MANTEKA: what changed
Two fiscal 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.
MANTEKA
Largest movements
- Receivables within one year +€52,345
up €52,345 (+31.5%), from €166,044 to €218,389
of which Trade receivables: +€89,385
- Cash +€3,779
up €3,779 (+465.4%), from €812 to €4,591
mainly Trade debts (+€73,825) and Other debts (+€2,969)
- Trade debts +€73,825
up €73,825 (+17620.3%), from €419 to €74,244
- Profit (loss) carried forward -€16,234
down €16,234, from €0 to -€16,234
- Other debts +€2,969
up €2,969 (+5.3%), from €56,462 to €59,431
- Tax, wage and social debts -€2,831
down €2,831 (-69.0%), from €4,104 to €1,272
- Write-downs +€187,877
new in 2025: €187,877
- Gross operating margin +€131,238
up €131,238 (+289.4%), from €45,345 to €176,583
- Taxes -€13,095
down €13,095 (-100.0%), from €13,095 to €0
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.
Cash bridge derived
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 | €167,758 | €225,065 | +€57,307 | +34.2% |
| Fixed assets | 21/28 | €13 | €0 | -€13 | -100.0% |
| Tangible fixed assets | 22/27 | €13 | €0 | -€13 | -100.0% |
| Furniture and vehicles | 24 | €13 | €0 | -€13 | -100.0% |
| Current assets | 29/58 | €167,745 | €225,065 | +€57,320 | +34.2% |
| Amounts receivable within one year | 40/41 | €166,044 | €218,389 | +€52,345 | +31.5% |
| Trade receivables | 40 | €117,334 | €206,720 | +€89,385 | +76.2% |
| Other amounts receivable | 41 | €48,709 | €11,669 | -€37,040 | -76.0% |
| Cash at bank and in hand | 54/58 | €812 | €4,591 | +€3,779 | +465.4% |
| Deferred charges and accrued income | 490/1 | €890 | €2,085 | +€1,196 | +134.4% |
| Total equity and liabilities | 10/49 | €167,758 | €225,065 | +€57,307 | +34.2% |
| Equity | 10/15 | €106,351 | €90,117 | -€16,234 | -15.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,151 | €100,151 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €98,291 | €98,291 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€16,234 | -€16,234 | |
| Amounts payable | 17/49 | €61,407 | €134,948 | +€73,541 | +119.8% |
| Amounts payable within one year | 42/48 | €60,985 | €134,948 | +€73,963 | +121.3% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €419 | €74,244 | +€73,825 | +17620.3% |
| Suppliers | 440/4 | €419 | €74,244 | +€73,825 | +17620.3% |
| Taxes, remuneration and social security | 45 | €4,104 | €1,272 | -€2,831 | -69.0% |
| Taxes | 450/3 | €4,104 | €1,272 | -€2,831 | -69.0% |
| Other amounts payable | 47/48 | €56,462 | €59,431 | +€2,969 | +5.3% |
| Accrued charges and deferred income | 492/3 | €422 | €0 | -€422 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358 | €13 | -€345 | -96.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €187,877 | +€187,877 | |
| Other operating charges | 640/8 | €585 | €598 | +€14 | +2.4% |
| Gross operating margin | 9900 | €45,345 | €176,583 | +€131,238 | +289.4% |
| Operating profit (loss) | 9901 | €44,403 | -€11,905 | -€56,308 | |
| Financial charges | 65/66B | €3,668 | €4,329 | +€661 | +18.0% |
| Recurring financial charges | 65 | €3,668 | €4,329 | +€661 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €40,734 | -€16,234 | -€56,969 | |
| Income taxes | 67/77 | €13,095 | €0 | -€13,095 | -100.0% |
| Profit (loss) for the period | 9904 | €27,639 | -€16,234 | -€43,873 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,639 | -€16,234 | -€43,873 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.