MTH-IMMO: 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-IMMO
Largest movements
- Cash +€1.6m
up €1.6m (+1245.0%), from €131,707 to €1.8m
mainly Receivables within one year (+€1.5m) and Net result for the year (+€112,854)
- Receivables within one year -€1.5m
down €1.5m (-45.1%), from €3.2m to €1.8m
- Tangible fixed assets -€68,145
down €68,145 (-9.7%), from €704,819 to €636,673
of which Land and buildings: -€66,935
- Reserves +€112,500
up €112,500 (+39.7%), from €283,480 to €395,980
- Gross operating margin +€34,428
up €34,428 (+21.1%), from €163,472 to €197,900
- Taxes +€15,202
up €15,202 (+39.6%), from €38,411 to €53,612
- Financial income -€11,117
down €11,117 (-14.5%), from €76,485 to €65,367
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 | €4,309,454 | €4,418,184 | +€108,730 | +2.5% |
| Fixed assets | 21/28 | €929,819 | €861,673 | -€68,145 | -7.3% |
| Tangible fixed assets | 22/27 | €704,819 | €636,673 | -€68,145 | -9.7% |
| Land and buildings | 22 | €700,686 | €633,751 | -€66,935 | -9.6% |
| Furniture and vehicles | 24 | €4,133 | €2,923 | -€1,210 | -29.3% |
| Financial fixed assets | 28 | €225,000 | €225,000 | = | 0.0% |
| Current assets | 29/58 | €3,379,636 | €3,556,511 | +€176,875 | +5.2% |
| Amounts receivable within one year | 40/41 | €3,246,899 | €1,782,266 | -€1.5m | -45.1% |
| Other amounts receivable | 41 | €3,246,899 | €1,782,266 | -€1.5m | -45.1% |
| Cash at bank and in hand | 54/58 | €131,707 | €1,771,423 | +€1.6m | +1245.0% |
| Deferred charges and accrued income | 490/1 | €1,030 | €2,821 | +€1,791 | +173.9% |
| Total equity and liabilities | 10/49 | €4,309,454 | €4,418,184 | +€108,730 | +2.5% |
| Equity | 10/15 | €4,175,908 | €4,288,762 | +€112,854 | +2.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €283,480 | €395,980 | +€112,500 | +39.7% |
| Distributable reserves | 133 | €283,480 | €395,980 | +€112,500 | +39.7% |
| Profit (loss) carried forward | 14 | €3,873,836 | €3,874,191 | +€354 | 0.0% |
| Amounts payable | 17/49 | €133,546 | €129,422 | -€4,125 | -3.1% |
| Amounts payable within one year | 42/48 | €133,546 | €129,422 | -€4,125 | -3.1% |
| Trade debts | 44 | - | €2,829 | +€2,829 | |
| Suppliers | 440/4 | - | €2,829 | +€2,829 | |
| Taxes, remuneration and social security | 45 | €38,411 | €28,612 | -€9,798 | -25.5% |
| Taxes | 450/3 | €38,411 | €28,612 | -€9,798 | -25.5% |
| Other amounts payable | 47/48 | €95,136 | €97,980 | +€2,845 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,643 | €68,145 | +€503 | +0.7% |
| Other operating charges | 640/8 | €24,089 | €25,618 | +€1,529 | +6.3% |
| Gross operating margin | 9900 | €163,472 | €197,900 | +€34,428 | +21.1% |
| Operating profit (loss) | 9901 | €71,741 | €104,138 | +€32,397 | +45.2% |
| Financial income | 75/76B | €76,485 | €65,367 | -€11,117 | -14.5% |
| Recurring financial income | 75 | €76,485 | €65,367 | -€11,117 | -14.5% |
| Financial charges | 65/66B | €4,298 | €3,038 | -€1,260 | -29.3% |
| Recurring financial charges | 65 | €4,298 | €3,038 | -€1,260 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €143,927 | €166,467 | +€22,539 | +15.7% |
| Income taxes | 67/77 | €38,411 | €53,612 | +€15,202 | +39.6% |
| Profit (loss) for the period | 9904 | €105,517 | €112,854 | +€7,338 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €105,517 | €112,854 | +€7,338 | +7.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.