M-TECH: 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-TECH
Largest movements
- Receivables within one year +€67,749
up €67,749 (+121%), from €56,175 to €123,925
of which Other amounts receivable: +€41,122
- Financial fixed assets +€2,267
up €2,267 (+756%), from €300 to €2,567
- Tangible fixed assets -€1,936
down €1,936 (-17.7%), from €10,936 to €9,001
- Reserves +€65,312
up €65,312 (+242%), from €27,039 to €92,351
- Tax, wage and social debts +€23,775
up €23,775 (+189%), from €12,576 to €36,351
- Trade debts -€20,966
down €20,966 (-88.4%), from €23,715 to €2,750
- Gross operating margin +€25,031
up €25,031 (+40.0%), from €62,553 to €87,584
- Taxes +€7,335
up €7,335 (+67.3%), from €10,906 to €18,240
- Other operating charges -€1,737
down €1,737 (-54.2%), from €3,204 to €1,466
- Financial charges +€880
up €880 (+187%), from €471 to €1,351
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 | €67,414 | €135,534 | +€68,121 | +101% |
| Fixed assets | 21/28 | €11,236 | €11,567 | +€331 | +2.9% |
| Tangible fixed assets | 22/27 | €10,936 | €9,001 | -€1,936 | -17.7% |
| Furniture and vehicles | 24 | €10,936 | €9,001 | -€1,936 | -17.7% |
| Financial fixed assets | 28 | €300 | €2,567 | +€2,267 | +756% |
| Current assets | 29/58 | €56,177 | €123,967 | +€67,790 | +121% |
| Amounts receivable within one year | 40/41 | €56,175 | €123,925 | +€67,749 | +121% |
| Trade receivables | 40 | €9,158 | €35,785 | +€26,627 | +291% |
| Other amounts receivable | 41 | €47,018 | €88,140 | +€41,122 | +87.5% |
| Cash at bank and in hand | 54/58 | €2 | €43 | +€41 | +2,536% |
| Total equity and liabilities | 10/49 | €67,414 | €135,534 | +€68,121 | +101% |
| Equity | 10/15 | €30,539 | €95,851 | +€65,312 | +214% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €27,039 | €92,351 | +€65,312 | +242% |
| Distributable reserves | 133 | €27,039 | €92,351 | +€65,312 | +242% |
| Amounts payable | 17/49 | €36,875 | €39,684 | +€2,809 | +7.6% |
| Amounts payable within one year | 42/48 | €36,875 | €39,684 | +€2,809 | +7.6% |
| Trade debts | 44 | €23,715 | €2,750 | -€20,966 | -88.4% |
| Suppliers | 440/4 | €23,715 | €2,750 | -€20,966 | -88.4% |
| Taxes, remuneration and social security | 45 | €12,576 | €36,351 | +€23,775 | +189% |
| Taxes | 450/3 | €12,576 | €36,351 | +€23,775 | +189% |
| Other amounts payable | 47/48 | €583 | €583 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,678 | €3,151 | +€473 | +17.7% |
| Other operating charges | 640/8 | €3,204 | €1,466 | -€1,737 | -54.2% |
| Gross operating margin | 9900 | €62,553 | €87,584 | +€25,031 | +40.0% |
| Operating profit (loss) | 9901 | €56,671 | €82,966 | +€26,294 | +46.4% |
| Financial income | 75/76B | €2,013 | €2,770 | +€758 | +37.6% |
| Recurring financial income | 75 | €2,013 | €2,770 | +€758 | +37.6% |
| Financial charges | 65/66B | €471 | €1,351 | +€880 | +187% |
| Recurring financial charges | 65 | €471 | €1,351 | +€880 | +187% |
| Profit (loss) for the period before taxes | 9903 | €58,213 | €84,385 | +€26,172 | +45.0% |
| Income taxes | 67/77 | €10,906 | €18,240 | +€7,335 | +67.3% |
| Profit (loss) for the period | 9904 | €47,307 | €66,145 | +€18,838 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,307 | €66,145 | +€18,838 | +39.8% |
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 14 October 2026 via checked.be.