MANUMETAL: 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.
MANUMETAL
Largest movements
- Tangible fixed assets -€3,374
down €3,374 (-55.7%), from €6,061 to €2,686
- Receivables within one year -€3,168
down €3,168 (-46.1%), from €6,866 to €3,698
of which Trade receivables: -€1,785
- Cash +€1,497
up €1,497 (+346.0%), from €433 to €1,930
mainly Other debts (+€5,911) and Current portion of long-term debt (+€5,000)
- Profit (loss) carried forward -€12,168
down €12,168 (-34.0%), from -€35,747 to -€47,915
- Other debts +€5,911
up €5,911 (+36.4%), from €16,230 to €22,142
- Current portion of long-term debt +€5,000
up €5,000 (+62.5%), from €8,000 to €13,000
- Trade debts -€2,813
down €2,813 (-87.4%), from €3,217 to €405
- Tax, wage and social debts -€1,564
down €1,564 (-53.9%), from €2,904 to €1,340
of which Remuneration and social security: -€2,193
- Gross operating margin -€14,659
down €14,659, from €9,217 to -€5,442
- Staff costs -€7,973
down €7,973 (-81.3%), from €9,801 to €1,828
- Depreciation +€621
up €621 (+22.5%), from €2,754 to €3,374
- Other operating charges -€136
down €136 (-16.4%), from €834 to €697
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 | €13,359 | €8,314 | -€5,045 | -37.8% |
| Fixed assets | 21/28 | €6,061 | €2,686 | -€3,374 | -55.7% |
| Tangible fixed assets | 22/27 | €6,061 | €2,686 | -€3,374 | -55.7% |
| Furniture and vehicles | 24 | €6,061 | €2,686 | -€3,374 | -55.7% |
| Current assets | 29/58 | €7,299 | €5,628 | -€1,671 | -22.9% |
| Amounts receivable within one year | 40/41 | €6,866 | €3,698 | -€3,168 | -46.1% |
| Trade receivables | 40 | €5,483 | €3,698 | -€1,785 | -32.6% |
| Other amounts receivable | 41 | €1,383 | - | -€1,383 | |
| Cash at bank and in hand | 54/58 | €433 | €1,930 | +€1,497 | +346.0% |
| Total equity and liabilities | 10/49 | €13,359 | €8,314 | -€5,045 | -37.8% |
| Equity | 10/15 | -€17,147 | -€29,315 | -€12,168 | -71.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,747 | -€47,915 | -€12,168 | -34.0% |
| Amounts payable | 17/49 | €30,506 | €37,629 | +€7,123 | +23.4% |
| Amounts payable within one year | 42/48 | €30,506 | €37,629 | +€7,123 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €13,000 | +€5,000 | +62.5% |
| Financial debts | 43 | €154 | €743 | +€589 | +381.5% |
| Credit institutions | 430/8 | €154 | €743 | +€589 | +381.5% |
| Trade debts | 44 | €3,217 | €405 | -€2,813 | -87.4% |
| Suppliers | 440/4 | €3,217 | €405 | -€2,813 | -87.4% |
| Taxes, remuneration and social security | 45 | €2,904 | €1,340 | -€1,564 | -53.9% |
| Taxes | 450/3 | €0 | €628 | +€628 | +273156.5% |
| Remuneration and social security | 454/9 | €2,904 | €711 | -€2,193 | -75.5% |
| Other amounts payable | 47/48 | €16,230 | €22,142 | +€5,911 | +36.4% |
| Remuneration, social security and pensions | 62 | €9,801 | €1,828 | -€7,973 | -81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,754 | €3,374 | +€621 | +22.5% |
| Other operating charges | 640/8 | €834 | €697 | -€136 | -16.4% |
| Non-recurring operating charges | 66A | €1,318 | - | -€1,318 | |
| Gross operating margin | 9900 | €9,217 | -€5,442 | -€14,659 | |
| Operating profit (loss) | 9901 | -€5,490 | -€11,342 | -€5,853 | -106.6% |
| Financial income | 75/76B | €12 | €0 | -€12 | -99.8% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -99.8% |
| Financial charges | 65/66B | €809 | €826 | +€17 | +2.1% |
| Recurring financial charges | 65 | €809 | €826 | +€17 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,286 | -€12,168 | -€5,882 | -93.6% |
| Profit (loss) for the period | 9904 | -€6,286 | -€12,168 | -€5,882 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,286 | -€12,168 | -€5,882 | -93.6% |
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 9 October 2026 via checked.be.