MANOVER: 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.
MANOVER
Largest movements
- Receivables within one year -€521
down €521 (-2.0%), from €25,457 to €24,936
- Trade debts -€593
down €593 (-46.1%), from €1,285 to €692
- Financial income -€317
down €317 (-29.4%), from €1,081 to €764
- Gross operating margin +€205
up €205 (+37.6%), from -€546 to -€341
- Other operating charges -€93
down €93 (-18.8%), from €497 to €404
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 | €25,482 | €24,936 | -€547 | -2.1% |
| Current assets | 29/58 | €25,482 | €24,936 | -€547 | -2.1% |
| Amounts receivable within one year | 40/41 | €25,457 | €24,936 | -€521 | -2.0% |
| Other amounts receivable | 41 | €25,457 | €24,936 | -€521 | -2.0% |
| Cash at bank and in hand | 54/58 | €25 | - | -€25 | |
| Total equity and liabilities | 10/49 | €25,482 | €24,936 | -€547 | -2.1% |
| Equity | 10/15 | €22,520 | €22,454 | -€66 | -0.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,980 | -€60,046 | -€66 | -0.1% |
| Amounts payable | 17/49 | €2,962 | €2,481 | -€481 | -16.2% |
| Amounts payable within one year | 42/48 | €2,962 | €2,481 | -€481 | -16.2% |
| Financial debts | 43 | - | €20 | +€20 | |
| Credit institutions | 430/8 | - | €20 | +€20 | |
| Trade debts | 44 | €1,285 | €692 | -€593 | -46.1% |
| Suppliers | 440/4 | €1,285 | €692 | -€593 | -46.1% |
| Other amounts payable | 47/48 | €1,677 | €1,769 | +€92 | +5.5% |
| Other operating charges | 640/8 | €497 | €404 | -€93 | -18.8% |
| Gross operating margin | 9900 | -€546 | -€341 | +€205 | +37.6% |
| Operating profit (loss) | 9901 | -€1,044 | -€745 | +€299 | +28.6% |
| Financial income | 75/76B | €1,081 | €764 | -€317 | -29.4% |
| Recurring financial income | 75 | €1,081 | €764 | -€317 | -29.4% |
| Financial charges | 65/66B | €84 | €84 | +€0 | +0.2% |
| Recurring financial charges | 65 | €84 | €84 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€47 | -€66 | -€19 | -40.7% |
| Profit (loss) for the period | 9904 | -€47 | -€66 | -€19 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€47 | -€66 | -€19 | -40.7% |
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 7 October 2026 via checked.be.