PV MANIMMO: 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.
PV MANIMMO
Largest movements
- Tangible fixed assets -€649,021
down €649,021 (-71.1%), from €913,408 to €264,387
of which Land and buildings: -€639,788
- Stocks and contracts -€37,446
down €37,446 (-100%), from €37,446 to €0
- Receivables within one year +€12,636
up €12,636 (+116%), from €10,902 to €23,538
of which Other amounts receivable: +€10,119
- Profit (loss) carried forward -€312,037
new in 2025: -€312,037
- Current portion of long-term debt -€231,842
down €231,842 (-87.0%), from €266,545 to €34,703
- Reserves -€165,537
down €165,537 (-31.7%), from €522,409 to €356,873
- Trade debts +€29,954
up €29,954 (+3,851%), from €778 to €30,731
- Depreciation +€547,237
up €547,237 (+1,178%), from €46,470 to €593,706
- Gross operating margin +€61,374
up €61,374 (+95.4%), from €64,361 to €125,735
- Other operating charges -€11,231
down €11,231 (-84.5%), from €13,294 to €2,064
- Financial charges +€8,971
up €8,971 (+116%), from €7,705 to €16,675
- Financial income +€3,308
up €3,308 (+60.4%), from €5,477 to €8,785
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 | €1,195,168 | €507,737 | -€687,431 | -57.5% |
| Fixed assets | 21/28 | €913,408 | €264,387 | -€649,021 | -71.1% |
| Tangible fixed assets | 22/27 | €913,408 | €264,387 | -€649,021 | -71.1% |
| Land and buildings | 22 | €883,956 | €244,168 | -€639,788 | -72.4% |
| Plant, machinery and equipment | 23 | €2,873 | €2,144 | -€729 | -25.4% |
| Furniture and vehicles | 24 | €26,579 | €18,075 | -€8,504 | -32.0% |
| Current assets | 29/58 | €281,760 | €243,350 | -€38,410 | -13.6% |
| Amounts receivable after more than one year | 29 | €210,000 | €210,000 | = | 0.0% |
| Other amounts receivable | 291 | €210,000 | €210,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €37,446 | €0 | -€37,446 | -100% |
| Stocks | 30/36 | €37,446 | €0 | -€37,446 | -100% |
| Amounts receivable within one year | 40/41 | €10,902 | €23,538 | +€12,636 | +116% |
| Trade receivables | 40 | €10,862 | €13,379 | +€2,518 | +23.2% |
| Other amounts receivable | 41 | €40 | €10,159 | +€10,119 | +25,297% |
| Current investments | 50/53 | €10,595 | €0 | -€10,595 | -100% |
| Cash at bank and in hand | 54/58 | €6,890 | €3,867 | -€3,023 | -43.9% |
| Deferred charges and accrued income | 490/1 | €5,928 | €5,946 | +€18 | +0.3% |
| Total equity and liabilities | 10/49 | €1,195,168 | €507,737 | -€687,431 | -57.5% |
| Equity | 10/15 | €892,409 | €414,836 | -€477,573 | -53.5% |
| Contributions | 10/11 | €370,000 | €370,000 | = | 0.0% |
| Reserves | 13 | €522,409 | €356,873 | -€165,537 | -31.7% |
| Distributable reserves | 133 | €522,409 | €356,873 | -€165,537 | -31.7% |
| Profit (loss) carried forward | 14 | - | -€312,037 | -€312,037 | |
| Amounts payable | 17/49 | €302,759 | €92,901 | -€209,858 | -69.3% |
| Amounts payable after more than one year | 17 | €6,915 | €0 | -€6,915 | -100% |
| Financial debts | 170/4 | €6,915 | €0 | -€6,915 | -100% |
| Amounts payable within one year | 42/48 | €295,843 | €92,901 | -€202,942 | -68.6% |
| Current portion of amounts payable after more than one year | 42 | €266,545 | €34,703 | -€231,842 | -87.0% |
| Trade debts | 44 | €778 | €30,731 | +€29,954 | +3,851% |
| Suppliers | 440/4 | €778 | €30,731 | +€29,954 | +3,851% |
| Taxes, remuneration and social security | 45 | €3,788 | €3,524 | -€264 | -7.0% |
| Taxes | 450/3 | €3,788 | €3,524 | -€264 | -7.0% |
| Other amounts payable | 47/48 | €24,733 | €23,943 | -€790 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,470 | €593,706 | +€547,237 | +1,178% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€314 | -€352 | -€38 | -12.0% |
| Other operating charges | 640/8 | €13,294 | €2,064 | -€11,231 | -84.5% |
| Gross operating margin | 9900 | €64,361 | €125,735 | +€61,374 | +95.4% |
| Operating profit (loss) | 9901 | €4,912 | -€469,683 | -€474,595 | |
| Financial income | 75/76B | €5,477 | €8,785 | +€3,308 | +60.4% |
| Recurring financial income | 75 | €5,477 | €8,785 | +€3,308 | +60.4% |
| Financial charges | 65/66B | €7,705 | €16,675 | +€8,971 | +116% |
| Recurring financial charges | 65 | €7,705 | €16,675 | +€8,971 | +116% |
| Profit (loss) for the period before taxes | 9903 | €2,684 | -€477,573 | -€480,257 | |
| Income taxes | 67/77 | €375 | €0 | -€375 | -100% |
| Profit (loss) for the period | 9904 | €2,308 | -€477,573 | -€479,882 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,308 | -€477,573 | -€479,882 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.