FRANK MANN VASTGOED: 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.
FRANK MANN VASTGOED
Largest movements
- Cash -€161,124
down €161,124 (-58.7%), from €274,679 to €113,555
mainly Contributions, distributions and other (-€75,231) and Other debts (-€52,275)
- Reserves -€75,231
down €75,231 (-23.1%), from €326,165 to €250,934
- Other debts -€52,275
down €52,275 (-39.6%), from €132,159 to €79,884
- Debts after one year -€23,472
down €23,472 (-45.6%), from €51,502 to €28,031
- Current portion of long-term debt -€7,621
down €7,621 (-24.5%), from €31,092 to €23,472
- Gross operating margin -€17,076
down €17,076 (-39.4%), from €43,356 to €26,280
- Taxes -€2,922
down €2,922 (-71.6%), from €4,078 to €1,156
- Depreciation -€2,141
down €2,141 (-11.3%), from €19,000 to €16,860
- Financial income +€1,449
new in 2025: €1,449
- Other operating charges -€1,195
down €1,195 (-10.6%), from €11,237 to €10,042
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 | €575,364 | €410,583 | -€164,781 | -28.6% |
| Fixed assets | 21/28 | €287,781 | €285,353 | -€2,427 | -0.8% |
| Tangible fixed assets | 22/27 | €287,781 | €285,353 | -€2,427 | -0.8% |
| Land and buildings | 22 | €286,692 | €274,183 | -€12,509 | -4.4% |
| Plant, machinery and equipment | 23 | €942 | €600 | -€342 | -36.3% |
| Furniture and vehicles | 24 | €146 | €10,570 | +€10,424 | +7,133% |
| Current assets | 29/58 | €287,583 | €125,229 | -€162,354 | -56.5% |
| Amounts receivable within one year | 40/41 | €9,878 | €8,878 | -€1,001 | -10.1% |
| Trade receivables | 40 | €9,878 | €517 | -€9,362 | -94.8% |
| Other amounts receivable | 41 | - | €8,361 | +€8,361 | |
| Cash at bank and in hand | 54/58 | €274,679 | €113,555 | -€161,124 | -58.7% |
| Deferred charges and accrued income | 490/1 | €3,026 | €2,797 | -€229 | -7.6% |
| Total equity and liabilities | 10/49 | €575,364 | €410,583 | -€164,781 | -28.6% |
| Equity | 10/15 | €348,165 | €269,273 | -€78,891 | -22.7% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €326,165 | €250,934 | -€75,231 | -23.1% |
| Distributable reserves | 133 | €326,165 | €250,934 | -€75,231 | -23.1% |
| Profit (loss) carried forward | 14 | - | -€3,660 | -€3,660 | |
| Amounts payable | 17/49 | €227,199 | €141,309 | -€85,890 | -37.8% |
| Amounts payable after more than one year | 17 | €51,502 | €28,031 | -€23,472 | -45.6% |
| Financial debts | 170/4 | €51,502 | €28,031 | -€23,472 | -45.6% |
| Amounts payable within one year | 42/48 | €175,634 | €113,279 | -€62,356 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €31,092 | €23,472 | -€7,621 | -24.5% |
| Trade debts | 44 | €3,217 | €2,164 | -€1,053 | -32.7% |
| Suppliers | 440/4 | €3,217 | €2,164 | -€1,053 | -32.7% |
| Taxes, remuneration and social security | 45 | €9,165 | €7,758 | -€1,407 | -15.3% |
| Taxes | 450/3 | €9,165 | €7,758 | -€1,407 | -15.3% |
| Other amounts payable | 47/48 | €132,159 | €79,884 | -€52,275 | -39.6% |
| Accrued charges and deferred income | 492/3 | €63 | - | -€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,000 | €16,860 | -€2,141 | -11.3% |
| Other operating charges | 640/8 | €11,237 | €10,042 | -€1,195 | -10.6% |
| Gross operating margin | 9900 | €43,356 | €26,280 | -€17,076 | -39.4% |
| Operating profit (loss) | 9901 | €13,118 | -€622 | -€13,740 | |
| Financial income | 75/76B | - | €1,449 | +€1,449 | |
| Recurring financial income | 75 | - | €1,449 | +€1,449 | |
| Financial charges | 65/66B | €4,368 | €3,331 | -€1,038 | -23.8% |
| Recurring financial charges | 65 | €4,368 | €3,331 | -€1,038 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €8,750 | -€2,504 | -€11,254 | |
| Income taxes | 67/77 | €4,078 | €1,156 | -€2,922 | -71.6% |
| Profit (loss) for the period | 9904 | €4,672 | -€3,660 | -€8,332 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,672 | -€3,660 | -€8,332 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.