MANIET@WORK: what changed
Two fiscal 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@WORK
Largest movements
- Cash -€27,097
down €27,097 (-65.7%), from €41,223 to €14,126
mainly Net result for the year (-€26,258) and Debts after one year (-€5,040)
- Tangible fixed assets -€6,629
down €6,629 (-46.8%), from €14,169 to €7,540
of which Leasing and similar rights: -€6,216
- Receivables within one year +€3,478
up €3,478 (+47.3%), from €7,360 to €10,839
of which Trade receivables: +€2,599
- Deferred charges and accrued income +€1,215
up €1,215 (+58.5%), from €2,077 to €3,291
- Profit (loss) carried forward -€26,258
down €26,258, from €0 to -€26,258
- Debts after one year -€5,040
down €5,040 (-100.0%), from €5,040 to €0
- Other debts +€2,068
up €2,068 (+33.0%), from €6,268 to €8,336
- Current portion of long-term debt -€977
down €977 (-16.2%), from €6,017 to €5,040
- Trade debts +€913
up €913, from €0 to €913
- Gross operating margin -€39,316
down €39,316, from €22,571 to -€16,745
- Taxes -€4,154
down €4,154 (-94.1%), from €4,415 to €261
- Financial charges +€646
up €646 (+152.0%), from €425 to €1,071
- Depreciation +€523
up €523 (+7.3%), from €7,123 to €7,646
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 | €64,829 | €35,796 | -€29,033 | -44.8% |
| Fixed assets | 21/28 | €14,169 | €7,540 | -€6,629 | -46.8% |
| Tangible fixed assets | 22/27 | €14,169 | €7,540 | -€6,629 | -46.8% |
| Plant, machinery and equipment | 23 | €1,009 | €1,190 | +€181 | +18.0% |
| Furniture and vehicles | 24 | €2,580 | €1,985 | -€595 | -23.1% |
| Leasing and similar rights | 25 | €10,581 | €4,365 | -€6,216 | -58.7% |
| Current assets | 29/58 | €50,660 | €28,256 | -€22,404 | -44.2% |
| Amounts receivable within one year | 40/41 | €7,360 | €10,839 | +€3,478 | +47.3% |
| Trade receivables | 40 | €642 | €3,241 | +€2,599 | +404.6% |
| Other amounts receivable | 41 | €6,718 | €7,598 | +€880 | +13.1% |
| Cash at bank and in hand | 54/58 | €41,223 | €14,126 | -€27,097 | -65.7% |
| Deferred charges and accrued income | 490/1 | €2,077 | €3,291 | +€1,215 | +58.5% |
| Total equity and liabilities | 10/49 | €64,829 | €35,796 | -€29,033 | -44.8% |
| Equity | 10/15 | €47,504 | €21,246 | -€26,258 | -55.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,904 | €28,904 | = | 0.0% |
| Distributable reserves | 133 | €28,904 | €28,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€26,258 | -€26,258 | |
| Amounts payable | 17/49 | €17,325 | €14,550 | -€2,775 | -16.0% |
| Amounts payable after more than one year | 17 | €5,040 | €0 | -€5,040 | -100.0% |
| Financial debts | 170/4 | €5,040 | €0 | -€5,040 | -100.0% |
| Amounts payable within one year | 42/48 | €12,285 | €14,550 | +€2,265 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €6,017 | €5,040 | -€977 | -16.2% |
| Trade debts | 44 | €0 | €913 | +€913 | |
| Suppliers | 440/4 | €0 | €913 | +€913 | |
| Taxes, remuneration and social security | 45 | €0 | €261 | +€261 | |
| Taxes | 450/3 | €0 | €261 | +€261 | |
| Other amounts payable | 47/48 | €6,268 | €8,336 | +€2,068 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,123 | €7,646 | +€523 | +7.3% |
| Other operating charges | 640/8 | €630 | €650 | +€20 | +3.2% |
| Gross operating margin | 9900 | €22,571 | -€16,745 | -€39,316 | |
| Operating profit (loss) | 9901 | €14,818 | -€25,041 | -€39,859 | |
| Financial income | 75/76B | €0 | €116 | +€116 | |
| Recurring financial income | 75 | €0 | €116 | +€116 | |
| Financial charges | 65/66B | €425 | €1,071 | +€646 | +152.0% |
| Recurring financial charges | 65 | €425 | €1,071 | +€646 | +152.0% |
| Profit (loss) for the period before taxes | 9903 | €14,393 | -€25,997 | -€40,390 | |
| Income taxes | 67/77 | €4,415 | €261 | -€4,154 | -94.1% |
| Profit (loss) for the period | 9904 | €9,978 | -€26,258 | -€36,236 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,978 | -€26,258 | -€36,236 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.