MTALSA: 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.
MTALSA
Largest movements
- Receivables within one year -€8,633
no longer reported in 2025 (was €8,633)
- Cash -€2,079
no longer reported in 2025 (was €2,079)
mainly Other debts (-€21,440) and Trade debts (-€611)
- Tangible fixed assets -€686
down €686 (-50.0%), from €1,371 to €686
- Other debts -€21,440
no longer reported in 2025 (was €21,440)
- Profit (loss) carried forward +€6,757
up €6,757, from -€427 to €6,330
- Tax, wage and social debts +€3,896
new in 2025: €3,896
- Trade debts -€611
no longer reported in 2025 (was €611)
- Gross operating margin +€33,457
up €33,457 (+498.2%), from €6,715 to €40,172
- Staff costs +€22,744
up €22,744 (+229.5%), from €9,911 to €32,655
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 | €42,084 | €30,686 | -€11,398 | -27.1% |
| Fixed assets | 21/28 | €31,371 | €30,686 | -€686 | -2.2% |
| Intangible fixed assets | 21 | €30,000 | €30,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,371 | €686 | -€686 | -50.0% |
| Furniture and vehicles | 24 | €1,371 | €686 | -€686 | -50.0% |
| Current assets | 29/58 | €10,713 | - | -€10,713 | |
| Amounts receivable within one year | 40/41 | €8,633 | - | -€8,633 | |
| Other amounts receivable | 41 | €8,633 | - | -€8,633 | |
| Cash at bank and in hand | 54/58 | €2,079 | - | -€2,079 | |
| Total equity and liabilities | 10/49 | €42,084 | €30,686 | -€11,398 | -27.1% |
| Equity | 10/15 | €20,033 | €26,790 | +€6,757 | +33.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€427 | €6,330 | +€6,757 | |
| Amounts payable | 17/49 | €22,051 | €3,896 | -€18,155 | -82.3% |
| Amounts payable within one year | 42/48 | €22,051 | €3,896 | -€18,155 | -82.3% |
| Trade debts | 44 | €611 | - | -€611 | |
| Suppliers | 440/4 | €611 | - | -€611 | |
| Taxes, remuneration and social security | 45 | - | €3,896 | +€3,896 | |
| Taxes | 450/3 | - | €3,896 | +€3,896 | |
| Other amounts payable | 47/48 | €21,440 | - | -€21,440 | |
| Remuneration, social security and pensions | 62 | €9,911 | €32,655 | +€22,744 | +229.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €686 | €686 | = | 0.0% |
| Gross operating margin | 9900 | €6,715 | €40,172 | +€33,457 | +498.2% |
| Operating profit (loss) | 9901 | -€3,881 | €6,831 | +€10,713 | |
| Financial charges | 65/66B | €37 | €74 | +€37 | +100.0% |
| Recurring financial charges | 65 | €37 | €74 | +€37 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,919 | €6,757 | +€10,676 | |
| Profit (loss) for the period | 9904 | -€3,919 | €6,757 | +€10,676 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,919 | €6,757 | +€10,676 |
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 7 October 2026 via checked.be.