MT-Technics: 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-Technics
Largest movements
- Cash +€36,010
up €36,010 (+124.4%), from €28,955 to €64,964
mainly Trade debts (+€41,666) and Depreciation (+€36,932)
- Tangible fixed assets -€31,161
down €31,161 (-10.5%), from €297,533 to €266,372
of which Furniture and vehicles: -€18,990
- Receivables within one year +€16,280
up €16,280 (+23.7%), from €68,832 to €85,112
of which Trade receivables: +€15,162
- Deferred charges and accrued income -€6,724
no longer reported in 2025 (was €6,724)
- Trade debts +€41,666
up €41,666 (+190.7%), from €21,853 to €63,520
- Debts after one year -€38,134
down €38,134 (-23.5%), from €162,029 to €123,895
- Reserves -€28,748
down €28,748 (-19.5%), from €147,769 to €119,021
- Other debts +€28,288
up €28,288 (+148.2%), from €19,087 to €47,375
- Tax, wage and social debts +€10,006
up €10,006 (+120.6%), from €8,299 to €18,304
of which Taxes: +€17,262
- Gross operating margin +€7,043
up €7,043 (+4.0%), from €177,171 to €184,213
- Staff costs +€4,857
up €4,857 (+4.3%), from €111,698 to €116,555
- Taxes +€4,125
up €4,125 (+60.0%), from €6,870 to €10,995
- Financial charges -€3,751
down €3,751 (-46.1%), from €8,136 to €4,385
- Depreciation +€2,666
up €2,666 (+7.8%), from €34,267 to €36,932
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 | €402,044 | €416,448 | +€14,405 | +3.6% |
| Fixed assets | 21/28 | €297,533 | €266,372 | -€31,161 | -10.5% |
| Tangible fixed assets | 22/27 | €297,533 | €266,372 | -€31,161 | -10.5% |
| Land and buildings | 22 | €226,766 | €219,925 | -€6,841 | -3.0% |
| Plant, machinery and equipment | 23 | €2,781 | €2,378 | -€404 | -14.5% |
| Furniture and vehicles | 24 | €58,606 | €39,616 | -€18,990 | -32.4% |
| Leasing and similar rights | 25 | €9,380 | €4,454 | -€4,926 | -52.5% |
| Current assets | 29/58 | €104,511 | €150,076 | +€45,565 | +43.6% |
| Amounts receivable within one year | 40/41 | €68,832 | €85,112 | +€16,280 | +23.7% |
| Trade receivables | 40 | €53,163 | €68,324 | +€15,162 | +28.5% |
| Other amounts receivable | 41 | €15,670 | €16,788 | +€1,118 | +7.1% |
| Cash at bank and in hand | 54/58 | €28,955 | €64,964 | +€36,010 | +124.4% |
| Deferred charges and accrued income | 490/1 | €6,724 | - | -€6,724 | |
| Total equity and liabilities | 10/49 | €402,044 | €416,448 | +€14,405 | +3.6% |
| Equity | 10/15 | €153,969 | €125,221 | -€28,748 | -18.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €147,769 | €119,021 | -€28,748 | -19.5% |
| Distributable reserves | 133 | €147,769 | €119,021 | -€28,748 | -19.5% |
| Amounts payable | 17/49 | €248,075 | €291,228 | +€43,152 | +17.4% |
| Amounts payable after more than one year | 17 | €162,029 | €123,895 | -€38,134 | -23.5% |
| Financial debts | 170/4 | €162,029 | €123,895 | -€38,134 | -23.5% |
| Amounts payable within one year | 42/48 | €85,790 | €167,333 | +€81,542 | +95.0% |
| Current portion of amounts payable after more than one year | 42 | €36,551 | €38,134 | +€1,583 | +4.3% |
| Trade debts | 44 | €21,853 | €63,520 | +€41,666 | +190.7% |
| Suppliers | 440/4 | €21,853 | €63,520 | +€41,666 | +190.7% |
| Taxes, remuneration and social security | 45 | €8,299 | €18,304 | +€10,006 | +120.6% |
| Taxes | 450/3 | €1,042 | €18,304 | +€17,262 | +1656.1% |
| Remuneration and social security | 454/9 | €7,256 | - | -€7,256 | |
| Other amounts payable | 47/48 | €19,087 | €47,375 | +€28,288 | +148.2% |
| Accrued charges and deferred income | 492/3 | €256 | - | -€256 | |
| Non-recurring operating income | 76A | €25,064 | - | -€25,064 | |
| Remuneration, social security and pensions | 62 | €111,698 | €116,555 | +€4,857 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,267 | €36,932 | +€2,666 | +7.8% |
| Other operating charges | 640/8 | €2,372 | €2,467 | +€94 | +4.0% |
| Non-recurring operating charges | 66A | - | €250 | +€250 | |
| Gross operating margin | 9900 | €177,171 | €184,213 | +€7,043 | +4.0% |
| Operating profit (loss) | 9901 | €28,833 | €28,009 | -€824 | -2.9% |
| Financial income | 75/76B | €42 | €15 | -€27 | -63.7% |
| Recurring financial income | 75 | €42 | €15 | -€27 | -63.7% |
| Financial charges | 65/66B | €8,136 | €4,385 | -€3,751 | -46.1% |
| Recurring financial charges | 65 | €8,136 | €4,385 | -€3,751 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €20,739 | €23,639 | +€2,900 | +14.0% |
| Income taxes | 67/77 | €6,870 | €10,995 | +€4,125 | +60.0% |
| Profit (loss) for the period | 9904 | €13,869 | €12,644 | -€1,225 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,869 | €12,644 | -€1,225 | -8.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.