Manus Auri: 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.
Manus Auri
Largest movements
- Tangible fixed assets +€445,120
up €445,120 (+62.8%), from €708,666 to €1.2m
of which Land and buildings: +€483,992
- Receivables within one year -€31,677
down €31,677 (-50.8%), from €62,363 to €30,686
of which Trade receivables: -€33,465
- Receivables after one year -€29,936
down €29,936 (-7.9%), from €377,612 to €347,676
- Debts after one year +€349,922
up €349,922 (+78.4%), from €446,501 to €796,424
- Other debts +€56,315
up €56,315 (+91.5%), from €61,551 to €117,865
- Tax, wage and social debts -€54,739
down €54,739 (-44.4%), from €123,249 to €68,510
of which Taxes: -€54,122
- Short-term financial debts +€42,279
up €42,279 (+929%), from €4,549 to €46,829
- Gross operating margin -€30,787
down €30,787 (-14.2%), from €216,231 to €185,443
- Taxes -€28,871
down €28,871 (-59.7%), from €48,324 to €19,453
- Financial charges +€20,661
up €20,661 (+203%), from €10,186 to €30,848
- Other operating charges +€4,462
up €4,462 (+123%), from €3,623 to €8,085
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 | €1,153,641 | €1,537,775 | +€384,134 | +33.3% |
| Fixed assets | 21/28 | €713,666 | €1,158,786 | +€445,120 | +62.4% |
| Tangible fixed assets | 22/27 | €708,666 | €1,153,786 | +€445,120 | +62.8% |
| Land and buildings | 22 | €318,200 | €802,192 | +€483,992 | +152% |
| Plant, machinery and equipment | 23 | €125,311 | €104,629 | -€20,683 | -16.5% |
| Furniture and vehicles | 24 | €237,132 | €220,462 | -€16,671 | -7.0% |
| Other tangible fixed assets | 26 | €28,023 | €26,504 | -€1,519 | -5.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €439,975 | €378,989 | -€60,986 | -13.9% |
| Amounts receivable after more than one year | 29 | €377,612 | €347,676 | -€29,936 | -7.9% |
| Other amounts receivable | 291 | €377,612 | €347,676 | -€29,936 | -7.9% |
| Amounts receivable within one year | 40/41 | €62,363 | €30,686 | -€31,677 | -50.8% |
| Trade receivables | 40 | €33,465 | - | -€33,465 | |
| Other amounts receivable | 41 | €28,898 | €30,686 | +€1,788 | +6.2% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | - | €627 | +€627 | |
| Total equity and liabilities | 10/49 | €1,153,641 | €1,537,775 | +€384,134 | +33.3% |
| Equity | 10/15 | €462,885 | €448,849 | -€14,035 | -3.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €450,485 | €436,449 | -€14,035 | -3.1% |
| Distributable reserves | 133 | €450,485 | €436,449 | -€14,035 | -3.1% |
| Amounts payable | 17/49 | €690,756 | €1,088,925 | +€398,169 | +57.6% |
| Amounts payable after more than one year | 17 | €446,501 | €796,424 | +€349,922 | +78.4% |
| Financial debts | 170/4 | €446,501 | €796,424 | +€349,922 | +78.4% |
| Amounts payable within one year | 42/48 | €244,255 | €292,502 | +€48,247 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €24,185 | €24,892 | +€707 | +2.9% |
| Financial debts | 43 | €4,549 | €46,829 | +€42,279 | +929% |
| Credit institutions | 430/8 | €4,549 | €46,829 | +€42,279 | +929% |
| Trade debts | 44 | €30,720 | €34,405 | +€3,685 | +12.0% |
| Suppliers | 440/4 | €30,720 | €34,405 | +€3,685 | +12.0% |
| Taxes, remuneration and social security | 45 | €123,249 | €68,510 | -€54,739 | -44.4% |
| Taxes | 450/3 | €121,899 | €67,777 | -€54,122 | -44.4% |
| Remuneration and social security | 454/9 | €1,350 | €732 | -€617 | -45.7% |
| Other amounts payable | 47/48 | €61,551 | €117,865 | +€56,315 | +91.5% |
| Remuneration, social security and pensions | 62 | €7,905 | €8,343 | +€438 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,235 | €88,526 | -€1,709 | -1.9% |
| Other operating charges | 640/8 | €3,623 | €8,085 | +€4,462 | +123% |
| Gross operating margin | 9900 | €216,231 | €185,443 | -€30,787 | -14.2% |
| Operating profit (loss) | 9901 | €114,468 | €80,489 | -€33,978 | -29.7% |
| Financial income | 75/76B | €14,657 | €13,660 | -€997 | -6.8% |
| Recurring financial income | 75 | €14,657 | €13,660 | -€997 | -6.8% |
| Financial charges | 65/66B | €10,186 | €30,848 | +€20,661 | +203% |
| Recurring financial charges | 65 | €10,186 | €30,848 | +€20,661 | +203% |
| Profit (loss) for the period before taxes | 9903 | €118,938 | €63,301 | -€55,637 | -46.8% |
| Income taxes | 67/77 | €48,324 | €19,453 | -€28,871 | -59.7% |
| Profit (loss) for the period | 9904 | €70,613 | €43,848 | -€26,765 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,613 | €43,848 | -€26,765 | -37.9% |
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 13 October 2026 via checked.be.