MANTIA: 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.
MANTIA
Largest movements
- Receivables within one year -€17,432
down €17,432 (-61.7%), from €28,270 to €10,839
of which Trade receivables: -€18,439
- Tangible fixed assets -€6,912
down €6,912 (-99.1%), from €6,974 to €62
of which Furniture and vehicles: -€6,266
- Deferred charges and accrued income +€422
up €422 (+105%), from €400 to €821
- Trade debts -€13,064
down €13,064 (-80.4%), from €16,250 to €3,187
- Tax, wage and social debts -€6,314
down €6,314 (-96.9%), from €6,513 to €200
of which Taxes: -€5,070
- Debts after one year -€4,158
no longer reported in 2025 (was €4,158)
- Other debts -€3,415
down €3,415 (-32.3%), from €10,583 to €7,168
- Profit (loss) carried forward +€2,821
up €2,821 (+7.3%), from -€38,791 to -€35,969
- Gross operating margin -€11,521
down €11,521 (-51.3%), from €22,467 to €10,946
- Staff costs -€1,586
no longer reported in 2025 (was €1,586)
- Financial charges -€1,483
down €1,483 (-42.2%), from €3,515 to €2,031
- Financial income +€915
up €915 (+149%), from €614 to €1,529
- Depreciation -€771
down €771 (-10.0%), from €7,683 to €6,912
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 | €35,858 | €11,898 | -€23,960 | -66.8% |
| Fixed assets | 21/28 | €7,097 | €184 | -€6,912 | -97.4% |
| Tangible fixed assets | 22/27 | €6,974 | €62 | -€6,912 | -99.1% |
| Plant, machinery and equipment | 23 | €708 | €62 | -€646 | -91.3% |
| Furniture and vehicles | 24 | €6,266 | - | -€6,266 | |
| Financial fixed assets | 28 | €123 | €123 | = | 0.0% |
| Current assets | 29/58 | €28,762 | €11,713 | -€17,048 | -59.3% |
| Stocks and contracts in progress | 3 | €84 | - | -€84 | |
| Stocks | 30/36 | €84 | - | -€84 | |
| Amounts receivable within one year | 40/41 | €28,270 | €10,839 | -€17,432 | -61.7% |
| Trade receivables | 40 | €27,678 | €9,239 | -€18,439 | -66.6% |
| Other amounts receivable | 41 | €592 | €1,599 | +€1,007 | +170% |
| Cash at bank and in hand | 54/58 | €8 | €54 | +€46 | +554% |
| Deferred charges and accrued income | 490/1 | €400 | €821 | +€422 | +105% |
| Total equity and liabilities | 10/49 | €35,858 | €11,898 | -€23,960 | -66.8% |
| Equity | 10/15 | -€11,523 | -€8,701 | +€2,821 | +24.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,791 | -€35,969 | +€2,821 | +7.3% |
| Amounts payable | 17/49 | €47,381 | €20,599 | -€26,782 | -56.5% |
| Amounts payable after more than one year | 17 | €4,158 | - | -€4,158 | |
| Financial debts | 170/4 | €4,158 | - | -€4,158 | |
| Amounts payable within one year | 42/48 | €42,964 | €20,046 | -€22,918 | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €4,425 | €5,079 | +€654 | +14.8% |
| Financial debts | 43 | €5,193 | €4,414 | -€779 | -15.0% |
| Credit institutions | 430/8 | €4,999 | €4,133 | -€866 | -17.3% |
| Other loans | 439 | €194 | €281 | +€86 | +44.5% |
| Trade debts | 44 | €16,250 | €3,187 | -€13,064 | -80.4% |
| Suppliers | 440/4 | €16,250 | €3,187 | -€13,064 | -80.4% |
| Taxes, remuneration and social security | 45 | €6,513 | €200 | -€6,314 | -96.9% |
| Taxes | 450/3 | €5,269 | €200 | -€5,070 | -96.2% |
| Remuneration and social security | 454/9 | €1,244 | - | -€1,244 | |
| Other amounts payable | 47/48 | €10,583 | €7,168 | -€3,415 | -32.3% |
| Accrued charges and deferred income | 492/3 | €259 | €553 | +€294 | +114% |
| Non-recurring operating income | 76A | €1,606 | - | -€1,606 | |
| Remuneration, social security and pensions | 62 | €1,586 | - | -€1,586 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,683 | €6,912 | -€771 | -10.0% |
| Other operating charges | 640/8 | €822 | €710 | -€112 | -13.6% |
| Non-recurring operating charges | 66A | €650 | - | -€650 | |
| Gross operating margin | 9900 | €22,467 | €10,946 | -€11,521 | -51.3% |
| Operating profit (loss) | 9901 | €11,725 | €3,324 | -€8,402 | -71.7% |
| Financial income | 75/76B | €614 | €1,529 | +€915 | +149% |
| Recurring financial income | 75 | €614 | €1,529 | +€915 | +149% |
| Financial charges | 65/66B | €3,515 | €2,031 | -€1,483 | -42.2% |
| Recurring financial charges | 65 | €3,515 | €2,031 | -€1,483 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €8,825 | €2,821 | -€6,003 | -68.0% |
| Profit (loss) for the period | 9904 | €8,825 | €2,821 | -€6,003 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,825 | €2,821 | -€6,003 | -68.0% |
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 13 October 2026 via checked.be.