MT BOUW: 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.
MT BOUW
Largest movements
- Tangible fixed assets -€14,766
down €14,766 (-34.6%), from €42,629 to €27,863
of which Furniture and vehicles: -€8,030
- Receivables within one year +€11,958
up €11,958 (+82.6%), from €14,471 to €26,429
of which Trade receivables: +€7,018
- Cash +€11,585
up €11,585 (+25.1%), from €46,198 to €57,783
mainly Tax, wage and social debts (+€25,847) and Depreciation (+€16,894)
- Tax, wage and social debts +€25,847
up €25,847 (+538.8%), from €4,797 to €30,644
of which Remuneration and social security: +€25,097
- Trade debts -€16,035
down €16,035 (-23.0%), from €69,627 to €53,592
- Staff costs +€93,553
up €93,553 (+60.1%), from €155,638 to €249,191
- Gross operating margin +€72,623
up €72,623 (+37.3%), from €194,652 to €267,275
- Turnover +€51,498
up €51,498 (+13.5%), from €380,091 to €431,589
- Purchases and services -€16,640
down €16,640 (-9.0%), from €185,439 to €168,799
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 | €114,504 | €123,281 | +€8,777 | +7.7% |
| Fixed assets | 21/28 | €52,155 | €37,389 | -€14,766 | -28.3% |
| Tangible fixed assets | 22/27 | €42,629 | €27,863 | -€14,766 | -34.6% |
| Plant, machinery and equipment | 23 | €9,311 | €2,575 | -€6,736 | -72.3% |
| Furniture and vehicles | 24 | €33,318 | €25,288 | -€8,030 | -24.1% |
| Financial fixed assets | 28 | €9,526 | €9,526 | = | 0.0% |
| Current assets | 29/58 | €62,349 | €85,892 | +€23,543 | +37.8% |
| Amounts receivable within one year | 40/41 | €14,471 | €26,429 | +€11,958 | +82.6% |
| Trade receivables | 40 | €680 | €7,698 | +€7,018 | +1032.1% |
| Other amounts receivable | 41 | €13,791 | €18,731 | +€4,940 | +35.8% |
| Cash at bank and in hand | 54/58 | €46,198 | €57,783 | +€11,585 | +25.1% |
| Deferred charges and accrued income | 490/1 | €1,680 | €1,680 | = | 0.0% |
| Total equity and liabilities | 10/49 | €114,504 | €123,281 | +€8,777 | +7.7% |
| Equity | 10/15 | €40,080 | €39,045 | -€1,035 | -2.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,080 | €37,045 | -€1,035 | -2.7% |
| Amounts payable | 17/49 | €74,424 | €84,236 | +€9,812 | +13.2% |
| Amounts payable within one year | 42/48 | €74,424 | €84,236 | +€9,812 | +13.2% |
| Trade debts | 44 | €69,627 | €53,592 | -€16,035 | -23.0% |
| Suppliers | 440/4 | €69,627 | €53,592 | -€16,035 | -23.0% |
| Taxes, remuneration and social security | 45 | €4,797 | €30,644 | +€25,847 | +538.8% |
| Taxes | 450/3 | €2,974 | €3,724 | +€750 | +25.2% |
| Remuneration and social security | 454/9 | €1,823 | €26,920 | +€25,097 | +1376.7% |
| Turnover | 70 | €380,091 | €431,589 | +€51,498 | +13.5% |
| Non-recurring operating income | 76A | - | €4,485 | +€4,485 | |
| Goods, raw materials, services and sundry goods | 60/61 | €185,439 | €168,799 | -€16,640 | -9.0% |
| Remuneration, social security and pensions | 62 | €155,638 | €249,191 | +€93,553 | +60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,202 | €16,894 | -€308 | -1.8% |
| Other operating charges | 640/8 | €673 | €1,548 | +€875 | +130.0% |
| Gross operating margin | 9900 | €194,652 | €267,275 | +€72,623 | +37.3% |
| Operating profit (loss) | 9901 | €21,139 | -€358 | -€21,497 | |
| Financial charges | 65/66B | €89 | €677 | +€588 | +660.7% |
| Recurring financial charges | 65 | €89 | €677 | +€588 | +660.7% |
| Profit (loss) for the period before taxes | 9903 | €21,050 | -€1,035 | -€22,085 | |
| Profit (loss) for the period | 9904 | €21,050 | -€1,035 | -€22,085 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,050 | -€1,035 | -€22,085 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.