MAN'S FIELD: 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'S FIELD
Largest movements
- Receivables within one year +€452,595
up €452,595 (+21.0%), from €2.2m to €2.6m
of which Trade receivables: +€408,222
- Receivables after one year -€289,398
down €289,398 (-18.3%), from €1.6m to €1.3m
- Other debts +€362,453
up €362,453 (+20.0%), from €1.8m to €2.2m
- Debts after one year -€199,344
down €199,344 (-16.3%), from €1.2m to €1.0m
- Gross operating margin +€33,689
up €33,689, from -€4,209 to €29,480
- Other operating charges +€31,927
up €31,927 (+2,722%), from €1,173 to €33,100
- Financial income -€11,925
down €11,925 (-13.3%), from €89,701 to €77,776
- Financial charges -€6,613
down €6,613 (-13.2%), from €50,289 to €43,676
- Taxes -€1,139
down €1,139 (-12.3%), from €9,273 to €8,134
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 | €3,738,015 | €3,913,240 | +€175,225 | +4.7% |
| Current assets | 29/58 | €3,738,015 | €3,913,240 | +€175,225 | +4.7% |
| Amounts receivable after more than one year | 29 | €1,583,212 | €1,293,814 | -€289,398 | -18.3% |
| Other amounts receivable | 291 | €1,583,212 | €1,293,814 | -€289,398 | -18.3% |
| Amounts receivable within one year | 40/41 | €2,152,975 | €2,605,569 | +€452,595 | +21.0% |
| Trade receivables | 40 | €9,613 | €417,835 | +€408,222 | +4,247% |
| Other amounts receivable | 41 | €2,143,362 | €2,187,734 | +€44,373 | +2.1% |
| Cash at bank and in hand | 54/58 | €1,828 | €13,856 | +€12,028 | +658% |
| Total equity and liabilities | 10/49 | €3,738,015 | €3,913,240 | +€175,225 | +4.7% |
| Equity | 10/15 | €456,949 | €479,295 | +€22,346 | +4.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €2,565 | €2,565 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,565 | €2,565 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,565 | €2,565 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,384 | €276,730 | +€22,346 | +8.8% |
| Amounts payable | 17/49 | €3,281,066 | €3,433,945 | +€152,880 | +4.7% |
| Amounts payable after more than one year | 17 | €1,219,622 | €1,020,279 | -€199,344 | -16.3% |
| Financial debts | 170/4 | €1,219,622 | €1,020,279 | -€199,344 | -16.3% |
| Amounts payable within one year | 42/48 | €2,056,442 | €2,399,111 | +€342,670 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €208,833 | €199,344 | -€9,489 | -4.5% |
| Trade debts | 44 | €1,264 | €3,474 | +€2,210 | +175% |
| Suppliers | 440/4 | €1,264 | €3,474 | +€2,210 | +175% |
| Taxes, remuneration and social security | 45 | €29,912 | €17,407 | -€12,504 | -41.8% |
| Taxes | 450/3 | €29,912 | €17,407 | -€12,504 | -41.8% |
| Other amounts payable | 47/48 | €1,816,434 | €2,178,887 | +€362,453 | +20.0% |
| Accrued charges and deferred income | 492/3 | €5,002 | €14,555 | +€9,554 | +191% |
| Other operating charges | 640/8 | €1,173 | €33,100 | +€31,927 | +2,722% |
| Gross operating margin | 9900 | -€4,209 | €29,480 | +€33,689 | |
| Operating profit (loss) | 9901 | -€5,382 | -€3,620 | +€1,762 | +32.7% |
| Financial income | 75/76B | €89,701 | €77,776 | -€11,925 | -13.3% |
| Recurring financial income | 75 | €89,701 | €77,776 | -€11,925 | -13.3% |
| Financial charges | 65/66B | €50,289 | €43,676 | -€6,613 | -13.2% |
| Recurring financial charges | 65 | €50,289 | €43,676 | -€6,613 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €34,030 | €30,480 | -€3,550 | -10.4% |
| Income taxes | 67/77 | €9,273 | €8,134 | -€1,139 | -12.3% |
| Profit (loss) for the period | 9904 | €24,757 | €22,346 | -€2,411 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,757 | €22,346 | -€2,411 | -9.7% |
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 27 October 2026 via checked.be.