MANN: 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.
MANN
Largest movements
- Receivables within one year +€13,905
up €13,905 (+452.9%), from €3,070 to €16,975
of which Other amounts receivable: +€13,815
- Stocks and contracts +€8,200
up €8,200 (+23.8%), from €34,510 to €42,710
- Tangible fixed assets -€7,745
down €7,745 (-3.8%), from €206,229 to €198,485
of which Furniture and vehicles: -€5,859
- Reserves +€67,454
up €67,454 (+78.2%), from €86,233 to €153,687
- Other debts -€60,955
down €60,955 (-100.0%), from €60,955 to €0
- Trade debts +€24,456
up €24,456 (+159.4%), from €15,339 to €39,795
- Debts after one year -€13,945
down €13,945 (-19.8%), from €70,553 to €56,607
- Current portion of long-term debt -€4,422
down €4,422 (-24.1%), from €18,367 to €13,945
- Gross operating margin +€40,691
up €40,691 (+89.8%), from €45,322 to €86,012
- Other operating charges -€1,758
down €1,758 (-32.1%), from €5,473 to €3,716
- Depreciation +€1,358
up €1,358 (+11.4%), from €11,932 to €13,291
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 | €272,247 | €287,324 | +€15,077 | +5.5% |
| Fixed assets | 21/28 | €206,229 | €198,485 | -€7,745 | -3.8% |
| Tangible fixed assets | 22/27 | €206,229 | €198,485 | -€7,745 | -3.8% |
| Land and buildings | 22 | €191,825 | €188,504 | -€3,321 | -1.7% |
| Plant, machinery and equipment | 23 | €498 | €1,933 | +€1,435 | +288.3% |
| Furniture and vehicles | 24 | €13,907 | €8,048 | -€5,859 | -42.1% |
| Current assets | 29/58 | €66,018 | €88,839 | +€22,821 | +34.6% |
| Stocks and contracts in progress | 3 | €34,510 | €42,710 | +€8,200 | +23.8% |
| Stocks | 30/36 | €34,510 | €42,710 | +€8,200 | +23.8% |
| Amounts receivable within one year | 40/41 | €3,070 | €16,975 | +€13,905 | +452.9% |
| Trade receivables | 40 | €145 | €235 | +€90 | +62.1% |
| Other amounts receivable | 41 | €2,925 | €16,740 | +€13,815 | +472.3% |
| Cash at bank and in hand | 54/58 | €28,438 | €29,154 | +€717 | +2.5% |
| Total equity and liabilities | 10/49 | €272,247 | €287,324 | +€15,077 | +5.5% |
| Equity | 10/15 | €104,833 | €172,287 | +€67,454 | +64.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,233 | €153,687 | +€67,454 | +78.2% |
| Distributable reserves | 133 | €86,233 | €153,687 | +€67,454 | +78.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €167,414 | €115,037 | -€52,377 | -31.3% |
| Amounts payable after more than one year | 17 | €70,553 | €56,607 | -€13,945 | -19.8% |
| Financial debts | 170/4 | €70,553 | €56,607 | -€13,945 | -19.8% |
| Amounts payable within one year | 42/48 | €96,862 | €58,430 | -€38,432 | -39.7% |
| Current portion of amounts payable after more than one year | 42 | €18,367 | €13,945 | -€4,422 | -24.1% |
| Trade debts | 44 | €15,339 | €39,795 | +€24,456 | +159.4% |
| Suppliers | 440/4 | €15,339 | €39,795 | +€24,456 | +159.4% |
| Taxes, remuneration and social security | 45 | €2,200 | €4,689 | +€2,489 | +113.1% |
| Taxes | 450/3 | - | €2,489 | +€2,489 | |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €60,955 | €0 | -€60,955 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,932 | €13,291 | +€1,358 | +11.4% |
| Other operating charges | 640/8 | €5,473 | €3,716 | -€1,758 | -32.1% |
| Gross operating margin | 9900 | €45,322 | €86,012 | +€40,691 | +89.8% |
| Operating profit (loss) | 9901 | €27,916 | €69,006 | +€41,090 | +147.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,969 | €1,553 | -€417 | -21.2% |
| Recurring financial charges | 65 | €1,969 | €1,553 | -€417 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €25,947 | €67,454 | +€41,507 | +160.0% |
| Income taxes | 67/77 | €843 | €0 | -€843 | -100.0% |
| Profit (loss) for the period | 9904 | €25,104 | €67,454 | +€42,349 | +168.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,104 | €67,454 | +€42,349 | +168.7% |
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 8 October 2026 via checked.be.