MGTT: 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.
MGTT
Largest movements
- Tangible fixed assets -€25,458
down €25,458 (-4.6%), from €554,446 to €528,988
of which Land and buildings: -€25,458
- Receivables within one year -€11,739
down €11,739 (-88.7%), from €13,241 to €1,502
of which Other amounts receivable: -€12,321
- Cash +€10,015
up €10,015 (+252%), from €3,972 to €13,987
mainly Depreciation (+€28,866) and Receivables within one year (+€11,739)
- Debts after one year -€30,597
down €30,597 (-7.1%), from €428,553 to €397,956
- Other debts +€5,862
up €5,862 (+48.9%), from €12,000 to €17,862
- Other operating charges +€860
up €860 (+222%), from €387 to €1,247
- Financial charges -€789
down €789 (-6.9%), from €11,521 to €10,732
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 | €571,659 | €544,766 | -€26,893 | -4.7% |
| Fixed assets | 21/28 | €554,446 | €528,988 | -€25,458 | -4.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €554,446 | €528,988 | -€25,458 | -4.6% |
| Land and buildings | 22 | €554,446 | €528,988 | -€25,458 | -4.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €17,213 | €15,778 | -€1,435 | -8.3% |
| Amounts receivable within one year | 40/41 | €13,241 | €1,502 | -€11,739 | -88.7% |
| Trade receivables | 40 | €0 | €582 | +€582 | |
| Other amounts receivable | 41 | €13,241 | €920 | -€12,321 | -93.1% |
| Cash at bank and in hand | 54/58 | €3,972 | €13,987 | +€10,015 | +252% |
| Deferred charges and accrued income | 490/1 | €0 | €289 | +€289 | |
| Total equity and liabilities | 10/49 | €571,659 | €544,766 | -€26,893 | -4.7% |
| Equity | 10/15 | €89,812 | €89,847 | +€34 | 0.0% |
| Contributions | 10/11 | €8,020 | €8,020 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,793 | €81,827 | +€34 | 0.0% |
| Amounts payable | 17/49 | €481,847 | €454,919 | -€26,928 | -5.6% |
| Amounts payable after more than one year | 17 | €428,553 | €397,956 | -€30,597 | -7.1% |
| Financial debts | 170/4 | €428,553 | €397,956 | -€30,597 | -7.1% |
| Amounts payable within one year | 42/48 | €52,620 | €56,017 | +€3,397 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €30,122 | €30,597 | +€476 | +1.6% |
| Trade debts | 44 | €162 | €168 | +€6 | +3.7% |
| Suppliers | 440/4 | €162 | €168 | +€6 | +3.7% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,336 | €7,390 | -€2,947 | -28.5% |
| Taxes | 450/3 | €10,336 | €7,390 | -€2,947 | -28.5% |
| Other amounts payable | 47/48 | €12,000 | €17,862 | +€5,862 | +48.9% |
| Accrued charges and deferred income | 492/3 | €674 | €946 | +€272 | +40.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,827 | €28,866 | +€39 | +0.1% |
| Other operating charges | 640/8 | €387 | €1,247 | +€860 | +222% |
| Gross operating margin | 9900 | €49,366 | €48,933 | -€433 | -0.9% |
| Operating profit (loss) | 9901 | €20,152 | €18,820 | -€1,332 | -6.6% |
| Financial income | 75/76B | €91 | €28 | -€63 | -69.1% |
| Recurring financial income | 75 | €91 | €28 | -€63 | -69.1% |
| Financial charges | 65/66B | €11,521 | €10,732 | -€789 | -6.9% |
| Recurring financial charges | 65 | €11,521 | €10,732 | -€789 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €8,721 | €8,116 | -€606 | -6.9% |
| Income taxes | 67/77 | €2,377 | €2,081 | -€296 | -12.4% |
| Profit (loss) for the period | 9904 | €6,344 | €6,034 | -€310 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,344 | €6,034 | -€310 | -4.9% |
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 14 October 2026 via checked.be.