ManMark: 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.
ManMark
Largest movements
- Cash -€53,837
down €53,837 (-43.2%), from €124,489 to €70,653
mainly Contributions, distributions and other (-€531,228) and Debts after one year (-€12,054)
- Tangible fixed assets -€31,323
down €31,323 (-24.5%), from €127,753 to €96,431
of which Furniture and vehicles: -€31,268
- Reserves -€148,941
down €148,941 (-47.9%), from €310,802 to €161,861
- Tax, wage and social debts +€85,544
up €85,544 (+1,384%), from €6,180 to €91,724
- Debts after one year -€12,054
down €12,054 (-25.0%), from €48,187 to €36,133
- Other debts -€10,116
down €10,116 (-100%), from €10,116 to €0
- Gross operating margin +€273,003
up €273,003 (+104%), from €261,695 to €534,698
- Taxes +€63,991
up €63,991 (+107%), from €59,802 to €123,793
- Depreciation +€19,172
up €19,172 (+263%), from €7,299 to €26,471
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 | €390,877 | €304,201 | -€86,677 | -22.2% |
| Fixed assets | 21/28 | €188,733 | €154,410 | -€34,323 | -18.2% |
| Tangible fixed assets | 22/27 | €127,753 | €96,431 | -€31,323 | -24.5% |
| Plant, machinery and equipment | 23 | €2,162 | €2,863 | +€701 | +32.4% |
| Furniture and vehicles | 24 | €123,387 | €92,119 | -€31,268 | -25.3% |
| Other tangible fixed assets | 26 | €2,204 | €1,449 | -€756 | -34.3% |
| Financial fixed assets | 28 | €60,980 | €57,980 | -€3,000 | -4.9% |
| Current assets | 29/58 | €202,145 | €149,790 | -€52,354 | -25.9% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €62,924 | €64,063 | +€1,139 | +1.8% |
| Trade receivables | 40 | €44,721 | €39,407 | -€5,314 | -11.9% |
| Other amounts receivable | 41 | €18,204 | €24,656 | +€6,452 | +35.4% |
| Cash at bank and in hand | 54/58 | €124,489 | €70,653 | -€53,837 | -43.2% |
| Deferred charges and accrued income | 490/1 | €4,731 | €5,075 | +€344 | +7.3% |
| Total equity and liabilities | 10/49 | €390,877 | €304,201 | -€86,677 | -22.2% |
| Equity | 10/15 | €311,042 | €162,101 | -€148,941 | -47.9% |
| Contributions | 10/11 | €240 | €240 | = | 0.0% |
| Reserves | 13 | €310,802 | €161,861 | -€148,941 | -47.9% |
| Distributable reserves | 133 | €310,802 | €161,861 | -€148,941 | -47.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,835 | €142,099 | +€62,264 | +78.0% |
| Amounts payable after more than one year | 17 | €48,187 | €36,133 | -€12,054 | -25.0% |
| Financial debts | 170/4 | €48,187 | €36,133 | -€12,054 | -25.0% |
| Amounts payable within one year | 42/48 | €30,126 | €105,319 | +€75,193 | +250% |
| Current portion of amounts payable after more than one year | 42 | €9,813 | €11,145 | +€1,331 | +13.6% |
| Financial debts | 43 | €1,007 | €17 | -€990 | -98.3% |
| Credit institutions | 430/8 | €1,007 | €17 | -€990 | -98.3% |
| Trade debts | 44 | €3,010 | €2,434 | -€576 | -19.1% |
| Suppliers | 440/4 | €3,010 | €2,434 | -€576 | -19.1% |
| Taxes, remuneration and social security | 45 | €6,180 | €91,724 | +€85,544 | +1,384% |
| Taxes | 450/3 | €6,180 | €91,724 | +€85,544 | +1,384% |
| Other amounts payable | 47/48 | €10,116 | €0 | -€10,116 | -100% |
| Accrued charges and deferred income | 492/3 | €1,523 | €647 | -€875 | -57.5% |
| Non-recurring operating income | 76A | - | €9,860 | +€9,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,299 | €26,471 | +€19,172 | +263% |
| Other operating charges | 640/8 | €125 | €70 | -€55 | -43.9% |
| Gross operating margin | 9900 | €261,695 | €534,698 | +€273,003 | +104% |
| Operating profit (loss) | 9901 | €254,270 | €508,156 | +€253,886 | +99.8% |
| Financial income | 75/76B | €800 | €800 | +€0 | 0.0% |
| Recurring financial income | 75 | €800 | €800 | +€0 | 0.0% |
| Financial charges | 65/66B | €1,467 | €2,877 | +€1,410 | +96.2% |
| Recurring financial charges | 65 | €1,467 | €2,877 | +€1,410 | +96.2% |
| Profit (loss) for the period before taxes | 9903 | €253,604 | €506,079 | +€252,476 | +99.6% |
| Income taxes | 67/77 | €59,802 | €123,793 | +€63,991 | +107% |
| Profit (loss) for the period | 9904 | €193,802 | €382,287 | +€188,485 | +97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €193,802 | €382,287 | +€188,485 | +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 17 October 2026 via checked.be.