Mth Cie: 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.
Mth Cie
Largest movements
- Tangible fixed assets -€42,836
down €42,836 (-27.6%), from €155,003 to €112,166
- Receivables within one year -€5,132
down €5,132 (-71.8%), from €7,146 to €2,014
of which Trade receivables: -€5,066
- Debts after one year -€20,769
down €20,769 (-10.4%), from €200,585 to €179,816
of which Financial debts: -€20,769
- Other debts -€17,623
down €17,623 (-50.6%), from €34,828 to €17,205
- Profit (loss) carried forward -€10,890
down €10,890 (-9.9%), from -€109,541 to -€120,431
- Trade debts +€2,763
up €2,763 (+32.9%), from €8,386 to €11,149
- Current portion of long-term debt -€1,723
down €1,723 (-7.5%), from €22,886 to €21,163
- Depreciation -€8,201
down €8,201 (-18.8%), from €43,601 to €35,401
- Gross operating margin -€3,558
down €3,558 (-11.5%), from €30,962 to €27,404
- Financial charges -€366
down €366 (-13.0%), from €2,820 to €2,454
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 | €163,646 | €114,721 | -€48,925 | -29.9% |
| Fixed assets | 21/28 | €155,003 | €112,166 | -€42,836 | -27.6% |
| Tangible fixed assets | 22/27 | €155,003 | €112,166 | -€42,836 | -27.6% |
| Furniture and vehicles | 24 | €28,459 | €10,912 | -€17,547 | -61.7% |
| Leasing and similar rights | 25 | €25,422 | €14,993 | -€10,429 | -41.0% |
| Other tangible fixed assets | 26 | €101,122 | €86,262 | -€14,860 | -14.7% |
| Current assets | 29/58 | €8,643 | €2,555 | -€6,089 | -70.4% |
| Amounts receivable within one year | 40/41 | €7,146 | €2,014 | -€5,132 | -71.8% |
| Trade receivables | 40 | €7,079 | €2,014 | -€5,066 | -71.6% |
| Other amounts receivable | 41 | €66 | - | -€66 | |
| Cash at bank and in hand | 54/58 | €451 | €162 | -€290 | -64.1% |
| Deferred charges and accrued income | 490/1 | €1,046 | €379 | -€667 | -63.8% |
| Total equity and liabilities | 10/49 | €163,646 | €114,721 | -€48,925 | -29.9% |
| Equity | 10/15 | -€105,541 | -€116,431 | -€10,890 | -10.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,541 | -€120,431 | -€10,890 | -9.9% |
| Amounts payable | 17/49 | €269,187 | €231,152 | -€38,035 | -14.1% |
| Amounts payable after more than one year | 17 | €200,585 | €179,816 | -€20,769 | -10.4% |
| Financial debts | 170/4 | €50,585 | €29,816 | -€20,769 | -41.1% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68,602 | €51,299 | -€17,303 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €22,886 | €21,163 | -€1,723 | -7.5% |
| Financial debts | 43 | €160 | €34 | -€127 | -78.9% |
| Credit institutions | 430/8 | €160 | €34 | -€127 | -78.9% |
| Trade debts | 44 | €8,386 | €11,149 | +€2,763 | +32.9% |
| Suppliers | 440/4 | €8,386 | €11,149 | +€2,763 | +32.9% |
| Taxes, remuneration and social security | 45 | €2,341 | €1,747 | -€594 | -25.4% |
| Taxes | 450/3 | €2,341 | €1,747 | -€594 | -25.4% |
| Other amounts payable | 47/48 | €34,828 | €17,205 | -€17,623 | -50.6% |
| Accrued charges and deferred income | 492/3 | - | €37 | +€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,601 | €35,401 | -€8,201 | -18.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €30,962 | €27,404 | -€3,558 | -11.5% |
| Operating profit (loss) | 9901 | -€13,027 | -€8,396 | +€4,631 | +35.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,820 | €2,454 | -€366 | -13.0% |
| Recurring financial charges | 65 | €2,820 | €2,454 | -€366 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,847 | -€10,850 | +€4,997 | +31.5% |
| Income taxes | 67/77 | €228 | €40 | -€188 | -82.5% |
| Profit (loss) for the period | 9904 | -€16,076 | -€10,890 | +€5,186 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,076 | -€10,890 | +€5,186 | +32.3% |
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 4 October 2026 via checked.be.