MANON-GAËTAN: what changed
What changed
MANON-GAËTAN
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€12,675
2024 · -€10,432+€23,107
Equity
€56,821
2024 · €44,146+€12,675
Cash
-
2024 · €78-€78
Balance sheet total
€3.4m
2024 · €3.6m-€144,575
Largest movements
Assets
- Tangible fixed assets -€161,904
down €161,904 (-4.6%), from €3.5m to €3.4m
of which Land and buildings: -€153,903
Equity and liabilities
- Debts after one year -€152,850
down €152,850 (-4.8%), from €3.2m to €3.0m
of which Financial debts: -€92,696
- Other debts +€36,009
up €36,009 (+74.6%), from €48,286 to €84,295
Income statement
- Gross operating margin +€72,866
up €72,866 (+56.3%), from €129,415 to €202,281
- Depreciation +€48,152
up €48,152 (+86.0%), from €55,987 to €104,138
- Financial charges -€13,514
down €13,514 (-17.4%), from €77,787 to €64,274
- Other operating charges +€10,653
up €10,653 (+179%), from €5,946 to €16,598
- Taxes +€4,468
up €4,468 (+3,491%), from €128 to €4,596
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€10,432
Gross operating margin
+€72,866
Depreciation
-€48,152
Other operating charges
-€10,653
Financial income
+€0
Financial charges
+€13,514
Taxes
-€4,468
Result 2025
€12,675
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€93,363
Investment
+€57,766
Financing
-€151,207
Cash 2024
€78
From operations (derived)
+€93,363
Net result for the year
+€12,675
Depreciation
+€104,138
Receivables within one year
+€6,752
Deferred charges and accrued income
-€24,159
Trade debts
-€13,497
Tax, wage and social debts
-€28,555
Other debts
+€36,009
Investment (derived)
+€57,766
Investment in fixed assets (net)
+€57,766
Financing
-€151,207
Debts after one year
-€152,850
Current portion of long-term debt
+€1,738
Short-term financial debts
-€95
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,563,845 | €3,419,270 | -€144,575 | -4.1% |
| Fixed assets | 21/28 | €3,530,866 | €3,368,962 | -€161,904 | -4.6% |
| Tangible fixed assets | 22/27 | €3,530,866 | €3,368,962 | -€161,904 | -4.6% |
| Land and buildings | 22 | €3,271,504 | €3,117,601 | -€153,903 | -4.7% |
| Furniture and vehicles | 24 | €1,040 | €769 | -€271 | -26.1% |
| Leasing and similar rights | 25 | €258,322 | €250,592 | -€7,730 | -3.0% |
| Current assets | 29/58 | €32,979 | €50,308 | +€17,329 | +52.5% |
| Amounts receivable within one year | 40/41 | €16,933 | €10,181 | -€6,752 | -39.9% |
| Trade receivables | 40 | €2,863 | €2,590 | -€273 | -9.5% |
| Other amounts receivable | 41 | €14,070 | €7,591 | -€6,479 | -46.1% |
| Cash at bank and in hand | 54/58 | €78 | - | -€78 | |
| Deferred charges and accrued income | 490/1 | €15,968 | €40,127 | +€24,159 | +151% |
| Total equity and liabilities | 10/49 | €3,563,845 | €3,419,270 | -€144,575 | -4.1% |
| Equity | 10/15 | €44,146 | €56,821 | +€12,675 | +28.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €26,821 | +€26,821 | |
| Distributable reserves | 133 | - | €26,821 | +€26,821 | |
| Profit (loss) carried forward | 14 | €14,146 | - | -€14,146 | |
| Amounts payable | 17/49 | €3,519,699 | €3,362,449 | -€157,250 | -4.5% |
| Amounts payable after more than one year | 17 | €3,178,909 | €3,026,059 | -€152,850 | -4.8% |
| Financial debts | 170/4 | €1,846,396 | €1,753,700 | -€92,696 | -5.0% |
| Other amounts payable | 178/9 | €1,332,513 | €1,272,360 | -€60,154 | -4.5% |
| Amounts payable within one year | 42/48 | €340,790 | €336,390 | -€4,400 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €90,515 | €92,253 | +€1,738 | +1.9% |
| Financial debts | 43 | €5,244 | €5,149 | -€95 | -1.8% |
| Credit institutions | 430/8 | €5,244 | €5,149 | -€95 | -1.8% |
| Trade debts | 44 | €151,691 | €138,194 | -€13,497 | -8.9% |
| Suppliers | 440/4 | €151,691 | €138,194 | -€13,497 | -8.9% |
| Taxes, remuneration and social security | 45 | €45,054 | €16,499 | -€28,555 | -63.4% |
| Taxes | 450/3 | €25,784 | €11,869 | -€13,915 | -54.0% |
| Remuneration and social security | 454/9 | €19,270 | €4,630 | -€14,640 | -76.0% |
| Other amounts payable | 47/48 | €48,286 | €84,295 | +€36,009 | +74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,987 | €104,138 | +€48,152 | +86.0% |
| Other operating charges | 640/8 | €5,946 | €16,598 | +€10,653 | +179% |
| Gross operating margin | 9900 | €129,415 | €202,281 | +€72,866 | +56.3% |
| Operating profit (loss) | 9901 | €67,483 | €81,545 | +€14,062 | +20.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,600% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,600% |
| Financial charges | 65/66B | €77,787 | €64,274 | -€13,514 | -17.4% |
| Recurring financial charges | 65 | €77,787 | €64,274 | -€13,514 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,304 | €17,271 | +€27,576 | |
| Income taxes | 67/77 | €128 | €4,596 | +€4,468 | +3,491% |
| Profit (loss) for the period | 9904 | -€10,432 | €12,675 | +€23,107 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,432 | €12,675 | +€23,107 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.