MT-DECOR: 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-DECOR
Largest movements
- Receivables within one year +€60,429
up €60,429 (+223.8%), from €26,998 to €87,427
of which Trade receivables: +€64,456
- Cash +€27,618
up €27,618 (+33.1%), from €83,318 to €110,937
mainly Net result for the year (+€48,705) and Trade debts (+€24,440)
- Tangible fixed assets +€21,328
up €21,328 (+124.3%), from €17,154 to €38,482
of which Furniture and vehicles: +€21,103
- Deferred charges and accrued income -€3,538
down €3,538 (-66.2%), from €5,348 to €1,810
- Profit (loss) carried forward +€48,705
up €48,705 (+61.8%), from €78,818 to €127,523
- Trade debts +€24,440
up €24,440 (+75.5%), from €32,378 to €56,817
of which Suppliers: +€34,322
- Debts after one year +€19,202
up €19,202 (+323.7%), from €5,933 to €25,134
- Current portion of long-term debt +€6,811
up €6,811 (+197.1%), from €3,456 to €10,267
- Tax, wage and social debts +€6,680
up €6,680 (+149.7%), from €4,464 to €11,144
of which Taxes: +€6,862
- Turnover +€201,511
up €201,511 (+44.2%), from €455,430 to €656,941
- Purchases and services +€162,529
up €162,529 (+39.3%), from €413,592 to €576,121
- Gross operating margin +€44,993
up €44,993 (+103.6%), from €43,440 to €88,433
- Taxes +€9,927
up €9,927 (+140.4%), from €7,073 to €17,000
- Depreciation +€7,402
up €7,402 (+66.2%), from €11,182 to €18,584
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 | €133,109 | €238,946 | +€105,837 | +79.5% |
| Fixed assets | 21/28 | €17,444 | €38,772 | +€21,328 | +122.3% |
| Tangible fixed assets | 22/27 | €17,154 | €38,482 | +€21,328 | +124.3% |
| Plant, machinery and equipment | 23 | €1,657 | €1,882 | +€225 | +13.6% |
| Furniture and vehicles | 24 | €15,497 | €36,600 | +€21,103 | +136.2% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €115,665 | €200,174 | +€84,509 | +73.1% |
| Amounts receivable within one year | 40/41 | €26,998 | €87,427 | +€60,429 | +223.8% |
| Trade receivables | 40 | €22,587 | €87,044 | +€64,456 | +285.4% |
| Other amounts receivable | 41 | €4,411 | €383 | -€4,028 | -91.3% |
| Cash at bank and in hand | 54/58 | €83,318 | €110,937 | +€27,618 | +33.1% |
| Deferred charges and accrued income | 490/1 | €5,348 | €1,810 | -€3,538 | -66.2% |
| Total equity and liabilities | 10/49 | €133,109 | €238,946 | +€105,837 | +79.5% |
| Equity | 10/15 | €86,878 | €135,583 | +€48,705 | +56.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,818 | €127,523 | +€48,705 | +61.8% |
| Amounts payable | 17/49 | €46,230 | €103,363 | +€57,132 | +123.6% |
| Amounts payable after more than one year | 17 | €5,933 | €25,134 | +€19,202 | +323.7% |
| Financial debts | 170/4 | €5,933 | €25,134 | +€19,202 | +323.7% |
| Amounts payable within one year | 42/48 | €40,298 | €78,228 | +€37,931 | +94.1% |
| Current portion of amounts payable after more than one year | 42 | €3,456 | €10,267 | +€6,811 | +197.1% |
| Trade debts | 44 | €32,378 | €56,817 | +€24,440 | +75.5% |
| Suppliers | 440/4 | - | €34,322 | +€34,322 | |
| Bills of exchange payable | 441 | €32,378 | €22,495 | -€9,883 | -30.5% |
| Taxes, remuneration and social security | 45 | €4,464 | €11,144 | +€6,680 | +149.7% |
| Taxes | 450/3 | €138 | €7,000 | +€6,862 | +4962.9% |
| Remuneration and social security | 454/9 | €4,325 | €4,144 | -€181 | -4.2% |
| Turnover | 70 | €455,430 | €656,941 | +€201,511 | +44.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €413,592 | €576,121 | +€162,529 | +39.3% |
| Remuneration, social security and pensions | 62 | - | €336 | +€336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,182 | €18,584 | +€7,402 | +66.2% |
| Other operating charges | 640/8 | €1,329 | €1,093 | -€236 | -17.7% |
| Gross operating margin | 9900 | €43,440 | €88,433 | +€44,993 | +103.6% |
| Operating profit (loss) | 9901 | €30,928 | €68,419 | +€37,491 | +121.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -23.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -23.1% |
| Financial charges | 65/66B | €1,249 | €2,715 | +€1,465 | +117.3% |
| Recurring financial charges | 65 | €1,249 | €2,715 | +€1,465 | +117.3% |
| Profit (loss) for the period before taxes | 9903 | €29,679 | €65,705 | +€36,025 | +121.4% |
| Income taxes | 67/77 | €7,073 | €17,000 | +€9,927 | +140.4% |
| Profit (loss) for the period | 9904 | €22,606 | €48,705 | +€26,098 | +115.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,606 | €48,705 | +€26,098 | +115.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.