MANU POLIS: 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 POLIS
Largest movements
- Tangible fixed assets -€104,805
down €104,805 (-18.4%), from €569,403 to €464,597
of which Plant, machinery and equipment: -€72,872
- Other debts +€317,354
up €317,354 (+57.5%), from €551,931 to €869,285
- Trade debts -€200,969
down €200,969 (-33.7%), from €596,896 to €395,926
- Reserves -€140,000
down €140,000 (-13.6%), from €1.0m to €891,859
of which Distributable reserves: -€140,000
- Tax, wage and social debts -€59,906
down €59,906 (-30.1%), from €199,145 to €139,239
of which Taxes: -€59,948
- Gross operating margin -€426,713
down €426,713 (-34.9%), from €1.2m to €796,727
- Provisions -€200,769
down €200,769 (-1,446%), from -€13,888 to -€214,657
- Write-downs -€118,079
down €118,079 (-78.0%), from €151,299 to €33,220
- Taxes -€47,269
down €47,269 (-27.9%), from €169,259 to €121,990
- Staff costs +€23,639
up €23,639 (+7.2%), from €327,230 to €350,869
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 | €3,098,445 | €2,997,222 | -€101,224 | -3.3% |
| Fixed assets | 21/28 | €572,935 | €468,130 | -€104,805 | -18.3% |
| Tangible fixed assets | 22/27 | €569,403 | €464,597 | -€104,805 | -18.4% |
| Plant, machinery and equipment | 23 | €325,642 | €252,771 | -€72,872 | -22.4% |
| Furniture and vehicles | 24 | €243,760 | €211,827 | -€31,934 | -13.1% |
| Financial fixed assets | 28 | €3,532 | €3,532 | = | 0.0% |
| Current assets | 29/58 | €2,525,510 | €2,529,092 | +€3,582 | +0.1% |
| Stocks and contracts in progress | 3 | €165,398 | €165,415 | +€16 | 0.0% |
| Stocks | 30/36 | €165,398 | €165,415 | +€16 | 0.0% |
| Amounts receivable within one year | 40/41 | €1,511,210 | €1,524,731 | +€13,521 | +0.9% |
| Trade receivables | 40 | €1,510,772 | €1,518,506 | +€7,733 | +0.5% |
| Other amounts receivable | 41 | €438 | €6,225 | +€5,788 | +1,322% |
| Cash at bank and in hand | 54/58 | €848,902 | €838,946 | -€9,956 | -1.2% |
| Total equity and liabilities | 10/49 | €3,098,445 | €2,997,222 | -€101,224 | -3.3% |
| Equity | 10/15 | €1,699,736 | €1,563,563 | -€136,173 | -8.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,031,859 | €891,859 | -€140,000 | -13.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,030,000 | €890,000 | -€140,000 | -13.6% |
| Profit (loss) carried forward | 14 | €649,285 | €653,111 | +€3,827 | +0.6% |
| Amounts payable | 17/49 | €1,398,709 | €1,433,659 | +€34,949 | +2.5% |
| Amounts payable after more than one year | 17 | €28,531 | €6,026 | -€22,505 | -78.9% |
| Financial debts | 170/4 | €28,531 | €6,026 | -€22,505 | -78.9% |
| Amounts payable within one year | 42/48 | €1,370,178 | €1,427,633 | +€57,454 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €22,207 | €23,183 | +€976 | +4.4% |
| Trade debts | 44 | €596,896 | €395,926 | -€200,969 | -33.7% |
| Suppliers | 440/4 | €596,896 | €395,926 | -€200,969 | -33.7% |
| Taxes, remuneration and social security | 45 | €199,145 | €139,239 | -€59,906 | -30.1% |
| Taxes | 450/3 | €163,710 | €103,762 | -€59,948 | -36.6% |
| Remuneration and social security | 454/9 | €35,435 | €35,476 | +€41 | +0.1% |
| Other amounts payable | 47/48 | €551,931 | €869,285 | +€317,354 | +57.5% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €327,230 | €350,869 | +€23,639 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,544 | €153,615 | +€8,072 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €151,299 | €33,220 | -€118,079 | -78.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€13,888 | -€214,657 | -€200,769 | -1,446% |
| Other operating charges | 640/8 | €25,687 | €9,481 | -€16,206 | -63.1% |
| Non-recurring operating charges | 66A | €3,782 | €127,777 | +€123,995 | +3,279% |
| Gross operating margin | 9900 | €1,223,440 | €796,727 | -€426,713 | -34.9% |
| Operating profit (loss) | 9901 | €583,787 | €336,422 | -€247,365 | -42.4% |
| Financial income | 75/76B | €54 | €4,187 | +€4,133 | +7,607% |
| Recurring financial income | 75 | €54 | €4,187 | +€4,133 | +7,607% |
| Financial charges | 65/66B | €47,461 | €44,793 | -€2,668 | -5.6% |
| Recurring financial charges | 65 | €47,461 | €44,793 | -€2,668 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €536,380 | €295,816 | -€240,564 | -44.8% |
| Income taxes | 67/77 | €169,259 | €121,990 | -€47,269 | -27.9% |
| Profit (loss) for the period | 9904 | €367,121 | €173,827 | -€193,295 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €367,121 | €173,827 | -€193,295 | -52.7% |
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 16 October 2026 via checked.be.