MANS: 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.
MANS
Largest movements
- Cash +€22,656
up €22,656 (+139.0%), from €16,304 to €38,960
mainly Net result for the year (+€28,522) and Short-term financial debts (+€12,000)
- Receivables within one year -€11,461
down €11,461 (-24.0%), from €47,708 to €36,247
of which Trade receivables: -€12,388
- Deferred charges and accrued income -€1,963
down €1,963 (-76.4%), from €2,568 to €606
- Tangible fixed assets +€1,535
up €1,535 (+18.6%), from €8,263 to €9,798
of which Furniture and vehicles: +€1,272
- Reserves +€28,522
up €28,522 (+102.0%), from €27,965 to €56,486
- Trade debts -€19,941
down €19,941 (-67.1%), from €29,711 to €9,770
- Short-term financial debts +€12,000
new in 2025: €12,000
- Accrued charges and deferred income -€5,508
no longer reported in 2025 (was €5,508)
- Tax, wage and social debts -€4,306
down €4,306 (-49.7%), from €8,660 to €4,354
- Gross operating margin +€24,265
up €24,265 (+124.5%), from €19,488 to €43,753
- Taxes +€6,464
up €6,464 (+133.3%), from €4,849 to €11,312
- Depreciation +€781
up €781 (+30.9%), from €2,532 to €3,313
- Other operating charges +€586
up €586 (+48.0%), from €1,221 to €1,807
- Financial income +€469
up €469 (+38.0%), from €1,235 to €1,703
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 | €74,844 | €85,611 | +€10,767 | +14.4% |
| Fixed assets | 21/28 | €8,263 | €9,798 | +€1,535 | +18.6% |
| Tangible fixed assets | 22/27 | €8,263 | €9,798 | +€1,535 | +18.6% |
| Plant, machinery and equipment | 23 | €7,920 | €8,182 | +€262 | +3.3% |
| Furniture and vehicles | 24 | €344 | €1,616 | +€1,272 | +370.2% |
| Current assets | 29/58 | €66,581 | €75,813 | +€9,232 | +13.9% |
| Amounts receivable within one year | 40/41 | €47,708 | €36,247 | -€11,461 | -24.0% |
| Trade receivables | 40 | €21,374 | €8,986 | -€12,388 | -58.0% |
| Other amounts receivable | 41 | €26,335 | €27,261 | +€927 | +3.5% |
| Cash at bank and in hand | 54/58 | €16,304 | €38,960 | +€22,656 | +139.0% |
| Deferred charges and accrued income | 490/1 | €2,568 | €606 | -€1,963 | -76.4% |
| Total equity and liabilities | 10/49 | €74,844 | €85,611 | +€10,767 | +14.4% |
| Equity | 10/15 | €30,965 | €59,486 | +€28,522 | +92.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,965 | €56,486 | +€28,522 | +102.0% |
| Distributable reserves | 133 | €27,965 | €56,486 | +€28,522 | +102.0% |
| Amounts payable | 17/49 | €43,879 | €26,124 | -€17,755 | -40.5% |
| Amounts payable within one year | 42/48 | €38,371 | €26,124 | -€12,247 | -31.9% |
| Financial debts | 43 | - | €12,000 | +€12,000 | |
| Credit institutions | 430/8 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | €29,711 | €9,770 | -€19,941 | -67.1% |
| Suppliers | 440/4 | €29,711 | €9,770 | -€19,941 | -67.1% |
| Taxes, remuneration and social security | 45 | €8,660 | €4,354 | -€4,306 | -49.7% |
| Taxes | 450/3 | €8,660 | €4,354 | -€4,306 | -49.7% |
| Accrued charges and deferred income | 492/3 | €5,508 | - | -€5,508 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,532 | €3,313 | +€781 | +30.9% |
| Other operating charges | 640/8 | €1,221 | €1,807 | +€586 | +48.0% |
| Gross operating margin | 9900 | €19,488 | €43,753 | +€24,265 | +124.5% |
| Operating profit (loss) | 9901 | €15,735 | €38,633 | +€22,898 | +145.5% |
| Financial income | 75/76B | €1,235 | €1,703 | +€469 | +38.0% |
| Recurring financial income | 75 | €1,235 | €1,703 | +€469 | +38.0% |
| Financial charges | 65/66B | €68 | €502 | +€434 | +642.2% |
| Recurring financial charges | 65 | €68 | €502 | +€434 | +642.2% |
| Profit (loss) for the period before taxes | 9903 | €16,902 | €39,834 | +€22,932 | +135.7% |
| Income taxes | 67/77 | €4,849 | €11,312 | +€6,464 | +133.3% |
| Profit (loss) for the period | 9904 | €12,054 | €28,522 | +€16,468 | +136.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,054 | €28,522 | +€16,468 | +136.6% |
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 5 October 2026 via checked.be.