LE MANNE: 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 MANNE
Largest movements
- Receivables within one year -€28,154
down €28,154 (-48.0%), from €58,601 to €30,448
of which Trade receivables: -€21,780
- Cash +€21,362
up €21,362 (+576%), from €3,709 to €25,071
mainly Net result for the year (+€48,642) and Receivables within one year (+€28,154)
- Receivables after one year -€20,000
down €20,000 (-72.7%), from €27,500 to €7,500
- Tangible fixed assets -€6,133
down €6,133 (-1.7%), from €368,612 to €362,478
of which Land and buildings: -€9,568
- Debts after one year -€18,878
down €18,878 (-5.7%), from €332,075 to €313,198
- Trade debts -€16,971
down €16,971 (-63.4%), from €26,772 to €9,801
- Tax, wage and social debts -€13,912
down €13,912 (-44.8%), from €31,054 to €17,142
- Other debts +€12,800
up €12,800 (+37.6%), from €34,000 to €46,800
- Profit (loss) carried forward +€8,642
up €8,642 (+72.7%), from €11,883 to €20,525
- Staff costs -€14,399
down €14,399 (-52.1%), from €27,658 to €13,259
- Gross operating margin +€7,361
up €7,361 (+7.7%), from €96,029 to €103,390
- Depreciation +€3,469
up €3,469 (+41.3%), from €8,408 to €11,877
- Taxes +€3,298
up €3,298 (+35.5%), from €9,297 to €12,595
- Financial charges +€1,322
up €1,322 (+9.1%), from €14,603 to €15,925
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 | €459,130 | €426,343 | -€32,786 | -7.1% |
| Fixed assets | 21/28 | €368,612 | €362,478 | -€6,133 | -1.7% |
| Tangible fixed assets | 22/27 | €368,612 | €362,478 | -€6,133 | -1.7% |
| Land and buildings | 22 | €350,584 | €341,016 | -€9,568 | -2.7% |
| Plant, machinery and equipment | 23 | €17,799 | €21,463 | +€3,663 | +20.6% |
| Furniture and vehicles | 24 | €229 | - | -€229 | |
| Current assets | 29/58 | €90,518 | €63,865 | -€26,653 | -29.4% |
| Amounts receivable after more than one year | 29 | €27,500 | €7,500 | -€20,000 | -72.7% |
| Trade receivables | 290 | €27,500 | €7,500 | -€20,000 | -72.7% |
| Amounts receivable within one year | 40/41 | €58,601 | €30,448 | -€28,154 | -48.0% |
| Trade receivables | 40 | €21,780 | - | -€21,780 | |
| Other amounts receivable | 41 | €36,821 | €30,448 | -€6,374 | -17.3% |
| Cash at bank and in hand | 54/58 | €3,709 | €25,071 | +€21,362 | +576% |
| Deferred charges and accrued income | 490/1 | €708 | €847 | +€138 | +19.6% |
| Total equity and liabilities | 10/49 | €459,130 | €426,343 | -€32,786 | -7.1% |
| Equity | 10/15 | €11,883 | €20,525 | +€8,642 | +72.7% |
| Profit (loss) carried forward | 14 | €11,883 | €20,525 | +€8,642 | +72.7% |
| Amounts payable | 17/49 | €447,247 | €405,818 | -€41,428 | -9.3% |
| Amounts payable after more than one year | 17 | €332,075 | €313,198 | -€18,878 | -5.7% |
| Financial debts | 170/4 | €332,075 | €313,198 | -€18,878 | -5.7% |
| Amounts payable within one year | 42/48 | €115,171 | €92,621 | -€22,551 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €23,345 | €18,878 | -€4,468 | -19.1% |
| Trade debts | 44 | €26,772 | €9,801 | -€16,971 | -63.4% |
| Suppliers | 440/4 | €26,772 | €9,801 | -€16,971 | -63.4% |
| Taxes, remuneration and social security | 45 | €31,054 | €17,142 | -€13,912 | -44.8% |
| Taxes | 450/3 | €31,054 | €17,142 | -€13,912 | -44.8% |
| Other amounts payable | 47/48 | €34,000 | €46,800 | +€12,800 | +37.6% |
| Remuneration, social security and pensions | 62 | €27,658 | €13,259 | -€14,399 | -52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,408 | €11,877 | +€3,469 | +41.3% |
| Other operating charges | 640/8 | €983 | €1,092 | +€109 | +11.1% |
| Gross operating margin | 9900 | €96,029 | €103,390 | +€7,361 | +7.7% |
| Operating profit (loss) | 9901 | €58,981 | €77,162 | +€18,181 | +30.8% |
| Financial charges | 65/66B | €14,603 | €15,925 | +€1,322 | +9.1% |
| Recurring financial charges | 65 | €14,603 | €15,925 | +€1,322 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €44,378 | €61,237 | +€16,858 | +38.0% |
| Income taxes | 67/77 | €9,297 | €12,595 | +€3,298 | +35.5% |
| Profit (loss) for the period | 9904 | €35,082 | €48,642 | +€13,560 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,082 | €48,642 | +€13,560 | +38.7% |
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 16 October 2026 via checked.be.