MANU and C°: 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.
MANU and C°
Largest movements
- Tangible fixed assets -€16,654
down €16,654 (-13.5%), from €123,326 to €106,672
of which Land and buildings: -€15,773
- Receivables within one year +€7,341
up €7,341 (+4,515%), from €163 to €7,504
of which Trade receivables: +€4,772
- Debts after one year -€15,074
down €15,074 (-72.2%), from €20,887 to €5,813
- Profit (loss) carried forward +€10,506
up €10,506 (+17.3%), from €60,561 to €71,068
- Other debts -€6,356
down €6,356 (-50.3%), from €12,637 to €6,280
- Trade debts +€2,611
up €2,611 (+1,136%), from €230 to €2,841
- Staff costs -€4,857
down €4,857 (-82.3%), from €5,905 to €1,048
- Gross operating margin -€2,825
down €2,825 (-6.9%), from €41,038 to €38,213
- Taxes +€2,009
up €2,009 (+483%), from €416 to €2,426
- Financial charges -€555
down €555 (-32.7%), from €1,698 to €1,143
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.
Derived cash bridge
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 | €136,347 | €128,500 | -€7,848 | -5.8% |
| Fixed assets | 21/28 | €123,531 | €106,877 | -€16,654 | -13.5% |
| Tangible fixed assets | 22/27 | €123,326 | €106,672 | -€16,654 | -13.5% |
| Land and buildings | 22 | €120,065 | €104,292 | -€15,773 | -13.1% |
| Plant, machinery and equipment | 23 | €2,771 | €2,315 | -€456 | -16.5% |
| Furniture and vehicles | 24 | €491 | €66 | -€425 | -86.6% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €12,816 | €21,622 | +€8,806 | +68.7% |
| Stocks and contracts in progress | 3 | €808 | €421 | -€387 | -47.9% |
| Stocks | 30/36 | €808 | €421 | -€387 | -47.9% |
| Amounts receivable within one year | 40/41 | €163 | €7,504 | +€7,341 | +4,515% |
| Trade receivables | 40 | €163 | €4,934 | +€4,772 | +2,935% |
| Other amounts receivable | 41 | - | €2,570 | +€2,570 | |
| Cash at bank and in hand | 54/58 | €11,259 | €12,611 | +€1,351 | +12.0% |
| Deferred charges and accrued income | 490/1 | €586 | €1,087 | +€501 | +85.5% |
| Total equity and liabilities | 10/49 | €136,347 | €128,500 | -€7,848 | -5.8% |
| Equity | 10/15 | €81,021 | €91,528 | +€10,506 | +13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,561 | €71,068 | +€10,506 | +17.3% |
| Amounts payable | 17/49 | €55,326 | €36,972 | -€18,354 | -33.2% |
| Amounts payable after more than one year | 17 | €20,887 | €5,813 | -€15,074 | -72.2% |
| Financial debts | 170/4 | €20,887 | €5,813 | -€15,074 | -72.2% |
| Amounts payable within one year | 42/48 | €33,429 | €30,177 | -€3,252 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €15,567 | €16,037 | +€470 | +3.0% |
| Trade debts | 44 | €230 | €2,841 | +€2,611 | +1,136% |
| Suppliers | 440/4 | €230 | €2,841 | +€2,611 | +1,136% |
| Taxes, remuneration and social security | 45 | €4,995 | €5,018 | +€23 | +0.5% |
| Taxes | 450/3 | €4,201 | €5,018 | +€817 | +19.4% |
| Remuneration and social security | 454/9 | €794 | - | -€794 | |
| Other amounts payable | 47/48 | €12,637 | €6,280 | -€6,356 | -50.3% |
| Accrued charges and deferred income | 492/3 | €1,010 | €982 | -€28 | -2.8% |
| Remuneration, social security and pensions | 62 | €5,905 | €1,048 | -€4,857 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,995 | €17,692 | -€303 | -1.7% |
| Other operating charges | 640/8 | €5,087 | €5,401 | +€313 | +6.2% |
| Gross operating margin | 9900 | €41,038 | €38,213 | -€2,825 | -6.9% |
| Operating profit (loss) | 9901 | €12,051 | €14,072 | +€2,022 | +16.8% |
| Financial income | 75/76B | €6 | €3 | -€3 | -52.9% |
| Recurring financial income | 75 | €6 | €3 | -€3 | -52.9% |
| Financial charges | 65/66B | €1,698 | €1,143 | -€555 | -32.7% |
| Recurring financial charges | 65 | €1,698 | €1,143 | -€555 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €10,359 | €12,932 | +€2,573 | +24.8% |
| Income taxes | 67/77 | €416 | €2,426 | +€2,009 | +483% |
| Profit (loss) for the period | 9904 | €9,943 | €10,506 | +€564 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,943 | €10,506 | +€564 | +5.7% |
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 29 October 2026 via checked.be.