MANSUS: 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.
MANSUS
Largest movements
- Receivables within one year +€40,934
up €40,934 (+18.8%), from €217,272 to €258,206
of which Other amounts receivable: +€56,488
- Tangible fixed assets -€32,483
down €32,483 (-24.5%), from €132,401 to €99,918
of which Furniture and vehicles: -€32,483
- Deferred charges and accrued income +€8,198
up €8,198 (+50.3%), from €16,291 to €24,490
- Reserves +€57,100
up €57,100 (+29.3%), from €194,720 to €251,820
- Debts after one year -€31,795
down €31,795 (-33.0%), from €96,246 to €64,451
- Gross operating margin -€27,540
down €27,540 (-7.1%), from €386,291 to €358,751
- Staff costs +€14,088
up €14,088 (+6.4%), from €219,116 to €233,204
- Taxes -€11,097
down €11,097 (-30.4%), from €36,493 to €25,396
- Depreciation -€7,073
down €7,073 (-17.9%), from €39,555 to €32,483
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 | €515,965 | €532,614 | +€16,650 | +3.2% |
| Fixed assets | 21/28 | €132,401 | €99,918 | -€32,483 | -24.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €132,401 | €99,918 | -€32,483 | -24.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €132,401 | €99,918 | -€32,483 | -24.5% |
| Current assets | 29/58 | €383,564 | €432,696 | +€49,132 | +12.8% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €217,272 | €258,206 | +€40,934 | +18.8% |
| Trade receivables | 40 | €189,936 | €174,382 | -€15,554 | -8.2% |
| Other amounts receivable | 41 | €27,336 | €83,825 | +€56,488 | +206.6% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €16,291 | €24,490 | +€8,198 | +50.3% |
| Total equity and liabilities | 10/49 | €515,965 | €532,614 | +€16,650 | +3.2% |
| Equity | 10/15 | €194,796 | €251,934 | +€57,139 | +29.3% |
| Reserves | 13 | €194,720 | €251,820 | +€57,100 | +29.3% |
| Distributable reserves | 133 | €194,720 | €251,820 | +€57,100 | +29.3% |
| Profit (loss) carried forward | 14 | €76 | €115 | +€39 | +51.0% |
| Amounts payable | 17/49 | €321,169 | €280,680 | -€40,489 | -12.6% |
| Amounts payable after more than one year | 17 | €96,246 | €64,451 | -€31,795 | -33.0% |
| Financial debts | 170/4 | €96,246 | €64,451 | -€31,795 | -33.0% |
| Amounts payable within one year | 42/48 | €224,923 | €216,229 | -€8,694 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €58,985 | €56,547 | -€2,438 | -4.1% |
| Financial debts | 43 | €29,908 | €29,075 | -€833 | -2.8% |
| Other loans | 439 | €29,908 | €29,075 | -€833 | -2.8% |
| Trade debts | 44 | €13,707 | €12,695 | -€1,011 | -7.4% |
| Suppliers | 440/4 | €13,707 | €12,695 | -€1,011 | -7.4% |
| Taxes, remuneration and social security | 45 | €122,214 | €117,911 | -€4,303 | -3.5% |
| Taxes | 450/3 | €90,670 | €81,707 | -€8,963 | -9.9% |
| Remuneration and social security | 454/9 | €31,544 | €36,204 | +€4,660 | +14.8% |
| Other amounts payable | 47/48 | €109 | - | -€109 | |
| Remuneration, social security and pensions | 62 | €219,116 | €233,204 | +€14,088 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,555 | €32,483 | -€7,073 | -17.9% |
| Other operating charges | 640/8 | €4,602 | €4,342 | -€260 | -5.7% |
| Gross operating margin | 9900 | €386,291 | €358,751 | -€27,540 | -7.1% |
| Operating profit (loss) | 9901 | €123,018 | €88,722 | -€34,295 | -27.9% |
| Financial income | 75/76B | €2,437 | €5,475 | +€3,038 | +124.6% |
| Recurring financial income | 75 | €2,437 | €5,475 | +€3,038 | +124.6% |
| Financial charges | 65/66B | €13,172 | €11,663 | -€1,509 | -11.5% |
| Recurring financial charges | 65 | €13,172 | €11,663 | -€1,509 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €112,283 | €82,535 | -€29,748 | -26.5% |
| Income taxes | 67/77 | €36,493 | €25,396 | -€11,097 | -30.4% |
| Profit (loss) for the period | 9904 | €75,790 | €57,139 | -€18,651 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,790 | €57,139 | -€18,651 | -24.6% |
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 8 October 2026 via checked.be.