MANTIZ: 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.
MANTIZ
Largest movements
- Receivables within one year +€20,064
up €20,064 (+30.8%), from €65,094 to €85,157
of which Other amounts receivable: +€25,715
- Tangible fixed assets -€6,395
down €6,395 (-27.3%), from €23,422 to €17,027
of which Plant, machinery and equipment: -€3,401
- Reserves +€22,612
up €22,612 (+12.8%), from €177,153 to €199,765
of which Distributable reserves: +€22,612
- Debts after one year -€11,395
down €11,395 (-29.5%), from €38,664 to €27,269
- Trade debts -€2,824
down €2,824 (-59.4%), from €4,754 to €1,930
- Gross operating margin -€23,053
down €23,053 (-34.3%), from €67,253 to €44,200
- Taxes -€7,021
down €7,021 (-33.8%), from €20,791 to €13,770
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 | €260,772 | €270,419 | +€9,647 | +3.7% |
| Fixed assets | 21/28 | €156,327 | €149,932 | -€6,395 | -4.1% |
| Tangible fixed assets | 22/27 | €23,422 | €17,027 | -€6,395 | -27.3% |
| Plant, machinery and equipment | 23 | €11,365 | €7,964 | -€3,401 | -29.9% |
| Furniture and vehicles | 24 | €12,056 | €9,063 | -€2,994 | -24.8% |
| Financial fixed assets | 28 | €132,905 | €132,905 | = | 0.0% |
| Current assets | 29/58 | €104,446 | €120,487 | +€16,042 | +15.4% |
| Amounts receivable within one year | 40/41 | €65,094 | €85,157 | +€20,064 | +30.8% |
| Trade receivables | 40 | €29,011 | €23,361 | -€5,651 | -19.5% |
| Other amounts receivable | 41 | €36,082 | €61,797 | +€25,715 | +71.3% |
| Cash at bank and in hand | 54/58 | €24,714 | €22,393 | -€2,321 | -9.4% |
| Deferred charges and accrued income | 490/1 | €14,637 | €12,937 | -€1,701 | -11.6% |
| Total equity and liabilities | 10/49 | €260,772 | €270,419 | +€9,647 | +3.7% |
| Equity | 10/15 | €183,353 | €205,965 | +€22,612 | +12.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €177,153 | €199,765 | +€22,612 | +12.8% |
| 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 | €175,293 | €197,905 | +€22,612 | +12.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,419 | €64,454 | -€12,965 | -16.7% |
| Amounts payable after more than one year | 17 | €38,664 | €27,269 | -€11,395 | -29.5% |
| Financial debts | 170/4 | €38,664 | €27,269 | -€11,395 | -29.5% |
| Amounts payable within one year | 42/48 | €38,638 | €37,169 | -€1,468 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €11,224 | €11,395 | +€171 | +1.5% |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Credit institutions | 430/8 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €4,754 | €1,930 | -€2,824 | -59.4% |
| Suppliers | 440/4 | €4,754 | €1,930 | -€2,824 | -59.4% |
| Taxes, remuneration and social security | 45 | €7,660 | €8,844 | +€1,184 | +15.5% |
| Taxes | 450/3 | €7,660 | €8,760 | +€1,101 | +14.4% |
| Remuneration and social security | 454/9 | €0 | €84 | +€84 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €117 | €15 | -€102 | -87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,202 | €6,395 | +€193 | +3.1% |
| Other operating charges | 640/8 | €741 | €1,151 | +€410 | +55.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €67,253 | €44,200 | -€23,053 | -34.3% |
| Operating profit (loss) | 9901 | €60,310 | €36,655 | -€23,655 | -39.2% |
| Financial income | 75/76B | €696 | €1,169 | +€473 | +68.0% |
| Recurring financial income | 75 | €696 | €1,169 | +€473 | +68.0% |
| Financial charges | 65/66B | €1,326 | €1,442 | +€117 | +8.8% |
| Recurring financial charges | 65 | €1,326 | €1,442 | +€117 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €59,680 | €36,382 | -€23,298 | -39.0% |
| Income taxes | 67/77 | €20,791 | €13,770 | -€7,021 | -33.8% |
| Profit (loss) for the period | 9904 | €38,889 | €22,612 | -€16,277 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,889 | €22,612 | -€16,277 | -41.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.