MANTARCI: 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.
MANTARCI
Largest movements
- Cash +€27,497
up €27,497 (+192%), from €14,343 to €41,840
mainly Receivables within one year (+€9,820) and Net result for the year (+€8,338)
- Receivables within one year -€9,820
down €9,820 (-100%), from €9,820 to €0
of which Trade receivables: -€7,820
- Tangible fixed assets -€7,525
down €7,525 (-61.8%), from €12,175 to €4,649
of which Furniture and vehicles: -€7,118
- Reserves +€8,338
up €8,338 (+100%), from €8,302 to €16,640
- Other debts +€1,372
up €1,372 (+6.5%), from €21,161 to €22,533
- Trade debts +€537
up €537 (+10,068%), from €5 to €542
- Gross operating margin +€15,366
up €15,366 (+242%), from €6,348 to €21,714
- Taxes +€2,751
up €2,751 (+202%), from €1,360 to €4,110
- Depreciation +€893
up €893 (+13.5%), from €6,633 to €7,525
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 | €37,037 | €47,194 | +€10,157 | +27.4% |
| Fixed assets | 21/28 | €12,175 | €4,649 | -€7,525 | -61.8% |
| Tangible fixed assets | 22/27 | €12,175 | €4,649 | -€7,525 | -61.8% |
| Plant, machinery and equipment | 23 | €755 | €347 | -€407 | -54.0% |
| Furniture and vehicles | 24 | €11,420 | €4,302 | -€7,118 | -62.3% |
| Current assets | 29/58 | €24,862 | €42,544 | +€17,682 | +71.1% |
| Amounts receivable within one year | 40/41 | €9,820 | €0 | -€9,820 | -100% |
| Trade receivables | 40 | €7,820 | €0 | -€7,820 | -100% |
| Other amounts receivable | 41 | €2,000 | €0 | -€2,000 | -100% |
| Cash at bank and in hand | 54/58 | €14,343 | €41,840 | +€27,497 | +192% |
| Deferred charges and accrued income | 490/1 | €699 | €704 | +€5 | +0.7% |
| Total equity and liabilities | 10/49 | €37,037 | €47,194 | +€10,157 | +27.4% |
| Equity | 10/15 | €9,302 | €17,640 | +€8,338 | +89.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €8,302 | €16,640 | +€8,338 | +100% |
| Distributable reserves | 133 | €8,302 | €16,640 | +€8,338 | +100% |
| Amounts payable | 17/49 | €27,735 | €29,554 | +€1,819 | +6.6% |
| Amounts payable within one year | 42/48 | €27,735 | €29,554 | +€1,819 | +6.6% |
| Trade debts | 44 | €5 | €542 | +€537 | +10,068% |
| Suppliers | 440/4 | €5 | €542 | +€537 | +10,068% |
| Taxes, remuneration and social security | 45 | €6,569 | €6,479 | -€90 | -1.4% |
| Taxes | 450/3 | €6,569 | €6,479 | -€90 | -1.4% |
| Other amounts payable | 47/48 | €21,161 | €22,533 | +€1,372 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,633 | €7,525 | +€893 | +13.5% |
| Other operating charges | 640/8 | €1,290 | €1,471 | +€180 | +14.0% |
| Gross operating margin | 9900 | €6,348 | €21,714 | +€15,366 | +242% |
| Operating profit (loss) | 9901 | -€1,575 | €12,718 | +€14,293 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €221 | €269 | +€49 | +22.1% |
| Recurring financial charges | 65 | €221 | €269 | +€49 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,796 | €12,449 | +€14,244 | |
| Income taxes | 67/77 | €1,360 | €4,110 | +€2,751 | +202% |
| Profit (loss) for the period | 9904 | -€3,156 | €8,338 | +€11,494 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,156 | €8,338 | +€11,494 |
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 23 October 2026 via checked.be.