M&T SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash +€50,891
up €50,891 (+9.4%), from €543,061 to €593,952
mainly Net result for the year (+€43,776) and Other debts (+€7,102)
- Reserves +€43,000
up €43,000 (+9.2%), from €466,050 to €509,050
- Other debts +€7,102
up €7,102 (+74.4%), from €9,548 to €16,650
- Gross operating margin -€19,004
down €19,004 (-24.4%), from €77,956 to €58,953
- Taxes -€4,691
down €4,691 (-21.1%), from €22,210 to €17,519
- Depreciation -€2,694
down €2,694 (-100.0%), from €2,694 to €0
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 | €553,534 | €608,223 | +€54,689 | +9.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €553,534 | €608,223 | +€54,689 | +9.9% |
| Amounts receivable within one year | 40/41 | €10,473 | €14,271 | +€3,797 | +36.3% |
| Trade receivables | 40 | €9,051 | €7,299 | -€1,751 | -19.4% |
| Other amounts receivable | 41 | €1,422 | €6,971 | +€5,549 | +390.1% |
| Cash at bank and in hand | 54/58 | €543,061 | €593,952 | +€50,891 | +9.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €553,534 | €608,223 | +€54,689 | +9.9% |
| Equity | 10/15 | €537,327 | €581,103 | +€43,776 | +8.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €466,050 | €509,050 | +€43,000 | +9.2% |
| Distributable reserves | 133 | €466,050 | €509,050 | +€43,000 | +9.2% |
| Profit (loss) carried forward | 14 | €58,877 | €59,653 | +€776 | +1.3% |
| Amounts payable | 17/49 | €16,207 | €27,120 | +€10,913 | +67.3% |
| Amounts payable within one year | 42/48 | €16,207 | €27,120 | +€10,913 | +67.3% |
| Trade debts | 44 | €150 | €1,085 | +€935 | +624.4% |
| Suppliers | 440/4 | €150 | €1,085 | +€935 | +624.4% |
| Taxes, remuneration and social security | 45 | €6,510 | €9,386 | +€2,876 | +44.2% |
| Taxes | 450/3 | €4,010 | €6,886 | +€2,876 | +71.7% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €9,548 | €16,650 | +€7,102 | +74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,694 | €0 | -€2,694 | -100.0% |
| Other operating charges | 640/8 | €184 | €65 | -€119 | -64.5% |
| Gross operating margin | 9900 | €77,956 | €58,953 | -€19,004 | -24.4% |
| Operating profit (loss) | 9901 | €75,079 | €58,887 | -€16,192 | -21.6% |
| Financial income | 75/76B | €2,205 | €2,555 | +€350 | +15.9% |
| Recurring financial income | 75 | €2,205 | €2,555 | +€350 | +15.9% |
| Financial charges | 65/66B | €462 | €148 | -€314 | -68.1% |
| Recurring financial charges | 65 | €462 | €148 | -€314 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €76,822 | €61,295 | -€15,528 | -20.2% |
| Income taxes | 67/77 | €22,210 | €17,519 | -€4,691 | -21.1% |
| Profit (loss) for the period | 9904 | €54,612 | €43,776 | -€10,836 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,612 | €43,776 | -€10,836 | -19.8% |
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 6 October 2026 via checked.be.