ManRoe: 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.
ManRoe
Largest movements
- Tangible fixed assets -€18,645
down €18,645 (-4.9%), from €382,065 to €363,420
of which Furniture and vehicles: -€9,596
- Other debts +€27,436
up €27,436 (+16.3%), from €168,320 to €195,756
- Profit (loss) carried forward -€26,295
down €26,295 (-42.9%), from -€61,272 to -€87,567
- Debts after one year -€18,882
down €18,882 (-7.6%), from €247,856 to €228,974
- Other operating charges +€1,351
up €1,351 (+59.1%), from €2,286 to €3,638
- Financial charges -€561
down €561 (-9.9%), from €5,647 to €5,086
- Gross operating margin +€311
up €311 (+35.3%), from €880 to €1,190
- Taxes +€13
up €13 (+12.8%), from €103 to €116
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 | €385,438 | €368,184 | -€17,254 | -4.5% |
| Fixed assets | 21/28 | €382,065 | €363,420 | -€18,645 | -4.9% |
| Tangible fixed assets | 22/27 | €382,065 | €363,420 | -€18,645 | -4.9% |
| Land and buildings | 22 | €343,455 | €334,595 | -€8,860 | -2.6% |
| Plant, machinery and equipment | 23 | €758 | €569 | -€190 | -25.0% |
| Furniture and vehicles | 24 | €37,851 | €28,256 | -€9,596 | -25.4% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €3,373 | €4,764 | +€1,391 | +41.2% |
| Amounts receivable within one year | 40/41 | €367 | €855 | +€488 | +133.1% |
| Trade receivables | 40 | €192 | €75 | -€118 | -61.1% |
| Other amounts receivable | 41 | €174 | €780 | +€606 | +347.3% |
| Cash at bank and in hand | 54/58 | €2,277 | €3,133 | +€855 | +37.6% |
| Deferred charges and accrued income | 490/1 | €729 | €777 | +€47 | +6.5% |
| Total equity and liabilities | 10/49 | €385,438 | €368,184 | -€17,254 | -4.5% |
| Equity | 10/15 | -€51,272 | -€77,567 | -€26,295 | -51.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,272 | -€87,567 | -€26,295 | -42.9% |
| Amounts payable | 17/49 | €436,710 | €445,751 | +€9,041 | +2.1% |
| Amounts payable after more than one year | 17 | €247,856 | €228,974 | -€18,882 | -7.6% |
| Financial debts | 170/4 | €247,856 | €228,974 | -€18,882 | -7.6% |
| Amounts payable within one year | 42/48 | €187,218 | €215,360 | +€28,143 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €18,630 | €18,882 | +€251 | +1.3% |
| Trade debts | 44 | €164 | €606 | +€442 | +268.6% |
| Suppliers | 440/4 | €164 | €606 | +€442 | +268.6% |
| Taxes, remuneration and social security | 45 | €103 | €116 | +€13 | +12.8% |
| Taxes | 450/3 | €103 | €116 | +€13 | +12.8% |
| Other amounts payable | 47/48 | €168,320 | €195,756 | +€27,436 | +16.3% |
| Accrued charges and deferred income | 492/3 | €1,636 | €1,416 | -€220 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,645 | €18,645 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,286 | €3,638 | +€1,351 | +59.1% |
| Gross operating margin | 9900 | €880 | €1,190 | +€311 | +35.3% |
| Operating profit (loss) | 9901 | -€20,052 | -€21,092 | -€1,041 | -5.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €5,647 | €5,086 | -€561 | -9.9% |
| Recurring financial charges | 65 | €5,647 | €5,086 | -€561 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,699 | -€26,178 | -€480 | -1.9% |
| Income taxes | 67/77 | €103 | €116 | +€13 | +12.8% |
| Profit (loss) for the period | 9904 | -€25,802 | -€26,295 | -€493 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,802 | -€26,295 | -€493 | -1.9% |
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 6 October 2026 via checked.be.