MANPAT: 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.
MANPAT
Largest movements
- Tangible fixed assets -€92,637
down €92,637 (-10.8%), from €860,174 to €767,537
of which Land and buildings: -€91,361
- Cash -€47,618
down €47,618 (-38.1%), from €124,833 to €77,215
mainly Other debts (-€254,745) and Trade debts (-€9,576)
- Other debts -€254,745
down €254,745 (-46.7%), from €544,931 to €290,187
- Profit (loss) carried forward +€126,019
up €126,019 (+11.6%), from -€1.1m to -€960,153
- Gross operating margin +€148,742
up €148,742 (+364.2%), from €40,837 to €189,579
- Other operating charges +€2,864
up €2,864 (+43.9%), from €6,520 to €9,384
- Depreciation -€2,190
down €2,190 (-5.3%), from €41,642 to €39,452
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 | €1,055,580 | €917,504 | -€138,076 | -13.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €860,174 | €767,537 | -€92,637 | -10.8% |
| Tangible fixed assets | 22/27 | €860,174 | €767,537 | -€92,637 | -10.8% |
| Land and buildings | 22 | €856,912 | €765,551 | -€91,361 | -10.7% |
| Plant, machinery and equipment | 23 | €217 | €0 | -€217 | -100.0% |
| Furniture and vehicles | 24 | €3,045 | €1,986 | -€1,059 | -34.8% |
| Current assets | 29/58 | €195,406 | €149,968 | -€45,439 | -23.3% |
| Amounts receivable within one year | 40/41 | - | €2,296 | +€2,296 | |
| Trade receivables | 40 | - | €2,296 | +€2,296 | |
| Current investments | 50/53 | €64,919 | €64,919 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €124,833 | €77,215 | -€47,618 | -38.1% |
| Deferred charges and accrued income | 490/1 | €5,654 | €5,537 | -€117 | -2.1% |
| Total equity and liabilities | 10/49 | €1,055,580 | €917,504 | -€138,076 | -13.1% |
| Equity | 10/15 | €109,828 | €235,847 | +€126,019 | +114.7% |
| Contributions | 10/11 | €1,196,000 | €1,196,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,086,172 | -€960,153 | +€126,019 | +11.6% |
| Amounts payable | 17/49 | €945,752 | €681,657 | -€264,095 | -27.9% |
| Amounts payable after more than one year | 17 | €372,894 | €372,894 | = | 0.0% |
| Financial debts | 170/4 | €372,894 | €372,894 | = | 0.0% |
| Amounts payable within one year | 42/48 | €556,954 | €291,561 | -€265,393 | -47.7% |
| Trade debts | 44 | €10,699 | €1,123 | -€9,576 | -89.5% |
| Suppliers | 440/4 | €10,699 | €1,123 | -€9,576 | -89.5% |
| Taxes, remuneration and social security | 45 | €1,324 | €251 | -€1,073 | -81.0% |
| Taxes | 450/3 | €424 | €251 | -€173 | -40.8% |
| Remuneration and social security | 454/9 | €900 | - | -€900 | |
| Other amounts payable | 47/48 | €544,931 | €290,187 | -€254,745 | -46.7% |
| Accrued charges and deferred income | 492/3 | €15,905 | €17,203 | +€1,298 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,642 | €39,452 | -€2,190 | -5.3% |
| Other operating charges | 640/8 | €6,520 | €9,384 | +€2,864 | +43.9% |
| Gross operating margin | 9900 | €40,837 | €189,579 | +€148,742 | +364.2% |
| Operating profit (loss) | 9901 | -€7,324 | €140,743 | +€148,067 | |
| Financial income | 75/76B | €611 | €1,197 | +€586 | +96.0% |
| Recurring financial income | 75 | €611 | €1,197 | +€586 | +96.0% |
| Financial charges | 65/66B | €15,369 | €15,381 | +€12 | +0.1% |
| Recurring financial charges | 65 | €15,369 | €15,381 | +€12 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,082 | €126,559 | +€148,641 | |
| Income taxes | 67/77 | €537 | €540 | +€3 | +0.6% |
| Profit (loss) for the period | 9904 | -€22,619 | €126,019 | +€148,638 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,619 | €126,019 | +€148,638 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.