MANSING: 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.
MANSING
Largest movements
- Tangible fixed assets -€25,235
down €25,235 (-8.1%), from €310,175 to €284,940
of which Land and buildings: -€25,235
- Debts after one year -€56,347
down €56,347 (-36.3%), from €155,052 to €98,705
of which Financial debts: -€36,993
- Profit (loss) carried forward +€28,999
up €28,999 (+49.7%), from -€58,368 to -€29,370
- Trade debts -€6,329
down €6,329 (-88.7%), from €7,136 to €807
- Other debts +€3,500
up €3,500 (+43.2%), from €8,100 to €11,600
- Gross operating margin +€18,243
up €18,243 (+30.7%), from €59,502 to €77,745
- Depreciation -€8,320
down €8,320 (-24.8%), from €33,555 to €25,235
- Financial charges -€936
down €936 (-13.2%), from €7,082 to €6,146
of which Financial charges: -€1,345
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 | €321,631 | €292,971 | -€28,659 | -8.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €310,584 | €284,940 | -€25,644 | -8.3% |
| Tangible fixed assets | 22/27 | €310,175 | €284,940 | -€25,235 | -8.1% |
| Land and buildings | 22 | €310,175 | €284,940 | -€25,235 | -8.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €409 | - | -€409 | |
| Current assets | 29/58 | €11,046 | €8,031 | -€3,015 | -27.3% |
| Cash at bank and in hand | 54/58 | €11,046 | €8,031 | -€3,015 | -27.3% |
| Total equity and liabilities | 10/49 | €321,631 | €292,971 | -€28,659 | -8.9% |
| Equity | 10/15 | €115,157 | €144,156 | +€28,999 | +25.2% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Capital | 10 | €173,525 | €173,525 | = | 0.0% |
| Issued capital | 100 | €173,525 | €173,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,368 | -€29,370 | +€28,999 | +49.7% |
| Amounts payable | 17/49 | €206,474 | €148,816 | -€57,658 | -27.9% |
| Amounts payable after more than one year | 17 | €155,052 | €98,705 | -€56,347 | -36.3% |
| Financial debts | 170/4 | €102,246 | €65,253 | -€36,993 | -36.2% |
| Other amounts payable | 178/9 | €52,806 | €33,452 | -€19,354 | -36.7% |
| Amounts payable within one year | 42/48 | €51,422 | €50,110 | -€1,311 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €35,456 | €36,993 | +€1,537 | +4.3% |
| Trade debts | 44 | €7,136 | €807 | -€6,329 | -88.7% |
| Suppliers | 440/4 | €7,136 | €807 | -€6,329 | -88.7% |
| Taxes, remuneration and social security | 45 | €729 | €711 | -€18 | -2.5% |
| Taxes | 450/3 | €729 | €711 | -€18 | -2.5% |
| Other amounts payable | 47/48 | €8,100 | €11,600 | +€3,500 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,555 | €25,235 | -€8,320 | -24.8% |
| Other operating charges | 640/8 | €17,202 | €17,142 | -€60 | -0.4% |
| Gross operating margin | 9900 | €59,502 | €77,745 | +€18,243 | +30.7% |
| Operating profit (loss) | 9901 | €8,745 | €35,368 | +€26,623 | +304.4% |
| Financial charges | 65/66B | €7,082 | €6,146 | -€936 | -13.2% |
| Recurring financial charges | 65 | €7,082 | €5,737 | -€1,345 | -19.0% |
| Non-recurring financial charges | 66B | - | €409 | +€409 | |
| Profit (loss) for the period before taxes | 9903 | €1,663 | €29,222 | +€27,559 | +1657.6% |
| Income taxes | 67/77 | €247 | €223 | -€24 | -9.6% |
| Profit (loss) for the period | 9904 | €1,416 | €28,999 | +€27,582 | +1947.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,416 | €28,999 | +€27,582 | +1947.8% |
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 29 September 2026 via checked.be.