MAN@WORKING: 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@WORKING
Largest movements
- Tangible fixed assets -€9,084
no longer reported in 2025 (was €9,084)
- Cash -€8,855
down €8,855 (-5.7%), from €155,149 to €146,294
mainly Receivables within one year (-€8,453) and Net result for the year (-€5,005)
- Receivables within one year +€8,453
up €8,453 (+401.4%), from €2,106 to €10,559
of which Trade receivables: +€9,000
- Profit (loss) carried forward -€5,005
down €5,005 (-73.2%), from €6,840 to €1,835
- Debts after one year -€3,100
no longer reported in 2025 (was €3,100)
- Depreciation -€4,956
no longer reported in 2025 (was €4,956)
- Staff costs -€1,600
down €1,600 (-96.4%), from €1,660 to €60
- Other operating charges -€1,136
down €1,136 (-84.8%), from €1,340 to €204
- Financial charges +€876
up €876 (+476.1%), from €184 to €1,060
of which Non-recurring financial charges: +€940
- Gross operating margin -€834
down €834 (-29.3%), from -€2,847 to -€3,681
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 | €166,426 | €156,940 | -€9,486 | -5.7% |
| Fixed assets | 21/28 | €9,171 | €87 | -€9,084 | -99.1% |
| Tangible fixed assets | 22/27 | €9,084 | - | -€9,084 | |
| Furniture and vehicles | 24 | €9,084 | - | -€9,084 | |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €157,255 | €156,853 | -€402 | -0.3% |
| Amounts receivable within one year | 40/41 | €2,106 | €10,559 | +€8,453 | +401.4% |
| Trade receivables | 40 | - | €9,000 | +€9,000 | |
| Other amounts receivable | 41 | €2,106 | €1,559 | -€547 | -26.0% |
| Cash at bank and in hand | 54/58 | €155,149 | €146,294 | -€8,855 | -5.7% |
| Total equity and liabilities | 10/49 | €166,426 | €156,940 | -€9,486 | -5.7% |
| Equity | 10/15 | €153,340 | €148,335 | -€5,005 | -3.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Contributions outside capital | 11 | €15,000 | - | -€15,000 | |
| Other | 1109/19 | €15,000 | - | -€15,000 | |
| Reserves | 13 | €131,500 | €131,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,840 | €1,835 | -€5,005 | -73.2% |
| Amounts payable | 17/49 | €13,086 | €8,605 | -€4,481 | -34.2% |
| Amounts payable after more than one year | 17 | €3,100 | - | -€3,100 | |
| Financial debts | 170/4 | €3,100 | - | -€3,100 | |
| Amounts payable within one year | 42/48 | €9,986 | €8,605 | -€1,381 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €4,077 | €3,100 | -€977 | -24.0% |
| Trade debts | 44 | €2,604 | €2,200 | -€404 | -15.5% |
| Suppliers | 440/4 | €2,604 | €2,200 | -€404 | -15.5% |
| Other amounts payable | 47/48 | €3,305 | €3,305 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,660 | €60 | -€1,600 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,956 | - | -€4,956 | |
| Other operating charges | 640/8 | €1,340 | €204 | -€1,136 | -84.8% |
| Gross operating margin | 9900 | -€2,847 | -€3,681 | -€834 | -29.3% |
| Operating profit (loss) | 9901 | -€10,803 | -€3,945 | +€6,858 | +63.5% |
| Financial charges | 65/66B | €184 | €1,060 | +€876 | +476.1% |
| Recurring financial charges | 65 | €184 | €120 | -€64 | -34.8% |
| Non-recurring financial charges | 66B | - | €940 | +€940 | |
| Profit (loss) for the period before taxes | 9903 | -€10,987 | -€5,005 | +€5,982 | +54.4% |
| Income taxes | 67/77 | €121 | - | -€121 | |
| Profit (loss) for the period | 9904 | -€11,108 | -€5,005 | +€6,103 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,108 | -€5,005 | +€6,103 | +54.9% |
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 9 October 2026 via checked.be.