Manvet: what changed
Two fiscal 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.
Manvet
Largest movements
- Tangible fixed assets -€10,008
down €10,008 (-29.4%), from €34,060 to €24,052
of which Leasing and similar rights: -€9,793
- Receivables within one year -€8,331
down €8,331 (-93.7%), from €8,894 to €563
of which Other amounts receivable: -€4,320
- Cash -€7,902
down €7,902 (-22.2%), from €35,652 to €27,750
mainly Net result for the year (-€16,283) and Debts after one year (-€10,103)
- Deferred charges and accrued income -€1,179
down €1,179 (-70.7%), from €1,669 to €490
- Profit (loss) carried forward -€16,283
down €16,283 (-41.3%), from €39,468 to €23,186
- Debts after one year -€10,103
down €10,103 (-71.6%), from €14,102 to €3,999
- Other debts -€2,206
down €2,206 (-16.4%), from €13,419 to €11,213
- Gross operating margin -€37,200
down €37,200, from €35,017 to -€2,183
- Taxes -€4,113
down €4,113 (-72.4%), from €5,678 to €1,565
- Other operating charges -€1,632
down €1,632 (-45.3%), from €3,601 to €1,969
- Financial charges -€867
down €867 (-60.8%), from €1,424 to €558
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.
Cash bridge derived
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 | €80,275 | €52,855 | -€27,419 | -34.2% |
| Fixed assets | 21/28 | €34,060 | €24,052 | -€10,008 | -29.4% |
| Tangible fixed assets | 22/27 | €34,060 | €24,052 | -€10,008 | -29.4% |
| Furniture and vehicles | 24 | €979 | €764 | -€215 | -21.9% |
| Leasing and similar rights | 25 | €33,081 | €23,288 | -€9,793 | -29.6% |
| Current assets | 29/58 | €46,215 | €28,803 | -€17,412 | -37.7% |
| Amounts receivable within one year | 40/41 | €8,894 | €563 | -€8,331 | -93.7% |
| Trade receivables | 40 | €4,168 | €158 | -€4,010 | -96.2% |
| Other amounts receivable | 41 | €4,725 | €405 | -€4,320 | -91.4% |
| Cash at bank and in hand | 54/58 | €35,652 | €27,750 | -€7,902 | -22.2% |
| Deferred charges and accrued income | 490/1 | €1,669 | €490 | -€1,179 | -70.7% |
| Total equity and liabilities | 10/49 | €80,275 | €52,855 | -€27,419 | -34.2% |
| Equity | 10/15 | €41,968 | €25,686 | -€16,283 | -38.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,468 | €23,186 | -€16,283 | -41.3% |
| Amounts payable | 17/49 | €38,306 | €27,170 | -€11,137 | -29.1% |
| Amounts payable after more than one year | 17 | €14,102 | €3,999 | -€10,103 | -71.6% |
| Financial debts | 170/4 | €14,102 | €3,999 | -€10,103 | -71.6% |
| Amounts payable within one year | 42/48 | €24,205 | €23,171 | -€1,034 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €9,964 | €10,103 | +€139 | +1.4% |
| Trade debts | 44 | €0 | €290 | +€290 | |
| Suppliers | 440/4 | €0 | €290 | +€290 | |
| Taxes, remuneration and social security | 45 | €821 | €1,565 | +€744 | +90.5% |
| Taxes | 450/3 | €821 | €1,565 | +€744 | +90.5% |
| Other amounts payable | 47/48 | €13,419 | €11,213 | -€2,206 | -16.4% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,888 | €10,008 | +€120 | +1.2% |
| Other operating charges | 640/8 | €3,601 | €1,969 | -€1,632 | -45.3% |
| Gross operating margin | 9900 | €35,017 | -€2,183 | -€37,200 | |
| Operating profit (loss) | 9901 | €21,528 | -€14,160 | -€35,687 | |
| Financial charges | 65/66B | €1,424 | €558 | -€867 | -60.8% |
| Recurring financial charges | 65 | €1,424 | €558 | -€867 | -60.8% |
| Profit (loss) for the period before taxes | 9903 | €20,103 | -€14,717 | -€34,821 | |
| Income taxes | 67/77 | €5,678 | €1,565 | -€4,113 | -72.4% |
| Profit (loss) for the period | 9904 | €14,425 | -€16,283 | -€30,708 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,425 | -€16,283 | -€30,708 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.