MT CONCEPT: what changed
Two fiscal 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 CONCEPT
Largest movements
- Receivables within one year -€178,975
down €178,975 (-34.4%), from €519,937 to €340,962
of which Other amounts receivable: -€209,225
- Current investments -€98,276
down €98,276 (-24.3%), from €404,597 to €306,321
- Tangible fixed assets -€23,336
down €23,336 (-3.7%), from €631,564 to €608,228
of which Land and buildings: -€17,181
- Other debts -€162,564
down €162,564 (-93.5%), from €173,857 to €11,293
- Reserves -€134,000
down €134,000 (-12.6%), from €1.1m to €932,500
- Debts after one year -€21,891
down €21,891 (-6.2%), from €350,561 to €328,670
- Gross operating margin +€27,730
up €27,730 (+29.7%), from €93,501 to €121,231
- Taxes +€6,918
up €6,918 (+45.7%), from €15,146 to €22,064
- Financial income -€4,412
down €4,412 (-39.5%), from €11,158 to €6,746
- Depreciation +€2,070
up €2,070 (+7.6%), from €27,327 to €29,397
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.
Cash bridge derived
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 | €1,651,372 | €1,341,263 | -€310,109 | -18.8% |
| Fixed assets | 21/28 | €631,564 | €608,228 | -€23,336 | -3.7% |
| Tangible fixed assets | 22/27 | €631,564 | €608,228 | -€23,336 | -3.7% |
| Land and buildings | 22 | €614,575 | €597,394 | -€17,181 | -2.8% |
| Furniture and vehicles | 24 | €12,579 | €7,054 | -€5,525 | -43.9% |
| Other tangible fixed assets | 26 | €4,410 | €3,780 | -€630 | -14.3% |
| Current assets | 29/58 | €1,019,808 | €733,035 | -€286,773 | -28.1% |
| Amounts receivable within one year | 40/41 | €519,937 | €340,962 | -€178,975 | -34.4% |
| Trade receivables | 40 | - | €30,250 | +€30,250 | |
| Other amounts receivable | 41 | €519,937 | €310,712 | -€209,225 | -40.2% |
| Current investments | 50/53 | €404,597 | €306,321 | -€98,276 | -24.3% |
| Cash at bank and in hand | 54/58 | €95,274 | €85,752 | -€9,522 | -10.0% |
| Total equity and liabilities | 10/49 | €1,651,372 | €1,341,263 | -€310,109 | -18.8% |
| Equity | 10/15 | €1,092,203 | €958,292 | -€133,911 | -12.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,066,500 | €932,500 | -€134,000 | -12.6% |
| Distributable reserves | 133 | €1,066,500 | €932,500 | -€134,000 | -12.6% |
| Profit (loss) carried forward | 14 | €7,153 | €7,242 | +€89 | +1.2% |
| Amounts payable | 17/49 | €559,169 | €382,971 | -€176,198 | -31.5% |
| Amounts payable after more than one year | 17 | €350,561 | €328,670 | -€21,891 | -6.2% |
| Financial debts | 170/4 | €350,561 | €328,670 | -€21,891 | -6.2% |
| Amounts payable within one year | 42/48 | €205,208 | €54,301 | -€150,907 | -73.5% |
| Current portion of amounts payable after more than one year | 42 | €21,036 | €24,848 | +€3,812 | +18.1% |
| Trade debts | 44 | €8,815 | €1,147 | -€7,668 | -87.0% |
| Suppliers | 440/4 | €8,815 | €1,147 | -€7,668 | -87.0% |
| Taxes, remuneration and social security | 45 | €1,500 | €17,013 | +€15,513 | +1034.2% |
| Taxes | 450/3 | €1,500 | €17,013 | +€15,513 | +1034.2% |
| Other amounts payable | 47/48 | €173,857 | €11,293 | -€162,564 | -93.5% |
| Accrued charges and deferred income | 492/3 | €3,400 | - | -€3,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,327 | €29,397 | +€2,070 | +7.6% |
| Other operating charges | 640/8 | €5,566 | €5,607 | +€41 | +0.7% |
| Gross operating margin | 9900 | €93,501 | €121,231 | +€27,730 | +29.7% |
| Operating profit (loss) | 9901 | €60,608 | €86,227 | +€25,619 | +42.3% |
| Financial income | 75/76B | €11,158 | €6,746 | -€4,412 | -39.5% |
| Recurring financial income | 75 | €11,158 | €6,746 | -€4,412 | -39.5% |
| Financial charges | 65/66B | €15,635 | €14,820 | -€815 | -5.2% |
| Recurring financial charges | 65 | €15,635 | €14,820 | -€815 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €56,131 | €78,153 | +€22,022 | +39.2% |
| Income taxes | 67/77 | €15,146 | €22,064 | +€6,918 | +45.7% |
| Profit (loss) for the period | 9904 | €40,985 | €56,089 | +€15,104 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,985 | €56,089 | +€15,104 | +36.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.