MT Project: 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 Project
Largest movements
- Cash -€17,824
down €17,824 (-59.2%), from €30,130 to €12,306
mainly Trade debts (-€32,858) and Tax, wage and social debts (-€11,089)
- Receivables within one year -€15,290
down €15,290 (-50.2%), from €30,436 to €15,146
of which Trade receivables: -€9,876
- Tangible fixed assets -€6,354
down €6,354 (-49.1%), from €12,939 to €6,585
of which Furniture and vehicles: -€6,563
- Stocks and contracts +€3,500
new in 2026: €3,500
- Trade debts -€32,858
down €32,858 (-76.9%), from €42,702 to €9,844
- Tax, wage and social debts -€11,089
down €11,089 (-60.3%), from €18,377 to €7,288
of which Taxes: -€9,657
- Profit (loss) carried forward +€8,641
up €8,641 (+70.6%), from €12,242 to €20,883
- Depreciation +€2,765
up €2,765 (+459.3%), from €602 to €3,367
- Other operating charges -€426
down €426 (-5.0%), from €8,541 to €8,115
- Gross operating margin +€287
up €287 (+1.1%), from €26,411 to €26,698
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,821 | €38,514 | -€35,307 | -47.8% |
| Fixed assets | 21/28 | €12,939 | €6,585 | -€6,354 | -49.1% |
| Tangible fixed assets | 22/27 | €12,939 | €6,585 | -€6,354 | -49.1% |
| Plant, machinery and equipment | 23 | €915 | €1,124 | +€209 | +22.8% |
| Furniture and vehicles | 24 | €12,024 | €5,461 | -€6,563 | -54.6% |
| Current assets | 29/58 | €60,882 | €31,929 | -€28,953 | -47.6% |
| Stocks and contracts in progress | 3 | - | €3,500 | +€3,500 | |
| Stocks | 30/36 | - | €3,500 | +€3,500 | |
| Amounts receivable within one year | 40/41 | €30,436 | €15,146 | -€15,290 | -50.2% |
| Trade receivables | 40 | €19,771 | €9,895 | -€9,876 | -50.0% |
| Other amounts receivable | 41 | €10,665 | €5,251 | -€5,414 | -50.8% |
| Cash at bank and in hand | 54/58 | €30,130 | €12,306 | -€17,824 | -59.2% |
| Deferred charges and accrued income | 490/1 | €316 | €977 | +€661 | +209.1% |
| Total equity and liabilities | 10/49 | €73,821 | €38,514 | -€35,307 | -47.8% |
| Equity | 10/15 | €12,742 | €21,383 | +€8,641 | +67.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,242 | €20,883 | +€8,641 | +70.6% |
| Amounts payable | 17/49 | €61,079 | €17,131 | -€43,948 | -72.0% |
| Amounts payable within one year | 42/48 | €61,079 | €17,131 | -€43,948 | -72.0% |
| Trade debts | 44 | €42,702 | €9,844 | -€32,858 | -76.9% |
| Suppliers | 440/4 | €42,702 | €9,844 | -€32,858 | -76.9% |
| Taxes, remuneration and social security | 45 | €18,377 | €7,288 | -€11,089 | -60.3% |
| Taxes | 450/3 | €14,977 | €5,320 | -€9,657 | -64.5% |
| Remuneration and social security | 454/9 | €3,400 | €1,968 | -€1,432 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €602 | €3,367 | +€2,765 | +459.3% |
| Other operating charges | 640/8 | €8,541 | €8,115 | -€426 | -5.0% |
| Gross operating margin | 9900 | €26,411 | €26,698 | +€287 | +1.1% |
| Operating profit (loss) | 9901 | €17,268 | €15,215 | -€2,053 | -11.9% |
| Financial charges | 65/66B | €1,533 | €1,549 | +€16 | +1.0% |
| Recurring financial charges | 65 | €1,533 | €1,549 | +€16 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €15,735 | €13,666 | -€2,069 | -13.1% |
| Income taxes | 67/77 | €5,283 | €5,025 | -€259 | -4.9% |
| Profit (loss) for the period | 9904 | €10,452 | €8,642 | -€1,810 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,452 | €8,642 | -€1,810 | -17.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.