MT2F: 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.
MT2F
Largest movements
- Cash -€4,521
down €4,521 (-37.7%), from €11,985 to €7,465
mainly Investment in fixed assets (net) (-€9,088) and Current portion of long-term debt (-€5,324)
- Receivables within one year +€1,949
up €1,949 (+73.3%), from €2,659 to €4,608
- Intangible fixed assets -€903
down €903 (-79.5%), from €1,136 to €233
- Current portion of long-term debt -€5,324
down €5,324 (-87.7%), from €6,071 to €748
- Profit (loss) carried forward +€1,915
up €1,915 (+9.8%), from €19,476 to €21,391
- Tax, wage and social debts +€1,377
up €1,377 (+16.8%), from €8,196 to €9,573
- Trade debts -€1,162
down €1,162 (-13.4%), from €8,673 to €7,511
- Debts after one year -€748
down €748 (-36.0%), from €2,074 to €1,326
- Gross operating margin +€7,178
up €7,178 (+9.6%), from €74,419 to €81,597
- Financial charges +€3,431
up €3,431 (+505.4%), from €679 to €4,110
- Staff costs +€1,804
up €1,804 (+3.0%), from €60,766 to €62,571
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 | €59,372 | €56,076 | -€3,296 | -5.6% |
| Fixed assets | 21/28 | €42,023 | €41,453 | -€570 | -1.4% |
| Intangible fixed assets | 21 | €1,136 | €233 | -€903 | -79.5% |
| Tangible fixed assets | 22/27 | €40,887 | €41,220 | +€332 | +0.8% |
| Plant, machinery and equipment | 23 | €2,084 | €7,140 | +€5,056 | +242.6% |
| Furniture and vehicles | 24 | €2,645 | €1,908 | -€738 | -27.9% |
| Other tangible fixed assets | 26 | €36,158 | €32,172 | -€3,986 | -11.0% |
| Current assets | 29/58 | €17,349 | €14,624 | -€2,725 | -15.7% |
| Amounts receivable within one year | 40/41 | €2,659 | €4,608 | +€1,949 | +73.3% |
| Other amounts receivable | 41 | €2,659 | €4,608 | +€1,949 | +73.3% |
| Cash at bank and in hand | 54/58 | €11,985 | €7,465 | -€4,521 | -37.7% |
| Deferred charges and accrued income | 490/1 | €2,705 | €2,551 | -€154 | -5.7% |
| Total equity and liabilities | 10/49 | €59,372 | €56,076 | -€3,296 | -5.6% |
| Equity | 10/15 | €21,976 | €23,891 | +€1,915 | +8.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,476 | €21,391 | +€1,915 | +9.8% |
| Amounts payable | 17/49 | €37,396 | €32,186 | -€5,211 | -13.9% |
| Amounts payable after more than one year | 17 | €2,074 | €1,326 | -€748 | -36.0% |
| Financial debts | 170/4 | €2,074 | €1,326 | -€748 | -36.0% |
| Amounts payable within one year | 42/48 | €35,322 | €30,859 | -€4,463 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €6,071 | €748 | -€5,324 | -87.7% |
| Trade debts | 44 | €8,673 | €7,511 | -€1,162 | -13.4% |
| Suppliers | 440/4 | €8,673 | €7,511 | -€1,162 | -13.4% |
| Taxes, remuneration and social security | 45 | €8,196 | €9,573 | +€1,377 | +16.8% |
| Remuneration and social security | 454/9 | €8,196 | €9,573 | +€1,377 | +16.8% |
| Other amounts payable | 47/48 | €12,382 | €13,027 | +€646 | +5.2% |
| Remuneration, social security and pensions | 62 | €60,766 | €62,571 | +€1,804 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,893 | €9,658 | +€765 | +8.6% |
| Other operating charges | 640/8 | €1,250 | €793 | -€458 | -36.6% |
| Gross operating margin | 9900 | €74,419 | €81,597 | +€7,178 | +9.6% |
| Operating profit (loss) | 9901 | €3,509 | €8,576 | +€5,066 | +144.4% |
| Financial charges | 65/66B | €679 | €4,110 | +€3,431 | +505.4% |
| Recurring financial charges | 65 | €679 | €4,110 | +€3,431 | +505.4% |
| Profit (loss) for the period before taxes | 9903 | €2,831 | €4,466 | +€1,635 | +57.8% |
| Income taxes | 67/77 | €2,341 | €2,551 | +€209 | +8.9% |
| Profit (loss) for the period | 9904 | €489 | €1,915 | +€1,426 | +291.5% |
| Profit (loss) for the period to be appropriated | 9905 | €489 | €1,915 | +€1,426 | +291.5% |
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 8 October 2026 via checked.be.