MANIET BUILDING CONCEPT: 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.
MANIET BUILDING CONCEPT
Largest movements
- Receivables within one year -€155,731
down €155,731 (-54.6%), from €285,396 to €129,665
of which Trade receivables: -€104,254
- Cash -€91,844
down €91,844 (-41.6%), from €220,847 to €129,003
mainly Other debts (-€168,530) and Trade debts (-€79,434)
- Tangible fixed assets -€32,173
down €32,173 (-17.1%), from €188,326 to €156,153
- Other debts -€168,530
down €168,530 (-46.7%), from €360,989 to €192,459
- Trade debts -€79,434
down €79,434 (-71.8%), from €110,576 to €31,142
- Current portion of long-term debt -€48,767
no longer reported in 2025 (was €48,767)
- Reserves +€14,693
up €14,693 (+10.1%), from €145,373 to €160,066
of which Distributable reserves: +€14,693
- Gross operating margin -€183,556
down €183,556 (-46.2%), from €397,339 to €213,783
- Financial charges -€24,159
down €24,159 (-89.7%), from €26,923 to €2,764
- Staff costs -€23,423
down €23,423 (-13.1%), from €179,472 to €156,049
- Depreciation +€4,094
up €4,094 (+14.6%), from €28,079 to €32,173
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 | €703,476 | €426,212 | -€277,264 | -39.4% |
| Fixed assets | 21/28 | €193,837 | €161,664 | -€32,173 | -16.6% |
| Tangible fixed assets | 22/27 | €188,326 | €156,153 | -€32,173 | -17.1% |
| Land and buildings | 22 | €103,632 | €92,117 | -€11,515 | -11.1% |
| Plant, machinery and equipment | 23 | €65,842 | €52,184 | -€13,658 | -20.7% |
| Furniture and vehicles | 24 | €18,852 | €11,852 | -€7,000 | -37.1% |
| Financial fixed assets | 28 | €5,511 | €5,511 | = | 0.0% |
| Current assets | 29/58 | €509,639 | €264,548 | -€245,091 | -48.1% |
| Amounts receivable within one year | 40/41 | €285,396 | €129,665 | -€155,731 | -54.6% |
| Trade receivables | 40 | €233,919 | €129,665 | -€104,254 | -44.6% |
| Other amounts receivable | 41 | €51,477 | - | -€51,477 | |
| Cash at bank and in hand | 54/58 | €220,847 | €129,003 | -€91,844 | -41.6% |
| Deferred charges and accrued income | 490/1 | €3,396 | €5,880 | +€2,484 | +73.1% |
| Total equity and liabilities | 10/49 | €703,476 | €426,212 | -€277,264 | -39.4% |
| Equity | 10/15 | €163,973 | €178,666 | +€14,693 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,373 | €160,066 | +€14,693 | +10.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €143,513 | €158,206 | +€14,693 | +10.2% |
| Amounts payable | 17/49 | €539,503 | €247,546 | -€291,957 | -54.1% |
| Amounts payable within one year | 42/48 | €539,503 | €246,046 | -€293,457 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €48,767 | - | -€48,767 | |
| Trade debts | 44 | €110,576 | €31,142 | -€79,434 | -71.8% |
| Suppliers | 440/4 | €110,576 | €31,142 | -€79,434 | -71.8% |
| Taxes, remuneration and social security | 45 | €19,171 | €22,445 | +€3,274 | +17.1% |
| Taxes | 450/3 | €8,000 | €19,225 | +€11,225 | +140% |
| Remuneration and social security | 454/9 | €11,171 | €3,220 | -€7,951 | -71.2% |
| Other amounts payable | 47/48 | €360,989 | €192,459 | -€168,530 | -46.7% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Non-recurring operating income | 76A | €336,000 | - | -€336,000 | |
| Remuneration, social security and pensions | 62 | €179,472 | €156,049 | -€23,423 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,079 | €32,173 | +€4,094 | +14.6% |
| Other operating charges | 640/8 | €8,793 | €8,104 | -€689 | -7.8% |
| Non-recurring operating charges | 66A | €17,438 | - | -€17,438 | |
| Gross operating margin | 9900 | €397,339 | €213,783 | -€183,556 | -46.2% |
| Operating profit (loss) | 9901 | €163,557 | €17,457 | -€146,100 | -89.3% |
| Financial charges | 65/66B | €26,923 | €2,764 | -€24,159 | -89.7% |
| Recurring financial charges | 65 | €26,923 | €2,764 | -€24,159 | -89.7% |
| Profit (loss) for the period before taxes | 9903 | €136,634 | €14,693 | -€121,941 | -89.2% |
| Profit (loss) for the period | 9904 | €136,634 | €14,693 | -€121,941 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €136,634 | €14,693 | -€121,941 | -89.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.