M-Projects Technical Services: 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-Projects Technical Services
Largest movements
- Cash -€38,357
down €38,357 (-95.0%), from €40,380 to €2,023
mainly Other debts (-€56,449) and Tax, wage and social debts (-€17,803)
- Tangible fixed assets -€17,893
down €17,893 (-1.8%), from €993,946 to €976,053
of which Land and buildings: -€16,901
- Other debts -€56,449
down €56,449 (-4.7%), from €1.2m to €1.1m
- Tax, wage and social debts -€17,803
down €17,803 (-79.9%), from €22,275 to €4,473
- Purchases and services -€41,771
no longer reported in 2025 (was €41,771)
- Other operating charges -€35,184
down €35,184 (-80.4%), from €43,782 to €8,599
- Gross operating margin -€21,621
down €21,621 (-39.0%), from €55,504 to €33,883
- Depreciation +€13,874
up €13,874 (+151%), from €9,197 to €23,072
- Financial income -€3,000
down €3,000 (-100.0%), from €3,000 to €0
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 | €1,502,304 | €1,436,320 | -€65,984 | -4.4% |
| Fixed assets | 21/28 | €993,946 | €976,053 | -€17,893 | -1.8% |
| Tangible fixed assets | 22/27 | €993,946 | €976,053 | -€17,893 | -1.8% |
| Land and buildings | 22 | €989,200 | €972,299 | -€16,901 | -1.7% |
| Furniture and vehicles | 24 | €4,747 | €3,755 | -€992 | -20.9% |
| Current assets | 29/58 | €508,358 | €460,267 | -€48,091 | -9.5% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €416,935 | €408,244 | -€8,691 | -2.1% |
| Trade receivables | 40 | €416,926 | €408,235 | -€8,691 | -2.1% |
| Other amounts receivable | 41 | €10 | €10 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,380 | €2,023 | -€38,357 | -95.0% |
| Deferred charges and accrued income | 490/1 | €1,043 | - | -€1,043 | |
| Total equity and liabilities | 10/49 | €1,502,304 | €1,436,320 | -€65,984 | -4.4% |
| Equity | 10/15 | €162,215 | €163,603 | +€1,388 | +0.9% |
| Reserves | 13 | €162,215 | €163,603 | +€1,388 | +0.9% |
| Distributable reserves | 133 | €162,215 | €163,603 | +€1,388 | +0.9% |
| Amounts payable | 17/49 | €1,340,089 | €1,272,717 | -€67,372 | -5.0% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Financial debts | 170/4 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,220,089 | €1,152,717 | -€67,372 | -5.5% |
| Trade debts | 44 | €98 | €6,979 | +€6,881 | +6,990% |
| Suppliers | 440/4 | €98 | €6,979 | +€6,881 | +6,990% |
| Taxes, remuneration and social security | 45 | €22,275 | €4,473 | -€17,803 | -79.9% |
| Taxes | 450/3 | €22,275 | €4,473 | -€17,803 | -79.9% |
| Other amounts payable | 47/48 | €1,197,715 | €1,141,266 | -€56,449 | -4.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €41,771 | - | -€41,771 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,197 | €23,072 | +€13,874 | +151% |
| Other operating charges | 640/8 | €43,782 | €8,599 | -€35,184 | -80.4% |
| Gross operating margin | 9900 | €55,504 | €33,883 | -€21,621 | -39.0% |
| Operating profit (loss) | 9901 | €2,525 | €2,213 | -€312 | -12.3% |
| Financial income | 75/76B | €3,000 | €0 | -€3,000 | -100.0% |
| Recurring financial income | 75 | €3,000 | €0 | -€3,000 | -100.0% |
| Financial charges | 65/66B | €85 | €320 | +€235 | +277% |
| Recurring financial charges | 65 | €85 | €320 | +€235 | +277% |
| Profit (loss) for the period before taxes | 9903 | €5,440 | €1,893 | -€3,547 | -65.2% |
| Income taxes | 67/77 | €2,113 | €505 | -€1,608 | -76.1% |
| Profit (loss) for the period | 9904 | €3,327 | €1,388 | -€1,939 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,327 | €1,388 | -€1,939 | -58.3% |
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 25 October 2026 via checked.be.