La Manivelle: 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.
What changed
La Manivelle
NACE 86.220, Specialist medical practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€139
2024 · €398-€259
Equity
€371,572
2024 · €371,432+€139
Cash
€383,352
2024 · €411,694-€28,342
Balance sheet total
€2.1m
2024 · €2.0m+€78,797
Largest movements
Assets
- Current investments +€175,000
up €175,000 (+46.4%), from €377,132 to €552,132
- Receivables within one year -€33,391
down €33,391 (-16.5%), from €202,243 to €168,852
of which Other amounts receivable: -€28,065
- Cash -€28,342
down €28,342 (-6.9%), from €411,694 to €383,352
mainly Current investments (-€175,000) and Debts after one year (-€61,230)
Equity and liabilities
- Provisions +€154,700
up €154,700 (+32.9%), from €470,600 to €625,300
- Debts after one year -€61,230
down €61,230 (-7.4%), from €831,551 to €770,321
Income statement
- Staff costs +€82,330
up €82,330 (+5.4%), from €1.5m to €1.6m
- Gross operating margin +€45,862
up €45,862 (+2.5%), from €1.8m to €1.9m
- Turnover +€36,073
up €36,073 (+2.0%), from €1.8m to €1.9m
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.
Result 2024
€398
Gross operating margin
+€45,862
Staff costs
-€82,330
Depreciation
+€4,584
Other operating charges
-€4,171
Other operating items
+€32,600
Financial income
+€4,023
Financial charges
-€828
Result 2025
€139
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€245,636
Investment
-€212,748
Financing
-€61,230
Cash 2024
€411,694
From operations (derived)
+€245,636
Net result for the year
+€139
Depreciation
+€58,703
Receivables within one year
+€33,391
Deferred charges and accrued income
+€13,515
Provisions
+€154,700
Debts within one year
+€4,357
Accrued charges and deferred income
-€19,169
Investment (derived)
-€212,748
Investment in fixed assets (net)
-€37,748
Current investments
-€175,000
Financing
-€61,230
Debts after one year
-€61,230
Cash 2025
€383,352
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,019,754 | €2,098,551 | +€78,797 | +3.9% |
| Fixed assets | 21/28 | €1,004,799 | €983,844 | -€20,955 | -2.1% |
| Tangible fixed assets | 22/27 | €1,004,799 | €983,844 | -€20,955 | -2.1% |
| Land and buildings | 22 | €963,284 | €951,071 | -€12,213 | -1.3% |
| Plant, machinery and equipment | 23 | €24,223 | €21,322 | -€2,902 | -12.0% |
| Furniture and vehicles | 24 | €9,786 | €5,396 | -€4,390 | -44.9% |
| Other tangible fixed assets | 26 | €7,505 | €6,055 | -€1,450 | -19.3% |
| Current assets | 29/58 | €1,014,955 | €1,114,707 | +€99,752 | +9.8% |
| Amounts receivable within one year | 40/41 | €202,243 | €168,852 | -€33,391 | -16.5% |
| Trade receivables | 40 | €164,490 | €159,163 | -€5,326 | -3.2% |
| Other amounts receivable | 41 | €37,754 | €9,689 | -€28,065 | -74.3% |
| Current investments | 50/53 | €377,132 | €552,132 | +€175,000 | +46.4% |
| Cash at bank and in hand | 54/58 | €411,694 | €383,352 | -€28,342 | -6.9% |
| Deferred charges and accrued income | 490/1 | €23,885 | €10,370 | -€13,515 | -56.6% |
| Total equity and liabilities | 10/49 | €2,019,754 | €2,098,551 | +€78,797 | +3.9% |
| Equity | 10/15 | €371,432 | €371,572 | +€139 | 0.0% |
| Reserves | 13 | €205,645 | €205,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,788 | €165,927 | +€139 | +0.1% |
| Provisions and deferred taxes | 16 | €470,600 | €625,300 | +€154,700 | +32.9% |
| Provisions for liabilities and charges | 160/5 | €470,600 | €625,300 | +€154,700 | +32.9% |
| Major repairs and maintenance | 162 | €373,200 | €520,200 | +€147,000 | +39.4% |
| Other liabilities and charges | 164/5 | €97,400 | €105,100 | +€7,700 | +7.9% |
| Amounts payable | 17/49 | €1,177,721 | €1,101,679 | -€76,042 | -6.5% |
| Amounts payable after more than one year | 17 | €831,551 | €770,321 | -€61,230 | -7.4% |
| Financial debts | 170/4 | €831,551 | €770,321 | -€61,230 | -7.4% |
| Amounts payable within one year | 42/48 | €315,596 | €319,953 | +€4,357 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €57,817 | €61,230 | +€3,412 | +5.9% |
| Trade debts | 44 | €8,681 | €18,444 | +€9,763 | +112% |
| Suppliers | 440/4 | €8,681 | €18,444 | +€9,763 | +112% |
| Taxes, remuneration and social security | 45 | €248,501 | €239,383 | -€9,118 | -3.7% |
| Taxes | 450/3 | €37,294 | €38,373 | +€1,079 | +2.9% |
| Remuneration and social security | 454/9 | €211,207 | €201,009 | -€10,198 | -4.8% |
| Accrued charges and deferred income | 492/3 | €30,574 | €11,405 | -€19,169 | -62.7% |
| Turnover | 70 | €1,839,345 | €1,875,418 | +€36,073 | +2.0% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €222,161 | €223,761 | +€1,600 | +0.7% |
| Remuneration, social security and pensions | 62 | €1,532,062 | €1,614,392 | +€82,330 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,287 | €58,703 | -€4,584 | -7.2% |
| Other operating charges | 640/8 | €5,749 | €9,919 | +€4,171 | +72.6% |
| Non-recurring operating charges | 66A | €900 | - | -€900 | |
| Gross operating margin | 9900 | €1,820,374 | €1,866,236 | +€45,862 | +2.5% |
| Operating profit (loss) | 9901 | €31,975 | €28,521 | -€3,454 | -10.8% |
| Financial income | 75/76B | €253 | €4,276 | +€4,023 | +1,592% |
| Recurring financial income | 75 | €253 | €4,276 | +€4,023 | +1,592% |
| Financial charges | 65/66B | €31,830 | €32,658 | +€828 | +2.6% |
| Recurring financial charges | 65 | €31,520 | €32,511 | +€991 | +3.1% |
| Non-recurring financial charges | 66B | €310 | €147 | -€163 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | €398 | €139 | -€259 | -65.0% |
| Profit (loss) for the period | 9904 | €398 | €139 | -€259 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €398 | €139 | -€259 | -65.0% |
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 26 October 2026 via checked.be.