Manu Provyn: 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 Provyn
Largest movements
- Stocks and contracts +€588,848
up €588,848 (+93.0%), from €633,322 to €1.2m
- Receivables within one year -€250,224
down €250,224 (-71.5%), from €350,194 to €99,970
- Cash -€146,792
down €146,792 (-89.2%), from €164,519 to €17,727
mainly Stocks and contracts (-€588,848) and Net result for the year (-€4,331)
- Tangible fixed assets -€17,142
down €17,142 (-43.7%), from €39,182 to €22,040
of which Furniture and vehicles: -€14,917
- Other debts +€134,860
up €134,860 (+15.7%), from €859,470 to €994,330
- Trade debts +€39,947
up €39,947 (+6,836%), from €584 to €40,532
- Gross operating margin -€294,743
down €294,743 (-94.2%), from €312,948 to €18,205
- Taxes -€72,508
no longer reported in 2025 (was €72,508)
- Financial income +€5,450
up €5,450 (+1,807%), from €302 to €5,752
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 | €1,187,218 | €1,362,358 | +€175,140 | +14.8% |
| Fixed assets | 21/28 | €39,182 | €22,040 | -€17,142 | -43.7% |
| Tangible fixed assets | 22/27 | €39,182 | €22,040 | -€17,142 | -43.7% |
| Plant, machinery and equipment | 23 | €8,970 | €6,746 | -€2,224 | -24.8% |
| Furniture and vehicles | 24 | €30,212 | €15,294 | -€14,917 | -49.4% |
| Current assets | 29/58 | €1,148,036 | €1,340,318 | +€192,282 | +16.7% |
| Stocks and contracts in progress | 3 | €633,322 | €1,222,171 | +€588,848 | +93.0% |
| Stocks | 30/36 | €633,322 | €1,222,171 | +€588,848 | +93.0% |
| Amounts receivable within one year | 40/41 | €350,194 | €99,970 | -€250,224 | -71.5% |
| Other amounts receivable | 41 | €350,194 | €99,970 | -€250,224 | -71.5% |
| Cash at bank and in hand | 54/58 | €164,519 | €17,727 | -€146,792 | -89.2% |
| Deferred charges and accrued income | 490/1 | - | €450 | +€450 | |
| Total equity and liabilities | 10/49 | €1,187,218 | €1,362,358 | +€175,140 | +14.8% |
| Equity | 10/15 | €327,164 | €322,833 | -€4,331 | -1.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €322,164 | €317,833 | -€4,331 | -1.3% |
| Distributable reserves | 133 | €322,164 | €317,833 | -€4,331 | -1.3% |
| Amounts payable | 17/49 | €860,054 | €1,039,525 | +€179,471 | +20.9% |
| Amounts payable within one year | 42/48 | €860,054 | €1,039,525 | +€179,471 | +20.9% |
| Trade debts | 44 | €584 | €40,532 | +€39,947 | +6,836% |
| Suppliers | 440/4 | €584 | €40,532 | +€39,947 | +6,836% |
| Taxes, remuneration and social security | 45 | - | €4,664 | +€4,664 | |
| Taxes | 450/3 | - | €4,664 | +€4,664 | |
| Other amounts payable | 47/48 | €859,470 | €994,330 | +€134,860 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,035 | €17,142 | +€1,107 | +6.9% |
| Other operating charges | 640/8 | €1,168 | €1,836 | +€668 | +57.1% |
| Gross operating margin | 9900 | €312,948 | €18,205 | -€294,743 | -94.2% |
| Operating profit (loss) | 9901 | €295,745 | -€772 | -€296,518 | |
| Financial income | 75/76B | €302 | €5,752 | +€5,450 | +1,807% |
| Recurring financial income | 75 | €302 | €5,752 | +€5,450 | +1,807% |
| Financial charges | 65/66B | €7,611 | €9,311 | +€1,700 | +22.3% |
| Recurring financial charges | 65 | €7,611 | €9,311 | +€1,700 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €288,436 | -€4,331 | -€292,767 | |
| Income taxes | 67/77 | €72,508 | - | -€72,508 | |
| Profit (loss) for the period | 9904 | €215,928 | -€4,331 | -€220,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €215,928 | -€4,331 | -€220,259 |
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 22 October 2026 via checked.be.