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
- Cash -€33,964
down €33,964 (-95.3%), from €35,642 to €1,678
mainly Trade debts (-€40,688) and Contributions, distributions and other (-€30,000)
- Receivables within one year -€16,380
down €16,380 (-23.5%), from €69,707 to €53,327
of which Trade receivables: -€8,863
- Stocks and contracts -€10,989
down €10,989 (-1.3%), from €866,290 to €855,301
- Trade debts -€40,688
down €40,688 (-37.6%), from €108,352 to €67,663
- Tax, wage and social debts -€29,910
down €29,910 (-45.3%), from €66,061 to €36,151
of which Taxes: -€29,190
- Other debts +€25,000
up €25,000 (+74.3%), from €33,643 to €58,643
- Debts after one year -€17,519
down €17,519 (-26.8%), from €65,448 to €47,928
- Gross operating margin -€58,665
down €58,665 (-46.0%), from €127,656 to €68,991
- Taxes -€3,827
down €3,827 (-29.5%), from €12,992 to €9,165
- Staff costs -€3,536
down €3,536 (-75.3%), from €4,699 to €1,163
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 | €983,137 | €920,465 | -€62,672 | -6.4% |
| Fixed assets | 21/28 | €10,150 | €9,095 | -€1,055 | -10.4% |
| Tangible fixed assets | 22/27 | €10,150 | €9,095 | -€1,055 | -10.4% |
| Plant, machinery and equipment | 23 | €1,786 | €1,317 | -€470 | -26.3% |
| Other tangible fixed assets | 26 | €8,364 | €7,779 | -€585 | -7.0% |
| Current assets | 29/58 | €972,987 | €911,370 | -€61,618 | -6.3% |
| Stocks and contracts in progress | 3 | €866,290 | €855,301 | -€10,989 | -1.3% |
| Stocks | 30/36 | €866,290 | €855,301 | -€10,989 | -1.3% |
| Amounts receivable within one year | 40/41 | €69,707 | €53,327 | -€16,380 | -23.5% |
| Trade receivables | 40 | €8,863 | €0 | -€8,863 | -100.0% |
| Other amounts receivable | 41 | €60,844 | €53,327 | -€7,517 | -12.4% |
| Cash at bank and in hand | 54/58 | €35,642 | €1,678 | -€33,964 | -95.3% |
| Deferred charges and accrued income | 490/1 | €1,348 | €1,064 | -€285 | -21.1% |
| Total equity and liabilities | 10/49 | €983,137 | €920,465 | -€62,672 | -6.4% |
| Equity | 10/15 | €548,284 | €548,156 | -€128 | 0.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,284 | €273,156 | -€128 | 0.0% |
| Amounts payable | 17/49 | €434,853 | €372,309 | -€62,544 | -14.4% |
| Amounts payable after more than one year | 17 | €65,448 | €47,928 | -€17,519 | -26.8% |
| Financial debts | 170/4 | €65,448 | €47,928 | -€17,519 | -26.8% |
| Amounts payable within one year | 42/48 | €369,406 | €324,380 | -€45,025 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €16,718 | €17,519 | +€801 | +4.8% |
| Financial debts | 43 | €144,632 | €144,404 | -€228 | -0.2% |
| Credit institutions | 430/8 | €144,632 | €144,404 | -€228 | -0.2% |
| Trade debts | 44 | €108,352 | €67,663 | -€40,688 | -37.6% |
| Suppliers | 440/4 | €108,352 | €67,663 | -€40,688 | -37.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €66,061 | €36,151 | -€29,910 | -45.3% |
| Taxes | 450/3 | €65,341 | €36,151 | -€29,190 | -44.7% |
| Remuneration and social security | 454/9 | €721 | €0 | -€721 | -100.0% |
| Other amounts payable | 47/48 | €33,643 | €58,643 | +€25,000 | +74.3% |
| Remuneration, social security and pensions | 62 | €4,699 | €1,163 | -€3,536 | -75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €846 | €1,055 | +€209 | +24.7% |
| Other operating charges | 640/8 | €8,595 | €8,565 | -€30 | -0.3% |
| Non-recurring operating charges | 66A | €39,816 | €0 | -€39,816 | -100.0% |
| Gross operating margin | 9900 | €127,656 | €68,991 | -€58,665 | -46.0% |
| Operating profit (loss) | 9901 | €73,700 | €58,209 | -€15,492 | -21.0% |
| Financial income | 75/76B | €3,576 | €3,179 | -€396 | -11.1% |
| Recurring financial income | 75 | €3,576 | €3,179 | -€396 | -11.1% |
| Financial charges | 65/66B | €21,131 | €22,350 | +€1,219 | +5.8% |
| Recurring financial charges | 65 | €21,131 | €22,350 | +€1,219 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €56,145 | €39,038 | -€17,108 | -30.5% |
| Income taxes | 67/77 | €12,992 | €9,165 | -€3,827 | -29.5% |
| Profit (loss) for the period | 9904 | €43,153 | €29,872 | -€13,281 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,153 | €29,872 | -€13,281 | -30.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.