MT Med: 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 Med
Largest movements
- Tangible fixed assets +€73,537
up €73,537 (+371.5%), from €19,793 to €93,330
of which Other tangible fixed assets: +€74,929
- Deferred charges and accrued income +€32,845
up €32,845 (+51.6%), from €63,690 to €96,535
- Cash -€20,547
down €20,547 (-27.9%), from €73,603 to €53,057
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€83,198)
- Receivables within one year +€16,815
up €16,815 (+236.5%), from €7,109 to €23,924
of which Other amounts receivable: +€16,815
- Debts after one year +€57,067
new in 2025: €57,067
- Other debts +€53,300
new in 2025: €53,300
- Profit (loss) carried forward -€13,153
down €13,153 (-10.3%), from €127,300 to €114,147
- Current portion of long-term debt +€9,904
new in 2025: €9,904
- Tax, wage and social debts -€4,314
down €4,314 (-25.1%), from €17,169 to €12,855
- Gross operating margin +€27,258
up €27,258 (+26.1%), from €104,498 to €131,756
- Financial charges +€5,554
up €5,554 (+925.0%), from €600 to €6,154
- Depreciation +€5,351
up €5,351 (+124.1%), from €4,311 to €9,661
- Other operating charges +€3,338
up €3,338 (+152.6%), from €2,187 to €5,525
- Taxes +€3,026
up €3,026 (+14.3%), from €21,155 to €24,181
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 | €164,195 | €266,846 | +€102,651 | +62.5% |
| Fixed assets | 21/28 | €19,793 | €93,330 | +€73,537 | +371.5% |
| Tangible fixed assets | 22/27 | €19,793 | €93,330 | +€73,537 | +371.5% |
| Furniture and vehicles | 24 | €1,392 | €0 | -€1,392 | -100.0% |
| Other tangible fixed assets | 26 | €18,401 | €93,330 | +€74,929 | +407.2% |
| Current assets | 29/58 | €144,402 | €173,516 | +€29,114 | +20.2% |
| Amounts receivable within one year | 40/41 | €7,109 | €23,924 | +€16,815 | +236.5% |
| Trade receivables | 40 | €1,336 | €1,336 | = | 0.0% |
| Other amounts receivable | 41 | €5,773 | €22,588 | +€16,815 | +291.2% |
| Cash at bank and in hand | 54/58 | €73,603 | €53,057 | -€20,547 | -27.9% |
| Deferred charges and accrued income | 490/1 | €63,690 | €96,535 | +€32,845 | +51.6% |
| Total equity and liabilities | 10/49 | €164,195 | €266,846 | +€102,651 | +62.5% |
| Equity | 10/15 | €146,394 | €133,241 | -€13,153 | -9.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €15,593 | €15,593 | = | 0.0% |
| Distributable reserves | 133 | €15,593 | €15,593 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,300 | €114,147 | -€13,153 | -10.3% |
| Amounts payable | 17/49 | €17,801 | €133,605 | +€115,804 | +650.5% |
| Amounts payable after more than one year | 17 | - | €57,067 | +€57,067 | |
| Financial debts | 170/4 | - | €57,067 | +€57,067 | |
| Amounts payable within one year | 42/48 | €17,801 | €76,538 | +€58,737 | +330.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,904 | +€9,904 | |
| Trade debts | 44 | €633 | €479 | -€153 | -24.2% |
| Suppliers | 440/4 | €633 | €479 | -€153 | -24.2% |
| Taxes, remuneration and social security | 45 | €17,169 | €12,855 | -€4,314 | -25.1% |
| Taxes | 450/3 | €17,169 | €12,855 | -€4,314 | -25.1% |
| Other amounts payable | 47/48 | - | €53,300 | +€53,300 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,214 | €0 | -€4,214 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,311 | €9,661 | +€5,351 | +124.1% |
| Other operating charges | 640/8 | €2,187 | €5,525 | +€3,338 | +152.6% |
| Gross operating margin | 9900 | €104,498 | €131,756 | +€27,258 | +26.1% |
| Operating profit (loss) | 9901 | €98,000 | €116,570 | +€18,570 | +18.9% |
| Financial income | 75/76B | €316 | €612 | +€296 | +93.9% |
| Recurring financial income | 75 | €316 | €612 | +€296 | +93.9% |
| Financial charges | 65/66B | €600 | €6,154 | +€5,554 | +925.0% |
| Recurring financial charges | 65 | €600 | €6,154 | +€5,554 | +925.0% |
| Profit (loss) for the period before taxes | 9903 | €97,715 | €111,028 | +€13,312 | +13.6% |
| Income taxes | 67/77 | €21,155 | €24,181 | +€3,026 | +14.3% |
| Profit (loss) for the period | 9904 | €76,561 | €86,847 | +€10,286 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,561 | €86,847 | +€10,286 | +13.4% |
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 30 September 2026 via checked.be.