MTF CONSTRUCT: 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.
MTF CONSTRUCT
Largest movements
- Receivables within one year -€40,138
down €40,138 (-31.5%), from €127,309 to €87,171
of which Trade receivables: -€36,984
- Tangible fixed assets +€16,345
up €16,345 (+293.6%), from €5,567 to €21,912
- Cash +€5,953
up €5,953 (+151.0%), from €3,943 to €9,896
mainly Receivables within one year (+€40,138) and Depreciation (+€5,700)
- Trade debts -€21,295
down €21,295 (-32.8%), from €64,927 to €43,632
- Profit (loss) carried forward +€4,929
up €4,929 (+17.1%), from €28,881 to €33,810
- Turnover -€754,854
no longer reported in 2024 (was €754,854)
- Purchases and services -€735,185
no longer reported in 2024 (was €735,185)
- Provisions +€31,000
no longer reported in 2024 (was -€31,000)
- Gross operating margin -€27,635
down €27,635 (-69.6%), from €39,727 to €12,091
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 | €139,955 | €121,671 | -€18,285 | -13.1% |
| Formation expenses | 20 | €445 | - | -€445 | |
| Fixed assets | 21/28 | €8,259 | €24,604 | +€16,345 | +197.9% |
| Tangible fixed assets | 22/27 | €5,567 | €21,912 | +€16,345 | +293.6% |
| Furniture and vehicles | 24 | €5,567 | €21,912 | +€16,345 | +293.6% |
| Financial fixed assets | 28 | €2,692 | €2,692 | = | 0.0% |
| Current assets | 29/58 | €131,252 | €97,067 | -€34,185 | -26.0% |
| Amounts receivable within one year | 40/41 | €127,309 | €87,171 | -€40,138 | -31.5% |
| Trade receivables | 40 | €120,797 | €83,814 | -€36,984 | -30.6% |
| Other amounts receivable | 41 | €6,512 | €3,358 | -€3,154 | -48.4% |
| Cash at bank and in hand | 54/58 | €3,943 | €9,896 | +€5,953 | +151.0% |
| Total equity and liabilities | 10/49 | €139,955 | €121,671 | -€18,285 | -13.1% |
| Equity | 10/15 | €49,341 | €54,270 | +€4,929 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,881 | €33,810 | +€4,929 | +17.1% |
| Amounts payable | 17/49 | €90,614 | €67,400 | -€23,214 | -25.6% |
| Amounts payable within one year | 42/48 | €90,614 | €67,400 | -€23,214 | -25.6% |
| Trade debts | 44 | €64,927 | €43,632 | -€21,295 | -32.8% |
| Suppliers | 440/4 | €64,927 | €43,632 | -€21,295 | -32.8% |
| Taxes, remuneration and social security | 45 | €2,942 | €2,338 | -€604 | -20.5% |
| Taxes | 450/3 | €2,338 | €2,338 | = | 0.0% |
| Remuneration and social security | 454/9 | €604 | - | -€604 | |
| Other amounts payable | 47/48 | €22,745 | €21,430 | -€1,314 | -5.8% |
| Turnover | 70 | €754,854 | - | -€754,854 | |
| Goods, raw materials, services and sundry goods | 60/61 | €735,185 | - | -€735,185 | |
| Remuneration, social security and pensions | 62 | €605 | - | -€605 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,288 | €5,700 | -€4,588 | -44.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€31,000 | - | +€31,000 | |
| Other operating charges | 640/8 | €4,990 | €819 | -€4,171 | -83.6% |
| Gross operating margin | 9900 | €39,727 | €12,091 | -€27,635 | -69.6% |
| Operating profit (loss) | 9901 | €54,844 | €5,572 | -€49,271 | -89.8% |
| Financial income | 75/76B | €90 | - | -€90 | |
| Recurring financial income | 75 | €90 | - | -€90 | |
| Financial charges | 65/66B | €743 | €644 | -€99 | -13.3% |
| Recurring financial charges | 65 | €743 | €644 | -€99 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €54,191 | €4,929 | -€49,262 | -90.9% |
| Income taxes | 67/77 | €2,338 | - | -€2,338 | |
| Profit (loss) for the period | 9904 | €51,853 | €4,929 | -€46,925 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,853 | €4,929 | -€46,925 | -90.5% |
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 30 September 2026 via checked.be.