MLTC: 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.
MLTC
Largest movements
- Tangible fixed assets -€8,101
down €8,101 (-35.5%), from €22,795 to €14,694
of which Plant, machinery and equipment: -€5,927
- Cash +€7,402
up €7,402 (+72.9%), from €10,153 to €17,555
mainly Net result for the year (+€24,712) and Depreciation (+€8,101)
- Debts after one year -€30,070
down €30,070 (-11.5%), from €261,464 to €231,394
- Reserves +€24,712
up €24,712 (+31.4%), from €78,584 to €103,296
- Staff costs -€26,617
down €26,617 (-23.9%), from €111,162 to €84,545
- Gross operating margin -€18,871
down €18,871 (-12.4%), from €152,154 to €133,283
- Taxes +€2,868
up €2,868 (+36.4%), from €7,876 to €10,743
- Depreciation -€1,883
down €1,883 (-18.9%), from €9,985 to €8,101
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 | €416,004 | €415,306 | -€699 | -0.2% |
| Fixed assets | 21/28 | €402,795 | €394,694 | -€8,101 | -2.0% |
| Tangible fixed assets | 22/27 | €22,795 | €14,694 | -€8,101 | -35.5% |
| Plant, machinery and equipment | 23 | €17,398 | €11,471 | -€5,927 | -34.1% |
| Furniture and vehicles | 24 | €5,398 | €3,224 | -€2,174 | -40.3% |
| Financial fixed assets | 28 | €380,000 | €380,000 | = | 0.0% |
| Current assets | 29/58 | €13,209 | €20,611 | +€7,402 | +56.0% |
| Amounts receivable within one year | 40/41 | €3,056 | €3,056 | = | 0.0% |
| Other amounts receivable | 41 | €3,056 | €3,056 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,153 | €17,555 | +€7,402 | +72.9% |
| Total equity and liabilities | 10/49 | €416,004 | €415,306 | -€699 | -0.2% |
| Equity | 10/15 | €84,784 | €109,496 | +€24,712 | +29.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,584 | €103,296 | +€24,712 | +31.4% |
| Distributable reserves | 133 | €78,584 | €103,296 | +€24,712 | +31.4% |
| Amounts payable | 17/49 | €331,220 | €305,809 | -€25,411 | -7.7% |
| Amounts payable after more than one year | 17 | €261,464 | €231,394 | -€30,070 | -11.5% |
| Financial debts | 170/4 | €261,464 | €231,394 | -€30,070 | -11.5% |
| Amounts payable within one year | 42/48 | €55,515 | €60,635 | +€5,120 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €29,426 | €32,109 | +€2,683 | +9.1% |
| Trade debts | 44 | €4,032 | €3,641 | -€392 | -9.7% |
| Suppliers | 440/4 | €4,032 | €3,641 | -€392 | -9.7% |
| Taxes, remuneration and social security | 45 | €20,417 | €22,877 | +€2,460 | +12.1% |
| Taxes | 450/3 | €7,876 | €10,743 | +€2,868 | +36.4% |
| Remuneration and social security | 454/9 | €12,541 | €12,134 | -€407 | -3.2% |
| Other amounts payable | 47/48 | €1,640 | €2,009 | +€369 | +22.5% |
| Accrued charges and deferred income | 492/3 | €14,242 | €13,780 | -€462 | -3.2% |
| Remuneration, social security and pensions | 62 | €111,162 | €84,545 | -€26,617 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,985 | €8,101 | -€1,883 | -18.9% |
| Other operating charges | 640/8 | €851 | €80 | -€772 | -90.7% |
| Gross operating margin | 9900 | €152,154 | €133,283 | -€18,871 | -12.4% |
| Operating profit (loss) | 9901 | €30,156 | €40,557 | +€10,401 | +34.5% |
| Financial charges | 65/66B | €6,488 | €5,101 | -€1,387 | -21.4% |
| Recurring financial charges | 65 | €6,488 | €5,101 | -€1,387 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €23,668 | €35,456 | +€11,788 | +49.8% |
| Income taxes | 67/77 | €7,876 | €10,743 | +€2,868 | +36.4% |
| Profit (loss) for the period | 9904 | €15,792 | €24,712 | +€8,920 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,792 | €24,712 | +€8,920 | +56.5% |
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 16 October 2026 via checked.be.