MANNMADE SYSTEMS: 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.
MANNMADE SYSTEMS
Largest movements
- Cash -€40,153
down €40,153 (-53.6%), from €74,937 to €34,784
mainly Other debts (-€35,052) and Contributions, distributions and other (-€35,000)
- Tangible fixed assets -€16,339
down €16,339 (-8.2%), from €198,322 to €181,983
of which Land and buildings: -€13,265
- Receivables within one year +€10,665
up €10,665 (+121.2%), from €8,799 to €19,464
of which Trade receivables: +€10,321
- Other debts -€35,052
down €35,052 (-100.0%), from €35,052 to €0
- Debts after one year -€25,163
down €25,163 (-39.9%), from €62,990 to €37,827
- Reserves +€16,541
up €16,541 (+11.3%), from €146,943 to €163,484
of which Distributable reserves: +€16,541
- Gross operating margin +€13,125
up €13,125 (+16.7%), from €78,443 to €91,568
- Taxes +€4,308
up €4,308 (+27.7%), from €15,564 to €19,872
- Financial charges -€2,113
down €2,113 (-50.0%), from €4,229 to €2,116
- Depreciation -€962
down €962 (-5.6%), from €17,300 to €16,339
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 | €282,531 | €236,881 | -€45,650 | -16.2% |
| Fixed assets | 21/28 | €198,322 | €181,983 | -€16,339 | -8.2% |
| Tangible fixed assets | 22/27 | €198,322 | €181,983 | -€16,339 | -8.2% |
| Land and buildings | 22 | €195,248 | €181,983 | -€13,265 | -6.8% |
| Furniture and vehicles | 24 | €3,073 | €0 | -€3,073 | -100.0% |
| Current assets | 29/58 | €84,210 | €54,898 | -€29,312 | -34.8% |
| Amounts receivable within one year | 40/41 | €8,799 | €19,464 | +€10,665 | +121.2% |
| Trade receivables | 40 | €8,799 | €19,120 | +€10,321 | +117.3% |
| Other amounts receivable | 41 | - | €343 | +€343 | |
| Cash at bank and in hand | 54/58 | €74,937 | €34,784 | -€40,153 | -53.6% |
| Deferred charges and accrued income | 490/1 | €474 | €650 | +€177 | +37.3% |
| Total equity and liabilities | 10/49 | €282,531 | €236,881 | -€45,650 | -16.2% |
| Equity | 10/15 | €147,129 | €163,670 | +€16,541 | +11.2% |
| Contributions | 10/11 | €186 | €186 | = | 0.0% |
| Reserves | 13 | €146,943 | €163,484 | +€16,541 | +11.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €146,943 | €163,484 | +€16,541 | +11.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €135,402 | €73,211 | -€62,191 | -45.9% |
| Amounts payable after more than one year | 17 | €62,990 | €37,827 | -€25,163 | -39.9% |
| Financial debts | 170/4 | €62,990 | €37,827 | -€25,163 | -39.9% |
| Amounts payable within one year | 42/48 | €70,882 | €35,384 | -€35,498 | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €27,428 | €25,163 | -€2,265 | -8.3% |
| Trade debts | 44 | €1,397 | €1,540 | +€143 | +10.2% |
| Suppliers | 440/4 | €1,397 | €1,540 | +€143 | +10.2% |
| Taxes, remuneration and social security | 45 | €7,005 | €8,681 | +€1,676 | +23.9% |
| Taxes | 450/3 | €7,005 | €8,681 | +€1,676 | +23.9% |
| Other amounts payable | 47/48 | €35,052 | €0 | -€35,052 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,530 | €0 | -€1,530 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,300 | €16,339 | -€962 | -5.6% |
| Other operating charges | 640/8 | €1,782 | €1,710 | -€72 | -4.0% |
| Gross operating margin | 9900 | €78,443 | €91,568 | +€13,125 | +16.7% |
| Operating profit (loss) | 9901 | €59,361 | €73,520 | +€14,159 | +23.9% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €4,229 | €2,116 | -€2,113 | -50.0% |
| Recurring financial charges | 65 | €4,229 | €2,116 | -€2,113 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €55,132 | €71,413 | +€16,281 | +29.5% |
| Income taxes | 67/77 | €15,564 | €19,872 | +€4,308 | +27.7% |
| Profit (loss) for the period | 9904 | €39,568 | €51,541 | +€11,973 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,568 | €51,541 | +€11,973 | +30.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.