MANTO: 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.
MANTO
Largest movements
- Stocks and contracts +€5,563
up €5,563 (+130.4%), from €4,266 to €9,829
- Receivables within one year +€1,558
up €1,558 (+28.4%), from €5,481 to €7,039
of which Trade receivables: +€3,999
- Cash -€1,227
down €1,227 (-34.8%), from €3,529 to €2,302
mainly Stocks and contracts (-€5,563) and Net result for the year (-€3,247)
- Other debts +€9,319
new in 2025: €9,319
- Profit (loss) carried forward -€3,247
down €3,247 (-31.7%), from €10,246 to €6,999
- Tax, wage and social debts -€1,300
down €1,300 (-18.6%), from €6,999 to €5,698
of which Remuneration and social security: -€1,265
- Trade debts +€1,180
up €1,180 (+220.9%), from €534 to €1,714
- Gross operating margin -€8,432
down €8,432 (-55.5%), from €15,203 to €6,771
- Staff costs +€7,476
new in 2025: €7,476
- Taxes -€3,229
down €3,229, from €2,939 to -€291
- Depreciation +€669
up €669 (+69.3%), from €966 to €1,634
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 | €20,778 | €26,865 | +€6,087 | +29.3% |
| Fixed assets | 21/28 | €5,714 | €5,890 | +€176 | +3.1% |
| Tangible fixed assets | 22/27 | €5,714 | €5,890 | +€176 | +3.1% |
| Plant, machinery and equipment | 23 | €3,762 | €3,464 | -€298 | -7.9% |
| Furniture and vehicles | 24 | €583 | €1,025 | +€441 | +75.7% |
| Other tangible fixed assets | 26 | €1,369 | €1,401 | +€32 | +2.4% |
| Current assets | 29/58 | €15,064 | €20,975 | +€5,911 | +39.2% |
| Stocks and contracts in progress | 3 | €4,266 | €9,829 | +€5,563 | +130.4% |
| Stocks | 30/36 | €4,266 | €9,829 | +€5,563 | +130.4% |
| Amounts receivable within one year | 40/41 | €5,481 | €7,039 | +€1,558 | +28.4% |
| Trade receivables | 40 | - | €3,999 | +€3,999 | |
| Other amounts receivable | 41 | €5,481 | €3,040 | -€2,441 | -44.5% |
| Cash at bank and in hand | 54/58 | €3,529 | €2,302 | -€1,227 | -34.8% |
| Deferred charges and accrued income | 490/1 | €1,789 | €1,806 | +€17 | +0.9% |
| Total equity and liabilities | 10/49 | €20,778 | €26,865 | +€6,087 | +29.3% |
| Equity | 10/15 | €13,246 | €9,999 | -€3,247 | -24.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,246 | €6,999 | -€3,247 | -31.7% |
| Amounts payable | 17/49 | €7,533 | €16,867 | +€9,334 | +123.9% |
| Amounts payable within one year | 42/48 | €7,533 | €16,731 | +€9,199 | +122.1% |
| Trade debts | 44 | €534 | €1,714 | +€1,180 | +220.9% |
| Suppliers | 440/4 | €534 | €1,714 | +€1,180 | +220.9% |
| Taxes, remuneration and social security | 45 | €6,999 | €5,698 | -€1,300 | -18.6% |
| Taxes | 450/3 | €4,799 | €4,763 | -€35 | -0.7% |
| Remuneration and social security | 454/9 | €2,200 | €935 | -€1,265 | -57.5% |
| Other amounts payable | 47/48 | - | €9,319 | +€9,319 | |
| Accrued charges and deferred income | 492/3 | - | €135 | +€135 | |
| Remuneration, social security and pensions | 62 | - | €7,476 | +€7,476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €966 | €1,634 | +€669 | +69.3% |
| Other operating charges | 640/8 | €933 | €999 | +€66 | +7.0% |
| Gross operating margin | 9900 | €15,203 | €6,771 | -€8,432 | -55.5% |
| Operating profit (loss) | 9901 | €13,304 | -€3,338 | -€16,642 | |
| Financial income | 75/76B | €51 | €89 | +€37 | +72.7% |
| Recurring financial income | 75 | €51 | €89 | +€37 | +72.7% |
| Financial charges | 65/66B | €171 | €289 | +€117 | +68.4% |
| Recurring financial charges | 65 | €171 | €289 | +€117 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €13,184 | -€3,538 | -€16,722 | |
| Income taxes | 67/77 | €2,939 | -€291 | -€3,229 | |
| Profit (loss) for the period | 9904 | €10,246 | -€3,247 | -€13,493 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,246 | -€3,247 | -€13,493 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.