M.T.A.: what changed
Two fiscal 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.T.A.
Largest movements
- Receivables within one year -€700
down €700 (-12.4%), from €5,652 to €4,953
- Cash -€444
down €444 (-15.7%), from €2,825 to €2,381
mainly Net result for the year (-€1,144)
- Profit (loss) carried forward -€1,144
down €1,144 (-0.3%), from -€400,060 to -€401,204
- Financial charges -€337,131
down €337,131 (-100.0%), from €337,284 to €153
of which Non-recurring financial charges: -€337,113
- Other operating charges +€797
up €797 (+730.8%), from €109 to €906
- Gross operating margin +€302
up €302 (+78.0%), from -€387 to -€85
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,703 | €21,559 | -€1,144 | -5.0% |
| Fixed assets | 21/28 | €14,226 | €14,226 | = | 0.0% |
| Financial fixed assets | 28 | €14,226 | €14,226 | = | 0.0% |
| Current assets | 29/58 | €8,477 | €7,333 | -€1,144 | -13.5% |
| Amounts receivable within one year | 40/41 | €5,652 | €4,953 | -€700 | -12.4% |
| Other amounts receivable | 41 | €5,652 | €4,953 | -€700 | -12.4% |
| Cash at bank and in hand | 54/58 | €2,825 | €2,381 | -€444 | -15.7% |
| Total equity and liabilities | 10/49 | €22,703 | €21,559 | -€1,144 | -5.0% |
| Equity | 10/15 | -€342,001 | -€343,145 | -€1,144 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,459 | €39,459 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,599 | €37,599 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€400,060 | -€401,204 | -€1,144 | -0.3% |
| Amounts payable | 17/49 | €364,704 | €364,704 | +€0 | 0.0% |
| Amounts payable after more than one year | 17 | €362,500 | €362,500 | = | 0.0% |
| Financial debts | 170/4 | €362,500 | €362,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,204 | €2,204 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €2,204 | €2,204 | +€0 | 0.0% |
| Other operating charges | 640/8 | €109 | €906 | +€797 | +730.8% |
| Gross operating margin | 9900 | -€387 | -€85 | +€302 | +78.0% |
| Operating profit (loss) | 9901 | -€496 | -€991 | -€495 | -99.8% |
| Financial charges | 65/66B | €337,284 | €153 | -€337,131 | -100.0% |
| Recurring financial charges | 65 | €171 | €153 | -€18 | -10.4% |
| Non-recurring financial charges | 66B | €337,113 | - | -€337,113 | |
| Profit (loss) for the period before taxes | 9903 | -€337,780 | -€1,144 | +€336,636 | +99.7% |
| Profit (loss) for the period | 9904 | -€337,780 | -€1,144 | +€336,636 | +99.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€337,780 | -€1,144 | +€336,636 | +99.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.