M.M.T.: 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.
What changed
M.M.T.
NACE 25.210, Manufacture of fabricated metal products, except machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€25,040
2024 · €46,883-€21,843
Equity
€958,543
2024 · €933,502+€25,040
Cash
€157,574
2024 · €210,367-€52,792
Balance sheet total
€1.4m
2024 · €1.4m+€45,398
Largest movements
Assets
- Receivables within one year +€85,379
up €85,379 (+27.0%), from €315,875 to €401,254
of which Trade receivables: +€85,429
- Tangible fixed assets -€59,913
down €59,913 (-11.4%), from €526,845 to €466,932
of which Leasing and similar rights: -€41,291
- Stocks and contracts +€54,935
up €54,935 (+16.2%), from €338,897 to €393,833
- Cash -€52,792
down €52,792 (-25.1%), from €210,367 to €157,574
mainly Receivables within one year (-€85,379) and Stocks and contracts (-€54,935)
Equity and liabilities
- Trade debts +€53,946
up €53,946 (+41.3%), from €130,551 to €184,498
- Debts after one year -€50,486
down €50,486 (-23.9%), from €211,535 to €161,050
- Reserves +€25,040
up €25,040 (+2.7%), from €914,910 to €939,951
of which Distributable reserves: +€25,040
- Other debts +€21,041
up €21,041 (+102%), from €20,666 to €41,706
Income statement
- Staff costs +€66,628
up €66,628 (+14.1%), from €474,039 to €540,666
- Turnover +€34,891
up €34,891 (+2.1%), from €1.6m to €1.7m
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.
Result 2024
€46,883
Turnover
+€34,891
Other operating income
-€12,128
Goods and materials
-€8,866
Services and other goods
+€12,365
Staff costs
-€66,628
Depreciation
+€2,006
Write-downs
+€7,500
Other operating charges
-€3,929
Other operating items
+€9,246
Financial income
-€77
Financial charges
+€882
Taxes
+€2,895
Result 2025
€25,040
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€49,227
Investment
-€49,853
Financing
-€52,167
Cash 2024
€210,367
From operations (derived)
+€49,227
Net result for the year
+€25,040
Depreciation
+€103,746
Stocks and contracts
-€54,935
Receivables within one year
-€85,379
Deferred charges and accrued income
-€11,768
Trade debts
+€53,946
Tax, wage and social debts
+€1,508
Advances received
-€3,971
Other debts
+€21,041
Investment (derived)
-€49,853
Investment in fixed assets (net)
-€49,853
Financing
-€52,167
Debts after one year
-€50,486
Current portion of long-term debt
-€1,681
Cash 2025
€157,574
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,395,543 | €1,440,941 | +€45,398 | +3.3% |
| Fixed assets | 21/28 | €526,845 | €472,952 | -€53,893 | -10.2% |
| Intangible fixed assets | 21 | - | €6,020 | +€6,020 | |
| Tangible fixed assets | 22/27 | €526,845 | €466,932 | -€59,913 | -11.4% |
| Plant, machinery and equipment | 23 | €152,115 | €146,279 | -€5,836 | -3.8% |
| Furniture and vehicles | 24 | €37,427 | €26,927 | -€10,501 | -28.1% |
| Leasing and similar rights | 25 | €326,457 | €285,165 | -€41,291 | -12.6% |
| Other tangible fixed assets | 26 | €10,846 | €8,561 | -€2,285 | -21.1% |
| Current assets | 29/58 | €868,698 | €967,988 | +€99,290 | +11.4% |
| Stocks and contracts in progress | 3 | €338,897 | €393,833 | +€54,935 | +16.2% |
| Stocks | 30/36 | €338,897 | €393,833 | +€54,935 | +16.2% |
| Work in progress | 32 | €22,698 | €37,893 | +€15,195 | +66.9% |
| Finished goods | 33 | €32,944 | €46,669 | +€13,725 | +41.7% |
| Goods purchased for resale | 34 | €283,256 | €309,271 | +€26,015 | +9.2% |
| Amounts receivable within one year | 40/41 | €315,875 | €401,254 | +€85,379 | +27.0% |
| Trade receivables | 40 | €315,262 | €400,691 | +€85,429 | +27.1% |
| Other amounts receivable | 41 | €613 | €563 | -€50 | -8.2% |
| Cash at bank and in hand | 54/58 | €210,367 | €157,574 | -€52,792 | -25.1% |
| Deferred charges and accrued income | 490/1 | €3,559 | €15,327 | +€11,768 | +331% |
| Total equity and liabilities | 10/49 | €1,395,543 | €1,440,941 | +€45,398 | +3.3% |
| Equity | 10/15 | €933,502 | €958,543 | +€25,040 | +2.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €914,910 | €939,951 | +€25,040 | +2.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,688 | €48,688 | = | 0.0% |
| Distributable reserves | 133 | €864,363 | €889,403 | +€25,040 | +2.9% |
| Amounts payable | 17/49 | €462,041 | €482,398 | +€20,357 | +4.4% |
| Amounts payable after more than one year | 17 | €211,535 | €161,050 | -€50,486 | -23.9% |
| Financial debts | 170/4 | €211,535 | €161,050 | -€50,486 | -23.9% |
| Leasing and similar obligations | 172 | €211,535 | €161,050 | -€50,486 | -23.9% |
| Amounts payable within one year | 42/48 | €250,505 | €321,349 | +€70,843 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €52,167 | €50,486 | -€1,681 | -3.2% |
| Trade debts | 44 | €130,551 | €184,498 | +€53,946 | +41.3% |
| Suppliers | 440/4 | €130,551 | €184,498 | +€53,946 | +41.3% |
| Advances received on contracts in progress | 46 | €8,123 | €4,152 | -€3,971 | -48.9% |
| Taxes, remuneration and social security | 45 | €38,999 | €40,507 | +€1,508 | +3.9% |
| Taxes | 450/3 | €3,303 | €3,552 | +€249 | +7.5% |
| Remuneration and social security | 454/9 | €35,696 | €36,955 | +€1,259 | +3.5% |
| Other amounts payable | 47/48 | €20,666 | €41,706 | +€21,041 | +102% |
| Operating income | 70/76A | €1,708,670 | €1,740,679 | +€32,009 | +1.9% |
| Turnover | 70 | €1,627,857 | €1,662,748 | +€34,891 | +2.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€40,489 | €28,920 | +€69,410 | |
| Own construction capitalised | 72 | €96,442 | €35,928 | -€60,513 | -62.7% |
| Other operating income | 74 | €24,461 | €12,333 | -€12,128 | -49.6% |
| Non-recurring operating income | 76A | €400 | €750 | +€350 | +87.5% |
| Operating charges | 60/66A | €1,626,732 | €1,684,283 | +€57,551 | +3.5% |
| Goods for resale, raw materials and consumables | 60 | €601,047 | €609,913 | +€8,866 | +1.5% |
| Purchases | 600/8 | €558,781 | €635,928 | +€77,147 | +13.8% |
| Change in stocks: decrease (increase) | 609 | €42,266 | -€26,015 | -€68,281 | |
| Services and other goods | 61 | €439,796 | €427,431 | -€12,365 | -2.8% |
| Remuneration, social security and pensions | 62 | €474,039 | €540,666 | +€66,628 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,751 | €103,746 | -€2,006 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,750 | -€3,750 | -€7,500 | |
| Other operating charges | 640/8 | €2,349 | €6,277 | +€3,929 | +167% |
| Operating profit (loss) | 9901 | €81,938 | €56,396 | -€25,542 | -31.2% |
| Financial income | 75/76B | €502 | €425 | -€77 | -15.3% |
| Recurring financial income | 75 | €502 | €425 | -€77 | -15.3% |
| Other financial income | 752/9 | €502 | €425 | -€77 | -15.3% |
| Financial charges | 65/66B | €15,812 | €14,931 | -€882 | -5.6% |
| Recurring financial charges | 65 | €15,812 | €14,931 | -€882 | -5.6% |
| Debt charges | 650 | €14,083 | €12,549 | -€1,534 | -10.9% |
| Other financial charges | 652/9 | €1,729 | €2,381 | +€653 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €66,628 | €41,890 | -€24,737 | -37.1% |
| Income taxes | 67/77 | €19,745 | €16,850 | -€2,895 | -14.7% |
| Taxes | 670/3 | €21,038 | €16,850 | -€4,188 | -19.9% |
| Tax adjustments and reversals of tax provisions | 77 | €1,293 | €0 | -€1,293 | -100% |
| Profit (loss) for the period | 9904 | €46,883 | €25,040 | -€21,843 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,883 | €25,040 | -€21,843 | -46.6% |
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 1 November 2026 via checked.be.