MANUTRADE CONSULT: 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.
MANUTRADE CONSULT
Largest movements
- Receivables within one year +€18,414
up €18,414 (+10.1%), from €182,438 to €200,852
of which Other amounts receivable: +€19,594
- Tangible fixed assets +€14,628
up €14,628 (+2,335%), from €627 to €15,255
of which Land and buildings: +€15,000
- Cash -€2,964
no longer reported in 2025 (was €2,964)
mainly Receivables within one year (-€18,414) and Investment in fixed assets (net) (-€15,000)
- Short-term financial debts +€17,524
new in 2025: €17,524
- Profit (loss) carried forward +€12,430
up €12,430 (+62.5%), from -€19,875 to -€7,444
- Gross operating margin +€20,760
up €20,760, from -€6,010 to €14,750
- Financial charges -€856
down €856 (-35.6%), from €2,404 to €1,549
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 | €187,161 | €216,107 | +€28,946 | +15.5% |
| Fixed assets | 21/28 | €627 | €15,255 | +€14,628 | +2,335% |
| Tangible fixed assets | 22/27 | €627 | €15,255 | +€14,628 | +2,335% |
| Land and buildings | 22 | - | €15,000 | +€15,000 | |
| Plant, machinery and equipment | 23 | €287 | - | -€287 | |
| Other tangible fixed assets | 26 | €340 | €255 | -€85 | -25.0% |
| Current assets | 29/58 | €186,535 | €200,852 | +€14,317 | +7.7% |
| Amounts receivable within one year | 40/41 | €182,438 | €200,852 | +€18,414 | +10.1% |
| Trade receivables | 40 | €1,180 | - | -€1,180 | |
| Other amounts receivable | 41 | €181,258 | €200,852 | +€19,594 | +10.8% |
| Cash at bank and in hand | 54/58 | €2,964 | - | -€2,964 | |
| Deferred charges and accrued income | 490/1 | €1,133 | - | -€1,133 | |
| Total equity and liabilities | 10/49 | €187,161 | €216,107 | +€28,946 | +15.5% |
| Equity | 10/15 | €182,966 | €195,396 | +€12,430 | +6.8% |
| Contributions | 10/11 | €81,973 | €81,973 | = | 0.0% |
| Capital | 10 | €81,973 | €81,973 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Uncalled capital | 101 | €41,973 | €41,973 | = | 0.0% |
| Reserves | 13 | €120,867 | €120,867 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €108,472 | €108,472 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,875 | -€7,444 | +€12,430 | +62.5% |
| Amounts payable | 17/49 | €4,195 | €20,711 | +€16,515 | +394% |
| Amounts payable within one year | 42/48 | €4,195 | €20,711 | +€16,515 | +394% |
| Financial debts | 43 | - | €17,524 | +€17,524 | |
| Credit institutions | 430/8 | - | €17,524 | +€17,524 | |
| Trade debts | 44 | €4,195 | €3,187 | -€1,008 | -24.0% |
| Suppliers | 440/4 | €4,195 | €3,187 | -€1,008 | -24.0% |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386 | €372 | -€15 | -3.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€6,010 | €14,750 | +€20,760 | |
| Operating profit (loss) | 9901 | -€6,783 | €13,979 | +€20,762 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €2,404 | €1,549 | -€856 | -35.6% |
| Recurring financial charges | 65 | €2,404 | €1,549 | -€856 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,178 | €12,430 | +€21,608 | |
| Profit (loss) for the period | 9904 | -€9,178 | €12,430 | +€21,608 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,178 | €12,430 | +€21,608 |
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 25 October 2026 via checked.be.