MANNAERTS LIESBETH: what changed
MANNAERTS LIESBETH
Largest movements
- Receivables within one year +€190,115
up €190,115 (+52.6%), from €361,629 to €551,744
of which Other amounts receivable: +€181,521
- Cash -€90,886
down €90,886 (-52.0%), from €174,766 to €83,880
mainly Receivables within one year (-€190,115) and Tax, wage and social debts (-€28,729)
- Current investments -€20,000
down €20,000 (-33.3%), from €60,000 to €40,000
- Reserves +€70,223
up €70,223 (+12.3%), from €568,778 to €639,001
- Provisions +€35,600
new in 2026: €35,600
- Tax, wage and social debts -€28,729
down €28,729 (-67.4%), from €42,642 to €13,913
of which Taxes: -€28,935
- Gross operating margin -€36,396
down €36,396 (-21.9%), from €166,198 to €129,801
- Provisions +€35,600
new in 2026: €35,600
- Financial income -€33,249
down €33,249 (-32.9%), from €101,211 to €67,962
- Taxes -€25,816
down €25,816 (-39.3%), from €65,632 to €39,816
- Financial charges -€1,726
down €1,726 (-87.7%), from €1,967 to €241
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €626,991 | €704,582 | +€77,591 | +12.4% |
| Fixed assets | 21/28 | €27,326 | €25,523 | -€1,804 | -6.6% |
| Tangible fixed assets | 22/27 | €11,126 | €9,323 | -€1,804 | -16.2% |
| Land and buildings | 22 | €11,126 | €9,323 | -€1,804 | -16.2% |
| Financial fixed assets | 28 | €16,200 | €16,200 | = | 0.0% |
| Current assets | 29/58 | €599,665 | €679,059 | +€79,394 | +13.2% |
| Amounts receivable within one year | 40/41 | €361,629 | €551,744 | +€190,115 | +52.6% |
| Trade receivables | 40 | €28,519 | €37,113 | +€8,594 | +30.1% |
| Other amounts receivable | 41 | €333,110 | €514,631 | +€181,521 | +54.5% |
| Current investments | 50/53 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €174,766 | €83,880 | -€90,886 | -52.0% |
| Deferred charges and accrued income | 490/1 | €3,270 | €3,435 | +€166 | +5.1% |
| Total equity and liabilities | 10/49 | €626,991 | €704,582 | +€77,591 | +12.4% |
| Equity | 10/15 | €583,038 | €653,261 | +€70,223 | +12.0% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €568,778 | €639,001 | +€70,223 | +12.3% |
| Distributable reserves | 133 | €568,778 | €639,001 | +€70,223 | +12.3% |
| Provisions and deferred taxes | 16 | - | €35,600 | +€35,600 | |
| Provisions for liabilities and charges | 160/5 | - | €35,600 | +€35,600 | |
| Other liabilities and charges | 164/5 | - | €35,600 | +€35,600 | |
| Amounts payable | 17/49 | €43,953 | €15,721 | -€28,232 | -64.2% |
| Amounts payable within one year | 42/48 | €43,953 | €15,721 | -€28,232 | -64.2% |
| Trade debts | 44 | €1,311 | €1,808 | +€497 | +37.9% |
| Suppliers | 440/4 | €1,311 | €1,808 | +€497 | +37.9% |
| Taxes, remuneration and social security | 45 | €42,642 | €13,913 | -€28,729 | -67.4% |
| Taxes | 450/3 | €35,763 | €6,828 | -€28,935 | -80.9% |
| Remuneration and social security | 454/9 | €6,880 | €7,086 | +€206 | +3.0% |
| Non-recurring operating income | 76A | €4,000 | - | -€4,000 | |
| Remuneration, social security and pensions | 62 | €45,823 | €46,618 | +€795 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,804 | €1,804 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €35,600 | +€35,600 | |
| Other operating charges | 640/8 | €656 | €583 | -€73 | -11.1% |
| Gross operating margin | 9900 | €166,198 | €129,801 | -€36,396 | -21.9% |
| Operating profit (loss) | 9901 | €117,915 | €45,196 | -€72,719 | -61.7% |
| Financial income | 75/76B | €101,211 | €67,962 | -€33,249 | -32.9% |
| Recurring financial income | 75 | €101,211 | €67,962 | -€33,249 | -32.9% |
| Financial charges | 65/66B | €1,967 | €241 | -€1,726 | -87.7% |
| Recurring financial charges | 65 | €1,967 | €241 | -€1,726 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | €217,159 | €112,917 | -€104,242 | -48.0% |
| Income taxes | 67/77 | €65,632 | €39,816 | -€25,816 | -39.3% |
| Profit (loss) for the period | 9904 | €151,526 | €73,100 | -€78,426 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €151,526 | €73,100 | -€78,426 | -51.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.