MANUS: 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.
What changed
MANUS
NACE 47.241, Retail sale of bread and pastry (bakery outlets)
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€161,378
2023 · €307,639-€146,261
Equity
€1.7m
2023 · €1.5m+€161,378
Cash
€174,548
2023 · €316,490-€141,942
Balance sheet total
€11.2m
2023 · €8.6m+€2.6m
Largest movements
Assets
- Tangible fixed assets +€2.6m
up €2.6m (+33.0%), from €7.9m to €10.5m
of which Land and buildings: +€2.4m
- Cash -€141,942
down €141,942 (-44.8%), from €316,490 to €174,548
mainly Investment in fixed assets (net) (-€3.5m) and Stocks and contracts (-€138,533)
- Stocks and contracts +€138,533
up €138,533 (+150.5%), from €92,055 to €230,588
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+23.4%), from €5.3m to €6.5m
of which Financial debts: +€1.2m
- Current portion of long-term debt +€312,839
up €312,839 (+56.1%), from €557,221 to €870,059
- Short-term financial debts +€288,363
up €288,363 (+303.5%), from €95,000 to €383,363
- Trade debts +€263,394
up €263,394 (+36.7%), from €717,790 to €981,184
- Other debts +€197,869
up €197,869 (+304.4%), from €65,000 to €262,869
Income statement
- Turnover +€8.0m
new in 2024: €8.0m
- Gross operating margin -€3.9m
no longer reported in 2024 (was €3.9m)
- Services and other goods +€2.3m
new in 2024: €2.3m
- Goods and materials +€1.6m
new in 2024: €1.6m
of which Purchases: +€1.8m
- Depreciation +€316,741
up €316,741 (+58.5%), from €541,514 to €858,255
From the 2023 result to the 2024 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.
Result 2023
€307,639
Turnover
+€8.0m
Other operating income
+€204,937
Goods and materials
-€1.6m
Services and other goods
-€2.3m
Staff costs
-€235,084
Depreciation
-€316,741
Other operating charges
-€24,784
Other operating items
-€3.9m
Financial income
-€11,793
Financial charges
-€41,824
Taxes
+€44,144
Result 2024
€161,378
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.5m
Investment
-€3.5m
Financing
+€1.8m
Cash 2023
€316,490
From operations (derived)
+€1.5m
Net result for the year
+€161,378
Depreciation
+€858,255
Stocks and contracts
-€138,533
Receivables within one year
+€7,344
Deferred charges and accrued income
-€45,338
Trade debts
+€263,394
Tax, wage and social debts
+€48,589
Advances received
+€10,096
Other debts
+€197,869
Accrued charges and deferred income
+€121,724
Investment (derived)
-€3.5m
Investment in fixed assets (net)
-€3.5m
Financing
+€1.8m
Debts after one year
+€1.2m
Current portion of long-term debt
+€312,839
Short-term financial debts
+€288,363
Cash 2024
€174,548
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,583,028 | €11,224,039 | +€2.6m | +30.8% |
| Fixed assets | 21/28 | €7,905,088 | €10,511,514 | +€2.6m | +33.0% |
| Tangible fixed assets | 22/27 | €7,900,077 | €10,508,343 | +€2.6m | +33.0% |
| Land and buildings | 22 | €6,226,589 | €8,667,538 | +€2.4m | +39.2% |
| Plant, machinery and equipment | 23 | €1,480,504 | €1,672,182 | +€191,678 | +12.9% |
| Furniture and vehicles | 24 | €192,984 | €168,623 | -€24,361 | -12.6% |
| Financial fixed assets | 28 | €5,011 | €3,171 | -€1,840 | -36.7% |
| Other financial fixed assets | 284/8 | - | €3,171 | +€3,171 | |
| Amounts receivable and cash guarantees | 285/8 | - | €3,171 | +€3,171 | |
| Current assets | 29/58 | €677,941 | €712,525 | +€34,585 | +5.1% |
| Stocks and contracts in progress | 3 | €92,055 | €230,588 | +€138,533 | +150.5% |
| Stocks | 30/36 | €92,055 | €230,588 | +€138,533 | +150.5% |
| Raw materials and consumables | 30/31 | - | €230,588 | +€230,588 | |
| Amounts receivable within one year | 40/41 | €268,668 | €261,325 | -€7,344 | -2.7% |
| Trade receivables | 40 | €193,957 | €180,237 | -€13,721 | -7.1% |
| Other amounts receivable | 41 | €74,711 | €81,088 | +€6,377 | +8.5% |
| Cash at bank and in hand | 54/58 | €316,490 | €174,548 | -€141,942 | -44.8% |
| Deferred charges and accrued income | 490/1 | €727 | €46,065 | +€45,338 | +6232.4% |
| Total equity and liabilities | 10/49 | €8,583,028 | €11,224,039 | +€2.6m | +30.8% |
| Equity | 10/15 | €1,525,395 | €1,686,773 | +€161,378 | +10.6% |
| Contributions | 10/11 | €8,889 | €8,889 | = | 0.0% |
| Reserves | 13 | €1,516,505 | €1,677,884 | +€161,378 | +10.6% |
| Distributable reserves | 133 | €1,516,505 | €1,677,884 | +€161,378 | +10.6% |
| Amounts payable | 17/49 | €7,057,634 | €9,537,266 | +€2.5m | +35.1% |
| Amounts payable after more than one year | 17 | €5,296,250 | €6,533,008 | +€1.2m | +23.4% |
| Financial debts | 170/4 | €5,296,250 | €6,529,708 | +€1.2m | +23.3% |
| Credit institutions | 173 | - | €6,529,708 | +€6.5m | |
| Other amounts payable | 178/9 | - | €3,300 | +€3,300 | |
| Amounts payable within one year | 42/48 | €1,737,245 | €2,858,396 | +€1.1m | +64.5% |
| Current portion of amounts payable after more than one year | 42 | €557,221 | €870,059 | +€312,839 | +56.1% |
| Financial debts | 43 | €95,000 | €383,363 | +€288,363 | +303.5% |
| Credit institutions | 430/8 | €95,000 | €383,363 | +€288,363 | +303.5% |
| Trade debts | 44 | €717,790 | €981,184 | +€263,394 | +36.7% |
| Suppliers | 440/4 | €717,790 | €981,184 | +€263,394 | +36.7% |
| Advances received on contracts in progress | 46 | €2,308 | €12,404 | +€10,096 | +437.5% |
| Taxes, remuneration and social security | 45 | €299,927 | €348,516 | +€48,589 | +16.2% |
| Taxes | 450/3 | €8,745 | €15,883 | +€7,138 | +81.6% |
| Remuneration and social security | 454/9 | €291,182 | €332,633 | +€41,451 | +14.2% |
| Other amounts payable | 47/48 | €65,000 | €262,869 | +€197,869 | +304.4% |
| Accrued charges and deferred income | 492/3 | €24,138 | €145,862 | +€121,724 | +504.3% |
| Operating income | 70/76A | - | €8,214,241 | +€8.2m | |
| Turnover | 70 | - | €8,009,303 | +€8.0m | |
| Other operating income | 74 | - | €204,937 | +€204,937 | |
| Non-recurring operating income | 76A | €11,422 | - | -€11,422 | |
| Operating charges | 60/66A | - | €7,734,379 | +€7.7m | |
| Goods for resale, raw materials and consumables | 60 | - | €1,627,142 | +€1.6m | |
| Purchases | 600/8 | - | €1,756,839 | +€1.8m | |
| Change in stocks: decrease (increase) | 609 | - | -€129,697 | -€129,697 | |
| Services and other goods | 61 | - | €2,293,842 | +€2.3m | |
| Remuneration, social security and pensions | 62 | €2,663,052 | €2,898,136 | +€235,084 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €541,514 | €858,255 | +€316,741 | +58.5% |
| Other operating charges | 640/8 | €32,220 | €57,004 | +€24,784 | +76.9% |
| Non-recurring operating charges | 66A | €3,043 | - | -€3,043 | |
| Gross operating margin | 9900 | €3,856,479 | - | -€3.9m | |
| Operating profit (loss) | 9901 | €616,650 | €479,862 | -€136,788 | -22.2% |
| Financial income | 75/76B | €12,479 | €686 | -€11,793 | -94.5% |
| Recurring financial income | 75 | €12,479 | €686 | -€11,793 | -94.5% |
| Other financial income | 752/9 | - | €686 | +€686 | |
| Financial charges | 65/66B | €199,569 | €241,392 | +€41,824 | +21.0% |
| Recurring financial charges | 65 | €199,569 | €241,392 | +€41,824 | +21.0% |
| Debt charges | 650 | - | €210,468 | +€210,468 | |
| Other financial charges | 652/9 | - | €30,924 | +€30,924 | |
| Profit (loss) for the period before taxes | 9903 | €429,560 | €239,156 | -€190,405 | -44.3% |
| Income taxes | 67/77 | €121,921 | €77,777 | -€44,144 | -36.2% |
| Taxes | 670/3 | - | €77,777 | +€77,777 | |
| Profit (loss) for the period | 9904 | €307,639 | €161,378 | -€146,261 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €307,639 | €161,378 | -€146,261 | -47.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.