IMMO MANSART: 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.
IMMO MANSART
Largest movements
- Receivables within one year +€165,463
up €165,463 (+303%), from €54,651 to €220,114
of which Trade receivables: +€160,548
- Tangible fixed assets -€48,618
down €48,618 (-30.2%), from €160,987 to €112,369
of which Plant, machinery and equipment: -€68,009
- Cash -€13,379
down €13,379 (-3.9%), from €340,684 to €327,305
mainly Receivables within one year (-€165,463) and Contributions, distributions and other (-€74,495)
- Other debts +€74,495
new in 2025: €74,495
- Debts after one year +€11,637
up €11,637 (+35.0%), from €33,206 to €44,843
- Tax, wage and social debts +€9,560
up €9,560 (+23.6%), from €40,434 to €49,994
of which Taxes: +€10,810
- Reserves +€7,653
up €7,653 (+3.0%), from €255,727 to €263,381
- Purchases and services +€150,134
up €150,134 (+265%), from €56,581 to €206,715
- Turnover +€110,220
up €110,220 (+39.2%), from €281,346 to €391,566
- Gross operating margin -€22,053
down €22,053 (-8.7%), from €254,116 to €232,063
- Taxes -€11,086
down €11,086 (-22.2%), from €50,036 to €38,949
- Staff costs +€4,249
up €4,249 (+8.2%), from €51,510 to €55,759
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 | €557,293 | €660,899 | +€103,606 | +18.6% |
| Fixed assets | 21/28 | €160,987 | €112,369 | -€48,618 | -30.2% |
| Tangible fixed assets | 22/27 | €160,987 | €112,369 | -€48,618 | -30.2% |
| Plant, machinery and equipment | 23 | €93,430 | €25,421 | -€68,009 | -72.8% |
| Furniture and vehicles | 24 | €67,557 | €86,948 | +€19,391 | +28.7% |
| Current assets | 29/58 | €396,306 | €548,530 | +€152,224 | +38.4% |
| Amounts receivable within one year | 40/41 | €54,651 | €220,114 | +€165,463 | +303% |
| Trade receivables | 40 | €35,672 | €196,220 | +€160,548 | +450% |
| Other amounts receivable | 41 | €18,978 | €23,894 | +€4,915 | +25.9% |
| Cash at bank and in hand | 54/58 | €340,684 | €327,305 | -€13,379 | -3.9% |
| Deferred charges and accrued income | 490/1 | €971 | €1,111 | +€140 | +14.4% |
| Total equity and liabilities | 10/49 | €557,293 | €660,899 | +€103,606 | +18.6% |
| Equity | 10/15 | €462,407 | €470,061 | +€7,653 | +1.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €255,727 | €263,381 | +€7,653 | +3.0% |
| Distributable reserves | 133 | €255,727 | €263,381 | +€7,653 | +3.0% |
| Profit (loss) carried forward | 14 | -€93,320 | -€93,320 | = | 0.0% |
| Amounts payable | 17/49 | €94,886 | €190,838 | +€95,953 | +101% |
| Amounts payable after more than one year | 17 | €33,206 | €44,843 | +€11,637 | +35.0% |
| Financial debts | 170/4 | €33,206 | €44,843 | +€11,637 | +35.0% |
| Amounts payable within one year | 42/48 | €61,680 | €145,995 | +€84,315 | +137% |
| Current portion of amounts payable after more than one year | 42 | €20,466 | €20,264 | -€203 | -1.0% |
| Trade debts | 44 | €779 | €1,243 | +€463 | +59.4% |
| Suppliers | 440/4 | €779 | €1,243 | +€463 | +59.4% |
| Taxes, remuneration and social security | 45 | €40,434 | €49,994 | +€9,560 | +23.6% |
| Taxes | 450/3 | €29,285 | €40,095 | +€10,810 | +36.9% |
| Remuneration and social security | 454/9 | €11,149 | €9,899 | -€1,250 | -11.2% |
| Other amounts payable | 47/48 | - | €74,495 | +€74,495 | |
| Turnover | 70 | €281,346 | €391,566 | +€110,220 | +39.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €56,581 | €206,715 | +€150,134 | +265% |
| Remuneration, social security and pensions | 62 | €51,510 | €55,759 | +€4,249 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,486 | €25,636 | -€1,849 | -6.7% |
| Other operating charges | 640/8 | €1,388 | €2,624 | +€1,236 | +89.0% |
| Non-recurring operating charges | 66A | - | €29,141 | +€29,141 | |
| Gross operating margin | 9900 | €254,116 | €232,063 | -€22,053 | -8.7% |
| Operating profit (loss) | 9901 | €173,732 | €118,903 | -€54,829 | -31.6% |
| Financial income | 75/76B | €1,607 | €4,626 | +€3,018 | +188% |
| Recurring financial income | 75 | €1,607 | €4,626 | +€3,018 | +188% |
| Financial charges | 65/66B | €3,005 | €2,431 | -€573 | -19.1% |
| Recurring financial charges | 65 | €3,005 | €2,431 | -€573 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €172,335 | €121,098 | -€51,237 | -29.7% |
| Income taxes | 67/77 | €50,036 | €38,949 | -€11,086 | -22.2% |
| Profit (loss) for the period | 9904 | €122,300 | €82,148 | -€40,151 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €122,300 | €82,148 | -€40,151 | -32.8% |
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 14 October 2026 via checked.be.