MTBT: 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.
MTBT
Largest movements
- Cash +€46,533
up €46,533 (+42.6%), from €109,117 to €155,650
mainly Depreciation (+€32,154) and Net result for the year (+€28,238)
- Tangible fixed assets -€32,154
down €32,154 (-25.7%), from €124,873 to €92,719
- Receivables within one year +€10,145
up €10,145 (+289%), from €3,507 to €13,652
of which Other amounts receivable: +€11,366
- Reserves +€25,000
up €25,000 (+3.1%), from €802,860 to €827,860
of which Distributable reserves: +€25,000
- Turnover +€4,055
up €4,055 (+4.9%), from €83,110 to €87,165
- Taxes -€2,631
down €2,631 (-14.2%), from €18,500 to €15,869
- Gross operating margin -€1,495
down €1,495 (-2.2%), from €67,962 to €66,467
- Purchases and services -€1,081
down €1,081 (-5.0%), from €21,779 to €20,698
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.
Derived cash bridge
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 | €847,497 | €872,021 | +€24,524 | +2.9% |
| Fixed assets | 21/28 | €124,873 | €92,719 | -€32,154 | -25.7% |
| Tangible fixed assets | 22/27 | €124,873 | €92,719 | -€32,154 | -25.7% |
| Furniture and vehicles | 24 | €124,873 | €92,719 | -€32,154 | -25.7% |
| Current assets | 29/58 | €722,624 | €779,302 | +€56,678 | +7.8% |
| Amounts receivable after more than one year | 29 | €610,000 | €610,000 | = | 0.0% |
| Other amounts receivable | 291 | €610,000 | €610,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,507 | €13,652 | +€10,145 | +289% |
| Trade receivables | 40 | €3,385 | €2,164 | -€1,221 | -36.1% |
| Other amounts receivable | 41 | €122 | €11,488 | +€11,366 | +9,316% |
| Cash at bank and in hand | 54/58 | €109,117 | €155,650 | +€46,533 | +42.6% |
| Total equity and liabilities | 10/49 | €847,497 | €872,021 | +€24,524 | +2.9% |
| Equity | 10/15 | €832,178 | €860,416 | +€28,238 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €802,860 | €827,860 | +€25,000 | +3.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €801,000 | €826,000 | +€25,000 | +3.1% |
| Profit (loss) carried forward | 14 | €10,718 | €13,956 | +€3,238 | +30.2% |
| Amounts payable | 17/49 | €15,319 | €11,605 | -€3,714 | -24.2% |
| Amounts payable within one year | 42/48 | €15,319 | €11,605 | -€3,714 | -24.2% |
| Trade debts | 44 | - | €94 | +€94 | |
| Suppliers | 440/4 | - | €94 | +€94 | |
| Taxes, remuneration and social security | 45 | €13,140 | €10,565 | -€2,575 | -19.6% |
| Taxes | 450/3 | €13,140 | €10,565 | -€2,575 | -19.6% |
| Other amounts payable | 47/48 | €2,179 | €946 | -€1,233 | -56.6% |
| Turnover | 70 | €83,110 | €87,165 | +€4,055 | +4.9% |
| Non-recurring operating income | 76A | €6,630 | - | -€6,630 | |
| Goods, raw materials, services and sundry goods | 60/61 | €21,779 | €20,698 | -€1,081 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,588 | €32,154 | -€434 | -1.3% |
| Other operating charges | 640/8 | €1,703 | €1,329 | -€374 | -22.0% |
| Gross operating margin | 9900 | €67,962 | €66,467 | -€1,495 | -2.2% |
| Operating profit (loss) | 9901 | €33,671 | €32,984 | -€687 | -2.0% |
| Financial income | 75/76B | €11,481 | €11,466 | -€15 | -0.1% |
| Recurring financial income | 75 | €11,481 | €11,466 | -€15 | -0.1% |
| Non-recurring financial income | 76B | €11,481 | €11,466 | -€15 | -0.1% |
| Financial charges | 65/66B | €80 | €343 | +€263 | +329% |
| Recurring financial charges | 65 | €80 | €343 | +€263 | +329% |
| Profit (loss) for the period before taxes | 9903 | €45,072 | €44,107 | -€965 | -2.1% |
| Income taxes | 67/77 | €18,500 | €15,869 | -€2,631 | -14.2% |
| Profit (loss) for the period | 9904 | €26,572 | €28,238 | +€1,666 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,572 | €28,238 | +€1,666 | +6.3% |
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 17 October 2026 via checked.be.