MANAGIMAGE: what changed
Two fiscal 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.
MANAGIMAGE
Largest movements
- Receivables within one year +€362,148
up €362,148 (+25.1%), from €1.4m to €1.8m
of which Other amounts receivable: +€353,372
- Tangible fixed assets -€263,216
down €263,216 (-14.4%), from €1.8m to €1.6m
of which Leasing and similar rights: -€259,276
- Cash +€55,299
up €55,299 (+355.0%), from €15,578 to €70,877
mainly Other debts (+€624,977) and Depreciation (+€263,216)
- Other debts +€624,977
up €624,977 (+50.4%), from €1.2m to €1.9m
- Debts after one year -€276,936
down €276,936 (-14.9%), from €1.9m to €1.6m
- Trade debts -€112,674
down €112,674 (-91.3%), from €123,381 to €10,707
- Tax, wage and social debts -€89,061
no longer reported in 2024 (was €89,061)
- Financial charges +€6,281
up €6,281 (+6.2%), from €101,142 to €107,423
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,284,732 | €3,438,963 | +€154,231 | +4.7% |
| Fixed assets | 21/28 | €1,827,302 | €1,564,087 | -€263,216 | -14.4% |
| Tangible fixed assets | 22/27 | €1,827,302 | €1,564,087 | -€263,216 | -14.4% |
| Plant, machinery and equipment | 23 | €5,774 | €2,776 | -€2,997 | -51.9% |
| Leasing and similar rights | 25 | €1,814,931 | €1,555,655 | -€259,276 | -14.3% |
| Other tangible fixed assets | 26 | €6,598 | €5,656 | -€943 | -14.3% |
| Current assets | 29/58 | €1,457,429 | €1,874,876 | +€417,446 | +28.6% |
| Amounts receivable within one year | 40/41 | €1,441,851 | €1,803,999 | +€362,148 | +25.1% |
| Trade receivables | 40 | €415,267 | €424,042 | +€8,775 | +2.1% |
| Other amounts receivable | 41 | €1,026,584 | €1,379,957 | +€353,372 | +34.4% |
| Cash at bank and in hand | 54/58 | €15,578 | €70,877 | +€55,299 | +355.0% |
| Total equity and liabilities | 10/49 | €3,284,732 | €3,438,963 | +€154,231 | +4.7% |
| Equity | 10/15 | -€334,327 | -€339,397 | -€5,070 | -1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€559,840 | -€541,577 | +€18,263 | +3.3% |
| Investment grants | 15 | €163,513 | €140,180 | -€23,333 | -14.3% |
| Amounts payable | 17/49 | €3,619,059 | €3,778,360 | +€159,301 | +4.4% |
| Amounts payable after more than one year | 17 | €1,860,148 | €1,583,212 | -€276,936 | -14.9% |
| Financial debts | 170/4 | €1,860,148 | €1,583,212 | -€276,936 | -14.9% |
| Amounts payable within one year | 42/48 | €1,718,502 | €2,153,668 | +€435,167 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €265,010 | €276,936 | +€11,925 | +4.5% |
| Trade debts | 44 | €123,381 | €10,707 | -€112,674 | -91.3% |
| Suppliers | 440/4 | €123,381 | €10,707 | -€112,674 | -91.3% |
| Taxes, remuneration and social security | 45 | €89,061 | - | -€89,061 | |
| Taxes | 450/3 | €89,061 | - | -€89,061 | |
| Other amounts payable | 47/48 | €1,241,049 | €1,866,025 | +€624,977 | +50.4% |
| Accrued charges and deferred income | 492/3 | €40,409 | €41,479 | +€1,070 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263,216 | €263,216 | = | 0.0% |
| Other operating charges | 640/8 | €960 | €1,070 | +€110 | +11.4% |
| Gross operating margin | 9900 | €365,318 | €366,639 | +€1,321 | +0.4% |
| Operating profit (loss) | 9901 | €101,142 | €102,353 | +€1,211 | +1.2% |
| Financial income | 75/76B | €23,816 | €23,333 | -€483 | -2.0% |
| Recurring financial income | 75 | €23,816 | €23,333 | -€483 | -2.0% |
| Financial charges | 65/66B | €101,142 | €107,423 | +€6,281 | +6.2% |
| Recurring financial charges | 65 | €101,142 | €107,423 | +€6,281 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €23,816 | €18,263 | -€5,553 | -23.3% |
| Profit (loss) for the period | 9904 | €23,816 | €18,263 | -€5,553 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,816 | €18,263 | -€5,553 | -23.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.