La Manteline: 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.
La Manteline
Largest movements
- Tangible fixed assets -€77,547
down €77,547 (-8.4%), from €925,753 to €848,206
of which Land and buildings: -€70,713
- Cash +€39,657
up €39,657 (+88.5%), from €44,790 to €84,447
mainly Depreciation (+€77,547) and Receivables within one year (+€2,700)
- Debts after one year -€25,409
down €25,409 (-13.7%), from €185,301 to €159,891
- Profit (loss) carried forward -€13,401
down €13,401 (-8.3%), from -€161,789 to -€175,190
- Gross operating margin +€40,595
up €40,595 (+101%), from €40,303 to €80,899
- Other operating charges +€3,830
up €3,830 (+59.0%), from €6,487 to €10,317
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 | €973,426 | €933,193 | -€40,233 | -4.1% |
| Fixed assets | 21/28 | €925,753 | €848,206 | -€77,547 | -8.4% |
| Tangible fixed assets | 22/27 | €925,753 | €848,206 | -€77,547 | -8.4% |
| Land and buildings | 22 | €912,448 | €841,736 | -€70,713 | -7.7% |
| Plant, machinery and equipment | 23 | €10,798 | €4,800 | -€5,999 | -55.6% |
| Furniture and vehicles | 24 | €2,506 | €1,671 | -€835 | -33.3% |
| Current assets | 29/58 | €47,673 | €84,987 | +€37,314 | +78.3% |
| Amounts receivable within one year | 40/41 | €2,700 | - | -€2,700 | |
| Trade receivables | 40 | €2,700 | - | -€2,700 | |
| Cash at bank and in hand | 54/58 | €44,790 | €84,447 | +€39,657 | +88.5% |
| Deferred charges and accrued income | 490/1 | €183 | €540 | +€358 | +196% |
| Total equity and liabilities | 10/49 | €973,426 | €933,193 | -€40,233 | -4.1% |
| Equity | 10/15 | €699,397 | €685,995 | -€13,401 | -1.9% |
| Contributions | 10/11 | €53,234 | €53,234 | = | 0.0% |
| Capital | 10 | €53,234 | €53,234 | = | 0.0% |
| Reserves | 13 | €807,952 | €807,952 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,789 | -€175,190 | -€13,401 | -8.3% |
| Amounts payable | 17/49 | €274,029 | €247,198 | -€26,832 | -9.8% |
| Amounts payable after more than one year | 17 | €185,301 | €159,891 | -€25,409 | -13.7% |
| Financial debts | 170/4 | €185,301 | €159,891 | -€25,409 | -13.7% |
| Amounts payable within one year | 42/48 | €26,160 | €27,016 | +€856 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €24,964 | €25,409 | +€445 | +1.8% |
| Trade debts | 44 | €199 | - | -€199 | |
| Suppliers | 440/4 | €199 | - | -€199 | |
| Accrued charges and deferred income | 492/3 | €62,569 | €60,290 | -€2,279 | -3.6% |
| Non-recurring operating income | 76A | €1,319 | - | -€1,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,173 | €77,547 | -€626 | -0.8% |
| Other operating charges | 640/8 | €6,487 | €10,317 | +€3,830 | +59.0% |
| Non-recurring operating charges | 66A | - | €2,700 | +€2,700 | |
| Gross operating margin | 9900 | €40,303 | €80,899 | +€40,595 | +101% |
| Operating profit (loss) | 9901 | -€44,357 | -€9,665 | +€34,692 | +78.2% |
| Financial income | 75/76B | €11 | €18 | +€8 | +72.3% |
| Recurring financial income | 75 | €11 | €18 | +€8 | +72.3% |
| Financial charges | 65/66B | €4,335 | €3,755 | -€580 | -13.4% |
| Recurring financial charges | 65 | €4,335 | €3,755 | -€580 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€48,681 | -€13,401 | +€35,280 | +72.5% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€48,681 | -€13,401 | +€35,280 | +72.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,681 | -€13,401 | +€35,280 | +72.5% |
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 29 October 2026 via checked.be.