M-TECH PATRIMONIUM: what changed
M-TECH PATRIMONIUM
Largest movements
- Receivables within one year +€306,373
up €306,373 (+167%), from €183,439 to €489,812
of which Trade receivables: +€290,419
- Cash +€76,591
up €76,591 (+28.6%), from €268,026 to €344,617
mainly Net result for the year (+€256,947) and Trade debts (+€101,885)
- Intangible fixed assets -€25,000
down €25,000 (-7.7%), from €325,000 to €300,000
- Reserves +€195,860
up €195,860 (+145%), from €135,000 to €330,860
of which Distributable reserves: +€195,860
- Trade debts +€101,885
up €101,885 (+281%), from €36,204 to €138,089
- Other debts -€80,872
no longer reported in 2025 (was €80,872)
- Tax, wage and social debts +€77,847
up €77,847 (+187%), from €41,586 to €119,434
- Profit (loss) carried forward +€61,087
up €61,087 (+15.1%), from €404,057 to €465,144
- Gross operating margin +€248,730
up €248,730 (+137%), from €181,740 to €430,469
- Taxes +€77,847
up €77,847 (+187%), from €41,586 to €119,434
- Other operating charges +€10,589
up €10,589 (+1,138%), from €930 to €11,519
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €798,571 | €1,156,696 | +€358,126 | +44.8% |
| Fixed assets | 21/28 | €344,404 | €315,866 | -€28,538 | -8.3% |
| Intangible fixed assets | 21 | €325,000 | €300,000 | -€25,000 | -7.7% |
| Tangible fixed assets | 22/27 | €19,074 | €15,536 | -€3,538 | -18.5% |
| Plant, machinery and equipment | 23 | €12,414 | €9,421 | -€2,993 | -24.1% |
| Furniture and vehicles | 24 | €6,659 | €6,114 | -€545 | -8.2% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €454,167 | €840,831 | +€386,664 | +85.1% |
| Amounts receivable within one year | 40/41 | €183,439 | €489,812 | +€306,373 | +167% |
| Trade receivables | 40 | €159,614 | €450,033 | +€290,419 | +182% |
| Other amounts receivable | 41 | €23,824 | €39,778 | +€15,954 | +67.0% |
| Cash at bank and in hand | 54/58 | €268,026 | €344,617 | +€76,591 | +28.6% |
| Deferred charges and accrued income | 490/1 | €2,702 | €6,402 | +€3,700 | +137% |
| Total equity and liabilities | 10/49 | €798,571 | €1,156,696 | +€358,126 | +44.8% |
| Equity | 10/15 | €639,057 | €896,004 | +€256,947 | +40.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €135,000 | €330,860 | +€195,860 | +145% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €125,000 | €320,860 | +€195,860 | +157% |
| Profit (loss) carried forward | 14 | €404,057 | €465,144 | +€61,087 | +15.1% |
| Amounts payable | 17/49 | €159,514 | €260,693 | +€101,179 | +63.4% |
| Amounts payable within one year | 42/48 | €158,662 | €257,523 | +€98,861 | +62.3% |
| Trade debts | 44 | €36,204 | €138,089 | +€101,885 | +281% |
| Suppliers | 440/4 | €36,204 | €138,089 | +€101,885 | +281% |
| Taxes, remuneration and social security | 45 | €41,586 | €119,434 | +€77,847 | +187% |
| Taxes | 450/3 | €41,586 | €119,434 | +€77,847 | +187% |
| Other amounts payable | 47/48 | €80,872 | - | -€80,872 | |
| Accrued charges and deferred income | 492/3 | €852 | €3,170 | +€2,318 | +272% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,881 | €35,385 | -€3,495 | -9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,952 | +€2,952 | |
| Other operating charges | 640/8 | €930 | €11,519 | +€10,589 | +1,138% |
| Gross operating margin | 9900 | €181,740 | €430,469 | +€248,730 | +137% |
| Operating profit (loss) | 9901 | €141,928 | €380,613 | +€238,685 | +168% |
| Financial income | 75/76B | €10 | €39 | +€29 | +285% |
| Recurring financial income | 75 | €10 | €39 | +€29 | +285% |
| Financial charges | 65/66B | €3,207 | €4,271 | +€1,064 | +33.2% |
| Recurring financial charges | 65 | €3,207 | €4,271 | +€1,064 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €138,732 | €376,380 | +€237,649 | +171% |
| Income taxes | 67/77 | €41,586 | €119,434 | +€77,847 | +187% |
| Profit (loss) for the period | 9904 | €97,145 | €256,947 | +€159,802 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €97,145 | €256,947 | +€159,802 | +164% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.