MANU PEELMAN PROCESSING: 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 PEELMAN PROCESSING
Largest movements
- Current investments +€150,797
new in 2025: €150,797
- Cash -€149,740
down €149,740 (-77.1%), from €194,110 to €44,369
mainly Current investments (-€150,797) and Net result for the year (-€9,490)
- Tangible fixed assets -€13,746
down €13,746 (-10.2%), from €134,533 to €120,787
of which Plant, machinery and equipment: -€8,776
- Profit (loss) carried forward -€9,490
down €9,490 (-28.2%), from -€33,653 to -€43,143
- Gross operating margin +€6,815
up €6,815, from -€2,225 to €4,591
- Depreciation +€1,588
up €1,588 (+13.1%), from €12,158 to €13,746
- Financial income +€1,139
new in 2025: €1,139
- Other operating charges +€225
up €225 (+19.6%), from €1,152 to €1,378
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 | €347,973 | €338,312 | -€9,661 | -2.8% |
| Fixed assets | 21/28 | €134,533 | €120,787 | -€13,746 | -10.2% |
| Tangible fixed assets | 22/27 | €134,533 | €120,787 | -€13,746 | -10.2% |
| Land and buildings | 22 | €90,000 | €90,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €28,247 | €19,472 | -€8,776 | -31.1% |
| Furniture and vehicles | 24 | €16,286 | €11,315 | -€4,971 | -30.5% |
| Current assets | 29/58 | €213,440 | €217,525 | +€4,085 | +1.9% |
| Stocks and contracts in progress | 3 | €8,815 | €8,815 | = | 0.0% |
| Stocks | 30/36 | €8,815 | €8,815 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,050 | €12,055 | +€3,005 | +33.2% |
| Trade receivables | 40 | €6,053 | €8,490 | +€2,437 | +40.3% |
| Other amounts receivable | 41 | €2,997 | €3,565 | +€568 | +19.0% |
| Current investments | 50/53 | - | €150,797 | +€150,797 | |
| Cash at bank and in hand | 54/58 | €194,110 | €44,369 | -€149,740 | -77.1% |
| Deferred charges and accrued income | 490/1 | €1,465 | €1,489 | +€23 | +1.6% |
| Total equity and liabilities | 10/49 | €347,973 | €338,312 | -€9,661 | -2.8% |
| Equity | 10/15 | €309,883 | €300,393 | -€9,490 | -3.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €331,135 | €331,135 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €312,385 | €312,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,653 | -€43,143 | -€9,490 | -28.2% |
| Amounts payable | 17/49 | €38,091 | €37,920 | -€171 | -0.4% |
| Amounts payable within one year | 42/48 | €38,091 | €37,920 | -€171 | -0.4% |
| Trade debts | 44 | €3,289 | €3,068 | -€221 | -6.7% |
| Suppliers | 440/4 | €3,289 | €3,068 | -€221 | -6.7% |
| Taxes, remuneration and social security | 45 | - | €66 | +€66 | |
| Taxes | 450/3 | - | €66 | +€66 | |
| Other amounts payable | 47/48 | €34,801 | €34,786 | -€16 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,158 | €13,746 | +€1,588 | +13.1% |
| Other operating charges | 640/8 | €1,152 | €1,378 | +€225 | +19.6% |
| Gross operating margin | 9900 | -€2,225 | €4,591 | +€6,815 | |
| Operating profit (loss) | 9901 | -€15,536 | -€10,533 | +€5,002 | +32.2% |
| Financial income | 75/76B | - | €1,139 | +€1,139 | |
| Recurring financial income | 75 | - | €1,139 | +€1,139 | |
| Financial charges | 65/66B | €96 | €96 | -€0 | -0.1% |
| Recurring financial charges | 65 | €96 | €96 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,631 | -€9,490 | +€6,141 | +39.3% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€15,631 | -€9,490 | +€6,141 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,631 | -€9,490 | +€6,141 | +39.3% |
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 10 October 2026 via checked.be.