Mansum: 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.
Mansum
Largest movements
- Cash -€50,123
down €50,123 (-84.3%), from €59,468 to €9,345
mainly Net result for the year (-€55,370) and Investment in fixed assets (net) (-€18,439)
- Tangible fixed assets -€23,399
down €23,399 (-18.3%), from €128,123 to €104,724
of which Furniture and vehicles: -€31,065
- Intangible fixed assets -€20,000
down €20,000 (-36.4%), from €54,904 to €34,904
- Stocks and contracts +€6,255
up €6,255 (+16.3%), from €38,485 to €44,740
- Receivables within one year +€5,152
new in 2025: €5,152
of which Trade receivables: +€2,712
- Profit (loss) carried forward -€55,370
down €55,370 (-13.1%), from -€422,478 to -€477,848
- Other debts -€11,088
down €11,088 (-43.6%), from €25,455 to €14,368
- Trade debts -€7,410
no longer reported in 2025 (was €7,410)
- Debts after one year -€6,384
down €6,384 (-37.4%), from €17,077 to €10,693
- Gross operating margin -€6,056
down €6,056 (-1.7%), from €361,220 to €355,164
- Financial charges +€4,370
up €4,370 (+14.8%), from €29,610 to €33,980
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 | €460,980 | €381,216 | -€79,765 | -17.3% |
| Fixed assets | 21/28 | €183,027 | €139,629 | -€43,399 | -23.7% |
| Intangible fixed assets | 21 | €54,904 | €34,904 | -€20,000 | -36.4% |
| Tangible fixed assets | 22/27 | €128,123 | €104,724 | -€23,399 | -18.3% |
| Plant, machinery and equipment | 23 | €37,867 | €45,990 | +€8,123 | +21.5% |
| Furniture and vehicles | 24 | €88,246 | €57,181 | -€31,065 | -35.2% |
| Other tangible fixed assets | 26 | €2,010 | €1,553 | -€457 | -22.7% |
| Current assets | 29/58 | €277,953 | €241,587 | -€36,366 | -13.1% |
| Amounts receivable after more than one year | 29 | €180,000 | €180,000 | = | 0.0% |
| Other amounts receivable | 291 | €180,000 | €180,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €38,485 | €44,740 | +€6,255 | +16.3% |
| Stocks | 30/36 | €38,485 | €44,740 | +€6,255 | +16.3% |
| Amounts receivable within one year | 40/41 | - | €5,152 | +€5,152 | |
| Trade receivables | 40 | - | €2,712 | +€2,712 | |
| Other amounts receivable | 41 | - | €2,440 | +€2,440 | |
| Cash at bank and in hand | 54/58 | €59,468 | €9,345 | -€50,123 | -84.3% |
| Deferred charges and accrued income | 490/1 | - | €2,350 | +€2,350 | |
| Total equity and liabilities | 10/49 | €460,980 | €381,216 | -€79,765 | -17.3% |
| Equity | 10/15 | -€172,478 | -€227,848 | -€55,370 | -32.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€422,478 | -€477,848 | -€55,370 | -13.1% |
| Amounts payable | 17/49 | €633,458 | €609,063 | -€24,395 | -3.9% |
| Amounts payable after more than one year | 17 | €17,077 | €10,693 | -€6,384 | -37.4% |
| Financial debts | 170/4 | €17,077 | €10,693 | -€6,384 | -37.4% |
| Amounts payable within one year | 42/48 | €616,382 | €598,370 | -€18,011 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €6,112 | €6,384 | +€272 | +4.4% |
| Financial debts | 43 | €550,000 | €550,000 | = | 0.0% |
| Credit institutions | 430/8 | €550,000 | €550,000 | = | 0.0% |
| Trade debts | 44 | €7,410 | - | -€7,410 | |
| Suppliers | 440/4 | €7,410 | - | -€7,410 | |
| Taxes, remuneration and social security | 45 | €27,405 | €27,619 | +€214 | +0.8% |
| Taxes | 450/3 | €12,461 | €13,922 | +€1,462 | +11.7% |
| Remuneration and social security | 454/9 | €14,944 | €13,697 | -€1,248 | -8.3% |
| Other amounts payable | 47/48 | €25,455 | €14,368 | -€11,088 | -43.6% |
| Remuneration, social security and pensions | 62 | €326,988 | €323,657 | -€3,331 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,820 | €61,838 | +€3,019 | +5.1% |
| Other operating charges | 640/8 | €619 | €2,169 | +€1,550 | +250.4% |
| Gross operating margin | 9900 | €361,220 | €355,164 | -€6,056 | -1.7% |
| Operating profit (loss) | 9901 | -€25,206 | -€32,500 | -€7,294 | -28.9% |
| Financial income | 75/76B | €9,688 | €11,250 | +€1,562 | +16.1% |
| Recurring financial income | 75 | €9,688 | €11,250 | +€1,562 | +16.1% |
| Financial charges | 65/66B | €29,610 | €33,980 | +€4,370 | +14.8% |
| Recurring financial charges | 65 | €29,610 | €33,980 | +€4,370 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€45,129 | -€55,230 | -€10,101 | -22.4% |
| Income taxes | 67/77 | - | €140 | +€140 | |
| Profit (loss) for the period | 9904 | -€45,129 | -€55,370 | -€10,241 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,129 | -€55,370 | -€10,241 | -22.7% |
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.