Manu Soins: 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 Soins
Largest movements
- Cash +€118,725
up €118,725 (+80.8%), from €146,911 to €265,636
mainly Net result for the year (+€162,186) and Depreciation (+€31,172)
- Tangible fixed assets +€45,051
up €45,051 (+10.9%), from €412,048 to €457,099
of which Plant, machinery and equipment: +€59,924
- Receivables within one year +€13,193
new in 2025: €13,193
of which Trade receivables: +€11,596
- Intangible fixed assets -€13,000
down €13,000 (-28.5%), from €45,553 to €32,553
- Reserves +€162,180
up €162,180 (+30.6%), from €530,547 to €692,727
- Debts after one year -€12,685
no longer reported in 2025 (was €12,685)
- Tax, wage and social debts +€10,741
up €10,741 (+29.2%), from €36,766 to €47,507
of which Taxes: +€17,968
- Gross operating margin +€35,896
up €35,896 (+12.1%), from €297,667 to €333,562
- Depreciation -€27,516
down €27,516 (-46.9%), from €58,687 to €31,172
- Taxes +€23,669
up €23,669 (+53.0%), from €44,624 to €68,294
- Staff costs -€18,064
down €18,064 (-21.8%), from €82,953 to €64,889
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 | €652,187 | €812,019 | +€159,832 | +24.5% |
| Fixed assets | 21/28 | €457,777 | €489,828 | +€32,051 | +7.0% |
| Intangible fixed assets | 21 | €45,553 | €32,553 | -€13,000 | -28.5% |
| Tangible fixed assets | 22/27 | €412,048 | €457,099 | +€45,051 | +10.9% |
| Land and buildings | 22 | €403,244 | €389,296 | -€13,948 | -3.5% |
| Plant, machinery and equipment | 23 | - | €59,924 | +€59,924 | |
| Furniture and vehicles | 24 | €8,804 | €7,879 | -€925 | -10.5% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €194,411 | €322,191 | +€127,781 | +65.7% |
| Amounts receivable within one year | 40/41 | - | €13,193 | +€13,193 | |
| Trade receivables | 40 | - | €11,596 | +€11,596 | |
| Other amounts receivable | 41 | - | €1,597 | +€1,597 | |
| Cash at bank and in hand | 54/58 | €146,911 | €265,636 | +€118,725 | +80.8% |
| Deferred charges and accrued income | 490/1 | €47,499 | €43,362 | -€4,137 | -8.7% |
| Total equity and liabilities | 10/49 | €652,187 | €812,019 | +€159,832 | +24.5% |
| Equity | 10/15 | €581,027 | €743,212 | +€162,186 | +27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €530,547 | €692,727 | +€162,180 | +30.6% |
| Distributable reserves | 133 | €530,547 | €692,727 | +€162,180 | +30.6% |
| Profit (loss) carried forward | 14 | €31,879 | €31,885 | +€6 | 0.0% |
| Amounts payable | 17/49 | €71,161 | €68,807 | -€2,354 | -3.3% |
| Amounts payable after more than one year | 17 | €12,685 | - | -€12,685 | |
| Financial debts | 170/4 | €12,685 | - | -€12,685 | |
| Amounts payable within one year | 42/48 | €57,701 | €68,057 | +€10,356 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €13,609 | €12,685 | -€925 | -6.8% |
| Trade debts | 44 | €4,283 | €7,865 | +€3,582 | +83.6% |
| Suppliers | 440/4 | €4,283 | €7,865 | +€3,582 | +83.6% |
| Taxes, remuneration and social security | 45 | €36,766 | €47,507 | +€10,741 | +29.2% |
| Taxes | 450/3 | €22,508 | €40,476 | +€17,968 | +79.8% |
| Remuneration and social security | 454/9 | €14,258 | €7,031 | -€7,227 | -50.7% |
| Other amounts payable | 47/48 | €3,043 | - | -€3,043 | |
| Accrued charges and deferred income | 492/3 | €775 | €750 | -€25 | -3.2% |
| Remuneration, social security and pensions | 62 | €82,953 | €64,889 | -€18,064 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,687 | €31,172 | -€27,516 | -46.9% |
| Other operating charges | 640/8 | €1,427 | €1,475 | +€47 | +3.3% |
| Gross operating margin | 9900 | €297,667 | €333,562 | +€35,896 | +12.1% |
| Operating profit (loss) | 9901 | €154,599 | €236,027 | +€81,427 | +52.7% |
| Financial income | 75/76B | €388 | €1,086 | +€697 | +180% |
| Recurring financial income | 75 | €388 | €1,086 | +€697 | +180% |
| Financial charges | 65/66B | €8,303 | €6,633 | -€1,670 | -20.1% |
| Recurring financial charges | 65 | €8,303 | €6,633 | -€1,670 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €146,684 | €230,479 | +€83,795 | +57.1% |
| Income taxes | 67/77 | €44,624 | €68,294 | +€23,669 | +53.0% |
| Profit (loss) for the period | 9904 | €102,060 | €162,186 | +€60,126 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €102,060 | €162,186 | +€60,126 | +58.9% |
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 21 October 2026 via checked.be.