MANAGE 4U: 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.
MANAGE 4U
Largest movements
- Tangible fixed assets -€16,142
down €16,142 (-25.0%), from €64,547 to €48,405
- Receivables within one year +€8,771
new in 2025: €8,771
- Deferred charges and accrued income +€4,659
up €4,659 (+12.0%), from €38,894 to €43,553
- Profit (loss) carried forward +€24,425
up €24,425 (+64.7%), from €37,769 to €62,195
- Debts after one year -€9,080
down €9,080 (-18.7%), from €48,600 to €39,520
- Current portion of long-term debt -€7,469
down €7,469 (-42.9%), from €17,416 to €9,947
- Other debts -€5,165
down €5,165 (-32.8%), from €15,724 to €10,559
- Tax, wage and social debts -€4,780
down €4,780 (-66.6%), from €7,180 to €2,400
of which Taxes: -€3,180
- Financial income +€27,259
up €27,259 (+714%), from €3,820 to €31,079
of which Non-recurring financial income: +€27,259
- Taxes -€16,294
down €16,294, from €10,500 to -€5,794
- Gross operating margin -€14,597
down €14,597 (-87.3%), from €16,719 to €2,122
- Other operating charges -€14,201
down €14,201 (-95.0%), from €14,948 to €747
- Financial charges -€9,122
down €9,122 (-69.9%), from €13,040 to €3,919
of which Non-recurring financial charges: -€9,293
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 | €314,313 | €310,710 | -€3,602 | -1.1% |
| Fixed assets | 21/28 | €64,547 | €48,405 | -€16,142 | -25.0% |
| Tangible fixed assets | 22/27 | €64,547 | €48,405 | -€16,142 | -25.0% |
| Furniture and vehicles | 24 | €64,547 | €48,405 | -€16,142 | -25.0% |
| Current assets | 29/58 | €249,765 | €262,306 | +€12,540 | +5.0% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €8,771 | +€8,771 | |
| Other amounts receivable | 41 | - | €8,771 | +€8,771 | |
| Current investments | 50/53 | €2,646 | €2,453 | -€193 | -7.3% |
| Cash at bank and in hand | 54/58 | €8,226 | €7,529 | -€697 | -8.5% |
| Deferred charges and accrued income | 490/1 | €38,894 | €43,553 | +€4,659 | +12.0% |
| Total equity and liabilities | 10/49 | €314,313 | €310,710 | -€3,602 | -1.1% |
| Equity | 10/15 | €223,229 | €247,655 | +€24,425 | +10.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €135,460 | €135,460 | = | 0.0% |
| Distributable reserves | 133 | €135,460 | €135,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,769 | €62,195 | +€24,425 | +64.7% |
| Amounts payable | 17/49 | €91,083 | €63,056 | -€28,027 | -30.8% |
| Amounts payable after more than one year | 17 | €48,600 | €39,520 | -€9,080 | -18.7% |
| Financial debts | 170/4 | €48,600 | €39,520 | -€9,080 | -18.7% |
| Amounts payable within one year | 42/48 | €42,484 | €23,536 | -€18,947 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €17,416 | €9,947 | -€7,469 | -42.9% |
| Trade debts | 44 | €2,163 | €630 | -€1,533 | -70.9% |
| Suppliers | 440/4 | €2,163 | €630 | -€1,533 | -70.9% |
| Taxes, remuneration and social security | 45 | €7,180 | €2,400 | -€4,780 | -66.6% |
| Taxes | 450/3 | €3,180 | - | -€3,180 | |
| Remuneration and social security | 454/9 | €4,000 | €2,400 | -€1,600 | -40.0% |
| Other amounts payable | 47/48 | €15,724 | €10,559 | -€5,165 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,112 | €9,775 | +€8,663 | +779% |
| Other operating charges | 640/8 | €14,948 | €747 | -€14,201 | -95.0% |
| Non-recurring operating charges | 66A | €263 | €129 | -€134 | -50.9% |
| Gross operating margin | 9900 | €16,719 | €2,122 | -€14,597 | -87.3% |
| Operating profit (loss) | 9901 | €395 | -€8,529 | -€8,925 | |
| Financial income | 75/76B | €3,820 | €31,079 | +€27,259 | +714% |
| Recurring financial income | 75 | €3,820 | €3,820 | = | 0.0% |
| Non-recurring financial income | 76B | - | €27,259 | +€27,259 | |
| Financial charges | 65/66B | €13,040 | €3,919 | -€9,122 | -69.9% |
| Recurring financial charges | 65 | €3,747 | €3,919 | +€172 | +4.6% |
| Non-recurring financial charges | 66B | €9,293 | - | -€9,293 | |
| Profit (loss) for the period before taxes | 9903 | -€8,825 | €18,631 | +€27,456 | |
| Income taxes | 67/77 | €10,500 | -€5,794 | -€16,294 | |
| Profit (loss) for the period | 9904 | -€19,325 | €24,425 | +€43,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,325 | €24,425 | +€43,750 |
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 22 October 2026 via checked.be.