MANUSERVICE: 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.
MANUSERVICE
Largest movements
- Tangible fixed assets +€507,209
up €507,209 (+49.9%), from €1.0m to €1.5m
of which Land and buildings: +€566,171
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash -€114,818
down €114,818 (-77.1%), from €148,949 to €34,131
mainly Investment in fixed assets (net) (-€681,840) and Tax, wage and social debts (-€51,377)
- Receivables within one year -€98,448
down €98,448 (-50.7%), from €194,125 to €95,677
of which Other amounts receivable: -€108,016
- Debts after one year +€83,514
up €83,514 (+10.8%), from €771,239 to €854,753
- Tax, wage and social debts -€51,377
down €51,377 (-94.9%), from €54,123 to €2,746
of which Taxes: -€48,294
- Other debts +€35,263
up €35,263 (+3,972%), from €888 to €36,150
- Depreciation +€83,095
up €83,095 (+90.8%), from €91,536 to €174,631
- Gross operating margin +€37,256
up €37,256 (+12.4%), from €300,024 to €337,280
- Taxes -€8,967
down €8,967 (-20.2%), from €44,439 to €35,473
- Staff costs +€8,365
up €8,365 (+17.9%), from €46,799 to €55,164
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 | €1,558,545 | €1,652,488 | +€93,943 | +6.0% |
| Fixed assets | 21/28 | €1,015,471 | €1,522,680 | +€507,209 | +49.9% |
| Tangible fixed assets | 22/27 | €1,015,471 | €1,522,680 | +€507,209 | +49.9% |
| Land and buildings | 22 | €787,916 | €1,354,087 | +€566,171 | +71.9% |
| Plant, machinery and equipment | 23 | €218,175 | €160,813 | -€57,362 | -26.3% |
| Other tangible fixed assets | 26 | €9,380 | €7,780 | -€1,600 | -17.1% |
| Current assets | 29/58 | €543,073 | €129,808 | -€413,265 | -76.1% |
| Amounts receivable within one year | 40/41 | €194,125 | €95,677 | -€98,448 | -50.7% |
| Trade receivables | 40 | €66,133 | €75,702 | +€9,569 | +14.5% |
| Other amounts receivable | 41 | €127,992 | €19,975 | -€108,016 | -84.4% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €148,949 | €34,131 | -€114,818 | -77.1% |
| Total equity and liabilities | 10/49 | €1,558,545 | €1,652,488 | +€93,943 | +6.0% |
| Equity | 10/15 | €626,970 | €636,994 | +€10,024 | +1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €453,860 | €458,860 | +€5,000 | +1.1% |
| Distributable reserves | 133 | €453,860 | €458,860 | +€5,000 | +1.1% |
| Profit (loss) carried forward | 14 | €166,910 | €171,934 | +€5,024 | +3.0% |
| Amounts payable | 17/49 | €931,575 | €1,015,494 | +€83,919 | +9.0% |
| Amounts payable after more than one year | 17 | €771,239 | €854,753 | +€83,514 | +10.8% |
| Financial debts | 170/4 | €771,239 | €854,753 | +€83,514 | +10.8% |
| Amounts payable within one year | 42/48 | €160,336 | €160,741 | +€405 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €103,807 | €116,486 | +€12,679 | +12.2% |
| Trade debts | 44 | €1,518 | €5,358 | +€3,840 | +253% |
| Suppliers | 440/4 | €1,518 | €5,358 | +€3,840 | +253% |
| Taxes, remuneration and social security | 45 | €54,123 | €2,746 | -€51,377 | -94.9% |
| Taxes | 450/3 | €50,044 | €1,750 | -€48,294 | -96.5% |
| Remuneration and social security | 454/9 | €4,078 | €996 | -€3,082 | -75.6% |
| Other amounts payable | 47/48 | €888 | €36,150 | +€35,263 | +3,972% |
| Remuneration, social security and pensions | 62 | €46,799 | €55,164 | +€8,365 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,536 | €174,631 | +€83,095 | +90.8% |
| Other operating charges | 640/8 | €11,277 | €10,552 | -€725 | -6.4% |
| Gross operating margin | 9900 | €300,024 | €337,280 | +€37,256 | +12.4% |
| Operating profit (loss) | 9901 | €150,413 | €96,933 | -€53,479 | -35.6% |
| Financial income | 75/76B | €3,161 | €3,078 | -€83 | -2.6% |
| Recurring financial income | 75 | €3,161 | €3,078 | -€83 | -2.6% |
| Financial charges | 65/66B | €21,662 | €19,514 | -€2,148 | -9.9% |
| Recurring financial charges | 65 | €21,662 | €19,514 | -€2,148 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €131,912 | €80,497 | -€51,415 | -39.0% |
| Income taxes | 67/77 | €44,439 | €35,473 | -€8,967 | -20.2% |
| Profit (loss) for the period | 9904 | €87,473 | €45,024 | -€42,448 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,473 | €45,024 | -€42,448 | -48.5% |
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 14 October 2026 via checked.be.