mtech+ Limburg: 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.
What changed
mtech+ Limburg
NACE 84.309, Public administration and defence; compulsory social security
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€386,847
2024 · €1.9m-€1.5m
Equity
€14.5m
2024 · €14.1m+€386,847
Cash
€2.1m
2024 · €3.3m-€1.1m
Balance sheet total
€24.3m
2024 · €23.9m+€461,831
Largest movements
Assets
- Current investments +€1.6m
up €1.6m (+12.4%), from €13.0m to €14.6m
- Cash -€1.1m
down €1.1m (-34.9%), from €3.3m to €2.1m
mainly Current investments (-€1.6m) and Trade debts (-€161,678)
Equity and liabilities
- Profit (loss) carried forward +€386,847
up €386,847 (+7.6%), from €5.1m to €5.5m
- Provisions +€245,721
up €245,721 (+2.6%), from €9.3m to €9.6m
Income statement
- Financial income -€1.3m
down €1.3m (-98.7%), from €1.3m to €16,447
- Gross operating margin -€249,509
down €249,509 (-18.4%), from €1.4m to €1.1m
- Staff costs +€24,106
up €24,106 (+6.2%), from €389,505 to €413,611
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.
Result 2024
€1.9m
Gross operating margin
-€249,509
Staff costs
-€24,106
Depreciation
-€1,593
Other operating charges
-€3,793
Other operating items
+€10,313
Financial income
-€1.3m
Financial charges
+€7,473
Result 2025
€386,847
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€465,247
Investment
-€1.6m
Financing
€0
Cash 2024
€3.3m
From operations (derived)
+€465,247
Net result for the year
+€386,847
Depreciation
+€20,034
Receivables within one year
-€51,608
Deferred charges and accrued income
+€34,989
Provisions
+€245,721
Trade debts
-€161,678
Tax, wage and social debts
-€7,322
Accrued charges and deferred income
-€1,737
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€5,765
Current investments
-€1.6m
Cash 2025
€2.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,862,199 | €24,324,030 | +€461,831 | +1.9% |
| Fixed assets | 21/28 | €4,742,545 | €4,728,275 | -€14,270 | -0.3% |
| Tangible fixed assets | 22/27 | €43,565 | €29,295 | -€14,270 | -32.8% |
| Plant, machinery and equipment | 23 | €27,294 | €14,461 | -€12,833 | -47.0% |
| Furniture and vehicles | 24 | €16,271 | €14,834 | -€1,437 | -8.8% |
| Financial fixed assets | 28 | €4,698,980 | €4,698,980 | = | 0.0% |
| Current assets | 29/58 | €19,119,654 | €19,595,755 | +€476,101 | +2.5% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,745,755 | €1,797,363 | +€51,608 | +3.0% |
| Trade receivables | 40 | €93,434 | €92,465 | -€969 | -1.0% |
| Other amounts receivable | 41 | €1,652,321 | €1,704,898 | +€52,577 | +3.2% |
| Current investments | 50/53 | €13,004,280 | €14,610,324 | +€1.6m | +12.4% |
| Cash at bank and in hand | 54/58 | €3,287,179 | €2,140,617 | -€1.1m | -34.9% |
| Deferred charges and accrued income | 490/1 | €82,440 | €47,451 | -€34,989 | -42.4% |
| Total equity and liabilities | 10/49 | €23,862,199 | €24,324,030 | +€461,831 | +1.9% |
| Equity | 10/15 | €14,080,284 | €14,467,131 | +€386,847 | +2.7% |
| Reserves | 13 | €8,996,561 | €8,996,561 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,083,722 | €5,470,570 | +€386,847 | +7.6% |
| Provisions and deferred taxes | 16 | €9,327,242 | €9,572,963 | +€245,721 | +2.6% |
| Amounts payable | 17/49 | €454,673 | €283,936 | -€170,737 | -37.6% |
| Amounts payable within one year | 42/48 | €451,457 | €282,458 | -€169,000 | -37.4% |
| Trade debts | 44 | €378,032 | €216,354 | -€161,678 | -42.8% |
| Suppliers | 440/4 | €378,032 | €216,354 | -€161,678 | -42.8% |
| Taxes, remuneration and social security | 45 | €73,426 | €66,104 | -€7,322 | -10.0% |
| Remuneration and social security | 454/9 | €73,426 | €66,104 | -€7,322 | -10.0% |
| Accrued charges and deferred income | 492/3 | €3,216 | €1,478 | -€1,737 | -54.0% |
| Remuneration, social security and pensions | 62 | €389,505 | €413,611 | +€24,106 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,441 | €20,034 | +€1,593 | +8.6% |
| Other operating charges | 640/8 | €28,970 | €32,762 | +€3,793 | +13.1% |
| Gross operating margin | 9900 | €1,354,667 | €1,105,159 | -€249,509 | -18.4% |
| Operating profit (loss) | 9901 | €661,718 | €393,030 | -€268,688 | -40.6% |
| Financial income | 75/76B | €1,303,084 | €16,447 | -€1.3m | -98.7% |
| Recurring financial income | 75 | €1,303,084 | €16,447 | -€1.3m | -98.7% |
| Financial charges | 65/66B | €30,103 | €22,630 | -€7,473 | -24.8% |
| Recurring financial charges | 65 | €30,103 | €22,630 | -€7,473 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €1,934,699 | €386,847 | -€1.5m | -80.0% |
| Profit (loss) for the period | 9904 | €1,934,699 | €386,847 | -€1.5m | -80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,934,699 | €386,847 | -€1.5m | -80.0% |
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 19 October 2026 via checked.be.