MT2L Management: 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.
MT2L Management
Largest movements
- Tangible fixed assets +€764,091
up €764,091 (+13.8%), from €5.6m to €6.3m
of which Land and buildings: +€770,393
- Debts after one year +€870,395
up €870,395 (+14.1%), from €6.2m to €7.0m
of which Financial debts: +€867,545
- Profit (loss) carried forward -€240,041
down €240,041 (-35.2%), from -€682,821 to -€922,862
- Gross operating margin +€96,767
up €96,767 (+50.8%), from €190,572 to €287,339
- Financial charges +€38,416
up €38,416 (+41.9%), from €91,747 to €130,163
- Staff costs +€27,261
up €27,261 (+53.7%), from €50,799 to €78,060
- Write-downs -€26,956
down €26,956 (-58.9%), from €45,783 to €18,827
- Depreciation -€9,814
down €9,814 (-3.3%), from €294,455 to €284,641
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 | €5,707,397 | €6,409,278 | +€701,881 | +12.3% |
| Fixed assets | 21/28 | €5,550,373 | €6,314,464 | +€764,091 | +13.8% |
| Tangible fixed assets | 22/27 | €5,550,373 | €6,314,464 | +€764,091 | +13.8% |
| Land and buildings | 22 | €5,413,014 | €6,183,407 | +€770,393 | +14.2% |
| Plant, machinery and equipment | 23 | €81,201 | €90,909 | +€9,708 | +12.0% |
| Furniture and vehicles | 24 | €56,158 | €40,148 | -€16,010 | -28.5% |
| Current assets | 29/58 | €157,024 | €94,814 | -€62,210 | -39.6% |
| Amounts receivable within one year | 40/41 | €93,954 | €58,692 | -€35,261 | -37.5% |
| Trade receivables | 40 | €34,854 | €29,573 | -€5,281 | -15.2% |
| Other amounts receivable | 41 | €59,100 | €29,120 | -€29,980 | -50.7% |
| Cash at bank and in hand | 54/58 | €58,601 | €23,070 | -€35,531 | -60.6% |
| Deferred charges and accrued income | 490/1 | €4,469 | €13,051 | +€8,582 | +192.0% |
| Total equity and liabilities | 10/49 | €5,707,397 | €6,409,278 | +€701,881 | +12.3% |
| Equity | 10/15 | -€632,821 | -€872,862 | -€240,041 | -37.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€682,821 | -€922,862 | -€240,041 | -35.2% |
| Amounts payable | 17/49 | €6,340,218 | €7,282,139 | +€941,922 | +14.9% |
| Amounts payable after more than one year | 17 | €6,171,747 | €7,042,142 | +€870,395 | +14.1% |
| Financial debts | 170/4 | €6,170,847 | €7,038,392 | +€867,545 | +14.1% |
| Other amounts payable | 178/9 | €900 | €3,750 | +€2,850 | +316.7% |
| Amounts payable within one year | 42/48 | €116,493 | €179,300 | +€62,807 | +53.9% |
| Current portion of amounts payable after more than one year | 42 | €86,242 | €142,300 | +€56,058 | +65.0% |
| Trade debts | 44 | €18,563 | €19,392 | +€830 | +4.5% |
| Suppliers | 440/4 | €18,563 | €19,392 | +€830 | +4.5% |
| Taxes, remuneration and social security | 45 | €11,688 | €17,607 | +€5,920 | +50.6% |
| Taxes | 450/3 | €1,194 | €1,613 | +€420 | +35.1% |
| Remuneration and social security | 454/9 | €10,494 | €15,994 | +€5,500 | +52.4% |
| Accrued charges and deferred income | 492/3 | €51,978 | €60,698 | +€8,719 | +16.8% |
| Remuneration, social security and pensions | 62 | €50,799 | €78,060 | +€27,261 | +53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294,455 | €284,641 | -€9,814 | -3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45,783 | €18,827 | -€26,956 | -58.9% |
| Other operating charges | 640/8 | €7,229 | €15,506 | +€8,278 | +114.5% |
| Gross operating margin | 9900 | €190,572 | €287,339 | +€96,767 | +50.8% |
| Operating profit (loss) | 9901 | -€207,693 | -€109,695 | +€97,998 | +47.2% |
| Financial income | 75/76B | €5,152 | €9 | -€5,143 | -99.8% |
| Recurring financial income | 75 | €5,152 | €9 | -€5,143 | -99.8% |
| Financial charges | 65/66B | €91,747 | €130,163 | +€38,416 | +41.9% |
| Recurring financial charges | 65 | €91,747 | €130,163 | +€38,416 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | -€294,288 | -€239,849 | +€54,439 | +18.5% |
| Income taxes | 67/77 | €192 | €192 | -€0 | -0.2% |
| Profit (loss) for the period | 9904 | -€294,480 | -€240,041 | +€54,440 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€294,480 | -€240,041 | +€54,440 | +18.5% |
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 3 October 2026 via checked.be.