MAN DIRK: 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 DIRK
Largest movements
- Receivables within one year -€80,070
down €80,070 (-35.8%), from €223,692 to €143,621
of which Trade receivables: -€45,707
- Tangible fixed assets -€62,459
down €62,459 (-19.7%), from €317,835 to €255,376
- Cash -€40,993
down €40,993 (-91.0%), from €45,029 to €4,036
mainly Contributions, distributions and other (-€101,400) and Debts after one year (-€47,090)
- Stocks and contracts +€7,003
up €7,003 (+11.1%), from €62,916 to €69,920
of which Contracts in progress: +€15,139
- Reserves -€101,400
down €101,400 (-27.2%), from €372,543 to €271,143
of which Distributable reserves: -€101,400
- Short-term financial debts +€58,755
up €58,755 (+78.3%), from €75,000 to €133,755
- Debts after one year -€47,090
down €47,090 (-67.1%), from €70,159 to €23,069
- Profit (loss) carried forward -€35,744
new in 2025: -€35,744
- Tax, wage and social debts -€19,709
down €19,709 (-51.3%), from €38,444 to €18,735
of which Remuneration and social security: -€17,202
- Gross operating margin -€118,164
down €118,164 (-38.5%), from €306,867 to €188,703
- Staff costs -€77,949
down €77,949 (-33.9%), from €229,950 to €152,001
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 | €655,206 | €477,837 | -€177,370 | -27.1% |
| Fixed assets | 21/28 | €317,835 | €255,376 | -€62,459 | -19.7% |
| Tangible fixed assets | 22/27 | €317,835 | €255,376 | -€62,459 | -19.7% |
| Land and buildings | 22 | €200,792 | €173,322 | -€27,471 | -13.7% |
| Plant, machinery and equipment | 23 | €6,244 | €4,105 | -€2,139 | -34.3% |
| Furniture and vehicles | 24 | €99,680 | €70,060 | -€29,619 | -29.7% |
| Other tangible fixed assets | 26 | €11,120 | €7,889 | -€3,230 | -29.1% |
| Current assets | 29/58 | €337,371 | €222,460 | -€114,911 | -34.1% |
| Stocks and contracts in progress | 3 | €62,916 | €69,920 | +€7,003 | +11.1% |
| Stocks | 30/36 | €62,916 | €54,781 | -€8,135 | -12.9% |
| Contracts in progress | 37 | - | €15,139 | +€15,139 | |
| Amounts receivable within one year | 40/41 | €223,692 | €143,621 | -€80,070 | -35.8% |
| Trade receivables | 40 | €99,308 | €53,601 | -€45,707 | -46.0% |
| Other amounts receivable | 41 | €124,383 | €90,020 | -€34,363 | -27.6% |
| Cash at bank and in hand | 54/58 | €45,029 | €4,036 | -€40,993 | -91.0% |
| Deferred charges and accrued income | 490/1 | €5,734 | €4,883 | -€850 | -14.8% |
| Total equity and liabilities | 10/49 | €655,206 | €477,837 | -€177,370 | -27.1% |
| Equity | 10/15 | €378,743 | €241,599 | -€137,144 | -36.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €372,543 | €271,143 | -€101,400 | -27.2% |
| Tax-exempt reserves | 132 | €26,663 | €26,663 | = | 0.0% |
| Distributable reserves | 133 | €345,879 | €244,479 | -€101,400 | -29.3% |
| Profit (loss) carried forward | 14 | - | -€35,744 | -€35,744 | |
| Amounts payable | 17/49 | €276,464 | €236,237 | -€40,226 | -14.6% |
| Amounts payable after more than one year | 17 | €70,159 | €23,069 | -€47,090 | -67.1% |
| Financial debts | 170/4 | €70,159 | €23,069 | -€47,090 | -67.1% |
| Amounts payable within one year | 42/48 | €206,305 | €213,168 | +€6,864 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €61,566 | €47,090 | -€14,476 | -23.5% |
| Financial debts | 43 | €75,000 | €133,755 | +€58,755 | +78.3% |
| Credit institutions | 430/8 | €75,000 | €133,755 | +€58,755 | +78.3% |
| Trade debts | 44 | €31,295 | €13,588 | -€17,707 | -56.6% |
| Suppliers | 440/4 | €31,295 | €13,588 | -€17,707 | -56.6% |
| Taxes, remuneration and social security | 45 | €38,444 | €18,735 | -€19,709 | -51.3% |
| Taxes | 450/3 | €6,114 | €3,607 | -€2,506 | -41.0% |
| Remuneration and social security | 454/9 | €32,330 | €15,128 | -€17,202 | -53.2% |
| Non-recurring operating income | 76A | - | €16,021 | +€16,021 | |
| Remuneration, social security and pensions | 62 | €229,950 | €152,001 | -€77,949 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,314 | €64,234 | -€2,079 | -3.1% |
| Other operating charges | 640/8 | €5,188 | €5,007 | -€182 | -3.5% |
| Gross operating margin | 9900 | €306,867 | €188,703 | -€118,164 | -38.5% |
| Operating profit (loss) | 9901 | €5,415 | -€32,539 | -€37,954 | |
| Financial income | 75/76B | €7,243 | €6,285 | -€958 | -13.2% |
| Recurring financial income | 75 | €7,243 | €6,285 | -€958 | -13.2% |
| Financial charges | 65/66B | €8,467 | €9,117 | +€650 | +7.7% |
| Recurring financial charges | 65 | €8,467 | €9,117 | +€650 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €4,190 | -€35,371 | -€39,562 | |
| Income taxes | 67/77 | €2,827 | €373 | -€2,454 | -86.8% |
| Profit (loss) for the period | 9904 | €1,364 | -€35,744 | -€37,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,364 | -€35,744 | -€37,107 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.