MAN CONSTRUCTING: 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 CONSTRUCTING
Largest movements
- Receivables within one year -€54,332
down €54,332 (-37.2%), from €145,911 to €91,579
of which Trade receivables: -€73,515
- Stocks and contracts +€9,906
new in 2025: €9,906
- Cash +€8,829
up €8,829 (+800%), from €1,103 to €9,932
mainly Receivables within one year (+€54,332) and Depreciation (+€593)
- Other debts -€19,755
down €19,755 (-91.1%), from €21,695 to €1,941
- Profit (loss) carried forward -€7,341
down €7,341 (-18.8%), from €39,065 to €31,723
- Trade debts -€6,653
down €6,653 (-13.3%), from €50,026 to €43,373
- Tax, wage and social debts -€2,069
down €2,069 (-58.4%), from €3,543 to €1,473
of which Taxes: -€2,069
- Turnover -€106,351
down €106,351 (-23.8%), from €446,608 to €340,257
- Purchases and services -€93,264
down €93,264 (-21.3%), from €437,679 to €344,415
- Gross operating margin -€14,946
down €14,946, from €10,936 to -€4,010
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 | €147,871 | €111,682 | -€36,190 | -24.5% |
| Fixed assets | 21/28 | €858 | €265 | -€593 | -69.1% |
| Tangible fixed assets | 22/27 | €858 | €265 | -€593 | -69.1% |
| Furniture and vehicles | 24 | €858 | €265 | -€593 | -69.1% |
| Current assets | 29/58 | €147,014 | €111,417 | -€35,597 | -24.2% |
| Stocks and contracts in progress | 3 | - | €9,906 | +€9,906 | |
| Stocks | 30/36 | - | €9,906 | +€9,906 | |
| Amounts receivable within one year | 40/41 | €145,911 | €91,579 | -€54,332 | -37.2% |
| Trade receivables | 40 | €145,911 | €72,395 | -€73,515 | -50.4% |
| Other amounts receivable | 41 | - | €19,183 | +€19,183 | |
| Cash at bank and in hand | 54/58 | €1,103 | €9,932 | +€8,829 | +800% |
| Total equity and liabilities | 10/49 | €147,871 | €111,682 | -€36,190 | -24.5% |
| Equity | 10/15 | €52,269 | €44,927 | -€7,341 | -14.0% |
| Contributions | 10/11 | €13,204 | €12,000 | -€1,204 | -9.1% |
| Contributions outside capital | 11 | €13,204 | €12,000 | -€1,204 | -9.1% |
| Other | 1109/19 | €13,204 | €12,000 | -€1,204 | -9.1% |
| Reserves | 13 | - | €1,204 | +€1,204 | |
| Non-distributable reserves | 130/1 | - | €1,204 | +€1,204 | |
| Legal reserve | 130 | - | €1,204 | +€1,204 | |
| Profit (loss) carried forward | 14 | €39,065 | €31,723 | -€7,341 | -18.8% |
| Amounts payable | 17/49 | €95,603 | €66,754 | -€28,848 | -30.2% |
| Amounts payable within one year | 42/48 | €95,603 | €66,754 | -€28,848 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €19,968 | €19,968 | = | 0.0% |
| Financial debts | 43 | €371 | - | -€371 | |
| Credit institutions | 430/8 | €371 | - | -€371 | |
| Trade debts | 44 | €50,026 | €43,373 | -€6,653 | -13.3% |
| Suppliers | 440/4 | €50,026 | €43,373 | -€6,653 | -13.3% |
| Taxes, remuneration and social security | 45 | €3,543 | €1,473 | -€2,069 | -58.4% |
| Taxes | 450/3 | €3,500 | €1,431 | -€2,069 | -59.1% |
| Remuneration and social security | 454/9 | €43 | €43 | = | 0.0% |
| Other amounts payable | 47/48 | €21,695 | €1,941 | -€19,755 | -91.1% |
| Turnover | 70 | €446,608 | €340,257 | -€106,351 | -23.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €437,679 | €344,415 | -€93,264 | -21.3% |
| Remuneration, social security and pensions | 62 | €133 | - | -€133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327 | €593 | +€265 | +81.0% |
| Other operating charges | 640/8 | €777 | €149 | -€629 | -80.9% |
| Gross operating margin | 9900 | €10,936 | -€4,010 | -€14,946 | |
| Operating profit (loss) | 9901 | €9,698 | -€4,751 | -€14,449 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.0% |
| Financial charges | 65/66B | €198 | €190 | -€8 | -3.9% |
| Recurring financial charges | 65 | €198 | €190 | -€8 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €9,501 | -€4,941 | -€14,442 | |
| Income taxes | 67/77 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) for the period | 9904 | €7,101 | -€7,341 | -€14,442 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,101 | -€7,341 | -€14,442 |
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.