M.T. & C.C.S.: what changed
M.T. & C.C.S.
Largest movements
- Tangible fixed assets +€117,628
up €117,628 (+26.7%), from €439,829 to €557,456
of which Land and buildings: +€82,004
- Receivables within one year -€37,086
down €37,086 (-93.9%), from €39,486 to €2,400
of which Other amounts receivable: -€24,461
- Cash -€16,402
down €16,402 (-68.0%), from €24,105 to €7,703
mainly Investment in fixed assets (net) (-€133,346) and Net result for the year (-€17,027)
- Deferred charges and accrued income +€8,437
up €8,437 (+31.7%), from €26,622 to €35,059
- Other debts +€89,473
up €89,473 (+14.9%), from €599,795 to €689,268
- Profit (loss) carried forward -€17,027
down €17,027 (-12.8%), from -€133,378 to -€150,405
- Other operating charges +€11,689
up €11,689 (+534%), from €2,188 to €13,877
- Gross operating margin -€8,768
down €8,768 (-40.9%), from €21,411 to €12,643
- Depreciation +€4,135
up €4,135 (+35.7%), from €11,584 to €15,719
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €530,042 | €602,619 | +€72,577 | +13.7% |
| Fixed assets | 21/28 | €439,829 | €557,456 | +€117,628 | +26.7% |
| Tangible fixed assets | 22/27 | €439,829 | €557,456 | +€117,628 | +26.7% |
| Land and buildings | 22 | €429,544 | €511,548 | +€82,004 | +19.1% |
| Plant, machinery and equipment | 23 | €10,285 | €45,908 | +€35,624 | +346% |
| Current assets | 29/58 | €90,214 | €45,163 | -€45,051 | -49.9% |
| Amounts receivable within one year | 40/41 | €39,486 | €2,400 | -€37,086 | -93.9% |
| Trade receivables | 40 | €12,625 | - | -€12,625 | |
| Other amounts receivable | 41 | €26,861 | €2,400 | -€24,461 | -91.1% |
| Cash at bank and in hand | 54/58 | €24,105 | €7,703 | -€16,402 | -68.0% |
| Deferred charges and accrued income | 490/1 | €26,622 | €35,059 | +€8,437 | +31.7% |
| Total equity and liabilities | 10/49 | €530,042 | €602,619 | +€72,577 | +13.7% |
| Equity | 10/15 | -€71,378 | -€88,405 | -€17,027 | -23.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | - | €62,000 | +€62,000 | |
| Issued capital | 100 | - | €62,000 | +€62,000 | |
| Profit (loss) carried forward | 14 | -€133,378 | -€150,405 | -€17,027 | -12.8% |
| Amounts payable | 17/49 | €601,421 | €691,024 | +€89,603 | +14.9% |
| Amounts payable within one year | 42/48 | €601,421 | €691,024 | +€89,603 | +14.9% |
| Trade debts | 44 | €1,626 | €1,756 | +€131 | +8.0% |
| Suppliers | 440/4 | €1,626 | €1,756 | +€131 | +8.0% |
| Other amounts payable | 47/48 | €599,795 | €689,268 | +€89,473 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,584 | €15,719 | +€4,135 | +35.7% |
| Other operating charges | 640/8 | €2,188 | €13,877 | +€11,689 | +534% |
| Gross operating margin | 9900 | €21,411 | €12,643 | -€8,768 | -40.9% |
| Operating profit (loss) | 9901 | €7,639 | -€16,952 | -€24,591 | |
| Financial income | 75/76B | €7 | €61 | +€53 | +723% |
| Recurring financial income | 75 | €7 | €61 | +€53 | +723% |
| Financial charges | 65/66B | €60 | €135 | +€75 | +125% |
| Recurring financial charges | 65 | €60 | €135 | +€75 | +125% |
| Profit (loss) for the period before taxes | 9903 | €7,587 | -€17,027 | -€24,613 | |
| Profit (loss) for the period | 9904 | €7,587 | -€17,027 | -€24,613 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,587 | -€17,027 | -€24,613 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.