M&T Solutions: 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 Solutions
Largest movements
- Tangible fixed assets -€45,431
down €45,431 (-8.5%), from €536,920 to €491,489
of which Furniture and vehicles: -€25,313
- Cash +€36,364
up €36,364 (+36.6%), from €99,295 to €135,658
mainly Other debts (+€55,866) and Depreciation (+€45,431)
- Receivables after one year +€12,566
up €12,566 (+6.5%), from €194,709 to €207,275
- Other debts +€55,866
up €55,866 (+106%), from €52,765 to €108,631
- Reserves -€53,216
down €53,216 (-11.0%), from €484,211 to €430,995
of which Distributable reserves: -€53,216
- Gross operating margin -€14,257
down €14,257 (-11.2%), from €126,808 to €112,551
- Depreciation +€10,611
up €10,611 (+30.5%), from €34,820 to €45,431
- Taxes -€6,157
down €6,157 (-49.3%), from €12,495 to €6,337
- Financial charges +€5,174
up €5,174 (+14.8%), from €34,986 to €40,160
- Other operating charges -€1,273
down €1,273 (-31.3%), from €4,063 to €2,790
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 | €1,160,308 | €1,165,674 | +€5,366 | +0.5% |
| Fixed assets | 21/28 | €843,812 | €798,382 | -€45,431 | -5.4% |
| Tangible fixed assets | 22/27 | €536,920 | €491,489 | -€45,431 | -8.5% |
| Land and buildings | 22 | €412,177 | €398,254 | -€13,923 | -3.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €112,236 | €86,923 | -€25,313 | -22.6% |
| Other tangible fixed assets | 26 | €12,507 | €6,312 | -€6,195 | -49.5% |
| Financial fixed assets | 28 | €306,893 | €306,893 | = | 0.0% |
| Current assets | 29/58 | €316,495 | €367,292 | +€50,797 | +16.0% |
| Amounts receivable after more than one year | 29 | €194,709 | €207,275 | +€12,566 | +6.5% |
| Other amounts receivable | 291 | €194,709 | €207,275 | +€12,566 | +6.5% |
| Amounts receivable within one year | 40/41 | €18,727 | €19,851 | +€1,123 | +6.0% |
| Trade receivables | 40 | €18,091 | €18,091 | = | 0.0% |
| Other amounts receivable | 41 | €636 | €1,760 | +€1,123 | +177% |
| Cash at bank and in hand | 54/58 | €99,295 | €135,658 | +€36,364 | +36.6% |
| Deferred charges and accrued income | 490/1 | €3,765 | €4,509 | +€744 | +19.8% |
| Total equity and liabilities | 10/49 | €1,160,308 | €1,165,674 | +€5,366 | +0.5% |
| Equity | 10/15 | €524,988 | €471,772 | -€53,216 | -10.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €20,777 | €20,777 | = | 0.0% |
| Reserves | 13 | €484,211 | €430,995 | -€53,216 | -11.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,091 | €18,091 | = | 0.0% |
| Distributable reserves | 133 | €466,120 | €412,904 | -€53,216 | -11.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €635,320 | €693,902 | +€58,582 | +9.2% |
| Amounts payable after more than one year | 17 | €539,008 | €539,589 | +€581 | +0.1% |
| Financial debts | 170/4 | €83,780 | €61,489 | -€22,291 | -26.6% |
| Other amounts payable | 178/9 | €455,228 | €478,100 | +€22,872 | +5.0% |
| Amounts payable within one year | 42/48 | €95,340 | €153,315 | +€57,975 | +60.8% |
| Current portion of amounts payable after more than one year | 42 | €21,493 | €22,291 | +€798 | +3.7% |
| Trade debts | 44 | €1,137 | €1,112 | -€24 | -2.1% |
| Suppliers | 440/4 | €1,137 | €1,112 | -€24 | -2.1% |
| Taxes, remuneration and social security | 45 | €19,946 | €21,281 | +€1,335 | +6.7% |
| Taxes | 450/3 | €19,946 | €21,281 | +€1,335 | +6.7% |
| Other amounts payable | 47/48 | €52,765 | €108,631 | +€55,866 | +106% |
| Accrued charges and deferred income | 492/3 | €973 | €998 | +€26 | +2.7% |
| Non-recurring operating income | 76A | €12,640 | €0 | -€12,640 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,820 | €45,431 | +€10,611 | +30.5% |
| Other operating charges | 640/8 | €4,063 | €2,790 | -€1,273 | -31.3% |
| Gross operating margin | 9900 | €126,808 | €112,551 | -€14,257 | -11.2% |
| Operating profit (loss) | 9901 | €87,926 | €64,330 | -€23,595 | -26.8% |
| Financial income | 75/76B | €13,765 | €14,951 | +€1,186 | +8.6% |
| Recurring financial income | 75 | €13,765 | €14,951 | +€1,186 | +8.6% |
| Financial charges | 65/66B | €34,986 | €40,160 | +€5,174 | +14.8% |
| Recurring financial charges | 65 | €34,986 | €40,160 | +€5,174 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €66,704 | €39,121 | -€27,583 | -41.4% |
| Income taxes | 67/77 | €12,495 | €6,337 | -€6,157 | -49.3% |
| Profit (loss) for the period | 9904 | €54,210 | €32,784 | -€21,426 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,210 | €32,784 | -€21,426 | -39.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.