L. MANCHUR: 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.
L. MANCHUR
Largest movements
- Receivables within one year +€46,840
up €46,840 (+122%), from €38,448 to €85,288
of which Other amounts receivable: +€31,958
- Cash -€24,899
down €24,899 (-36.7%), from €67,840 to €42,941
mainly Contributions, distributions and other (-€60,000) and Receivables within one year (-€46,840)
- Tangible fixed assets -€2,508
down €2,508 (-61.5%), from €4,077 to €1,569
of which Furniture and vehicles: -€2,202
- Other debts +€38,420
up €38,420 (+100%), from €38,354 to €76,774
- Profit (loss) carried forward -€22,680
down €22,680 (-81.9%), from €27,692 to €5,012
- Tax, wage and social debts +€5,612
up €5,612 (+24.4%), from €23,007 to €28,620
- Trade debts -€2,224
down €2,224 (-81.3%), from €2,737 to €512
- Gross operating margin -€10,904
down €10,904 (-16.7%), from €65,375 to €54,471
- Taxes -€4,486
down €4,486 (-29.1%), from €15,428 to €10,942
- Depreciation -€1,788
down €1,788 (-41.6%), from €4,296 to €2,508
- Financial income +€1,283
up €1,283 (+943%), from €136 to €1,419
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,670 | €129,798 | +€19,128 | +17.3% |
| Fixed assets | 21/28 | €4,077 | €1,569 | -€2,508 | -61.5% |
| Tangible fixed assets | 22/27 | €4,077 | €1,569 | -€2,508 | -61.5% |
| Furniture and vehicles | 24 | €3,771 | €1,569 | -€2,202 | -58.4% |
| Other tangible fixed assets | 26 | €306 | €0 | -€306 | -99.9% |
| Current assets | 29/58 | €106,593 | €128,229 | +€21,636 | +20.3% |
| Amounts receivable within one year | 40/41 | €38,448 | €85,288 | +€46,840 | +122% |
| Trade receivables | 40 | €29,203 | €44,084 | +€14,882 | +51.0% |
| Other amounts receivable | 41 | €9,245 | €41,203 | +€31,958 | +346% |
| Cash at bank and in hand | 54/58 | €67,840 | €42,941 | -€24,899 | -36.7% |
| Deferred charges and accrued income | 490/1 | €305 | - | -€305 | |
| Total equity and liabilities | 10/49 | €110,670 | €129,798 | +€19,128 | +17.3% |
| Equity | 10/15 | €46,572 | €23,892 | -€22,680 | -48.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €280 | €280 | = | 0.0% |
| Distributable reserves | 133 | €280 | €280 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,692 | €5,012 | -€22,680 | -81.9% |
| Amounts payable | 17/49 | €64,098 | €105,906 | +€41,808 | +65.2% |
| Amounts payable within one year | 42/48 | €64,098 | €105,906 | +€41,808 | +65.2% |
| Trade debts | 44 | €2,737 | €512 | -€2,224 | -81.3% |
| Suppliers | 440/4 | €2,737 | €512 | -€2,224 | -81.3% |
| Taxes, remuneration and social security | 45 | €23,007 | €28,620 | +€5,612 | +24.4% |
| Taxes | 450/3 | €23,007 | €28,620 | +€5,612 | +24.4% |
| Other amounts payable | 47/48 | €38,354 | €76,774 | +€38,420 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,296 | €2,508 | -€1,788 | -41.6% |
| Other operating charges | 640/8 | €743 | €771 | +€28 | +3.8% |
| Gross operating margin | 9900 | €65,375 | €54,471 | -€10,904 | -16.7% |
| Operating profit (loss) | 9901 | €60,337 | €51,192 | -€9,145 | -15.2% |
| Financial income | 75/76B | €136 | €1,419 | +€1,283 | +943% |
| Recurring financial income | 75 | €136 | €1,419 | +€1,283 | +943% |
| Financial charges | 65/66B | €4,484 | €4,349 | -€135 | -3.0% |
| Recurring financial charges | 65 | €4,484 | €4,349 | -€135 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €55,989 | €48,262 | -€7,727 | -13.8% |
| Income taxes | 67/77 | €15,428 | €10,942 | -€4,486 | -29.1% |
| Profit (loss) for the period | 9904 | €40,561 | €37,320 | -€3,241 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,561 | €37,320 | -€3,241 | -8.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.