M TECHNICS: 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 TECHNICS
Largest movements
- Tangible fixed assets -€15,664
down €15,664 (-26.2%), from €59,826 to €44,162
of which Furniture and vehicles: -€14,272
- Cash -€11,896
down €11,896 (-81.0%), from €14,681 to €2,785
mainly Contributions, distributions and other (-€20,000) and Other debts (-€19,986)
- Current investments +€4,926
up €4,926 (+32.6%), from €15,107 to €20,033
- Receivables within one year +€1,921
up €1,921 (+8.6%), from €22,311 to €24,232
of which Trade receivables: +€1,873
- Other debts -€19,986
down €19,986 (-25.0%), from €80,000 to €60,014
- Short-term financial debts +€5,000
new in 2025: €5,000
- Trade debts -€4,923
down €4,923 (-43.8%), from €11,237 to €6,314
- Tax, wage and social debts +€2,125
new in 2025: €2,125
- Reserves -€1,897
down €1,897 (-40.4%), from €4,691 to €2,794
- Depreciation -€2,535
down €2,535 (-14.6%), from €17,420 to €14,885
- Other operating charges +€1,685
up €1,685 (+137.2%), from €1,228 to €2,912
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 | €115,537 | €94,860 | -€20,677 | -17.9% |
| Fixed assets | 21/28 | €59,826 | €44,162 | -€15,664 | -26.2% |
| Tangible fixed assets | 22/27 | €59,826 | €44,162 | -€15,664 | -26.2% |
| Land and buildings | 22 | €1,391 | - | -€1,391 | |
| Furniture and vehicles | 24 | €58,434 | €44,162 | -€14,272 | -24.4% |
| Current assets | 29/58 | €55,712 | €50,698 | -€5,013 | -9.0% |
| Stocks and contracts in progress | 3 | €880 | €751 | -€130 | -14.8% |
| Stocks | 30/36 | €880 | €751 | -€130 | -14.8% |
| Amounts receivable within one year | 40/41 | €22,311 | €24,232 | +€1,921 | +8.6% |
| Trade receivables | 40 | €13,056 | €14,929 | +€1,873 | +14.3% |
| Other amounts receivable | 41 | €9,255 | €9,303 | +€48 | +0.5% |
| Current investments | 50/53 | €15,107 | €20,033 | +€4,926 | +32.6% |
| Cash at bank and in hand | 54/58 | €14,681 | €2,785 | -€11,896 | -81.0% |
| Deferred charges and accrued income | 490/1 | €2,733 | €2,898 | +€165 | +6.0% |
| Total equity and liabilities | 10/49 | €115,537 | €94,860 | -€20,677 | -17.9% |
| Equity | 10/15 | €23,241 | €21,344 | -€1,897 | -8.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €4,691 | €2,794 | -€1,897 | -40.4% |
| Distributable reserves | 133 | €4,691 | €2,794 | -€1,897 | -40.4% |
| Amounts payable | 17/49 | €92,297 | €73,517 | -€18,780 | -20.3% |
| Amounts payable within one year | 42/48 | €92,297 | €73,453 | -€18,844 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €1,059 | - | -€1,059 | |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €11,237 | €6,314 | -€4,923 | -43.8% |
| Suppliers | 440/4 | €11,237 | €6,314 | -€4,923 | -43.8% |
| Taxes, remuneration and social security | 45 | - | €2,125 | +€2,125 | |
| Taxes | 450/3 | - | €2,125 | +€2,125 | |
| Other amounts payable | 47/48 | €80,000 | €60,014 | -€19,986 | -25.0% |
| Accrued charges and deferred income | 492/3 | - | €64 | +€64 | |
| Non-recurring operating income | 76A | €2,253 | €124 | -€2,129 | -94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,420 | €14,885 | -€2,535 | -14.6% |
| Other operating charges | 640/8 | €1,228 | €2,912 | +€1,685 | +137.2% |
| Non-recurring operating charges | 66A | €125 | €1,391 | +€1,267 | +1016.0% |
| Gross operating margin | 9900 | €42,580 | €42,634 | +€54 | +0.1% |
| Operating profit (loss) | 9901 | €23,809 | €23,446 | -€362 | -1.5% |
| Financial income | 75/76B | €375 | €211 | -€164 | -43.7% |
| Recurring financial income | 75 | €375 | €211 | -€164 | -43.7% |
| Financial charges | 65/66B | €946 | €617 | -€330 | -34.9% |
| Recurring financial charges | 65 | €946 | €617 | -€330 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €23,237 | €23,040 | -€196 | -0.8% |
| Income taxes | 67/77 | €4,951 | €4,937 | -€13 | -0.3% |
| Profit (loss) for the period | 9904 | €18,286 | €18,103 | -€183 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,286 | €18,103 | -€183 | -1.0% |
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 11 October 2026 via checked.be.