M-TEC ENERGY: 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-TEC ENERGY
Largest movements
- Receivables within one year -€751,670
down €751,670 (-82.4%), from €911,757 to €160,087
of which Trade receivables: -€764,203
- Cash +€127,941
up €127,941 (+34.7%), from €368,675 to €496,615
mainly Receivables within one year (+€751,670) and Net result for the year (+€128,877)
- Tangible fixed assets -€97,274
down €97,274 (-64.5%), from €150,922 to €53,648
of which Land and buildings: -€89,817
- Stocks and contracts -€66,015
down €66,015 (-30.5%), from €216,364 to €150,349
- Trade debts -€686,174
down €686,174 (-92.8%), from €739,446 to €53,272
- Tax, wage and social debts -€158,939
down €158,939 (-80.4%), from €197,638 to €38,699
of which Taxes: -€155,204
- Reserves +€128,877
up €128,877 (+29.6%), from €434,912 to €563,789
of which Distributable reserves: +€128,877
- Debts after one year -€69,789
down €69,789 (-44.8%), from €155,655 to €85,865
- Gross operating margin -€104,634
down €104,634 (-18.4%), from €568,224 to €463,590
- Taxes -€28,326
down €28,326 (-30.5%), from €93,020 to €64,693
- Staff costs -€14,965
down €14,965 (-6.1%), from €246,899 to €231,934
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 | €1,652,523 | €874,251 | -€778,272 | -47.1% |
| Fixed assets | 21/28 | €151,422 | €62,494 | -€88,929 | -58.7% |
| Intangible fixed assets | 21 | - | €8,345 | +€8,345 | |
| Tangible fixed assets | 22/27 | €150,922 | €53,648 | -€97,274 | -64.5% |
| Land and buildings | 22 | €89,817 | €0 | -€89,817 | -100% |
| Plant, machinery and equipment | 23 | €22,147 | €23,767 | +€1,620 | +7.3% |
| Furniture and vehicles | 24 | €38,958 | €29,881 | -€9,078 | -23.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,501,101 | €811,757 | -€689,343 | -45.9% |
| Stocks and contracts in progress | 3 | €216,364 | €150,349 | -€66,015 | -30.5% |
| Stocks | 30/36 | €216,364 | €150,349 | -€66,015 | -30.5% |
| Amounts receivable within one year | 40/41 | €911,757 | €160,087 | -€751,670 | -82.4% |
| Trade receivables | 40 | €909,203 | €145,000 | -€764,203 | -84.1% |
| Other amounts receivable | 41 | €2,553 | €15,087 | +€12,533 | +491% |
| Cash at bank and in hand | 54/58 | €368,675 | €496,615 | +€127,941 | +34.7% |
| Deferred charges and accrued income | 490/1 | €4,305 | €4,706 | +€401 | +9.3% |
| Total equity and liabilities | 10/49 | €1,652,523 | €874,251 | -€778,272 | -47.1% |
| Equity | 10/15 | €453,662 | €582,539 | +€128,877 | +28.4% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €434,912 | €563,789 | +€128,877 | +29.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €434,912 | €563,789 | +€128,877 | +29.6% |
| Amounts payable | 17/49 | €1,198,861 | €291,712 | -€907,149 | -75.7% |
| Amounts payable after more than one year | 17 | €155,655 | €85,865 | -€69,789 | -44.8% |
| Financial debts | 170/4 | €155,655 | €85,865 | -€69,789 | -44.8% |
| Amounts payable within one year | 42/48 | €1,039,183 | €201,803 | -€837,381 | -80.6% |
| Current portion of amounts payable after more than one year | 42 | €68,233 | €69,978 | +€1,744 | +2.6% |
| Financial debts | 43 | €33,559 | €39,767 | +€6,209 | +18.5% |
| Credit institutions | 430/8 | €33,559 | €39,767 | +€6,209 | +18.5% |
| Trade debts | 44 | €739,446 | €53,272 | -€686,174 | -92.8% |
| Suppliers | 440/4 | €739,446 | €53,272 | -€686,174 | -92.8% |
| Taxes, remuneration and social security | 45 | €197,638 | €38,699 | -€158,939 | -80.4% |
| Taxes | 450/3 | €173,223 | €18,020 | -€155,204 | -89.6% |
| Remuneration and social security | 454/9 | €24,415 | €20,679 | -€3,735 | -15.3% |
| Other amounts payable | 47/48 | €308 | €86 | -€221 | -71.9% |
| Accrued charges and deferred income | 492/3 | €4,023 | €4,044 | +€21 | +0.5% |
| Non-recurring operating income | 76A | €12,810 | €0 | -€12,810 | -100% |
| Remuneration, social security and pensions | 62 | €246,899 | €231,934 | -€14,965 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,255 | €25,541 | +€2,286 | +9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,769 | -€1,769 | |
| Other operating charges | 640/8 | €4,134 | €5,807 | +€1,673 | +40.5% |
| Gross operating margin | 9900 | €568,224 | €463,590 | -€104,634 | -18.4% |
| Operating profit (loss) | 9901 | €293,936 | €202,077 | -€91,859 | -31.3% |
| Financial income | 75/76B | €1,180 | €519 | -€661 | -56.0% |
| Recurring financial income | 75 | €1,180 | €519 | -€661 | -56.0% |
| Financial charges | 65/66B | €10,047 | €9,026 | -€1,022 | -10.2% |
| Recurring financial charges | 65 | €10,047 | €9,026 | -€1,022 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €285,069 | €193,570 | -€91,498 | -32.1% |
| Income taxes | 67/77 | €93,020 | €64,693 | -€28,326 | -30.5% |
| Profit (loss) for the period | 9904 | €192,049 | €128,877 | -€63,172 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €192,049 | €128,877 | -€63,172 | -32.9% |
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 30 October 2026 via checked.be.