M TECH RENT & SUPPORT: 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 RENT & SUPPORT
Largest movements
- Stocks and contracts -€42,740
down €42,740 (-23.4%), from €182,508 to €139,769
- Tangible fixed assets -€21,387
down €21,387 (-7.2%), from €296,968 to €275,581
of which Furniture and vehicles: -€12,765
- Receivables within one year +€15,507
up €15,507 (+9.5%), from €163,922 to €179,429
of which Other amounts receivable: +€23,464
- Cash -€11,950
down €11,950 (-13.2%), from €90,506 to €78,557
mainly Other debts (-€45,074) and Debts after one year (-€33,254)
- Other debts -€45,074
down €45,074 (-22.4%), from €201,321 to €156,248
- Debts after one year -€33,254
down €33,254 (-28.2%), from €117,843 to €84,589
- Profit (loss) carried forward +€32,581
up €32,581 (+8.9%), from -€365,702 to -€333,121
- Reserves -€23,201
down €23,201 (-2.5%), from €922,507 to €899,306
- Gross operating margin +€83,097
up €83,097, from -€17,137 to €65,960
- Financial income -€2,648
down €2,648 (-98.6%), from €2,685 to €37
- Financial charges -€1,009
down €1,009 (-10.5%), from €9,588 to €8,580
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 | €923,880 | €860,233 | -€63,647 | -6.9% |
| Fixed assets | 21/28 | €465,968 | €444,581 | -€21,387 | -4.6% |
| Tangible fixed assets | 22/27 | €296,968 | €275,581 | -€21,387 | -7.2% |
| Land and buildings | 22 | €277,681 | €269,060 | -€8,622 | -3.1% |
| Furniture and vehicles | 24 | €19,287 | €6,521 | -€12,765 | -66.2% |
| Financial fixed assets | 28 | €169,000 | €169,000 | = | 0.0% |
| Current assets | 29/58 | €457,912 | €415,652 | -€42,260 | -9.2% |
| Stocks and contracts in progress | 3 | €182,508 | €139,769 | -€42,740 | -23.4% |
| Stocks | 30/36 | €182,508 | €139,769 | -€42,740 | -23.4% |
| Amounts receivable within one year | 40/41 | €163,922 | €179,429 | +€15,507 | +9.5% |
| Trade receivables | 40 | €21,219 | €13,262 | -€7,957 | -37.5% |
| Other amounts receivable | 41 | €142,704 | €166,167 | +€23,464 | +16.4% |
| Current investments | 50/53 | €14,839 | €14,839 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €90,506 | €78,557 | -€11,950 | -13.2% |
| Deferred charges and accrued income | 490/1 | €6,136 | €3,059 | -€3,077 | -50.1% |
| Total equity and liabilities | 10/49 | €923,880 | €860,233 | -€63,647 | -6.9% |
| Equity | 10/15 | €563,005 | €572,385 | +€9,380 | +1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €922,507 | €899,306 | -€23,201 | -2.5% |
| Distributable reserves | 133 | €922,507 | €899,306 | -€23,201 | -2.5% |
| Profit (loss) carried forward | 14 | -€365,702 | -€333,121 | +€32,581 | +8.9% |
| Amounts payable | 17/49 | €360,875 | €287,848 | -€73,027 | -20.2% |
| Amounts payable after more than one year | 17 | €117,843 | €84,589 | -€33,254 | -28.2% |
| Financial debts | 170/4 | €117,843 | €84,589 | -€33,254 | -28.2% |
| Amounts payable within one year | 42/48 | €243,032 | €202,274 | -€40,758 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €32,887 | €33,254 | +€367 | +1.1% |
| Trade debts | 44 | €7,799 | €11,784 | +€3,985 | +51.1% |
| Suppliers | 440/4 | €7,799 | €11,784 | +€3,985 | +51.1% |
| Taxes, remuneration and social security | 45 | €1,024 | €988 | -€36 | -3.5% |
| Taxes | 450/3 | €1,024 | €988 | -€36 | -3.5% |
| Other amounts payable | 47/48 | €201,321 | €156,248 | -€45,074 | -22.4% |
| Accrued charges and deferred income | 492/3 | - | €985 | +€985 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,841 | €21,581 | -€260 | -1.2% |
| Other operating charges | 640/8 | €2,583 | €2,314 | -€269 | -10.4% |
| Non-recurring operating charges | 66A | - | €941 | +€941 | |
| Gross operating margin | 9900 | -€17,137 | €65,960 | +€83,097 | |
| Operating profit (loss) | 9901 | -€41,561 | €41,124 | +€82,685 | |
| Financial income | 75/76B | €2,685 | €37 | -€2,648 | -98.6% |
| Recurring financial income | 75 | €2,685 | €37 | -€2,648 | -98.6% |
| Financial charges | 65/66B | €9,588 | €8,580 | -€1,009 | -10.5% |
| Recurring financial charges | 65 | €9,588 | €8,580 | -€1,009 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€48,465 | €32,581 | +€81,046 | |
| Profit (loss) for the period | 9904 | -€48,465 | €32,581 | +€81,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,465 | €32,581 | +€81,046 |
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 26 October 2026 via checked.be.