MANTAEV SERVICE: 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.
MANTAEV SERVICE
Largest movements
- Cash +€57,308
new in 2024: €57,308
mainly Net result for the year (+€81,151) and Tax, wage and social debts (+€38,732)
- Receivables within one year +€33,979
up €33,979 (+57.7%), from €58,886 to €92,865
of which Trade receivables: +€27,542
- Deferred charges and accrued income -€17,380
down €17,380 (-31.6%), from €55,006 to €37,626
- Tangible fixed assets +€5,860
up €5,860 (+25.3%), from €23,156 to €29,016
of which Plant, machinery and equipment: +€4,692
- Profit (loss) carried forward +€81,151
up €81,151, from -€3,303 to €77,848
- Tax, wage and social debts +€38,732
up €38,732 (+95.3%), from €40,630 to €79,362
of which Taxes: +€30,680
- Trade debts -€27,271
down €27,271 (-54.9%), from €49,631 to €22,360
- Short-term financial debts -€9,977
no longer reported in 2024 (was €9,977)
- Accrued charges and deferred income -€2,868
no longer reported in 2024 (was €2,868)
- Gross operating margin +€251,502
up €251,502 (+172%), from €145,863 to €397,365
- Staff costs +€129,972
up €129,972 (+89.9%), from €144,526 to €274,498
- Taxes +€23,578
up €23,578 (+10,707%), from €220 to €23,798
- Depreciation +€8,158
up €8,158 (+195%), from €4,186 to €12,344
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,803 | €224,570 | +€79,767 | +55.1% |
| Fixed assets | 21/28 | €23,156 | €29,016 | +€5,860 | +25.3% |
| Tangible fixed assets | 22/27 | €23,156 | €29,016 | +€5,860 | +25.3% |
| Plant, machinery and equipment | 23 | €1,250 | €5,942 | +€4,692 | +375% |
| Furniture and vehicles | 24 | €21,905 | €23,074 | +€1,169 | +5.3% |
| Current assets | 29/58 | €121,648 | €195,554 | +€73,906 | +60.8% |
| Stocks and contracts in progress | 3 | €7,755 | €7,755 | +€0 | 0.0% |
| Stocks | 30/36 | €7,755 | €7,755 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €58,886 | €92,865 | +€33,979 | +57.7% |
| Trade receivables | 40 | €54,025 | €81,567 | +€27,542 | +51.0% |
| Other amounts receivable | 41 | €4,861 | €11,298 | +€6,437 | +132% |
| Cash at bank and in hand | 54/58 | - | €57,308 | +€57,308 | |
| Deferred charges and accrued income | 490/1 | €55,006 | €37,626 | -€17,380 | -31.6% |
| Total equity and liabilities | 10/49 | €144,803 | €224,570 | +€79,767 | +55.1% |
| Equity | 10/15 | €41,697 | €122,848 | +€81,151 | +195% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,000 | €42,000 | = | 0.0% |
| Distributable reserves | 133 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,303 | €77,848 | +€81,151 | |
| Amounts payable | 17/49 | €103,106 | €101,722 | -€1,384 | -1.3% |
| Amounts payable within one year | 42/48 | €100,238 | €101,722 | +€1,484 | +1.5% |
| Financial debts | 43 | €9,977 | - | -€9,977 | |
| Credit institutions | 430/8 | €9,977 | - | -€9,977 | |
| Trade debts | 44 | €49,631 | €22,360 | -€27,271 | -54.9% |
| Suppliers | 440/4 | €49,631 | €22,360 | -€27,271 | -54.9% |
| Taxes, remuneration and social security | 45 | €40,630 | €79,362 | +€38,732 | +95.3% |
| Taxes | 450/3 | €15,397 | €46,077 | +€30,680 | +199% |
| Remuneration and social security | 454/9 | €25,233 | €33,285 | +€8,052 | +31.9% |
| Accrued charges and deferred income | 492/3 | €2,868 | - | -€2,868 | |
| Remuneration, social security and pensions | 62 | €144,526 | €274,498 | +€129,972 | +89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,186 | €12,344 | +€8,158 | +195% |
| Other operating charges | 640/8 | €1,669 | €2,576 | +€907 | +54.3% |
| Non-recurring operating charges | 66A | €9 | - | -€9 | |
| Gross operating margin | 9900 | €145,863 | €397,365 | +€251,502 | +172% |
| Operating profit (loss) | 9901 | -€4,527 | €107,947 | +€112,474 | |
| Financial income | 75/76B | €930 | - | -€930 | |
| Recurring financial income | 75 | €930 | - | -€930 | |
| Financial charges | 65/66B | €1,401 | €2,998 | +€1,597 | +114% |
| Recurring financial charges | 65 | €1,401 | €2,998 | +€1,597 | +114% |
| Profit (loss) for the period before taxes | 9903 | -€4,998 | €104,949 | +€109,947 | |
| Income taxes | 67/77 | €220 | €23,798 | +€23,578 | +10,707% |
| Profit (loss) for the period | 9904 | -€5,218 | €81,151 | +€86,369 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,218 | €81,151 | +€86,369 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.