MAN YUEN: 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 YUEN
Largest movements
- Tangible fixed assets -€10,916
down €10,916 (-21.1%), from €51,685 to €40,769
of which Other tangible fixed assets: -€7,528
- Cash -€5,612
down €5,612 (-8.8%), from €63,849 to €58,237
mainly Other debts (-€18,606) and Current portion of long-term debt (-€7,079)
- Receivables within one year -€4,102
down €4,102 (-54.8%), from €7,482 to €3,380
of which Trade receivables: -€3,753
- Stocks and contracts -€1,433
down €1,433 (-52.9%), from €2,710 to €1,278
- Other debts -€18,606
down €18,606 (-28.9%), from €64,464 to €45,858
- Current portion of long-term debt -€7,079
no longer reported in 2025 (was €7,079)
- Trade debts +€2,593
up €2,593 (+137%), from €1,899 to €4,492
- Depreciation -€16,501
down €16,501 (-56.0%), from €29,446 to €12,945
- Gross operating margin -€15,298
down €15,298 (-40.8%), from €37,492 to €22,193
- Staff costs +€1,087
up €1,087 (+37.2%), from €2,921 to €4,008
- Taxes -€1,040
down €1,040 (-49.7%), from €2,093 to €1,054
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 | €125,726 | €103,664 | -€22,062 | -17.5% |
| Fixed assets | 21/28 | €51,685 | €40,769 | -€10,916 | -21.1% |
| Tangible fixed assets | 22/27 | €51,685 | €40,769 | -€10,916 | -21.1% |
| Plant, machinery and equipment | 23 | €12,718 | €9,738 | -€2,980 | -23.4% |
| Furniture and vehicles | 24 | €815 | €408 | -€407 | -50.0% |
| Other tangible fixed assets | 26 | €38,151 | €30,623 | -€7,528 | -19.7% |
| Current assets | 29/58 | €74,041 | €62,895 | -€11,146 | -15.1% |
| Stocks and contracts in progress | 3 | €2,710 | €1,278 | -€1,433 | -52.9% |
| Stocks | 30/36 | €2,710 | €1,278 | -€1,433 | -52.9% |
| Amounts receivable within one year | 40/41 | €7,482 | €3,380 | -€4,102 | -54.8% |
| Trade receivables | 40 | €4,292 | €539 | -€3,753 | -87.4% |
| Other amounts receivable | 41 | €3,190 | €2,841 | -€349 | -10.9% |
| Cash at bank and in hand | 54/58 | €63,849 | €58,237 | -€5,612 | -8.8% |
| Total equity and liabilities | 10/49 | €125,726 | €103,664 | -€22,062 | -17.5% |
| Equity | 10/15 | €50,632 | €51,533 | +€901 | +1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €2,761 | +€901 | +48.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €901 | +€901 | |
| Profit (loss) carried forward | 14 | €36,372 | €36,372 | = | 0.0% |
| Amounts payable | 17/49 | €75,094 | €52,131 | -€22,963 | -30.6% |
| Amounts payable within one year | 42/48 | €75,094 | €52,131 | -€22,963 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €7,079 | - | -€7,079 | |
| Trade debts | 44 | €1,899 | €4,492 | +€2,593 | +137% |
| Suppliers | 440/4 | €1,899 | €4,492 | +€2,593 | +137% |
| Taxes, remuneration and social security | 45 | €1,651 | €1,781 | +€129 | +7.8% |
| Taxes | 450/3 | €1,651 | €1,781 | +€129 | +7.8% |
| Other amounts payable | 47/48 | €64,464 | €45,858 | -€18,606 | -28.9% |
| Remuneration, social security and pensions | 62 | €2,921 | €4,008 | +€1,087 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,446 | €12,945 | -€16,501 | -56.0% |
| Other operating charges | 640/8 | €2,506 | €2,864 | +€358 | +14.3% |
| Gross operating margin | 9900 | €37,492 | €22,193 | -€15,298 | -40.8% |
| Operating profit (loss) | 9901 | €2,619 | €2,376 | -€243 | -9.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €420 | €422 | +€2 | +0.6% |
| Recurring financial charges | 65 | €420 | €422 | +€2 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €2,199 | €1,954 | -€245 | -11.1% |
| Income taxes | 67/77 | €2,093 | €1,054 | -€1,040 | -49.7% |
| Profit (loss) for the period | 9904 | €106 | €901 | +€795 | +751% |
| Profit (loss) for the period to be appropriated | 9905 | €106 | €901 | +€795 | +751% |
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 18 October 2026 via checked.be.