MANUS CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year +€13,578
up €13,578 (+120%), from €11,332 to €24,910
of which Trade receivables: +€13,367
- Tangible fixed assets -€1,534
no longer reported in 2025 (was €1,534)
- Deferred charges and accrued income +€489
up €489 (+121%), from €404 to €893
- Profit (loss) carried forward +€21,779
up €21,779, from -€21,318 to €460
- Other debts -€5,573
down €5,573 (-82.6%), from €6,749 to €1,176
- Debts after one year -€3,653
down €3,653 (-91.9%), from €3,975 to €322
- Tax, wage and social debts +€2,448
up €2,448 (+620%), from €395 to €2,843
of which Taxes: +€1,450
- Trade debts -€1,897
down €1,897 (-55.1%), from €3,444 to €1,548
- Gross operating margin +€42,613
up €42,613, from -€14,559 to €28,054
- Depreciation -€1,966
down €1,966 (-56.2%), from €3,500 to €1,534
- Taxes +€1,464
up €1,464 (+768%), from €191 to €1,655
- Staff costs +€1,437
new in 2025: €1,437
- Other operating charges -€560
down €560 (-90.0%), from €622 to €62
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,870 | €26,478 | +€12,607 | +90.9% |
| Fixed assets | 21/28 | €2,134 | €675 | -€1,459 | -68.4% |
| Tangible fixed assets | 22/27 | €1,534 | - | -€1,534 | |
| Furniture and vehicles | 24 | €1,534 | - | -€1,534 | |
| Financial fixed assets | 28 | €600 | €675 | +€75 | +12.5% |
| Current assets | 29/58 | €11,736 | €25,803 | +€14,067 | +120% |
| Amounts receivable within one year | 40/41 | €11,332 | €24,910 | +€13,578 | +120% |
| Trade receivables | 40 | €9,844 | €23,210 | +€13,367 | +136% |
| Other amounts receivable | 41 | €1,488 | €1,700 | +€212 | +14.2% |
| Deferred charges and accrued income | 490/1 | €404 | €893 | +€489 | +121% |
| Total equity and liabilities | 10/49 | €13,870 | €26,478 | +€12,607 | +90.9% |
| Equity | 10/15 | -€8,393 | €13,385 | +€21,779 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,925 | €9,925 | = | 0.0% |
| Distributable reserves | 133 | €9,925 | €9,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,318 | €460 | +€21,779 | |
| Amounts payable | 17/49 | €22,264 | €13,092 | -€9,171 | -41.2% |
| Amounts payable after more than one year | 17 | €3,975 | €322 | -€3,653 | -91.9% |
| Financial debts | 170/4 | €3,975 | €322 | -€3,653 | -91.9% |
| Amounts payable within one year | 42/48 | €18,288 | €12,771 | -€5,518 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €3,293 | €3,653 | +€361 | +10.9% |
| Financial debts | 43 | €4,408 | €3,551 | -€857 | -19.4% |
| Credit institutions | 430/8 | €4,408 | €3,551 | -€857 | -19.4% |
| Trade debts | 44 | €3,444 | €1,548 | -€1,897 | -55.1% |
| Suppliers | 440/4 | €3,444 | €1,548 | -€1,897 | -55.1% |
| Taxes, remuneration and social security | 45 | €395 | €2,843 | +€2,448 | +620% |
| Taxes | 450/3 | €395 | €1,845 | +€1,450 | +367% |
| Remuneration and social security | 454/9 | - | €998 | +€998 | |
| Other amounts payable | 47/48 | €6,749 | €1,176 | -€5,573 | -82.6% |
| Non-recurring operating income | 76A | - | €915 | +€915 | |
| Remuneration, social security and pensions | 62 | - | €1,437 | +€1,437 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €1,534 | -€1,966 | -56.2% |
| Other operating charges | 640/8 | €622 | €62 | -€560 | -90.0% |
| Gross operating margin | 9900 | -€14,559 | €28,054 | +€42,613 | |
| Operating profit (loss) | 9901 | -€18,680 | €25,020 | +€43,701 | |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €2,146 | €1,594 | -€552 | -25.7% |
| Recurring financial charges | 65 | €2,146 | €1,594 | -€552 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,826 | €23,433 | +€44,259 | |
| Income taxes | 67/77 | €191 | €1,655 | +€1,464 | +768% |
| Profit (loss) for the period | 9904 | -€21,017 | €21,779 | +€42,795 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,017 | €21,779 | +€42,795 |
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.