MTB: 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.
MTB
Largest movements
- Tangible fixed assets +€188,716
up €188,716 (+1710.1%), from €11,036 to €199,751
of which Land and buildings: +€190,169
- Cash +€122,612
up €122,612 (+11746.4%), from €1,044 to €123,656
mainly Other debts (+€333,010) and Depreciation (+€27,793)
- Receivables within one year -€9,033
down €9,033 (-93.1%), from €9,701 to €668
of which Trade receivables: -€9,680
- Other debts +€333,010
up €333,010 (+1776.2%), from €18,749 to €351,759
- Profit (loss) carried forward -€30,725
down €30,725 (-1446.7%), from -€2,124 to -€32,849
- Depreciation +€26,909
up €26,909 (+3046.4%), from €883 to €27,793
- Gross operating margin -€1,370
down €1,370 (-110.9%), from -€1,236 to -€2,606
- Other operating charges -€471
down €471 (-73.0%), from €646 to €175
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 | €21,780 | €324,075 | +€302,295 | +1387.9% |
| Fixed assets | 21/28 | €11,036 | €199,751 | +€188,716 | +1710.1% |
| Tangible fixed assets | 22/27 | €11,036 | €199,751 | +€188,716 | +1710.1% |
| Land and buildings | 22 | €9,582 | €199,751 | +€190,169 | +1984.6% |
| Plant, machinery and equipment | 23 | €1,453 | €0 | -€1,453 | -100.0% |
| Current assets | 29/58 | €10,744 | €124,324 | +€113,579 | +1057.1% |
| Amounts receivable within one year | 40/41 | €9,701 | €668 | -€9,033 | -93.1% |
| Trade receivables | 40 | €9,680 | €0 | -€9,680 | -100.0% |
| Other amounts receivable | 41 | €21 | €668 | +€647 | +3137.2% |
| Cash at bank and in hand | 54/58 | €1,044 | €123,656 | +€122,612 | +11746.4% |
| Total equity and liabilities | 10/49 | €21,780 | €324,075 | +€302,295 | +1387.9% |
| Equity | 10/15 | €2,876 | -€27,849 | -€30,725 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,124 | -€32,849 | -€30,725 | -1446.7% |
| Amounts payable | 17/49 | €18,904 | €351,924 | +€333,020 | +1761.7% |
| Amounts payable within one year | 42/48 | €18,904 | €351,924 | +€333,020 | +1761.7% |
| Trade debts | 44 | - | €165 | +€165 | |
| Suppliers | 440/4 | - | €165 | +€165 | |
| Taxes, remuneration and social security | 45 | €155 | €0 | -€155 | -100.0% |
| Taxes | 450/3 | €155 | €0 | -€155 | -100.0% |
| Other amounts payable | 47/48 | €18,749 | €351,759 | +€333,010 | +1776.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €883 | €27,793 | +€26,909 | +3046.4% |
| Other operating charges | 640/8 | €646 | €175 | -€471 | -73.0% |
| Non-recurring operating charges | 66A | - | €151 | +€151 | |
| Gross operating margin | 9900 | -€1,236 | -€2,606 | -€1,370 | -110.9% |
| Operating profit (loss) | 9901 | -€2,765 | -€30,725 | -€27,960 | -1011.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,765 | -€30,725 | -€27,960 | -1011.2% |
| Income taxes | 67/77 | €20 | €0 | -€20 | -100.0% |
| Profit (loss) for the period | 9904 | -€2,785 | -€30,725 | -€27,940 | -1003.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,785 | -€30,725 | -€27,940 | -1003.2% |
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 11 October 2026 via checked.be.