MAN&ZOU: 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&ZOU
Largest movements
- Receivables within one year +€50,260
up €50,260 (+30,262%), from €166 to €50,426
of which Trade receivables: +€50,426
- Cash +€2,032
new in 2025: €2,032
mainly Trade debts (+€30,227) and Tax, wage and social debts (+€14,257)
- Trade debts +€30,227
new in 2025: €30,227
- Tax, wage and social debts +€14,257
new in 2025: €14,257
of which Taxes: +€10,702
- Profit (loss) carried forward +€8,188
up €8,188, from -€1,176 to €7,012
- Gross operating margin +€21,799
up €21,799, from -€1,176 to €20,623
- Staff costs +€12,126
new in 2025: €12,126
- Other operating charges +€295
new in 2025: €295
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 | €166 | €52,458 | +€52,292 | +31,486% |
| Current assets | 29/58 | €166 | €52,458 | +€52,292 | +31,486% |
| Amounts receivable within one year | 40/41 | €166 | €50,426 | +€50,260 | +30,262% |
| Trade receivables | 40 | - | €50,426 | +€50,426 | |
| Other amounts receivable | 41 | €166 | - | -€166 | |
| Cash at bank and in hand | 54/58 | - | €2,032 | +€2,032 | |
| Total equity and liabilities | 10/49 | €166 | €52,458 | +€52,292 | +31,486% |
| Equity | 10/15 | -€1,176 | €7,012 | +€8,188 | |
| Profit (loss) carried forward | 14 | -€1,176 | €7,012 | +€8,188 | |
| Amounts payable | 17/49 | €1,342 | €45,446 | +€44,104 | +3,286% |
| Amounts payable within one year | 42/48 | €1,342 | €45,446 | +€44,104 | +3,286% |
| Trade debts | 44 | - | €30,227 | +€30,227 | |
| Suppliers | 440/4 | - | €30,227 | +€30,227 | |
| Taxes, remuneration and social security | 45 | - | €14,257 | +€14,257 | |
| Taxes | 450/3 | - | €10,702 | +€10,702 | |
| Remuneration and social security | 454/9 | - | €3,555 | +€3,555 | |
| Other amounts payable | 47/48 | €1,342 | €962 | -€380 | -28.3% |
| Remuneration, social security and pensions | 62 | - | €12,126 | +€12,126 | |
| Other operating charges | 640/8 | - | €295 | +€295 | |
| Gross operating margin | 9900 | -€1,176 | €20,623 | +€21,799 | |
| Operating profit (loss) | 9901 | -€1,176 | €8,203 | +€9,379 | |
| Financial charges | 65/66B | - | €15 | +€15 | |
| Recurring financial charges | 65 | - | €15 | +€15 | |
| Profit (loss) for the period before taxes | 9903 | -€1,176 | €8,188 | +€9,364 | |
| Profit (loss) for the period | 9904 | -€1,176 | €8,188 | +€9,364 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,176 | €8,188 | +€9,364 |
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 15 October 2026 via checked.be.