Le Manuscrit: 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 Manuscrit
Largest movements
- Cash +€5,071
up €5,071 (+105%), from €4,823 to €9,894
mainly Net result for the year (+€10,541) and Trade debts (+€6,315)
- Tangible fixed assets -€3,635
down €3,635 (-4.9%), from €74,822 to €71,187
of which Other tangible fixed assets: -€4,074
- Other debts -€12,628
down €12,628 (-58.5%), from €21,573 to €8,946
- Profit (loss) carried forward +€10,541
up €10,541 (+84.8%), from €12,431 to €22,972
- Debts after one year -€9,041
down €9,041 (-13.1%), from €69,045 to €60,003
- Trade debts +€6,315
up €6,315 (+16.3%), from €38,820 to €45,135
- Tax, wage and social debts +€5,635
up €5,635 (+757%), from €745 to €6,380
of which Taxes: +€4,135
- Gross operating margin +€4,902
up €4,902 (+15.4%), from €31,783 to €36,686
- Depreciation -€4,060
down €4,060 (-43.8%), from €9,267 to €5,207
- Financial charges +€1,929
up €1,929 (+37.5%), from €5,141 to €7,070
of which Financial charges: +€967
- Taxes +€1,435
up €1,435 (+193%), from €745 to €2,180
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 | €151,278 | €152,478 | +€1,200 | +0.8% |
| Fixed assets | 21/28 | €74,822 | €71,187 | -€3,635 | -4.9% |
| Tangible fixed assets | 22/27 | €74,822 | €71,187 | -€3,635 | -4.9% |
| Furniture and vehicles | 24 | €2,379 | €2,818 | +€439 | +18.4% |
| Other tangible fixed assets | 26 | €72,443 | €68,369 | -€4,074 | -5.6% |
| Current assets | 29/58 | €76,456 | €81,291 | +€4,835 | +6.3% |
| Stocks and contracts in progress | 3 | €65,810 | €66,131 | +€321 | +0.5% |
| Stocks | 30/36 | €65,810 | €66,131 | +€321 | +0.5% |
| Amounts receivable within one year | 40/41 | €5,705 | €5,145 | -€560 | -9.8% |
| Trade receivables | 40 | €4,370 | €3,250 | -€1,120 | -25.6% |
| Other amounts receivable | 41 | €1,334 | €1,895 | +€561 | +42.0% |
| Cash at bank and in hand | 54/58 | €4,823 | €9,894 | +€5,071 | +105% |
| Deferred charges and accrued income | 490/1 | €118 | €121 | +€3 | +2.2% |
| Total equity and liabilities | 10/49 | €151,278 | €152,478 | +€1,200 | +0.8% |
| Equity | 10/15 | €12,432 | €22,973 | +€10,541 | +84.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,431 | €22,972 | +€10,541 | +84.8% |
| Amounts payable | 17/49 | €138,846 | €129,505 | -€9,341 | -6.7% |
| Amounts payable after more than one year | 17 | €69,045 | €60,003 | -€9,041 | -13.1% |
| Financial debts | 170/4 | €69,045 | €60,003 | -€9,041 | -13.1% |
| Amounts payable within one year | 42/48 | €69,801 | €69,502 | -€300 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €8,663 | €9,041 | +€378 | +4.4% |
| Trade debts | 44 | €38,820 | €45,135 | +€6,315 | +16.3% |
| Suppliers | 440/4 | €38,820 | €45,135 | +€6,315 | +16.3% |
| Taxes, remuneration and social security | 45 | €745 | €6,380 | +€5,635 | +757% |
| Taxes | 450/3 | €745 | €4,880 | +€4,135 | +555% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €21,573 | €8,946 | -€12,628 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,267 | €5,207 | -€4,060 | -43.8% |
| Other operating charges | 640/8 | €709 | €732 | +€23 | +3.2% |
| Non-recurring operating charges | 66A | - | €10,956 | +€10,956 | |
| Gross operating margin | 9900 | €31,783 | €36,686 | +€4,902 | +15.4% |
| Operating profit (loss) | 9901 | €21,807 | €19,791 | -€2,016 | -9.2% |
| Financial charges | 65/66B | €5,141 | €7,070 | +€1,929 | +37.5% |
| Recurring financial charges | 65 | €5,141 | €6,108 | +€967 | +18.8% |
| Non-recurring financial charges | 66B | - | €961 | +€961 | |
| Profit (loss) for the period before taxes | 9903 | €16,665 | €12,721 | -€3,945 | -23.7% |
| Income taxes | 67/77 | €745 | €2,180 | +€1,435 | +193% |
| Profit (loss) for the period | 9904 | €15,921 | €10,541 | -€5,380 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,921 | €10,541 | -€5,380 | -33.8% |
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 18 October 2026 via checked.be.