MANATEC: 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.
MANATEC
Largest movements
- Stocks and contracts +€49,883
up €49,883 (+3.5%), from €1.4m to €1.5m
- Other debts +€50,762
up €50,762 (+3.0%), from €1.7m to €1.7m
- Financial charges -€9,879
down €9,879 (-91.4%), from €10,804 to €924
- Gross operating margin +€181
up €181 (+17.4%), from -€1,038 to -€857
- Other operating charges +€31
up €31 (+3.0%), from €1,030 to €1,060
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 | €1,422,125 | €1,469,371 | +€47,245 | +3.3% |
| Current assets | 29/58 | €1,422,125 | €1,469,371 | +€47,245 | +3.3% |
| Stocks and contracts in progress | 3 | €1,416,359 | €1,466,242 | +€49,883 | +3.5% |
| Stocks | 30/36 | €1,416,359 | €1,466,242 | +€49,883 | +3.5% |
| Cash at bank and in hand | 54/58 | €5,766 | €3,129 | -€2,638 | -45.7% |
| Total equity and liabilities | 10/49 | €1,422,125 | €1,469,371 | +€47,245 | +3.3% |
| Equity | 10/15 | -€247,089 | -€249,931 | -€2,842 | -1.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€265,639 | -€268,481 | -€2,842 | -1.1% |
| Amounts payable | 17/49 | €1,669,214 | €1,719,301 | +€50,087 | +3.0% |
| Amounts payable within one year | 42/48 | €1,669,214 | €1,719,301 | +€50,087 | +3.0% |
| Trade debts | 44 | €925 | €250 | -€675 | -73.0% |
| Suppliers | 440/4 | €925 | €250 | -€675 | -73.0% |
| Other amounts payable | 47/48 | €1,668,289 | €1,719,051 | +€50,762 | +3.0% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | -€1,038 | -€857 | +€181 | +17.4% |
| Operating profit (loss) | 9901 | -€2,067 | -€1,918 | +€150 | +7.2% |
| Financial charges | 65/66B | €10,804 | €924 | -€9,879 | -91.4% |
| Recurring financial charges | 65 | €10,804 | €924 | -€9,879 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,871 | -€2,842 | +€10,029 | +77.9% |
| Profit (loss) for the period | 9904 | -€12,871 | -€2,842 | +€10,029 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,871 | -€2,842 | +€10,029 | +77.9% |
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 15 October 2026 via checked.be.