MANN INVEST: 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.
MANN INVEST
Largest movements
- Stocks and contracts -€254,493
no longer reported in 2025 (was €254,493)
- Cash +€157,292
up €157,292 (+2,452%), from €6,415 to €163,707
mainly Stocks and contracts (+€254,493) and Debts after one year (+€21,484)
- Tangible fixed assets -€11,901
down €11,901 (-25.1%), from €47,437 to €35,536
of which Furniture and vehicles: -€11,719
- Deferred charges and accrued income +€8,389
up €8,389 (+988%), from €850 to €9,239
- Receivables within one year -€5,632
down €5,632 (-22.6%), from €24,882 to €19,250
of which Other amounts receivable: -€5,592
- Other debts -€117,131
down €117,131 (-81.5%), from €143,723 to €26,592
- Debts after one year +€21,484
up €21,484 (+56.5%), from €38,017 to €59,501
of which Other amounts payable: +€28,000
- Reserves -€19,092
down €19,092 (-17.3%), from €110,129 to €91,037
of which Distributable reserves: -€19,092
- Accrued charges and deferred income +€12,689
new in 2025: €12,689
- Short-term financial debts -€8,439
no longer reported in 2025 (was €8,439)
- Gross operating margin +€39,223
up €39,223, from -€9,492 to €29,731
- Other operating charges +€1,098
up €1,098 (+141%), from €780 to €1,878
- Financial charges -€715
down €715 (-14.6%), from €4,889 to €4,174
- Taxes +€592
up €592 (+376%), from €158 to €750
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 | €334,077 | €227,732 | -€106,344 | -31.8% |
| Fixed assets | 21/28 | €47,437 | €35,536 | -€11,901 | -25.1% |
| Tangible fixed assets | 22/27 | €47,437 | €35,536 | -€11,901 | -25.1% |
| Plant, machinery and equipment | 23 | €208 | €26 | -€182 | -87.3% |
| Furniture and vehicles | 24 | €47,229 | €35,510 | -€11,719 | -24.8% |
| Current assets | 29/58 | €286,640 | €192,196 | -€94,444 | -32.9% |
| Stocks and contracts in progress | 3 | €254,493 | - | -€254,493 | |
| Stocks | 30/36 | €254,493 | - | -€254,493 | |
| Amounts receivable within one year | 40/41 | €24,882 | €19,250 | -€5,632 | -22.6% |
| Trade receivables | 40 | €39 | - | -€39 | |
| Other amounts receivable | 41 | €24,842 | €19,250 | -€5,592 | -22.5% |
| Cash at bank and in hand | 54/58 | €6,415 | €163,707 | +€157,292 | +2,452% |
| Deferred charges and accrued income | 490/1 | €850 | €9,239 | +€8,389 | +988% |
| Total equity and liabilities | 10/49 | €334,077 | €227,732 | -€106,344 | -31.8% |
| Equity | 10/15 | €126,074 | €110,511 | -€15,563 | -12.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €110,129 | €91,037 | -€19,092 | -17.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €108,269 | €89,177 | -€19,092 | -17.6% |
| Profit (loss) carried forward | 14 | -€2,647 | €882 | +€3,529 | |
| Amounts payable | 17/49 | €208,002 | €117,221 | -€90,781 | -43.6% |
| Amounts payable after more than one year | 17 | €38,017 | €59,501 | +€21,484 | +56.5% |
| Financial debts | 170/4 | €38,017 | €31,501 | -€6,516 | -17.1% |
| Other amounts payable | 178/9 | - | €28,000 | +€28,000 | |
| Amounts payable within one year | 42/48 | €169,985 | €45,031 | -€124,954 | -73.5% |
| Current portion of amounts payable after more than one year | 42 | €6,236 | €6,516 | +€280 | +4.5% |
| Financial debts | 43 | €8,439 | - | -€8,439 | |
| Credit institutions | 430/8 | €8,439 | - | -€8,439 | |
| Trade debts | 44 | €1,282 | €5,874 | +€4,592 | +358% |
| Suppliers | 440/4 | €1,282 | €5,874 | +€4,592 | +358% |
| Taxes, remuneration and social security | 45 | €10,305 | €6,049 | -€4,256 | -41.3% |
| Taxes | 450/3 | €3,155 | €2,107 | -€1,048 | -33.2% |
| Remuneration and social security | 454/9 | €7,150 | €3,942 | -€3,208 | -44.9% |
| Other amounts payable | 47/48 | €143,723 | €26,592 | -€117,131 | -81.5% |
| Accrued charges and deferred income | 492/3 | - | €12,689 | +€12,689 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,894 | €11,901 | +€7 | +0.1% |
| Other operating charges | 640/8 | €780 | €1,878 | +€1,098 | +141% |
| Gross operating margin | 9900 | -€9,492 | €29,731 | +€39,223 | |
| Operating profit (loss) | 9901 | -€22,165 | €15,953 | +€38,119 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,889 | €4,174 | -€715 | -14.6% |
| Recurring financial charges | 65 | €4,889 | €4,174 | -€715 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,055 | €11,779 | +€38,834 | |
| Income taxes | 67/77 | €158 | €750 | +€592 | +376% |
| Profit (loss) for the period | 9904 | -€27,212 | €11,029 | +€38,241 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,212 | €11,029 | +€38,241 |
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 29 October 2026 via checked.be.