X - MAN2: what changed
Two fiscal 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.
X - MAN2
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€85
no longer reported in 2025 (was -€85)
- Purchases and services -€85
no longer reported in 2025 (was €85)
- Financial charges +€2
up €2 (+5.3%), from €29 to €30
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.
Cash bridge derived
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 | €5,832 | €5,802 | -€30 | -0.5% |
| Fixed assets | 21/28 | €4,018 | €4,018 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,919 | €3,919 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,362 | €1,362 | = | 0.0% |
| Other tangible fixed assets | 26 | €2,557 | €2,557 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,814 | €1,784 | -€30 | -1.7% |
| Amounts receivable within one year | 40/41 | €1,760 | €1,760 | = | 0.0% |
| Other amounts receivable | 41 | €1,760 | €1,760 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54 | €24 | -€30 | -55.2% |
| Total equity and liabilities | 10/49 | €5,832 | €5,802 | -€30 | -0.5% |
| Equity | 10/15 | -€95,594 | -€95,624 | -€30 | 0.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Capital | 10 | - | €18,750 | +€18,750 | |
| Issued capital | 100 | - | €18,750 | +€18,750 | |
| Profit (loss) carried forward | 14 | -€114,344 | -€114,374 | -€30 | 0.0% |
| Amounts payable | 17/49 | €101,427 | €101,427 | = | 0.0% |
| Amounts payable within one year | 42/48 | €101,427 | €101,427 | = | 0.0% |
| Financial debts | 43 | €1,701 | €1,701 | = | 0.0% |
| Other loans | 439 | €1,701 | €1,701 | = | 0.0% |
| Trade debts | 44 | €4,714 | €4,714 | = | 0.0% |
| Suppliers | 440/4 | €4,714 | €4,714 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,120 | €9,120 | = | 0.0% |
| Remuneration and social security | 454/9 | €9,120 | €9,120 | = | 0.0% |
| Other amounts payable | 47/48 | €85,892 | €85,892 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €85 | - | -€85 | |
| Gross operating margin | 9900 | -€85 | - | +€85 | |
| Operating profit (loss) | 9901 | -€85 | - | +€85 | |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€114 | -€30 | +€84 | +73.6% |
| Profit (loss) for the period | 9904 | -€114 | -€30 | +€84 | +73.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€114 | -€30 | +€84 | +73.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.