MANUFACTORY: 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.
MANUFACTORY
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Receivables within one year -€32,920
down €32,920 (-70.6%), from €46,619 to €13,699
of which Trade receivables: -€29,649
- Cash +€15,368
up €15,368 (+50.9%), from €30,174 to €45,542
mainly Current investments (+€100,000) and Receivables within one year (+€32,920)
- Deferred charges and accrued income -€2,932
down €2,932 (-13.7%), from €21,444 to €18,512
- Reserves -€79,352
down €79,352 (-71.9%), from €110,365 to €31,013
- Profit (loss) carried forward -€30,173
down €30,173, from €0 to -€30,173
- Other debts -€15,000
down €15,000 (-19.9%), from €75,479 to €60,479
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Trade debts -€4,945
down €4,945 (-58.8%), from €8,411 to €3,467
- Gross operating margin -€20,167
down €20,167 (-420%), from -€4,807 to -€24,974
- Financial income +€1,241
up €1,241 (+2,138%), from €58 to €1,299
- Depreciation +€976
up €976 (+30.1%), from €3,238 to €4,214
- Other operating charges -€344
down €344 (-14.8%), from €2,319 to €1,975
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 | €208,918 | €87,346 | -€121,573 | -58.2% |
| Fixed assets | 21/28 | €10,681 | €9,592 | -€1,088 | -10.2% |
| Tangible fixed assets | 22/27 | €10,681 | €9,592 | -€1,088 | -10.2% |
| Plant, machinery and equipment | 23 | €8,694 | €5,500 | -€3,194 | -36.7% |
| Furniture and vehicles | 24 | €1,986 | €4,092 | +€2,106 | +106% |
| Current assets | 29/58 | €198,238 | €77,753 | -€120,484 | -60.8% |
| Amounts receivable within one year | 40/41 | €46,619 | €13,699 | -€32,920 | -70.6% |
| Trade receivables | 40 | €31,419 | €1,771 | -€29,649 | -94.4% |
| Other amounts receivable | 41 | €15,200 | €11,928 | -€3,271 | -21.5% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €30,174 | €45,542 | +€15,368 | +50.9% |
| Deferred charges and accrued income | 490/1 | €21,444 | €18,512 | -€2,932 | -13.7% |
| Total equity and liabilities | 10/49 | €208,918 | €87,346 | -€121,573 | -58.2% |
| Equity | 10/15 | €122,765 | €19,439 | -€103,326 | -84.2% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €110,365 | €31,013 | -€79,352 | -71.9% |
| Distributable reserves | 133 | €110,365 | €31,013 | -€79,352 | -71.9% |
| Profit (loss) carried forward | 14 | €0 | -€30,173 | -€30,173 | |
| Amounts payable | 17/49 | €86,153 | €67,906 | -€18,247 | -21.2% |
| Amounts payable within one year | 42/48 | €86,153 | €67,906 | -€18,247 | -21.2% |
| Trade debts | 44 | €8,411 | €3,467 | -€4,945 | -58.8% |
| Suppliers | 440/4 | €8,411 | €3,467 | -€4,945 | -58.8% |
| Taxes, remuneration and social security | 45 | €2,263 | €3,960 | +€1,698 | +75.0% |
| Taxes | 450/3 | €2,263 | €3,960 | +€1,698 | +75.0% |
| Other amounts payable | 47/48 | €75,479 | €60,479 | -€15,000 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,238 | €4,214 | +€976 | +30.1% |
| Other operating charges | 640/8 | €2,319 | €1,975 | -€344 | -14.8% |
| Gross operating margin | 9900 | -€4,807 | -€24,974 | -€20,167 | -420% |
| Operating profit (loss) | 9901 | -€10,364 | -€31,163 | -€20,799 | -201% |
| Financial income | 75/76B | €58 | €1,299 | +€1,241 | +2,138% |
| Recurring financial income | 75 | €58 | €1,299 | +€1,241 | +2,138% |
| Financial charges | 65/66B | €67 | €74 | +€7 | +10.4% |
| Recurring financial charges | 65 | €67 | €74 | +€7 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,373 | -€29,938 | -€19,565 | -189% |
| Income taxes | 67/77 | €235 | €235 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€10,609 | -€30,173 | -€19,565 | -184% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,609 | -€30,173 | -€19,565 | -184% |
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 17 October 2026 via checked.be.