MT ESTATE: 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 ESTATE
Largest movements
- Cash -€235,029
down €235,029 (-88.1%), from €266,790 to €31,761
mainly Receivables within one year (-€170,771) and Debts after one year (-€150,139)
- Receivables within one year +€170,771
up €170,771 (+41.4%), from €412,759 to €583,530
of which Other amounts receivable: +€170,000
- Tangible fixed assets -€107,070
down €107,070 (-3.8%), from €2.8m to €2.7m
of which Land and buildings: -€106,617
- Debts after one year -€150,139
down €150,139 (-9.4%), from €1.6m to €1.5m
- Profit (loss) carried forward +€78,328
up €78,328 (+9.0%), from €869,194 to €947,522
- Tax, wage and social debts -€75,797
down €75,797 (-57.6%), from €131,576 to €55,779
- Taxes +€22,044
up €22,044 (+476.4%), from €4,628 to €26,672
- Gross operating margin +€18,193
up €18,193 (+7.4%), from €245,956 to €264,148
- Financial income +€4,581
up €4,581 (+23.1%), from €19,856 to €24,436
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 | €3,511,894 | €3,345,304 | -€166,590 | -4.7% |
| Fixed assets | 21/28 | €2,812,489 | €2,705,577 | -€106,912 | -3.8% |
| Tangible fixed assets | 22/27 | €2,811,618 | €2,704,548 | -€107,070 | -3.8% |
| Land and buildings | 22 | €2,807,588 | €2,700,971 | -€106,617 | -3.8% |
| Plant, machinery and equipment | 23 | €4,030 | €3,577 | -€453 | -11.2% |
| Financial fixed assets | 28 | €871 | €1,029 | +€158 | +18.1% |
| Current assets | 29/58 | €699,405 | €639,728 | -€59,677 | -8.5% |
| Amounts receivable within one year | 40/41 | €412,759 | €583,530 | +€170,771 | +41.4% |
| Trade receivables | 40 | €9,032 | €9,802 | +€771 | +8.5% |
| Other amounts receivable | 41 | €403,727 | €573,727 | +€170,000 | +42.1% |
| Cash at bank and in hand | 54/58 | €266,790 | €31,761 | -€235,029 | -88.1% |
| Deferred charges and accrued income | 490/1 | €19,856 | €24,436 | +€4,581 | +23.1% |
| Total equity and liabilities | 10/49 | €3,511,894 | €3,345,304 | -€166,590 | -4.7% |
| Equity | 10/15 | €919,194 | €997,522 | +€78,328 | +8.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €869,194 | €947,522 | +€78,328 | +9.0% |
| Amounts payable | 17/49 | €2,592,700 | €2,347,782 | -€244,918 | -9.4% |
| Amounts payable after more than one year | 17 | €1,605,047 | €1,454,908 | -€150,139 | -9.4% |
| Financial debts | 170/4 | €1,605,047 | €1,454,908 | -€150,139 | -9.4% |
| Amounts payable within one year | 42/48 | €955,920 | €860,322 | -€95,598 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €148,790 | €155,139 | +€6,348 | +4.3% |
| Trade debts | 44 | €4,962 | €3,373 | -€1,589 | -32.0% |
| Suppliers | 440/4 | €4,962 | €3,373 | -€1,589 | -32.0% |
| Taxes, remuneration and social security | 45 | €131,576 | €55,779 | -€75,797 | -57.6% |
| Taxes | 450/3 | €131,576 | €55,779 | -€75,797 | -57.6% |
| Other amounts payable | 47/48 | €670,591 | €646,031 | -€24,560 | -3.7% |
| Accrued charges and deferred income | 492/3 | €31,732 | €32,551 | +€819 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,070 | €107,070 | = | 0.0% |
| Other operating charges | 640/8 | €17,367 | €15,834 | -€1,533 | -8.8% |
| Gross operating margin | 9900 | €245,956 | €264,148 | +€18,193 | +7.4% |
| Operating profit (loss) | 9901 | €121,518 | €141,243 | +€19,725 | +16.2% |
| Financial income | 75/76B | €19,856 | €24,436 | +€4,581 | +23.1% |
| Recurring financial income | 75 | €19,856 | €24,436 | +€4,581 | +23.1% |
| Financial charges | 65/66B | €61,188 | €60,680 | -€509 | -0.8% |
| Recurring financial charges | 65 | €61,188 | €60,680 | -€509 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €80,186 | €105,000 | +€24,814 | +30.9% |
| Income taxes | 67/77 | €4,628 | €26,672 | +€22,044 | +476.4% |
| Profit (loss) for the period | 9904 | €75,559 | €78,328 | +€2,770 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €75,559 | €78,328 | +€2,770 | +3.7% |
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 9 October 2026 via checked.be.