Mt-Cino: 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-Cino
Largest movements
- Tangible fixed assets -€331,480
down €331,480 (-96.4%), from €343,833 to €12,353
of which Land and buildings: -€330,268
- Receivables within one year -€196,574
down €196,574 (-25.1%), from €781,975 to €585,401
of which Other amounts receivable: -€175,300
- Financial fixed assets +€101,450
up €101,450 (+4.0%), from €2.6m to €2.7m
- Other debts -€605,092
down €605,092 (-82.8%), from €730,404 to €125,312
- Reserves +€242,258
up €242,258 (+56.8%), from €426,764 to €669,022
of which Tax-exempt reserves: +€150,000
- Current portion of long-term debt -€44,592
down €44,592 (-74.3%), from €60,003 to €15,410
- Financial charges +€511,814
up €511,814 (+776%), from €65,987 to €577,801
of which Non-recurring financial charges: +€454,100
- Financial income +€470,882
up €470,882 (+150%), from €314,816 to €785,699
- Other operating charges +€332,715
up €332,715 (+14,575%), from €2,283 to €334,998
- Gross operating margin +€309,100
up €309,100 (+337%), from €91,794 to €400,894
- Depreciation -€21,256
down €21,256 (-75.0%), from €28,353 to €7,097
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 | €3,700,339 | €3,292,971 | -€407,368 | -11.0% |
| Fixed assets | 21/28 | €2,905,753 | €2,675,723 | -€230,030 | -7.9% |
| Tangible fixed assets | 22/27 | €343,833 | €12,353 | -€331,480 | -96.4% |
| Land and buildings | 22 | €330,268 | - | -€330,268 | |
| Furniture and vehicles | 24 | €13,565 | €12,353 | -€1,212 | -8.9% |
| Financial fixed assets | 28 | €2,561,920 | €2,663,370 | +€101,450 | +4.0% |
| Current assets | 29/58 | €794,586 | €617,249 | -€177,337 | -22.3% |
| Amounts receivable within one year | 40/41 | €781,975 | €585,401 | -€196,574 | -25.1% |
| Trade receivables | 40 | €34,931 | €13,657 | -€21,274 | -60.9% |
| Other amounts receivable | 41 | €747,044 | €571,744 | -€175,300 | -23.5% |
| Cash at bank and in hand | 54/58 | €12,349 | €29,569 | +€17,220 | +139% |
| Deferred charges and accrued income | 490/1 | €262 | €2,279 | +€2,016 | +768% |
| Total equity and liabilities | 10/49 | €3,700,339 | €3,292,971 | -€407,368 | -11.0% |
| Equity | 10/15 | €989,164 | €1,231,422 | +€242,258 | +24.5% |
| Contributions | 10/11 | €562,400 | €562,400 | = | 0.0% |
| Reserves | 13 | €426,764 | €669,022 | +€242,258 | +56.8% |
| Non-distributable reserves | 130/1 | €46,800 | - | -€46,800 | |
| Other | 1319 | €46,800 | - | -€46,800 | |
| Tax-exempt reserves | 132 | - | €150,000 | +€150,000 | |
| Distributable reserves | 133 | €379,964 | €519,022 | +€139,058 | +36.6% |
| Amounts payable | 17/49 | €2,711,175 | €2,061,550 | -€649,625 | -24.0% |
| Amounts payable after more than one year | 17 | €1,420,512 | €1,405,102 | -€15,410 | -1.1% |
| Financial debts | 170/4 | €1,420,512 | €1,405,102 | -€15,410 | -1.1% |
| Amounts payable within one year | 42/48 | €1,008,131 | €389,233 | -€618,898 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | €60,003 | €15,410 | -€44,592 | -74.3% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €9,423 | €30,243 | +€20,821 | +221% |
| Suppliers | 440/4 | €9,423 | €30,243 | +€20,821 | +221% |
| Taxes, remuneration and social security | 45 | €58,302 | €68,267 | +€9,966 | +17.1% |
| Taxes | 450/3 | €58,302 | €68,267 | +€9,966 | +17.1% |
| Other amounts payable | 47/48 | €730,404 | €125,312 | -€605,092 | -82.8% |
| Accrued charges and deferred income | 492/3 | €282,532 | €267,215 | -€15,317 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,353 | €7,097 | -€21,256 | -75.0% |
| Other operating charges | 640/8 | €2,283 | €334,998 | +€332,715 | +14,575% |
| Gross operating margin | 9900 | €91,794 | €400,894 | +€309,100 | +337% |
| Operating profit (loss) | 9901 | €61,159 | €58,799 | -€2,360 | -3.9% |
| Financial income | 75/76B | €314,816 | €785,699 | +€470,882 | +150% |
| Recurring financial income | 75 | €314,816 | €785,699 | +€470,882 | +150% |
| Financial charges | 65/66B | €65,987 | €577,801 | +€511,814 | +776% |
| Recurring financial charges | 65 | €65,987 | €123,701 | +€57,714 | +87.5% |
| Non-recurring financial charges | 66B | - | €454,100 | +€454,100 | |
| Profit (loss) for the period before taxes | 9903 | €309,988 | €266,696 | -€43,292 | -14.0% |
| Income taxes | 67/77 | €29,785 | €24,439 | -€5,346 | -17.9% |
| Profit (loss) for the period | 9904 | €280,203 | €242,258 | -€37,945 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €280,203 | €242,258 | -€37,945 | -13.5% |
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 14 October 2026 via checked.be.