MANEGE STEENBERG: 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.
MANEGE STEENBERG
Largest movements
- Tangible fixed assets -€14,568
down €14,568 (-27.5%), from €52,963 to €38,395
of which Other tangible fixed assets: -€8,860
- Cash -€3,433
down €3,433 (-38.0%), from €9,029 to €5,596
mainly Other debts (-€12,437) and Net result for the year (-€9,694)
- Other debts -€12,437
down €12,437 (-2.5%), from €496,912 to €484,475
- Profit (loss) carried forward -€9,694
down €9,694 (-2.1%), from -€462,342 to -€472,036
- Advances received +€4,900
new in 2025: €4,900
- Trade debts -€4,430
down €4,430 (-71.9%), from €6,158 to €1,728
- Tax, wage and social debts +€3,451
up €3,451 (+84.1%), from €4,105 to €7,556
of which Taxes: +€3,069
- Staff costs +€530
up €530 (+3.9%), from €13,626 to €14,156
- Gross operating margin -€292
down €292 (-1.3%), from €22,358 to €22,066
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 | €63,433 | €45,223 | -€18,211 | -28.7% |
| Fixed assets | 21/28 | €52,963 | €38,395 | -€14,568 | -27.5% |
| Tangible fixed assets | 22/27 | €52,963 | €38,395 | -€14,568 | -27.5% |
| Land and buildings | 22 | €14,587 | €13,342 | -€1,245 | -8.5% |
| Plant, machinery and equipment | 23 | €11,795 | €7,333 | -€4,463 | -37.8% |
| Other tangible fixed assets | 26 | €26,580 | €17,720 | -€8,860 | -33.3% |
| Current assets | 29/58 | €10,471 | €6,828 | -€3,643 | -34.8% |
| Amounts receivable within one year | 40/41 | €26 | €0 | -€26 | -100.0% |
| Other amounts receivable | 41 | €26 | €0 | -€26 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,029 | €5,596 | -€3,433 | -38.0% |
| Deferred charges and accrued income | 490/1 | €1,416 | €1,232 | -€184 | -13.0% |
| Total equity and liabilities | 10/49 | €63,433 | €45,223 | -€18,211 | -28.7% |
| Equity | 10/15 | -€443,742 | -€453,436 | -€9,694 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€462,342 | -€472,036 | -€9,694 | -2.1% |
| Amounts payable | 17/49 | €507,175 | €498,659 | -€8,517 | -1.7% |
| Amounts payable within one year | 42/48 | €507,175 | €498,659 | -€8,517 | -1.7% |
| Trade debts | 44 | €6,158 | €1,728 | -€4,430 | -71.9% |
| Suppliers | 440/4 | €6,158 | €1,728 | -€4,430 | -71.9% |
| Advances received on contracts in progress | 46 | - | €4,900 | +€4,900 | |
| Taxes, remuneration and social security | 45 | €4,105 | €7,556 | +€3,451 | +84.1% |
| Taxes | 450/3 | €1,955 | €5,024 | +€3,069 | +157.0% |
| Remuneration and social security | 454/9 | €2,150 | €2,531 | +€382 | +17.7% |
| Other amounts payable | 47/48 | €496,912 | €484,475 | -€12,437 | -2.5% |
| Non-recurring operating income | 76A | €1,900 | €0 | -€1,900 | -100.0% |
| Remuneration, social security and pensions | 62 | €13,626 | €14,156 | +€530 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,568 | €15,568 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,644 | €1,857 | +€213 | +12.9% |
| Gross operating margin | 9900 | €22,358 | €22,066 | -€292 | -1.3% |
| Operating profit (loss) | 9901 | -€8,480 | -€9,515 | -€1,035 | -12.2% |
| Financial income | 75/76B | €28 | €109 | +€81 | +286.2% |
| Recurring financial income | 75 | €28 | €109 | +€81 | +286.2% |
| Financial charges | 65/66B | €245 | €289 | +€44 | +17.8% |
| Recurring financial charges | 65 | €245 | €289 | +€44 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,696 | -€9,694 | -€998 | -11.5% |
| Profit (loss) for the period | 9904 | -€8,696 | -€9,694 | -€998 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,696 | -€9,694 | -€998 | -11.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.