MAN IN MOTION: 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 IN MOTION
Largest movements
- Tangible fixed assets -€49,620
down €49,620 (-4.5%), from €1.1m to €1.0m
of which Land and buildings: -€26,001
- Receivables within one year -€31,107
down €31,107 (-95.0%), from €32,761 to €1,654
of which Trade receivables: -€29,909
- Cash +€28,879
up €28,879 (+83.3%), from €34,649 to €63,528
mainly Net result for the year (+€68,921) and Depreciation (+€57,789)
- Debts after one year -€71,942
down €71,942 (-13.0%), from €552,928 to €480,986
- Reserves +€68,922
up €68,922 (+24.8%), from €277,635 to €346,557
- Tax, wage and social debts -€20,622
down €20,622 (-76.4%), from €26,993 to €6,371
of which Taxes: -€20,122
- Other debts -€19,896
down €19,896 (-15.8%), from €126,002 to €106,106
- Gross operating margin +€36,267
up €36,267 (+28.2%), from €128,554 to €164,821
- Taxes +€7,945
up €7,945 (+41.1%), from €19,310 to €27,255
- Financial income +€4,801
up €4,801 (+386%), from €1,243 to €6,044
- Depreciation +€2,432
up €2,432 (+4.4%), from €55,357 to €57,789
- Financial charges -€1,729
down €1,729 (-9.6%), from €18,061 to €16,332
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 | €1,209,894 | €1,158,215 | -€51,679 | -4.3% |
| Fixed assets | 21/28 | €1,093,322 | €1,043,702 | -€49,620 | -4.5% |
| Tangible fixed assets | 22/27 | €1,093,322 | €1,043,702 | -€49,620 | -4.5% |
| Land and buildings | 22 | €856,221 | €830,220 | -€26,001 | -3.0% |
| Plant, machinery and equipment | 23 | €221,366 | €198,559 | -€22,807 | -10.3% |
| Furniture and vehicles | 24 | €2,752 | €4,932 | +€2,180 | +79.2% |
| Other tangible fixed assets | 26 | €12,983 | €9,991 | -€2,992 | -23.0% |
| Current assets | 29/58 | €116,572 | €114,513 | -€2,059 | -1.8% |
| Amounts receivable within one year | 40/41 | €32,761 | €1,654 | -€31,107 | -95.0% |
| Trade receivables | 40 | €29,909 | - | -€29,909 | |
| Other amounts receivable | 41 | €2,852 | €1,654 | -€1,198 | -42.0% |
| Current investments | 50/53 | €49,162 | €49,163 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €34,649 | €63,528 | +€28,879 | +83.3% |
| Deferred charges and accrued income | 490/1 | - | €168 | +€168 | |
| Total equity and liabilities | 10/49 | €1,209,894 | €1,158,215 | -€51,679 | -4.3% |
| Equity | 10/15 | €421,166 | €490,088 | +€68,922 | +16.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Contributions outside capital | 11 | €12,500 | €12,500 | = | 0.0% |
| Other | 1109/19 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €277,635 | €346,557 | +€68,922 | +24.8% |
| Distributable reserves | 133 | €277,635 | €346,557 | +€68,922 | +24.8% |
| Profit (loss) carried forward | 14 | €131,031 | €131,031 | = | 0.0% |
| Amounts payable | 17/49 | €788,728 | €668,127 | -€120,601 | -15.3% |
| Amounts payable after more than one year | 17 | €552,928 | €480,986 | -€71,942 | -13.0% |
| Financial debts | 170/4 | €552,928 | €480,986 | -€71,942 | -13.0% |
| Amounts payable within one year | 42/48 | €235,800 | €187,141 | -€48,659 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €72,269 | €71,942 | -€327 | -0.5% |
| Trade debts | 44 | €10,536 | €2,722 | -€7,814 | -74.2% |
| Suppliers | 440/4 | €10,536 | €2,722 | -€7,814 | -74.2% |
| Taxes, remuneration and social security | 45 | €26,993 | €6,371 | -€20,622 | -76.4% |
| Taxes | 450/3 | €26,493 | €6,371 | -€20,122 | -76.0% |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | €126,002 | €106,106 | -€19,896 | -15.8% |
| Non-recurring operating income | 76A | €5,367 | - | -€5,367 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,357 | €57,789 | +€2,432 | +4.4% |
| Other operating charges | 640/8 | €340 | €568 | +€228 | +67.1% |
| Gross operating margin | 9900 | €128,554 | €164,821 | +€36,267 | +28.2% |
| Operating profit (loss) | 9901 | €72,857 | €106,464 | +€33,607 | +46.1% |
| Financial income | 75/76B | €1,243 | €6,044 | +€4,801 | +386% |
| Recurring financial income | 75 | €1,243 | €6,044 | +€4,801 | +386% |
| Financial charges | 65/66B | €18,061 | €16,332 | -€1,729 | -9.6% |
| Recurring financial charges | 65 | €18,061 | €16,332 | -€1,729 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €56,039 | €96,176 | +€40,137 | +71.6% |
| Income taxes | 67/77 | €19,310 | €27,255 | +€7,945 | +41.1% |
| Profit (loss) for the period | 9904 | €36,729 | €68,921 | +€32,192 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,729 | €68,921 | +€32,192 | +87.6% |
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 17 October 2026 via checked.be.