M & L- Tech: 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.
M & L- Tech
Largest movements
- Tangible fixed assets +€415,831
up €415,831 (+45.0%), from €924,416 to €1.3m
of which Leasing and similar rights: +€367,330
- Cash +€171,620
up €171,620 (+170%), from €101,151 to €272,772
mainly Depreciation (+€341,822) and Short-term financial debts (+€250,008)
- Receivables within one year +€29,881
up €29,881 (+7.6%), from €394,664 to €424,545
of which Trade receivables: +€83,081
- Short-term financial debts +€250,008
up €250,008 (+687%), from €36,404 to €286,412
- Debts after one year +€221,867
up €221,867 (+35.4%), from €626,915 to €848,782
- Profit (loss) carried forward +€151,701
new in 2025: €151,701
- Other debts -€145,428
down €145,428 (-40.4%), from €360,000 to €214,572
- Current portion of long-term debt +€114,749
up €114,749 (+47.5%), from €241,556 to €356,305
- Staff costs +€503,567
up €503,567 (+119%), from €422,162 to €925,729
- Gross operating margin +€313,124
up €313,124 (+25.1%), from €1.2m to €1.6m
- Depreciation +€155,917
up €155,917 (+83.9%), from €185,905 to €341,822
- Taxes -€113,609
down €113,609 (-66.6%), from €170,629 to €57,019
- Financial charges +€33,048
up €33,048 (+150%), from €22,069 to €55,117
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 | €1,821,238 | €2,421,829 | +€600,591 | +33.0% |
| Fixed assets | 21/28 | €940,400 | €1,359,096 | +€418,696 | +44.5% |
| Intangible fixed assets | 21 | €15,984 | €18,848 | +€2,865 | +17.9% |
| Tangible fixed assets | 22/27 | €924,416 | €1,340,247 | +€415,831 | +45.0% |
| Plant, machinery and equipment | 23 | €89,389 | €99,490 | +€10,100 | +11.3% |
| Furniture and vehicles | 24 | €58,009 | €71,525 | +€13,516 | +23.3% |
| Leasing and similar rights | 25 | €749,664 | €1,116,994 | +€367,330 | +49.0% |
| Other tangible fixed assets | 26 | €27,355 | €52,239 | +€24,884 | +91.0% |
| Current assets | 29/58 | €880,838 | €1,062,733 | +€181,895 | +20.7% |
| Stocks and contracts in progress | 3 | €366,510 | €343,376 | -€23,134 | -6.3% |
| Contracts in progress | 37 | €366,510 | €343,376 | -€23,134 | -6.3% |
| Amounts receivable within one year | 40/41 | €394,664 | €424,545 | +€29,881 | +7.6% |
| Trade receivables | 40 | €278,003 | €361,084 | +€83,081 | +29.9% |
| Other amounts receivable | 41 | €116,660 | €63,461 | -€53,200 | -45.6% |
| Cash at bank and in hand | 54/58 | €101,151 | €272,772 | +€171,620 | +170% |
| Deferred charges and accrued income | 490/1 | €18,513 | €22,041 | +€3,528 | +19.1% |
| Total equity and liabilities | 10/49 | €1,821,238 | €2,421,829 | +€600,591 | +33.0% |
| Equity | 10/15 | €330,222 | €481,923 | +€151,701 | +45.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €311,622 | €311,622 | = | 0.0% |
| Distributable reserves | 133 | €311,622 | €311,622 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €151,701 | +€151,701 | |
| Amounts payable | 17/49 | €1,491,016 | €1,939,906 | +€448,890 | +30.1% |
| Amounts payable after more than one year | 17 | €626,915 | €848,782 | +€221,867 | +35.4% |
| Financial debts | 170/4 | €626,915 | €848,782 | +€221,867 | +35.4% |
| Amounts payable within one year | 42/48 | €864,101 | €1,091,124 | +€227,023 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €241,556 | €356,305 | +€114,749 | +47.5% |
| Financial debts | 43 | €36,404 | €286,412 | +€250,008 | +687% |
| Credit institutions | 430/8 | €36,404 | €286,412 | +€250,008 | +687% |
| Trade debts | 44 | €78,692 | €118,587 | +€39,895 | +50.7% |
| Suppliers | 440/4 | €78,692 | €118,587 | +€39,895 | +50.7% |
| Taxes, remuneration and social security | 45 | €147,448 | €115,248 | -€32,200 | -21.8% |
| Taxes | 450/3 | €120,629 | €16,520 | -€104,108 | -86.3% |
| Remuneration and social security | 454/9 | €26,820 | €98,728 | +€71,908 | +268% |
| Other amounts payable | 47/48 | €360,000 | €214,572 | -€145,428 | -40.4% |
| Non-recurring operating income | 76A | - | €8,050 | +€8,050 | |
| Remuneration, social security and pensions | 62 | €422,162 | €925,729 | +€503,567 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,905 | €341,822 | +€155,917 | +83.9% |
| Other operating charges | 640/8 | €19,535 | €29,186 | +€9,651 | +49.4% |
| Non-recurring operating charges | 66A | €3,832 | €2,013 | -€1,818 | -47.5% |
| Gross operating margin | 9900 | €1,249,464 | €1,562,587 | +€313,124 | +25.1% |
| Operating profit (loss) | 9901 | €618,031 | €263,837 | -€354,194 | -57.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €22,069 | €55,117 | +€33,048 | +150% |
| Recurring financial charges | 65 | €22,069 | €55,117 | +€33,048 | +150% |
| Profit (loss) for the period before taxes | 9903 | €595,962 | €208,720 | -€387,241 | -65.0% |
| Income taxes | 67/77 | €170,629 | €57,019 | -€113,609 | -66.6% |
| Profit (loss) for the period | 9904 | €425,333 | €151,701 | -€273,632 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €425,333 | €151,701 | -€273,632 | -64.3% |
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 15 October 2026 via checked.be.