MANSOE: 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.
MANSOE
Largest movements
- Tangible fixed assets -€11,118
down €11,118 (-4.0%), from €277,856 to €266,738
of which Land and buildings: -€13,661
- Debts after one year -€19,997
down €19,997 (-26.8%), from €74,731 to €54,733
- Trade debts -€8,001
down €8,001 (-74.6%), from €10,721 to €2,721
- Profit (loss) carried forward +€6,461
up €6,461, from -€6,461 to €0
- Reserves +€3,115
up €3,115 (+13.2%), from €23,630 to €26,745
of which Distributable reserves: +€3,115
- Other operating charges +€8,005
up €8,005 (+97.1%), from €8,246 to €16,251
- Taxes +€2,761
new in 2025: €2,761
- Write-downs -€2,659
down €2,659 (-100.0%), from €2,659 to €0
- Financial charges +€2,658
up €2,658 (+165.0%), from €1,611 to €4,269
- Gross operating margin +€2,001
up €2,001 (+4.3%), from €46,898 to €48,899
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 | €296,806 | €280,860 | -€15,946 | -5.4% |
| Fixed assets | 21/28 | €277,856 | €266,738 | -€11,118 | -4.0% |
| Tangible fixed assets | 22/27 | €277,856 | €266,738 | -€11,118 | -4.0% |
| Land and buildings | 22 | €270,694 | €257,032 | -€13,661 | -5.0% |
| Plant, machinery and equipment | 23 | €2,006 | €5,750 | +€3,744 | +186.6% |
| Furniture and vehicles | 24 | €5,157 | €3,956 | -€1,201 | -23.3% |
| Current assets | 29/58 | €18,949 | €14,122 | -€4,828 | -25.5% |
| Amounts receivable within one year | 40/41 | €10,278 | €7,445 | -€2,833 | -27.6% |
| Trade receivables | 40 | €10,278 | €3,705 | -€6,573 | -64.0% |
| Other amounts receivable | 41 | €0 | €3,739 | +€3,739 | |
| Cash at bank and in hand | 54/58 | €5,273 | €2,637 | -€2,636 | -50.0% |
| Deferred charges and accrued income | 490/1 | €3,398 | €4,040 | +€642 | +18.9% |
| Total equity and liabilities | 10/49 | €296,806 | €280,860 | -€15,946 | -5.4% |
| Equity | 10/15 | €36,168 | €45,745 | +€9,576 | +26.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €23,630 | €26,745 | +€3,115 | +13.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,380 | €2,380 | = | 0.0% |
| Distributable reserves | 133 | €21,250 | €24,365 | +€3,115 | +14.7% |
| Profit (loss) carried forward | 14 | -€6,461 | €0 | +€6,461 | |
| Amounts payable | 17/49 | €260,638 | €235,116 | -€25,522 | -9.8% |
| Amounts payable after more than one year | 17 | €74,731 | €54,733 | -€19,997 | -26.8% |
| Financial debts | 170/4 | €74,731 | €54,733 | -€19,997 | -26.8% |
| Amounts payable within one year | 42/48 | €185,907 | €177,990 | -€7,917 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €19,716 | €19,997 | +€282 | +1.4% |
| Trade debts | 44 | €10,721 | €2,721 | -€8,001 | -74.6% |
| Suppliers | 440/4 | €10,721 | €2,721 | -€8,001 | -74.6% |
| Taxes, remuneration and social security | 45 | €2,941 | €139 | -€2,803 | -95.3% |
| Taxes | 450/3 | €2,941 | €139 | -€2,803 | -95.3% |
| Other amounts payable | 47/48 | €152,529 | €155,133 | +€2,604 | +1.7% |
| Accrued charges and deferred income | 492/3 | - | €2,392 | +€2,392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,591 | €16,042 | +€1,451 | +9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,659 | €0 | -€2,659 | -100.0% |
| Other operating charges | 640/8 | €8,246 | €16,251 | +€8,005 | +97.1% |
| Gross operating margin | 9900 | €46,898 | €48,899 | +€2,001 | +4.3% |
| Operating profit (loss) | 9901 | €21,402 | €16,606 | -€4,796 | -22.4% |
| Financial income | 75/76B | €11 | €0 | -€11 | -100.0% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -100.0% |
| Financial charges | 65/66B | €1,611 | €4,269 | +€2,658 | +165.0% |
| Recurring financial charges | 65 | €1,611 | €4,269 | +€2,658 | +165.0% |
| Profit (loss) for the period before taxes | 9903 | €19,803 | €12,337 | -€7,466 | -37.7% |
| Income taxes | 67/77 | - | €2,761 | +€2,761 | |
| Profit (loss) for the period | 9904 | €19,803 | €9,576 | -€10,226 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,803 | €9,576 | -€10,226 | -51.6% |
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 7 October 2026 via checked.be.