MTD facility: 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 facility
Largest movements
- Cash +€6,657
up €6,657 (+50.5%), from €13,191 to €19,848
mainly Net result for the year (+€4,934) and Stocks and contracts (+€2,050)
- Deferred charges and accrued income +€2,370
new in 2025: €2,370
- Stocks and contracts -€2,050
down €2,050 (-12.9%), from €15,871 to €13,821
- Tangible fixed assets -€1,642
down €1,642 (-56.9%), from €2,884 to €1,242
- Receivables within one year -€1,367
down €1,367 (-4.1%), from €33,589 to €32,223
of which Other amounts receivable: -€1,367
- Reserves +€4,934
up €4,934 (+14.0%), from €35,187 to €40,121
of which Distributable reserves: +€4,934
- Depreciation -€6,050
down €6,050 (-78.7%), from €7,692 to €1,642
- Staff costs +€4,467
up €4,467 (+18.3%), from €24,378 to €28,845
- Gross operating margin +€4,140
up €4,140 (+10.7%), from €38,685 to €42,825
- Financial income +€2,678
up €2,678 (+7,387%), from €36 to €2,714
of which Non-recurring financial income: +€2,653
- Other operating charges +€1,973
up €1,973 (+219%), from €900 to €2,873
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 | €73,060 | €77,028 | +€3,968 | +5.4% |
| Fixed assets | 21/28 | €10,408 | €8,766 | -€1,642 | -15.8% |
| Tangible fixed assets | 22/27 | €2,884 | €1,242 | -€1,642 | -56.9% |
| Plant, machinery and equipment | 23 | €2,884 | €1,242 | -€1,642 | -56.9% |
| Financial fixed assets | 28 | €7,524 | €7,524 | = | 0.0% |
| Current assets | 29/58 | €62,651 | €68,262 | +€5,610 | +9.0% |
| Stocks and contracts in progress | 3 | €15,871 | €13,821 | -€2,050 | -12.9% |
| Stocks | 30/36 | €15,871 | €13,821 | -€2,050 | -12.9% |
| Amounts receivable within one year | 40/41 | €33,589 | €32,223 | -€1,367 | -4.1% |
| Trade receivables | 40 | €16,080 | €16,080 | = | 0.0% |
| Other amounts receivable | 41 | €17,510 | €16,143 | -€1,367 | -7.8% |
| Cash at bank and in hand | 54/58 | €13,191 | €19,848 | +€6,657 | +50.5% |
| Deferred charges and accrued income | 490/1 | - | €2,370 | +€2,370 | |
| Total equity and liabilities | 10/49 | €73,060 | €77,028 | +€3,968 | +5.4% |
| Equity | 10/15 | €41,387 | €46,321 | +€4,934 | +11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,187 | €40,121 | +€4,934 | +14.0% |
| Tax-exempt reserves | 132 | €3,828 | €3,828 | = | 0.0% |
| Distributable reserves | 133 | €31,359 | €36,292 | +€4,934 | +15.7% |
| Amounts payable | 17/49 | €31,673 | €30,707 | -€965 | -3.0% |
| Amounts payable within one year | 42/48 | €31,673 | €30,707 | -€965 | -3.0% |
| Financial debts | 43 | €1 | €1 | = | 0.0% |
| Credit institutions | 430/8 | €1 | €1 | = | 0.0% |
| Trade debts | 44 | €19,274 | €18,791 | -€483 | -2.5% |
| Suppliers | 440/4 | €19,274 | €18,791 | -€483 | -2.5% |
| Taxes, remuneration and social security | 45 | €12,398 | €11,916 | -€482 | -3.9% |
| Taxes | 450/3 | €5,265 | €3,785 | -€1,480 | -28.1% |
| Remuneration and social security | 454/9 | €7,133 | €8,131 | +€998 | +14.0% |
| Remuneration, social security and pensions | 62 | €24,378 | €28,845 | +€4,467 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,692 | €1,642 | -€6,050 | -78.7% |
| Other operating charges | 640/8 | €900 | €2,873 | +€1,973 | +219% |
| Non-recurring operating charges | 66A | €211 | €1,659 | +€1,448 | +687% |
| Gross operating margin | 9900 | €38,685 | €42,825 | +€4,140 | +10.7% |
| Operating profit (loss) | 9901 | €5,504 | €7,807 | +€2,302 | +41.8% |
| Financial income | 75/76B | €36 | €2,714 | +€2,678 | +7,387% |
| Recurring financial income | 75 | €36 | €61 | +€25 | +68.4% |
| Non-recurring financial income | 76B | - | €2,653 | +€2,653 | |
| Financial charges | 65/66B | €1,787 | €1,802 | +€15 | +0.8% |
| Recurring financial charges | 65 | €1,787 | €1,802 | +€15 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €3,753 | €8,718 | +€4,965 | +132% |
| Income taxes | 67/77 | €2,370 | €3,785 | +€1,414 | +59.7% |
| Profit (loss) for the period | 9904 | €1,383 | €4,934 | +€3,551 | +257% |
| Profit (loss) for the period to be appropriated | 9905 | €1,383 | €4,934 | +€3,551 | +257% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.