MT CONSTRUCT: 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 CONSTRUCT
Largest movements
- Current investments +€100,505
new in 2024: €100,505
- Cash -€51,537
down €51,537 (-17.3%), from €297,278 to €245,741
mainly Current investments (-€100,505) and Receivables within one year (-€32,200)
- Receivables within one year +€32,200
up €32,200 (+344.6%), from €9,345 to €41,545
of which Trade receivables: +€21,113
- Tangible fixed assets -€24,141
down €24,141 (-11.1%), from €216,606 to €192,465
of which Land and buildings: -€24,456
- Reserves +€59,000
up €59,000 (+16.9%), from €348,869 to €407,869
of which Distributable reserves: +€59,000
- Tax, wage and social debts +€19,902
up €19,902 (+83.2%), from €23,924 to €43,826
of which Taxes: +€22,152
- Debts after one year -€18,400
down €18,400 (-25.3%), from €72,813 to €54,413
- Trade debts -€9,105
down €9,105 (-73.2%), from €12,438 to €3,333
- Gross operating margin -€71,793
down €71,793 (-35.6%), from €201,633 to €129,840
- Depreciation -€21,274
down €21,274 (-44.7%), from €47,634 to €26,360
- Taxes -€14,782
down €14,782 (-37.9%), from €39,045 to €24,263
- Financial charges -€5,194
down €5,194 (-46.0%), from €11,300 to €6,106
- Other operating charges -€2,315
down €2,315 (-46.8%), from €4,942 to €2,627
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 | €638,824 | €691,134 | +€52,310 | +8.2% |
| Fixed assets | 21/28 | €216,693 | €192,552 | -€24,141 | -11.1% |
| Tangible fixed assets | 22/27 | €216,606 | €192,465 | -€24,141 | -11.1% |
| Land and buildings | 22 | €212,958 | €188,502 | -€24,456 | -11.5% |
| Plant, machinery and equipment | 23 | €196 | €51 | -€145 | -74.0% |
| Furniture and vehicles | 24 | €3,452 | €3,912 | +€460 | +13.3% |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €422,131 | €498,582 | +€76,451 | +18.1% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Other amounts receivable | 291 | €110,000 | €110,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,345 | €41,545 | +€32,200 | +344.6% |
| Trade receivables | 40 | - | €21,113 | +€21,113 | |
| Other amounts receivable | 41 | €9,345 | €20,432 | +€11,087 | +118.6% |
| Current investments | 50/53 | - | €100,505 | +€100,505 | |
| Cash at bank and in hand | 54/58 | €297,278 | €245,741 | -€51,537 | -17.3% |
| Deferred charges and accrued income | 490/1 | €5,508 | €791 | -€4,717 | -85.6% |
| Total equity and liabilities | 10/49 | €638,824 | €691,134 | +€52,310 | +8.2% |
| Equity | 10/15 | €486,557 | €545,778 | +€59,221 | +12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €348,869 | €407,869 | +€59,000 | +16.9% |
| Tax-exempt reserves | 132 | €24,800 | €24,800 | = | 0.0% |
| Distributable reserves | 133 | €324,069 | €383,069 | +€59,000 | +18.2% |
| Profit (loss) carried forward | 14 | €131,488 | €131,709 | +€221 | +0.2% |
| Provisions and deferred taxes | 16 | €11,679 | €11,679 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €11,679 | €11,679 | = | 0.0% |
| Pensions and similar obligations | 160 | €11,679 | €11,679 | = | 0.0% |
| Amounts payable | 17/49 | €140,588 | €133,677 | -€6,911 | -4.9% |
| Amounts payable after more than one year | 17 | €72,813 | €54,413 | -€18,400 | -25.3% |
| Financial debts | 170/4 | €72,813 | €54,413 | -€18,400 | -25.3% |
| Amounts payable within one year | 42/48 | €67,775 | €79,264 | +€11,489 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €19,413 | €20,105 | +€692 | +3.6% |
| Trade debts | 44 | €12,438 | €3,333 | -€9,105 | -73.2% |
| Suppliers | 440/4 | €12,438 | €3,333 | -€9,105 | -73.2% |
| Taxes, remuneration and social security | 45 | €23,924 | €43,826 | +€19,902 | +83.2% |
| Taxes | 450/3 | €21,674 | €43,826 | +€22,152 | +102.2% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €12,000 | €12,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,634 | €26,360 | -€21,274 | -44.7% |
| Other operating charges | 640/8 | €4,942 | €2,627 | -€2,315 | -46.8% |
| Non-recurring operating charges | 66A | €668 | - | -€668 | |
| Gross operating margin | 9900 | €201,633 | €129,840 | -€71,793 | -35.6% |
| Operating profit (loss) | 9901 | €148,389 | €100,853 | -€47,536 | -32.0% |
| Financial income | 75/76B | €38 | €737 | +€699 | +1839.5% |
| Recurring financial income | 75 | €38 | €737 | +€699 | +1839.5% |
| Financial charges | 65/66B | €11,300 | €6,106 | -€5,194 | -46.0% |
| Recurring financial charges | 65 | €11,300 | €6,106 | -€5,194 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €137,127 | €95,484 | -€41,643 | -30.4% |
| Income taxes | 67/77 | €39,045 | €24,263 | -€14,782 | -37.9% |
| Profit (loss) for the period | 9904 | €98,082 | €71,221 | -€26,861 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €98,082 | €71,221 | -€26,861 | -27.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2023 and 30 November 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.