MANU LAMERS: 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 LAMERS
Largest movements
- Receivables within one year -€8,810
down €8,810 (-64.2%), from €13,729 to €4,919
of which Trade receivables: -€8,756
- Cash -€1,256
down €1,256 (-50.0%), from €2,510 to €1,254
mainly Tax, wage and social debts (-€8,368) and Investment in fixed assets (net) (-€7,311)
- Tangible fixed assets +€1,158
up €1,158 (+6.4%), from €18,073 to €19,231
of which Plant, machinery and equipment: +€5,798
- Tax, wage and social debts -€8,368
down €8,368 (-72.5%), from €11,545 to €3,177
of which Taxes: -€4,461
- Debts after one year -€5,602
down €5,602 (-46.8%), from €11,981 to €6,379
- Reserves +€2,889
up €2,889 (+370%), from €781 to €3,670
- Accrued charges and deferred income +€1,912
up €1,912 (+52.2%), from €3,664 to €5,576
- Depreciation -€3,915
down €3,915 (-38.9%), from €10,068 to €6,153
- Gross operating margin -€1,358
down €1,358 (-10.3%), from €13,188 to €11,830
- Taxes -€479
down €479 (-23.4%), from €2,043 to €1,564
- Financial charges -€303
down €303 (-26.4%), from €1,147 to €844
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 | €34,312 | €25,404 | -€8,908 | -26.0% |
| Fixed assets | 21/28 | €18,073 | €19,231 | +€1,158 | +6.4% |
| Tangible fixed assets | 22/27 | €18,073 | €19,231 | +€1,158 | +6.4% |
| Plant, machinery and equipment | 23 | - | €5,798 | +€5,798 | |
| Furniture and vehicles | 24 | €18,073 | €13,433 | -€4,640 | -25.7% |
| Current assets | 29/58 | €16,239 | €6,173 | -€10,066 | -62.0% |
| Amounts receivable within one year | 40/41 | €13,729 | €4,919 | -€8,810 | -64.2% |
| Trade receivables | 40 | €13,675 | €4,919 | -€8,756 | -64.0% |
| Other amounts receivable | 41 | €54 | - | -€54 | |
| Cash at bank and in hand | 54/58 | €2,510 | €1,254 | -€1,256 | -50.0% |
| Total equity and liabilities | 10/49 | €34,312 | €25,404 | -€8,908 | -26.0% |
| Equity | 10/15 | €1,781 | €4,670 | +€2,889 | +162% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €781 | €3,670 | +€2,889 | +370% |
| Distributable reserves | 133 | €781 | €3,670 | +€2,889 | +370% |
| Amounts payable | 17/49 | €32,531 | €20,734 | -€11,797 | -36.3% |
| Amounts payable after more than one year | 17 | €11,981 | €6,379 | -€5,602 | -46.8% |
| Financial debts | 170/4 | €11,981 | €6,379 | -€5,602 | -46.8% |
| Amounts payable within one year | 42/48 | €16,886 | €8,779 | -€8,107 | -48.0% |
| Current portion of amounts payable after more than one year | 42 | €5,341 | €5,602 | +€261 | +4.9% |
| Taxes, remuneration and social security | 45 | €11,545 | €3,177 | -€8,368 | -72.5% |
| Taxes | 450/3 | €7,638 | €3,177 | -€4,461 | -58.4% |
| Remuneration and social security | 454/9 | €3,907 | - | -€3,907 | |
| Accrued charges and deferred income | 492/3 | €3,664 | €5,576 | +€1,912 | +52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,068 | €6,153 | -€3,915 | -38.9% |
| Other operating charges | 640/8 | €252 | €380 | +€128 | +50.8% |
| Gross operating margin | 9900 | €13,188 | €11,830 | -€1,358 | -10.3% |
| Operating profit (loss) | 9901 | €2,868 | €5,297 | +€2,429 | +84.7% |
| Financial charges | 65/66B | €1,147 | €844 | -€303 | -26.4% |
| Recurring financial charges | 65 | €1,147 | €844 | -€303 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €1,721 | €4,453 | +€2,732 | +159% |
| Income taxes | 67/77 | €2,043 | €1,564 | -€479 | -23.4% |
| Profit (loss) for the period | 9904 | -€322 | €2,889 | +€3,211 | |
| Profit (loss) for the period to be appropriated | 9905 | -€322 | €2,889 | +€3,211 |
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 23 October 2026 via checked.be.