M-TEC DESIGN: what changed
What changed
M-TEC DESIGN
NACE 71.111, Activities of building architects
filed annual accounts (NBB)
Net result for the year
€253,508
2025 · €2,940+€250,569
Equity
€489,913
2025 · €236,405+€253,508
Cash
€3,331
2025 · €9,776-€6,445
Balance sheet total
€1.7m
2025 · €1.5m+€172,263
Largest movements
Assets
- Current investments +€268,800
new in 2026: €268,800
- Tangible fixed assets -€75,821
down €75,821 (-5.1%), from €1.5m to €1.4m
of which Land and buildings: -€80,699
- Receivables within one year -€21,935
down €21,935 (-60.6%), from €36,189 to €14,254
of which Trade receivables: -€21,994
Equity and liabilities
- Reserves +€253,508
up €253,508 (+116%), from €217,805 to €471,313
of which Non-distributable reserves: +€268,800
- Debts after one year -€153,743
down €153,743 (-26.1%), from €588,332 to €434,588
- Short-term financial debts +€70,166
up €70,166 (+93.6%), from €75,000 to €145,166
- Current portion of long-term debt -€48,344
down €48,344 (-29.9%), from €161,448 to €113,104
- Trade debts +€29,924
up €29,924 (+118%), from €25,460 to €55,384
Income statement
- Gross operating margin +€336,887
up €336,887 (+112%), from €301,430 to €638,318
- Taxes +€84,114
up €84,114 (+9,469%), from €888 to €85,002
- Financial charges +€7,870
up €7,870 (+15.1%), from €51,996 to €59,866
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€2,940
Gross operating margin
+€336,887
Staff costs
+€1,685
Depreciation
+€6,089
Other operating charges
-€2,100
Financial income
-€10
Financial charges
-€7,870
Taxes
-€84,114
Result 2026
€253,508
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€409,724
Investment
-€284,248
Financing
-€131,922
Cash 2025
€9,776
From operations (derived)
+€409,724
Net result for the year
+€253,508
Depreciation
+€91,269
Receivables within one year
+€21,935
Deferred charges and accrued income
-€7,664
Trade debts
+€29,924
Tax, wage and social debts
-€6,809
Other debts
+€26,804
Accrued charges and deferred income
+€757
Investment (derived)
-€284,248
Investment in fixed assets (net)
-€15,448
Current investments
-€268,800
Financing
-€131,922
Debts after one year
-€153,743
Current portion of long-term debt
-€48,344
Short-term financial debts
+€70,166
Cash 2026
€3,331
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,534,467 | €1,706,731 | +€172,263 | +11.2% |
| Fixed assets | 21/28 | €1,475,864 | €1,400,043 | -€75,821 | -5.1% |
| Tangible fixed assets | 22/27 | €1,475,864 | €1,400,043 | -€75,821 | -5.1% |
| Land and buildings | 22 | €1,474,436 | €1,393,738 | -€80,699 | -5.5% |
| Furniture and vehicles | 24 | €1,428 | €6,305 | +€4,878 | +342% |
| Current assets | 29/58 | €58,603 | €306,687 | +€248,084 | +423% |
| Amounts receivable within one year | 40/41 | €36,189 | €14,254 | -€21,935 | -60.6% |
| Trade receivables | 40 | €31,305 | €9,310 | -€21,994 | -70.3% |
| Other amounts receivable | 41 | €4,884 | €4,944 | +€60 | +1.2% |
| Current investments | 50/53 | - | €268,800 | +€268,800 | |
| Cash at bank and in hand | 54/58 | €9,776 | €3,331 | -€6,445 | -65.9% |
| Deferred charges and accrued income | 490/1 | €12,639 | €20,303 | +€7,664 | +60.6% |
| Total equity and liabilities | 10/49 | €1,534,467 | €1,706,731 | +€172,263 | +11.2% |
| Equity | 10/15 | €236,405 | €489,913 | +€253,508 | +107% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €217,805 | €471,313 | +€253,508 | +116% |
| Non-distributable reserves | 130/1 | - | €268,800 | +€268,800 | |
| Own shares acquired | 1312 | - | €268,800 | +€268,800 | |
| Tax-exempt reserves | 132 | €549 | €549 | = | 0.0% |
| Distributable reserves | 133 | €217,256 | €201,964 | -€15,292 | -7.0% |
| Amounts payable | 17/49 | €1,298,063 | €1,216,818 | -€81,245 | -6.3% |
| Amounts payable after more than one year | 17 | €588,332 | €434,588 | -€153,743 | -26.1% |
| Financial debts | 170/4 | €588,332 | €434,588 | -€153,743 | -26.1% |
| Amounts payable within one year | 42/48 | €702,991 | €774,733 | +€71,742 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €161,448 | €113,104 | -€48,344 | -29.9% |
| Financial debts | 43 | €75,000 | €145,166 | +€70,166 | +93.6% |
| Credit institutions | 430/8 | €75,000 | €145,166 | +€70,166 | +93.6% |
| Trade debts | 44 | €25,460 | €55,384 | +€29,924 | +118% |
| Suppliers | 440/4 | €25,460 | €55,384 | +€29,924 | +118% |
| Taxes, remuneration and social security | 45 | €34,937 | €28,128 | -€6,809 | -19.5% |
| Taxes | 450/3 | €5,056 | €0 | -€5,056 | -100% |
| Remuneration and social security | 454/9 | €29,881 | €28,128 | -€1,753 | -5.9% |
| Other amounts payable | 47/48 | €406,146 | €432,950 | +€26,804 | +6.6% |
| Accrued charges and deferred income | 492/3 | €6,740 | €7,497 | +€757 | +11.2% |
| Non-recurring operating income | 76A | €4,636 | €332,220 | +€327,584 | +7,066% |
| Remuneration, social security and pensions | 62 | €118,524 | €116,840 | -€1,685 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,358 | €91,269 | -€6,089 | -6.3% |
| Other operating charges | 640/8 | €29,736 | €31,835 | +€2,100 | +7.1% |
| Gross operating margin | 9900 | €301,430 | €638,318 | +€336,887 | +112% |
| Operating profit (loss) | 9901 | €55,812 | €398,374 | +€342,562 | +614% |
| Financial income | 75/76B | €12 | €2 | -€10 | -80.5% |
| Recurring financial income | 75 | €12 | €2 | -€10 | -80.5% |
| Financial charges | 65/66B | €51,996 | €59,866 | +€7,870 | +15.1% |
| Recurring financial charges | 65 | €51,996 | €59,866 | +€7,870 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €3,828 | €338,510 | +€334,682 | +8,743% |
| Income taxes | 67/77 | €888 | €85,002 | +€84,114 | +9,469% |
| Profit (loss) for the period | 9904 | €2,940 | €253,508 | +€250,569 | +8,524% |
| Profit (loss) for the period to be appropriated | 9905 | €2,940 | €253,508 | +€250,569 | +8,524% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.