DP MANUE: 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.
DP MANUE
Largest movements
- Tangible fixed assets -€18,418
down €18,418 (-5.1%), from €361,843 to €343,425
of which Land and buildings: -€19,956
- Intangible fixed assets -€8,571
down €8,571 (-17.2%), from €49,728 to €41,157
- Profit (loss) carried forward -€57,419
down €57,419 (-74.3%), from -€77,309 to -€134,729
- Trade debts +€45,027
up €45,027 (+33.3%), from €135,029 to €180,056
- Debts after one year -€30,769
down €30,769 (-9.3%), from €331,779 to €301,010
of which Financial debts: -€30,769
- Other debts +€13,402
up €13,402 (+55.2%), from €24,268 to €37,670
- Accrued charges and deferred income -€8,805
no longer reported in 2025 (was €8,805)
- Staff costs -€25,736
down €25,736 (-17.9%), from €143,918 to €118,183
- Gross operating margin -€15,059
down €15,059 (-11.4%), from €132,155 to €117,096
- Other operating charges +€3,179
up €3,179 (+176%), from €1,805 to €4,984
- Depreciation +€1,527
up €1,527 (+4.8%), from €32,027 to €33,554
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 | €459,912 | €429,408 | -€30,503 | -6.6% |
| Fixed assets | 21/28 | €411,571 | €384,582 | -€26,989 | -6.6% |
| Intangible fixed assets | 21 | €49,728 | €41,157 | -€8,571 | -17.2% |
| Tangible fixed assets | 22/27 | €361,843 | €343,425 | -€18,418 | -5.1% |
| Land and buildings | 22 | €355,551 | €335,595 | -€19,956 | -5.6% |
| Plant, machinery and equipment | 23 | €6,292 | €4,569 | -€1,722 | -27.4% |
| Furniture and vehicles | 24 | - | €3,261 | +€3,261 | |
| Current assets | 29/58 | €48,340 | €44,826 | -€3,514 | -7.3% |
| Stocks and contracts in progress | 3 | €42,024 | €41,452 | -€572 | -1.4% |
| Stocks | 30/36 | €42,024 | €41,452 | -€572 | -1.4% |
| Amounts receivable within one year | 40/41 | €4,905 | €2,827 | -€2,078 | -42.4% |
| Trade receivables | 40 | €4,710 | €2,822 | -€1,888 | -40.1% |
| Other amounts receivable | 41 | €195 | €5 | -€190 | -97.4% |
| Cash at bank and in hand | 54/58 | €1,411 | €547 | -€864 | -61.2% |
| Total equity and liabilities | 10/49 | €459,912 | €429,408 | -€30,503 | -6.6% |
| Equity | 10/15 | -€72,309 | -€129,729 | -€57,419 | -79.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,309 | -€134,729 | -€57,419 | -74.3% |
| Amounts payable | 17/49 | €532,221 | €559,137 | +€26,916 | +5.1% |
| Amounts payable after more than one year | 17 | €331,779 | €301,010 | -€30,769 | -9.3% |
| Financial debts | 170/4 | €311,779 | €281,010 | -€30,769 | -9.9% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €191,637 | €258,127 | +€66,490 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €29,481 | €30,769 | +€1,289 | +4.4% |
| Trade debts | 44 | €135,029 | €180,056 | +€45,027 | +33.3% |
| Suppliers | 440/4 | €135,029 | €180,056 | +€45,027 | +33.3% |
| Taxes, remuneration and social security | 45 | €2,859 | €9,631 | +€6,772 | +237% |
| Taxes | 450/3 | €111 | €6,699 | +€6,589 | +5,962% |
| Remuneration and social security | 454/9 | €2,748 | €2,932 | +€183 | +6.7% |
| Other amounts payable | 47/48 | €24,268 | €37,670 | +€13,402 | +55.2% |
| Accrued charges and deferred income | 492/3 | €8,805 | - | -€8,805 | |
| Non-recurring operating income | 76A | - | €2,296 | +€2,296 | |
| Remuneration, social security and pensions | 62 | €143,918 | €118,183 | -€25,736 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,027 | €33,554 | +€1,527 | +4.8% |
| Other operating charges | 640/8 | €1,805 | €4,984 | +€3,179 | +176% |
| Non-recurring operating charges | 66A | €454 | €56 | -€398 | -87.6% |
| Gross operating margin | 9900 | €132,155 | €117,096 | -€15,059 | -11.4% |
| Operating profit (loss) | 9901 | -€46,049 | -€39,681 | +€6,368 | +13.8% |
| Financial charges | 65/66B | €18,006 | €17,738 | -€268 | -1.5% |
| Recurring financial charges | 65 | €18,006 | €17,738 | -€268 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€64,056 | -€57,419 | +€6,636 | +10.4% |
| Profit (loss) for the period | 9904 | -€64,056 | -€57,419 | +€6,636 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,056 | -€57,419 | +€6,636 | +10.4% |
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 20 October 2026 via checked.be.