MTCook: 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.
MTCook
Largest movements
- Tangible fixed assets -€11,315
down €11,315 (-4.0%), from €283,769 to €272,454
of which Plant, machinery and equipment: -€8,363
- Cash -€4,423
down €4,423 (-11.4%), from €38,840 to €34,416
mainly Other debts (-€61,505) and Tax, wage and social debts (-€15,736)
- Other debts -€61,505
down €61,505 (-99.1%), from €62,073 to €568
- Profit (loss) carried forward +€40,372
up €40,372 (+62.8%), from -€64,330 to -€23,957
- Debts after one year +€25,000
up €25,000 (+14.7%), from €170,000 to €195,000
- Tax, wage and social debts -€15,736
down €15,736 (-34.7%), from €45,392 to €29,656
of which Remuneration and social security: -€12,358
- Trade debts -€6,440
down €6,440 (-19.6%), from €32,844 to €26,404
- Gross operating margin +€193,722
up €193,722 (+226.6%), from €85,493 to €279,216
- Staff costs +€98,967
up €98,967 (+95.2%), from €103,980 to €202,947
- Depreciation +€5,618
up €5,618 (+29.3%), from €19,181 to €24,799
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 | €346,960 | €329,890 | -€17,070 | -4.9% |
| Fixed assets | 21/28 | €283,769 | €272,454 | -€11,315 | -4.0% |
| Tangible fixed assets | 22/27 | €283,769 | €272,454 | -€11,315 | -4.0% |
| Plant, machinery and equipment | 23 | €259,916 | €251,554 | -€8,363 | -3.2% |
| Furniture and vehicles | 24 | €23,853 | €20,901 | -€2,952 | -12.4% |
| Current assets | 29/58 | €63,191 | €57,436 | -€5,755 | -9.1% |
| Stocks and contracts in progress | 3 | €12,116 | €11,281 | -€835 | -6.9% |
| Stocks | 30/36 | €12,116 | €11,281 | -€835 | -6.9% |
| Amounts receivable within one year | 40/41 | €330 | €355 | +€25 | +7.5% |
| Other amounts receivable | 41 | €330 | €355 | +€25 | +7.5% |
| Cash at bank and in hand | 54/58 | €38,840 | €34,416 | -€4,423 | -11.4% |
| Deferred charges and accrued income | 490/1 | €11,904 | €11,383 | -€521 | -4.4% |
| Total equity and liabilities | 10/49 | €346,960 | €329,890 | -€17,070 | -4.9% |
| Equity | 10/15 | €25,670 | €66,043 | +€40,372 | +157.3% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,330 | -€23,957 | +€40,372 | +62.8% |
| Amounts payable | 17/49 | €321,290 | €263,847 | -€57,442 | -17.9% |
| Amounts payable after more than one year | 17 | €170,000 | €195,000 | +€25,000 | +14.7% |
| Other amounts payable | 178/9 | €170,000 | €195,000 | +€25,000 | +14.7% |
| Amounts payable within one year | 42/48 | €151,290 | €67,848 | -€83,442 | -55.2% |
| Trade debts | 44 | €32,844 | €26,404 | -€6,440 | -19.6% |
| Suppliers | 440/4 | €32,844 | €26,404 | -€6,440 | -19.6% |
| Advances received on contracts in progress | 46 | €10,980 | €11,220 | +€240 | +2.2% |
| Taxes, remuneration and social security | 45 | €45,392 | €29,656 | -€15,736 | -34.7% |
| Taxes | 450/3 | €18,028 | €14,650 | -€3,378 | -18.7% |
| Remuneration and social security | 454/9 | €27,365 | €15,007 | -€12,358 | -45.2% |
| Other amounts payable | 47/48 | €62,073 | €568 | -€61,505 | -99.1% |
| Accrued charges and deferred income | 492/3 | - | €999 | +€999 | |
| Remuneration, social security and pensions | 62 | €103,980 | €202,947 | +€98,967 | +95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,181 | €24,799 | +€5,618 | +29.3% |
| Other operating charges | 640/8 | €2,662 | €2,975 | +€313 | +11.8% |
| Gross operating margin | 9900 | €85,493 | €279,216 | +€193,722 | +226.6% |
| Operating profit (loss) | 9901 | -€40,329 | €48,495 | +€88,825 | |
| Financial income | 75/76B | €10 | €72 | +€62 | +636.2% |
| Recurring financial income | 75 | €10 | €72 | +€62 | +636.2% |
| Financial charges | 65/66B | €7,159 | €8,067 | +€908 | +12.7% |
| Recurring financial charges | 65 | €7,159 | €8,067 | +€908 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | -€47,479 | €40,500 | +€87,979 | |
| Income taxes | 67/77 | €75 | €128 | +€53 | +71.4% |
| Profit (loss) for the period | 9904 | -€47,553 | €40,372 | +€87,926 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,553 | €40,372 | +€87,926 |
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 12 October 2026 via checked.be.