M&T interieur: 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 interieur
Largest movements
- Tangible fixed assets +€114,305
up €114,305 (+476%), from €23,996 to €138,302
of which Leasing and similar rights: +€113,980
- Receivables within one year +€23,667
up €23,667 (+47.6%), from €49,737 to €73,404
of which Trade receivables: +€27,624
- Cash +€15,503
up €15,503 (+24.4%), from €63,433 to €78,936
mainly Debts after one year (+€107,067) and Depreciation (+€35,859)
- Stocks and contracts +€13,645
new in 2025: €13,645
- Deferred charges and accrued income +€5,393
up €5,393 (+840%), from €642 to €6,035
- Debts after one year +€107,067
up €107,067 (+3,843%), from €2,786 to €109,853
- Trade debts +€26,960
up €26,960 (+97.8%), from €27,565 to €54,525
- Other debts +€13,161
up €13,161 (+21.2%), from €61,944 to €75,105
- Advances received +€9,156
new in 2025: €9,156
- Reserves +€8,196
up €8,196 (+31.6%), from €25,927 to €34,123
- Gross operating margin +€17,244
up €17,244 (+25.7%), from €67,030 to €84,274
- Depreciation +€10,739
up €10,739 (+42.7%), from €25,120 to €35,859
- Other operating charges -€3,641
down €3,641 (-61.3%), from €5,939 to €2,298
- Financial charges +€2,951
up €2,951 (+223%), from €1,322 to €4,273
- Taxes -€1,688
down €1,688 (-22.3%), from €7,572 to €5,884
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 | €141,858 | €314,372 | +€172,514 | +122% |
| Fixed assets | 21/28 | €28,046 | €142,352 | +€114,305 | +408% |
| Tangible fixed assets | 22/27 | €23,996 | €138,302 | +€114,305 | +476% |
| Plant, machinery and equipment | 23 | €2,535 | €1,617 | -€918 | -36.2% |
| Furniture and vehicles | 24 | €5,295 | €6,538 | +€1,244 | +23.5% |
| Leasing and similar rights | 25 | €16,167 | €130,146 | +€113,980 | +705% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €113,812 | €172,021 | +€58,209 | +51.1% |
| Stocks and contracts in progress | 3 | - | €13,645 | +€13,645 | |
| Contracts in progress | 37 | - | €13,645 | +€13,645 | |
| Amounts receivable within one year | 40/41 | €49,737 | €73,404 | +€23,667 | +47.6% |
| Trade receivables | 40 | €42,274 | €69,898 | +€27,624 | +65.3% |
| Other amounts receivable | 41 | €7,463 | €3,506 | -€3,957 | -53.0% |
| Cash at bank and in hand | 54/58 | €63,433 | €78,936 | +€15,503 | +24.4% |
| Deferred charges and accrued income | 490/1 | €642 | €6,035 | +€5,393 | +840% |
| Total equity and liabilities | 10/49 | €141,858 | €314,372 | +€172,514 | +122% |
| Equity | 10/15 | €27,927 | €36,123 | +€8,196 | +29.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,927 | €34,123 | +€8,196 | +31.6% |
| Distributable reserves | 133 | €25,927 | €34,123 | +€8,196 | +31.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €113,932 | €278,250 | +€164,318 | +144% |
| Amounts payable after more than one year | 17 | €2,786 | €109,853 | +€107,067 | +3,843% |
| Financial debts | 170/4 | €2,786 | €109,853 | +€107,067 | +3,843% |
| Amounts payable within one year | 42/48 | €111,146 | €168,397 | +€57,251 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €16,906 | €21,322 | +€4,416 | +26.1% |
| Trade debts | 44 | €27,565 | €54,525 | +€26,960 | +97.8% |
| Suppliers | 440/4 | €27,565 | €54,525 | +€26,960 | +97.8% |
| Advances received on contracts in progress | 46 | - | €9,156 | +€9,156 | |
| Taxes, remuneration and social security | 45 | €4,731 | €8,289 | +€3,558 | +75.2% |
| Taxes | 450/3 | €0 | €3,889 | +€3,889 | |
| Remuneration and social security | 454/9 | €4,731 | €4,400 | -€331 | -7.0% |
| Other amounts payable | 47/48 | €61,944 | €75,105 | +€13,161 | +21.2% |
| Remuneration, social security and pensions | 62 | €1,773 | €2,813 | +€1,040 | +58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,120 | €35,859 | +€10,739 | +42.7% |
| Other operating charges | 640/8 | €5,939 | €2,298 | -€3,641 | -61.3% |
| Gross operating margin | 9900 | €67,030 | €84,274 | +€17,244 | +25.7% |
| Operating profit (loss) | 9901 | €34,197 | €43,304 | +€9,107 | +26.6% |
| Financial income | 75/76B | €623 | €975 | +€352 | +56.5% |
| Recurring financial income | 75 | €623 | €975 | +€352 | +56.5% |
| Financial charges | 65/66B | €1,322 | €4,273 | +€2,951 | +223% |
| Recurring financial charges | 65 | €1,322 | €4,273 | +€2,951 | +223% |
| Profit (loss) for the period before taxes | 9903 | €33,499 | €40,007 | +€6,508 | +19.4% |
| Income taxes | 67/77 | €7,572 | €5,884 | -€1,688 | -22.3% |
| Profit (loss) for the period | 9904 | €25,927 | €34,123 | +€8,196 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,927 | €34,123 | +€8,196 | +31.6% |
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 27 October 2026 via checked.be.