MAN-DAYS: 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-DAYS
Largest movements
- Cash -€21,478
down €21,478 (-31.8%), from €67,608 to €46,130
mainly Net result for the year (-€15,498) and Debts after one year (-€9,650)
- Tangible fixed assets -€10,395
down €10,395 (-29.3%), from €35,469 to €25,075
of which Furniture and vehicles: -€10,731
- Receivables within one year -€6,353
no longer reported in 2025 (was €6,353)
- Deferred charges and accrued income +€2,906
up €2,906 (+124%), from €2,342 to €5,248
- Profit (loss) carried forward -€15,498
down €15,498, from €8,503 to -€6,995
- Debts after one year -€9,650
down €9,650 (-47.2%), from €20,431 to €10,781
- Tax, wage and social debts -€6,425
down €6,425 (-44.1%), from €14,578 to €8,153
- Other debts -€3,881
down €3,881 (-67.2%), from €5,775 to €1,895
- Gross operating margin -€50,696
down €50,696, from €50,244 to -€451
- Taxes -€6,385
down €6,385 (-97.6%), from €6,541 to €157
- Depreciation +€603
up €603 (+4.8%), from €12,607 to €13,209
- Other operating charges +€574
new in 2025: €574
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 | €111,772 | €76,453 | -€35,320 | -31.6% |
| Fixed assets | 21/28 | €35,469 | €25,075 | -€10,395 | -29.3% |
| Tangible fixed assets | 22/27 | €35,469 | €25,075 | -€10,395 | -29.3% |
| Plant, machinery and equipment | 23 | €3,158 | €3,495 | +€336 | +10.7% |
| Furniture and vehicles | 24 | €32,311 | €21,580 | -€10,731 | -33.2% |
| Current assets | 29/58 | €76,303 | €51,378 | -€24,925 | -32.7% |
| Amounts receivable within one year | 40/41 | €6,353 | - | -€6,353 | |
| Trade receivables | 40 | €6,353 | - | -€6,353 | |
| Cash at bank and in hand | 54/58 | €67,608 | €46,130 | -€21,478 | -31.8% |
| Deferred charges and accrued income | 490/1 | €2,342 | €5,248 | +€2,906 | +124% |
| Total equity and liabilities | 10/49 | €111,772 | €76,453 | -€35,320 | -31.6% |
| Equity | 10/15 | €60,795 | €45,297 | -€15,498 | -25.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,092 | €46,092 | = | 0.0% |
| Distributable reserves | 133 | €46,092 | €46,092 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,503 | -€6,995 | -€15,498 | |
| Amounts payable | 17/49 | €50,977 | €31,156 | -€19,821 | -38.9% |
| Amounts payable after more than one year | 17 | €20,431 | €10,781 | -€9,650 | -47.2% |
| Financial debts | 170/4 | €20,431 | €10,781 | -€9,650 | -47.2% |
| Amounts payable within one year | 42/48 | €30,401 | €20,375 | -€10,026 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €9,369 | €9,650 | +€281 | +3.0% |
| Trade debts | 44 | €679 | €677 | -€1 | -0.2% |
| Suppliers | 440/4 | €679 | €677 | -€1 | -0.2% |
| Taxes, remuneration and social security | 45 | €14,578 | €8,153 | -€6,425 | -44.1% |
| Taxes | 450/3 | €14,578 | €8,153 | -€6,425 | -44.1% |
| Other amounts payable | 47/48 | €5,775 | €1,895 | -€3,881 | -67.2% |
| Accrued charges and deferred income | 492/3 | €146 | - | -€146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,607 | €13,209 | +€603 | +4.8% |
| Other operating charges | 640/8 | - | €574 | +€574 | |
| Gross operating margin | 9900 | €50,244 | -€451 | -€50,696 | |
| Operating profit (loss) | 9901 | €37,638 | -€14,235 | -€51,873 | |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €1,159 | €1,115 | -€44 | -3.8% |
| Recurring financial charges | 65 | €1,159 | €1,115 | -€44 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €36,479 | -€15,342 | -€51,821 | |
| Income taxes | 67/77 | €6,541 | €157 | -€6,385 | -97.6% |
| Profit (loss) for the period | 9904 | €29,937 | -€15,498 | -€45,436 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,937 | -€15,498 | -€45,436 |
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 13 October 2026 via checked.be.