MANAKKER CONSTRUCTIES: 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.
MANAKKER CONSTRUCTIES
Largest movements
- Current investments -€405,453
no longer reported in 2025 (was €405,453)
- Cash +€321,435
up €321,435 (+35092.6%), from €916 to €322,351
mainly Current investments (+€405,453) and Debts after one year (+€205,521)
- Tangible fixed assets +€284,412
up €284,412 (+12.2%), from €2.3m to €2.6m
of which Land and buildings: +€305,432
- Receivables within one year +€81,035
up €81,035 (+22.7%), from €356,636 to €437,671
of which Trade receivables: +€76,361
- Debts after one year +€205,521
up €205,521 (+13.0%), from €1.6m to €1.8m
- Reserves +€77,021
up €77,021 (+7.2%), from €1.1m to €1.1m
of which Distributable reserves: +€84,000
- Current portion of long-term debt -€56,897
down €56,897 (-28.8%), from €197,706 to €140,809
- Tax, wage and social debts +€42,039
up €42,039 (+82.8%), from €50,799 to €92,838
- Financial income +€50,546
up €50,546 (+220.7%), from €22,899 to €73,445
of which Financial income: +€61,825
- Depreciation +€36,012
up €36,012 (+35.7%), from €100,985 to €136,996
- Gross operating margin +€11,727
up €11,727 (+4.9%), from €238,115 to €249,842
- Financial charges +€4,086
up €4,086 (+12.4%), from €32,973 to €37,058
- Taxes +€4,083
up €4,083 (+11.6%), from €35,096 to €39,179
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 | €3,112,391 | €3,394,432 | +€282,042 | +9.1% |
| Fixed assets | 21/28 | €2,338,549 | €2,622,961 | +€284,412 | +12.2% |
| Tangible fixed assets | 22/27 | €2,338,096 | €2,622,507 | +€284,412 | +12.2% |
| Land and buildings | 22 | €2,091,639 | €2,397,071 | +€305,432 | +14.6% |
| Furniture and vehicles | 24 | €217,087 | €201,754 | -€15,333 | -7.1% |
| Leasing and similar rights | 25 | €29,370 | €23,683 | -€5,687 | -19.4% |
| Financial fixed assets | 28 | €453 | €453 | = | 0.0% |
| Current assets | 29/58 | €773,842 | €771,472 | -€2,370 | -0.3% |
| Amounts receivable within one year | 40/41 | €356,636 | €437,671 | +€81,035 | +22.7% |
| Trade receivables | 40 | €152,205 | €228,565 | +€76,361 | +50.2% |
| Other amounts receivable | 41 | €204,431 | €209,106 | +€4,675 | +2.3% |
| Current investments | 50/53 | €405,453 | - | -€405,453 | |
| Cash at bank and in hand | 54/58 | €916 | €322,351 | +€321,435 | +35092.6% |
| Deferred charges and accrued income | 490/1 | €10,837 | €11,450 | +€613 | +5.7% |
| Total equity and liabilities | 10/49 | €3,112,391 | €3,394,432 | +€282,042 | +9.1% |
| Equity | 10/15 | €1,133,707 | €1,210,736 | +€77,029 | +6.8% |
| 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% |
| Reserves | 13 | €1,071,261 | €1,148,282 | +€77,021 | +7.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €204,711 | €197,732 | -€6,979 | -3.4% |
| Distributable reserves | 133 | €860,350 | €944,350 | +€84,000 | +9.8% |
| Profit (loss) carried forward | 14 | €446 | €453 | +€7 | +1.7% |
| Provisions and deferred taxes | 16 | €68,237 | €65,911 | -€2,326 | -3.4% |
| Deferred taxes | 168 | €68,237 | €65,911 | -€2,326 | -3.4% |
| Amounts payable | 17/49 | €1,910,446 | €2,117,786 | +€207,339 | +10.9% |
| Amounts payable after more than one year | 17 | €1,583,827 | €1,789,348 | +€205,521 | +13.0% |
| Financial debts | 170/4 | €1,583,827 | €1,789,348 | +€205,521 | +13.0% |
| Amounts payable within one year | 42/48 | €326,620 | €320,298 | -€6,321 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €197,706 | €140,809 | -€56,897 | -28.8% |
| Financial debts | 43 | €12,406 | - | -€12,406 | |
| Credit institutions | 430/8 | €12,406 | - | -€12,406 | |
| Trade debts | 44 | €58,374 | €78,410 | +€20,036 | +34.3% |
| Suppliers | 440/4 | €58,374 | €78,410 | +€20,036 | +34.3% |
| Taxes, remuneration and social security | 45 | €50,799 | €92,838 | +€42,039 | +82.8% |
| Taxes | 450/3 | €50,799 | €92,838 | +€42,039 | +82.8% |
| Other amounts payable | 47/48 | €7,335 | €8,242 | +€907 | +12.4% |
| Accrued charges and deferred income | 492/3 | - | €8,140 | +€8,140 | |
| Non-recurring operating income | 76A | - | €725 | +€725 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,985 | €136,996 | +€36,012 | +35.7% |
| Other operating charges | 640/8 | €19,628 | €19,878 | +€249 | +1.3% |
| Non-recurring operating charges | 66A | - | €15,473 | +€15,473 | |
| Gross operating margin | 9900 | €238,115 | €249,842 | +€11,727 | +4.9% |
| Operating profit (loss) | 9901 | €117,502 | €77,495 | -€40,007 | -34.0% |
| Financial income | 75/76B | €22,899 | €73,445 | +€50,546 | +220.7% |
| Recurring financial income | 75 | €11,619 | €73,445 | +€61,825 | +532.1% |
| Non-recurring financial income | 76B | €11,279 | - | -€11,279 | |
| Financial charges | 65/66B | €32,973 | €37,058 | +€4,086 | +12.4% |
| Recurring financial charges | 65 | €32,973 | €37,058 | +€4,086 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €107,428 | €113,881 | +€6,453 | +6.0% |
| Transfer from deferred taxes | 780 | €2,326 | €2,326 | = | 0.0% |
| Income taxes | 67/77 | €35,096 | €39,179 | +€4,083 | +11.6% |
| Profit (loss) for the period | 9904 | €74,659 | €77,029 | +€2,370 | +3.2% |
| Transfer from tax-exempt reserves | 789 | €6,979 | €6,979 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,637 | €84,007 | +€2,370 | +2.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.