MANTA CONSTRUCT: 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.
MANTA CONSTRUCT
Largest movements
- Stocks and contracts +€293,975
new in 2025: €293,975
- Cash -€198,496
down €198,496 (-95.2%), from €208,458 to €9,962
mainly Stocks and contracts (-€293,975) and Advances received (-€103,533)
- Receivables within one year -€33,647
down €33,647 (-19.9%), from €168,995 to €135,348
of which Trade receivables: -€33,647
- Tangible fixed assets -€8,243
down €8,243 (-5.3%), from €155,809 to €147,566
of which Land and buildings: -€7,945
- Reserves +€133,858
up €133,858 (+146.0%), from €91,689 to €225,548
- Advances received -€103,533
no longer reported in 2025 (was €103,533)
- Short-term financial debts +€91,000
new in 2025: €91,000
- Tax, wage and social debts -€64,456
down €64,456 (-70.2%), from €91,860 to €27,403
- Debts after one year -€6,511
down €6,511 (-5.9%), from €110,715 to €104,204
- Gross operating margin +€74,711
up €74,711 (+59.1%), from €126,520 to €201,231
- Taxes +€20,418
up €20,418 (+106.0%), from €19,270 to €39,689
- Depreciation -€14,736
down €14,736 (-56.3%), from €26,166 to €11,430
- Other operating charges +€5,413
up €5,413 (+193.4%), from €2,798 to €8,211
- Financial charges +€3,170
up €3,170 (+68.0%), from €4,662 to €7,832
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 | €533,598 | €589,504 | +€55,906 | +10.5% |
| Fixed assets | 21/28 | €155,809 | €147,566 | -€8,243 | -5.3% |
| Tangible fixed assets | 22/27 | €155,809 | €147,566 | -€8,243 | -5.3% |
| Land and buildings | 22 | €145,014 | €137,070 | -€7,945 | -5.5% |
| Plant, machinery and equipment | 23 | €9,301 | €8,165 | -€1,136 | -12.2% |
| Furniture and vehicles | 24 | €1,494 | €2,332 | +€838 | +56.1% |
| Current assets | 29/58 | €377,789 | €441,938 | +€64,149 | +17.0% |
| Stocks and contracts in progress | 3 | - | €293,975 | +€293,975 | |
| Stocks | 30/36 | - | €293,975 | +€293,975 | |
| Amounts receivable within one year | 40/41 | €168,995 | €135,348 | -€33,647 | -19.9% |
| Trade receivables | 40 | €153,995 | €120,348 | -€33,647 | -21.8% |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €208,458 | €9,962 | -€198,496 | -95.2% |
| Deferred charges and accrued income | 490/1 | €336 | €2,654 | +€2,318 | +689.4% |
| Total equity and liabilities | 10/49 | €533,598 | €589,504 | +€55,906 | +10.5% |
| Equity | 10/15 | €94,689 | €228,548 | +€133,858 | +141.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €91,689 | €225,548 | +€133,858 | +146.0% |
| Distributable reserves | 133 | €91,689 | €225,548 | +€133,858 | +146.0% |
| Amounts payable | 17/49 | €438,909 | €360,957 | -€77,952 | -17.8% |
| Amounts payable after more than one year | 17 | €110,715 | €104,204 | -€6,511 | -5.9% |
| Financial debts | 170/4 | €110,715 | €104,204 | -€6,511 | -5.9% |
| Amounts payable within one year | 42/48 | €328,194 | €256,753 | -€71,441 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €6,262 | €6,511 | +€249 | +4.0% |
| Financial debts | 43 | - | €91,000 | +€91,000 | |
| Credit institutions | 430/8 | - | €91,000 | +€91,000 | |
| Trade debts | 44 | €120,633 | €125,360 | +€4,728 | +3.9% |
| Suppliers | 440/4 | €120,633 | €125,360 | +€4,728 | +3.9% |
| Advances received on contracts in progress | 46 | €103,533 | - | -€103,533 | |
| Taxes, remuneration and social security | 45 | €91,860 | €27,403 | -€64,456 | -70.2% |
| Taxes | 450/3 | €91,860 | €27,403 | -€64,456 | -70.2% |
| Other amounts payable | 47/48 | €5,907 | €6,478 | +€571 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,166 | €11,430 | -€14,736 | -56.3% |
| Other operating charges | 640/8 | €2,798 | €8,211 | +€5,413 | +193.4% |
| Non-recurring operating charges | 66A | - | €1,001 | +€1,001 | |
| Gross operating margin | 9900 | €126,520 | €201,231 | +€74,711 | +59.1% |
| Operating profit (loss) | 9901 | €97,556 | €180,589 | +€83,033 | +85.1% |
| Financial income | 75/76B | €2,363 | €790 | -€1,572 | -66.6% |
| Recurring financial income | 75 | €2,363 | €790 | -€1,572 | -66.6% |
| Financial charges | 65/66B | €4,662 | €7,832 | +€3,170 | +68.0% |
| Recurring financial charges | 65 | €4,662 | €7,832 | +€3,170 | +68.0% |
| Profit (loss) for the period before taxes | 9903 | €95,256 | €173,547 | +€78,291 | +82.2% |
| Income taxes | 67/77 | €19,270 | €39,689 | +€20,418 | +106.0% |
| Profit (loss) for the period | 9904 | €75,986 | €133,858 | +€57,873 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,986 | €133,858 | +€57,873 | +76.2% |
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.