M.T.S IMMO: 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.S IMMO
Largest movements
- Tangible fixed assets -€23,718
down €23,718 (-5.7%), from €418,887 to €395,169
of which Land and buildings: -€17,036
- Debts after one year -€20,452
down €20,452 (-5.4%), from €379,577 to €359,125
- Trade debts -€6,068
down €6,068 (-54.3%), from €11,176 to €5,108
- Gross operating margin +€28,122
up €28,122 (+35.3%), from €79,681 to €107,803
- Financial charges -€2,930
down €2,930 (-31.7%), from €9,236 to €6,306
- Staff costs +€2,757
up €2,757 (+3.9%), from €70,880 to €73,637
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 | €469,029 | €443,812 | -€25,218 | -5.4% |
| Fixed assets | 21/28 | €418,887 | €395,169 | -€23,718 | -5.7% |
| Tangible fixed assets | 22/27 | €418,887 | €395,169 | -€23,718 | -5.7% |
| Land and buildings | 22 | €411,107 | €394,071 | -€17,036 | -4.1% |
| Furniture and vehicles | 24 | €7,780 | €1,098 | -€6,682 | -85.9% |
| Current assets | 29/58 | €50,142 | €48,643 | -€1,500 | -3.0% |
| Amounts receivable within one year | 40/41 | €42,452 | €44,421 | +€1,969 | +4.6% |
| Trade receivables | 40 | €27,267 | €35,946 | +€8,679 | +31.8% |
| Other amounts receivable | 41 | €15,185 | €8,475 | -€6,710 | -44.2% |
| Cash at bank and in hand | 54/58 | €5,636 | €3,291 | -€2,344 | -41.6% |
| Deferred charges and accrued income | 490/1 | €2,055 | €930 | -€1,125 | -54.7% |
| Total equity and liabilities | 10/49 | €469,029 | €443,812 | -€25,218 | -5.4% |
| Equity | 10/15 | €29,433 | €31,301 | +€1,867 | +6.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €26,783 | €26,783 | = | 0.0% |
| Distributable reserves | 133 | €26,783 | €26,783 | = | 0.0% |
| Profit (loss) carried forward | 14 | €650 | €2,518 | +€1,867 | +287% |
| Amounts payable | 17/49 | €439,596 | €412,511 | -€27,085 | -6.2% |
| Amounts payable after more than one year | 17 | €379,577 | €359,125 | -€20,452 | -5.4% |
| Financial debts | 170/4 | €379,577 | €359,125 | -€20,452 | -5.4% |
| Amounts payable within one year | 42/48 | €60,019 | €53,386 | -€6,633 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €24,800 | €20,452 | -€4,348 | -17.5% |
| Trade debts | 44 | €11,176 | €5,108 | -€6,068 | -54.3% |
| Suppliers | 440/4 | €11,176 | €5,108 | -€6,068 | -54.3% |
| Taxes, remuneration and social security | 45 | €19,569 | €23,546 | +€3,977 | +20.3% |
| Taxes | 450/3 | €7,376 | €10,565 | +€3,190 | +43.2% |
| Remuneration and social security | 454/9 | €12,193 | €12,981 | +€788 | +6.5% |
| Other amounts payable | 47/48 | €4,475 | €4,280 | -€195 | -4.4% |
| Remuneration, social security and pensions | 62 | €70,880 | €73,637 | +€2,757 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,718 | €23,718 | = | 0.0% |
| Other operating charges | 640/8 | €1,526 | €2,333 | +€806 | +52.8% |
| Gross operating margin | 9900 | €79,681 | €107,803 | +€28,122 | +35.3% |
| Operating profit (loss) | 9901 | -€16,443 | €8,115 | +€24,559 | |
| Financial income | 75/76B | €18 | €58 | +€40 | +227% |
| Recurring financial income | 75 | €18 | €58 | +€40 | +227% |
| Financial charges | 65/66B | €9,236 | €6,306 | -€2,930 | -31.7% |
| Recurring financial charges | 65 | €9,236 | €6,306 | -€2,930 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,661 | €1,867 | +€27,529 | |
| Profit (loss) for the period | 9904 | -€25,661 | €1,867 | +€27,529 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,661 | €1,867 | +€27,529 |
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 22 October 2026 via checked.be.