MANTIQUES: 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.
MANTIQUES
Largest movements
- Tangible fixed assets +€18,542
up €18,542 (+4.8%), from €388,360 to €406,902
of which Land and buildings: +€16,443
- Stocks and contracts -€12,260
down €12,260 (-62.0%), from €19,785 to €7,526
- Receivables within one year +€12,045
up €12,045 (+161%), from €7,504 to €19,549
of which Trade receivables: +€12,100
- Debts after one year +€54,656
up €54,656 (+76.2%), from €71,722 to €126,378
- Profit (loss) carried forward -€50,685
down €50,685 (-130%), from -€38,861 to -€89,546
- Other debts -€7,811
down €7,811 (-70.3%), from €11,115 to €3,303
- Trade debts +€7,733
up €7,733 (+99.4%), from €7,783 to €15,516
- Tax, wage and social debts +€7,012
up €7,012 (+349%), from €2,009 to €9,021
of which Remuneration and social security: +€6,270
- Gross operating margin -€35,650
down €35,650, from €29,976 to -€5,674
- Depreciation +€4,137
up €4,137 (+14.6%), from €28,416 to €32,554
- Financial charges +€3,685
up €3,685 (+126%), from €2,919 to €6,604
- Other operating charges +€824
up €824 (+16.2%), from €5,091 to €5,915
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 | €423,425 | €438,160 | +€14,735 | +3.5% |
| Fixed assets | 21/28 | €388,360 | €406,902 | +€18,542 | +4.8% |
| Tangible fixed assets | 22/27 | €388,360 | €406,902 | +€18,542 | +4.8% |
| Land and buildings | 22 | €384,256 | €400,699 | +€16,443 | +4.3% |
| Plant, machinery and equipment | 23 | €2,525 | €1,741 | -€784 | -31.0% |
| Furniture and vehicles | 24 | €935 | €410 | -€525 | -56.2% |
| Other tangible fixed assets | 26 | €644 | €4,052 | +€3,408 | +529% |
| Current assets | 29/58 | €35,064 | €31,258 | -€3,806 | -10.9% |
| Stocks and contracts in progress | 3 | €19,785 | €7,526 | -€12,260 | -62.0% |
| Stocks | 30/36 | €19,785 | €7,526 | -€12,260 | -62.0% |
| Amounts receivable within one year | 40/41 | €7,504 | €19,549 | +€12,045 | +161% |
| Trade receivables | 40 | €7,260 | €19,360 | +€12,100 | +167% |
| Other amounts receivable | 41 | €244 | €189 | -€54 | -22.3% |
| Cash at bank and in hand | 54/58 | €5,744 | €2,451 | -€3,293 | -57.3% |
| Deferred charges and accrued income | 490/1 | €2,031 | €1,733 | -€299 | -14.7% |
| Total equity and liabilities | 10/49 | €423,425 | €438,160 | +€14,735 | +3.5% |
| Equity | 10/15 | €296,889 | €246,204 | -€50,685 | -17.1% |
| Contributions | 10/11 | €304,029 | €304,029 | = | 0.0% |
| Reserves | 13 | €31,720 | €31,720 | = | 0.0% |
| Distributable reserves | 133 | €31,720 | €31,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,861 | -€89,546 | -€50,685 | -130% |
| Amounts payable | 17/49 | €126,536 | €191,957 | +€65,421 | +51.7% |
| Amounts payable after more than one year | 17 | €71,722 | €126,378 | +€54,656 | +76.2% |
| Financial debts | 170/4 | €71,722 | €126,378 | +€54,656 | +76.2% |
| Amounts payable within one year | 42/48 | €54,814 | €65,578 | +€10,764 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €33,908 | €37,739 | +€3,830 | +11.3% |
| Trade debts | 44 | €7,783 | €15,516 | +€7,733 | +99.4% |
| Suppliers | 440/4 | €7,783 | €15,516 | +€7,733 | +99.4% |
| Taxes, remuneration and social security | 45 | €2,009 | €9,021 | +€7,012 | +349% |
| Taxes | 450/3 | €492 | €1,234 | +€742 | +151% |
| Remuneration and social security | 454/9 | €1,517 | €7,787 | +€6,270 | +413% |
| Other amounts payable | 47/48 | €11,115 | €3,303 | -€7,811 | -70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,416 | €32,554 | +€4,137 | +14.6% |
| Other operating charges | 640/8 | €5,091 | €5,915 | +€824 | +16.2% |
| Non-recurring operating charges | 66A | €51 | €0 | -€51 | -100% |
| Gross operating margin | 9900 | €29,976 | -€5,674 | -€35,650 | |
| Operating profit (loss) | 9901 | -€3,582 | -€44,142 | -€40,560 | -1,132% |
| Financial income | 75/76B | €50 | €64 | +€14 | +27.7% |
| Recurring financial income | 75 | €50 | €64 | +€14 | +27.7% |
| Financial charges | 65/66B | €2,919 | €6,604 | +€3,685 | +126% |
| Recurring financial charges | 65 | €2,919 | €6,604 | +€3,685 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€6,452 | -€50,683 | -€44,231 | -686% |
| Income taxes | 67/77 | €0 | €2 | +€2 | +1,394% |
| Profit (loss) for the period | 9904 | -€6,452 | -€50,685 | -€44,233 | -686% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,452 | -€50,685 | -€44,233 | -686% |
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 25 October 2026 via checked.be.