MTC: 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.
MTC
Largest movements
- Current investments -€260,000
down €260,000 (-86.7%), from €300,000 to €40,000
- Cash +€227,385
up €227,385 (+440.1%), from €51,666 to €279,050
mainly Current investments (+€260,000) and Contributions, distributions and other (+€12,392)
- Receivables within one year +€17,094
up €17,094 (+1242.4%), from €1,376 to €18,470
of which Other amounts receivable: +€17,164
- Reserves -€19,986
down €19,986 (-6.1%), from €327,976 to €307,990
of which Distributable reserves: -€19,986
- Contributions +€12,392
up €12,392 (+199.9%), from €6,200 to €18,592
- Tax, wage and social debts -€8,180
down €8,180 (-52.0%), from €15,727 to €7,547
of which Taxes: -€9,112
- Gross operating margin -€113,257
down €113,257 (-82.6%), from €137,192 to €23,935
- Taxes -€24,814
down €24,814 (-100.0%), from €24,814 to €0
- Staff costs +€5,395
up €5,395 (+12.0%), from €45,136 to €50,531
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 | €353,042 | €337,773 | -€15,268 | -4.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €353,042 | €337,773 | -€15,268 | -4.3% |
| Amounts receivable within one year | 40/41 | €1,376 | €18,470 | +€17,094 | +1242.4% |
| Trade receivables | 40 | €1,211 | €1,141 | -€69 | -5.7% |
| Other amounts receivable | 41 | €165 | €17,329 | +€17,164 | +10397.3% |
| Current investments | 50/53 | €300,000 | €40,000 | -€260,000 | -86.7% |
| Cash at bank and in hand | 54/58 | €51,666 | €279,050 | +€227,385 | +440.1% |
| Deferred charges and accrued income | 490/1 | €0 | €253 | +€253 | |
| Total equity and liabilities | 10/49 | €353,042 | €337,773 | -€15,268 | -4.3% |
| Equity | 10/15 | €334,176 | €326,582 | -€7,594 | -2.3% |
| Contributions | 10/11 | €6,200 | €18,592 | +€12,392 | +199.9% |
| Reserves | 13 | €327,976 | €307,990 | -€19,986 | -6.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €326,117 | €306,131 | -€19,986 | -6.1% |
| Amounts payable | 17/49 | €18,865 | €11,191 | -€7,674 | -40.7% |
| Amounts payable within one year | 42/48 | €18,865 | €11,191 | -€7,674 | -40.7% |
| Trade debts | 44 | €2,616 | €3,402 | +€786 | +30.1% |
| Suppliers | 440/4 | €2,616 | €3,402 | +€786 | +30.1% |
| Taxes, remuneration and social security | 45 | €15,727 | €7,547 | -€8,180 | -52.0% |
| Taxes | 450/3 | €10,408 | €1,296 | -€9,112 | -87.5% |
| Remuneration and social security | 454/9 | €5,319 | €6,251 | +€931 | +17.5% |
| Other amounts payable | 47/48 | €523 | €243 | -€280 | -53.6% |
| Remuneration, social security and pensions | 62 | €45,136 | €50,531 | +€5,395 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85 | €0 | -€85 | -100.0% |
| Other operating charges | 640/8 | €768 | €836 | +€68 | +8.8% |
| Gross operating margin | 9900 | €137,192 | €23,935 | -€113,257 | -82.6% |
| Operating profit (loss) | 9901 | €91,203 | -€27,431 | -€118,635 | |
| Financial income | 75/76B | €7,164 | €7,487 | +€323 | +4.5% |
| Recurring financial income | 75 | €7,164 | €7,487 | +€323 | +4.5% |
| Financial charges | 65/66B | €126 | €42 | -€84 | -66.4% |
| Recurring financial charges | 65 | €126 | €42 | -€84 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €98,242 | -€19,986 | -€118,228 | |
| Income taxes | 67/77 | €24,814 | €0 | -€24,814 | -100.0% |
| Profit (loss) for the period | 9904 | €73,428 | -€19,986 | -€93,414 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,428 | -€19,986 | -€93,414 |
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 5 October 2026 via checked.be.