FRANK SIMONS MANNENMODE: 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 SIMONS MANNENMODE
Largest movements
- Stocks and contracts +€8,529
up €8,529 (+6.7%), from €127,275 to €135,804
- Cash +€2,992
up €2,992 (+3.8%), from €79,176 to €82,168
mainly Tax, wage and social debts (+€5,743) and Depreciation (+€3,518)
- Tax, wage and social debts +€5,743
up €5,743 (+27.9%), from €20,593 to €26,337
- Short-term financial debts +€2,916
up €2,916 (+8.6%), from €34,067 to €36,984
- Reserves +€2,623
up €2,623 (+22.2%), from €11,801 to €14,425
- Financial charges -€27,088
down €27,088 (-79.9%), from €33,890 to €6,802
of which Non-recurring financial charges: -€26,573
- Taxes +€5,434
up €5,434 (+204%), from €2,662 to €8,096
- Gross operating margin +€4,202
up €4,202 (+23.8%), from €17,691 to €21,893
- Financial income -€1,633
down €1,633 (-34.0%), from €4,795 to €3,162
- Other operating charges +€242
up €242 (+6.4%), from €3,774 to €4,016
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 | €232,058 | €242,689 | +€10,631 | +4.6% |
| Fixed assets | 21/28 | €23,740 | €21,814 | -€1,926 | -8.1% |
| Tangible fixed assets | 22/27 | €23,740 | €21,814 | -€1,926 | -8.1% |
| Land and buildings | 22 | €23,740 | €20,350 | -€3,389 | -14.3% |
| Furniture and vehicles | 24 | - | €1,463 | +€1,463 | |
| Current assets | 29/58 | €208,318 | €220,875 | +€12,556 | +6.0% |
| Stocks and contracts in progress | 3 | €127,275 | €135,804 | +€8,529 | +6.7% |
| Stocks | 30/36 | €127,275 | €135,804 | +€8,529 | +6.7% |
| Amounts receivable within one year | 40/41 | €94 | €1 | -€93 | -98.9% |
| Other amounts receivable | 41 | €94 | €1 | -€93 | -98.9% |
| Cash at bank and in hand | 54/58 | €79,176 | €82,168 | +€2,992 | +3.8% |
| Deferred charges and accrued income | 490/1 | €1,774 | €2,902 | +€1,128 | +63.6% |
| Total equity and liabilities | 10/49 | €232,058 | €242,689 | +€10,631 | +4.6% |
| Equity | 10/15 | €121,476 | €124,100 | +€2,623 | +2.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €11,801 | €14,425 | +€2,623 | +22.2% |
| Distributable reserves | 133 | €11,801 | €14,425 | +€2,623 | +22.2% |
| Profit (loss) carried forward | 14 | €39,675 | €39,675 | = | 0.0% |
| Amounts payable | 17/49 | €110,582 | €118,589 | +€8,007 | +7.2% |
| Amounts payable within one year | 42/48 | €107,392 | €116,846 | +€9,454 | +8.8% |
| Financial debts | 43 | €34,067 | €36,984 | +€2,916 | +8.6% |
| Credit institutions | 430/8 | €34,067 | €36,984 | +€2,916 | +8.6% |
| Trade debts | 44 | €2,950 | €3,749 | +€799 | +27.1% |
| Suppliers | 440/4 | €2,950 | €3,749 | +€799 | +27.1% |
| Taxes, remuneration and social security | 45 | €20,593 | €26,337 | +€5,743 | +27.9% |
| Taxes | 450/3 | €20,593 | €26,337 | +€5,743 | +27.9% |
| Other amounts payable | 47/48 | €49,781 | €49,777 | -€4 | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,190 | €1,743 | -€1,447 | -45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,389 | €3,518 | +€129 | +3.8% |
| Other operating charges | 640/8 | €3,774 | €4,016 | +€242 | +6.4% |
| Gross operating margin | 9900 | €17,691 | €21,893 | +€4,202 | +23.8% |
| Operating profit (loss) | 9901 | €10,528 | €14,359 | +€3,831 | +36.4% |
| Financial income | 75/76B | €4,795 | €3,162 | -€1,633 | -34.0% |
| Recurring financial income | 75 | €4,795 | €3,162 | -€1,633 | -34.0% |
| Financial charges | 65/66B | €33,890 | €6,802 | -€27,088 | -79.9% |
| Recurring financial charges | 65 | €7,316 | €6,802 | -€515 | -7.0% |
| Non-recurring financial charges | 66B | €26,573 | - | -€26,573 | |
| Profit (loss) for the period before taxes | 9903 | -€18,567 | €10,719 | +€29,286 | |
| Income taxes | 67/77 | €2,662 | €8,096 | +€5,434 | +204% |
| Profit (loss) for the period | 9904 | -€21,229 | €2,623 | +€23,852 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,229 | €2,623 | +€23,852 |
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 24 October 2026 via checked.be.