Manuplex: 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.
Manuplex
Largest movements
- Tangible fixed assets -€6,975
down €6,975 (-76.6%), from €9,107 to €2,132
- Receivables within one year -€4,134
down €4,134 (-90.2%), from €4,582 to €448
of which Trade receivables: -€2,589
- Cash -€484
down €484 (-35.5%), from €1,363 to €879
mainly Net result for the year (-€9,419) and Trade debts (-€1,319)
- Profit (loss) carried forward -€9,419
down €9,419 (-2.9%), from -€327,947 to -€337,366
- Trade debts -€1,319
no longer reported in 2025 (was €1,319)
- Other debts -€855
down €855 (-0.3%), from €294,563 to €293,708
- Gross operating margin +€5,768
up €5,768 (+77.7%), from -€7,426 to -€1,658
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 | €15,052 | €3,459 | -€11,593 | -77.0% |
| Fixed assets | 21/28 | €9,107 | €2,132 | -€6,975 | -76.6% |
| Tangible fixed assets | 22/27 | €9,107 | €2,132 | -€6,975 | -76.6% |
| Furniture and vehicles | 24 | €9,107 | €2,132 | -€6,975 | -76.6% |
| Current assets | 29/58 | €5,945 | €1,327 | -€4,618 | -77.7% |
| Amounts receivable within one year | 40/41 | €4,582 | €448 | -€4,134 | -90.2% |
| Trade receivables | 40 | €2,589 | - | -€2,589 | |
| Other amounts receivable | 41 | €1,992 | €448 | -€1,545 | -77.5% |
| Cash at bank and in hand | 54/58 | €1,363 | €879 | -€484 | -35.5% |
| Total equity and liabilities | 10/49 | €15,052 | €3,459 | -€11,593 | -77.0% |
| Equity | 10/15 | -€280,830 | -€290,250 | -€9,419 | -3.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €28,525 | €28,525 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €26,665 | €26,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327,947 | -€337,366 | -€9,419 | -2.9% |
| Amounts payable | 17/49 | €295,882 | €293,708 | -€2,174 | -0.7% |
| Amounts payable within one year | 42/48 | €295,882 | €293,708 | -€2,174 | -0.7% |
| Trade debts | 44 | €1,319 | - | -€1,319 | |
| Suppliers | 440/4 | €1,319 | - | -€1,319 | |
| Other amounts payable | 47/48 | €294,563 | €293,708 | -€855 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,975 | €6,975 | = | 0.0% |
| Other operating charges | 640/8 | €640 | €646 | +€6 | +0.9% |
| Non-recurring operating charges | 66A | €63 | €99 | +€36 | +57.6% |
| Gross operating margin | 9900 | -€7,426 | -€1,658 | +€5,768 | +77.7% |
| Operating profit (loss) | 9901 | -€15,104 | -€9,378 | +€5,726 | +37.9% |
| Financial charges | 65/66B | €46 | €41 | -€4 | -9.5% |
| Recurring financial charges | 65 | €46 | €41 | -€4 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,149 | -€9,419 | +€5,730 | +37.8% |
| Profit (loss) for the period | 9904 | -€15,149 | -€9,419 | +€5,730 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,149 | -€9,419 | +€5,730 | +37.8% |
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 28 September 2026 via checked.be.