MANTELLA: 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.
MANTELLA
Largest movements
- Cash +€6,881
up €6,881 (+50.8%), from €13,543 to €20,424
mainly Net result for the year (+€10,065) and Trade debts (+€6,156)
- Receivables within one year +€5,251
up €5,251 (+548.6%), from €957 to €6,208
of which Trade receivables: +€4,931
- Deferred charges and accrued income +€3,403
new in 2025: €3,403
- Profit (loss) carried forward +€10,065
up €10,065 (+16.1%), from -€62,700 to -€52,635
- Trade debts +€6,156
up €6,156 (+1730.9%), from €356 to €6,512
- Gross operating margin +€1,730
up €1,730 (+18.5%), from €9,347 to €11,078
- Other operating charges +€282
up €282 (+55.9%), from €504 to €786
- Depreciation +€117
new in 2025: €117
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 | €284,500 | €301,216 | +€16,716 | +5.9% |
| Fixed assets | 21/28 | €270,000 | €271,181 | +€1,181 | +0.4% |
| Tangible fixed assets | 22/27 | €270,000 | €271,181 | +€1,181 | +0.4% |
| Land and buildings | 22 | €270,000 | €270,000 | = | 0.0% |
| Furniture and vehicles | 24 | - | €1,181 | +€1,181 | |
| Current assets | 29/58 | €14,500 | €30,035 | +€15,535 | +107.1% |
| Amounts receivable within one year | 40/41 | €957 | €6,208 | +€5,251 | +548.6% |
| Trade receivables | 40 | €957 | €5,888 | +€4,931 | +515.2% |
| Other amounts receivable | 41 | - | €320 | +€320 | |
| Cash at bank and in hand | 54/58 | €13,543 | €20,424 | +€6,881 | +50.8% |
| Deferred charges and accrued income | 490/1 | - | €3,403 | +€3,403 | |
| Total equity and liabilities | 10/49 | €284,500 | €301,216 | +€16,716 | +5.9% |
| Equity | 10/15 | €137,300 | €147,365 | +€10,065 | +7.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,700 | -€52,635 | +€10,065 | +16.1% |
| Amounts payable | 17/49 | €147,200 | €153,851 | +€6,651 | +4.5% |
| Amounts payable within one year | 42/48 | €147,200 | €153,851 | +€6,651 | +4.5% |
| Trade debts | 44 | €356 | €6,512 | +€6,156 | +1730.9% |
| Suppliers | 440/4 | €356 | €6,512 | +€6,156 | +1730.9% |
| Taxes, remuneration and social security | 45 | €512 | €996 | +€483 | +94.3% |
| Taxes | 450/3 | €512 | €996 | +€483 | +94.3% |
| Other amounts payable | 47/48 | €146,332 | €146,343 | +€12 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €117 | +€117 | |
| Other operating charges | 640/8 | €504 | €786 | +€282 | +55.9% |
| Non-recurring operating charges | 66A | €1,693 | - | -€1,693 | |
| Gross operating margin | 9900 | €9,347 | €11,078 | +€1,730 | +18.5% |
| Operating profit (loss) | 9901 | €7,150 | €10,175 | +€3,024 | +42.3% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €107 | €150 | +€42 | +39.5% |
| Recurring financial charges | 65 | €107 | €150 | +€42 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €7,043 | €10,065 | +€3,022 | +42.9% |
| Profit (loss) for the period | 9904 | €7,043 | €10,065 | +€3,022 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,043 | €10,065 | +€3,022 | +42.9% |
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.