MANTINA: 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.
MANTINA
Largest movements
- Receivables within one year +€5,800
up €5,800, from €0 to €5,800
of which Other amounts receivable: +€3,497
- Cash -€1,188
down €1,188 (-23.8%), from €4,999 to €3,811
mainly Net result for the year (-€21,545) and Receivables within one year (-€5,800)
- Tangible fixed assets -€1,114
down €1,114 (-2.1%), from €53,796 to €52,682
of which Land and buildings: -€3,247
- Deferred charges and accrued income +€797
up €797 (+125%), from €637 to €1,435
- Current portion of long-term debt +€23,500
up €23,500 (+48.0%), from €49,000 to €72,500
- Profit (loss) carried forward -€21,545
down €21,545 (-87.5%), from -€24,622 to -€46,167
- Trade debts +€7,203
up €7,203 (+1,035%), from €696 to €7,899
- Advances received -€3,998
down €3,998 (-23.7%), from €16,859 to €12,861
- Other operating charges +€6,158
up €6,158 (+111%), from €5,553 to €11,711
- Gross operating margin +€3,472
up €3,472 (+48.8%), from €7,114 to €10,587
- Staff costs +€3,281
up €3,281 (+30.9%), from €10,633 to €13,914
- Depreciation +€2,419
up €2,419 (+66.7%), from €3,630 to €6,049
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 | €66,933 | €71,378 | +€4,445 | +6.6% |
| Fixed assets | 21/28 | €61,296 | €60,332 | -€964 | -1.6% |
| Tangible fixed assets | 22/27 | €53,796 | €52,682 | -€1,114 | -2.1% |
| Land and buildings | 22 | €41,629 | €38,382 | -€3,247 | -7.8% |
| Plant, machinery and equipment | 23 | €9,296 | €11,777 | +€2,482 | +26.7% |
| Furniture and vehicles | 24 | €2,871 | €2,523 | -€348 | -12.1% |
| Financial fixed assets | 28 | €7,500 | €7,650 | +€150 | +2.0% |
| Current assets | 29/58 | €5,636 | €11,046 | +€5,409 | +96.0% |
| Amounts receivable within one year | 40/41 | €0 | €5,800 | +€5,800 | |
| Trade receivables | 40 | €0 | €2,303 | +€2,303 | |
| Other amounts receivable | 41 | - | €3,497 | +€3,497 | |
| Cash at bank and in hand | 54/58 | €4,999 | €3,811 | -€1,188 | -23.8% |
| Deferred charges and accrued income | 490/1 | €637 | €1,435 | +€797 | +125% |
| Total equity and liabilities | 10/49 | €66,933 | €71,378 | +€4,445 | +6.6% |
| Equity | 10/15 | -€9,250 | -€30,795 | -€21,545 | -233% |
| Contributions | 10/11 | €15,372 | €15,372 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,622 | -€46,167 | -€21,545 | -87.5% |
| Amounts payable | 17/49 | €76,183 | €102,173 | +€25,990 | +34.1% |
| Amounts payable within one year | 42/48 | €76,183 | €102,022 | +€25,840 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €49,000 | €72,500 | +€23,500 | +48.0% |
| Trade debts | 44 | €696 | €7,899 | +€7,203 | +1,035% |
| Suppliers | 440/4 | €696 | €7,899 | +€7,203 | +1,035% |
| Advances received on contracts in progress | 46 | €16,859 | €12,861 | -€3,998 | -23.7% |
| Taxes, remuneration and social security | 45 | €9,140 | €8,762 | -€377 | -4.1% |
| Taxes | 450/3 | €9,140 | €6,562 | -€2,577 | -28.2% |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €488 | €0 | -€488 | -100% |
| Accrued charges and deferred income | 492/3 | - | €151 | +€151 | |
| Remuneration, social security and pensions | 62 | €10,633 | €13,914 | +€3,281 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,630 | €6,049 | +€2,419 | +66.7% |
| Other operating charges | 640/8 | €5,553 | €11,711 | +€6,158 | +111% |
| Non-recurring operating charges | 66A | - | €300 | +€300 | |
| Gross operating margin | 9900 | €7,114 | €10,587 | +€3,472 | +48.8% |
| Operating profit (loss) | 9901 | -€12,702 | -€21,388 | -€8,686 | -68.4% |
| Financial income | 75/76B | €0 | €21 | +€21 | +5,733% |
| Recurring financial income | 75 | €0 | €21 | +€21 | +5,733% |
| Financial charges | 65/66B | €187 | €178 | -€9 | -4.8% |
| Recurring financial charges | 65 | €187 | €178 | -€9 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,889 | -€21,545 | -€8,656 | -67.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€12,889 | -€21,545 | -€8,656 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,889 | -€21,545 | -€8,656 | -67.2% |
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 13 October 2026 via checked.be.