M.T. GROUP: 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. GROUP
Largest movements
- Tangible fixed assets +€178,197
up €178,197 (+615%), from €28,998 to €207,195
of which Land and buildings: +€164,566
- Receivables within one year -€112,136
down €112,136 (-52.4%), from €213,959 to €101,823
of which Trade receivables: -€93,885
- Cash -€57,594
down €57,594 (-78.2%), from €73,643 to €16,050
mainly Investment in fixed assets (net) (-€190,524) and Trade debts (-€70,073)
- Deferred charges and accrued income +€14,253
up €14,253 (+190%), from €7,508 to €21,761
- Stocks and contracts +€6,500
up €6,500 (+72.2%), from €9,000 to €15,500
- Debts after one year +€84,542
new in 2024: €84,542
- Trade debts -€70,073
down €70,073 (-28.6%), from €244,653 to €174,581
- Other debts +€16,945
up €16,945 (+87.5%), from €19,355 to €36,300
- Write-downs +€228,629
new in 2024: €228,629
- Gross operating margin +€222,460
up €222,460 (+467%), from €47,642 to €270,102
- Other operating charges +€20,475
up €20,475 (+205%), from €9,969 to €30,445
- Taxes -€5,391
no longer reported in 2024 (was €5,391)
- Depreciation +€5,176
up €5,176 (+72.4%), from €7,151 to €12,327
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.
Derived cash bridge
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 | €333,109 | €362,330 | +€29,221 | +8.8% |
| Fixed assets | 21/28 | €28,998 | €207,195 | +€178,197 | +615% |
| Tangible fixed assets | 22/27 | €28,998 | €207,195 | +€178,197 | +615% |
| Land and buildings | 22 | - | €164,566 | +€164,566 | |
| Plant, machinery and equipment | 23 | €1,824 | €2,159 | +€336 | +18.4% |
| Furniture and vehicles | 24 | €27,175 | €40,470 | +€13,295 | +48.9% |
| Current assets | 29/58 | €304,111 | €155,134 | -€148,976 | -49.0% |
| Stocks and contracts in progress | 3 | €9,000 | €15,500 | +€6,500 | +72.2% |
| Stocks | 30/36 | €9,000 | €15,500 | +€6,500 | +72.2% |
| Amounts receivable within one year | 40/41 | €213,959 | €101,823 | -€112,136 | -52.4% |
| Trade receivables | 40 | €176,008 | €82,123 | -€93,885 | -53.3% |
| Other amounts receivable | 41 | €37,951 | €19,700 | -€18,251 | -48.1% |
| Cash at bank and in hand | 54/58 | €73,643 | €16,050 | -€57,594 | -78.2% |
| Deferred charges and accrued income | 490/1 | €7,508 | €21,761 | +€14,253 | +190% |
| Total equity and liabilities | 10/49 | €333,109 | €362,330 | +€29,221 | +8.8% |
| Equity | 10/15 | €63,535 | €61,517 | -€2,018 | -3.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Other | 1319 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,235 | €58,217 | -€2,018 | -3.4% |
| Amounts payable | 17/49 | €269,574 | €300,813 | +€31,239 | +11.6% |
| Amounts payable after more than one year | 17 | - | €84,542 | +€84,542 | |
| Financial debts | 170/4 | - | €84,542 | +€84,542 | |
| Amounts payable within one year | 42/48 | €269,574 | €216,271 | -€53,303 | -19.8% |
| Trade debts | 44 | €244,653 | €174,581 | -€70,073 | -28.6% |
| Suppliers | 440/4 | €244,653 | €174,581 | -€70,073 | -28.6% |
| Taxes, remuneration and social security | 45 | €5,566 | €5,391 | -€175 | -3.1% |
| Taxes | 450/3 | €5,566 | €5,391 | -€175 | -3.1% |
| Other amounts payable | 47/48 | €19,355 | €36,300 | +€16,945 | +87.5% |
| Remuneration, social security and pensions | 62 | €3,253 | €407 | -€2,846 | -87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,151 | €12,327 | +€5,176 | +72.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €228,629 | +€228,629 | |
| Other operating charges | 640/8 | €9,969 | €30,445 | +€20,475 | +205% |
| Gross operating margin | 9900 | €47,642 | €270,102 | +€222,460 | +467% |
| Operating profit (loss) | 9901 | €27,268 | -€1,706 | -€28,974 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €319 | €313 | -€7 | -2.1% |
| Recurring financial charges | 65 | €319 | €313 | -€7 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €26,954 | -€2,018 | -€28,972 | |
| Income taxes | 67/77 | €5,391 | - | -€5,391 | |
| Profit (loss) for the period | 9904 | €21,563 | -€2,018 | -€23,582 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,563 | -€2,018 | -€23,582 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.