MTD CONSTRUCT: 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.
MTD CONSTRUCT
Largest movements
- Cash +€15,888
up €15,888 (+374%), from €4,252 to €20,140
mainly Net result for the year (+€11,718) and Tax, wage and social debts (+€5,692)
- Tangible fixed assets -€981
down €981 (-25.3%), from €3,873 to €2,892
of which Furniture and vehicles: -€815
- Receivables within one year -€812
down €812 (-4.6%), from €17,513 to €16,701
of which Trade receivables: -€1,836
- Deferred charges and accrued income -€553
no longer reported in 2025 (was €553)
- Reserves +€11,718
up €11,718 (+114%), from €10,255 to €21,973
- Tax, wage and social debts +€5,692
up €5,692 (+331%), from €1,719 to €7,411
- Trade debts -€3,703
down €3,703 (-48.8%), from €7,581 to €3,878
- Gross operating margin +€9,925
up €9,925 (+92.1%), from €10,778 to €20,703
- Taxes +€3,673
up €3,673 (+215%), from €1,711 to €5,384
- Other operating charges -€2,233
down €2,233 (-57.3%), from €3,895 to €1,662
- Staff costs -€498
no longer reported in 2025 (was €498)
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 | €26,291 | €39,832 | +€13,541 | +51.5% |
| Fixed assets | 21/28 | €3,973 | €2,992 | -€981 | -24.7% |
| Tangible fixed assets | 22/27 | €3,873 | €2,892 | -€981 | -25.3% |
| Plant, machinery and equipment | 23 | €1,120 | €954 | -€166 | -14.8% |
| Furniture and vehicles | 24 | €2,753 | €1,938 | -€815 | -29.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €22,318 | €36,840 | +€14,522 | +65.1% |
| Amounts receivable within one year | 40/41 | €17,513 | €16,701 | -€812 | -4.6% |
| Trade receivables | 40 | €14,711 | €12,875 | -€1,836 | -12.5% |
| Other amounts receivable | 41 | €2,802 | €3,825 | +€1,023 | +36.5% |
| Cash at bank and in hand | 54/58 | €4,252 | €20,140 | +€15,888 | +374% |
| Deferred charges and accrued income | 490/1 | €553 | - | -€553 | |
| Total equity and liabilities | 10/49 | €26,291 | €39,832 | +€13,541 | +51.5% |
| Equity | 10/15 | €16,181 | €27,954 | +€11,773 | +72.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,255 | €21,973 | +€11,718 | +114% |
| Distributable reserves | 133 | €10,255 | €21,973 | +€11,718 | +114% |
| Profit (loss) carried forward | 14 | €4,926 | €4,981 | +€55 | +1.1% |
| Amounts payable | 17/49 | €10,110 | €11,878 | +€1,768 | +17.5% |
| Amounts payable within one year | 42/48 | €10,110 | €11,878 | +€1,768 | +17.5% |
| Trade debts | 44 | €7,581 | €3,878 | -€3,703 | -48.8% |
| Suppliers | 440/4 | €7,581 | €3,878 | -€3,703 | -48.8% |
| Advances received on contracts in progress | 46 | €589 | €589 | -€0 | -0.1% |
| Taxes, remuneration and social security | 45 | €1,719 | €7,411 | +€5,692 | +331% |
| Taxes | 450/3 | €1,719 | €7,411 | +€5,692 | +331% |
| Other amounts payable | 47/48 | €221 | - | -€221 | |
| Remuneration, social security and pensions | 62 | €498 | - | -€498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,790 | €1,931 | +€141 | +7.9% |
| Other operating charges | 640/8 | €3,895 | €1,662 | -€2,233 | -57.3% |
| Gross operating margin | 9900 | €10,778 | €20,703 | +€9,925 | +92.1% |
| Operating profit (loss) | 9901 | €4,595 | €17,110 | +€12,515 | +272% |
| Financial charges | 65/66B | €54 | €8 | -€46 | -85.5% |
| Recurring financial charges | 65 | €54 | €8 | -€46 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | €4,541 | €17,102 | +€12,561 | +277% |
| Income taxes | 67/77 | €1,711 | €5,384 | +€3,673 | +215% |
| Profit (loss) for the period | 9904 | €2,830 | €11,718 | +€8,888 | +314% |
| Profit (loss) for the period to be appropriated | 9905 | €2,830 | €11,718 | +€8,888 | +314% |
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 18 October 2026 via checked.be.