Mtell: 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.
Mtell
Largest movements
- Cash -€30,860
down €30,860 (-69.3%), from €44,530 to €13,670
mainly Tax, wage and social debts (-€15,487) and Trade debts (-€12,783)
- Receivables within one year +€6,689
up €6,689 (+14.2%), from €47,176 to €53,865
- Tax, wage and social debts -€15,487
down €15,487 (-81.6%), from €18,975 to €3,488
- Trade debts -€12,783
down €12,783 (-81.0%), from €15,782 to €2,999
- Reserves +€5,441
up €5,441 (+10.9%), from €50,104 to €55,545
- Other debts -€969
down €969 (-25.2%), from €3,845 to €2,875
- Gross operating margin +€15,659
up €15,659, from -€6,236 to €9,423
- Financial charges +€1,033
up €1,033 (+53.0%), from €1,950 to €2,982
- Taxes +€394
up €394 (+306.6%), from €129 to €523
- Other operating charges -€276
down €276 (-33.5%), from €825 to €549
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 | €91,706 | €67,907 | -€23,799 | -26.0% |
| Current assets | 29/58 | €91,706 | €67,907 | -€23,799 | -26.0% |
| Amounts receivable within one year | 40/41 | €47,176 | €53,865 | +€6,689 | +14.2% |
| Trade receivables | 40 | €47,176 | €53,865 | +€6,689 | +14.2% |
| Cash at bank and in hand | 54/58 | €44,530 | €13,670 | -€30,860 | -69.3% |
| Deferred charges and accrued income | 490/1 | - | €372 | +€372 | |
| Total equity and liabilities | 10/49 | €91,706 | €67,907 | -€23,799 | -26.0% |
| Equity | 10/15 | €53,104 | €58,545 | +€5,441 | +10.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,104 | €55,545 | +€5,441 | +10.9% |
| Distributable reserves | 133 | €50,104 | €55,545 | +€5,441 | +10.9% |
| Amounts payable | 17/49 | €38,602 | €9,362 | -€29,240 | -75.7% |
| Amounts payable within one year | 42/48 | €38,602 | €9,362 | -€29,240 | -75.7% |
| Trade debts | 44 | €15,782 | €2,999 | -€12,783 | -81.0% |
| Suppliers | 440/4 | €15,782 | €2,999 | -€12,783 | -81.0% |
| Taxes, remuneration and social security | 45 | €18,975 | €3,488 | -€15,487 | -81.6% |
| Taxes | 450/3 | €18,975 | €3,488 | -€15,487 | -81.6% |
| Other amounts payable | 47/48 | €3,845 | €2,875 | -€969 | -25.2% |
| Other operating charges | 640/8 | €825 | €549 | -€276 | -33.5% |
| Gross operating margin | 9900 | -€6,236 | €9,423 | +€15,659 | |
| Operating profit (loss) | 9901 | -€7,061 | €8,875 | +€15,935 | |
| Financial income | 75/76B | €0 | €72 | +€72 | +238633.3% |
| Recurring financial income | 75 | €0 | €72 | +€72 | +238633.3% |
| Financial charges | 65/66B | €1,950 | €2,982 | +€1,033 | +53.0% |
| Recurring financial charges | 65 | €1,950 | €2,982 | +€1,033 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,011 | €5,964 | +€14,974 | |
| Income taxes | 67/77 | €129 | €523 | +€394 | +306.6% |
| Profit (loss) for the period | 9904 | -€9,139 | €5,441 | +€14,580 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,139 | €5,441 | +€14,580 |
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 9 October 2026 via checked.be.