Manitou Benelux: what changed
What changed
Manitou Benelux
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€3.8m
2024 · €6.4m-€2.5m
Equity
€3.2m
2024 · €3.5m-€316,190
Cash
-
2024 · €60-€60
Balance sheet total
€51.0m
2024 · €48.1m+€2.9m
Largest movements
Assets
- Receivables within one year +€3.9m
up €3.9m (+8.6%), from €45.3m to €49.2m
of which Other amounts receivable: +€4.7m
- Stocks and contracts -€1.1m
down €1.1m (-63.5%), from €1.7m to €613,951
Equity and liabilities
- Trade debts +€4.9m
up €4.9m (+14.8%), from €33.0m to €37.9m
- Other debts -€1.7m
down €1.7m (-28.5%), from €5.8m to €4.1m
Income statement
- Goods and materials +€17.8m
up €17.8m (+13.2%), from €135.2m to €153.0m
of which Purchases: +€15.6m
- Turnover +€14.1m
up €14.1m (+9.3%), from €151.2m to €165.3m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6.4m
Turnover
+€14.1m
Other operating income
-€51,690
Goods and materials
-€17.8m
Services and other goods
+€405,887
Staff costs
-€13,100
Depreciation
-€8,441
Write-downs
+€315,764
Provisions
-€268,584
Other operating charges
-€3,470
Other operating items
-€1,113
Financial income
-€573,649
Financial charges
+€458,676
Taxes
+€916,270
Result 2025
€3.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4.2m
Investment
-€60,172
Financing
-€4.1m
Cash 2024
€60
From operations (derived)
+€4.2m
Net result for the year
+€3.8m
Depreciation
+€45,016
Stocks and contracts
+€1.1m
Receivables within one year
-€3.9m
Deferred charges and accrued income
-€36,876
Provisions
+€13,461
Trade debts
+€4.9m
Tax, wage and social debts
-€128,229
Other debts
-€1.7m
Accrued charges and deferred income
+€50,106
Investment (derived)
-€60,172
Investment in fixed assets (net)
-€60,172
Financing
-€4.1m
Contributions, distributions and other
-€4.1m
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,141,877 | €51,000,500 | +€2.9m | +5.9% |
| Fixed assets | 21/28 | €158,425 | €173,580 | +€15,155 | +9.6% |
| Intangible fixed assets | 21 | €7,899 | €5,111 | -€2,788 | -35.3% |
| Tangible fixed assets | 22/27 | €144,309 | €161,352 | +€17,043 | +11.8% |
| Land and buildings | 22 | €14,554 | €13,467 | -€1,088 | -7.5% |
| Plant, machinery and equipment | 23 | €55,827 | €82,969 | +€27,143 | +48.6% |
| Furniture and vehicles | 24 | €62,671 | €55,948 | -€6,722 | -10.7% |
| Other tangible fixed assets | 26 | €11,257 | €8,968 | -€2,290 | -20.3% |
| Financial fixed assets | 28 | €6,217 | €7,117 | +€900 | +14.5% |
| Affiliated companies | 280/1 | - | €5,000 | +€5,000 | |
| Participating interests | 280 | - | €5,000 | +€5,000 | |
| Companies linked by participating interests | 282/3 | €5,000 | €0 | -€5,000 | -100% |
| Participating interests | 282 | €5,000 | €0 | -€5,000 | -100% |
| Other financial fixed assets | 284/8 | €1,217 | €2,117 | +€900 | +74.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,217 | €2,117 | +€900 | +74.0% |
| Current assets | 29/58 | €47,983,452 | €50,826,920 | +€2.8m | +5.9% |
| Stocks and contracts in progress | 3 | €1,683,134 | €613,951 | -€1.1m | -63.5% |
| Stocks | 30/36 | €1,683,134 | €613,951 | -€1.1m | -63.5% |
| Goods purchased for resale | 34 | €1,683,134 | €613,951 | -€1.1m | -63.5% |
| Amounts receivable within one year | 40/41 | €45,312,258 | €49,188,092 | +€3.9m | +8.6% |
| Trade receivables | 40 | €7,651,276 | €6,838,888 | -€812,388 | -10.6% |
| Other amounts receivable | 41 | €37,660,982 | €42,349,204 | +€4.7m | +12.4% |
| Cash at bank and in hand | 54/58 | €60 | - | -€60 | |
| Deferred charges and accrued income | 490/1 | €988,001 | €1,024,876 | +€36,876 | +3.7% |
| Total equity and liabilities | 10/49 | €48,141,877 | €51,000,500 | +€2.9m | +5.9% |
| Equity | 10/15 | €3,515,304 | €3,199,114 | -€316,190 | -9.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €85,517 | €85,517 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85,517 | €85,517 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Other | 1319 | €35,517 | €35,517 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,929,787 | €2,613,597 | -€316,190 | -10.8% |
| Provisions and deferred taxes | 16 | €1,552,420 | €1,565,881 | +€13,461 | +0.9% |
| Provisions for liabilities and charges | 160/5 | €1,552,420 | €1,565,881 | +€13,461 | +0.9% |
| Pensions and similar obligations | 160 | €27,000 | €46,000 | +€19,000 | +70.4% |
| Taxes | 161 | - | €0 | = | |
| Other liabilities and charges | 164/5 | €1,525,420 | €1,519,881 | -€5,539 | -0.4% |
| Amounts payable | 17/49 | €43,074,153 | €46,235,505 | +€3.2m | +7.3% |
| Amounts payable within one year | 42/48 | €42,061,524 | €45,172,771 | +€3.1m | +7.4% |
| Trade debts | 44 | €33,042,173 | €37,932,673 | +€4.9m | +14.8% |
| Suppliers | 440/4 | €33,042,173 | €37,932,673 | +€4.9m | +14.8% |
| Taxes, remuneration and social security | 45 | €3,219,351 | €3,091,123 | -€128,229 | -4.0% |
| Taxes | 450/3 | €2,183,876 | €2,348,161 | +€164,286 | +7.5% |
| Remuneration and social security | 454/9 | €1,035,476 | €742,961 | -€292,514 | -28.2% |
| Other amounts payable | 47/48 | €5,800,000 | €4,148,975 | -€1.7m | -28.5% |
| Accrued charges and deferred income | 492/3 | €1,012,628 | €1,062,735 | +€50,106 | +4.9% |
| Operating income | 70/76A | €153,275,954 | €167,344,665 | +€14.1m | +9.2% |
| Turnover | 70 | €151,155,892 | €165,276,292 | +€14.1m | +9.3% |
| Other operating income | 74 | €2,120,062 | €2,068,372 | -€51,690 | -2.4% |
| Operating charges | 60/66A | €144,156,972 | €161,545,801 | +€17.4m | +12.1% |
| Goods for resale, raw materials and consumables | 60 | €135,175,326 | €152,991,097 | +€17.8m | +13.2% |
| Purchases | 600/8 | €136,187,905 | €151,740,332 | +€15.6m | +11.4% |
| Change in stocks: decrease (increase) | 609 | -€1,012,579 | €1,250,765 | +€2.3m | |
| Services and other goods | 61 | €5,310,685 | €4,904,798 | -€405,887 | -7.6% |
| Remuneration, social security and pensions | 62 | €3,603,635 | €3,616,735 | +€13,100 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,575 | €45,016 | +€8,441 | +23.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €140,406 | -€175,358 | -€315,764 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€255,124 | €13,461 | +€268,584 | |
| Other operating charges | 640/8 | €145,468 | €148,938 | +€3,470 | +2.4% |
| Non-recurring operating charges | 66A | - | €1,113 | +€1,113 | |
| Operating profit (loss) | 9901 | €9,118,982 | €5,798,864 | -€3.3m | -36.4% |
| Financial income | 75/76B | €1,246,010 | €672,360 | -€573,649 | -46.0% |
| Recurring financial income | 75 | €1,246,010 | €672,360 | -€573,649 | -46.0% |
| Income from current assets | 751 | €1,245,971 | €672,322 | -€573,650 | -46.0% |
| Other financial income | 752/9 | €38 | €38 | +€0 | +0.3% |
| Financial charges | 65/66B | €1,637,618 | €1,178,943 | -€458,676 | -28.0% |
| Recurring financial charges | 65 | €1,637,618 | €1,178,943 | -€458,676 | -28.0% |
| Debt charges | 650 | €3,479 | €9 | -€3,470 | -99.7% |
| Other financial charges | 652/9 | €1,634,140 | €1,178,934 | -€455,206 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €8,727,373 | €5,292,282 | -€3.4m | -39.4% |
| Income taxes | 67/77 | €2,375,766 | €1,459,496 | -€916,270 | -38.6% |
| Taxes | 670/3 | €2,375,766 | €1,470,189 | -€905,577 | -38.1% |
| Tax adjustments and reversals of tax provisions | 77 | - | €10,693 | +€10,693 | |
| Profit (loss) for the period | 9904 | €6,351,607 | €3,832,785 | -€2.5m | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,351,607 | €3,832,785 | -€2.5m | -39.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.