MM Maniër: 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.
MM Maniër
Largest movements
- Stocks and contracts +€33,286
up €33,286 (+289%), from €11,500 to €44,786
- Cash -€24,219
down €24,219 (-80.3%), from €30,155 to €5,935
mainly Stocks and contracts (-€33,286) and Investment in fixed assets (net) (-€20,188)
- Tangible fixed assets +€16,341
up €16,341 (+989%), from €1,653 to €17,994
of which Furniture and vehicles: +€16,727
- Receivables within one year -€16,043
down €16,043 (-88.0%), from €18,223 to €2,180
of which Trade receivables: -€16,888
- Trade debts +€32,208
up €32,208 (+2,691%), from €1,197 to €33,405
- Debts after one year -€20,115
no longer reported in 2025 (was €20,115)
- Profit (loss) carried forward -€4,881
new in 2025: -€4,881
- Other debts +€1,966
new in 2025: €1,966
- Gross operating margin -€4,786
down €4,786 (-64.1%), from €7,469 to €2,683
- Depreciation +€3,237
up €3,237 (+531%), from €609 to €3,847
- Taxes -€1,918
down €1,918 (-93.8%), from €2,045 to €127
- Staff costs -€1,615
down €1,615 (-67.1%), from €2,406 to €790
- Financial charges +€597
up €597 (+68.7%), from €869 to €1,466
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,530 | €70,895 | +€9,364 | +15.2% |
| Fixed assets | 21/28 | €1,653 | €17,994 | +€16,341 | +989% |
| Tangible fixed assets | 22/27 | €1,653 | €17,994 | +€16,341 | +989% |
| Plant, machinery and equipment | 23 | €386 | - | -€386 | |
| Furniture and vehicles | 24 | €1,267 | €17,994 | +€16,727 | +1,320% |
| Current assets | 29/58 | €59,878 | €52,901 | -€6,977 | -11.7% |
| Stocks and contracts in progress | 3 | €11,500 | €44,786 | +€33,286 | +289% |
| Stocks | 30/36 | €11,500 | €44,786 | +€33,286 | +289% |
| Amounts receivable within one year | 40/41 | €18,223 | €2,180 | -€16,043 | -88.0% |
| Trade receivables | 40 | €18,223 | €1,336 | -€16,888 | -92.7% |
| Other amounts receivable | 41 | - | €845 | +€845 | |
| Cash at bank and in hand | 54/58 | €30,155 | €5,935 | -€24,219 | -80.3% |
| Total equity and liabilities | 10/49 | €61,530 | €70,895 | +€9,364 | +15.2% |
| Equity | 10/15 | €33,673 | €28,792 | -€4,881 | -14.5% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €25,473 | €25,473 | = | 0.0% |
| Distributable reserves | 133 | €25,473 | €25,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,881 | -€4,881 | |
| Amounts payable | 17/49 | €27,858 | €42,103 | +€14,245 | +51.1% |
| Amounts payable after more than one year | 17 | €20,115 | - | -€20,115 | |
| Other amounts payable | 178/9 | €20,115 | - | -€20,115 | |
| Amounts payable within one year | 42/48 | €7,743 | €42,103 | +€34,360 | +444% |
| Trade debts | 44 | €1,197 | €33,405 | +€32,208 | +2,691% |
| Suppliers | 440/4 | €1,197 | €33,405 | +€32,208 | +2,691% |
| Taxes, remuneration and social security | 45 | €6,546 | €6,732 | +€186 | +2.8% |
| Taxes | 450/3 | €6,546 | €6,732 | +€186 | +2.8% |
| Other amounts payable | 47/48 | - | €1,966 | +€1,966 | |
| Remuneration, social security and pensions | 62 | €2,406 | €790 | -€1,615 | -67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609 | €3,847 | +€3,237 | +531% |
| Other operating charges | 640/8 | €907 | €1,347 | +€441 | +48.6% |
| Gross operating margin | 9900 | €7,469 | €2,683 | -€4,786 | -64.1% |
| Operating profit (loss) | 9901 | €3,547 | -€3,302 | -€6,849 | |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €869 | €1,466 | +€597 | +68.7% |
| Recurring financial charges | 65 | €869 | €1,466 | +€597 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | €2,678 | -€4,754 | -€7,432 | |
| Income taxes | 67/77 | €2,045 | €127 | -€1,918 | -93.8% |
| Profit (loss) for the period | 9904 | €634 | -€4,881 | -€5,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €634 | -€4,881 | -€5,514 |
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 23 October 2026 via checked.be.