MT Holding: 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 Holding
Largest movements
- Receivables within one year +€47,035
up €47,035 (+36.4%), from €129,041 to €176,076
of which Trade receivables: +€47,035
- Debts after one year -€92,783
down €92,783 (-13.8%), from €671,711 to €578,928
of which Financial debts: -€92,783
- Profit (loss) carried forward +€84,329
up €84,329 (+60.4%), from €139,574 to €223,903
- Other debts +€43,277
up €43,277 (+12.7%), from €340,148 to €383,425
- Tax, wage and social debts +€29,658
up €29,658 (+42.4%), from €69,922 to €99,580
of which Taxes: +€21,146
- Taxes +€11,425
up €11,425 (+57.0%), from €20,051 to €31,476
- Gross operating margin -€9,160
down €9,160 (-6.4%), from €144,090 to €134,930
- Financial charges -€3,949
down €3,949 (-18.4%), from €21,488 to €17,539
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 | €1,389,768 | €1,439,426 | +€49,658 | +3.6% |
| Fixed assets | 21/28 | €1,260,721 | €1,260,721 | = | 0.0% |
| Tangible fixed assets | 22/27 | €900,721 | €900,721 | = | 0.0% |
| Land and buildings | 22 | €900,721 | €900,721 | = | 0.0% |
| Financial fixed assets | 28 | €360,000 | €360,000 | = | 0.0% |
| Current assets | 29/58 | €129,047 | €178,705 | +€49,658 | +38.5% |
| Amounts receivable within one year | 40/41 | €129,041 | €176,076 | +€47,035 | +36.4% |
| Trade receivables | 40 | €125,231 | €172,266 | +€47,035 | +37.6% |
| Other amounts receivable | 41 | €3,810 | €3,810 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5 | €2,629 | +€2,623 | +49780.1% |
| Total equity and liabilities | 10/49 | €1,389,768 | €1,439,426 | +€49,658 | +3.6% |
| Equity | 10/15 | €164,574 | €248,903 | +€84,329 | +51.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,574 | €223,903 | +€84,329 | +60.4% |
| Amounts payable | 17/49 | €1,225,194 | €1,190,523 | -€34,671 | -2.8% |
| Amounts payable after more than one year | 17 | €671,711 | €578,928 | -€92,783 | -13.8% |
| Financial debts | 170/4 | €669,479 | €576,696 | -€92,783 | -13.9% |
| Other amounts payable | 178/9 | €2,231 | €2,231 | = | 0.0% |
| Amounts payable within one year | 42/48 | €533,735 | €597,033 | +€63,298 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €114,477 | €112,854 | -€1,622 | -1.4% |
| Financial debts | 43 | €1 | €0 | -€1 | -100.0% |
| Credit institutions | 430/8 | €1 | €0 | -€1 | -100.0% |
| Trade debts | 44 | €9,187 | €1,173 | -€8,014 | -87.2% |
| Suppliers | 440/4 | €9,187 | €1,173 | -€8,014 | -87.2% |
| Taxes, remuneration and social security | 45 | €69,922 | €99,580 | +€29,658 | +42.4% |
| Taxes | 450/3 | €33,712 | €54,858 | +€21,146 | +62.7% |
| Remuneration and social security | 454/9 | €36,210 | €44,722 | +€8,512 | +23.5% |
| Other amounts payable | 47/48 | €340,148 | €383,425 | +€43,277 | +12.7% |
| Accrued charges and deferred income | 492/3 | €19,748 | €14,563 | -€5,185 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €163 | €1,586 | +€1,423 | +871.9% |
| Gross operating margin | 9900 | €144,090 | €134,930 | -€9,160 | -6.4% |
| Operating profit (loss) | 9901 | €143,927 | €133,343 | -€10,583 | -7.4% |
| Financial income | 75/76B | €141 | €0 | -€141 | -100.0% |
| Recurring financial income | 75 | €141 | €0 | -€141 | -100.0% |
| Financial charges | 65/66B | €21,488 | €17,539 | -€3,949 | -18.4% |
| Recurring financial charges | 65 | €21,488 | €17,539 | -€3,949 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €122,580 | €115,805 | -€6,775 | -5.5% |
| Income taxes | 67/77 | €20,051 | €31,476 | +€11,425 | +57.0% |
| Profit (loss) for the period | 9904 | €102,529 | €84,329 | -€18,200 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €102,529 | €84,329 | -€18,200 | -17.8% |
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 11 October 2026 via checked.be.