MTC-JOYS: 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-JOYS
Largest movements
- Cash +€103,913
up €103,913 (+184.7%), from €56,264 to €160,177
mainly Net result for the year (+€82,709) and Tax, wage and social debts (+€16,860)
- Tangible fixed assets -€13,196
down €13,196 (-29.3%), from €45,087 to €31,890
- Reserves +€82,709
up €82,709 (+136.8%), from €60,448 to €143,156
- Tax, wage and social debts +€16,860
up €16,860 (+108.7%), from €15,511 to €32,371
- Debts after one year -€11,385
down €11,385 (-33.7%), from €33,756 to €22,371
- Gross operating margin +€50,745
up €50,745 (+63.0%), from €80,565 to €131,310
- Taxes +€13,848
up €13,848 (+76.8%), from €18,040 to €31,888
- Staff costs +€1,322
new in 2025: €1,322
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 | €125,054 | €216,033 | +€90,979 | +72.8% |
| Fixed assets | 21/28 | €45,087 | €31,890 | -€13,196 | -29.3% |
| Tangible fixed assets | 22/27 | €45,087 | €31,890 | -€13,196 | -29.3% |
| Furniture and vehicles | 24 | €45,087 | €31,890 | -€13,196 | -29.3% |
| Current assets | 29/58 | €79,968 | €184,143 | +€104,175 | +130.3% |
| Amounts receivable within one year | 40/41 | €23,704 | €23,965 | +€262 | +1.1% |
| Trade receivables | 40 | €22,940 | €23,680 | +€740 | +3.2% |
| Other amounts receivable | 41 | €764 | €285 | -€478 | -62.6% |
| Cash at bank and in hand | 54/58 | €56,264 | €160,177 | +€103,913 | +184.7% |
| Total equity and liabilities | 10/49 | €125,054 | €216,033 | +€90,979 | +72.8% |
| Equity | 10/15 | €61,448 | €144,156 | +€82,709 | +134.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €60,448 | €143,156 | +€82,709 | +136.8% |
| Distributable reserves | 133 | €60,448 | €143,156 | +€82,709 | +136.8% |
| Amounts payable | 17/49 | €63,607 | €71,877 | +€8,270 | +13.0% |
| Amounts payable after more than one year | 17 | €33,756 | €22,371 | -€11,385 | -33.7% |
| Financial debts | 170/4 | €33,756 | €22,371 | -€11,385 | -33.7% |
| Amounts payable within one year | 42/48 | €29,215 | €49,176 | +€19,961 | +68.3% |
| Current portion of amounts payable after more than one year | 42 | €11,500 | €11,500 | = | 0.0% |
| Trade debts | 44 | €204 | €2,118 | +€1,914 | +936.6% |
| Suppliers | 440/4 | €204 | €2,118 | +€1,914 | +936.6% |
| Advances received on contracts in progress | 46 | €2,000 | €2,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €15,511 | €32,371 | +€16,860 | +108.7% |
| Taxes | 450/3 | €15,511 | €32,371 | +€16,860 | +108.7% |
| Other amounts payable | 47/48 | - | €1,187 | +€1,187 | |
| Accrued charges and deferred income | 492/3 | €635 | €330 | -€305 | -48.1% |
| Remuneration, social security and pensions | 62 | - | €1,322 | +€1,322 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,196 | €13,196 | = | 0.0% |
| Other operating charges | 640/8 | €344 | €478 | +€135 | +39.3% |
| Gross operating margin | 9900 | €80,565 | €131,310 | +€50,745 | +63.0% |
| Operating profit (loss) | 9901 | €67,025 | €116,313 | +€49,288 | +73.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,232 | €1,716 | -€516 | -23.1% |
| Recurring financial charges | 65 | €2,232 | €1,716 | -€516 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €64,793 | €114,597 | +€49,804 | +76.9% |
| Income taxes | 67/77 | €18,040 | €31,888 | +€13,848 | +76.8% |
| Profit (loss) for the period | 9904 | €46,753 | €82,709 | +€35,956 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,753 | €82,709 | +€35,956 | +76.9% |
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 8 October 2026 via checked.be.