M.T.I.: 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.I.
Largest movements
- Receivables within one year +€145,608
up €145,608 (+152.7%), from €95,337 to €240,946
- Financial fixed assets +€95,000
up €95,000 (+3.6%), from €2.6m to €2.7m
- Other debts +€260,318
up €260,318 (+1367.5%), from €19,036 to €279,353
- Debts after one year -€77,140
down €77,140 (-10.4%), from €744,198 to €667,057
- Financial income +€112,220
up €112,220 (+139.6%), from €80,391 to €192,611
- Gross operating margin -€1,627
down €1,627 (-44.9%), from -€3,626 to -€5,253
- Other operating charges +€130
up €130 (+3.1%), from €4,205 to €4,335
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 | €3,547,451 | €3,761,657 | +€214,206 | +6.0% |
| Fixed assets | 21/28 | €3,435,094 | €3,519,014 | +€83,920 | +2.4% |
| Tangible fixed assets | 22/27 | €810,799 | €799,719 | -€11,080 | -1.4% |
| Land and buildings | 22 | €810,799 | €799,719 | -€11,080 | -1.4% |
| Financial fixed assets | 28 | €2,624,294 | €2,719,294 | +€95,000 | +3.6% |
| Current assets | 29/58 | €112,357 | €242,643 | +€130,286 | +116.0% |
| Amounts receivable within one year | 40/41 | €95,337 | €240,946 | +€145,608 | +152.7% |
| Other amounts receivable | 41 | €95,337 | €240,946 | +€145,608 | +152.7% |
| Cash at bank and in hand | 54/58 | €11,398 | €1,698 | -€9,700 | -85.1% |
| Deferred charges and accrued income | 490/1 | €5,622 | - | -€5,622 | |
| Total equity and liabilities | 10/49 | €3,547,451 | €3,761,657 | +€214,206 | +6.0% |
| Equity | 10/15 | €2,708,466 | €2,737,447 | +€28,981 | +1.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | - | -€62,000 | |
| Other | 1109/19 | €62,000 | - | -€62,000 | |
| Reserves | 13 | €2,646,466 | €2,675,447 | +€28,981 | +1.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,640,266 | €2,669,247 | +€28,981 | +1.1% |
| Amounts payable | 17/49 | €838,985 | €1,024,210 | +€185,225 | +22.1% |
| Amounts payable after more than one year | 17 | €744,198 | €667,057 | -€77,140 | -10.4% |
| Financial debts | 170/4 | €744,198 | €667,057 | -€77,140 | -10.4% |
| Amounts payable within one year | 42/48 | €94,787 | €357,153 | +€262,366 | +276.8% |
| Current portion of amounts payable after more than one year | 42 | €74,915 | €77,140 | +€2,225 | +3.0% |
| Trade debts | 44 | €294 | €117 | -€177 | -60.3% |
| Suppliers | 440/4 | €294 | €117 | -€177 | -60.3% |
| Taxes, remuneration and social security | 45 | €543 | €543 | = | 0.0% |
| Taxes | 450/3 | €543 | €543 | = | 0.0% |
| Other amounts payable | 47/48 | €19,036 | €279,353 | +€260,318 | +1367.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,080 | €11,080 | = | 0.0% |
| Other operating charges | 640/8 | €4,205 | €4,335 | +€130 | +3.1% |
| Gross operating margin | 9900 | -€3,626 | -€5,253 | -€1,627 | -44.9% |
| Operating profit (loss) | 9901 | -€18,911 | -€20,668 | -€1,757 | -9.3% |
| Financial income | 75/76B | €80,391 | €192,611 | +€112,220 | +139.6% |
| Recurring financial income | 75 | €80,391 | €192,611 | +€112,220 | +139.6% |
| Financial charges | 65/66B | €25,986 | €25,963 | -€23 | -0.1% |
| Recurring financial charges | 65 | €25,986 | €25,963 | -€23 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €35,494 | €145,980 | +€110,486 | +311.3% |
| Profit (loss) for the period | 9904 | €35,494 | €145,980 | +€110,486 | +311.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,494 | €145,980 | +€110,486 | +311.3% |
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 10 October 2026 via checked.be.