MTH CONSTRUCTION: 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.
MTH CONSTRUCTION
Largest movements
- Receivables within one year +€45,812
up €45,812 (+557%), from €8,231 to €54,042
of which Trade receivables: +€48,406
- Cash +€11,146
new in 2025: €11,146
mainly Net result for the year (+€26,306) and Tax, wage and social debts (+€16,803)
- Reserves +€27,439
new in 2025: €27,439
- Tax, wage and social debts +€16,803
new in 2025: €16,803
- Trade debts +€9,479
up €9,479 (+452%), from €2,097 to €11,576
of which Bills of exchange payable: +€11,351
- Other debts +€4,370
new in 2025: €4,370
- Profit (loss) carried forward -€1,133
no longer reported in 2025 (was €1,133)
- Gross operating margin +€32,675
up €32,675 (+2,306%), from €1,417 to €34,092
- Taxes +€7,493
up €7,493 (+2,644%), from €283 to €7,776
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 | €8,231 | €65,189 | +€56,958 | +692% |
| Current assets | 29/58 | €8,231 | €65,189 | +€56,958 | +692% |
| Amounts receivable within one year | 40/41 | €8,231 | €54,042 | +€45,812 | +557% |
| Trade receivables | 40 | €3,216 | €51,622 | +€48,406 | +1,505% |
| Other amounts receivable | 41 | €5,015 | €2,420 | -€2,595 | -51.7% |
| Cash at bank and in hand | 54/58 | - | €11,146 | +€11,146 | |
| Total equity and liabilities | 10/49 | €8,231 | €65,189 | +€56,958 | +692% |
| Equity | 10/15 | €6,133 | €32,439 | +€26,306 | +429% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €27,439 | +€27,439 | |
| Distributable reserves | 133 | - | €27,439 | +€27,439 | |
| Profit (loss) carried forward | 14 | €1,133 | - | -€1,133 | |
| Amounts payable | 17/49 | €2,097 | €32,749 | +€30,652 | +1,462% |
| Amounts payable within one year | 42/48 | €2,097 | €32,749 | +€30,652 | +1,462% |
| Trade debts | 44 | €2,097 | €11,576 | +€9,479 | +452% |
| Suppliers | 440/4 | €1,872 | - | -€1,872 | |
| Bills of exchange payable | 441 | €225 | €11,576 | +€11,351 | +5,052% |
| Taxes, remuneration and social security | 45 | - | €16,803 | +€16,803 | |
| Taxes | 450/3 | - | €16,803 | +€16,803 | |
| Other amounts payable | 47/48 | - | €4,370 | +€4,370 | |
| Gross operating margin | 9900 | €1,417 | €34,092 | +€32,675 | +2,306% |
| Operating profit (loss) | 9901 | €1,417 | €34,092 | +€32,675 | +2,306% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €9 | +€9 | |
| Recurring financial charges | 65 | - | €9 | +€9 | |
| Profit (loss) for the period before taxes | 9903 | €1,417 | €34,082 | +€32,666 | +2,306% |
| Income taxes | 67/77 | €283 | €7,776 | +€7,493 | +2,644% |
| Profit (loss) for the period | 9904 | €1,133 | €26,306 | +€25,172 | +2,221% |
| Profit (loss) for the period to be appropriated | 9905 | €1,133 | €26,306 | +€25,172 | +2,221% |
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 25 October 2026 via checked.be.