le Man'Ouché: 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.
le Man'Ouché
Largest movements
- Receivables within one year +€6,405
up €6,405 (+99.7%), from €6,421 to €12,826
of which Other amounts receivable: +€9,043
- Stocks and contracts +€2,783
up €2,783 (+170%), from €1,638 to €4,421
- Cash -€1,879
down €1,879 (-2.8%), from €67,480 to €65,601
mainly Short-term financial debts (-€15,000) and Debts after one year (-€6,885)
- Reserves +€22,116
new in 2025: €22,116
- Short-term financial debts -€15,000
no longer reported in 2025 (was €15,000)
- Debts after one year -€6,885
down €6,885 (-74.4%), from €9,257 to €2,372
- Tax, wage and social debts +€6,085
up €6,085 (+67.0%), from €9,076 to €15,160
of which Remuneration and social security: +€8,876
- Other debts +€1,644
up €1,644 (+18.3%), from €8,964 to €10,609
- Staff costs +€60,481
up €60,481 (+290%), from €20,852 to €81,333
- Gross operating margin +€43,056
up €43,056 (+54.8%), from €78,508 to €121,563
- Depreciation +€4,212
up €4,212 (+217%), from €1,942 to €6,154
- Taxes -€3,499
down €3,499 (-34.4%), from €10,158 to €6,659
- Other operating charges +€2,490
up €2,490 (+267%), from €932 to €3,423
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 | €104,615 | €111,273 | +€6,658 | +6.4% |
| Fixed assets | 21/28 | €29,005 | €28,425 | -€580 | -2.0% |
| Tangible fixed assets | 22/27 | €29,005 | €28,425 | -€580 | -2.0% |
| Plant, machinery and equipment | 23 | €11,725 | €11,752 | +€27 | +0.2% |
| Furniture and vehicles | 24 | €10,157 | €10,379 | +€221 | +2.2% |
| Other tangible fixed assets | 26 | €7,123 | €6,294 | -€828 | -11.6% |
| Current assets | 29/58 | €75,610 | €82,848 | +€7,238 | +9.6% |
| Stocks and contracts in progress | 3 | €1,638 | €4,421 | +€2,783 | +170% |
| Stocks | 30/36 | €1,638 | €4,421 | +€2,783 | +170% |
| Amounts receivable within one year | 40/41 | €6,421 | €12,826 | +€6,405 | +99.7% |
| Trade receivables | 40 | €6,421 | €3,783 | -€2,638 | -41.1% |
| Other amounts receivable | 41 | - | €9,043 | +€9,043 | |
| Cash at bank and in hand | 54/58 | €67,480 | €65,601 | -€1,879 | -2.8% |
| Deferred charges and accrued income | 490/1 | €71 | - | -€71 | |
| Total equity and liabilities | 10/49 | €104,615 | €111,273 | +€6,658 | +6.4% |
| Equity | 10/15 | €47,182 | €69,298 | +€22,116 | +46.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €22,116 | +€22,116 | |
| Distributable reserves | 133 | - | €22,116 | +€22,116 | |
| Profit (loss) carried forward | 14 | €42,182 | €42,182 | = | 0.0% |
| Amounts payable | 17/49 | €57,433 | €41,975 | -€15,458 | -26.9% |
| Amounts payable after more than one year | 17 | €9,257 | €2,372 | -€6,885 | -74.4% |
| Financial debts | 170/4 | €9,257 | €2,372 | -€6,885 | -74.4% |
| Amounts payable within one year | 42/48 | €47,399 | €39,603 | -€7,795 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €6,552 | €6,885 | +€333 | +5.1% |
| Financial debts | 43 | €15,000 | - | -€15,000 | |
| Other loans | 439 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €7,807 | €6,949 | -€858 | -11.0% |
| Suppliers | 440/4 | €7,807 | €6,949 | -€858 | -11.0% |
| Taxes, remuneration and social security | 45 | €9,076 | €15,160 | +€6,085 | +67.0% |
| Taxes | 450/3 | €6,700 | €3,909 | -€2,791 | -41.7% |
| Remuneration and social security | 454/9 | €2,375 | €11,251 | +€8,876 | +374% |
| Other amounts payable | 47/48 | €8,964 | €10,609 | +€1,644 | +18.3% |
| Accrued charges and deferred income | 492/3 | €778 | - | -€778 | |
| Remuneration, social security and pensions | 62 | €20,852 | €81,333 | +€60,481 | +290% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,942 | €6,154 | +€4,212 | +217% |
| Other operating charges | 640/8 | €932 | €3,423 | +€2,490 | +267% |
| Gross operating margin | 9900 | €78,508 | €121,563 | +€43,056 | +54.8% |
| Operating profit (loss) | 9901 | €54,781 | €30,653 | -€24,128 | -44.0% |
| Financial income | 75/76B | €11 | €3 | -€8 | -70.1% |
| Recurring financial income | 75 | €11 | €3 | -€8 | -70.1% |
| Financial charges | 65/66B | €2,453 | €1,882 | -€571 | -23.3% |
| Recurring financial charges | 65 | €2,453 | €1,882 | -€571 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €52,340 | €28,775 | -€23,565 | -45.0% |
| Income taxes | 67/77 | €10,158 | €6,659 | -€3,499 | -34.4% |
| Profit (loss) for the period | 9904 | €42,182 | €22,116 | -€20,065 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,182 | €22,116 | -€20,065 | -47.6% |
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 13 October 2026 via checked.be.