ETS MANTOVAN - ORELEC: 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.
ETS MANTOVAN - ORELEC
Largest movements
- Receivables within one year +€29,631
up €29,631 (+204%), from €14,553 to €44,184
of which Trade receivables: +€29,384
- Cash +€1,855
up €1,855 (+35.5%), from €5,232 to €7,088
mainly Trade debts (+€25,367) and Net result for the year (+€6,112)
- Trade debts +€25,367
up €25,367 (+116,469%), from €22 to €25,389
- Reserves +€5,141
up €5,141 (+277%), from €1,859 to €7,000
of which Distributable reserves: +€7,000
- Profit (loss) carried forward +€971
up €971, from -€308 to €663
- Financial charges -€110,760
down €110,760 (-99.8%), from €111,018 to €258
of which Non-recurring financial charges: -€110,812
- Gross operating margin -€7,793
down €7,793 (-53.4%), from €14,596 to €6,804
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 | €20,165 | €51,644 | +€31,479 | +156% |
| Fixed assets | 21/28 | €100 | €100 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €20,065 | €51,544 | +€31,479 | +157% |
| Amounts receivable within one year | 40/41 | €14,553 | €44,184 | +€29,631 | +204% |
| Trade receivables | 40 | €8,000 | €37,384 | +€29,384 | +367% |
| Other amounts receivable | 41 | €6,553 | €6,799 | +€247 | +3.8% |
| Cash at bank and in hand | 54/58 | €5,232 | €7,088 | +€1,855 | +35.5% |
| Deferred charges and accrued income | 490/1 | €280 | €272 | -€8 | -2.8% |
| Total equity and liabilities | 10/49 | €20,165 | €51,644 | +€31,479 | +156% |
| Equity | 10/15 | €20,144 | €26,255 | +€6,112 | +30.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €7,000 | +€5,141 | +277% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | - | €7,000 | +€7,000 | |
| Profit (loss) carried forward | 14 | -€308 | €663 | +€971 | |
| Amounts payable | 17/49 | €22 | €25,389 | +€25,367 | +116,469% |
| Amounts payable within one year | 42/48 | €22 | €25,389 | +€25,367 | +116,469% |
| Trade debts | 44 | €22 | €25,389 | +€25,367 | +116,469% |
| Suppliers | 440/4 | €22 | €25,389 | +€25,367 | +116,469% |
| Other operating charges | 640/8 | €384 | €437 | +€53 | +13.8% |
| Gross operating margin | 9900 | €14,596 | €6,804 | -€7,793 | -53.4% |
| Operating profit (loss) | 9901 | €14,212 | €6,366 | -€7,845 | -55.2% |
| Financial income | 75/76B | €3 | €3 | +€0 | +1.9% |
| Recurring financial income | 75 | €3 | €3 | +€0 | +1.9% |
| Financial charges | 65/66B | €111,018 | €258 | -€110,760 | -99.8% |
| Recurring financial charges | 65 | €205 | €258 | +€52 | +25.3% |
| Non-recurring financial charges | 66B | €110,812 | - | -€110,812 | |
| Profit (loss) for the period before taxes | 9903 | -€96,803 | €6,112 | +€102,915 | |
| Profit (loss) for the period | 9904 | -€96,803 | €6,112 | +€102,915 | |
| Profit (loss) for the period to be appropriated | 9905 | -€96,803 | €6,112 | +€102,915 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.