Manu Dextra: 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.
Manu Dextra
Largest movements
- Cash -€124,686
down €124,686 (-84.4%), from €147,764 to €23,078
mainly Contributions, distributions and other (-€295,000) and Investment in fixed assets (net) (-€109,924)
- Tangible fixed assets +€83,145
up €83,145 (+236.1%), from €35,219 to €118,364
of which Furniture and vehicles: +€81,086
- Current investments +€77,254
up €77,254 (+80.3%), from €96,190 to €173,444
- Receivables within one year -€5,264
down €5,264 (-8.5%), from €62,023 to €56,759
of which Trade receivables: -€6,357
- Reserves -€230,053
down €230,053 (-77.8%), from €295,795 to €65,741
- Other debts +€180,673
up €180,673 (+2164.9%), from €8,346 to €189,019
- Debts after one year +€66,232
up €66,232, from €0 to €66,232
- Current portion of long-term debt +€13,772
up €13,772 (+89.7%), from €15,345 to €29,117
- Trade debts -€6,041
down €6,041 (-80.1%), from €7,546 to €1,505
- Depreciation +€10,197
up €10,197 (+61.5%), from €16,582 to €26,779
- Gross operating margin +€8,192
up €8,192 (+6.9%), from €118,745 to €126,937
- Financial charges +€5,138
up €5,138 (+530.8%), from €968 to €6,106
- Taxes +€2,822
up €2,822 (+13.4%), from €21,042 to €23,864
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 | €341,467 | €372,344 | +€30,877 | +9.0% |
| Fixed assets | 21/28 | €35,219 | €118,364 | +€83,145 | +236.1% |
| Tangible fixed assets | 22/27 | €35,219 | €118,364 | +€83,145 | +236.1% |
| Land and buildings | 22 | €908 | €878 | -€30 | -3.3% |
| Plant, machinery and equipment | 23 | €1,513 | €3,602 | +€2,089 | +138.1% |
| Furniture and vehicles | 24 | €32,798 | €113,885 | +€81,086 | +247.2% |
| Current assets | 29/58 | €306,248 | €253,980 | -€52,268 | -17.1% |
| Amounts receivable within one year | 40/41 | €62,023 | €56,759 | -€5,264 | -8.5% |
| Trade receivables | 40 | €58,137 | €51,780 | -€6,357 | -10.9% |
| Other amounts receivable | 41 | €3,886 | €4,979 | +€1,093 | +28.1% |
| Current investments | 50/53 | €96,190 | €173,444 | +€77,254 | +80.3% |
| Cash at bank and in hand | 54/58 | €147,764 | €23,078 | -€124,686 | -84.4% |
| Deferred charges and accrued income | 490/1 | €271 | €699 | +€428 | +157.7% |
| Total equity and liabilities | 10/49 | €341,467 | €372,344 | +€30,877 | +9.0% |
| Equity | 10/15 | €297,795 | €67,741 | -€230,053 | -77.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €295,795 | €65,741 | -€230,053 | -77.8% |
| Distributable reserves | 133 | €295,795 | €65,741 | -€230,053 | -77.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €43,672 | €304,603 | +€260,930 | +597.5% |
| Amounts payable after more than one year | 17 | €0 | €66,232 | +€66,232 | |
| Financial debts | 170/4 | €0 | €66,232 | +€66,232 | |
| Amounts payable within one year | 42/48 | €42,466 | €232,536 | +€190,070 | +447.6% |
| Current portion of amounts payable after more than one year | 42 | €15,345 | €29,117 | +€13,772 | +89.7% |
| Trade debts | 44 | €7,546 | €1,505 | -€6,041 | -80.1% |
| Suppliers | 440/4 | €7,546 | €1,505 | -€6,041 | -80.1% |
| Taxes, remuneration and social security | 45 | €11,229 | €12,895 | +€1,666 | +14.8% |
| Taxes | 450/3 | €9,145 | €10,810 | +€1,666 | +18.2% |
| Remuneration and social security | 454/9 | €2,085 | €2,085 | = | 0.0% |
| Other amounts payable | 47/48 | €8,346 | €189,019 | +€180,673 | +2164.9% |
| Accrued charges and deferred income | 492/3 | €1,206 | €5,835 | +€4,629 | +383.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,582 | €26,779 | +€10,197 | +61.5% |
| Other operating charges | 640/8 | €621 | €334 | -€286 | -46.1% |
| Non-recurring operating charges | 66A | - | €5,662 | +€5,662 | |
| Gross operating margin | 9900 | €118,745 | €126,937 | +€8,192 | +6.9% |
| Operating profit (loss) | 9901 | €101,543 | €94,162 | -€7,381 | -7.3% |
| Financial income | 75/76B | €192 | €755 | +€563 | +292.9% |
| Recurring financial income | 75 | €192 | €755 | +€563 | +292.9% |
| Financial charges | 65/66B | €968 | €6,106 | +€5,138 | +530.8% |
| Recurring financial charges | 65 | €968 | €6,106 | +€5,138 | +530.8% |
| Profit (loss) for the period before taxes | 9903 | €100,767 | €88,810 | -€11,956 | -11.9% |
| Income taxes | 67/77 | €21,042 | €23,864 | +€2,822 | +13.4% |
| Profit (loss) for the period | 9904 | €79,725 | €64,947 | -€14,778 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €79,725 | €64,947 | -€14,778 | -18.5% |
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 4 October 2026 via checked.be.