Financial charges | 65/66B | €21,108 | €17,993 | -€3,115 | -14.8% |
| Recurring financial charges | 65 | €21,108 | €17,993 | -€3,115 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €1,122 | €1,431 | +€309 | +27.6% |
| Profit (loss) for the period | 9904 | €1,122 | €1,431 | +€309 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,122 | €1,431 | +€309 | +27.6% |
Next steps
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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.