Mantarace: 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.
Mantarace
Largest movements
- Tangible fixed assets -€2,354
no longer reported in 2025 (was €2,354)
- Receivables within one year +€1,246
up €1,246 (+6.1%), from €20,529 to €21,775
- Deferred charges and accrued income -€369
no longer reported in 2025 (was €369)
- Profit (loss) carried forward -€969
down €969 (-29.6%), from €3,274 to €2,306
- Trade debts -€550
down €550 (-98.6%), from €558 to €8
- Gross operating margin +€3,878
up €3,878 (+94.7%), from -€4,096 to -€218
- Depreciation -€1,746
no longer reported in 2025 (was €1,746)
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 | €23,494 | €21,988 | -€1,506 | -6.4% |
| Fixed assets | 21/28 | €2,534 | €150 | -€2,384 | -94.1% |
| Tangible fixed assets | 22/27 | €2,354 | - | -€2,354 | |
| Furniture and vehicles | 24 | €2,354 | - | -€2,354 | |
| Financial fixed assets | 28 | €180 | €150 | -€30 | -16.7% |
| Current assets | 29/58 | €20,960 | €21,838 | +€878 | +4.2% |
| Amounts receivable within one year | 40/41 | €20,529 | €21,775 | +€1,246 | +6.1% |
| Other amounts receivable | 41 | €20,529 | €21,775 | +€1,246 | +6.1% |
| Cash at bank and in hand | 54/58 | €62 | €63 | +€1 | +1.0% |
| Deferred charges and accrued income | 490/1 | €369 | - | -€369 | |
| Total equity and liabilities | 10/49 | €23,494 | €21,988 | -€1,506 | -6.4% |
| Equity | 10/15 | €22,936 | €21,967 | -€969 | -4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,061 | €1,061 | = | 0.0% |
| Distributable reserves | 133 | €1,061 | €1,061 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,274 | €2,306 | -€969 | -29.6% |
| Amounts payable | 17/49 | €558 | €21 | -€537 | -96.3% |
| Amounts payable within one year | 42/48 | €558 | €8 | -€550 | -98.6% |
| Trade debts | 44 | €558 | €8 | -€550 | -98.6% |
| Suppliers | 440/4 | €558 | €8 | -€550 | -98.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €13 | +€13 | |
| Non-recurring operating income | 76A | - | €1,717 | +€1,717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,746 | - | -€1,746 | |
| Other operating charges | 640/8 | €457 | €470 | +€12 | +2.7% |
| Non-recurring operating charges | 66A | - | €120 | +€120 | |
| Gross operating margin | 9900 | -€4,096 | -€218 | +€3,878 | +94.7% |
| Operating profit (loss) | 9901 | -€6,299 | -€807 | +€5,492 | +87.2% |
| Financial charges | 65/66B | €178 | €161 | -€17 | -9.6% |
| Recurring financial charges | 65 | €178 | €161 | -€17 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,477 | -€969 | +€5,509 | +85.0% |
| Profit (loss) for the period | 9904 | -€6,477 | -€969 | +€5,509 | +85.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,477 | -€969 | +€5,509 | +85.0% |
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 14 October 2026 via checked.be.