MT CONNECT: 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 CONNECT
Largest movements
- Tangible fixed assets -€17,398
down €17,398 (-58.7%), from €29,646 to €12,248
of which Furniture and vehicles: -€16,463
- Receivables within one year -€9,425
down €9,425 (-3.8%), from €250,034 to €240,609
of which Other amounts receivable: -€11,150
- Cash +€3,769
up €3,769 (+93527.0%), from €4 to €3,773
mainly Trade debts (+€15,434) and Receivables within one year (+€9,425)
- Profit (loss) carried forward -€18,500
no longer reported in 2025 (was €18,500)
- Trade debts +€15,434
up €15,434 (+53.2%), from €29,019 to €44,454
- Current portion of long-term debt -€10,722
down €10,722 (-36.1%), from €29,690 to €18,968
- Accrued charges and deferred income -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Reserves +€8,309
up €8,309 (+4.5%), from €185,588 to €193,897
- Gross operating margin -€109,852
down €109,852 (-75.4%), from €145,625 to €35,772
- Staff costs -€41,473
down €41,473 (-49.7%), from €83,472 to €41,999
- Depreciation -€17,690
down €17,690 (-68.4%), from €25,855 to €8,164
- Taxes -€14,839
down €14,839 (-98.9%), from €15,000 to €161
- Other operating charges +€2,551
up €2,551 (+210.6%), from €1,212 to €3,763
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 | €282,546 | €261,629 | -€20,917 | -7.4% |
| Fixed assets | 21/28 | €31,549 | €14,151 | -€17,398 | -55.1% |
| Tangible fixed assets | 22/27 | €29,646 | €12,248 | -€17,398 | -58.7% |
| Plant, machinery and equipment | 23 | €4,921 | €2,013 | -€2,908 | -59.1% |
| Furniture and vehicles | 24 | €24,725 | €8,263 | -€16,463 | -66.6% |
| Other tangible fixed assets | 26 | - | €1,973 | +€1,973 | |
| Financial fixed assets | 28 | €1,902 | €1,902 | = | 0.0% |
| Current assets | 29/58 | €250,998 | €247,478 | -€3,520 | -1.4% |
| Amounts receivable within one year | 40/41 | €250,034 | €240,609 | -€9,425 | -3.8% |
| Trade receivables | 40 | €25,564 | €27,289 | +€1,725 | +6.7% |
| Other amounts receivable | 41 | €224,469 | €213,319 | -€11,150 | -5.0% |
| Cash at bank and in hand | 54/58 | €4 | €3,773 | +€3,769 | +93527.0% |
| Deferred charges and accrued income | 490/1 | €960 | €3,096 | +€2,136 | +222.6% |
| Total equity and liabilities | 10/49 | €282,546 | €261,629 | -€20,917 | -7.4% |
| Equity | 10/15 | €206,588 | €196,397 | -€10,191 | -4.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €185,588 | €193,897 | +€8,309 | +4.5% |
| Distributable reserves | 133 | €185,588 | €193,897 | +€8,309 | +4.5% |
| Profit (loss) carried forward | 14 | €18,500 | - | -€18,500 | |
| Amounts payable | 17/49 | €75,958 | €65,232 | -€10,726 | -14.1% |
| Amounts payable after more than one year | 17 | €6,468 | €0 | -€6,468 | -100.0% |
| Financial debts | 170/4 | €6,468 | €0 | -€6,468 | -100.0% |
| Amounts payable within one year | 42/48 | €59,490 | €65,232 | +€5,742 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €29,690 | €18,968 | -€10,722 | -36.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €29,019 | €44,454 | +€15,434 | +53.2% |
| Suppliers | 440/4 | €29,019 | €44,454 | +€15,434 | +53.2% |
| Taxes, remuneration and social security | 45 | €781 | €1,810 | +€1,029 | +131.8% |
| Taxes | 450/3 | €781 | €1,810 | +€1,029 | +131.8% |
| Accrued charges and deferred income | 492/3 | €10,000 | €0 | -€10,000 | -100.0% |
| Non-recurring operating income | 76A | €1,653 | €15,196 | +€13,544 | +819.4% |
| Remuneration, social security and pensions | 62 | €83,472 | €41,999 | -€41,473 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,855 | €8,164 | -€17,690 | -68.4% |
| Other operating charges | 640/8 | €1,212 | €3,763 | +€2,551 | +210.6% |
| Non-recurring operating charges | 66A | €1,395 | €0 | -€1,395 | -100.0% |
| Gross operating margin | 9900 | €145,625 | €35,772 | -€109,852 | -75.4% |
| Operating profit (loss) | 9901 | €33,692 | -€18,154 | -€51,846 | |
| Financial income | 75/76B | €1,525 | €1,646 | +€121 | +7.9% |
| Recurring financial income | 75 | €1,525 | €1,646 | +€121 | +7.9% |
| Financial charges | 65/66B | €1,717 | €788 | -€928 | -54.1% |
| Recurring financial charges | 65 | €1,717 | €788 | -€928 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €33,500 | -€17,297 | -€50,797 | |
| Income taxes | 67/77 | €15,000 | €161 | -€14,839 | -98.9% |
| Profit (loss) for the period | 9904 | €18,500 | -€17,457 | -€35,958 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,500 | -€17,457 | -€35,958 |
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 12 October 2026 via checked.be.