VIA MANIN: 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.
What changed
VIA MANIN
NACE 46.160, Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€69,693
2024 · €68,492+€1,201
Equity
€386,697
2024 · €317,004+€69,693
Cash
€14,493
2024 · €25,002-€10,509
Balance sheet total
€2.3m
2024 · €2.2m+€120,823
Largest movements
Assets
- Receivables within one year +€217,219
up €217,219 (+39.5%), from €550,355 to €767,573
of which Trade receivables: +€352,689
- Tangible fixed assets -€87,963
down €87,963 (-5.5%), from €1.6m to €1.5m
of which Land and buildings: -€87,237
Equity and liabilities
- Debts after one year -€273,188
down €273,188 (-24.7%), from €1.1m to €833,758
- Trade debts +€211,052
up €211,052 (+87.4%), from €241,344 to €452,396
- Current portion of long-term debt +€136,071
up €136,071 (+99.2%), from €137,117 to €273,188
- Reserves +€69,693
up €69,693 (+25.0%), from €278,592 to €348,285
Income statement
- Staff costs +€19,551
up €19,551 (+32.4%), from €60,364 to €79,915
- Gross operating margin +€18,633
up €18,633 (+6.3%), from €294,934 to €313,567
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.
Result 2024
€68,492
Gross operating margin
+€18,633
Staff costs
-€19,551
Depreciation
-€503
Other operating charges
-€385
Financial income
-€2,510
Financial charges
+€2,423
Taxes
+€3,094
Result 2025
€69,693
raises the resultlowers the result
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.
From operations
+€131,354
Investment
-€4,747
Financing
-€137,117
Cash 2024
€25,002
From operations (derived)
+€131,354
Net result for the year
+€69,693
Depreciation
+€92,709
Receivables within one year
-€217,219
Deferred charges and accrued income
-€2,076
Trade debts
+€211,052
Tax, wage and social debts
-€18,881
Other debts
+€810
Accrued charges and deferred income
-€4,734
Investment (derived)
-€4,747
Investment in fixed assets (net)
-€4,747
Financing
-€137,117
Debts after one year
-€273,188
Current portion of long-term debt
+€136,071
Cash 2025
€14,493
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,183,697 | €2,304,520 | +€120,823 | +5.5% |
| Fixed assets | 21/28 | €1,605,856 | €1,517,893 | -€87,963 | -5.5% |
| Tangible fixed assets | 22/27 | €1,602,183 | €1,514,221 | -€87,963 | -5.5% |
| Land and buildings | 22 | €1,599,267 | €1,512,030 | -€87,237 | -5.5% |
| Furniture and vehicles | 24 | €2,917 | €2,191 | -€726 | -24.9% |
| Financial fixed assets | 28 | €3,672 | €3,672 | = | 0.0% |
| Current assets | 29/58 | €577,842 | €786,627 | +€208,786 | +36.1% |
| Amounts receivable within one year | 40/41 | €550,355 | €767,573 | +€217,219 | +39.5% |
| Trade receivables | 40 | €360,496 | €713,185 | +€352,689 | +97.8% |
| Other amounts receivable | 41 | €189,859 | €54,389 | -€135,470 | -71.4% |
| Cash at bank and in hand | 54/58 | €25,002 | €14,493 | -€10,509 | -42.0% |
| Deferred charges and accrued income | 490/1 | €2,485 | €4,561 | +€2,076 | +83.5% |
| Total equity and liabilities | 10/49 | €2,183,697 | €2,304,520 | +€120,823 | +5.5% |
| Equity | 10/15 | €317,004 | €386,697 | +€69,693 | +22.0% |
| Contributions | 10/11 | €6,207 | €6,207 | = | 0.0% |
| Reserves | 13 | €278,592 | €348,285 | +€69,693 | +25.0% |
| Distributable reserves | 133 | €278,592 | €348,285 | +€69,693 | +25.0% |
| Profit (loss) carried forward | 14 | €32,205 | €32,205 | = | 0.0% |
| Provisions and deferred taxes | 16 | €63,633 | €63,633 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €63,633 | €63,633 | = | 0.0% |
| Pensions and similar obligations | 160 | €63,633 | €63,633 | = | 0.0% |
| Amounts payable | 17/49 | €1,803,061 | €1,854,191 | +€51,130 | +2.8% |
| Amounts payable after more than one year | 17 | €1,106,945 | €833,758 | -€273,188 | -24.7% |
| Financial debts | 170/4 | €1,106,945 | €833,758 | -€273,188 | -24.7% |
| Amounts payable within one year | 42/48 | €691,225 | €1,020,276 | +€329,051 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €137,117 | €273,188 | +€136,071 | +99.2% |
| Trade debts | 44 | €241,344 | €452,396 | +€211,052 | +87.4% |
| Suppliers | 440/4 | €241,344 | €452,396 | +€211,052 | +87.4% |
| Taxes, remuneration and social security | 45 | €55,258 | €36,377 | -€18,881 | -34.2% |
| Taxes | 450/3 | €46,212 | €26,166 | -€20,046 | -43.4% |
| Remuneration and social security | 454/9 | €9,046 | €10,211 | +€1,164 | +12.9% |
| Other amounts payable | 47/48 | €257,506 | €258,316 | +€810 | +0.3% |
| Accrued charges and deferred income | 492/3 | €4,890 | €157 | -€4,734 | -96.8% |
| Remuneration, social security and pensions | 62 | €60,364 | €79,915 | +€19,551 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,206 | €92,709 | +€503 | +0.5% |
| Other operating charges | 640/8 | €13,306 | €13,691 | +€385 | +2.9% |
| Gross operating margin | 9900 | €294,934 | €313,567 | +€18,633 | +6.3% |
| Operating profit (loss) | 9901 | €129,058 | €127,252 | -€1,806 | -1.4% |
| Financial income | 75/76B | €3,397 | €887 | -€2,510 | -73.9% |
| Recurring financial income | 75 | €3,397 | €887 | -€2,510 | -73.9% |
| Financial charges | 65/66B | €33,722 | €31,299 | -€2,423 | -7.2% |
| Recurring financial charges | 65 | €33,722 | €31,299 | -€2,423 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €98,732 | €96,839 | -€1,893 | -1.9% |
| Income taxes | 67/77 | €30,241 | €27,146 | -€3,094 | -10.2% |
| Profit (loss) for the period | 9904 | €68,492 | €69,693 | +€1,201 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,492 | €69,693 | +€1,201 | +1.8% |
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 26 October 2026 via checked.be.