MANOR HOUSE: 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.
MANOR HOUSE
Largest movements
- Receivables within one year -€751,902
down €751,902 (-42.7%), from €1.8m to €1.0m
of which Other amounts receivable: -€760,902
- Deferred charges and accrued income +€90,000
up €90,000 (+100%), from €90,000 to €180,000
- Other debts -€454,626
no longer reported in 2025 (was €454,626)
- Short-term financial debts -€343,480
down €343,480 (-49.3%), from €696,742 to €353,262
of which Credit institutions: -€343,480
- Current portion of long-term debt +€200,000
new in 2025: €200,000
- Trade debts -€46,940
down €46,940 (-99.3%), from €47,275 to €335
- Gross operating margin -€36,068
down €36,068 (-28.3%), from €127,327 to €91,259
- Financial charges +€26,001
up €26,001 (+63.9%), from €40,689 to €66,690
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 | €3,515,285 | €2,831,977 | -€683,308 | -19.4% |
| Fixed assets | 21/28 | €1,663,669 | €1,642,664 | -€21,006 | -1.3% |
| Tangible fixed assets | 22/27 | €1,663,669 | €1,642,664 | -€21,006 | -1.3% |
| Land and buildings | 22 | €1,631,729 | €1,587,206 | -€44,522 | -2.7% |
| Plant, machinery and equipment | 23 | €31,941 | €55,457 | +€23,516 | +73.6% |
| Current assets | 29/58 | €1,851,616 | €1,189,314 | -€662,302 | -35.8% |
| Amounts receivable within one year | 40/41 | €1,760,676 | €1,008,773 | -€751,902 | -42.7% |
| Trade receivables | 40 | €13,000 | €22,000 | +€9,000 | +69.2% |
| Other amounts receivable | 41 | €1,747,676 | €986,773 | -€760,902 | -43.5% |
| Cash at bank and in hand | 54/58 | €940 | €540 | -€400 | -42.5% |
| Deferred charges and accrued income | 490/1 | €90,000 | €180,000 | +€90,000 | +100% |
| Total equity and liabilities | 10/49 | €3,515,285 | €2,831,977 | -€683,308 | -19.4% |
| Equity | 10/15 | €1,732,475 | €1,704,850 | -€27,625 | -1.6% |
| Contributions | 10/11 | €92,213 | €92,213 | = | 0.0% |
| Reserves | 13 | €1,799,078 | €1,767,164 | -€31,914 | -1.8% |
| Tax-exempt reserves | 132 | €1,752,505 | €1,720,592 | -€31,914 | -1.8% |
| Distributable reserves | 133 | €46,572 | €46,572 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,817 | -€154,528 | +€4,289 | +2.7% |
| Provisions and deferred taxes | 16 | €584,168 | €573,531 | -€10,638 | -1.8% |
| Deferred taxes | 168 | €584,168 | €573,531 | -€10,638 | -1.8% |
| Amounts payable | 17/49 | €1,198,642 | €553,597 | -€645,045 | -53.8% |
| Amounts payable within one year | 42/48 | €1,198,642 | €553,597 | -€645,045 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | - | €200,000 | +€200,000 | |
| Financial debts | 43 | €696,742 | €353,262 | -€343,480 | -49.3% |
| Credit institutions | 430/8 | €621,742 | €278,262 | -€343,480 | -55.2% |
| Other loans | 439 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €47,275 | €335 | -€46,940 | -99.3% |
| Suppliers | 440/4 | €47,275 | €335 | -€46,940 | -99.3% |
| Other amounts payable | 47/48 | €454,626 | - | -€454,626 | |
| Non-recurring operating income | 76A | €7,711 | €0 | -€7,711 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,706 | €49,380 | +€674 | +1.4% |
| Other operating charges | 640/8 | €13,142 | €13,451 | +€310 | +2.4% |
| Gross operating margin | 9900 | €127,327 | €91,259 | -€36,068 | -28.3% |
| Operating profit (loss) | 9901 | €65,479 | €28,427 | -€37,052 | -56.6% |
| Financial charges | 65/66B | €40,689 | €66,690 | +€26,001 | +63.9% |
| Recurring financial charges | 65 | €40,689 | €66,690 | +€26,001 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | €24,790 | -€38,263 | -€63,053 | |
| Transfer from deferred taxes | 780 | €10,638 | €10,638 | = | 0.0% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €35,428 | -€27,625 | -€63,053 | |
| Transfer from tax-exempt reserves | 789 | €31,914 | €31,914 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,342 | €4,289 | -€63,053 | -93.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.