Manova Bouw: 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.
Manova Bouw
Largest movements
- Tangible fixed assets -€22,098
down €22,098 (-60.6%), from €36,481 to €14,383
of which Furniture and vehicles: -€20,325
- Receivables within one year +€20,871
up €20,871 (+129%), from €16,200 to €37,070
of which Other amounts receivable: +€13,705
- Cash +€19,317
up €19,317 (+52.8%), from €36,586 to €55,903
mainly Net result for the year (+€108,609) and Other debts (+€21,801)
- Stocks and contracts -€3,160
down €3,160 (-55.2%), from €5,724 to €2,563
- Other debts +€21,801
up €21,801 (+33.2%), from €65,596 to €87,398
- Current portion of long-term debt -€12,875
no longer reported in 2025 (was €12,875)
- Tax, wage and social debts +€4,853
up €4,853 (+56.4%), from €8,597 to €13,450
of which Taxes: +€6,481
- Debts after one year -€2,917
no longer reported in 2025 (was €2,917)
- Trade debts +€2,816
up €2,816 (+73.4%), from €3,839 to €6,655
- Staff costs +€10,494
up €10,494 (+28.1%), from €37,410 to €47,904
- Gross operating margin -€9,580
down €9,580 (-5.2%), from €182,830 to €173,250
- Depreciation -€7,112
down €7,112 (-42.6%), from €16,696 to €9,584
- Taxes +€2,564
up €2,564 (+141%), from €1,824 to €4,388
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 | €98,462 | €112,750 | +€14,288 | +14.5% |
| Fixed assets | 21/28 | €37,985 | €15,022 | -€22,963 | -60.5% |
| Intangible fixed assets | 21 | €156 | €131 | -€25 | -16.0% |
| Tangible fixed assets | 22/27 | €36,481 | €14,383 | -€22,098 | -60.6% |
| Plant, machinery and equipment | 23 | €8,681 | €6,909 | -€1,773 | -20.4% |
| Furniture and vehicles | 24 | €27,799 | €7,474 | -€20,325 | -73.1% |
| Financial fixed assets | 28 | €1,348 | €508 | -€840 | -62.3% |
| Current assets | 29/58 | €60,477 | €97,727 | +€37,251 | +61.6% |
| Stocks and contracts in progress | 3 | €5,724 | €2,563 | -€3,160 | -55.2% |
| Stocks | 30/36 | €5,724 | €2,563 | -€3,160 | -55.2% |
| Amounts receivable within one year | 40/41 | €16,200 | €37,070 | +€20,871 | +129% |
| Trade receivables | 40 | €5,529 | €12,694 | +€7,165 | +130% |
| Other amounts receivable | 41 | €10,671 | €24,376 | +€13,705 | +128% |
| Cash at bank and in hand | 54/58 | €36,586 | €55,903 | +€19,317 | +52.8% |
| Deferred charges and accrued income | 490/1 | €1,968 | €2,191 | +€223 | +11.3% |
| Total equity and liabilities | 10/49 | €98,462 | €112,750 | +€14,288 | +14.5% |
| Equity | 10/15 | €4,638 | €4,747 | +€109 | +2.4% |
| Reserves | 13 | €4,638 | €4,747 | +€109 | +2.4% |
| Distributable reserves | 133 | €4,638 | €4,747 | +€109 | +2.4% |
| Amounts payable | 17/49 | €93,824 | €108,003 | +€14,179 | +15.1% |
| Amounts payable after more than one year | 17 | €2,917 | - | -€2,917 | |
| Financial debts | 170/4 | €2,917 | - | -€2,917 | |
| Amounts payable within one year | 42/48 | €90,907 | €107,503 | +€16,595 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €12,875 | - | -€12,875 | |
| Trade debts | 44 | €3,839 | €6,655 | +€2,816 | +73.4% |
| Suppliers | 440/4 | €3,839 | €6,655 | +€2,816 | +73.4% |
| Taxes, remuneration and social security | 45 | €8,597 | €13,450 | +€4,853 | +56.4% |
| Taxes | 450/3 | €2,993 | €9,474 | +€6,481 | +217% |
| Remuneration and social security | 454/9 | €5,604 | €3,976 | -€1,628 | -29.1% |
| Other amounts payable | 47/48 | €65,596 | €87,398 | +€21,801 | +33.2% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Non-recurring operating income | 76A | - | €5,064 | +€5,064 | |
| Remuneration, social security and pensions | 62 | €37,410 | €47,904 | +€10,494 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,696 | €9,584 | -€7,112 | -42.6% |
| Other operating charges | 640/8 | €2,301 | €1,686 | -€615 | -26.7% |
| Gross operating margin | 9900 | €182,830 | €173,250 | -€9,580 | -5.2% |
| Operating profit (loss) | 9901 | €126,422 | €114,076 | -€12,346 | -9.8% |
| Financial income | 75/76B | €410 | €922 | +€511 | +125% |
| Recurring financial income | 75 | €410 | €922 | +€511 | +125% |
| Financial charges | 65/66B | €671 | €2,000 | +€1,330 | +198% |
| Recurring financial charges | 65 | €671 | €2,000 | +€1,330 | +198% |
| Profit (loss) for the period before taxes | 9903 | €126,162 | €112,997 | -€13,164 | -10.4% |
| Income taxes | 67/77 | €1,824 | €4,388 | +€2,564 | +141% |
| Profit (loss) for the period | 9904 | €124,338 | €108,609 | -€15,728 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €124,338 | €108,609 | -€15,728 | -12.6% |
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 28 October 2026 via checked.be.