MANYTHINK: 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.
MANYTHINK
Largest movements
- Cash -€100,345
down €100,345 (-13.4%), from €750,780 to €650,435
mainly Net result for the year (-€266,539) and Receivables within one year (-€37,373)
- Receivables within one year +€37,373
up €37,373 (+8.4%), from €445,751 to €483,125
of which Other amounts receivable: +€26,927
- Tangible fixed assets -€19,963
down €19,963 (-36.8%), from €54,232 to €34,269
- Profit (loss) carried forward -€266,539
down €266,539 (-83.1%), from €320,797 to €54,258
- Accrued charges and deferred income +€152,371
up €152,371 (+1,863%), from €8,180 to €160,551
- Trade debts +€31,663
up €31,663 (+129%), from €24,487 to €56,150
- Gross operating margin -€127,161
down €127,161 (-19.5%), from €651,471 to €524,310
- Staff costs +€24,397
up €24,397 (+3.3%), from €747,351 to €771,749
- Financial income +€7,884
up €7,884 (+63.0%), from €12,519 to €20,403
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 | €1,263,967 | €1,180,795 | -€83,172 | -6.6% |
| Fixed assets | 21/28 | €62,632 | €42,669 | -€19,963 | -31.9% |
| Tangible fixed assets | 22/27 | €54,232 | €34,269 | -€19,963 | -36.8% |
| Furniture and vehicles | 24 | €54,232 | €34,269 | -€19,963 | -36.8% |
| Financial fixed assets | 28 | €8,400 | €8,400 | = | 0.0% |
| Current assets | 29/58 | €1,201,335 | €1,138,126 | -€63,209 | -5.3% |
| Amounts receivable within one year | 40/41 | €445,751 | €483,125 | +€37,373 | +8.4% |
| Trade receivables | 40 | €391,265 | €401,711 | +€10,446 | +2.7% |
| Other amounts receivable | 41 | €54,487 | €81,414 | +€26,927 | +49.4% |
| Cash at bank and in hand | 54/58 | €750,780 | €650,435 | -€100,345 | -13.4% |
| Deferred charges and accrued income | 490/1 | €4,804 | €4,567 | -€238 | -4.9% |
| Total equity and liabilities | 10/49 | €1,263,967 | €1,180,795 | -€83,172 | -6.6% |
| Equity | 10/15 | €1,018,708 | €752,168 | -€266,539 | -26.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €635,910 | €635,910 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €710 | €710 | = | 0.0% |
| Distributable reserves | 133 | €629,000 | €629,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €320,797 | €54,258 | -€266,539 | -83.1% |
| Amounts payable | 17/49 | €245,260 | €428,627 | +€183,367 | +74.8% |
| Amounts payable after more than one year | 17 | €8,400 | €8,400 | = | 0.0% |
| Financial debts | 170/4 | €8,400 | €8,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €228,679 | €259,676 | +€30,996 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €23,714 | €19,273 | -€4,441 | -18.7% |
| Financial debts | 43 | €49,000 | €51,449 | +€2,449 | +5.0% |
| Credit institutions | 430/8 | €49,000 | €51,449 | +€2,449 | +5.0% |
| Trade debts | 44 | €24,487 | €56,150 | +€31,663 | +129% |
| Suppliers | 440/4 | €24,487 | €56,150 | +€31,663 | +129% |
| Taxes, remuneration and social security | 45 | €131,365 | €132,690 | +€1,325 | +1.0% |
| Taxes | 450/3 | €45,033 | €43,705 | -€1,329 | -3.0% |
| Remuneration and social security | 454/9 | €86,331 | €88,985 | +€2,654 | +3.1% |
| Other amounts payable | 47/48 | €114 | €114 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,180 | €160,551 | +€152,371 | +1,863% |
| Remuneration, social security and pensions | 62 | €747,351 | €771,749 | +€24,397 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,789 | €28,718 | -€2,070 | -6.7% |
| Other operating charges | 640/8 | €7,496 | €8,164 | +€668 | +8.9% |
| Gross operating margin | 9900 | €651,471 | €524,310 | -€127,161 | -19.5% |
| Operating profit (loss) | 9901 | -€134,166 | -€284,321 | -€150,156 | -112% |
| Financial income | 75/76B | €12,519 | €20,403 | +€7,884 | +63.0% |
| Recurring financial income | 75 | €12,519 | €20,403 | +€7,884 | +63.0% |
| Financial charges | 65/66B | €1,439 | €1,621 | +€182 | +12.7% |
| Recurring financial charges | 65 | €1,439 | €1,621 | +€182 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | -€123,085 | -€265,539 | -€142,454 | -116% |
| Income taxes | 67/77 | €5,691 | €1,000 | -€4,691 | -82.4% |
| Profit (loss) for the period | 9904 | -€128,777 | -€266,539 | -€137,762 | -107% |
| Profit (loss) for the period to be appropriated | 9905 | -€128,777 | -€266,539 | -€137,762 | -107% |
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 17 October 2026 via checked.be.