MANENSART SERVICES: what changed
What changed
MANENSART SERVICES
NACE 01.610, Support activities for crop production
filed annual accounts (NBB)
Net result for the year
€21,376
2024 · -€24,777+€46,153
Equity
€56,579
2024 · €35,203+€21,376
Cash
€239
2024 · €489-€250
Balance sheet total
€3.3m
2024 · €2.1m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+144%), from €751,458 to €1.8m
of which Plant, machinery and equipment: +€1.1m
- Stocks and contracts +€62,977
new in 2025: €62,977
- Receivables within one year +€42,439
up €42,439 (+8.9%), from €474,445 to €516,884
of which Other amounts receivable: +€101,106
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+120%), from €1.0m to €2.2m
of which Other amounts payable: +€639,211
- Other debts -€334,150
no longer reported in 2025 (was €334,150)
- Trade debts +€250,252
up €250,252 (+55.5%), from €451,137 to €701,388
- Current portion of long-term debt +€93,524
up €93,524 (+50.6%), from €184,771 to €278,296
- Accrued charges and deferred income -€41,360
down €41,360 (-67.4%), from €61,360 to €20,000
Income statement
- Gross operating margin +€129,898
up €129,898 (+72.0%), from €180,389 to €310,287
- Depreciation +€116,541
up €116,541 (+100%), from €116,179 to €232,720
- Financial charges -€38,554
down €38,554 (-76.7%), from €50,262 to €11,708
- Staff costs +€7,623
up €7,623 (+21.4%), from €35,695 to €43,318
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€24,777
Gross operating margin
+€129,898
Staff costs
-€7,623
Depreciation
-€116,541
Other operating charges
-€38
Other operating items
+€1,903
Financial income
+€0
Financial charges
+€38,554
Result 2025
€21,376
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€6,429
Investment
-€1.3m
Financing
+€1.3m
Cash 2024
€489
From operations (derived)
+€6,429
Net result for the year
+€21,376
Depreciation
+€232,720
Stocks and contracts
-€62,977
Receivables within one year
-€42,439
Deferred charges and accrued income
-€60
Trade debts
+€250,252
Tax, wage and social debts
-€16,933
Other debts
-€334,150
Accrued charges and deferred income
-€41,360
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€1.3m
Debts after one year
+€1.2m
Current portion of long-term debt
+€93,524
Cash 2025
€239
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,097,755 | €3,281,667 | +€1.2m | +56.4% |
| Fixed assets | 21/28 | €1,621,665 | €2,700,351 | +€1.1m | +66.5% |
| Tangible fixed assets | 22/27 | €751,458 | €1,830,144 | +€1.1m | +144% |
| Plant, machinery and equipment | 23 | €732,245 | €1,819,165 | +€1.1m | +148% |
| Furniture and vehicles | 24 | €19,213 | €10,979 | -€8,234 | -42.9% |
| Financial fixed assets | 28 | €870,207 | €870,207 | = | 0.0% |
| Current assets | 29/58 | €476,089 | €581,316 | +€105,227 | +22.1% |
| Stocks and contracts in progress | 3 | - | €62,977 | +€62,977 | |
| Stocks | 30/36 | - | €62,977 | +€62,977 | |
| Amounts receivable within one year | 40/41 | €474,445 | €516,884 | +€42,439 | +8.9% |
| Trade receivables | 40 | €129,321 | €70,654 | -€58,667 | -45.4% |
| Other amounts receivable | 41 | €345,124 | €446,230 | +€101,106 | +29.3% |
| Cash at bank and in hand | 54/58 | €489 | €239 | -€250 | -51.1% |
| Deferred charges and accrued income | 490/1 | €1,155 | €1,215 | +€60 | +5.2% |
| Total equity and liabilities | 10/49 | €2,097,755 | €3,281,667 | +€1.2m | +56.4% |
| Equity | 10/15 | €35,203 | €56,579 | +€21,376 | +60.7% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €2,860 | €2,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,860 | - | -€2,860 | |
| Reserves not available under the articles | 1311 | €2,860 | - | -€2,860 | |
| Distributable reserves | 133 | - | €2,860 | +€2,860 | |
| Profit (loss) carried forward | 14 | €11,095 | €35,220 | +€24,125 | +217% |
| Investment grants | 15 | €5,048 | €2,299 | -€2,749 | -54.5% |
| Amounts payable | 17/49 | €2,062,552 | €3,225,088 | +€1.2m | +56.4% |
| Amounts payable after more than one year | 17 | €1,009,072 | €2,220,275 | +€1.2m | +120% |
| Financial debts | 170/4 | €1,009,072 | €1,581,064 | +€571,992 | +56.7% |
| Other amounts payable | 178/9 | - | €639,211 | +€639,211 | |
| Amounts payable within one year | 42/48 | €992,120 | €984,814 | -€7,307 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €184,771 | €278,296 | +€93,524 | +50.6% |
| Trade debts | 44 | €451,137 | €701,388 | +€250,252 | +55.5% |
| Suppliers | 440/4 | €451,137 | €701,388 | +€250,252 | +55.5% |
| Taxes, remuneration and social security | 45 | €22,062 | €5,130 | -€16,933 | -76.7% |
| Taxes | 450/3 | €9,410 | €4,272 | -€5,138 | -54.6% |
| Remuneration and social security | 454/9 | €12,652 | €858 | -€11,794 | -93.2% |
| Other amounts payable | 47/48 | €334,150 | - | -€334,150 | |
| Accrued charges and deferred income | 492/3 | €61,360 | €20,000 | -€41,360 | -67.4% |
| Remuneration, social security and pensions | 62 | €35,695 | €43,318 | +€7,623 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,179 | €232,720 | +€116,541 | +100% |
| Other operating charges | 640/8 | €1,111 | €1,149 | +€38 | +3.5% |
| Non-recurring operating charges | 66A | €1,920 | €17 | -€1,903 | -99.1% |
| Gross operating margin | 9900 | €180,389 | €310,287 | +€129,898 | +72.0% |
| Operating profit (loss) | 9901 | €25,484 | €33,083 | +€7,599 | +29.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200% |
| Financial charges | 65/66B | €50,262 | €11,708 | -€38,554 | -76.7% |
| Recurring financial charges | 65 | €50,262 | €11,708 | -€38,554 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,777 | €21,376 | +€46,153 | |
| Profit (loss) for the period | 9904 | -€24,777 | €21,376 | +€46,153 | |
| Transfer from tax-exempt reserves | 789 | €10,372 | €2,749 | -€7,623 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,406 | €24,125 | +€38,531 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.