RE-Manu: 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.
RE-Manu
Largest movements
- Cash +€63,639
up €63,639 (+264%), from €24,104 to €87,743
mainly Net result for the year (+€34,241) and Depreciation (+€11,093)
- Tangible fixed assets -€11,093
down €11,093 (-38.8%), from €28,576 to €17,483
of which Furniture and vehicles: -€10,502
- Receivables within one year -€9,812
down €9,812 (-35.7%), from €27,498 to €17,686
of which Trade receivables: -€9,772
- Reserves +€34,241
up €34,241 (+49.2%), from €69,544 to €103,785
- Tax, wage and social debts +€5,735
up €5,735 (+33.0%), from €17,383 to €23,118
of which Taxes: +€5,735
- Other debts +€3,459
up €3,459 (+5.0%), from €69,430 to €72,889
- Gross operating margin +€9,733
up €9,733 (+17.2%), from €56,584 to €66,318
- Taxes +€5,653
up €5,653 (+47.8%), from €11,838 to €17,491
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 | €162,002 | €204,715 | +€42,713 | +26.4% |
| Fixed assets | 21/28 | €28,576 | €17,483 | -€11,093 | -38.8% |
| Tangible fixed assets | 22/27 | €28,576 | €17,483 | -€11,093 | -38.8% |
| Plant, machinery and equipment | 23 | €591 | €0 | -€591 | -100% |
| Furniture and vehicles | 24 | €27,985 | €17,483 | -€10,502 | -37.5% |
| Current assets | 29/58 | €133,425 | €187,232 | +€53,806 | +40.3% |
| Amounts receivable within one year | 40/41 | €27,498 | €17,686 | -€9,812 | -35.7% |
| Trade receivables | 40 | €27,425 | €17,653 | -€9,772 | -35.6% |
| Other amounts receivable | 41 | €73 | €33 | -€40 | -54.3% |
| Current investments | 50/53 | €80,000 | €80,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,104 | €87,743 | +€63,639 | +264% |
| Deferred charges and accrued income | 490/1 | €1,824 | €1,803 | -€21 | -1.1% |
| Total equity and liabilities | 10/49 | €162,002 | €204,715 | +€42,713 | +26.4% |
| Equity | 10/15 | €71,544 | €105,785 | +€34,241 | +47.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €69,544 | €103,785 | +€34,241 | +49.2% |
| Distributable reserves | 133 | €69,544 | €103,785 | +€34,241 | +49.2% |
| Amounts payable | 17/49 | €90,458 | €98,930 | +€8,472 | +9.4% |
| Amounts payable within one year | 42/48 | €87,250 | €96,098 | +€8,848 | +10.1% |
| Trade debts | 44 | €437 | €91 | -€346 | -79.1% |
| Suppliers | 440/4 | €437 | €91 | -€346 | -79.1% |
| Taxes, remuneration and social security | 45 | €17,383 | €23,118 | +€5,735 | +33.0% |
| Taxes | 450/3 | €16,383 | €22,118 | +€5,735 | +35.0% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €69,430 | €72,889 | +€3,459 | +5.0% |
| Accrued charges and deferred income | 492/3 | €3,208 | €2,832 | -€376 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,421 | €11,093 | -€328 | -2.9% |
| Other operating charges | 640/8 | €512 | €525 | +€13 | +2.5% |
| Gross operating margin | 9900 | €56,584 | €66,318 | +€9,733 | +17.2% |
| Operating profit (loss) | 9901 | €44,651 | €54,699 | +€10,049 | +22.5% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100% |
| Financial charges | 65/66B | €3,282 | €2,967 | -€314 | -9.6% |
| Recurring financial charges | 65 | €3,282 | €2,967 | -€314 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €41,375 | €51,732 | +€10,357 | +25.0% |
| Income taxes | 67/77 | €11,838 | €17,491 | +€5,653 | +47.8% |
| Profit (loss) for the period | 9904 | €29,537 | €34,241 | +€4,704 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,537 | €34,241 | +€4,704 | +15.9% |
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 28 October 2026 via checked.be.