MANINVEST: 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.
What changed
MANINVEST
NACE 81.100, Combined facilities support activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1,630
2024 · €217,600-€219,230
Equity
€8.8m
2024 · €8.8m-€1,630
Cash
€62,632
2024 · €77,205-€14,573
Balance sheet total
€8.9m
2024 · €8.9m-€34,584
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€251,431
down €251,431 (-91.2%), from €275,766 to €24,334
- Other operating charges -€15,481
down €15,481 (-85.4%), from €18,130 to €2,649
- Depreciation +€12,118
up €12,118 (+98.5%), from €12,303 to €24,421
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.
Result 2024
€217,600
Gross operating margin
-€251,431
Depreciation
-€12,118
Other operating charges
+€15,481
Financial charges
-€117
Deferred taxes and other
+€28,955
Result 2025
-€1,630
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€7,949
Investment
-€6,624
Financing
€0
Cash 2024
€77,205
From operations (derived)
-€7,949
Net result for the year
-€1,630
Depreciation
+€24,421
Receivables within one year
+€1,701
Deferred charges and accrued income
+€513
Provisions
-€1,369
Trade debts
-€584
Other debts
-€31,000
Investment (derived)
-€6,624
Investment in fixed assets (net)
-€6,624
Cash 2025
€62,632
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,914,107 | €8,879,523 | -€34,584 | -0.4% |
| Fixed assets | 21/28 | €8,391,761 | €8,373,964 | -€17,797 | -0.2% |
| Tangible fixed assets | 22/27 | €590,993 | €573,196 | -€17,797 | -3.0% |
| Land and buildings | 22 | €576,770 | €554,628 | -€22,142 | -3.8% |
| Plant, machinery and equipment | 23 | €14,223 | €17,508 | +€3,285 | +23.1% |
| Furniture and vehicles | 24 | - | €1,060 | +€1,060 | |
| Financial fixed assets | 28 | €7,800,768 | €7,800,768 | = | 0.0% |
| Current assets | 29/58 | €522,347 | €505,559 | -€16,787 | -3.2% |
| Amounts receivable within one year | 40/41 | €444,262 | €442,561 | -€1,701 | -0.4% |
| Trade receivables | 40 | - | €299 | +€299 | |
| Other amounts receivable | 41 | €444,262 | €442,262 | -€2,000 | -0.5% |
| Cash at bank and in hand | 54/58 | €77,205 | €62,632 | -€14,573 | -18.9% |
| Deferred charges and accrued income | 490/1 | €879 | €366 | -€513 | -58.4% |
| Total equity and liabilities | 10/49 | €8,914,107 | €8,879,523 | -€34,584 | -0.4% |
| Equity | 10/15 | €8,811,501 | €8,809,871 | -€1,630 | 0.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €8,736,501 | €8,734,871 | -€1,630 | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €203,085 | €198,977 | -€4,108 | -2.0% |
| Distributable reserves | 133 | €8,525,916 | €8,528,394 | +€2,478 | 0.0% |
| Provisions and deferred taxes | 16 | €67,594 | €66,225 | -€1,369 | -2.0% |
| Deferred taxes | 168 | €67,594 | €66,225 | -€1,369 | -2.0% |
| Amounts payable | 17/49 | €35,012 | €3,428 | -€31,584 | -90.2% |
| Amounts payable within one year | 42/48 | €33,216 | €1,632 | -€31,584 | -95.1% |
| Financial debts | 43 | €13 | €13 | = | 0.0% |
| Credit institutions | 430/8 | €13 | €13 | = | 0.0% |
| Trade debts | 44 | €1,978 | €1,393 | -€584 | -29.5% |
| Suppliers | 440/4 | €1,978 | €1,393 | -€584 | -29.5% |
| Other amounts payable | 47/48 | €31,226 | €226 | -€31,000 | -99.3% |
| Accrued charges and deferred income | 492/3 | €1,796 | €1,796 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,303 | €24,421 | +€12,118 | +98.5% |
| Other operating charges | 640/8 | €18,130 | €2,649 | -€15,481 | -85.4% |
| Gross operating margin | 9900 | €275,766 | €24,334 | -€251,431 | -91.2% |
| Operating profit (loss) | 9901 | €245,333 | -€2,735 | -€248,068 | |
| Financial charges | 65/66B | €147 | €264 | +€117 | +79.7% |
| Recurring financial charges | 65 | €147 | €264 | +€117 | +79.7% |
| Profit (loss) for the period before taxes | 9903 | €245,186 | -€3,000 | -€248,185 | |
| Transfer from deferred taxes | 780 | €40,055 | €1,369 | -€38,685 | -96.6% |
| Transfer to deferred taxes | 680 | €67,640 | - | -€67,640 | |
| Profit (loss) for the period | 9904 | €217,600 | -€1,630 | -€219,230 | |
| Transfer from tax-exempt reserves | 789 | €77,836 | €4,108 | -€73,728 | -94.7% |
| Transfer to tax-exempt reserves | 689 | €202,921 | - | -€202,921 | |
| Profit (loss) for the period to be appropriated | 9905 | €92,515 | €2,478 | -€90,037 | -97.3% |
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 27 October 2026 via checked.be.