MAN WAY: 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.
What changed
MAN WAY
NACE 47.551, Retail sale of household furniture
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€12,245
2023 · -€27,915+€15,670
Equity
€783,568
2023 · €795,814-€12,245
Cash
€1,071
2023 · €56+€1,015
Balance sheet total
€1.0m
2023 · €1.0m+€2,848
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€12,245
down €12,245 (-7.0%), from -€174,186 to -€186,432
Income statement
- Gross operating margin +€16,193
up €16,193 (+82.2%), from -€19,699 to -€3,506
- Purchases and services -€9,976
down €9,976 (-40.5%), from €24,616 to €14,641
- Turnover +€6,082
up €6,082 (+124%), from €4,918 to €11,000
- Write-downs -€1,417
no longer reported in 2024 (was €1,417)
- Financial charges +€744
up €744 (+24.7%), from €3,017 to €3,762
From the 2023 result to the 2024 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.
Result 2023
-€27,915
Gross operating margin
+€16,193
Depreciation
-€706
Write-downs
+€1,417
Other operating charges
+€70
Financial income
-€560
Financial charges
-€744
Result 2024
-€12,245
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€5,342
Investment
-€3,458
Financing
+€9,815
Cash 2023
€56
From operations (derived)
-€5,342
Net result for the year
-€12,245
Depreciation
+€5,013
Receivables within one year
-€3,388
Trade debts
+€983
Tax, wage and social debts
-€144
Other debts
+€4,440
Investment (derived)
-€3,458
Investment in fixed assets (net)
-€3,458
Financing
+€9,815
Debts after one year
+€9,815
Cash 2024
€1,071
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,031,111 | €1,033,959 | +€2,848 | +0.3% |
| Fixed assets | 21/28 | €998,720 | €997,165 | -€1,555 | -0.2% |
| Tangible fixed assets | 22/27 | €28,720 | €27,165 | -€1,555 | -5.4% |
| Land and buildings | 22 | €13,464 | €11,974 | -€1,490 | -11.1% |
| Plant, machinery and equipment | 23 | - | €3,341 | +€3,341 | |
| Furniture and vehicles | 24 | €2,591 | €1,718 | -€873 | -33.7% |
| Other tangible fixed assets | 26 | €12,665 | €10,132 | -€2,533 | -20.0% |
| Financial fixed assets | 28 | €970,000 | €970,000 | = | 0.0% |
| Current assets | 29/58 | €32,391 | €36,794 | +€4,404 | +13.6% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €9,467 | €9,467 | = | 0.0% |
| Stocks | 30/36 | €9,467 | €9,467 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,868 | €6,256 | +€3,388 | +118% |
| Trade receivables | 40 | €2,195 | €5,000 | +€2,805 | +128% |
| Other amounts receivable | 41 | €673 | €1,256 | +€583 | +86.7% |
| Cash at bank and in hand | 54/58 | €56 | €1,071 | +€1,015 | +1,821% |
| Total equity and liabilities | 10/49 | €1,031,111 | €1,033,959 | +€2,848 | +0.3% |
| Equity | 10/15 | €795,814 | €783,568 | -€12,245 | -1.5% |
| Contributions | 10/11 | €970,000 | €970,000 | = | 0.0% |
| Capital | 10 | €970,000 | €970,000 | = | 0.0% |
| Issued capital | 100 | €970,000 | €970,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,186 | -€186,432 | -€12,245 | -7.0% |
| Amounts payable | 17/49 | €235,297 | €250,391 | +€15,094 | +6.4% |
| Amounts payable after more than one year | 17 | €233,350 | €243,165 | +€9,815 | +4.2% |
| Financial debts | 170/4 | €233,350 | €243,165 | +€9,815 | +4.2% |
| Amounts payable within one year | 42/48 | €1,947 | €7,225 | +€5,278 | +271% |
| Trade debts | 44 | €1,678 | €2,661 | +€983 | +58.6% |
| Suppliers | 440/4 | €1,678 | €2,661 | +€983 | +58.6% |
| Taxes, remuneration and social security | 45 | €144 | - | -€144 | |
| Taxes | 450/3 | €144 | - | -€144 | |
| Other amounts payable | 47/48 | €125 | €4,565 | +€4,440 | +3,553% |
| Turnover | 70 | €4,918 | €11,000 | +€6,082 | +124% |
| Non-recurring operating income | 76A | - | €135 | +€135 | |
| Goods, raw materials, services and sundry goods | 60/61 | €24,616 | €14,641 | -€9,976 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,307 | €5,013 | +€706 | +16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,417 | - | -€1,417 | |
| Other operating charges | 640/8 | €595 | €525 | -€70 | -11.8% |
| Gross operating margin | 9900 | -€19,699 | -€3,506 | +€16,193 | +82.2% |
| Operating profit (loss) | 9901 | -€26,018 | -€9,044 | +€16,974 | +65.2% |
| Financial income | 75/76B | €1,120 | €560 | -€560 | -50.0% |
| Recurring financial income | 75 | €1,120 | €560 | -€560 | -50.0% |
| Financial charges | 65/66B | €3,017 | €3,762 | +€744 | +24.7% |
| Recurring financial charges | 65 | €3,017 | €3,762 | +€744 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,915 | -€12,245 | +€15,670 | +56.1% |
| Profit (loss) for the period | 9904 | -€27,915 | -€12,245 | +€15,670 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,915 | -€12,245 | +€15,670 | +56.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.