Maanvos: what changed
Two fiscal 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.
Maanvos
Largest movements
- Tangible fixed assets -€67,568
down €67,568 (-3.9%), from €1.7m to €1.7m
of which Land and buildings: -€62,597
- Cash +€31,298
up €31,298 (+164.9%), from €18,977 to €50,274
mainly Depreciation (+€68,533) and Receivables within one year (+€13,830)
- Debts after one year -€67,216
down €67,216 (-8.1%), from €832,277 to €765,061
- Gross operating margin -€28,683
down €28,683 (-20.3%), from €141,262 to €112,579
- Taxes +€7,615
up €7,615 (+185.1%), from €4,115 to €11,730
- Financial charges -€6,395
down €6,395 (-37.6%), from €17,001 to €10,606
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.
Cash bridge derived
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 | €1,788,460 | €1,738,360 | -€50,100 | -2.8% |
| Fixed assets | 21/28 | €1,746,498 | €1,678,929 | -€67,568 | -3.9% |
| Tangible fixed assets | 22/27 | €1,746,498 | €1,678,929 | -€67,568 | -3.9% |
| Land and buildings | 22 | €1,707,090 | €1,644,494 | -€62,597 | -3.7% |
| Furniture and vehicles | 24 | €39,407 | €34,436 | -€4,972 | -12.6% |
| Current assets | 29/58 | €41,962 | €59,430 | +€17,468 | +41.6% |
| Amounts receivable within one year | 40/41 | €22,985 | €9,156 | -€13,830 | -60.2% |
| Trade receivables | 40 | €12,100 | €0 | -€12,100 | -100.0% |
| Other amounts receivable | 41 | €10,885 | €9,156 | -€1,730 | -15.9% |
| Cash at bank and in hand | 54/58 | €18,977 | €50,274 | +€31,298 | +164.9% |
| Total equity and liabilities | 10/49 | €1,788,460 | €1,738,360 | -€50,100 | -2.8% |
| Equity | 10/15 | €330,396 | €342,055 | +€11,659 | +3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €324,196 | €335,855 | +€11,659 | +3.6% |
| Amounts payable | 17/49 | €1,458,064 | €1,396,305 | -€61,759 | -4.2% |
| Amounts payable after more than one year | 17 | €832,277 | €765,061 | -€67,216 | -8.1% |
| Financial debts | 170/4 | €832,277 | €765,061 | -€67,216 | -8.1% |
| Amounts payable within one year | 42/48 | €603,700 | €618,044 | +€14,344 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €66,410 | €67,212 | +€802 | +1.2% |
| Trade debts | 44 | €1,010 | €5,493 | +€4,483 | +443.7% |
| Suppliers | 440/4 | €1,010 | €5,493 | +€4,483 | +443.7% |
| Taxes, remuneration and social security | 45 | €6,066 | €5,840 | -€227 | -3.7% |
| Taxes | 450/3 | €6,066 | €5,840 | -€227 | -3.7% |
| Other amounts payable | 47/48 | €530,214 | €539,499 | +€9,286 | +1.8% |
| Accrued charges and deferred income | 492/3 | €22,087 | €13,199 | -€8,888 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,077 | €68,533 | +€456 | +0.7% |
| Other operating charges | 640/8 | €9,455 | €10,051 | +€596 | +6.3% |
| Gross operating margin | 9900 | €141,262 | €112,579 | -€28,683 | -20.3% |
| Operating profit (loss) | 9901 | €63,729 | €33,995 | -€29,735 | -46.7% |
| Financial charges | 65/66B | €17,001 | €10,606 | -€6,395 | -37.6% |
| Recurring financial charges | 65 | €17,001 | €10,606 | -€6,395 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €46,729 | €23,389 | -€23,340 | -49.9% |
| Income taxes | 67/77 | €4,115 | €11,730 | +€7,615 | +185.1% |
| Profit (loss) for the period | 9904 | €42,614 | €11,659 | -€30,955 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,614 | €11,659 | -€30,955 | -72.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.