MTA CONSEIL: 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.
MTA CONSEIL
Largest movements
- Cash +€73,780
up €73,780 (+183.1%), from €40,301 to €114,081
mainly Net result for the year (+€69,383) and Other debts (+€63,288)
- Tangible fixed assets -€21,169
down €21,169 (-4.6%), from €455,977 to €434,808
of which Land and buildings: -€17,527
- Receivables within one year +€7,138
up €7,138 (+11.6%), from €61,356 to €68,494
- Other debts +€63,288
up €63,288 (+132.5%), from €47,766 to €111,054
- Reserves -€20,857
down €20,857 (-4.8%), from €434,539 to €413,682
of which Distributable reserves: -€20,857
- Trade debts +€13,973
up €13,973 (+85.6%), from €16,326 to €30,299
- Tax, wage and social debts +€13,486
up €13,486 (+35.5%), from €37,978 to €51,464
of which Taxes: +€9,267
- Debts after one year -€12,003
down €12,003 (-62.7%), from €19,132 to €7,129
- Other operating charges -€7,124
down €7,124 (-81.5%), from €8,737 to €1,613
- Gross operating margin +€6,119
up €6,119 (+4.7%), from €129,468 to €135,587
- Taxes +€3,341
up €3,341 (+13.3%), from €25,185 to €28,526
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 | €568,309 | €626,632 | +€58,323 | +10.3% |
| Fixed assets | 21/28 | €456,027 | €435,183 | -€20,844 | -4.6% |
| Tangible fixed assets | 22/27 | €455,977 | €434,808 | -€21,169 | -4.6% |
| Land and buildings | 22 | €358,983 | €341,456 | -€17,527 | -4.9% |
| Plant, machinery and equipment | 23 | €5,829 | €8,425 | +€2,596 | +44.5% |
| Furniture and vehicles | 24 | €35,271 | €31,219 | -€4,052 | -11.5% |
| Other tangible fixed assets | 26 | €55,895 | €53,708 | -€2,187 | -3.9% |
| Financial fixed assets | 28 | €50 | €375 | +€325 | +650.0% |
| Current assets | 29/58 | €112,282 | €191,449 | +€79,167 | +70.5% |
| Amounts receivable within one year | 40/41 | €61,356 | €68,494 | +€7,138 | +11.6% |
| Trade receivables | 40 | €61,356 | €68,494 | +€7,138 | +11.6% |
| Current investments | 50/53 | €862 | €862 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,301 | €114,081 | +€73,780 | +183.1% |
| Deferred charges and accrued income | 490/1 | €9,764 | €8,013 | -€1,751 | -17.9% |
| Total equity and liabilities | 10/49 | €568,309 | €626,632 | +€58,323 | +10.3% |
| Equity | 10/15 | €434,540 | €413,683 | -€20,857 | -4.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €434,539 | €413,682 | -€20,857 | -4.8% |
| Tax-exempt reserves | 132 | €244 | €244 | = | 0.0% |
| Distributable reserves | 133 | €434,295 | €413,438 | -€20,857 | -4.8% |
| Amounts payable | 17/49 | €133,769 | €212,949 | +€79,179 | +59.2% |
| Amounts payable after more than one year | 17 | €19,132 | €7,129 | -€12,003 | -62.7% |
| Financial debts | 170/4 | €19,132 | €7,129 | -€12,003 | -62.7% |
| Amounts payable within one year | 42/48 | €114,638 | €204,820 | +€90,182 | +78.7% |
| Current portion of amounts payable after more than one year | 42 | €11,732 | €12,003 | +€270 | +2.3% |
| Trade debts | 44 | €16,326 | €30,299 | +€13,973 | +85.6% |
| Suppliers | 440/4 | €16,326 | €30,299 | +€13,973 | +85.6% |
| Advances received on contracts in progress | 46 | €835 | - | -€835 | |
| Taxes, remuneration and social security | 45 | €37,978 | €51,464 | +€13,486 | +35.5% |
| Taxes | 450/3 | €37,978 | €47,246 | +€9,267 | +24.4% |
| Remuneration and social security | 454/9 | - | €4,219 | +€4,219 | |
| Other amounts payable | 47/48 | €47,766 | €111,054 | +€63,288 | +132.5% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Non-recurring operating income | 76A | - | €14,256 | +€14,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,031 | €34,022 | +€991 | +3.0% |
| Other operating charges | 640/8 | €8,737 | €1,613 | -€7,124 | -81.5% |
| Non-recurring operating charges | 66A | - | €99 | +€99 | |
| Gross operating margin | 9900 | €129,468 | €135,587 | +€6,119 | +4.7% |
| Operating profit (loss) | 9901 | €87,700 | €99,854 | +€12,154 | +13.9% |
| Financial income | 75/76B | €379 | €146 | -€234 | -61.6% |
| Recurring financial income | 75 | €379 | €146 | -€234 | -61.6% |
| Financial charges | 65/66B | €2,907 | €2,091 | -€817 | -28.1% |
| Recurring financial charges | 65 | €2,907 | €2,091 | -€817 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €85,172 | €97,909 | +€12,737 | +15.0% |
| Income taxes | 67/77 | €25,185 | €28,526 | +€3,341 | +13.3% |
| Profit (loss) for the period | 9904 | €59,987 | €69,383 | +€9,396 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,987 | €69,383 | +€9,396 | +15.7% |
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 5 October 2026 via checked.be.