MANSTEX MODE: what changed
Two financial 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.
MANSTEX MODE
Largest movements
- Stocks and contracts -€11,774
no longer reported in 2025 (was €11,774)
- Tangible fixed assets -€11,187
no longer reported in 2025 (was €11,187)
- Receivables within one year +€2,015
up €2,015 (+96.6%), from €2,086 to €4,101
of which Other amounts receivable: +€2,384
- Cash +€926
up €926 (+6.7%), from €13,845 to €14,771
mainly Stocks and contracts (+€11,774) and Investment in fixed assets (net) (+€11,187)
- Current portion of long-term debt -€15,612
no longer reported in 2025 (was €15,612)
- Profit (loss) carried forward -€3,115
down €3,115 (-183.4%), from -€1,698 to -€4,814
- Other debts -€769
down €769 (-74.3%), from €1,035 to €266
- Turnover -€17,512
down €17,512 (-40.9%), from €42,837 to €25,325
- Purchases and services -€8,749
down €8,749 (-22.9%), from €38,168 to €29,419
- Gross operating margin -€7,154
down €7,154, from €4,668 to -€2,486
- Depreciation -€5,173
no longer reported in 2025 (was €5,173)
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 | €38,892 | €18,872 | -€20,020 | -51.5% |
| Fixed assets | 21/28 | €11,187 | - | -€11,187 | |
| Tangible fixed assets | 22/27 | €11,187 | - | -€11,187 | |
| Furniture and vehicles | 24 | €11,187 | - | -€11,187 | |
| Current assets | 29/58 | €27,705 | €18,872 | -€8,833 | -31.9% |
| Stocks and contracts in progress | 3 | €11,774 | - | -€11,774 | |
| Stocks | 30/36 | €11,774 | - | -€11,774 | |
| Amounts receivable within one year | 40/41 | €2,086 | €4,101 | +€2,015 | +96.6% |
| Trade receivables | 40 | €368 | - | -€368 | |
| Other amounts receivable | 41 | €1,717 | €4,101 | +€2,384 | +138.8% |
| Cash at bank and in hand | 54/58 | €13,845 | €14,771 | +€926 | +6.7% |
| Total equity and liabilities | 10/49 | €38,892 | €18,872 | -€20,020 | -51.5% |
| Equity | 10/15 | €21,480 | €18,364 | -€3,115 | -14.5% |
| Contributions | 10/11 | €21,071 | €21,071 | = | 0.0% |
| Capital | 10 | €21,071 | €21,071 | = | 0.0% |
| Issued capital | 100 | €21,071 | €21,071 | = | 0.0% |
| Reserves | 13 | €2,107 | €2,107 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,107 | €2,107 | = | 0.0% |
| Legal reserve | 130 | €2,107 | €2,107 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,698 | -€4,814 | -€3,115 | -183.4% |
| Amounts payable | 17/49 | €17,413 | €508 | -€16,905 | -97.1% |
| Amounts payable within one year | 42/48 | €17,413 | €508 | -€16,905 | -97.1% |
| Current portion of amounts payable after more than one year | 42 | €15,612 | - | -€15,612 | |
| Trade debts | 44 | €377 | €242 | -€135 | -35.7% |
| Suppliers | 440/4 | €377 | €242 | -€135 | -35.7% |
| Taxes, remuneration and social security | 45 | €389 | - | -€389 | |
| Taxes | 450/3 | €389 | - | -€389 | |
| Other amounts payable | 47/48 | €1,035 | €266 | -€769 | -74.3% |
| Turnover | 70 | €42,837 | €25,325 | -€17,512 | -40.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,168 | €29,419 | -€8,749 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,173 | - | -€5,173 | |
| Other operating charges | 640/8 | €899 | €528 | -€370 | -41.2% |
| Gross operating margin | 9900 | €4,668 | -€2,486 | -€7,154 | |
| Operating profit (loss) | 9901 | -€1,403 | -€3,015 | -€1,612 | -114.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €141 | €101 | -€40 | -28.1% |
| Recurring financial charges | 65 | €141 | €101 | -€40 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,544 | -€3,115 | -€1,571 | -101.8% |
| Income taxes | 67/77 | €46 | - | -€46 | |
| Profit (loss) for the period | 9904 | -€1,590 | -€3,115 | -€1,526 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,590 | -€3,115 | -€1,526 | -96.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.