mtech+Brabant: 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.
mtech+Brabant
Largest movements
- Current investments +€3.0m
up €3.0m (+190.8%), from €1.6m to €4.5m
- Cash -€3.0m
down €3.0m (-78.2%), from €3.8m to €827,859
mainly Current investments (-€3.0m) and Receivables within one year (-€238,312)
- Receivables within one year +€238,312
up €238,312 (+170.2%), from €140,023 to €378,335
of which Trade receivables: +€133,285
- Deferred charges and accrued income +€80,402
up €80,402 (+21.3%), from €377,643 to €458,045
- Profit (loss) carried forward +€329,444
up €329,444 (+27.6%), from €1.2m to €1.5m
- Gross operating margin +€361,709
up €361,709 (+147.5%), from €245,149 to €606,857
- Staff costs +€83,304
up €83,304 (+44.7%), from €186,301 to €269,605
- Financial income -€27,777
down €27,777 (-67.3%), from €41,303 to €13,526
of which Non-recurring financial income: -€22,248
- Financial charges -€18,777
down €18,777 (-73.6%), from €25,525 to €6,748
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 | €5,885,684 | €6,216,346 | +€330,662 | +5.6% |
| Fixed assets | 21/28 | €14,373 | €23,311 | +€8,937 | +62.2% |
| Intangible fixed assets | 21 | - | €9,444 | +€9,444 | |
| Tangible fixed assets | 22/27 | €6,153 | €5,646 | -€507 | -8.2% |
| Furniture and vehicles | 24 | €6,153 | €5,646 | -€507 | -8.2% |
| Financial fixed assets | 28 | €8,220 | €8,220 | = | 0.0% |
| Current assets | 29/58 | €5,871,311 | €6,193,036 | +€321,725 | +5.5% |
| Amounts receivable within one year | 40/41 | €140,023 | €378,335 | +€238,312 | +170.2% |
| Trade receivables | 40 | €11,407 | €144,692 | +€133,285 | +1168.5% |
| Other amounts receivable | 41 | €128,616 | €233,643 | +€105,027 | +81.7% |
| Current investments | 50/53 | €1,557,291 | €4,528,796 | +€3.0m | +190.8% |
| Cash at bank and in hand | 54/58 | €3,796,354 | €827,859 | -€3.0m | -78.2% |
| Deferred charges and accrued income | 490/1 | €377,643 | €458,045 | +€80,402 | +21.3% |
| Total equity and liabilities | 10/49 | €5,885,684 | €6,216,346 | +€330,662 | +5.6% |
| Equity | 10/15 | €5,656,696 | €5,986,140 | +€329,444 | +5.8% |
| Contributions | 10/11 | €4,232,127 | €4,232,127 | = | 0.0% |
| Capital | 10 | €4,232,127 | €4,232,127 | = | 0.0% |
| Reserves | 13 | €230,659 | €230,659 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,193,910 | €1,523,355 | +€329,444 | +27.6% |
| Amounts payable | 17/49 | €228,988 | €230,206 | +€1,218 | +0.5% |
| Amounts payable within one year | 42/48 | €228,988 | €191,842 | -€37,146 | -16.2% |
| Trade debts | 44 | €200,761 | €165,891 | -€34,869 | -17.4% |
| Suppliers | 440/4 | €200,761 | €165,891 | -€34,869 | -17.4% |
| Taxes, remuneration and social security | 45 | €28,228 | €25,951 | -€2,277 | -8.1% |
| Taxes | 450/3 | €604 | €585 | -€19 | -3.2% |
| Remuneration and social security | 454/9 | €27,623 | €25,366 | -€2,258 | -8.2% |
| Accrued charges and deferred income | 492/3 | - | €38,365 | +€38,365 | |
| Remuneration, social security and pensions | 62 | €186,301 | €269,605 | +€83,304 | +44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,380 | €5,426 | +€3,045 | +127.9% |
| Other operating charges | 640/8 | €7,069 | €9,161 | +€2,092 | +29.6% |
| Gross operating margin | 9900 | €245,149 | €606,857 | +€361,709 | +147.5% |
| Operating profit (loss) | 9901 | €49,398 | €322,666 | +€273,267 | +553.2% |
| Financial income | 75/76B | €41,303 | €13,526 | -€27,777 | -67.3% |
| Recurring financial income | 75 | €19,055 | €13,526 | -€5,529 | -29.0% |
| Non-recurring financial income | 76B | €22,248 | €0 | -€22,248 | -100.0% |
| Financial charges | 65/66B | €25,525 | €6,748 | -€18,777 | -73.6% |
| Recurring financial charges | 65 | €25,525 | €6,748 | -€18,777 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €65,177 | €329,444 | +€264,268 | +405.5% |
| Profit (loss) for the period | 9904 | €65,177 | €329,444 | +€264,268 | +405.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,177 | €329,444 | +€264,268 | +405.5% |
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.