MTCI: 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.
MTCI
Largest movements
- Cash +€12,562
up €12,562 (+13.6%), from €92,051 to €104,612
mainly Net result for the year (+€12,940) and Depreciation (+€6,560)
- Receivables within one year -€6,429
down €6,429 (-15.9%), from €40,548 to €34,119
of which Trade receivables: -€20,382
- Tangible fixed assets -€4,571
down €4,571 (-25.1%), from €18,177 to €13,606
of which Furniture and vehicles: -€5,933
- Profit (loss) carried forward +€12,940
up €12,940 (+15.7%), from €82,421 to €95,361
- Other debts -€8,800
no longer reported in 2025 (was €8,800)
- Debts after one year -€5,637
down €5,637 (-66.0%), from €8,540 to €2,903
- Trade debts +€4,196
up €4,196 (+21.2%), from €19,815 to €24,012
- Gross operating margin +€9,142
up €9,142 (+48.0%), from €19,060 to €28,201
- Taxes +€2,110
up €2,110 (+77.9%), from €2,708 to €4,818
- Financial charges +€1,372
up €1,372 (+83.0%), from €1,653 to €3,025
- Other operating charges -€625
down €625 (-45.1%), from €1,387 to €762
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 | €152,096 | €153,638 | +€1,542 | +1.0% |
| Fixed assets | 21/28 | €18,177 | €13,606 | -€4,571 | -25.1% |
| Tangible fixed assets | 22/27 | €18,177 | €13,606 | -€4,571 | -25.1% |
| Plant, machinery and equipment | 23 | - | €1,492 | +€1,492 | |
| Furniture and vehicles | 24 | €16,918 | €10,985 | -€5,933 | -35.1% |
| Other tangible fixed assets | 26 | €1,259 | €1,129 | -€130 | -10.3% |
| Current assets | 29/58 | €133,918 | €140,032 | +€6,114 | +4.6% |
| Amounts receivable within one year | 40/41 | €40,548 | €34,119 | -€6,429 | -15.9% |
| Trade receivables | 40 | €31,310 | €10,928 | -€20,382 | -65.1% |
| Other amounts receivable | 41 | €9,239 | €23,192 | +€13,953 | +151% |
| Cash at bank and in hand | 54/58 | €92,051 | €104,612 | +€12,562 | +13.6% |
| Deferred charges and accrued income | 490/1 | €1,319 | €1,301 | -€19 | -1.4% |
| Total equity and liabilities | 10/49 | €152,096 | €153,638 | +€1,542 | +1.0% |
| Equity | 10/15 | €102,881 | €115,821 | +€12,940 | +12.6% |
| Reserves | 13 | €20,460 | €20,460 | = | 0.0% |
| Distributable reserves | 133 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,421 | €95,361 | +€12,940 | +15.7% |
| Amounts payable | 17/49 | €49,215 | €37,817 | -€11,398 | -23.2% |
| Amounts payable after more than one year | 17 | €8,540 | €2,903 | -€5,637 | -66.0% |
| Financial debts | 170/4 | €8,540 | €2,903 | -€5,637 | -66.0% |
| Amounts payable within one year | 42/48 | €40,674 | €34,914 | -€5,761 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €5,418 | €5,637 | +€219 | +4.0% |
| Financial debts | 43 | €3,896 | €3,895 | -€2 | 0.0% |
| Credit institutions | 430/8 | €3,896 | €3,895 | -€2 | 0.0% |
| Trade debts | 44 | €19,815 | €24,012 | +€4,196 | +21.2% |
| Suppliers | 440/4 | €19,815 | €24,012 | +€4,196 | +21.2% |
| Taxes, remuneration and social security | 45 | €2,745 | €1,370 | -€1,375 | -50.1% |
| Taxes | 450/3 | €2,745 | €1,370 | -€1,375 | -50.1% |
| Other amounts payable | 47/48 | €8,800 | - | -€8,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,716 | €6,560 | -€156 | -2.3% |
| Other operating charges | 640/8 | €1,387 | €762 | -€625 | -45.1% |
| Non-recurring operating charges | 66A | - | €96 | +€96 | |
| Gross operating margin | 9900 | €19,060 | €28,201 | +€9,142 | +48.0% |
| Operating profit (loss) | 9901 | €10,956 | €20,783 | +€9,826 | +89.7% |
| Financial income | 75/76B | €107 | €0 | -€106 | -99.8% |
| Recurring financial income | 75 | €107 | €0 | -€106 | -99.8% |
| Financial charges | 65/66B | €1,653 | €3,025 | +€1,372 | +83.0% |
| Recurring financial charges | 65 | €1,653 | €3,025 | +€1,372 | +83.0% |
| Profit (loss) for the period before taxes | 9903 | €9,410 | €17,758 | +€8,348 | +88.7% |
| Income taxes | 67/77 | €2,708 | €4,818 | +€2,110 | +77.9% |
| Profit (loss) for the period | 9904 | €6,702 | €12,940 | +€6,238 | +93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,702 | €12,940 | +€6,238 | +93.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.