man.age: 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.
man.age
Largest movements
- Tangible fixed assets -€7,552
down €7,552 (-43.3%), from €17,456 to €9,904
of which Leasing and similar rights: -€5,028
- Receivables within one year -€6,318
down €6,318 (-37.2%), from €16,994 to €10,675
of which Other amounts receivable: -€12,845
- Cash +€4,119
up €4,119 (+32.2%), from €12,790 to €16,909
mainly Net result for the year (+€18,223) and Receivables within one year (+€6,318)
- Debts after one year -€31,913
down €31,913 (-25.4%), from €125,828 to €93,915
- Reserves +€18,223
up €18,223 (+17.0%), from €107,237 to €125,460
- Short-term financial debts +€3,203
up €3,203 (+1,017%), from €315 to €3,518
- Financial income -€29,270
down €29,270 (-100.0%), from €29,273 to €3
- Gross operating margin +€20,575
up €20,575 (+116%), from €17,800 to €38,376
- Taxes +€4,530
up €4,530 (+225%), from €2,015 to €6,545
- Financial charges +€1,959
up €1,959 (+32.4%), from €6,041 to €8,001
- Depreciation -€1,548
down €1,548 (-23.5%), from €6,576 to €5,028
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 | €319,604 | €310,835 | -€8,770 | -2.7% |
| Fixed assets | 21/28 | €287,456 | €279,904 | -€7,552 | -2.6% |
| Tangible fixed assets | 22/27 | €17,456 | €9,904 | -€7,552 | -43.3% |
| Furniture and vehicles | 24 | €2,524 | €0 | -€2,524 | -100% |
| Leasing and similar rights | 25 | €14,932 | €9,904 | -€5,028 | -33.7% |
| Financial fixed assets | 28 | €270,000 | €270,000 | = | 0.0% |
| Current assets | 29/58 | €32,149 | €30,931 | -€1,218 | -3.8% |
| Amounts receivable within one year | 40/41 | €16,994 | €10,675 | -€6,318 | -37.2% |
| Trade receivables | 40 | €4,149 | €10,675 | +€6,526 | +157% |
| Other amounts receivable | 41 | €12,845 | €0 | -€12,845 | -100% |
| Cash at bank and in hand | 54/58 | €12,790 | €16,909 | +€4,119 | +32.2% |
| Deferred charges and accrued income | 490/1 | €2,365 | €3,347 | +€982 | +41.5% |
| Total equity and liabilities | 10/49 | €319,604 | €310,835 | -€8,770 | -2.7% |
| Equity | 10/15 | €111,237 | €129,460 | +€18,223 | +16.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €107,237 | €125,460 | +€18,223 | +17.0% |
| Distributable reserves | 133 | €107,237 | €125,460 | +€18,223 | +17.0% |
| Amounts payable | 17/49 | €208,367 | €181,375 | -€26,992 | -13.0% |
| Amounts payable after more than one year | 17 | €125,828 | €93,915 | -€31,913 | -25.4% |
| Financial debts | 170/4 | €125,828 | €93,915 | -€31,913 | -25.4% |
| Amounts payable within one year | 42/48 | €82,539 | €87,460 | +€4,921 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €31,450 | €31,913 | +€464 | +1.5% |
| Financial debts | 43 | €315 | €3,518 | +€3,203 | +1,017% |
| Credit institutions | 430/8 | €315 | €3,518 | +€3,203 | +1,017% |
| Trade debts | 44 | €1,330 | €854 | -€475 | -35.8% |
| Suppliers | 440/4 | €1,330 | €854 | -€475 | -35.8% |
| Taxes, remuneration and social security | 45 | €6,636 | €7,893 | +€1,257 | +18.9% |
| Taxes | 450/3 | €4,336 | €5,593 | +€1,257 | +29.0% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €42,808 | €43,281 | +€473 | +1.1% |
| Non-recurring operating income | 76A | - | €93 | +€93 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,576 | €5,028 | -€1,548 | -23.5% |
| Other operating charges | 640/8 | €505 | €583 | +€77 | +15.3% |
| Gross operating margin | 9900 | €17,800 | €38,376 | +€20,575 | +116% |
| Operating profit (loss) | 9901 | €10,719 | €32,765 | +€22,046 | +206% |
| Financial income | 75/76B | €29,273 | €3 | -€29,270 | -100.0% |
| Recurring financial income | 75 | €29,273 | €3 | -€29,270 | -100.0% |
| Financial charges | 65/66B | €6,041 | €8,001 | +€1,959 | +32.4% |
| Recurring financial charges | 65 | €6,041 | €8,001 | +€1,959 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €33,951 | €24,768 | -€9,183 | -27.0% |
| Income taxes | 67/77 | €2,015 | €6,545 | +€4,530 | +225% |
| Profit (loss) for the period | 9904 | €31,936 | €18,223 | -€13,713 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,936 | €18,223 | -€13,713 | -42.9% |
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 14 October 2026 via checked.be.