MTEC: 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.
MTEC
Largest movements
- Receivables within one year +€346,461
up €346,461 (+72.9%), from €475,453 to €821,914
of which Trade receivables: +€350,835
- Tangible fixed assets +€109,814
up €109,814 (+213.3%), from €51,474 to €161,288
of which Plant, machinery and equipment: +€102,040
- Other debts +€309,125
up €309,125 (+61.3%), from €504,160 to €813,285
- Trade debts +€142,321
up €142,321 (+175.9%), from €80,891 to €223,212
- Staff costs +€78,898
up €78,898 (+18.7%), from €422,794 to €501,692
- Gross operating margin +€56,163
up €56,163 (+11.7%), from €477,996 to €534,159
- Taxes -€14,368
down €14,368 (-94.9%), from €15,139 to €771
- Other operating charges -€11,666
down €11,666 (-85.8%), from €13,596 to €1,930
- Depreciation +€9,883
up €9,883 (+114.5%), from €8,635 to €18,518
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €614,356 | €1,069,279 | +€454,923 | +74.0% |
| Fixed assets | 21/28 | €99,101 | €208,915 | +€109,814 | +110.8% |
| Tangible fixed assets | 22/27 | €51,474 | €161,288 | +€109,814 | +213.3% |
| Land and buildings | 22 | - | €9,189 | +€9,189 | |
| Plant, machinery and equipment | 23 | - | €102,040 | +€102,040 | |
| Furniture and vehicles | 24 | €51,474 | €50,059 | -€1,415 | -2.7% |
| Financial fixed assets | 28 | €47,627 | €47,627 | = | 0.0% |
| Current assets | 29/58 | €515,255 | €860,363 | +€345,108 | +67.0% |
| Amounts receivable within one year | 40/41 | €475,453 | €821,914 | +€346,461 | +72.9% |
| Trade receivables | 40 | €467,599 | €818,434 | +€350,835 | +75.0% |
| Other amounts receivable | 41 | €7,854 | €3,480 | -€4,374 | -55.7% |
| Cash at bank and in hand | 54/58 | €39,802 | €38,450 | -€1,352 | -3.4% |
| Total equity and liabilities | 10/49 | €614,356 | €1,069,279 | +€454,923 | +74.0% |
| Equity | 10/15 | €26,005 | €32,014 | +€6,009 | +23.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | - | -€18,550 | |
| Issued capital | 100 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €7,455 | €13,464 | +€6,009 | +80.6% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Legal reserve | 130 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €5,600 | €13,464 | +€7,864 | +140.4% |
| Amounts payable | 17/49 | €588,351 | €1,037,264 | +€448,913 | +76.3% |
| Amounts payable within one year | 42/48 | €588,351 | €1,037,264 | +€448,913 | +76.3% |
| Trade debts | 44 | €80,891 | €223,212 | +€142,321 | +175.9% |
| Suppliers | 440/4 | €80,891 | €223,212 | +€142,321 | +175.9% |
| Taxes, remuneration and social security | 45 | €3,300 | €767 | -€2,533 | -76.7% |
| Taxes | 450/3 | €3,300 | €767 | -€2,533 | -76.7% |
| Other amounts payable | 47/48 | €504,160 | €813,285 | +€309,125 | +61.3% |
| Remuneration, social security and pensions | 62 | €422,794 | €501,692 | +€78,898 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,635 | €18,518 | +€9,883 | +114.5% |
| Other operating charges | 640/8 | €13,596 | €1,930 | -€11,666 | -85.8% |
| Non-recurring operating charges | 66A | €11,833 | - | -€11,833 | |
| Gross operating margin | 9900 | €477,996 | €534,159 | +€56,163 | +11.7% |
| Operating profit (loss) | 9901 | €21,138 | €12,020 | -€9,118 | -43.1% |
| Financial income | 75/76B | €876 | €103 | -€773 | -88.2% |
| Recurring financial income | 75 | €876 | €103 | -€773 | -88.2% |
| Financial charges | 65/66B | €7,242 | €5,343 | -€1,899 | -26.2% |
| Recurring financial charges | 65 | €7,242 | €5,343 | -€1,899 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €14,772 | €6,780 | -€7,992 | -54.1% |
| Income taxes | 67/77 | €15,139 | €771 | -€14,368 | -94.9% |
| Profit (loss) for the period | 9904 | -€367 | €6,009 | +€6,376 | |
| Profit (loss) for the period to be appropriated | 9905 | -€367 | €6,009 | +€6,376 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.