MANTEA: 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.
MANTEA
Largest movements
- Receivables within one year -€2.2m
down €2.2m (-63.6%), from €3.5m to €1.3m
of which Other amounts receivable: -€2.3m
- Profit (loss) carried forward -€2.3m
down €2.3m (-57.0%), from €4.0m to €1.7m
- Trade debts +€65,481
up €65,481 (+946%), from €6,918 to €72,399
- Gross operating margin -€9,958
down €9,958 (-6.0%), from €167,083 to €157,125
- Staff costs -€9,388
down €9,388 (-6.1%), from €153,914 to €144,526
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 | €5,042,915 | €2,838,090 | -€2.2m | -43.7% |
| Fixed assets | 21/28 | €1,492,137 | €1,492,137 | = | 0.0% |
| Financial fixed assets | 28 | €1,492,137 | €1,492,137 | = | 0.0% |
| Current assets | 29/58 | €3,550,778 | €1,345,953 | -€2.2m | -62.1% |
| Amounts receivable within one year | 40/41 | €3,499,909 | €1,275,636 | -€2.2m | -63.6% |
| Trade receivables | 40 | €20,770 | €60,000 | +€39,230 | +189% |
| Other amounts receivable | 41 | €3,479,138 | €1,215,636 | -€2.3m | -65.1% |
| Cash at bank and in hand | 54/58 | €49,954 | €69,401 | +€19,447 | +38.9% |
| Deferred charges and accrued income | 490/1 | €916 | €916 | = | 0.0% |
| Total equity and liabilities | 10/49 | €5,042,915 | €2,838,090 | -€2.2m | -43.7% |
| Equity | 10/15 | €4,992,683 | €2,730,286 | -€2.3m | -45.3% |
| Contributions | 10/11 | €241,233 | €241,233 | = | 0.0% |
| Reserves | 13 | €782,646 | €782,646 | = | 0.0% |
| Distributable reserves | 133 | €782,646 | €782,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,968,803 | €1,706,407 | -€2.3m | -57.0% |
| Amounts payable | 17/49 | €50,232 | €107,804 | +€57,571 | +115% |
| Amounts payable within one year | 42/48 | €50,232 | €107,804 | +€57,571 | +115% |
| Trade debts | 44 | €6,918 | €72,399 | +€65,481 | +946% |
| Suppliers | 440/4 | €6,918 | €72,399 | +€65,481 | +946% |
| Taxes, remuneration and social security | 45 | €43,206 | €35,297 | -€7,909 | -18.3% |
| Taxes | 450/3 | €24,403 | €18,125 | -€6,278 | -25.7% |
| Remuneration and social security | 454/9 | €18,803 | €17,172 | -€1,632 | -8.7% |
| Other amounts payable | 47/48 | €108 | €108 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €153,914 | €144,526 | -€9,388 | -6.1% |
| Other operating charges | 640/8 | €1,086 | €1,187 | +€102 | +9.4% |
| Gross operating margin | 9900 | €167,083 | €157,125 | -€9,958 | -6.0% |
| Operating profit (loss) | 9901 | €12,083 | €11,411 | -€671 | -5.6% |
| Financial income | 75/76B | €19 | €0 | -€19 | -100% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -100% |
| Financial charges | 65/66B | €3,961 | €3,478 | -€484 | -12.2% |
| Recurring financial charges | 65 | €3,961 | €3,478 | -€484 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €8,140 | €7,934 | -€206 | -2.5% |
| Income taxes | 67/77 | €4,332 | €4,080 | -€252 | -5.8% |
| Profit (loss) for the period | 9904 | €3,808 | €3,854 | +€45 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,808 | €3,854 | +€45 | +1.2% |
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 31 October 2026 via checked.be.