mtech+ Vlaams-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+ Vlaams-Brabant
Largest movements
- Cash +€95,198
up €95,198 (+8.0%), from €1.2m to €1.3m
mainly Debts within one year (+€117,556) and Accrued charges and deferred income (+€76,438)
- Intangible fixed assets +€61,861
new in 2025: €61,861
- Debts within one year +€117,556
up €117,556 (+67.0%), from €175,340 to €292,896
- Accrued charges and deferred income +€76,438
up €76,438 (+208,620%), from €37 to €76,475
- Financial charges +€267,328
up €267,328 (+21,389%), from €1,250 to €268,577
- Gross operating margin +€139,057
up €139,057 (+74.8%), from €185,982 to €325,039
- Staff costs -€25,571
down €25,571 (-22.6%), from €113,208 to €87,637
- Financial income +€10,240
up €10,240 (+1,883%), from €544 to €10,783
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 | €3,887,013 | €4,056,047 | +€169,034 | +4.3% |
| Fixed assets | 21/28 | €573 | €61,861 | +€61,289 | +10,705% |
| Intangible fixed assets | 21 | - | €61,861 | +€61,861 | |
| Tangible fixed assets | 22/27 | €573 | €0 | -€573 | -100% |
| Furniture and vehicles | 24 | €573 | €0 | -€573 | -100% |
| Current assets | 29/58 | €3,886,440 | €3,994,185 | +€107,745 | +2.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €2,544,000 | €2,544,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,183,585 | €1,278,783 | +€95,198 | +8.0% |
| Deferred charges and accrued income | 490/1 | €158,855 | €171,402 | +€12,547 | +7.9% |
| Total equity and liabilities | 10/49 | €3,887,013 | €4,056,047 | +€169,034 | +4.3% |
| Equity | 10/15 | €3,711,636 | €3,686,675 | -€24,960 | -0.7% |
| Reserves | 13 | €2,399,263 | €2,399,263 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,312,373 | €1,287,412 | -€24,960 | -1.9% |
| Amounts payable | 17/49 | €175,377 | €369,371 | +€193,994 | +111% |
| Amounts payable within one year | 42/48 | €175,340 | €292,896 | +€117,556 | +67.0% |
| Trade debts | 44 | €46,672 | €44,296 | -€2,376 | -5.1% |
| Suppliers | 440/4 | €46,672 | €44,296 | -€2,376 | -5.1% |
| Taxes, remuneration and social security | 45 | €52 | €14,957 | +€14,905 | +28,741% |
| Taxes | 450/3 | €52 | €17 | -€35 | -68.2% |
| Remuneration and social security | 454/9 | €0 | €14,941 | +€14,941 | |
| Accrued charges and deferred income | 492/3 | €37 | €76,475 | +€76,438 | +208,620% |
| Remuneration, social security and pensions | 62 | €113,208 | €87,637 | -€25,571 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €576 | €573 | -€3 | -0.5% |
| Other operating charges | 640/8 | €4,191 | €3,995 | -€195 | -4.7% |
| Gross operating margin | 9900 | €185,982 | €325,039 | +€139,057 | +74.8% |
| Operating profit (loss) | 9901 | €68,008 | €232,834 | +€164,826 | +242% |
| Financial income | 75/76B | €544 | €10,783 | +€10,240 | +1,883% |
| Recurring financial income | 75 | €544 | €10,783 | +€10,240 | +1,883% |
| Financial charges | 65/66B | €1,250 | €268,577 | +€267,328 | +21,389% |
| Recurring financial charges | 65 | €1,250 | €268,577 | +€267,328 | +21,389% |
| Profit (loss) for the period before taxes | 9903 | €67,302 | -€24,960 | -€92,262 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €67,302 | -€24,960 | -€92,262 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,302 | -€24,960 | -€92,262 |
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 30 October 2026 via checked.be.