Manneken Pix: 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.
Manneken Pix
Largest movements
- Tangible fixed assets +€691,292
up €691,292 (+167%), from €414,343 to €1.1m
- Receivables within one year +€82,118
new in 2025: €82,118
- Debts after one year +€760,253
up €760,253 (+200%), from €380,087 to €1.1m
- Depreciation +€4,650
up €4,650 (+35.7%), from €13,030 to €17,680
- Financial charges +€4,526
up €4,526 (+30.2%), from €15,011 to €19,537
- Gross operating margin +€3,023
up €3,023 (+6.7%), from €45,149 to €48,172
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 | €425,302 | €1,196,692 | +€771,389 | +181% |
| Fixed assets | 21/28 | €414,343 | €1,105,636 | +€691,292 | +167% |
| Tangible fixed assets | 22/27 | €414,343 | €1,105,636 | +€691,292 | +167% |
| Land and buildings | 22 | €414,343 | €1,105,636 | +€691,292 | +167% |
| Current assets | 29/58 | €10,959 | €91,056 | +€80,097 | +731% |
| Amounts receivable within one year | 40/41 | - | €82,118 | +€82,118 | |
| Trade receivables | 40 | - | €82,118 | +€82,118 | |
| Cash at bank and in hand | 54/58 | €10,917 | €8,938 | -€1,979 | -18.1% |
| Deferred charges and accrued income | 490/1 | €43 | - | -€43 | |
| Total equity and liabilities | 10/49 | €425,302 | €1,196,692 | +€771,389 | +181% |
| Equity | 10/15 | €7,621 | €18,529 | +€10,908 | +143% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €59,000 | €59,000 | = | 0.0% |
| Distributable reserves | 133 | €59,000 | €59,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,839 | -€60,931 | +€10,908 | +15.2% |
| Amounts payable | 17/49 | €417,681 | €1,178,163 | +€760,482 | +182% |
| Amounts payable after more than one year | 17 | €380,087 | €1,140,339 | +€760,253 | +200% |
| Financial debts | 170/4 | €380,087 | €1,140,339 | +€760,253 | +200% |
| Amounts payable within one year | 42/48 | €33,956 | €32,247 | -€1,709 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €30,210 | €31,490 | +€1,281 | +4.2% |
| Trade debts | 44 | €3,746 | €756 | -€2,990 | -79.8% |
| Suppliers | 440/4 | €3,746 | €756 | -€2,990 | -79.8% |
| Accrued charges and deferred income | 492/3 | €3,639 | €5,577 | +€1,938 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,030 | €17,680 | +€4,650 | +35.7% |
| Other operating charges | 640/8 | - | €47 | +€47 | |
| Gross operating margin | 9900 | €45,149 | €48,172 | +€3,023 | +6.7% |
| Operating profit (loss) | 9901 | €32,120 | €30,445 | -€1,675 | -5.2% |
| Financial charges | 65/66B | €15,011 | €19,537 | +€4,526 | +30.2% |
| Recurring financial charges | 65 | €15,011 | €19,537 | +€4,526 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €17,109 | €10,908 | -€6,201 | -36.2% |
| Profit (loss) for the period | 9904 | €17,109 | €10,908 | -€6,201 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,109 | €10,908 | -€6,201 | -36.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.