MTB: 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.
MTB
Largest movements
- Receivables within one year +€68,543
up €68,543 (+133.4%), from €51,362 to €119,905
of which Trade receivables: +€69,007
- Cash -€1,627
down €1,627 (-8.8%), from €18,405 to €16,778
mainly Receivables within one year (-€68,543) and Other debts (-€4,184)
- Profit (loss) carried forward +€56,596
up €56,596 (+72.5%), from -€78,080 to -€21,483
- Tax, wage and social debts +€9,971
up €9,971 (+85.8%), from €11,626 to €21,597
- Trade debts +€4,289
up €4,289 (+16.3%), from €26,247 to €30,535
- Other debts -€4,184
down €4,184 (-4.6%), from €91,696 to €87,511
- Gross operating margin +€59,734
up €59,734 (+329.4%), from €18,132 to €77,866
- Taxes +€15,639
up €15,639 (+296.0%), from €5,284 to €20,924
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 | €70,089 | €136,760 | +€66,672 | +95.1% |
| Fixed assets | 21/28 | €244 | €0 | -€244 | -100.0% |
| Tangible fixed assets | 22/27 | €244 | €0 | -€244 | -100.0% |
| Furniture and vehicles | 24 | €244 | €0 | -€244 | -100.0% |
| Current assets | 29/58 | €69,845 | €136,760 | +€66,915 | +95.8% |
| Amounts receivable within one year | 40/41 | €51,362 | €119,905 | +€68,543 | +133.4% |
| Trade receivables | 40 | €50,897 | €119,905 | +€69,007 | +135.6% |
| Other amounts receivable | 41 | €465 | - | -€465 | |
| Cash at bank and in hand | 54/58 | €18,405 | €16,778 | -€1,627 | -8.8% |
| Deferred charges and accrued income | 490/1 | €78 | €78 | = | 0.0% |
| Total equity and liabilities | 10/49 | €70,089 | €136,760 | +€66,672 | +95.1% |
| Equity | 10/15 | -€59,480 | -€2,883 | +€56,596 | +95.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,080 | -€21,483 | +€56,596 | +72.5% |
| Amounts payable | 17/49 | €129,569 | €139,644 | +€10,075 | +7.8% |
| Amounts payable within one year | 42/48 | €129,569 | €139,644 | +€10,075 | +7.8% |
| Trade debts | 44 | €26,247 | €30,535 | +€4,289 | +16.3% |
| Suppliers | 440/4 | €26,247 | €30,535 | +€4,289 | +16.3% |
| Taxes, remuneration and social security | 45 | €11,626 | €21,597 | +€9,971 | +85.8% |
| Taxes | 450/3 | €11,626 | €21,597 | +€9,971 | +85.8% |
| Other amounts payable | 47/48 | €91,696 | €87,511 | -€4,184 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333 | €244 | -€89 | -26.8% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €18,132 | €77,866 | +€59,734 | +329.4% |
| Operating profit (loss) | 9901 | €17,737 | €77,561 | +€59,823 | +337.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €52 | €40 | -€11 | -21.6% |
| Recurring financial charges | 65 | €52 | €40 | -€11 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €17,686 | €77,520 | +€59,834 | +338.3% |
| Income taxes | 67/77 | €5,284 | €20,924 | +€15,639 | +296.0% |
| Profit (loss) for the period | 9904 | €12,401 | €56,596 | +€44,195 | +356.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,401 | €56,596 | +€44,195 | +356.4% |
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 29 September 2026 via checked.be.