MANET.BE: 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.
MANET.BE
Largest movements
- Receivables within one year +€2.5m
up €2.5m (+14.7%), from €17.3m to €19.8m
- Reserves +€4.1m
up €4.1m (+22.1%), from €18.8m to €22.9m
of which Distributable reserves: +€3.9m
- Financial charges +€71,291
up €71,291 (+17.2%), from €414,931 to €486,222
- Financial income -€16,543
down €16,543 (-0.3%), from €4.8m to €4.8m
- Other operating charges +€1,646
up €1,646 (+18.7%), from €8,779 to €10,425
- Taxes -€1,508
down €1,508 (-2.2%), from €68,320 to €66,813
- Gross operating margin -€85
down €85 (-1.2%), from -€6,781 to -€6,866
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 | €207,086,062 | €209,465,424 | +€2.4m | +1.1% |
| Fixed assets | 21/28 | €182,966,182 | €182,966,182 | = | 0.0% |
| Financial fixed assets | 28 | €182,966,182 | €182,966,182 | = | 0.0% |
| Current assets | 29/58 | €24,119,880 | €26,499,242 | +€2.4m | +9.9% |
| Amounts receivable within one year | 40/41 | €17,262,212 | €19,803,861 | +€2.5m | +14.7% |
| Other amounts receivable | 41 | €17,262,212 | €19,803,861 | +€2.5m | +14.7% |
| Current investments | 50/53 | €6,264,415 | €6,202,436 | -€61,978 | -1.0% |
| Cash at bank and in hand | 54/58 | €593,253 | €492,944 | -€100,309 | -16.9% |
| Total equity and liabilities | 10/49 | €207,086,062 | €209,465,424 | +€2.4m | +1.1% |
| Equity | 10/15 | €193,741,235 | €197,885,271 | +€4.1m | +2.1% |
| Contributions | 10/11 | €174,960,699 | €174,960,699 | = | 0.0% |
| Capital | 10 | €174,960,699 | €174,960,699 | = | 0.0% |
| Issued capital | 100 | €174,960,699 | €174,960,699 | = | 0.0% |
| Reserves | 13 | €18,780,536 | €22,924,572 | +€4.1m | +22.1% |
| Non-distributable reserves | 130/1 | €1,438,713 | €1,649,486 | +€210,773 | +14.7% |
| Legal reserve | 130 | €1,438,713 | €1,649,486 | +€210,773 | +14.7% |
| Distributable reserves | 133 | €17,341,823 | €21,275,086 | +€3.9m | +22.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,344,827 | €11,580,153 | -€1.8m | -13.2% |
| Amounts payable after more than one year | 17 | €4,150,000 | €2,650,000 | -€1.5m | -36.1% |
| Other amounts payable | 178/9 | €4,150,000 | €2,650,000 | -€1.5m | -36.1% |
| Amounts payable within one year | 42/48 | €9,194,827 | €8,930,153 | -€264,674 | -2.9% |
| Trade debts | 44 | €55 | €0 | -€55 | -100.0% |
| Suppliers | 440/4 | €55 | €0 | -€55 | -100.0% |
| Taxes, remuneration and social security | 45 | €68,320 | €104,635 | +€36,315 | +53.2% |
| Taxes | 450/3 | €68,320 | €104,635 | +€36,315 | +53.2% |
| Other amounts payable | 47/48 | €9,126,452 | €8,825,518 | -€300,934 | -3.3% |
| Other operating charges | 640/8 | €8,779 | €10,425 | +€1,646 | +18.7% |
| Gross operating margin | 9900 | -€6,781 | -€6,866 | -€85 | -1.2% |
| Operating profit (loss) | 9901 | -€15,560 | -€17,290 | -€1,731 | -11.1% |
| Financial income | 75/76B | €4,802,332 | €4,785,790 | -€16,543 | -0.3% |
| Recurring financial income | 75 | €4,802,332 | €4,785,790 | -€16,543 | -0.3% |
| Financial charges | 65/66B | €414,931 | €486,222 | +€71,291 | +17.2% |
| Recurring financial charges | 65 | €414,931 | €486,222 | +€71,291 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €4,371,842 | €4,282,277 | -€89,565 | -2.0% |
| Income taxes | 67/77 | €68,320 | €66,813 | -€1,508 | -2.2% |
| Profit (loss) for the period | 9904 | €4,303,521 | €4,215,464 | -€88,057 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,303,521 | €4,215,464 | -€88,057 | -2.0% |
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 10 October 2026 via checked.be.