MANMAG: 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.
MANMAG
Largest movements
- Receivables within one year +€423,395
up €423,395 (+170%), from €248,437 to €671,832
of which Other amounts receivable: +€477,515
- Cash +€39,108
up €39,108 (+61,231%), from €64 to €39,172
mainly Advances received (+€559,839) and Depreciation (+€59,165)
- Advances received +€559,839
up €559,839 (+385%), from €145,555 to €705,394
- Trade debts -€115,122
down €115,122 (-50.8%), from €226,624 to €111,502
- Reserves +€14,897
up €14,897 (+292%), from €5,097 to €19,994
- Turnover +€642,961
new in 2024: €642,961
- Purchases and services +€563,989
new in 2024: €563,989
- Gross operating margin +€25,986
up €25,986 (+49.0%), from €52,986 to €78,972
- Depreciation +€12,174
up €12,174 (+25.9%), from €46,991 to €59,165
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €381,836 | €846,985 | +€465,149 | +122% |
| Fixed assets | 21/28 | €133,335 | €135,981 | +€2,646 | +2.0% |
| Tangible fixed assets | 22/27 | €133,335 | €135,981 | +€2,646 | +2.0% |
| Plant, machinery and equipment | 23 | €4,221 | €3,895 | -€325 | -7.7% |
| Furniture and vehicles | 24 | €100,034 | €94,502 | -€5,531 | -5.5% |
| Other tangible fixed assets | 26 | €29,081 | €37,583 | +€8,502 | +29.2% |
| Current assets | 29/58 | €248,501 | €711,004 | +€462,503 | +186% |
| Amounts receivable within one year | 40/41 | €248,437 | €671,832 | +€423,395 | +170% |
| Trade receivables | 40 | €81,601 | €27,482 | -€54,120 | -66.3% |
| Other amounts receivable | 41 | €166,836 | €644,350 | +€477,515 | +286% |
| Cash at bank and in hand | 54/58 | €64 | €39,172 | +€39,108 | +61,231% |
| Total equity and liabilities | 10/49 | €381,836 | €846,985 | +€465,149 | +122% |
| Equity | 10/15 | €6,097 | €20,994 | +€14,897 | +244% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €5,097 | €19,994 | +€14,897 | +292% |
| Distributable reserves | 133 | €5,097 | €19,994 | +€14,897 | +292% |
| Amounts payable | 17/49 | €375,739 | €825,991 | +€450,252 | +120% |
| Amounts payable within one year | 42/48 | €375,739 | €825,991 | +€450,252 | +120% |
| Trade debts | 44 | €226,624 | €111,502 | -€115,122 | -50.8% |
| Suppliers | 440/4 | €226,624 | €111,502 | -€115,122 | -50.8% |
| Advances received on contracts in progress | 46 | €145,555 | €705,394 | +€559,839 | +385% |
| Taxes, remuneration and social security | 45 | €3,560 | €9,095 | +€5,535 | +155% |
| Taxes | 450/3 | €3,560 | €9,095 | +€5,535 | +155% |
| Turnover | 70 | - | €642,961 | +€642,961 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €563,989 | +€563,989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,991 | €59,165 | +€12,174 | +25.9% |
| Other operating charges | 640/8 | €3,563 | €4,781 | +€1,219 | +34.2% |
| Gross operating margin | 9900 | €52,986 | €78,972 | +€25,986 | +49.0% |
| Operating profit (loss) | 9901 | €2,432 | €15,026 | +€12,593 | +518% |
| Financial income | 75/76B | €3,444 | €7,577 | +€4,133 | +120% |
| Recurring financial income | 75 | €3,444 | €7,577 | +€4,133 | +120% |
| Financial charges | 65/66B | €172 | €1,517 | +€1,345 | +784% |
| Recurring financial charges | 65 | €172 | €1,517 | +€1,345 | +784% |
| Profit (loss) for the period before taxes | 9903 | €5,705 | €21,085 | +€15,381 | +270% |
| Income taxes | 67/77 | €2,906 | €6,188 | +€3,282 | +113% |
| Profit (loss) for the period | 9904 | €2,798 | €14,897 | +€12,099 | +432% |
| Profit (loss) for the period to be appropriated | 9905 | €2,798 | €14,897 | +€12,099 | +432% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.