MT WORKS: 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 WORKS
Largest movements
- Tangible fixed assets -€15,624
down €15,624 (-22.1%), from €70,846 to €55,223
of which Furniture and vehicles: -€9,511
- Receivables within one year +€2,526
up €2,526 (+83.1%), from €3,042 to €5,568
of which Trade receivables: +€2,740
- Cash -€1,513
down €1,513 (-15.2%), from €9,983 to €8,470
mainly Debts after one year (-€17,147) and Tax, wage and social debts (-€2,823)
- Deferred charges and accrued income +€941
up €941 (+1,336%), from €70 to €1,012
- Financial fixed assets -€855
down €855 (-100%), from €855 to €0
- Debts after one year -€17,147
down €17,147 (-43.5%), from €39,416 to €22,269
- Reserves +€3,807
up €3,807 (+19.1%), from €19,953 to €23,760
- Tax, wage and social debts -€2,823
down €2,823 (-57.9%), from €4,873 to €2,050
of which Taxes: -€2,873
- Trade debts +€1,257
up €1,257 (+47.6%), from €2,643 to €3,901
- Depreciation +€8,037
up €8,037 (+95.1%), from €8,451 to €16,488
- Gross operating margin +€750
up €750 (+3.1%), from €24,582 to €25,332
- Financial charges +€324
up €324 (+17.3%), from €1,876 to €2,201
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 | €84,797 | €70,272 | -€14,524 | -17.1% |
| Fixed assets | 21/28 | €71,701 | €55,223 | -€16,479 | -23.0% |
| Tangible fixed assets | 22/27 | €70,846 | €55,223 | -€15,624 | -22.1% |
| Plant, machinery and equipment | 23 | €1,055 | €1,231 | +€176 | +16.7% |
| Furniture and vehicles | 24 | €40,361 | €30,850 | -€9,511 | -23.6% |
| Leasing and similar rights | 25 | €29,431 | €23,143 | -€6,288 | -21.4% |
| Financial fixed assets | 28 | €855 | €0 | -€855 | -100% |
| Current assets | 29/58 | €13,095 | €15,050 | +€1,954 | +14.9% |
| Amounts receivable within one year | 40/41 | €3,042 | €5,568 | +€2,526 | +83.1% |
| Trade receivables | 40 | €0 | €2,740 | +€2,740 | |
| Other amounts receivable | 41 | €3,042 | €2,828 | -€214 | -7.0% |
| Cash at bank and in hand | 54/58 | €9,983 | €8,470 | -€1,513 | -15.2% |
| Deferred charges and accrued income | 490/1 | €70 | €1,012 | +€941 | +1,336% |
| Total equity and liabilities | 10/49 | €84,797 | €70,272 | -€14,524 | -17.1% |
| Equity | 10/15 | €20,953 | €24,760 | +€3,807 | +18.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,953 | €23,760 | +€3,807 | +19.1% |
| Distributable reserves | 133 | €19,953 | €23,760 | +€3,807 | +19.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €63,844 | €45,512 | -€18,332 | -28.7% |
| Amounts payable after more than one year | 17 | €39,416 | €22,269 | -€17,147 | -43.5% |
| Financial debts | 170/4 | €39,416 | €22,269 | -€17,147 | -43.5% |
| Amounts payable within one year | 42/48 | €24,158 | €23,243 | -€915 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €16,429 | €17,147 | +€717 | +4.4% |
| Trade debts | 44 | €2,643 | €3,901 | +€1,257 | +47.6% |
| Suppliers | 440/4 | €2,643 | €3,901 | +€1,257 | +47.6% |
| Taxes, remuneration and social security | 45 | €4,873 | €2,050 | -€2,823 | -57.9% |
| Taxes | 450/3 | €2,873 | €0 | -€2,873 | -100% |
| Remuneration and social security | 454/9 | €2,000 | €2,050 | +€50 | +2.5% |
| Other amounts payable | 47/48 | €212 | €146 | -€66 | -31.3% |
| Accrued charges and deferred income | 492/3 | €270 | €0 | -€270 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,451 | €16,488 | +€8,037 | +95.1% |
| Other operating charges | 640/8 | €536 | €581 | +€46 | +8.5% |
| Gross operating margin | 9900 | €24,582 | €25,332 | +€750 | +3.1% |
| Operating profit (loss) | 9901 | €15,595 | €8,263 | -€7,332 | -47.0% |
| Financial income | 75/76B | €152 | €218 | +€67 | +43.9% |
| Recurring financial income | 75 | €152 | €218 | +€67 | +43.9% |
| Financial charges | 65/66B | €1,876 | €2,201 | +€324 | +17.3% |
| Recurring financial charges | 65 | €1,876 | €2,201 | +€324 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €13,871 | €6,280 | -€7,590 | -54.7% |
| Income taxes | 67/77 | €2,577 | €2,473 | -€104 | -4.0% |
| Profit (loss) for the period | 9904 | €11,293 | €3,807 | -€7,486 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,293 | €3,807 | -€7,486 | -66.3% |
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 16 October 2026 via checked.be.