MT-events: 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-events
Largest movements
- Tangible fixed assets -€30,819
down €30,819 (-6.3%), from €489,957 to €459,138
of which Land and buildings: -€19,632
- Cash -€30,512
down €30,512 (-31.1%), from €98,169 to €67,657
mainly Trade debts (-€49,402) and Debts after one year (-€44,321)
- Reserves +€50,825
up €50,825 (+33.8%), from €150,284 to €201,109
- Trade debts -€49,402
down €49,402 (-92.7%), from €53,307 to €3,906
- Debts after one year -€44,321
down €44,321 (-16.0%), from €277,041 to €232,720
- Advances received -€16,917
down €16,917 (-29.8%), from €56,762 to €39,845
- Short-term financial debts -€11,620
down €11,620 (-63.2%), from €18,380 to €6,760
- Gross operating margin +€13,098
up €13,098 (+13.4%), from €97,704 to €110,802
- Taxes +€8,173
up €8,173 (+44.0%), from €18,559 to €26,733
- Other operating charges -€7,572
down €7,572 (-77.8%), from €9,734 to €2,162
- Financial income +€4,218
up €4,218 (+423%), from €997 to €5,215
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.
Derived cash bridge
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 | €642,470 | €576,408 | -€66,062 | -10.3% |
| Fixed assets | 21/28 | €489,957 | €459,138 | -€30,819 | -6.3% |
| Tangible fixed assets | 22/27 | €489,957 | €459,138 | -€30,819 | -6.3% |
| Land and buildings | 22 | €457,134 | €437,502 | -€19,632 | -4.3% |
| Plant, machinery and equipment | 23 | €31,323 | €21,636 | -€9,687 | -30.9% |
| Furniture and vehicles | 24 | €1,500 | €0 | -€1,500 | -100% |
| Current assets | 29/58 | €152,513 | €117,271 | -€35,242 | -23.1% |
| Stocks and contracts in progress | 3 | €8,000 | €7,500 | -€500 | -6.3% |
| Stocks | 30/36 | €8,000 | €7,500 | -€500 | -6.3% |
| Amounts receivable within one year | 40/41 | €41,489 | €37,345 | -€4,144 | -10.0% |
| Trade receivables | 40 | €16,049 | €20,439 | +€4,391 | +27.4% |
| Other amounts receivable | 41 | €25,441 | €16,906 | -€8,535 | -33.5% |
| Cash at bank and in hand | 54/58 | €98,169 | €67,657 | -€30,512 | -31.1% |
| Deferred charges and accrued income | 490/1 | €4,855 | €4,769 | -€86 | -1.8% |
| Total equity and liabilities | 10/49 | €642,470 | €576,408 | -€66,062 | -10.3% |
| Equity | 10/15 | €182,583 | €233,407 | +€50,825 | +27.8% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €150,284 | €201,109 | +€50,825 | +33.8% |
| Distributable reserves | 133 | €150,284 | €201,109 | +€50,825 | +33.8% |
| Profit (loss) carried forward | 14 | €10,299 | €10,299 | = | 0.0% |
| Amounts payable | 17/49 | €459,887 | €343,001 | -€116,886 | -25.4% |
| Amounts payable after more than one year | 17 | €277,041 | €232,720 | -€44,321 | -16.0% |
| Financial debts | 170/4 | €277,041 | €232,720 | -€44,321 | -16.0% |
| Amounts payable within one year | 42/48 | €177,896 | €104,736 | -€73,161 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €43,589 | €44,321 | +€732 | +1.7% |
| Financial debts | 43 | €18,380 | €6,760 | -€11,620 | -63.2% |
| Credit institutions | 430/8 | €18,380 | €6,760 | -€11,620 | -63.2% |
| Trade debts | 44 | €53,307 | €3,906 | -€49,402 | -92.7% |
| Suppliers | 440/4 | €53,307 | €3,906 | -€49,402 | -92.7% |
| Advances received on contracts in progress | 46 | €56,762 | €39,845 | -€16,917 | -29.8% |
| Taxes, remuneration and social security | 45 | €5,858 | €9,905 | +€4,047 | +69.1% |
| Taxes | 450/3 | €5,858 | €9,905 | +€4,047 | +69.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,950 | €5,545 | +€595 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,868 | €30,819 | -€1,049 | -3.3% |
| Other operating charges | 640/8 | €9,734 | €2,162 | -€7,572 | -77.8% |
| Gross operating margin | 9900 | €97,704 | €110,802 | +€13,098 | +13.4% |
| Operating profit (loss) | 9901 | €56,102 | €77,821 | +€21,719 | +38.7% |
| Financial income | 75/76B | €997 | €5,215 | +€4,218 | +423% |
| Recurring financial income | 75 | €997 | €5,215 | +€4,218 | +423% |
| Financial charges | 65/66B | €6,014 | €5,479 | -€535 | -8.9% |
| Recurring financial charges | 65 | €6,014 | €5,479 | -€535 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €51,085 | €77,557 | +€26,472 | +51.8% |
| Income taxes | 67/77 | €18,559 | €26,733 | +€8,173 | +44.0% |
| Profit (loss) for the period | 9904 | €32,526 | €50,825 | +€18,298 | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,526 | €50,825 | +€18,298 | +56.3% |
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 14 October 2026 via checked.be.