MT RENOVATION: 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 RENOVATION
Largest movements
- Receivables within one year +€21,604
up €21,604 (+91.6%), from €23,577 to €45,181
of which Trade receivables: +€20,027
- Cash +€13,480
up €13,480 (+239%), from €5,643 to €19,123
mainly Net result for the year (+€34,163) and Depreciation (+€10,846)
- Stocks and contracts +€4,596
up €4,596 (+91.9%), from €5,000 to €9,596
- Tangible fixed assets +€1,414
up €1,414 (+6.0%), from €23,381 to €24,795
of which Plant, machinery and equipment: +€1,937
- Profit (loss) carried forward +€29,836
up €29,836 (+456%), from €6,540 to €36,376
- Advances received +€10,000
new in 2025: €10,000
- Other debts -€8,545
down €8,545 (-17.5%), from €48,777 to €40,233
- Trade debts +€6,669
up €6,669 (+4,179%), from €160 to €6,829
- Tax, wage and social debts +€2,953
up €2,953 (+184%), from €1,607 to €4,559
- Gross operating margin +€46,882
up €46,882 (+399%), from €11,748 to €58,630
- Taxes +€8,363
up €8,363 (+574%), from €1,458 to €9,820
- Depreciation +€5,856
up €5,856 (+117%), from €4,990 to €10,846
- Financial charges +€2,366
up €2,366 (+354%), from €669 to €3,035
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.
Derived cash bridge
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 | €60,084 | €100,997 | +€40,913 | +68.1% |
| Fixed assets | 21/28 | €23,561 | €24,795 | +€1,234 | +5.2% |
| Tangible fixed assets | 22/27 | €23,381 | €24,795 | +€1,414 | +6.0% |
| Plant, machinery and equipment | 23 | - | €1,937 | +€1,937 | |
| Furniture and vehicles | 24 | €23,381 | €22,858 | -€523 | -2.2% |
| Financial fixed assets | 28 | €180 | €0 | -€180 | -100% |
| Current assets | 29/58 | €36,523 | €76,202 | +€39,679 | +109% |
| Stocks and contracts in progress | 3 | €5,000 | €9,596 | +€4,596 | +91.9% |
| Stocks | 30/36 | €5,000 | €9,596 | +€4,596 | +91.9% |
| Amounts receivable within one year | 40/41 | €23,577 | €45,181 | +€21,604 | +91.6% |
| Trade receivables | 40 | €17,576 | €37,603 | +€20,027 | +114% |
| Other amounts receivable | 41 | €6,001 | €7,578 | +€1,577 | +26.3% |
| Cash at bank and in hand | 54/58 | €5,643 | €19,123 | +€13,480 | +239% |
| Deferred charges and accrued income | 490/1 | €2,303 | €2,302 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €60,084 | €100,997 | +€40,913 | +68.1% |
| Equity | 10/15 | €9,540 | €39,376 | +€29,836 | +313% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,540 | €36,376 | +€29,836 | +456% |
| Amounts payable | 17/49 | €50,543 | €61,621 | +€11,077 | +21.9% |
| Amounts payable within one year | 42/48 | €50,543 | €61,621 | +€11,077 | +21.9% |
| Trade debts | 44 | €160 | €6,829 | +€6,669 | +4,179% |
| Suppliers | 440/4 | €160 | €6,829 | +€6,669 | +4,179% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €1,607 | €4,559 | +€2,953 | +184% |
| Taxes | 450/3 | €1,607 | €4,559 | +€2,953 | +184% |
| Other amounts payable | 47/48 | €48,777 | €40,233 | -€8,545 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,990 | €10,846 | +€5,856 | +117% |
| Other operating charges | 640/8 | €732 | €767 | +€35 | +4.8% |
| Gross operating margin | 9900 | €11,748 | €58,630 | +€46,882 | +399% |
| Operating profit (loss) | 9901 | €6,027 | €47,018 | +€40,991 | +680% |
| Financial income | 75/76B | €5 | €0 | -€5 | -97.3% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -97.3% |
| Financial charges | 65/66B | €669 | €3,035 | +€2,366 | +354% |
| Recurring financial charges | 65 | €669 | €3,035 | +€2,366 | +354% |
| Profit (loss) for the period before taxes | 9903 | €5,363 | €43,983 | +€38,621 | +720% |
| Income taxes | 67/77 | €1,458 | €9,820 | +€8,363 | +574% |
| Profit (loss) for the period | 9904 | €3,905 | €34,163 | +€30,258 | +775% |
| Profit (loss) for the period to be appropriated | 9905 | €3,905 | €34,163 | +€30,258 | +775% |
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 19 October 2026 via checked.be.