MTGN 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.
MTGN Construct
Largest movements
- Receivables within one year -€33,828
down €33,828 (-95.6%), from €35,401 to €1,573
of which Trade receivables: -€32,437
- Tangible fixed assets +€25,143
new in 2024: €25,143
- Cash +€4,764
up €4,764 (+241.3%), from €1,974 to €6,737
mainly Receivables within one year (+€33,828) and Net result for the year (+€5,337)
- Deferred charges and accrued income +€1,089
new in 2024: €1,089
- Trade debts -€7,168
down €7,168 (-29.4%), from €24,422 to €17,254
- Profit (loss) carried forward +€5,337
up €5,337 (+87.7%), from €6,086 to €11,424
- Accrued charges and deferred income -€1,000
no longer reported in 2024 (was €1,000)
- Tax, wage and social debts -€832
down €832 (-13.7%), from €6,066 to €5,234
of which Remuneration and social security: -€1,749
- Other debts +€831
new in 2024: €831
- Gross operating margin -€34,957
down €34,957 (-62.6%), from €55,885 to €20,928
- Staff costs -€21,432
down €21,432 (-65.5%), from €32,720 to €11,287
- Depreciation -€9,062
down €9,062 (-74.5%), from €12,168 to €3,107
- Taxes -€2,900
down €2,900 (-74.7%), from €3,884 to €983
- Other operating charges -€1,482
down €1,482 (-93.4%), from €1,587 to €105
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 | €41,575 | €38,743 | -€2,832 | -6.8% |
| Fixed assets | 21/28 | €4,200 | €29,343 | +€25,143 | +598.7% |
| Tangible fixed assets | 22/27 | - | €25,143 | +€25,143 | |
| Furniture and vehicles | 24 | - | €25,143 | +€25,143 | |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €37,375 | €9,399 | -€27,975 | -74.9% |
| Amounts receivable within one year | 40/41 | €35,401 | €1,573 | -€33,828 | -95.6% |
| Trade receivables | 40 | €33,278 | €841 | -€32,437 | -97.5% |
| Other amounts receivable | 41 | €2,123 | €731 | -€1,391 | -65.5% |
| Cash at bank and in hand | 54/58 | €1,974 | €6,737 | +€4,764 | +241.3% |
| Deferred charges and accrued income | 490/1 | - | €1,089 | +€1,089 | |
| Total equity and liabilities | 10/49 | €41,575 | €38,743 | -€2,832 | -6.8% |
| Equity | 10/15 | €10,086 | €15,424 | +€5,337 | +52.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,086 | €11,424 | +€5,337 | +87.7% |
| Amounts payable | 17/49 | €31,488 | €23,319 | -€8,169 | -25.9% |
| Amounts payable within one year | 42/48 | €30,488 | €23,319 | -€7,169 | -23.5% |
| Trade debts | 44 | €24,422 | €17,254 | -€7,168 | -29.4% |
| Suppliers | 440/4 | €24,422 | €17,254 | -€7,168 | -29.4% |
| Taxes, remuneration and social security | 45 | €6,066 | €5,234 | -€832 | -13.7% |
| Taxes | 450/3 | €4,185 | €5,102 | +€917 | +21.9% |
| Remuneration and social security | 454/9 | €1,881 | €132 | -€1,749 | -93.0% |
| Other amounts payable | 47/48 | - | €831 | +€831 | |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €32,720 | €11,287 | -€21,432 | -65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,168 | €3,107 | -€9,062 | -74.5% |
| Other operating charges | 640/8 | €1,587 | €105 | -€1,482 | -93.4% |
| Gross operating margin | 9900 | €55,885 | €20,928 | -€34,957 | -62.6% |
| Operating profit (loss) | 9901 | €9,410 | €6,429 | -€2,981 | -31.7% |
| Financial income | 75/76B | €674 | - | -€674 | |
| Recurring financial income | 75 | €674 | - | -€674 | |
| Financial charges | 65/66B | €114 | €108 | -€6 | -5.1% |
| Recurring financial charges | 65 | €114 | €108 | -€6 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €9,970 | €6,321 | -€3,649 | -36.6% |
| Income taxes | 67/77 | €3,884 | €983 | -€2,900 | -74.7% |
| Profit (loss) for the period | 9904 | €6,086 | €5,337 | -€749 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,086 | €5,337 | -€749 | -12.3% |
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 29 September 2026 via checked.be.