MANTON: 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.
MANTON
Largest movements
- Cash -€28,890
down €28,890 (-45.1%), from €64,122 to €35,232
mainly Net result for the year (-€29,836) and Trade debts (-€2,644)
- Tangible fixed assets -€3,305
down €3,305 (-88.6%), from €3,728 to €424
- Profit (loss) carried forward -€27,237
new in 2025: -€27,237
- Trade debts -€2,644
down €2,644 (-24.6%), from €10,767 to €8,123
- Reserves -€2,599
down €2,599 (-2.6%), from €99,795 to €97,196
of which Distributable reserves: -€2,599
- Tax, wage and social debts -€2,533
down €2,533 (-25.5%), from €9,948 to €7,415
of which Taxes: -€2,097
- Gross operating margin -€57,936
down €57,936, from €48,510 to -€9,426
- Taxes -€4,881
down €4,881 (-100.0%), from €4,881 to €0
- Staff costs -€3,820
down €3,820 (-19.2%), from €19,850 to €16,029
- Depreciation -€566
down €566 (-18.4%), from €3,076 to €2,510
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 | €139,099 | €104,087 | -€35,013 | -25.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,628 | €674 | -€3,955 | -85.4% |
| Intangible fixed assets | 21 | €650 | €0 | -€650 | -100.0% |
| Tangible fixed assets | 22/27 | €3,728 | €424 | -€3,305 | -88.6% |
| Plant, machinery and equipment | 23 | €1,141 | €0 | -€1,141 | -100.0% |
| Furniture and vehicles | 24 | €863 | €259 | -€604 | -70.0% |
| Other tangible fixed assets | 26 | €1,724 | €165 | -€1,560 | -90.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €134,471 | €103,413 | -€31,058 | -23.1% |
| Stocks and contracts in progress | 3 | €4,025 | €2,791 | -€1,234 | -30.7% |
| Stocks | 30/36 | €4,025 | €2,791 | -€1,234 | -30.7% |
| Amounts receivable within one year | 40/41 | €65,165 | €64,658 | -€507 | -0.8% |
| Trade receivables | 40 | €1,096 | €826 | -€269 | -24.6% |
| Other amounts receivable | 41 | €64,070 | €63,832 | -€238 | -0.4% |
| Cash at bank and in hand | 54/58 | €64,122 | €35,232 | -€28,890 | -45.1% |
| Deferred charges and accrued income | 490/1 | €1,158 | €731 | -€427 | -36.9% |
| Total equity and liabilities | 10/49 | €139,099 | €104,087 | -€35,013 | -25.2% |
| Equity | 10/15 | €118,385 | €88,548 | -€29,836 | -25.2% |
| Contributions | 10/11 | €18,590 | €18,590 | = | 0.0% |
| Reserves | 13 | €99,795 | €97,196 | -€2,599 | -2.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €99,795 | €97,196 | -€2,599 | -2.6% |
| Profit (loss) carried forward | 14 | - | -€27,237 | -€27,237 | |
| Amounts payable | 17/49 | €20,715 | €15,538 | -€5,176 | -25.0% |
| Amounts payable within one year | 42/48 | €20,715 | €15,538 | -€5,176 | -25.0% |
| Trade debts | 44 | €10,767 | €8,123 | -€2,644 | -24.6% |
| Suppliers | 440/4 | €10,767 | €8,123 | -€2,644 | -24.6% |
| Taxes, remuneration and social security | 45 | €9,948 | €7,415 | -€2,533 | -25.5% |
| Taxes | 450/3 | €8,188 | €6,091 | -€2,097 | -25.6% |
| Remuneration and social security | 454/9 | €1,759 | €1,324 | -€435 | -24.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €19,850 | €16,029 | -€3,820 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,076 | €2,510 | -€566 | -18.4% |
| Other operating charges | 640/8 | €3,050 | €3,168 | +€118 | +3.9% |
| Non-recurring operating charges | 66A | - | €1,444 | +€1,444 | |
| Gross operating margin | 9900 | €48,510 | -€9,426 | -€57,936 | |
| Operating profit (loss) | 9901 | €22,534 | -€32,578 | -€55,112 | |
| Financial income | 75/76B | €3,359 | €3,148 | -€211 | -6.3% |
| Recurring financial income | 75 | €3,359 | €3,148 | -€211 | -6.3% |
| Financial charges | 65/66B | €380 | €406 | +€26 | +6.7% |
| Recurring financial charges | 65 | €380 | €406 | +€26 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €25,513 | -€29,836 | -€55,349 | |
| Income taxes | 67/77 | €4,881 | €0 | -€4,881 | -100.0% |
| Profit (loss) for the period | 9904 | €20,632 | -€29,836 | -€50,468 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,632 | -€29,836 | -€50,468 |
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 29 September 2026 via checked.be.