MAN-IMMO: what changed
Two fiscal 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-IMMO
Largest movements
- Receivables after one year +€15,588
up €15,588 (+3.0%), from €516,693 to €532,281
- Cash -€10,762
down €10,762 (-11.8%), from €91,276 to €80,514
mainly Receivables after one year (-€15,588) and Tax, wage and social debts (-€4,726)
- Profit (loss) carried forward +€10,052
up €10,052 (+44.7%), from €22,489 to €32,541
- Financial income -€3,817
down €3,817 (-19.3%), from €19,755 to €15,939
- Taxes -€1,375
down €1,375 (-29.1%), from €4,726 to €3,351
- Gross operating margin -€479
down €479 (-31.8%), from -€1,506 to -€1,986
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 | €739,595 | €744,921 | +€5,326 | +0.7% |
| Fixed assets | 21/28 | €120,000 | €120,000 | = | 0.0% |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €619,595 | €624,921 | +€5,326 | +0.9% |
| Amounts receivable after more than one year | 29 | €516,693 | €532,281 | +€15,588 | +3.0% |
| Other amounts receivable | 291 | €516,693 | €532,281 | +€15,588 | +3.0% |
| Amounts receivable within one year | 40/41 | - | €149 | +€149 | |
| Other amounts receivable | 41 | - | €149 | +€149 | |
| Cash at bank and in hand | 54/58 | €91,276 | €80,514 | -€10,762 | -11.8% |
| Deferred charges and accrued income | 490/1 | €11,626 | €11,976 | +€351 | +3.0% |
| Total equity and liabilities | 10/49 | €739,595 | €744,921 | +€5,326 | +0.7% |
| Equity | 10/15 | €172,489 | €182,541 | +€10,052 | +5.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,489 | €32,541 | +€10,052 | +44.7% |
| Amounts payable | 17/49 | €567,106 | €562,380 | -€4,726 | -0.8% |
| Amounts payable within one year | 42/48 | €567,106 | €562,380 | -€4,726 | -0.8% |
| Taxes, remuneration and social security | 45 | €4,726 | €0 | -€4,726 | -100.0% |
| Taxes | 450/3 | €4,726 | €0 | -€4,726 | -100.0% |
| Other amounts payable | 47/48 | €562,380 | €562,380 | = | 0.0% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | -€1,506 | -€1,986 | -€479 | -31.8% |
| Operating profit (loss) | 9901 | -€2,009 | -€2,493 | -€484 | -24.1% |
| Financial income | 75/76B | €19,755 | €15,939 | -€3,817 | -19.3% |
| Recurring financial income | 75 | €19,755 | €15,939 | -€3,817 | -19.3% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €17,708 | €13,402 | -€4,305 | -24.3% |
| Income taxes | 67/77 | €4,726 | €3,351 | -€1,375 | -29.1% |
| Profit (loss) for the period | 9904 | €12,982 | €10,052 | -€2,930 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,982 | €10,052 | -€2,930 | -22.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.