MANVIR: 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.
MANVIR
Largest movements
- Tangible fixed assets +€27,034
new in 2025: €27,034
- Cash +€23,398
up €23,398 (+322.6%), from €7,254 to €30,652
mainly Debts after one year (+€19,600) and Net result for the year (+€14,009)
- Stocks and contracts -€11,223
down €11,223 (-32.8%), from €34,207 to €22,985
- Receivables within one year +€10,078
up €10,078 (+518.5%), from €1,943 to €12,021
of which Trade receivables: +€9,684
- Financial fixed assets +€2,499
up €2,499 (+58.7%), from €4,260 to €6,759
- Debts after one year +€19,600
new in 2025: €19,600
- Profit (loss) carried forward +€14,009
up €14,009 (+91.8%), from €15,264 to €29,273
- Contributions +€13,899
up €13,899 (+1262.4%), from €1,101 to €15,000
- Trade debts -€7,949
down €7,949 (-30.6%), from €25,940 to €17,991
- Tax, wage and social debts +€6,451
up €6,451 (+120.4%), from €5,360 to €11,811
- Purchases and services +€292,673
up €292,673 (+52.0%), from €563,226 to €855,899
- Turnover +€285,619
up €285,619 (+50.4%), from €567,255 to €852,874
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 | €47,665 | €99,451 | +€51,787 | +108.6% |
| Fixed assets | 21/28 | €4,260 | €33,793 | +€29,533 | +693.3% |
| Tangible fixed assets | 22/27 | - | €27,034 | +€27,034 | |
| Leasing and similar rights | 25 | - | €27,034 | +€27,034 | |
| Financial fixed assets | 28 | €4,260 | €6,759 | +€2,499 | +58.7% |
| Current assets | 29/58 | €43,405 | €65,658 | +€22,253 | +51.3% |
| Stocks and contracts in progress | 3 | €34,207 | €22,985 | -€11,223 | -32.8% |
| Stocks | 30/36 | €34,207 | €22,985 | -€11,223 | -32.8% |
| Amounts receivable within one year | 40/41 | €1,943 | €12,021 | +€10,078 | +518.5% |
| Trade receivables | 40 | - | €9,684 | +€9,684 | |
| Other amounts receivable | 41 | €1,943 | €2,337 | +€394 | +20.3% |
| Cash at bank and in hand | 54/58 | €7,254 | €30,652 | +€23,398 | +322.6% |
| Total equity and liabilities | 10/49 | €47,665 | €99,451 | +€51,787 | +108.6% |
| Equity | 10/15 | €16,365 | €44,273 | +€27,908 | +170.5% |
| Contributions | 10/11 | €1,101 | €15,000 | +€13,899 | +1262.4% |
| Profit (loss) carried forward | 14 | €15,264 | €29,273 | +€14,009 | +91.8% |
| Amounts payable | 17/49 | €31,300 | €55,178 | +€23,879 | +76.3% |
| Amounts payable after more than one year | 17 | - | €19,600 | +€19,600 | |
| Financial debts | 170/4 | - | €19,600 | +€19,600 | |
| Amounts payable within one year | 42/48 | €31,300 | €35,578 | +€4,279 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,464 | +€5,464 | |
| Trade debts | 44 | €25,940 | €17,991 | -€7,949 | -30.6% |
| Suppliers | 440/4 | €25,940 | €17,991 | -€7,949 | -30.6% |
| Taxes, remuneration and social security | 45 | €5,360 | €11,811 | +€6,451 | +120.4% |
| Taxes | 450/3 | €5,360 | €11,811 | +€6,451 | +120.4% |
| Other amounts payable | 47/48 | - | €313 | +€313 | |
| Turnover | 70 | €567,255 | €852,874 | +€285,619 | +50.4% |
| Non-recurring operating income | 76A | - | €3,182 | +€3,182 | |
| Goods, raw materials, services and sundry goods | 60/61 | €563,226 | €855,899 | +€292,673 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,253 | +€3,253 | |
| Other operating charges | 640/8 | €1,041 | €2,148 | +€1,107 | +106.4% |
| Gross operating margin | 9900 | €21,488 | €27,308 | +€5,819 | +27.1% |
| Operating profit (loss) | 9901 | €20,447 | €21,906 | +€1,459 | +7.1% |
| Financial income | 75/76B | €275 | €125 | -€150 | -54.5% |
| Recurring financial income | 75 | €275 | €125 | -€150 | -54.5% |
| Financial charges | 65/66B | €98 | €1,572 | +€1,474 | +1503.2% |
| Recurring financial charges | 65 | €98 | €1,572 | +€1,474 | +1503.2% |
| Profit (loss) for the period before taxes | 9903 | €20,624 | €20,460 | -€164 | -0.8% |
| Income taxes | 67/77 | €5,360 | €6,451 | +€1,091 | +20.4% |
| Profit (loss) for the period | 9904 | €15,264 | €14,009 | -€1,255 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,264 | €14,009 | -€1,255 | -8.2% |
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 5 October 2026 via checked.be.