MANAGIMM: 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.
MANAGIMM
Largest movements
- Receivables within one year +€371,569
up €371,569 (+167.7%), from €221,629 to €593,198
of which Trade receivables: +€373,951
- Tangible fixed assets -€17,228
down €17,228 (-20.9%), from €82,569 to €65,342
- Trade debts +€363,072
up €363,072 (+167.5%), from €216,727 to €579,798
- Other debts +€41,439
up €41,439 (+30.6%), from €135,513 to €176,952
- Profit (loss) carried forward -€16,758
down €16,758, from €13,375 to -€3,384
- Tax, wage and social debts -€12,534
down €12,534 (-32.1%), from €38,987 to €26,453
of which Remuneration and social security: -€24,824
- Turnover +€2.2m
new in 2025: €2.2m
- Purchases and services +€1.5m
new in 2025: €1.5m
- Gross operating margin -€482,128
down €482,128 (-39.2%), from €1.2m to €747,129
- Staff costs -€409,587
down €409,587 (-39.3%), from €1.0m to €631,556
- Taxes +€39,964
new in 2025: €39,964
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.
Cash bridge derived
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 | €434,047 | €801,820 | +€367,772 | +84.7% |
| Fixed assets | 21/28 | €82,852 | €65,625 | -€17,228 | -20.8% |
| Tangible fixed assets | 22/27 | €82,569 | €65,342 | -€17,228 | -20.9% |
| Plant, machinery and equipment | 23 | €82,569 | €65,342 | -€17,228 | -20.9% |
| Financial fixed assets | 28 | €283 | €283 | = | 0.0% |
| Current assets | 29/58 | €351,195 | €736,195 | +€385,000 | +109.6% |
| Amounts receivable within one year | 40/41 | €221,629 | €593,198 | +€371,569 | +167.7% |
| Trade receivables | 40 | €186,630 | €560,582 | +€373,951 | +200.4% |
| Other amounts receivable | 41 | €34,999 | €32,617 | -€2,382 | -6.8% |
| Cash at bank and in hand | 54/58 | €87,346 | €92,784 | +€5,438 | +6.2% |
| Deferred charges and accrued income | 490/1 | €42,219 | €50,213 | +€7,994 | +18.9% |
| Total equity and liabilities | 10/49 | €434,047 | €801,820 | +€367,772 | +84.7% |
| Equity | 10/15 | €35,375 | €18,617 | -€16,758 | -47.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,375 | -€3,384 | -€16,758 | |
| Amounts payable | 17/49 | €398,673 | €783,203 | +€384,531 | +96.5% |
| Amounts payable within one year | 42/48 | €391,227 | €783,203 | +€391,976 | +100.2% |
| Trade debts | 44 | €216,727 | €579,798 | +€363,072 | +167.5% |
| Suppliers | 440/4 | €216,727 | €579,798 | +€363,072 | +167.5% |
| Taxes, remuneration and social security | 45 | €38,987 | €26,453 | -€12,534 | -32.1% |
| Taxes | 450/3 | - | €12,290 | +€12,290 | |
| Remuneration and social security | 454/9 | €38,987 | €14,163 | -€24,824 | -63.7% |
| Other amounts payable | 47/48 | €135,513 | €176,952 | +€41,439 | +30.6% |
| Accrued charges and deferred income | 492/3 | €7,446 | - | -€7,446 | |
| Turnover | 70 | - | €2,207,607 | +€2.2m | |
| Non-recurring operating income | 76A | €95,157 | €17 | -€95,140 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,472,500 | +€1.5m | |
| Remuneration, social security and pensions | 62 | €1,041,143 | €631,556 | -€409,587 | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,574 | €21,472 | -€21,102 | -49.6% |
| Other operating charges | 640/8 | €58,467 | €47,054 | -€11,413 | -19.5% |
| Non-recurring operating charges | 66A | €31,731 | €8,175 | -€23,556 | -74.2% |
| Gross operating margin | 9900 | €1,229,257 | €747,129 | -€482,128 | -39.2% |
| Operating profit (loss) | 9901 | €55,342 | €38,872 | -€16,470 | -29.8% |
| Financial income | 75/76B | €94 | €2,573 | +€2,479 | +2634.9% |
| Recurring financial income | 75 | €94 | €2,573 | +€2,479 | +2634.9% |
| Financial charges | 65/66B | €8,397 | €18,240 | +€9,843 | +117.2% |
| Recurring financial charges | 65 | €8,397 | €18,240 | +€9,843 | +117.2% |
| Profit (loss) for the period before taxes | 9903 | €47,040 | €23,206 | -€23,834 | -50.7% |
| Income taxes | 67/77 | - | €39,964 | +€39,964 | |
| Profit (loss) for the period | 9904 | €47,040 | -€16,758 | -€63,798 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,040 | -€16,758 | -€63,798 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.