MANNES: 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.
What changed
MANNES
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€190,418
2024 · €288,209-€97,791
Equity
€1.2m
2024 · €1.0m+€185,357
Cash
€1.0m
2024 · €1.1m-€109,819
Balance sheet total
€5.2m
2024 · €7.1m-€1.9m
Largest movements
Assets
- Stocks and contracts -€1.4m
down €1.4m (-36.0%), from €4.0m to €2.6m
- Receivables within one year -€261,012
down €261,012 (-18.9%), from €1.4m to €1.1m
of which Other amounts receivable: -€230,338
- Cash -€109,819
down €109,819 (-9.7%), from €1.1m to €1.0m
mainly Short-term financial debts (-€1.7m) and Trade debts (-€348,254)
- Tangible fixed assets -€90,564
down €90,564 (-22.3%), from €405,989 to €315,425
Equity and liabilities
- Short-term financial debts -€1.7m
down €1.7m (-47.0%), from €3.7m to €1.9m
- Trade debts -€348,254
down €348,254 (-24.6%), from €1.4m to €1.1m
- Advances received +€113,030
up €113,030 (+168.5%), from €67,072 to €180,103
- Other debts -€106,132
down €106,132 (-99.4%), from €106,754 to €623
- Profit (loss) carried forward +€95,209
up €95,209 (+22.8%), from €418,018 to €513,227
Income statement
- Turnover -€4.8m
down €4.8m (-16.6%), from €29.2m to €24.4m
- Goods and materials -€4.3m
down €4.3m (-17.9%), from €23.9m to €19.6m
of which Purchases: -€5.3m
- Write-downs -€328,227
down €328,227, from €132,939 to -€195,289
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.
Result 2024
€288,209
Turnover
-€4.8m
Other operating income
-€2,428
Goods and materials
+€4.3m
Services and other goods
+€51,433
Staff costs
-€47,601
Depreciation
+€17,681
Write-downs
+€328,227
Other operating charges
+€2,848
Other operating items
-€80,500
Financial income
+€7,356
Financial charges
+€156,011
Taxes
+€31,961
Result 2025
€190,418
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.
From operations
+€1.7m
Investment
-€29,198
Financing
-€1.8m
Cash 2024
€1.1m
From operations (derived)
+€1.7m
Net result for the year
+€190,418
Depreciation
+€119,762
Stocks and contracts
+€1.4m
Receivables within one year
+€261,012
Deferred charges and accrued income
-€41,140
Trade debts
-€348,254
Tax, wage and social debts
+€50,868
Advances received
+€113,030
Other debts
-€106,132
Accrued charges and deferred income
+€43,835
Investment (derived)
-€29,198
Investment in fixed assets (net)
-€29,198
Financing
-€1.8m
Current portion of long-term debt
-€78,078
Short-term financial debts
-€1.7m
Contributions, distributions and other
-€5,061
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,103,982 | €5,238,993 | -€1.9m | -26.3% |
| Fixed assets | 21/28 | €405,989 | €315,425 | -€90,564 | -22.3% |
| Tangible fixed assets | 22/27 | €405,989 | €315,425 | -€90,564 | -22.3% |
| Land and buildings | 22 | €17,572 | €16,626 | -€946 | -5.4% |
| Plant, machinery and equipment | 23 | €111,078 | €69,156 | -€41,922 | -37.7% |
| Furniture and vehicles | 24 | €129,486 | €118,397 | -€11,089 | -8.6% |
| Other tangible fixed assets | 26 | €147,853 | €111,246 | -€36,606 | -24.8% |
| Current assets | 29/58 | €6,697,994 | €4,923,568 | -€1.8m | -26.5% |
| Stocks and contracts in progress | 3 | €4,011,068 | €2,566,334 | -€1.4m | -36.0% |
| Stocks | 30/36 | €4,011,068 | €2,566,334 | -€1.4m | -36.0% |
| Goods purchased for resale | 34 | €4,011,068 | €2,566,334 | -€1.4m | -36.0% |
| Amounts receivable within one year | 40/41 | €1,382,961 | €1,121,948 | -€261,012 | -18.9% |
| Trade receivables | 40 | €1,018,952 | €988,278 | -€30,674 | -3.0% |
| Other amounts receivable | 41 | €364,009 | €133,671 | -€230,338 | -63.3% |
| Cash at bank and in hand | 54/58 | €1,128,957 | €1,019,138 | -€109,819 | -9.7% |
| Deferred charges and accrued income | 490/1 | €175,008 | €216,148 | +€41,140 | +23.5% |
| Total equity and liabilities | 10/49 | €7,103,982 | €5,238,993 | -€1.9m | -26.3% |
| Equity | 10/15 | €1,006,468 | €1,191,825 | +€185,357 | +18.4% |
| Contributions | 10/11 | €410,447 | €410,447 | = | 0.0% |
| Capital | 10 | €410,447 | €410,447 | = | 0.0% |
| Issued capital | 100 | €705,790 | €705,790 | = | 0.0% |
| Uncalled capital | 101 | €295,342 | €295,342 | = | 0.0% |
| Reserves | 13 | €164,684 | €259,892 | +€95,209 | +57.8% |
| Non-distributable reserves | 130/1 | €70,579 | €70,579 | = | 0.0% |
| Legal reserve | 130 | €70,579 | €70,579 | = | 0.0% |
| Tax-exempt reserves | 132 | €94,105 | €189,313 | +€95,209 | +101.2% |
| Profit (loss) carried forward | 14 | €418,018 | €513,227 | +€95,209 | +22.8% |
| Investment grants | 15 | €13,320 | €8,258 | -€5,061 | -38.0% |
| Provisions and deferred taxes | 16 | €148,024 | €148,024 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €148,024 | €148,024 | = | 0.0% |
| Other liabilities and charges | 164/5 | €148,024 | €148,024 | = | 0.0% |
| Amounts payable | 17/49 | €5,949,491 | €3,899,144 | -€2.1m | -34.5% |
| Amounts payable within one year | 42/48 | €5,654,917 | €3,560,736 | -€2.1m | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €88,136 | €10,058 | -€78,078 | -88.6% |
| Financial debts | 43 | €3,668,647 | €1,943,030 | -€1.7m | -47.0% |
| Credit institutions | 430/8 | €3,668,647 | €1,943,030 | -€1.7m | -47.0% |
| Trade debts | 44 | €1,418,420 | €1,070,167 | -€348,254 | -24.6% |
| Suppliers | 440/4 | €1,418,420 | €1,070,167 | -€348,254 | -24.6% |
| Advances received on contracts in progress | 46 | €67,072 | €180,103 | +€113,030 | +168.5% |
| Taxes, remuneration and social security | 45 | €305,887 | €356,756 | +€50,868 | +16.6% |
| Taxes | 450/3 | €107,572 | €194,941 | +€87,369 | +81.2% |
| Remuneration and social security | 454/9 | €198,315 | €161,814 | -€36,501 | -18.4% |
| Other amounts payable | 47/48 | €106,754 | €623 | -€106,132 | -99.4% |
| Accrued charges and deferred income | 492/3 | €294,574 | €338,409 | +€43,835 | +14.9% |
| Operating income | 70/76A | €29,601,845 | €24,759,905 | -€4.8m | -16.4% |
| Turnover | 70 | €29,233,024 | €24,393,513 | -€4.8m | -16.6% |
| Other operating income | 74 | €368,820 | €366,392 | -€2,428 | -0.7% |
| Operating charges | 60/66A | €28,751,704 | €24,202,884 | -€4.5m | -15.8% |
| Goods for resale, raw materials and consumables | 60 | €23,854,974 | €19,578,243 | -€4.3m | -17.9% |
| Purchases | 600/8 | €23,257,558 | €17,946,133 | -€5.3m | -22.8% |
| Change in stocks: decrease (increase) | 609 | €597,415 | €1,632,110 | +€1.0m | +173.2% |
| Services and other goods | 61 | €2,904,471 | €2,853,038 | -€51,433 | -1.8% |
| Remuneration, social security and pensions | 62 | €1,637,957 | €1,685,558 | +€47,601 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,443 | €119,762 | -€17,681 | -12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €132,939 | -€195,289 | -€328,227 | |
| Other operating charges | 640/8 | €83,920 | €81,072 | -€2,848 | -3.4% |
| Non-recurring operating charges | 66A | - | €80,500 | +€80,500 | |
| Operating profit (loss) | 9901 | €850,140 | €557,021 | -€293,120 | -34.5% |
| Financial income | 75/76B | €7,386 | €14,743 | +€7,356 | +99.6% |
| Recurring financial income | 75 | €7,386 | €14,743 | +€7,356 | +99.6% |
| Other financial income | 752/9 | €7,386 | €14,743 | +€7,356 | +99.6% |
| Financial charges | 65/66B | €446,845 | €290,834 | -€156,011 | -34.9% |
| Recurring financial charges | 65 | €446,845 | €290,834 | -€156,011 | -34.9% |
| Debt charges | 650 | €434,378 | €275,921 | -€158,457 | -36.5% |
| Other financial charges | 652/9 | €12,467 | €14,913 | +€2,446 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €410,681 | €280,929 | -€129,752 | -31.6% |
| Income taxes | 67/77 | €122,472 | €90,511 | -€31,961 | -26.1% |
| Taxes | 670/3 | €122,472 | €90,511 | -€31,961 | -26.1% |
| Profit (loss) for the period | 9904 | €288,209 | €190,418 | -€97,791 | -33.9% |
| Transfer to tax-exempt reserves | 689 | €94,105 | €95,209 | +€1,104 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €194,105 | €95,209 | -€98,896 | -50.9% |
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 4 October 2026 via checked.be.