MT Law: what changed
Two fiscal 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 Law
Largest movements
- Cash -€33,639
down €33,639 (-77.2%), from €43,601 to €9,962
mainly Contributions, distributions and other (-€42,234) and Receivables within one year (-€20,023)
- Receivables within one year +€20,023
up €20,023 (+28.1%), from €71,239 to €91,262
of which Other amounts receivable: +€20,044
- Deferred charges and accrued income -€4,787
down €4,787 (-32.4%), from €14,775 to €9,988
- Tangible fixed assets +€3,739
up €3,739 (+126.6%), from €2,952 to €6,691
- Reserves -€14,325
down €14,325 (-13.8%), from €104,024 to €89,700
- Tax, wage and social debts -€1,860
down €1,860 (-7.7%), from €24,021 to €22,161
- Trade debts +€1,446
up €1,446 (+99.2%), from €1,457 to €2,903
- Gross operating margin -€18,162
down €18,162 (-34.5%), from €52,671 to €34,509
- Taxes -€3,571
down €3,571 (-31.1%), from €11,495 to €7,924
- Depreciation +€789
up €789 (+74.9%), from €1,053 to €1,842
- Other operating charges -€608
down €608 (-45.9%), from €1,324 to €716
- Financial income +€552
up €552 (+15.6%), from €3,533 to €4,085
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 | €132,569 | €117,904 | -€14,665 | -11.1% |
| Fixed assets | 21/28 | €2,952 | €6,691 | +€3,739 | +126.6% |
| Tangible fixed assets | 22/27 | €2,952 | €6,691 | +€3,739 | +126.6% |
| Furniture and vehicles | 24 | €2,952 | €6,691 | +€3,739 | +126.6% |
| Current assets | 29/58 | €129,616 | €111,213 | -€18,403 | -14.2% |
| Amounts receivable within one year | 40/41 | €71,239 | €91,262 | +€20,023 | +28.1% |
| Trade receivables | 40 | €21 | €0 | -€21 | -100.0% |
| Other amounts receivable | 41 | €71,218 | €91,262 | +€20,044 | +28.1% |
| Cash at bank and in hand | 54/58 | €43,601 | €9,962 | -€33,639 | -77.2% |
| Deferred charges and accrued income | 490/1 | €14,775 | €9,988 | -€4,787 | -32.4% |
| Total equity and liabilities | 10/49 | €132,569 | €117,904 | -€14,665 | -11.1% |
| Equity | 10/15 | €107,024 | €92,700 | -€14,325 | -13.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €104,024 | €89,700 | -€14,325 | -13.8% |
| Distributable reserves | 133 | €104,024 | €89,700 | -€14,325 | -13.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €25,544 | €25,204 | -€340 | -1.3% |
| Amounts payable within one year | 42/48 | €25,479 | €25,064 | -€415 | -1.6% |
| Trade debts | 44 | €1,457 | €2,903 | +€1,446 | +99.2% |
| Suppliers | 440/4 | €1,457 | €2,903 | +€1,446 | +99.2% |
| Taxes, remuneration and social security | 45 | €24,021 | €22,161 | -€1,860 | -7.7% |
| Taxes | 450/3 | €24,021 | €22,161 | -€1,860 | -7.7% |
| Accrued charges and deferred income | 492/3 | €66 | €140 | +€75 | +113.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,053 | €1,842 | +€789 | +74.9% |
| Other operating charges | 640/8 | €1,324 | €716 | -€608 | -45.9% |
| Gross operating margin | 9900 | €52,671 | €34,509 | -€18,162 | -34.5% |
| Operating profit (loss) | 9901 | €50,294 | €31,951 | -€18,343 | -36.5% |
| Financial income | 75/76B | €3,533 | €4,085 | +€552 | +15.6% |
| Recurring financial income | 75 | €3,533 | €4,085 | +€552 | +15.6% |
| Financial charges | 65/66B | €151 | €203 | +€51 | +33.8% |
| Recurring financial charges | 65 | €151 | €203 | +€51 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €53,676 | €35,833 | -€17,842 | -33.2% |
| Income taxes | 67/77 | €11,495 | €7,924 | -€3,571 | -31.1% |
| Profit (loss) for the period | 9904 | €42,181 | €27,910 | -€14,271 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,181 | €27,910 | -€14,271 | -33.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.