MT Investment: what changed
What changed
MT Investment
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€7,355
2024 · -€5,294+€12,649
Equity
€20,713
2024 · €13,358+€7,355
Cash
€163
2024 · €1,223-€1,060
Balance sheet total
€511,169
2024 · €509,293+€1,877
Largest movements
Assets
- Receivables within one year +€10,892
up €10,892 (+199%), from €5,473 to €16,365
of which Trade receivables: +€10,859
- Tangible fixed assets -€10,006
down €10,006 (-2.0%), from €491,682 to €481,676
of which Land and buildings: -€9,409
Equity and liabilities
- Debts after one year -€23,051
down €23,051 (-8.1%), from €285,845 to €262,794
- Profit (loss) carried forward +€6,642
up €6,642, from -€6,642 to €0
- Tax, wage and social debts +€6,362
up €6,362 (+111%), from €5,731 to €12,093
of which Taxes: +€6,712
- Other debts +€5,298
up €5,298 (+2.9%), from €182,605 to €187,903
Income statement
- Gross operating margin +€19,173
up €19,173 (+320%), from €5,996 to €25,169
- Other operating charges +€2,245
up €2,245 (+2,994%), from €75 to €2,320
- Taxes +€2,118
new in 2025: €2,118
- Financial charges +€1,653
up €1,653 (+96.3%), from €1,717 to €3,370
- Depreciation +€398
up €398 (+4.1%), from €9,608 to €10,006
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
-€5,294
Gross operating margin
+€19,173
Depreciation
-€398
Other operating charges
-€2,245
Financial income
-€110
Financial charges
-€1,653
Taxes
-€2,118
Result 2025
€7,355
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
+€19,761
Investment
€0
Financing
-€20,820
Cash 2024
€1,223
From operations (derived)
+€19,761
Net result for the year
+€7,355
Depreciation
+€10,006
Stocks and contracts
-€2,051
Receivables within one year
-€10,892
Trade debts
+€3,682
Tax, wage and social debts
+€6,362
Other debts
+€5,298
Financing
-€20,820
Debts after one year
-€23,051
Current portion of long-term debt
+€2,230
Cash 2025
€163
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €509,293 | €511,169 | +€1,877 | +0.4% |
| Fixed assets | 21/28 | €491,682 | €481,676 | -€10,006 | -2.0% |
| Tangible fixed assets | 22/27 | €491,682 | €481,676 | -€10,006 | -2.0% |
| Land and buildings | 22 | €489,895 | €480,486 | -€9,409 | -1.9% |
| Plant, machinery and equipment | 23 | €767 | €434 | -€333 | -43.5% |
| Furniture and vehicles | 24 | €1,020 | €756 | -€264 | -25.9% |
| Current assets | 29/58 | €17,611 | €29,493 | +€11,883 | +67.5% |
| Stocks and contracts in progress | 3 | €915 | €2,965 | +€2,051 | +224% |
| Stocks | 30/36 | €915 | €2,965 | +€2,051 | +224% |
| Amounts receivable within one year | 40/41 | €5,473 | €16,365 | +€10,892 | +199% |
| Trade receivables | 40 | €5,316 | €16,175 | +€10,859 | +204% |
| Other amounts receivable | 41 | €157 | €190 | +€33 | +21.1% |
| Cash at bank and in hand | 54/58 | €1,223 | €163 | -€1,060 | -86.7% |
| Deferred charges and accrued income | 490/1 | €10,000 | €10,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €509,293 | €511,169 | +€1,877 | +0.4% |
| Equity | 10/15 | €13,358 | €20,713 | +€7,355 | +55.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €713 | +€713 | |
| Distributable reserves | 133 | - | €713 | +€713 | |
| Profit (loss) carried forward | 14 | -€6,642 | €0 | +€6,642 | |
| Amounts payable | 17/49 | €495,935 | €490,457 | -€5,478 | -1.1% |
| Amounts payable after more than one year | 17 | €285,845 | €262,794 | -€23,051 | -8.1% |
| Financial debts | 170/4 | €285,845 | €262,794 | -€23,051 | -8.1% |
| Amounts payable within one year | 42/48 | €210,090 | €227,662 | +€17,572 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €21,754 | €23,984 | +€2,230 | +10.3% |
| Trade debts | 44 | €0 | €3,682 | +€3,682 | |
| Suppliers | 440/4 | €0 | €3,682 | +€3,682 | |
| Taxes, remuneration and social security | 45 | €5,731 | €12,093 | +€6,362 | +111% |
| Taxes | 450/3 | €3,031 | €9,743 | +€6,712 | +221% |
| Remuneration and social security | 454/9 | €2,700 | €2,350 | -€350 | -13.0% |
| Other amounts payable | 47/48 | €182,605 | €187,903 | +€5,298 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,608 | €10,006 | +€398 | +4.1% |
| Other operating charges | 640/8 | €75 | €2,320 | +€2,245 | +2,994% |
| Gross operating margin | 9900 | €5,996 | €25,169 | +€19,173 | +320% |
| Operating profit (loss) | 9901 | -€3,687 | €12,843 | +€16,530 | |
| Financial income | 75/76B | €110 | €0 | -€110 | -100% |
| Recurring financial income | 75 | €110 | €0 | -€110 | -100% |
| Financial charges | 65/66B | €1,717 | €3,370 | +€1,653 | +96.3% |
| Recurring financial charges | 65 | €1,717 | €3,370 | +€1,653 | +96.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,294 | €9,473 | +€14,767 | |
| Income taxes | 67/77 | - | €2,118 | +€2,118 | |
| Profit (loss) for the period | 9904 | -€5,294 | €7,355 | +€12,649 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,294 | €7,355 | +€12,649 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.