MTE MAES TECHNICS: 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.
MTE MAES TECHNICS
Largest movements
- Cash -€32,227
down €32,227 (-22.1%), from €145,885 to €113,657
mainly Investment in fixed assets (net) (-€33,171) and Tax, wage and social debts (-€18,176)
- Tangible fixed assets +€14,308
up €14,308 (+40.0%), from €35,732 to €50,040
of which Furniture and vehicles: +€14,879
- Receivables within one year -€3,418
down €3,418 (-43.0%), from €7,945 to €4,527
of which Trade receivables: -€2,798
- Tax, wage and social debts -€18,176
down €18,176 (-47.6%), from €38,206 to €20,030
- Trade debts -€6,376
down €6,376 (-45.3%), from €14,079 to €7,702
- Other debts +€4,432
up €4,432 (+8.4%), from €52,843 to €57,275
- Gross operating margin -€55,000
down €55,000 (-69.8%), from €78,767 to €23,767
- Taxes -€19,179
down €19,179 (-100.0%), from €19,179 to €0
- Depreciation +€5,347
up €5,347 (+39.6%), from €13,516 to €18,863
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 | €193,715 | €173,546 | -€20,169 | -10.4% |
| Fixed assets | 21/28 | €35,732 | €50,040 | +€14,308 | +40.0% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -81.8% |
| Tangible fixed assets | 22/27 | €35,732 | €50,040 | +€14,308 | +40.0% |
| Plant, machinery and equipment | 23 | €622 | €122 | -€500 | -80.4% |
| Furniture and vehicles | 24 | €21,523 | €36,402 | +€14,879 | +69.1% |
| Other tangible fixed assets | 26 | €13,587 | €13,516 | -€71 | -0.5% |
| Current assets | 29/58 | €157,983 | €123,506 | -€34,477 | -21.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €7,945 | €4,527 | -€3,418 | -43.0% |
| Trade receivables | 40 | €4,615 | €1,817 | -€2,798 | -60.6% |
| Other amounts receivable | 41 | €3,330 | €2,710 | -€621 | -18.6% |
| Cash at bank and in hand | 54/58 | €145,885 | €113,657 | -€32,227 | -22.1% |
| Deferred charges and accrued income | 490/1 | €4,153 | €5,322 | +€1,169 | +28.1% |
| Total equity and liabilities | 10/49 | €193,715 | €173,546 | -€20,169 | -10.4% |
| Equity | 10/15 | €88,588 | €88,539 | -€50 | -0.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €79,477 | €79,477 | = | 0.0% |
| Distributable reserves | 133 | €79,477 | €79,477 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,112 | €6,062 | -€50 | -0.8% |
| Amounts payable | 17/49 | €105,127 | €85,007 | -€20,120 | -19.1% |
| Amounts payable within one year | 42/48 | €105,127 | €85,007 | -€20,120 | -19.1% |
| Trade debts | 44 | €14,079 | €7,702 | -€6,376 | -45.3% |
| Suppliers | 440/4 | €14,079 | €7,702 | -€6,376 | -45.3% |
| Taxes, remuneration and social security | 45 | €38,206 | €20,030 | -€18,176 | -47.6% |
| Taxes | 450/3 | €38,206 | €20,030 | -€18,176 | -47.6% |
| Other amounts payable | 47/48 | €52,843 | €57,275 | +€4,432 | +8.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €11,908 | +€11,908 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,516 | €18,863 | +€5,347 | +39.6% |
| Other operating charges | 640/8 | €967 | €997 | +€30 | +3.1% |
| Gross operating margin | 9900 | €78,767 | €23,767 | -€55,000 | -69.8% |
| Operating profit (loss) | 9901 | €64,284 | €3,907 | -€60,377 | -93.9% |
| Financial income | 75/76B | €0 | €34 | +€34 | |
| Recurring financial income | 75 | €0 | €34 | +€34 | |
| Financial charges | 65/66B | €3,993 | €3,991 | -€2 | -0.1% |
| Recurring financial charges | 65 | €3,993 | €3,991 | -€2 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €60,291 | -€50 | -€60,340 | |
| Income taxes | 67/77 | €19,179 | €0 | -€19,179 | -100.0% |
| Profit (loss) for the period | 9904 | €41,112 | -€50 | -€41,161 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,112 | -€50 | -€41,161 |
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 4 October 2026 via checked.be.