M.N.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.
M.N.T.
Largest movements
- Tangible fixed assets +€24,732
up €24,732, from €0 to €24,732
of which Furniture and vehicles: +€24,732
- Receivables within one year -€11,275
down €11,275 (-22.2%), from €50,869 to €39,594
of which Other amounts receivable: -€20,443
- Cash +€3,339
up €3,339 (+49.6%), from €6,732 to €10,071
mainly Trade debts (+€13,581) and Receivables within one year (+€11,275)
- Trade debts +€13,581
up €13,581 (+250%), from €5,434 to €19,015
- Profit (loss) carried forward +€4,776
up €4,776 (+9.5%), from €50,460 to €55,235
- Tax, wage and social debts -€1,560
down €1,560 (-45.7%), from €3,416 to €1,856
- Staff costs -€10,833
no longer reported in 2025 (was €10,833)
- Gross operating margin -€9,982
down €9,982 (-47.6%), from €20,966 to €10,984
- Depreciation +€1,802
new in 2025: €1,802
- Other operating charges -€1,587
down €1,587 (-48.2%), from €3,289 to €1,702
- Financial charges +€1,127
up €1,127 (+401%), from €281 to €1,408
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 | €67,370 | €84,167 | +€16,797 | +24.9% |
| Fixed assets | 21/28 | €744 | €25,476 | +€24,732 | +3,326% |
| Tangible fixed assets | 22/27 | €0 | €24,732 | +€24,732 | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €24,732 | +€24,732 | |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €66,626 | €58,691 | -€7,936 | -11.9% |
| Stocks and contracts in progress | 3 | €9,025 | €9,025 | = | 0.0% |
| Stocks | 30/36 | €9,025 | €9,025 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,869 | €39,594 | -€11,275 | -22.2% |
| Trade receivables | 40 | €7,260 | €16,428 | +€9,168 | +126% |
| Other amounts receivable | 41 | €43,609 | €23,166 | -€20,443 | -46.9% |
| Cash at bank and in hand | 54/58 | €6,732 | €10,071 | +€3,339 | +49.6% |
| Total equity and liabilities | 10/49 | €67,370 | €84,167 | +€16,797 | +24.9% |
| Equity | 10/15 | €58,520 | €63,295 | +€4,776 | +8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,460 | €55,235 | +€4,776 | +9.5% |
| Amounts payable | 17/49 | €8,850 | €20,871 | +€12,021 | +136% |
| Amounts payable within one year | 42/48 | €8,850 | €20,871 | +€12,021 | +136% |
| Trade debts | 44 | €5,434 | €19,015 | +€13,581 | +250% |
| Suppliers | 440/4 | €5,434 | €19,015 | +€13,581 | +250% |
| Taxes, remuneration and social security | 45 | €3,416 | €1,856 | -€1,560 | -45.7% |
| Taxes | 450/3 | €3,416 | €1,856 | -€1,560 | -45.7% |
| Remuneration, social security and pensions | 62 | €10,833 | - | -€10,833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,802 | +€1,802 | |
| Other operating charges | 640/8 | €3,289 | €1,702 | -€1,587 | -48.2% |
| Gross operating margin | 9900 | €20,966 | €10,984 | -€9,982 | -47.6% |
| Operating profit (loss) | 9901 | €6,844 | €7,480 | +€636 | +9.3% |
| Financial income | 75/76B | €825 | - | -€825 | |
| Recurring financial income | 75 | €825 | - | -€825 | |
| Financial charges | 65/66B | €281 | €1,408 | +€1,127 | +401% |
| Recurring financial charges | 65 | €281 | €1,408 | +€1,127 | +401% |
| Profit (loss) for the period before taxes | 9903 | €7,388 | €6,072 | -€1,316 | -17.8% |
| Income taxes | 67/77 | €1,637 | €1,296 | -€340 | -20.8% |
| Profit (loss) for the period | 9904 | €5,751 | €4,776 | -€976 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,751 | €4,776 | -€976 | -17.0% |
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 18 October 2026 via checked.be.