M.T.A. EXPRESS: 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.T.A. EXPRESS
Largest movements
- Intangible fixed assets +€31,500
new in 2023: €31,500
- Tangible fixed assets -€4,539
down €4,539 (-31.0%), from €14,664 to €10,125
- Cash -€2,935
down €2,935 (-29.4%), from €10,000 to €7,065
mainly Investment in fixed assets (net) (-€33,836) and Trade debts (-€16,335)
- Receivables within one year -€1,418
no longer reported in 2023 (was €1,418)
- Other debts +€50,116
new in 2023: €50,116
- Trade debts -€16,335
no longer reported in 2023 (was €16,335)
- Profit (loss) carried forward -€11,173
down €11,173 (-4,409%), from -€253 to -€11,426
- Depreciation +€6,622
up €6,622 (+2,613%), from €253 to €6,875
- Gross operating margin -€4,493
new in 2023: -€4,493
- Purchases and services +€4,493
new in 2023: €4,493
- Financial charges +€58
new in 2023: €58
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,082 | €48,690 | +€22,608 | +86.7% |
| Fixed assets | 21/28 | €14,664 | €41,625 | +€26,961 | +184% |
| Intangible fixed assets | 21 | - | €31,500 | +€31,500 | |
| Tangible fixed assets | 22/27 | €14,664 | €10,125 | -€4,539 | -31.0% |
| Furniture and vehicles | 24 | €14,664 | €10,125 | -€4,539 | -31.0% |
| Current assets | 29/58 | €11,418 | €7,065 | -€4,353 | -38.1% |
| Amounts receivable within one year | 40/41 | €1,418 | - | -€1,418 | |
| Other amounts receivable | 41 | €1,418 | - | -€1,418 | |
| Cash at bank and in hand | 54/58 | €10,000 | €7,065 | -€2,935 | -29.4% |
| Total equity and liabilities | 10/49 | €26,082 | €48,690 | +€22,608 | +86.7% |
| Equity | 10/15 | €9,747 | -€1,426 | -€11,173 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253 | -€11,426 | -€11,173 | -4,409% |
| Amounts payable | 17/49 | €16,335 | €50,116 | +€33,781 | +207% |
| Amounts payable within one year | 42/48 | €16,335 | €50,116 | +€33,781 | +207% |
| Trade debts | 44 | €16,335 | - | -€16,335 | |
| Suppliers | 440/4 | €16,335 | - | -€16,335 | |
| Other amounts payable | 47/48 | - | €50,116 | +€50,116 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €4,493 | +€4,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253 | €6,875 | +€6,622 | +2,613% |
| Operating charges capitalised as restructuring costs | 649 | - | -€253 | -€253 | |
| Gross operating margin | 9900 | - | -€4,493 | -€4,493 | |
| Operating profit (loss) | 9901 | -€253 | -€11,115 | -€10,862 | -4,287% |
| Financial charges | 65/66B | - | €58 | +€58 | |
| Recurring financial charges | 65 | - | €58 | +€58 | |
| Profit (loss) for the period before taxes | 9903 | -€253 | -€11,173 | -€10,920 | -4,309% |
| Profit (loss) for the period | 9904 | -€253 | -€11,173 | -€10,920 | -4,309% |
| Profit (loss) for the period to be appropriated | 9905 | -€253 | -€11,173 | -€10,920 | -4,309% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.