MT COURT: what changed
What changed
MT COURT
filed annual accounts (NBB)
Net result for the year
-€421,099
2024 · -€418,973-€2,126
Equity
-€1.2m
2024 · -€729,238-€421,099
Cash
€836
2024 · €5,303-€4,468
Balance sheet total
€6.6m
2024 · €6.5m+€138,156
Largest movements
Assets
- Tangible fixed assets +€143,301
up €143,301 (+2.2%), from €6.4m to €6.6m
of which Land and buildings: +€143,301
Equity and liabilities
- Other debts +€476,267
up €476,267 (+16.4%), from €2.9m to €3.4m
- Profit (loss) carried forward -€421,099
down €421,099 (-43.0%), from -€979,238 to -€1.4m
- Trade debts +€83,989
up €83,989 (+153%), from €54,761 to €138,750
Income statement
- Depreciation +€72,038
up €72,038 (+38.6%), from €186,511 to €258,549
- Gross operating margin +€45,467
up €45,467 (+50.7%), from -€89,707 to -€44,241
- Financial charges -€24,602
down €24,602 (-20.1%), from €122,488 to €97,886
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€418,973
Gross operating margin
+€45,467
Depreciation
-€72,038
Other operating charges
-€158
Financial income
+€0
Financial charges
+€24,602
Result 2025
-€421,099
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€397,382
Investment
-€401,850
Financing
€0
Cash 2024
€5,303
From operations (derived)
+€397,382
Net result for the year
-€421,099
Depreciation
+€258,549
Smaller working-capital items
-€323
Trade debts
+€83,989
Other debts
+€476,267
Investment (derived)
-€401,850
Investment in fixed assets (net)
-€401,850
Cash 2025
€836
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,489,274 | €6,627,430 | +€138,156 | +2.1% |
| Fixed assets | 21/28 | €6,428,544 | €6,571,845 | +€143,301 | +2.2% |
| Tangible fixed assets | 22/27 | €6,428,544 | €6,571,845 | +€143,301 | +2.2% |
| Land and buildings | 22 | €6,428,544 | €6,571,845 | +€143,301 | +2.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €60,729 | €55,585 | -€5,145 | -8.5% |
| Amounts receivable within one year | 40/41 | €55,426 | €54,749 | -€677 | -1.2% |
| Trade receivables | 40 | €55,426 | €54,749 | -€677 | -1.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,303 | €836 | -€4,468 | -84.2% |
| Total equity and liabilities | 10/49 | €6,489,274 | €6,627,430 | +€138,156 | +2.1% |
| Equity | 10/15 | -€729,238 | -€1,150,337 | -€421,099 | -57.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€979,238 | -€1,400,337 | -€421,099 | -43.0% |
| Amounts payable | 17/49 | €7,218,512 | €7,777,767 | +€559,255 | +7.7% |
| Amounts payable after more than one year | 17 | €4,260,000 | €4,260,000 | = | 0.0% |
| Financial debts | 170/4 | €4,260,000 | €4,260,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,958,512 | €3,517,767 | +€559,255 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €54,761 | €138,750 | +€83,989 | +153% |
| Suppliers | 440/4 | €54,761 | €138,750 | +€83,989 | +153% |
| Taxes, remuneration and social security | 45 | €1,480 | €480 | -€1,000 | -67.6% |
| Taxes | 450/3 | €1,480 | €480 | -€1,000 | -67.6% |
| Other amounts payable | 47/48 | €2,902,270 | €3,378,537 | +€476,267 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,511 | €258,549 | +€72,038 | +38.6% |
| Other operating charges | 640/8 | €20,266 | €20,424 | +€158 | +0.8% |
| Gross operating margin | 9900 | -€89,707 | -€44,241 | +€45,467 | +50.7% |
| Operating profit (loss) | 9901 | -€296,485 | -€323,213 | -€26,729 | -9.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €122,488 | €97,886 | -€24,602 | -20.1% |
| Recurring financial charges | 65 | €122,488 | €97,886 | -€24,602 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€418,973 | -€421,099 | -€2,126 | -0.5% |
| Profit (loss) for the period | 9904 | -€418,973 | -€421,099 | -€2,126 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€418,973 | -€421,099 | -€2,126 | -0.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.