MTB TECHNICS: 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 TECHNICS
Largest movements
- Tangible fixed assets -€31,370
down €31,370 (-10.2%), from €306,099 to €274,729
of which Land and buildings: -€32,348
- Cash -€22,469
down €22,469 (-40.1%), from €55,974 to €33,505
mainly Contributions, distributions and other (-€38,385) and Debts after one year (-€36,823)
- Receivables within one year +€21,120
up €21,120 (+27.3%), from €77,296 to €98,416
of which Trade receivables: +€19,160
- Stocks and contracts +€5,792
up €5,792 (+30.6%), from €18,910 to €24,702
of which Contracts in progress: +€6,727
- Debts after one year -€36,823
down €36,823 (-16.5%), from €222,871 to €186,048
- Other debts +€26,877
up €26,877 (+110.3%), from €24,364 to €51,241
- Tax, wage and social debts -€13,019
down €13,019 (-37.4%), from €34,782 to €21,762
of which Taxes: -€12,184
- Gross operating margin -€10,663
down €10,663 (-5.4%), from €198,618 to €187,955
- Staff costs +€5,471
up €5,471 (+9.8%), from €55,946 to €61,417
- Taxes -€4,425
down €4,425 (-21.0%), from €21,107 to €16,681
- Financial charges -€3,468
down €3,468 (-39.5%), from €8,774 to €5,307
- Financial income -€2,768
down €2,768 (-99.9%), from €2,771 to €4
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 | €458,578 | €433,238 | -€25,340 | -5.5% |
| Fixed assets | 21/28 | €306,333 | €274,963 | -€31,370 | -10.2% |
| Tangible fixed assets | 22/27 | €306,099 | €274,729 | -€31,370 | -10.2% |
| Land and buildings | 22 | €213,390 | €181,042 | -€32,348 | -15.2% |
| Plant, machinery and equipment | 23 | €52,131 | €63,753 | +€11,622 | +22.3% |
| Furniture and vehicles | 24 | €40,578 | €29,934 | -€10,643 | -26.2% |
| Financial fixed assets | 28 | €235 | €235 | = | 0.0% |
| Current assets | 29/58 | €152,244 | €158,275 | +€6,031 | +4.0% |
| Stocks and contracts in progress | 3 | €18,910 | €24,702 | +€5,792 | +30.6% |
| Stocks | 30/36 | €12,546 | €11,611 | -€935 | -7.5% |
| Contracts in progress | 37 | €6,364 | €13,091 | +€6,727 | +105.7% |
| Amounts receivable within one year | 40/41 | €77,296 | €98,416 | +€21,120 | +27.3% |
| Trade receivables | 40 | €77,177 | €96,337 | +€19,160 | +24.8% |
| Other amounts receivable | 41 | €119 | €2,079 | +€1,960 | +1649.2% |
| Cash at bank and in hand | 54/58 | €55,974 | €33,505 | -€22,469 | -40.1% |
| Deferred charges and accrued income | 490/1 | €64 | €1,652 | +€1,588 | +2463.1% |
| Total equity and liabilities | 10/49 | €458,578 | €433,238 | -€25,340 | -5.5% |
| Equity | 10/15 | €114,908 | €112,460 | -€2,447 | -2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €108,587 | €106,140 | -€2,447 | -2.3% |
| Distributable reserves | 133 | €108,587 | €106,140 | -€2,447 | -2.3% |
| Profit (loss) carried forward | 14 | €121 | €121 | = | 0.0% |
| Amounts payable | 17/49 | €343,670 | €320,778 | -€22,892 | -6.7% |
| Amounts payable after more than one year | 17 | €222,871 | €186,048 | -€36,823 | -16.5% |
| Financial debts | 170/4 | €222,871 | €186,048 | -€36,823 | -16.5% |
| Amounts payable within one year | 42/48 | €120,800 | €134,534 | +€13,734 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €36,059 | €38,603 | +€2,545 | +7.1% |
| Trade debts | 44 | €25,595 | €22,927 | -€2,668 | -10.4% |
| Suppliers | 440/4 | €25,595 | €22,927 | -€2,668 | -10.4% |
| Taxes, remuneration and social security | 45 | €34,782 | €21,762 | -€13,019 | -37.4% |
| Taxes | 450/3 | €30,307 | €18,123 | -€12,184 | -40.2% |
| Remuneration and social security | 454/9 | €4,475 | €3,639 | -€835 | -18.7% |
| Other amounts payable | 47/48 | €24,364 | €51,241 | +€26,877 | +110.3% |
| Accrued charges and deferred income | 492/3 | - | €196 | +€196 | |
| Non-recurring operating income | 76A | €26,715 | - | -€26,715 | |
| Remuneration, social security and pensions | 62 | €55,946 | €61,417 | +€5,471 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,470 | €64,650 | -€819 | -1.3% |
| Other operating charges | 640/8 | €4,618 | €3,966 | -€652 | -14.1% |
| Gross operating margin | 9900 | €198,618 | €187,955 | -€10,663 | -5.4% |
| Operating profit (loss) | 9901 | €72,584 | €57,922 | -€14,662 | -20.2% |
| Financial income | 75/76B | €2,771 | €4 | -€2,768 | -99.9% |
| Recurring financial income | 75 | €2,771 | €4 | -€2,768 | -99.9% |
| Financial charges | 65/66B | €8,774 | €5,307 | -€3,468 | -39.5% |
| Recurring financial charges | 65 | €8,774 | €5,307 | -€3,468 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €66,581 | €52,619 | -€13,963 | -21.0% |
| Income taxes | 67/77 | €21,107 | €16,681 | -€4,425 | -21.0% |
| Profit (loss) for the period | 9904 | €45,475 | €35,937 | -€9,537 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,475 | €35,937 | -€9,537 | -21.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.