MANUMED: what changed
Two fiscal 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.
MANUMED
Largest movements
- Cash -€4,936
down €4,936 (-49.9%), from €9,883 to €4,948
mainly Net result for the year (-€11,103) and Receivables within one year (-€247)
- Deferred charges and accrued income -€1,734
down €1,734 (-65.7%), from €2,638 to €904
- Tangible fixed assets -€1,245
down €1,245 (-59.1%), from €2,107 to €862
- Profit (loss) carried forward -€11,103
down €11,103 (-56.6%), from -€19,602 to -€30,706
- Other debts +€2,493
up €2,493 (+8.0%), from €31,297 to €33,790
- Trade debts +€942
up €942 (+160.1%), from €588 to €1,530
- Gross operating margin -€8,455
down €8,455, from €333 to -€8,121
- Depreciation -€1,373
down €1,373 (-61.5%), from €2,235 to €861
- Financial charges +€170
up €170 (+12.9%), from €1,316 to €1,486
- Other operating charges +€156
up €156 (+15.1%), from €1,034 to €1,190
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 | €33,218 | €25,549 | -€7,668 | -23.1% |
| Fixed assets | 21/28 | €2,107 | €862 | -€1,245 | -59.1% |
| Tangible fixed assets | 22/27 | €2,107 | €862 | -€1,245 | -59.1% |
| Other tangible fixed assets | 26 | €2,107 | €862 | -€1,245 | -59.1% |
| Current assets | 29/58 | €31,111 | €24,688 | -€6,423 | -20.6% |
| Amounts receivable within one year | 40/41 | €18,590 | €18,836 | +€247 | +1.3% |
| Trade receivables | 40 | - | €1,596 | +€1,596 | |
| Other amounts receivable | 41 | €18,590 | €17,240 | -€1,350 | -7.3% |
| Cash at bank and in hand | 54/58 | €9,883 | €4,948 | -€4,936 | -49.9% |
| Deferred charges and accrued income | 490/1 | €2,638 | €904 | -€1,734 | -65.7% |
| Total equity and liabilities | 10/49 | €33,218 | €25,549 | -€7,668 | -23.1% |
| Equity | 10/15 | €1,333 | -€9,770 | -€11,103 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,343 | €2,343 | = | 0.0% |
| Tax-exempt reserves | 132 | €484 | €484 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,602 | -€30,706 | -€11,103 | -56.6% |
| Amounts payable | 17/49 | €31,885 | €35,320 | +€3,435 | +10.8% |
| Amounts payable within one year | 42/48 | €31,885 | €35,320 | +€3,435 | +10.8% |
| Trade debts | 44 | €588 | €1,530 | +€942 | +160.1% |
| Suppliers | 440/4 | €588 | €1,530 | +€942 | +160.1% |
| Other amounts payable | 47/48 | €31,297 | €33,790 | +€2,493 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,235 | €861 | -€1,373 | -61.5% |
| Other operating charges | 640/8 | €1,034 | €1,190 | +€156 | +15.1% |
| Non-recurring operating charges | 66A | - | €384 | +€384 | |
| Gross operating margin | 9900 | €333 | -€8,121 | -€8,455 | |
| Operating profit (loss) | 9901 | -€2,936 | -€10,557 | -€7,621 | -259.6% |
| Financial income | 75/76B | €977 | €939 | -€38 | -3.9% |
| Recurring financial income | 75 | €977 | €939 | -€38 | -3.9% |
| Financial charges | 65/66B | €1,316 | €1,486 | +€170 | +12.9% |
| Recurring financial charges | 65 | €1,316 | €1,486 | +€170 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,275 | -€11,103 | -€7,829 | -239.1% |
| Profit (loss) for the period | 9904 | -€3,275 | -€11,103 | -€7,829 | -239.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,275 | -€11,103 | -€7,829 | -239.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.