MANTA SHIPPING: 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.
MANTA SHIPPING
Largest movements
- Receivables after one year +€3.3m
new in 2025: €3.3m
- Financial fixed assets -€322,045
down €322,045 (-99.2%), from €324,495 to €2,450
- Tangible fixed assets +€110,990
up €110,990 (+38.4%), from €288,759 to €399,749
of which Furniture and vehicles: +€104,976
- Cash +€46,735
up €46,735 (+112%), from €41,888 to €88,623
mainly Net result for the year (+€3.1m) and Investment in fixed assets (net) (+€183,031)
- Receivables within one year -€44,430
down €44,430 (-17.7%), from €250,515 to €206,084
of which Other amounts receivable: -€36,676
- Profit (loss) carried forward +€2.1m
up €2.1m (+631%), from €340,319 to €2.5m
- Reserves +€1.0m
up €1.0m (+517%), from €193,608 to €1.2m
of which Distributable reserves: +€1.0m
- Other debts -€67,681
down €67,681 (-37.1%), from €182,368 to €114,687
- Tax, wage and social debts +€57,390
up €57,390 (+147%), from €39,122 to €96,512
of which Taxes: +€59,469
- Debts after one year -€40,768
down €40,768 (-38.8%), from €105,173 to €64,405
- Financial income +€3.2m
up €3.2m (+6,456%), from €50,003 to €3.3m
- Taxes +€75,021
up €75,021 (+296%), from €25,326 to €100,346
- Gross operating margin -€71,768
down €71,768 (-54.7%), from €131,196 to €59,428
- Depreciation +€16,474
up €16,474 (+143%), from €11,550 to €28,024
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 | €908,129 | €4,009,895 | +€3.1m | +342% |
| Fixed assets | 21/28 | €613,254 | €402,199 | -€211,055 | -34.4% |
| Tangible fixed assets | 22/27 | €288,759 | €399,749 | +€110,990 | +38.4% |
| Land and buildings | 22 | €281,132 | €262,316 | -€18,816 | -6.7% |
| Plant, machinery and equipment | 23 | €5,712 | €15,542 | +€9,830 | +172% |
| Furniture and vehicles | 24 | €1,915 | €106,890 | +€104,976 | +5,483% |
| Other tangible fixed assets | 26 | - | €15,000 | +€15,000 | |
| Financial fixed assets | 28 | €324,495 | €2,450 | -€322,045 | -99.2% |
| Current assets | 29/58 | €294,874 | €3,607,696 | +€3.3m | +1,123% |
| Amounts receivable after more than one year | 29 | - | €3,300,000 | +€3.3m | |
| Other amounts receivable | 291 | - | €3,300,000 | +€3.3m | |
| Amounts receivable within one year | 40/41 | €250,515 | €206,084 | -€44,430 | -17.7% |
| Trade receivables | 40 | €18,627 | €10,872 | -€7,755 | -41.6% |
| Other amounts receivable | 41 | €231,888 | €195,212 | -€36,676 | -15.8% |
| Current investments | 50/53 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,888 | €88,623 | +€46,735 | +112% |
| Deferred charges and accrued income | 490/1 | €2,470 | €12,987 | +€10,517 | +426% |
| Total equity and liabilities | 10/49 | €908,129 | €4,009,895 | +€3.1m | +342% |
| Equity | 10/15 | €540,128 | €3,686,471 | +€3.1m | +583% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €193,608 | €1,193,608 | +€1.0m | +517% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €193,608 | €1,193,608 | +€1.0m | +517% |
| Profit (loss) carried forward | 14 | €340,319 | €2,486,663 | +€2.1m | +631% |
| Amounts payable | 17/49 | €368,001 | €323,423 | -€44,577 | -12.1% |
| Amounts payable after more than one year | 17 | €105,173 | €64,405 | -€40,768 | -38.8% |
| Financial debts | 170/4 | €105,173 | €64,405 | -€40,768 | -38.8% |
| Amounts payable within one year | 42/48 | €262,828 | €259,018 | -€3,810 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €39,115 | €40,768 | +€1,653 | +4.2% |
| Financial debts | 43 | - | €5,057 | +€5,057 | |
| Credit institutions | 430/8 | - | €5,057 | +€5,057 | |
| Trade debts | 44 | €2,223 | €1,995 | -€228 | -10.3% |
| Suppliers | 440/4 | €2,223 | €1,995 | -€228 | -10.3% |
| Taxes, remuneration and social security | 45 | €39,122 | €96,512 | +€57,390 | +147% |
| Taxes | 450/3 | €34,514 | €93,983 | +€59,469 | +172% |
| Remuneration and social security | 454/9 | €4,607 | €2,529 | -€2,079 | -45.1% |
| Other amounts payable | 47/48 | €182,368 | €114,687 | -€67,681 | -37.1% |
| Non-recurring operating income | 76A | €1,685 | €20,000 | +€18,315 | +1,087% |
| Remuneration, social security and pensions | 62 | €55,344 | €54,539 | -€804 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,550 | €28,024 | +€16,474 | +143% |
| Other operating charges | 640/8 | €1,333 | €1,821 | +€489 | +36.7% |
| Gross operating margin | 9900 | €131,196 | €59,428 | -€71,768 | -54.7% |
| Operating profit (loss) | 9901 | €62,969 | -€24,956 | -€87,926 | |
| Financial income | 75/76B | €50,003 | €3,277,955 | +€3.2m | +6,456% |
| Recurring financial income | 75 | €50,003 | €3,277,955 | +€3.2m | +6,456% |
| Financial charges | 65/66B | €7,419 | €6,308 | -€1,111 | -15.0% |
| Recurring financial charges | 65 | €7,419 | €6,308 | -€1,111 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €105,553 | €3,246,690 | +€3.1m | +2,976% |
| Income taxes | 67/77 | €25,326 | €100,346 | +€75,021 | +296% |
| Profit (loss) for the period | 9904 | €80,227 | €3,146,344 | +€3.1m | +3,822% |
| Profit (loss) for the period to be appropriated | 9905 | €80,227 | €3,146,344 | +€3.1m | +3,822% |
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 25 October 2026 via checked.be.