Manu Chape: 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 Chape
Largest movements
- Cash -€42,122
down €42,122 (-61.3%), from €68,710 to €26,588
mainly Net result for the year (-€47,157) and Debts after one year (-€14,523)
- Tangible fixed assets -€18,917
down €18,917 (-29.3%), from €64,560 to €45,643
of which Furniture and vehicles: -€10,518
- Receivables within one year -€13,825
down €13,825 (-55.0%), from €25,153 to €11,328
of which Trade receivables: -€12,321
- Profit (loss) carried forward -€47,157
down €47,157 (-44.5%), from €105,915 to €58,758
- Debts after one year -€14,523
down €14,523 (-83.0%), from €17,503 to €2,980
- Trade debts -€7,455
down €7,455 (-84.7%), from €8,806 to €1,351
- Tax, wage and social debts -€4,845
no longer reported in 2025 (was €4,845)
of which Taxes: -€3,345
- Gross operating margin -€60,473
down €60,473, from €35,069 to -€25,404
- Depreciation +€3,126
up €3,126 (+19.8%), from €15,791 to €18,917
- Taxes -€2,895
no longer reported in 2025 (was €2,895)
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 | €160,561 | €85,673 | -€74,888 | -46.6% |
| Fixed assets | 21/28 | €64,560 | €45,643 | -€18,917 | -29.3% |
| Tangible fixed assets | 22/27 | €64,560 | €45,643 | -€18,917 | -29.3% |
| Plant, machinery and equipment | 23 | €35,686 | €27,287 | -€8,399 | -23.5% |
| Furniture and vehicles | 24 | €28,874 | €18,356 | -€10,518 | -36.4% |
| Current assets | 29/58 | €96,001 | €40,030 | -€55,971 | -58.3% |
| Amounts receivable within one year | 40/41 | €25,153 | €11,328 | -€13,825 | -55.0% |
| Trade receivables | 40 | €21,244 | €8,923 | -€12,321 | -58.0% |
| Other amounts receivable | 41 | €3,909 | €2,405 | -€1,504 | -38.5% |
| Cash at bank and in hand | 54/58 | €68,710 | €26,588 | -€42,122 | -61.3% |
| Deferred charges and accrued income | 490/1 | €2,138 | €2,114 | -€24 | -1.1% |
| Total equity and liabilities | 10/49 | €160,561 | €85,673 | -€74,888 | -46.6% |
| Equity | 10/15 | €113,975 | €66,818 | -€47,157 | -41.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,915 | €58,758 | -€47,157 | -44.5% |
| Amounts payable | 17/49 | €46,586 | €18,855 | -€27,731 | -59.5% |
| Amounts payable after more than one year | 17 | €17,503 | €2,980 | -€14,523 | -83.0% |
| Financial debts | 170/4 | €17,503 | €2,980 | -€14,523 | -83.0% |
| Amounts payable within one year | 42/48 | €29,083 | €15,875 | -€13,208 | -45.4% |
| Current portion of amounts payable after more than one year | 42 | €15,432 | €14,524 | -€908 | -5.9% |
| Trade debts | 44 | €8,806 | €1,351 | -€7,455 | -84.7% |
| Suppliers | 440/4 | €8,806 | €1,351 | -€7,455 | -84.7% |
| Taxes, remuneration and social security | 45 | €4,845 | - | -€4,845 | |
| Taxes | 450/3 | €3,345 | - | -€3,345 | |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Non-recurring operating income | 76A | €14,000 | - | -€14,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,791 | €18,917 | +€3,126 | +19.8% |
| Other operating charges | 640/8 | €1,087 | €1,066 | -€21 | -1.9% |
| Non-recurring operating charges | 66A | - | €450 | +€450 | |
| Gross operating margin | 9900 | €35,069 | -€25,404 | -€60,473 | |
| Operating profit (loss) | 9901 | €18,191 | -€45,837 | -€64,028 | |
| Financial income | 75/76B | €8 | €59 | +€51 | +638% |
| Recurring financial income | 75 | €8 | €59 | +€51 | +638% |
| Financial charges | 65/66B | €1,631 | €1,379 | -€252 | -15.5% |
| Recurring financial charges | 65 | €1,631 | €1,379 | -€252 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €16,568 | -€47,157 | -€63,725 | |
| Income taxes | 67/77 | €2,895 | - | -€2,895 | |
| Profit (loss) for the period | 9904 | €13,673 | -€47,157 | -€60,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,673 | -€47,157 | -€60,830 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.