MANAGEMENT PLCL: 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.
MANAGEMENT PLCL
Largest movements
- Tangible fixed assets +€38,355
up €38,355 (+7.1%), from €541,751 to €580,106
- Cash +€10,367
up €10,367 (+438%), from €2,368 to €12,735
mainly Debts after one year (+€57,441) and Depreciation (+€16,755)
- Receivables within one year -€8,429
down €8,429 (-73.6%), from €11,458 to €3,030
of which Trade receivables: -€6,361
- Debts after one year +€57,441
up €57,441 (+11.8%), from €485,806 to €543,247
of which Other amounts payable: +€37,998
- Profit (loss) carried forward -€7,492
new in 2025: -€7,492
- Depreciation +€5,021
up €5,021 (+42.8%), from €11,734 to €16,755
- Financial charges +€3,922
up €3,922 (+33.0%), from €11,894 to €15,815
- Other operating charges +€1,275
up €1,275 (+329%), from €387 to €1,662
- Gross operating margin +€466
up €466 (+1.9%), from €25,125 to €25,591
- Taxes -€389
no longer reported in 2025 (was €389)
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 | €556,261 | €596,575 | +€40,314 | +7.2% |
| Fixed assets | 21/28 | €541,751 | €580,106 | +€38,355 | +7.1% |
| Tangible fixed assets | 22/27 | €541,751 | €580,106 | +€38,355 | +7.1% |
| Land and buildings | 22 | €541,751 | €580,106 | +€38,355 | +7.1% |
| Current assets | 29/58 | €14,510 | €16,469 | +€1,958 | +13.5% |
| Amounts receivable within one year | 40/41 | €11,458 | €3,030 | -€8,429 | -73.6% |
| Trade receivables | 40 | €7,973 | €1,612 | -€6,361 | -79.8% |
| Other amounts receivable | 41 | €3,485 | €1,418 | -€2,067 | -59.3% |
| Cash at bank and in hand | 54/58 | €2,368 | €12,735 | +€10,367 | +438% |
| Deferred charges and accrued income | 490/1 | €684 | €704 | +€20 | +2.9% |
| Total equity and liabilities | 10/49 | €556,261 | €596,575 | +€40,314 | +7.2% |
| Equity | 10/15 | €59,598 | €50,958 | -€8,641 | -14.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €19,598 | €18,450 | -€1,148 | -5.9% |
| Distributable reserves | 133 | €19,598 | €18,450 | -€1,148 | -5.9% |
| Profit (loss) carried forward | 14 | - | -€7,492 | -€7,492 | |
| Amounts payable | 17/49 | €496,663 | €545,617 | +€48,954 | +9.9% |
| Amounts payable after more than one year | 17 | €485,806 | €543,247 | +€57,441 | +11.8% |
| Financial debts | 170/4 | €269,417 | €288,860 | +€19,443 | +7.2% |
| Other amounts payable | 178/9 | €216,389 | €254,387 | +€37,998 | +17.6% |
| Amounts payable within one year | 42/48 | €10,791 | €2,303 | -€8,488 | -78.7% |
| Trade debts | 44 | €3,300 | €2,303 | -€997 | -30.2% |
| Suppliers | 440/4 | €3,300 | €2,303 | -€997 | -30.2% |
| Taxes, remuneration and social security | 45 | €5,697 | - | -€5,697 | |
| Taxes | 450/3 | €5,697 | - | -€5,697 | |
| Other amounts payable | 47/48 | €1,794 | - | -€1,794 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,734 | €16,755 | +€5,021 | +42.8% |
| Other operating charges | 640/8 | €387 | €1,662 | +€1,275 | +329% |
| Gross operating margin | 9900 | €25,125 | €25,591 | +€466 | +1.9% |
| Operating profit (loss) | 9901 | €13,003 | €7,174 | -€5,830 | -44.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €11,894 | €15,815 | +€3,922 | +33.0% |
| Recurring financial charges | 65 | €11,894 | €15,815 | +€3,922 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €1,110 | -€8,641 | -€9,750 | |
| Income taxes | 67/77 | €389 | - | -€389 | |
| Profit (loss) for the period | 9904 | €721 | -€8,641 | -€9,362 | |
| Profit (loss) for the period to be appropriated | 9905 | €721 | -€8,641 | -€9,362 |
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 25 October 2026 via checked.be.