M-Tech: 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-Tech
Largest movements
- Cash -€16,267
down €16,267 (-66.7%), from €24,379 to €8,112
mainly Investment in fixed assets (net) (-€17,094) and Net result for the year (-€10,624)
- Tangible fixed assets +€15,445
up €15,445 (+573.2%), from €2,695 to €18,139
of which Furniture and vehicles: +€16,010
- Receivables within one year +€8,980
up €8,980 (+28.2%), from €31,895 to €40,875
of which Other amounts receivable: +€6,675
- Deferred charges and accrued income -€781
down €781 (-100.0%), from €781 to €0
- Other debts +€20,426
up €20,426 (+304.6%), from €6,706 to €27,132
- Reserves -€10,624
down €10,624 (-33.6%), from €31,575 to €20,951
- Tax, wage and social debts -€7,090
down €7,090 (-68.6%), from €10,329 to €3,239
of which Remuneration and social security: -€8,429
- Trade debts +€4,571
up €4,571 (+49.5%), from €9,233 to €13,805
- Gross operating margin -€11,592
down €11,592, from €3,502 to -€8,090
- Financial charges -€886
down €886 (-85.7%), from €1,034 to €148
- Taxes -€670
down €670 (-97.8%), from €685 to €15
- Other operating charges +€289
up €289 (+41.7%), from €694 to €982
- Financial income -€138
down €138 (-28.0%), from €493 to €355
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 | €62,844 | €70,127 | +€7,283 | +11.6% |
| Fixed assets | 21/28 | €2,788 | €18,139 | +€15,351 | +550.5% |
| Intangible fixed assets | 21 | €94 | €0 | -€94 | -100.0% |
| Tangible fixed assets | 22/27 | €2,695 | €18,139 | +€15,445 | +573.2% |
| Plant, machinery and equipment | 23 | €1,695 | €1,129 | -€566 | -33.4% |
| Furniture and vehicles | 24 | €1,000 | €17,010 | +€16,010 | +1601.6% |
| Current assets | 29/58 | €60,055 | €51,987 | -€8,068 | -13.4% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,895 | €40,875 | +€8,980 | +28.2% |
| Trade receivables | 40 | €28,368 | €30,673 | +€2,306 | +8.1% |
| Other amounts receivable | 41 | €3,527 | €10,202 | +€6,675 | +189.3% |
| Cash at bank and in hand | 54/58 | €24,379 | €8,112 | -€16,267 | -66.7% |
| Deferred charges and accrued income | 490/1 | €781 | €0 | -€781 | -100.0% |
| Total equity and liabilities | 10/49 | €62,844 | €70,127 | +€7,283 | +11.6% |
| Equity | 10/15 | €36,575 | €25,951 | -€10,624 | -29.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,575 | €20,951 | -€10,624 | -33.6% |
| Distributable reserves | 133 | €31,575 | €20,951 | -€10,624 | -33.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,268 | €44,175 | +€17,907 | +68.2% |
| Amounts payable within one year | 42/48 | €26,268 | €44,175 | +€17,907 | +68.2% |
| Trade debts | 44 | €9,233 | €13,805 | +€4,571 | +49.5% |
| Suppliers | 440/4 | €9,233 | €13,805 | +€4,571 | +49.5% |
| Taxes, remuneration and social security | 45 | €10,329 | €3,239 | -€7,090 | -68.6% |
| Taxes | 450/3 | - | €1,339 | +€1,339 | |
| Remuneration and social security | 454/9 | €10,329 | €1,900 | -€8,429 | -81.6% |
| Other amounts payable | 47/48 | €6,706 | €27,132 | +€20,426 | +304.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,743 | €1,744 | +€1 | 0.0% |
| Other operating charges | 640/8 | €694 | €982 | +€289 | +41.7% |
| Gross operating margin | 9900 | €3,502 | -€8,090 | -€11,592 | |
| Operating profit (loss) | 9901 | €1,065 | -€10,816 | -€11,881 | |
| Financial income | 75/76B | €493 | €355 | -€138 | -28.0% |
| Recurring financial income | 75 | €493 | €355 | -€138 | -28.0% |
| Financial charges | 65/66B | €1,034 | €148 | -€886 | -85.7% |
| Recurring financial charges | 65 | €1,034 | €148 | -€886 | -85.7% |
| Profit (loss) for the period before taxes | 9903 | €524 | -€10,609 | -€11,133 | |
| Income taxes | 67/77 | €685 | €15 | -€670 | -97.8% |
| Profit (loss) for the period | 9904 | -€161 | -€10,624 | -€10,464 | -6514.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€161 | -€10,624 | -€10,464 | -6514.5% |
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 4 October 2026 via checked.be.