MANFROY ELECTRO-CUISINES: 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.
MANFROY ELECTRO-CUISINES
Largest movements
- Cash +€203,616
up €203,616 (+169%), from €120,769 to €324,386
mainly Stocks and contracts (+€94,259) and Trade debts (+€46,266)
- Stocks and contracts -€94,259
down €94,259 (-26.6%), from €354,439 to €260,180
- Trade debts +€46,266
up €46,266 (+303%), from €15,244 to €61,511
- Other debts +€29,743
up €29,743 (+522%), from €5,695 to €35,438
- Tax, wage and social debts +€19,089
up €19,089 (+38.4%), from €49,741 to €68,829
of which Taxes: +€15,414
- Reserves +€10,810
up €10,810 (+4.3%), from €249,193 to €260,003
of which Distributable reserves: +€10,810
- Gross operating margin +€101,003
up €101,003 (+76.2%), from €132,617 to €233,620
- Staff costs +€19,803
up €19,803 (+13.8%), from €143,332 to €163,135
- Taxes +€19,029
up €19,029, from -€20 to €19,009
- Financial income -€4,710
down €4,710 (-61.1%), from €7,713 to €3,003
of which Non-recurring financial income: -€4,302
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 | €499,285 | €605,193 | +€105,908 | +21.2% |
| Fixed assets | 21/28 | €13,728 | €8,891 | -€4,837 | -35.2% |
| Tangible fixed assets | 22/27 | €13,567 | €8,729 | -€4,837 | -35.7% |
| Plant, machinery and equipment | 23 | €188 | - | -€188 | |
| Furniture and vehicles | 24 | €13,379 | €8,729 | -€4,649 | -34.8% |
| Financial fixed assets | 28 | €161 | €161 | = | 0.0% |
| Current assets | 29/58 | €485,557 | €596,302 | +€110,745 | +22.8% |
| Stocks and contracts in progress | 3 | €354,439 | €260,180 | -€94,259 | -26.6% |
| Stocks | 30/36 | €354,439 | €260,180 | -€94,259 | -26.6% |
| Amounts receivable within one year | 40/41 | €10,349 | €11,737 | +€1,387 | +13.4% |
| Trade receivables | 40 | €7,043 | €3,169 | -€3,874 | -55.0% |
| Other amounts receivable | 41 | €3,306 | €8,568 | +€5,261 | +159% |
| Cash at bank and in hand | 54/58 | €120,769 | €324,386 | +€203,616 | +169% |
| Total equity and liabilities | 10/49 | €499,285 | €605,193 | +€105,908 | +21.2% |
| Equity | 10/15 | €428,606 | €439,416 | +€10,810 | +2.5% |
| Contributions | 10/11 | €69,410 | €69,410 | = | 0.0% |
| Capital | 10 | €69,410 | €69,410 | = | 0.0% |
| Issued capital | 100 | €69,410 | €69,410 | = | 0.0% |
| Reserves | 13 | €249,193 | €260,003 | +€10,810 | +4.3% |
| Non-distributable reserves | 130/1 | €9,348 | €9,348 | = | 0.0% |
| Legal reserve | 130 | €6,941 | €6,941 | = | 0.0% |
| Other | 1319 | €2,407 | €2,407 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,459 | €6,459 | = | 0.0% |
| Distributable reserves | 133 | €233,387 | €244,197 | +€10,810 | +4.6% |
| Profit (loss) carried forward | 14 | €110,003 | €110,003 | = | 0.0% |
| Amounts payable | 17/49 | €70,680 | €165,777 | +€95,098 | +135% |
| Amounts payable within one year | 42/48 | €70,680 | €165,777 | +€95,098 | +135% |
| Trade debts | 44 | €15,244 | €61,511 | +€46,266 | +303% |
| Suppliers | 440/4 | €15,244 | €61,511 | +€46,266 | +303% |
| Taxes, remuneration and social security | 45 | €49,741 | €68,829 | +€19,089 | +38.4% |
| Taxes | 450/3 | €36,334 | €51,748 | +€15,414 | +42.4% |
| Remuneration and social security | 454/9 | €13,407 | €17,082 | +€3,675 | +27.4% |
| Other amounts payable | 47/48 | €5,695 | €35,438 | +€29,743 | +522% |
| Remuneration, social security and pensions | 62 | €143,332 | €163,135 | +€19,803 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,448 | €5,494 | +€46 | +0.8% |
| Other operating charges | 640/8 | €1,948 | €2,573 | +€626 | +32.1% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | €132,617 | €233,620 | +€101,003 | +76.2% |
| Operating profit (loss) | 9901 | -€18,112 | €62,418 | +€80,530 | |
| Financial income | 75/76B | €7,713 | €3,003 | -€4,710 | -61.1% |
| Recurring financial income | 75 | €3,411 | €3,003 | -€408 | -12.0% |
| Non-recurring financial income | 76B | €4,302 | - | -€4,302 | |
| Financial charges | 65/66B | €2,190 | €3,602 | +€1,413 | +64.5% |
| Recurring financial charges | 65 | €2,190 | €3,602 | +€1,413 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,589 | €61,819 | +€74,408 | |
| Income taxes | 67/77 | -€20 | €19,009 | +€19,029 | |
| Profit (loss) for the period | 9904 | -€12,569 | €42,810 | +€55,379 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,569 | €42,810 | +€55,379 |
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 20 October 2026 via checked.be.