M.T. Projects: what changed
Two fiscal 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. Projects
Largest movements
- Receivables within one year +€21,644
up €21,644 (+9.2%), from €234,624 to €256,268
of which Other amounts receivable: +€44,116
- Financial fixed assets +€5,000
up €5,000 (+26.0%), from €19,251 to €24,251
- Reserves +€53,804
up €53,804 (+124.6%), from €43,196 to €97,000
of which Distributable reserves: +€57,250
- Trade debts -€35,899
down €35,899 (-40.7%), from €88,118 to €52,219
- Tax, wage and social debts +€19,207
up €19,207 (+181.4%), from €10,587 to €29,794
- Other debts -€16,433
down €16,433 (-14.6%), from €112,934 to €96,502
- Contributions +€3,446
up €3,446 (+111.2%), from €3,100 to €6,546
- Financial income +€35,006
up €35,006 (+233.4%), from €15,000 to €50,006
- Gross operating margin +€5,307
up €5,307 (+63.9%), from €8,306 to €13,613
- Depreciation -€2,209
down €2,209 (-48.9%), from €4,518 to €2,309
- Taxes -€2,106
down €2,106 (-44.7%), from €4,711 to €2,605
- Financial charges -€1,803
down €1,803 (-81.4%), from €2,215 to €412
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 | €258,058 | €282,252 | +€24,194 | +9.4% |
| Fixed assets | 21/28 | €23,183 | €25,874 | +€2,691 | +11.6% |
| Tangible fixed assets | 22/27 | €3,932 | €1,623 | -€2,309 | -58.7% |
| Furniture and vehicles | 24 | €2,884 | €1,443 | -€1,441 | -50.0% |
| Other tangible fixed assets | 26 | €1,048 | €180 | -€868 | -82.8% |
| Financial fixed assets | 28 | €19,251 | €24,251 | +€5,000 | +26.0% |
| Current assets | 29/58 | €234,875 | €256,379 | +€21,503 | +9.2% |
| Amounts receivable within one year | 40/41 | €234,624 | €256,268 | +€21,644 | +9.2% |
| Trade receivables | 40 | €70,360 | €47,888 | -€22,472 | -31.9% |
| Other amounts receivable | 41 | €164,265 | €208,380 | +€44,116 | +26.9% |
| Cash at bank and in hand | 54/58 | €251 | €111 | -€140 | -55.9% |
| Total equity and liabilities | 10/49 | €258,058 | €282,252 | +€24,194 | +9.4% |
| Equity | 10/15 | €46,419 | €103,738 | +€57,319 | +123.5% |
| Contributions | 10/11 | €3,100 | €6,546 | +€3,446 | +111.2% |
| Capital | 10 | €3,100 | - | -€3,100 | |
| Issued capital | 100 | €3,100 | - | -€3,100 | |
| Reserves | 13 | €43,196 | €97,000 | +€53,804 | +124.6% |
| Non-distributable reserves | 130/1 | €3,446 | - | -€3,446 | |
| Legal reserve | 130 | €3,446 | - | -€3,446 | |
| Distributable reserves | 133 | €39,750 | €97,000 | +€57,250 | +144.0% |
| Profit (loss) carried forward | 14 | €123 | €192 | +€69 | +56.5% |
| Amounts payable | 17/49 | €211,639 | €178,514 | -€33,125 | -15.7% |
| Amounts payable within one year | 42/48 | €211,639 | €178,514 | -€33,125 | -15.7% |
| Trade debts | 44 | €88,118 | €52,219 | -€35,899 | -40.7% |
| Suppliers | 440/4 | €88,118 | €52,219 | -€35,899 | -40.7% |
| Taxes, remuneration and social security | 45 | €10,587 | €29,794 | +€19,207 | +181.4% |
| Taxes | 450/3 | €10,587 | €29,794 | +€19,207 | +181.4% |
| Other amounts payable | 47/48 | €112,934 | €96,502 | -€16,433 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,518 | €2,309 | -€2,209 | -48.9% |
| Other operating charges | 640/8 | €351 | €973 | +€622 | +177.4% |
| Gross operating margin | 9900 | €8,306 | €13,613 | +€5,307 | +63.9% |
| Operating profit (loss) | 9901 | €3,437 | €10,330 | +€6,894 | +200.6% |
| Financial income | 75/76B | €15,000 | €50,006 | +€35,006 | +233.4% |
| Recurring financial income | 75 | €15,000 | €50,006 | +€35,006 | +233.4% |
| Financial charges | 65/66B | €2,215 | €412 | -€1,803 | -81.4% |
| Recurring financial charges | 65 | €2,215 | €412 | -€1,803 | -81.4% |
| Profit (loss) for the period before taxes | 9903 | €16,222 | €59,924 | +€43,702 | +269.4% |
| Income taxes | 67/77 | €4,711 | €2,605 | -€2,106 | -44.7% |
| Profit (loss) for the period | 9904 | €11,512 | €57,319 | +€45,808 | +397.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,512 | €57,319 | +€45,808 | +397.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.