M.T.A.V.: 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.V.
Largest movements
- Financial fixed assets +€5,653
up €5,653 (+2,757%), from €205 to €5,858
- Receivables within one year -€3,596
down €3,596 (-45.5%), from €7,909 to €4,313
- Cash -€2,290
down €2,290 (-42.8%), from €5,345 to €3,055
mainly Investment in fixed assets (net) (-€6,000) and Other debts (-€1,715)
- Other debts -€1,715
no longer reported in 2025 (was €1,715)
- Tax, wage and social debts +€1,515
up €1,515 (+33.2%), from €4,569 to €6,085
of which Remuneration and social security: +€859
- Profit (loss) carried forward -€530
down €530 (-16.9%), from €3,139 to €2,609
- Trade debts +€360
up €360 (+38.0%), from €947 to €1,306
- Turnover -€31,898
no longer reported in 2025 (was €31,898)
- Purchases and services -€25,927
no longer reported in 2025 (was €25,927)
- Staff costs +€14,037
up €14,037 (+173%), from €8,095 to €22,132
- Gross operating margin +€11,293
up €11,293 (+89.1%), from €12,678 to €23,970
- Financial charges -€1,043
down €1,043, from €39 to -€1,004
of which Financial charges: -€1,043
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 | €15,370 | €15,000 | -€371 | -2.4% |
| Formation expenses | 20 | €1,911 | €1,774 | -€137 | -7.2% |
| Fixed assets | 21/28 | €205 | €5,858 | +€5,653 | +2,757% |
| Financial fixed assets | 28 | €205 | €5,858 | +€5,653 | +2,757% |
| Current assets | 29/58 | €13,254 | €7,368 | -€5,886 | -44.4% |
| Amounts receivable within one year | 40/41 | €7,909 | €4,313 | -€3,596 | -45.5% |
| Trade receivables | 40 | €7,909 | €4,313 | -€3,596 | -45.5% |
| Cash at bank and in hand | 54/58 | €5,345 | €3,055 | -€2,290 | -42.8% |
| Total equity and liabilities | 10/49 | €15,370 | €15,000 | -€371 | -2.4% |
| Equity | 10/15 | €8,139 | €7,609 | -€530 | -6.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,139 | €2,609 | -€530 | -16.9% |
| Amounts payable | 17/49 | €7,231 | €7,391 | +€160 | +2.2% |
| Amounts payable within one year | 42/48 | €7,231 | €7,391 | +€160 | +2.2% |
| Trade debts | 44 | €947 | €1,306 | +€360 | +38.0% |
| Suppliers | 440/4 | €947 | €1,306 | +€360 | +38.0% |
| Taxes, remuneration and social security | 45 | €4,569 | €6,085 | +€1,515 | +33.2% |
| Taxes | 450/3 | €4,036 | €4,691 | +€656 | +16.2% |
| Remuneration and social security | 454/9 | €534 | €1,393 | +€859 | +161% |
| Other amounts payable | 47/48 | €1,715 | - | -€1,715 | |
| Turnover | 70 | €31,898 | - | -€31,898 | |
| Goods, raw materials, services and sundry goods | 60/61 | €25,927 | - | -€25,927 | |
| Remuneration, social security and pensions | 62 | €8,095 | €22,132 | +€14,037 | +173% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161 | €484 | +€323 | +200% |
| Other operating charges | 640/8 | €64 | €368 | +€304 | +475% |
| Gross operating margin | 9900 | €12,678 | €23,970 | +€11,293 | +89.1% |
| Operating profit (loss) | 9901 | €4,357 | €987 | -€3,371 | -77.4% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €39 | -€1,004 | -€1,043 | |
| Recurring financial charges | 65 | €39 | -€1,004 | -€1,043 | |
| Non-recurring financial charges | 66B | €39 | - | -€39 | |
| Profit (loss) for the period before taxes | 9903 | €4,319 | €1,998 | -€2,321 | -53.7% |
| Income taxes | 67/77 | €1,180 | €1,298 | +€118 | +10.0% |
| Profit (loss) for the period | 9904 | €3,139 | €700 | -€2,439 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,139 | €700 | -€2,439 | -77.7% |
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 16 October 2026 via checked.be.