MAN-G-ÉE: 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-G-ÉE
Largest movements
- Receivables within one year -€19,443
down €19,443 (-55.9%), from €34,752 to €15,309
of which Other amounts receivable: -€13,748
- Deferred charges and accrued income +€5,751
up €5,751 (+453.9%), from €1,267 to €7,018
- Tangible fixed assets +€5,645
up €5,645 (+1.2%), from €486,177 to €491,822
of which Furniture and vehicles: +€23,796
- Other debts -€106,696
down €106,696 (-42.5%), from €251,148 to €144,453
- Reserves +€99,500
up €99,500 (+49.2%), from €202,300 to €301,800
- Tax, wage and social debts -€9,364
down €9,364 (-40.9%), from €22,920 to €13,556
of which Taxes: -€7,449
- Gross operating margin +€49,433
up €49,433 (+19.8%), from €249,140 to €298,573
- Staff costs +€23,656
up €23,656 (+25.2%), from €93,716 to €117,372
- Depreciation +€11,042
up €11,042 (+43.2%), from €25,567 to €36,609
- Taxes +€4,323
up €4,323 (+12.2%), from €35,345 to €39,668
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 | €535,925 | €526,877 | -€9,048 | -1.7% |
| Fixed assets | 21/28 | €486,482 | €491,822 | +€5,340 | +1.1% |
| Tangible fixed assets | 22/27 | €486,177 | €491,822 | +€5,645 | +1.2% |
| Land and buildings | 22 | €450,194 | €433,883 | -€16,311 | -3.6% |
| Plant, machinery and equipment | 23 | €24,950 | €23,110 | -€1,840 | -7.4% |
| Furniture and vehicles | 24 | €11,034 | €34,829 | +€23,796 | +215.7% |
| Financial fixed assets | 28 | €305 | €0 | -€305 | -100.0% |
| Current assets | 29/58 | €49,443 | €35,055 | -€14,388 | -29.1% |
| Stocks and contracts in progress | 3 | €5,596 | €2,985 | -€2,611 | -46.7% |
| Stocks | 30/36 | €5,596 | €2,985 | -€2,611 | -46.7% |
| Amounts receivable within one year | 40/41 | €34,752 | €15,309 | -€19,443 | -55.9% |
| Trade receivables | 40 | €13,241 | €7,546 | -€5,695 | -43.0% |
| Other amounts receivable | 41 | €21,511 | €7,763 | -€13,748 | -63.9% |
| Cash at bank and in hand | 54/58 | €7,828 | €9,743 | +€1,915 | +24.5% |
| Deferred charges and accrued income | 490/1 | €1,267 | €7,018 | +€5,751 | +453.9% |
| Total equity and liabilities | 10/49 | €535,925 | €526,877 | -€9,048 | -1.7% |
| Equity | 10/15 | €234,872 | €334,462 | +€99,591 | +42.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €202,300 | €301,800 | +€99,500 | +49.2% |
| Distributable reserves | 133 | €202,300 | €301,800 | +€99,500 | +49.2% |
| Profit (loss) carried forward | 14 | €2,572 | €2,662 | +€91 | +3.5% |
| Amounts payable | 17/49 | €301,053 | €192,415 | -€108,638 | -36.1% |
| Amounts payable within one year | 42/48 | €292,536 | €180,848 | -€111,688 | -38.2% |
| Current portion of amounts payable after more than one year | 42 | €18,468 | €17,500 | -€968 | -5.2% |
| Trade debts | 44 | €0 | €5,339 | +€5,339 | |
| Suppliers | 440/4 | €0 | €5,339 | +€5,339 | |
| Taxes, remuneration and social security | 45 | €22,920 | €13,556 | -€9,364 | -40.9% |
| Taxes | 450/3 | €21,006 | €13,556 | -€7,449 | -35.5% |
| Remuneration and social security | 454/9 | €1,914 | €0 | -€1,914 | -100.0% |
| Other amounts payable | 47/48 | €251,148 | €144,453 | -€106,696 | -42.5% |
| Accrued charges and deferred income | 492/3 | €8,517 | €11,567 | +€3,049 | +35.8% |
| Remuneration, social security and pensions | 62 | €93,716 | €117,372 | +€23,656 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,567 | €36,609 | +€11,042 | +43.2% |
| Other operating charges | 640/8 | €2,403 | €2,261 | -€142 | -5.9% |
| Gross operating margin | 9900 | €249,140 | €298,573 | +€49,433 | +19.8% |
| Operating profit (loss) | 9901 | €127,455 | €142,331 | +€14,876 | +11.7% |
| Financial income | 75/76B | €259 | €81 | -€178 | -68.8% |
| Recurring financial income | 75 | €259 | €81 | -€178 | -68.8% |
| Financial charges | 65/66B | €3,694 | €3,154 | -€540 | -14.6% |
| Recurring financial charges | 65 | €3,694 | €3,154 | -€540 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €124,020 | €139,258 | +€15,238 | +12.3% |
| Income taxes | 67/77 | €35,345 | €39,668 | +€4,323 | +12.2% |
| Profit (loss) for the period | 9904 | €88,676 | €99,591 | +€10,915 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,676 | €99,591 | +€10,915 | +12.3% |
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 11 October 2026 via checked.be.