MAN PAT: 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 PAT
Largest movements
- Tangible fixed assets -€12,346
down €12,346 (-30.4%), from €40,548 to €28,202
of which Other tangible fixed assets: -€6,265
- Receivables within one year -€9,491
down €9,491 (-47.2%), from €20,093 to €10,601
of which Other amounts receivable: -€18,465
- Stocks and contracts -€2,211
no longer reported in 2025 (was €2,211)
- Deferred charges and accrued income -€803
no longer reported in 2025 (was €803)
- Debts after one year -€13,953
down €13,953 (-28.5%), from €48,874 to €34,921
- Profit (loss) carried forward -€13,165
down €13,165 (-210%), from -€6,265 to -€19,429
- Trade debts +€2,350
up €2,350 (+89.1%), from €2,637 to €4,987
- Other debts -€1,088
no longer reported in 2025 (was €1,088)
- Turnover -€63,535
no longer reported in 2025 (was €63,535)
- Purchases and services -€58,268
no longer reported in 2025 (was €58,268)
- Other operating charges -€2,254
down €2,254 (-59.1%), from €3,816 to €1,562
- Write-downs +€1,998
new in 2025: €1,998
- Gross operating margin -€1,435
down €1,435 (-27.2%), from €5,268 to €3,833
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 | €66,019 | €41,203 | -€24,816 | -37.6% |
| Fixed assets | 21/28 | €42,748 | €30,402 | -€12,346 | -28.9% |
| Tangible fixed assets | 22/27 | €40,548 | €28,202 | -€12,346 | -30.4% |
| Furniture and vehicles | 24 | €15,488 | €9,407 | -€6,081 | -39.3% |
| Other tangible fixed assets | 26 | €25,060 | €18,795 | -€6,265 | -25.0% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €23,271 | €10,801 | -€12,470 | -53.6% |
| Stocks and contracts in progress | 3 | €2,211 | - | -€2,211 | |
| Stocks | 30/36 | €2,211 | - | -€2,211 | |
| Amounts receivable within one year | 40/41 | €20,093 | €10,601 | -€9,491 | -47.2% |
| Trade receivables | 40 | €1,628 | €10,601 | +€8,973 | +551% |
| Other amounts receivable | 41 | €18,465 | - | -€18,465 | |
| Cash at bank and in hand | 54/58 | €165 | €200 | +€35 | +21.3% |
| Deferred charges and accrued income | 490/1 | €803 | - | -€803 | |
| Total equity and liabilities | 10/49 | €66,019 | €41,203 | -€24,816 | -37.6% |
| Equity | 10/15 | -€65 | -€13,229 | -€13,165 | -20,347% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,265 | -€19,429 | -€13,165 | -210% |
| Amounts payable | 17/49 | €66,084 | €54,432 | -€11,652 | -17.6% |
| Amounts payable after more than one year | 17 | €48,874 | €34,921 | -€13,953 | -28.5% |
| Financial debts | 170/4 | €48,874 | €34,921 | -€13,953 | -28.5% |
| Amounts payable within one year | 42/48 | €17,210 | €19,512 | +€2,302 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €13,484 | €13,953 | +€469 | +3.5% |
| Trade debts | 44 | €2,637 | €4,987 | +€2,350 | +89.1% |
| Suppliers | 440/4 | €2,637 | €4,987 | +€2,350 | +89.1% |
| Taxes, remuneration and social security | 45 | - | €571 | +€571 | |
| Taxes | 450/3 | - | €571 | +€571 | |
| Other amounts payable | 47/48 | €1,088 | - | -€1,088 | |
| Turnover | 70 | €63,535 | - | -€63,535 | |
| Goods, raw materials, services and sundry goods | 60/61 | €58,268 | - | -€58,268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,859 | €10,576 | +€717 | +7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,998 | +€1,998 | |
| Other operating charges | 640/8 | €3,816 | €1,562 | -€2,254 | -59.1% |
| Gross operating margin | 9900 | €5,268 | €3,833 | -€1,435 | -27.2% |
| Operating profit (loss) | 9901 | -€8,407 | -€10,303 | -€1,896 | -22.6% |
| Financial charges | 65/66B | €3,423 | €2,862 | -€561 | -16.4% |
| Recurring financial charges | 65 | €3,423 | €2,862 | -€561 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,830 | -€13,165 | -€1,335 | -11.3% |
| Profit (loss) for the period | 9904 | -€11,830 | -€13,165 | -€1,335 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,830 | -€13,165 | -€1,335 | -11.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.