M-Technics: what changed
M-Technics
Largest movements
- Receivables within one year -€363,724
down €363,724 (-92.0%), from €395,282 to €31,558
of which Trade receivables: -€322,762
- Cash +€38,539
up €38,539 (+23.8%), from €161,718 to €200,257
mainly Receivables within one year (+€363,724) and Deferred charges and accrued income (+€1,131)
- Advances received -€200,000
no longer reported in 2025 (was €200,000)
- Other debts -€44,884
down €44,884 (-99.7%), from €45,000 to €116
- Trade debts -€42,673
down €42,673 (-75.0%), from €56,900 to €14,228
- Profit (loss) carried forward -€25,892
down €25,892, from €2,718 to -€23,173
- Tax, wage and social debts -€13,332
down €13,332 (-95.4%), from €13,977 to €644
of which Taxes: -€13,332
- Gross operating margin -€143,364
down €143,364, from €119,277 to -€24,087
- Staff costs -€67,476
down €67,476 (-99.6%), from €67,743 to €267
- Financial charges -€44,148
down €44,148 (-98.3%), from €44,896 to €748
of which Financial charges: -€25,961
- Other operating charges -€15,808
down €15,808 (-96.2%), from €16,440 to €632
- Financial income -€11,402
down €11,402 (-97.8%), from €11,658 to €256
of which Non-recurring financial income: -€6,561
Change in the result, 31-03-2025 to 31-12-2025
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 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 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 | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €564,055 | €237,365 | -€326,690 | -57.9% |
| Fixed assets | 21/28 | €3,695 | €3,320 | -€375 | -10.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,695 | €3,320 | -€375 | -10.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €3,695 | €3,320 | -€375 | -10.2% |
| Current assets | 29/58 | €560,361 | €234,045 | -€326,315 | -58.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €395,282 | €31,558 | -€363,724 | -92.0% |
| Trade receivables | 40 | €349,960 | €27,198 | -€322,762 | -92.2% |
| Other amounts receivable | 41 | €45,322 | €4,360 | -€40,962 | -90.4% |
| Cash at bank and in hand | 54/58 | €161,718 | €200,257 | +€38,539 | +23.8% |
| Deferred charges and accrued income | 490/1 | €3,361 | €2,230 | -€1,131 | -33.6% |
| Total equity and liabilities | 10/49 | €564,055 | €237,365 | -€326,690 | -57.9% |
| Equity | 10/15 | €248,178 | €222,287 | -€25,892 | -10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,860 | €226,860 | = | 0.0% |
| Distributable reserves | 133 | €226,860 | €226,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,718 | -€23,173 | -€25,892 | |
| Amounts payable | 17/49 | €315,877 | €15,078 | -€300,799 | -95.2% |
| Amounts payable within one year | 42/48 | €315,877 | €14,988 | -€300,889 | -95.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €56,900 | €14,228 | -€42,673 | -75.0% |
| Suppliers | 440/4 | €56,900 | €14,228 | -€42,673 | -75.0% |
| Advances received on contracts in progress | 46 | €200,000 | - | -€200,000 | |
| Taxes, remuneration and social security | 45 | €13,977 | €644 | -€13,332 | -95.4% |
| Taxes | 450/3 | €13,977 | €644 | -€13,332 | -95.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €45,000 | €116 | -€44,884 | -99.7% |
| Accrued charges and deferred income | 492/3 | - | €90 | +€90 | |
| Non-recurring operating income | 76A | €33,452 | - | -€33,452 | |
| Remuneration, social security and pensions | 62 | €67,743 | €267 | -€67,476 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €375 | -€125 | -25.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €202 | - | -€202 | |
| Other operating charges | 640/8 | €16,440 | €632 | -€15,808 | -96.2% |
| Non-recurring operating charges | 66A | €7 | - | -€7 | |
| Gross operating margin | 9900 | €119,277 | -€24,087 | -€143,364 | |
| Operating profit (loss) | 9901 | €34,385 | -€25,361 | -€59,746 | |
| Financial income | 75/76B | €11,658 | €256 | -€11,402 | -97.8% |
| Recurring financial income | 75 | €5,097 | €256 | -€4,841 | -95.0% |
| Non-recurring financial income | 76B | €6,561 | - | -€6,561 | |
| Financial charges | 65/66B | €44,896 | €748 | -€44,148 | -98.3% |
| Recurring financial charges | 65 | €26,709 | €748 | -€25,961 | -97.2% |
| Non-recurring financial charges | 66B | €18,187 | - | -€18,187 | |
| Profit (loss) for the period before taxes | 9903 | €1,147 | -€25,853 | -€27,000 | |
| Income taxes | 67/77 | €538 | €39 | -€499 | -92.7% |
| Profit (loss) for the period | 9904 | €609 | -€25,892 | -€26,501 | |
| Profit (loss) for the period to be appropriated | 9905 | €609 | -€25,892 | -€26,501 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.