M'Tra: what changed
Two fiscal 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'Tra
Largest movements
- Cash -€41,002
down €41,002 (-77.4%), from €52,977 to €11,975
mainly Receivables within one year (-€40,830) and Tax, wage and social debts (-€27,957)
- Receivables within one year +€40,830
up €40,830 (+65.9%), from €61,990 to €102,820
of which Trade receivables: +€39,026
- Tangible fixed assets -€17,049
down €17,049 (-55.9%), from €30,476 to €13,428
of which Furniture and vehicles: -€15,031
- Tax, wage and social debts -€27,957
down €27,957 (-97.6%), from €28,646 to €689
- Profit (loss) carried forward +€6,887
up €6,887 (+36.8%), from -€18,692 to -€11,805
- Trade debts +€3,978
up €3,978 (+192.8%), from €2,064 to €6,042
- Gross operating margin +€37,111
up €37,111, from -€1,337 to €35,774
- Other operating charges +€3,796
up €3,796 (+131.8%), from €2,880 to €6,676
- Staff costs +€1,076
up €1,076, from -€133 to €943
- Depreciation -€976
down €976 (-7.4%), from €13,160 to €12,185
- Financial charges +€799
up €799 (+102.5%), from €779 to €1,578
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,860 | €135,790 | -€17,070 | -11.2% |
| Fixed assets | 21/28 | €35,953 | €18,905 | -€17,049 | -47.4% |
| Tangible fixed assets | 22/27 | €30,476 | €13,428 | -€17,049 | -55.9% |
| Plant, machinery and equipment | 23 | €2,429 | €1,235 | -€1,193 | -49.1% |
| Furniture and vehicles | 24 | €24,404 | €9,373 | -€15,031 | -61.6% |
| Other tangible fixed assets | 26 | €3,643 | €2,819 | -€824 | -22.6% |
| Financial fixed assets | 28 | €5,477 | €5,477 | = | 0.0% |
| Current assets | 29/58 | €116,907 | €116,885 | -€22 | 0.0% |
| Amounts receivable within one year | 40/41 | €61,990 | €102,820 | +€40,830 | +65.9% |
| Trade receivables | 40 | €4,006 | €43,033 | +€39,026 | +974.1% |
| Other amounts receivable | 41 | €57,984 | €59,788 | +€1,804 | +3.1% |
| Cash at bank and in hand | 54/58 | €52,977 | €11,975 | -€41,002 | -77.4% |
| Deferred charges and accrued income | 490/1 | €1,939 | €2,089 | +€150 | +7.7% |
| Total equity and liabilities | 10/49 | €152,860 | €135,790 | -€17,070 | -11.2% |
| Equity | 10/15 | €122,151 | €129,038 | +€6,887 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,243 | €122,243 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €120,383 | €120,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,692 | -€11,805 | +€6,887 | +36.8% |
| Amounts payable | 17/49 | €30,709 | €6,752 | -€23,957 | -78.0% |
| Amounts payable within one year | 42/48 | €30,709 | €6,730 | -€23,979 | -78.1% |
| Trade debts | 44 | €2,064 | €6,042 | +€3,978 | +192.8% |
| Suppliers | 440/4 | €2,064 | €6,042 | +€3,978 | +192.8% |
| Taxes, remuneration and social security | 45 | €28,646 | €689 | -€27,957 | -97.6% |
| Taxes | 450/3 | €28,646 | €689 | -€27,957 | -97.6% |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Non-recurring operating income | 76A | - | €6,716 | +€6,716 | |
| Remuneration, social security and pensions | 62 | -€133 | €943 | +€1,076 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,160 | €12,185 | -€976 | -7.4% |
| Other operating charges | 640/8 | €2,880 | €6,676 | +€3,796 | +131.8% |
| Non-recurring operating charges | 66A | - | €6,885 | +€6,885 | |
| Gross operating margin | 9900 | -€1,337 | €35,774 | +€37,111 | |
| Operating profit (loss) | 9901 | -€17,245 | €9,085 | +€26,330 | |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €779 | €1,578 | +€799 | +102.5% |
| Recurring financial charges | 65 | €779 | €1,578 | +€799 | +102.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,024 | €7,561 | +€25,585 | |
| Income taxes | 67/77 | €668 | €674 | +€6 | +0.9% |
| Profit (loss) for the period | 9904 | -€18,692 | €6,887 | +€25,580 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,692 | €6,887 | +€25,580 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.