M.T.C.: 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.C.
Largest movements
- Cash +€12,820
up €12,820 (+50.1%), from €25,601 to €38,421
mainly Net result for the year (+€48,936) and Other debts (+€14,028)
- Stocks and contracts -€5,300
down €5,300 (-3.4%), from €153,826 to €148,526
- Receivables within one year +€2,927
up €2,927 (+19.1%), from €15,349 to €18,276
of which Trade receivables: +€2,593
- Profit (loss) carried forward +€48,936
up €48,936 (+17.3%), from -€283,664 to -€234,728
- Debts after one year -€35,000
down €35,000 (-9.7%), from €360,000 to €325,000
- Trade debts -€16,686
down €16,686 (-51.4%), from €32,455 to €15,768
- Other debts +€14,028
up €14,028 (+22.5%), from €62,439 to €76,467
- Gross operating margin +€33,464
up €33,464 (+66.5%), from €50,349 to €83,813
- Financial charges -€1,064
down €1,064 (-53.9%), from €1,973 to €909
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.
Cash bridge derived
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 | €198,944 | €208,774 | +€9,830 | +4.9% |
| Fixed assets | 21/28 | €3,551 | €3,551 | = | 0.0% |
| Financial fixed assets | 28 | €3,551 | €3,551 | = | 0.0% |
| Current assets | 29/58 | €195,393 | €205,223 | +€9,830 | +5.0% |
| Stocks and contracts in progress | 3 | €153,826 | €148,526 | -€5,300 | -3.4% |
| Stocks | 30/36 | €153,826 | €148,526 | -€5,300 | -3.4% |
| Amounts receivable within one year | 40/41 | €15,349 | €18,276 | +€2,927 | +19.1% |
| Trade receivables | 40 | €15,279 | €17,873 | +€2,593 | +17.0% |
| Other amounts receivable | 41 | €70 | €403 | +€334 | +479.1% |
| Cash at bank and in hand | 54/58 | €25,601 | €38,421 | +€12,820 | +50.1% |
| Deferred charges and accrued income | 490/1 | €617 | €0 | -€617 | -100.0% |
| Total equity and liabilities | 10/49 | €198,944 | €208,774 | +€9,830 | +4.9% |
| Equity | 10/15 | -€263,925 | -€214,989 | +€48,936 | +18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,139 | €1,139 | = | 0.0% |
| Distributable reserves | 133 | €1,139 | €1,139 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€283,664 | -€234,728 | +€48,936 | +17.3% |
| Amounts payable | 17/49 | €462,869 | €423,763 | -€39,105 | -8.4% |
| Amounts payable after more than one year | 17 | €360,000 | €325,000 | -€35,000 | -9.7% |
| Financial debts | 170/4 | €360,000 | €325,000 | -€35,000 | -9.7% |
| Amounts payable within one year | 42/48 | €102,869 | €98,763 | -€4,105 | -4.0% |
| Trade debts | 44 | €32,455 | €15,768 | -€16,686 | -51.4% |
| Suppliers | 440/4 | €32,455 | €15,768 | -€16,686 | -51.4% |
| Taxes, remuneration and social security | 45 | €7,975 | €6,528 | -€1,447 | -18.1% |
| Taxes | 450/3 | €2,770 | €3,648 | +€878 | +31.7% |
| Remuneration and social security | 454/9 | €5,205 | €2,880 | -€2,325 | -44.7% |
| Other amounts payable | 47/48 | €62,439 | €76,467 | +€14,028 | +22.5% |
| Remuneration, social security and pensions | 62 | €28,723 | €28,910 | +€187 | +0.6% |
| Other operating charges | 640/8 | €5,853 | €5,162 | -€692 | -11.8% |
| Gross operating margin | 9900 | €50,349 | €83,813 | +€33,464 | +66.5% |
| Operating profit (loss) | 9901 | €15,773 | €49,741 | +€33,969 | +215.4% |
| Financial income | 75/76B | €2 | €103 | +€101 | +4971.1% |
| Recurring financial income | 75 | €2 | €103 | +€101 | +4971.1% |
| Financial charges | 65/66B | €1,973 | €909 | -€1,064 | -53.9% |
| Recurring financial charges | 65 | €1,973 | €909 | -€1,064 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €13,801 | €48,936 | +€35,134 | +254.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €13,801 | €48,936 | +€35,134 | +254.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,801 | €48,936 | +€35,134 | +254.6% |
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 9 October 2026 via checked.be.