MLT Real Estate: what changed
MLT Real Estate
Largest movements
- Cash -€30,396
down €30,396 (-68.0%), from €44,723 to €14,327
mainly Short-term financial debts (-€54,833) and Tax, wage and social debts (-€7,093)
- Stocks and contracts -€18,941
down €18,941 (-5.7%), from €331,946 to €313,004
of which Contracts in progress: -€23,431
- Short-term financial debts -€54,833
down €54,833 (-21.9%), from €250,000 to €195,167
- Other debts +€7,275
new in 2025: €7,275
- Tax, wage and social debts -€7,093
down €7,093 (-100%), from €7,093 to €0
- Reserves +€3,797
up €3,797 (+12.8%), from €29,576 to €33,372
- Turnover +€425,535
new in 2025: €425,535
- Purchases and services +€399,231
new in 2025: €399,231
- Gross operating margin -€15,913
down €15,913 (-74.9%), from €21,245 to €5,332
Change in the result, 2024 to 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 2024 and 2025 balance sheets and the 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,669 | €329,367 | -€47,302 | -12.6% |
| Current assets | 29/58 | €376,669 | €329,367 | -€47,302 | -12.6% |
| Stocks and contracts in progress | 3 | €331,946 | €313,004 | -€18,941 | -5.7% |
| Stocks | 30/36 | €308,514 | €313,004 | +€4,490 | +1.5% |
| Contracts in progress | 37 | €23,431 | €0 | -€23,431 | -100% |
| Amounts receivable within one year | 40/41 | - | €2,036 | +€2,036 | |
| Other amounts receivable | 41 | - | €2,036 | +€2,036 | |
| Cash at bank and in hand | 54/58 | €44,723 | €14,327 | -€30,396 | -68.0% |
| Total equity and liabilities | 10/49 | €376,669 | €329,367 | -€47,302 | -12.6% |
| Equity | 10/15 | €119,576 | €123,372 | +€3,797 | +3.2% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €29,576 | €33,372 | +€3,797 | +12.8% |
| Distributable reserves | 133 | €29,576 | €33,372 | +€3,797 | +12.8% |
| Amounts payable | 17/49 | €257,093 | €205,995 | -€51,098 | -19.9% |
| Amounts payable within one year | 42/48 | €257,093 | €205,995 | -€51,098 | -19.9% |
| Financial debts | 43 | €250,000 | €195,167 | -€54,833 | -21.9% |
| Credit institutions | 430/8 | €250,000 | €195,167 | -€54,833 | -21.9% |
| Trade debts | 44 | - | €3,553 | +€3,553 | |
| Suppliers | 440/4 | - | €3,553 | +€3,553 | |
| Taxes, remuneration and social security | 45 | €7,093 | €0 | -€7,093 | -100% |
| Taxes | 450/3 | €7,093 | €0 | -€7,093 | -100% |
| Other amounts payable | 47/48 | - | €7,275 | +€7,275 | |
| Turnover | 70 | - | €425,535 | +€425,535 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €399,231 | +€399,231 | |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €21,245 | €5,332 | -€15,913 | -74.9% |
| Operating profit (loss) | 9901 | €20,717 | €4,789 | -€15,929 | -76.9% |
| Financial income | 75/76B | €1,075 | €120 | -€954 | -88.8% |
| Recurring financial income | 75 | €1,075 | €120 | -€954 | -88.8% |
| Financial charges | 65/66B | €78 | €112 | +€34 | +43.3% |
| Recurring financial charges | 65 | €78 | €112 | +€34 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | €21,714 | €4,797 | -€16,917 | -77.9% |
| Income taxes | 67/77 | €4,343 | €1,000 | -€3,342 | -77.0% |
| Profit (loss) for the period | 9904 | €17,371 | €3,797 | -€13,575 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,371 | €3,797 | -€13,575 | -78.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.