MANTOR: 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.
MANTOR
Largest movements
- Cash -€5,200
down €5,200 (-14.7%), from €35,387 to €30,186
mainly Deferred charges and accrued income (-€2,465) and Contributions, distributions and other (-€1,666)
- Deferred charges and accrued income +€2,465
up €2,465 (+357.8%), from €689 to €3,154
- Receivables within one year +€1,245
up €1,245 (+11.7%), from €10,644 to €11,889
of which Other amounts receivable: +€1,245
- Reserves -€1,625
down €1,625 (-5.1%), from €32,132 to €30,507
of which Distributable reserves: -€1,625
- Gross operating margin -€843
down €843 (-23.4%), from €3,607 to €2,764
- Depreciation +€707
up €707 (+5113.5%), from €14 to €721
- Taxes -€386
down €386 (-21.7%), from €1,781 to €1,395
- Other operating charges -€235
down €235 (-33.6%), from €701 to €465
- Financial charges +€80
up €80 (+52.8%), from €152 to €231
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 | €63,910 | €61,967 | -€1,943 | -3.0% |
| Fixed assets | 21/28 | €1,884 | €1,432 | -€452 | -24.0% |
| Tangible fixed assets | 22/27 | €1,884 | €1,432 | -€452 | -24.0% |
| Land and buildings | 22 | €1,884 | €1,432 | -€452 | -24.0% |
| Current assets | 29/58 | €62,026 | €60,535 | -€1,491 | -2.4% |
| Amounts receivable within one year | 40/41 | €10,644 | €11,889 | +€1,245 | +11.7% |
| Trade receivables | 40 | €6,466 | €6,466 | = | 0.0% |
| Other amounts receivable | 41 | €4,178 | €5,423 | +€1,245 | +29.8% |
| Current investments | 50/53 | €15,307 | €15,307 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,387 | €30,186 | -€5,200 | -14.7% |
| Deferred charges and accrued income | 490/1 | €689 | €3,154 | +€2,465 | +357.8% |
| Total equity and liabilities | 10/49 | €63,910 | €61,967 | -€1,943 | -3.0% |
| Equity | 10/15 | €60,882 | €59,257 | -€1,625 | -2.7% |
| Contributions | 10/11 | €28,750 | €28,750 | = | 0.0% |
| Reserves | 13 | €32,132 | €30,507 | -€1,625 | -5.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €32,132 | €30,507 | -€1,625 | -5.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,028 | €2,710 | -€318 | -10.5% |
| Amounts payable within one year | 42/48 | €3,028 | €2,710 | -€318 | -10.5% |
| Trade debts | 44 | €1,187 | €1,044 | -€143 | -12.1% |
| Suppliers | 440/4 | €1,187 | €1,044 | -€143 | -12.1% |
| Taxes, remuneration and social security | 45 | €175 | €0 | -€175 | -100.0% |
| Taxes | 450/3 | €175 | €0 | -€175 | -100.0% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14 | €721 | +€707 | +5113.5% |
| Other operating charges | 640/8 | €701 | €465 | -€235 | -33.6% |
| Gross operating margin | 9900 | €3,607 | €2,764 | -€843 | -23.4% |
| Operating profit (loss) | 9901 | €2,893 | €1,578 | -€1,314 | -45.4% |
| Financial income | 75/76B | €97 | €90 | -€7 | -7.0% |
| Recurring financial income | 75 | €97 | €90 | -€7 | -7.0% |
| Financial charges | 65/66B | €152 | €231 | +€80 | +52.8% |
| Recurring financial charges | 65 | €152 | €231 | +€80 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €2,838 | €1,437 | -€1,401 | -49.4% |
| Income taxes | 67/77 | €1,781 | €1,395 | -€386 | -21.7% |
| Profit (loss) for the period | 9904 | €1,056 | €41 | -€1,015 | -96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,056 | €41 | -€1,015 | -96.1% |
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 10 October 2026 via checked.be.