M.T.P.: 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.P.
Largest movements
- Receivables within one year -€62,419
no longer reported in 2025 (was €62,419)
- Receivables after one year -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Tangible fixed assets -€11,377
down €11,377 (-2.4%), from €477,193 to €465,816
- Debts after one year -€67,469
down €67,469 (-12.3%), from €548,066 to €480,597
- Profit (loss) carried forward -€33,390
down €33,390 (-52.7%), from -€63,379 to -€96,769
- Gross operating margin -€14,829
down €14,829 (-89.2%), from €16,618 to €1,789
- Financial charges -€1,492
down €1,492 (-6.9%), from €21,550 to €20,058
- Other operating charges +€649
up €649 (+12.6%), from €5,159 to €5,807
- Financial income -€353
down €353 (-14.6%), from €2,416 to €2,063
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €617,258 | €518,121 | -€99,137 | -16.1% |
| Fixed assets | 21/28 | €477,193 | €465,816 | -€11,377 | -2.4% |
| Tangible fixed assets | 22/27 | €477,193 | €465,816 | -€11,377 | -2.4% |
| Land and buildings | 22 | €477,193 | €465,816 | -€11,377 | -2.4% |
| Current assets | 29/58 | €140,065 | €52,305 | -€87,760 | -62.7% |
| Amounts receivable after more than one year | 29 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Other amounts receivable | 291 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €62,419 | - | -€62,419 | |
| Other amounts receivable | 41 | €62,419 | - | -€62,419 | |
| Deferred charges and accrued income | 490/1 | €2,647 | €2,305 | -€341 | -12.9% |
| Total equity and liabilities | 10/49 | €617,258 | €518,121 | -€99,137 | -16.1% |
| Equity | 10/15 | €46,621 | €13,231 | -€33,390 | -71.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,379 | -€96,769 | -€33,390 | -52.7% |
| Amounts payable | 17/49 | €570,637 | €504,890 | -€65,747 | -11.5% |
| Amounts payable after more than one year | 17 | €548,066 | €480,597 | -€67,469 | -12.3% |
| Other amounts payable | 178/9 | €548,066 | €480,597 | -€67,469 | -12.3% |
| Amounts payable within one year | 42/48 | €1,703 | €5,268 | +€3,565 | +209% |
| Financial debts | 43 | €1,703 | €3,658 | +€1,955 | +115% |
| Credit institutions | 430/8 | €1,703 | €3,658 | +€1,955 | +115% |
| Trade debts | 44 | - | €1,610 | +€1,610 | |
| Suppliers | 440/4 | - | €1,610 | +€1,610 | |
| Accrued charges and deferred income | 492/3 | €20,868 | €19,025 | -€1,843 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,377 | €11,377 | = | 0.0% |
| Other operating charges | 640/8 | €5,159 | €5,807 | +€649 | +12.6% |
| Gross operating margin | 9900 | €16,618 | €1,789 | -€14,829 | -89.2% |
| Operating profit (loss) | 9901 | €82 | -€15,395 | -€15,477 | |
| Financial income | 75/76B | €2,416 | €2,063 | -€353 | -14.6% |
| Recurring financial income | 75 | €2,416 | €2,063 | -€353 | -14.6% |
| Financial charges | 65/66B | €21,550 | €20,058 | -€1,492 | -6.9% |
| Recurring financial charges | 65 | €21,550 | €20,058 | -€1,492 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,052 | -€33,390 | -€14,338 | -75.3% |
| Profit (loss) for the period | 9904 | -€19,052 | -€33,390 | -€14,338 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,052 | -€33,390 | -€14,338 | -75.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.