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 +€45,104
up €45,104 (+2044.2%), from €2,206 to €47,311
of which Furniture and vehicles: +€37,356
- Cash -€14,497
down €14,497 (-54.8%), from €26,454 to €11,957
mainly Investment in fixed assets (net) (-€52,778) and Deferred charges and accrued income (-€4,528)
- Deferred charges and accrued income +€4,528
up €4,528 (+56.2%), from €8,063 to €12,592
- Receivables within one year +€4,205
up €4,205 (+22.9%), from €18,329 to €22,535
of which Other amounts receivable: +€5,441
- Debts after one year +€19,454
up €19,454 (+528.2%), from €3,683 to €23,137
- Current portion of long-term debt +€8,425
up €8,425 (+400.3%), from €2,105 to €10,530
- Reserves +€5,309
up €5,309 (+18.4%), from €28,838 to €34,147
- Trade debts +€4,711
up €4,711 (+193.5%), from €2,434 to €7,145
- Tax, wage and social debts +€2,235
up €2,235 (+18.3%), from €12,201 to €14,436
of which Taxes: +€4,387
- Gross operating margin -€21,007
down €21,007 (-55.7%), from €37,681 to €16,675
- Depreciation +€6,930
up €6,930 (+932.0%), from €744 to €7,673
- Taxes -€5,744
down €5,744 (-78.7%), from €7,302 to €1,558
- Other operating charges +€796
up €796 (+199.3%), from €399 to €1,195
- Financial charges +€540
up €540 (+114.1%), from €473 to €1,014
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 | €55,053 | €94,394 | +€39,341 | +71.5% |
| Fixed assets | 21/28 | €2,206 | €47,311 | +€45,104 | +2044.2% |
| Tangible fixed assets | 22/27 | €2,206 | €47,311 | +€45,104 | +2044.2% |
| Plant, machinery and equipment | 23 | €2,206 | €9,955 | +€7,748 | +351.2% |
| Furniture and vehicles | 24 | - | €37,356 | +€37,356 | |
| Current assets | 29/58 | €52,847 | €47,083 | -€5,763 | -10.9% |
| Amounts receivable within one year | 40/41 | €18,329 | €22,535 | +€4,205 | +22.9% |
| Trade receivables | 40 | €18,110 | €16,875 | -€1,235 | -6.8% |
| Other amounts receivable | 41 | €219 | €5,660 | +€5,441 | +2482.0% |
| Cash at bank and in hand | 54/58 | €26,454 | €11,957 | -€14,497 | -54.8% |
| Deferred charges and accrued income | 490/1 | €8,063 | €12,592 | +€4,528 | +56.2% |
| Total equity and liabilities | 10/49 | €55,053 | €94,394 | +€39,341 | +71.5% |
| Equity | 10/15 | €33,838 | €39,147 | +€5,309 | +15.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,838 | €34,147 | +€5,309 | +18.4% |
| Distributable reserves | 133 | €28,838 | €34,147 | +€5,309 | +18.4% |
| Amounts payable | 17/49 | €21,215 | €55,247 | +€34,032 | +160.4% |
| Amounts payable after more than one year | 17 | €3,683 | €23,137 | +€19,454 | +528.2% |
| Financial debts | 170/4 | €3,683 | €23,137 | +€19,454 | +528.2% |
| Amounts payable within one year | 42/48 | €17,532 | €32,110 | +€14,578 | +83.2% |
| Current portion of amounts payable after more than one year | 42 | €2,105 | €10,530 | +€8,425 | +400.3% |
| Trade debts | 44 | €2,434 | €7,145 | +€4,711 | +193.5% |
| Suppliers | 440/4 | €2,434 | €7,145 | +€4,711 | +193.5% |
| Taxes, remuneration and social security | 45 | €12,201 | €14,436 | +€2,235 | +18.3% |
| Taxes | 450/3 | €10,049 | €14,436 | +€4,387 | +43.7% |
| Remuneration and social security | 454/9 | €2,152 | - | -€2,152 | |
| Other amounts payable | 47/48 | €792 | - | -€792 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €744 | €7,673 | +€6,930 | +932.0% |
| Other operating charges | 640/8 | €399 | €1,195 | +€796 | +199.3% |
| Gross operating margin | 9900 | €37,681 | €16,675 | -€21,007 | -55.7% |
| Operating profit (loss) | 9901 | €36,539 | €7,807 | -€28,732 | -78.6% |
| Financial income | 75/76B | €75 | €74 | -€1 | -1.0% |
| Recurring financial income | 75 | €75 | €74 | -€1 | -1.0% |
| Financial charges | 65/66B | €473 | €1,014 | +€540 | +114.1% |
| Recurring financial charges | 65 | €473 | €1,014 | +€540 | +114.1% |
| Profit (loss) for the period before taxes | 9903 | €36,140 | €6,867 | -€29,273 | -81.0% |
| Income taxes | 67/77 | €7,302 | €1,558 | -€5,744 | -78.7% |
| Profit (loss) for the period | 9904 | €28,838 | €5,309 | -€23,529 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,838 | €5,309 | -€23,529 | -81.6% |
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 10 October 2026 via checked.be.