MTHLAB: 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.
MTHLAB
Largest movements
- Receivables within one year +€61,970
up €61,970 (+55.3%), from €112,013 to €173,983
of which Trade receivables: +€67,520
- Cash -€26,228
down €26,228 (-7.9%), from €333,059 to €306,831
mainly Other debts (-€238,557) and Receivables within one year (-€61,970)
- Profit (loss) carried forward +€316,801
up €316,801 (+2,732%), from €11,598 to €328,399
- Other debts -€238,557
down €238,557 (-99.3%), from €240,226 to €1,668
- Tax, wage and social debts -€48,496
down €48,496 (-76.0%), from €63,816 to €15,321
of which Taxes: -€48,496
- Trade debts +€6,598
new in 2025: €6,598
- Gross operating margin +€211,920
up €211,920 (+102%), from €207,594 to €419,515
- Taxes +€51,907
up €51,907 (+105%), from €49,414 to €101,321
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 | €466,640 | €502,986 | +€36,346 | +7.8% |
| Fixed assets | 21/28 | €813 | €2,983 | +€2,170 | +267% |
| Tangible fixed assets | 22/27 | €813 | €2,983 | +€2,170 | +267% |
| Furniture and vehicles | 24 | €813 | €2,983 | +€2,170 | +267% |
| Current assets | 29/58 | €465,827 | €500,002 | +€34,176 | +7.3% |
| Amounts receivable within one year | 40/41 | €112,013 | €173,983 | +€61,970 | +55.3% |
| Trade receivables | 40 | €106,463 | €173,983 | +€67,520 | +63.4% |
| Other amounts receivable | 41 | €5,549 | - | -€5,549 | |
| Cash at bank and in hand | 54/58 | €333,059 | €306,831 | -€26,228 | -7.9% |
| Deferred charges and accrued income | 490/1 | €20,755 | €19,188 | -€1,567 | -7.5% |
| Total equity and liabilities | 10/49 | €466,640 | €502,986 | +€36,346 | +7.8% |
| Equity | 10/15 | €162,598 | €479,399 | +€316,801 | +195% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,400 | €132,400 | = | 0.0% |
| Distributable reserves | 133 | €132,400 | €132,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,598 | €328,399 | +€316,801 | +2,732% |
| Amounts payable | 17/49 | €304,042 | €23,587 | -€280,455 | -92.2% |
| Amounts payable within one year | 42/48 | €304,042 | €23,587 | -€280,455 | -92.2% |
| Trade debts | 44 | - | €6,598 | +€6,598 | |
| Suppliers | 440/4 | - | €6,598 | +€6,598 | |
| Taxes, remuneration and social security | 45 | €63,816 | €15,321 | -€48,496 | -76.0% |
| Taxes | 450/3 | €55,816 | €7,321 | -€48,496 | -86.9% |
| Remuneration and social security | 454/9 | €8,000 | €8,000 | = | 0.0% |
| Other amounts payable | 47/48 | €240,226 | €1,668 | -€238,557 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €437 | €518 | +€81 | +18.5% |
| Other operating charges | 640/8 | €1,103 | €617 | -€486 | -44.1% |
| Gross operating margin | 9900 | €207,594 | €419,515 | +€211,920 | +102% |
| Operating profit (loss) | 9901 | €206,054 | €418,379 | +€212,325 | +103% |
| Financial charges | 65/66B | €91 | €258 | +€166 | +182% |
| Recurring financial charges | 65 | €91 | €258 | +€166 | +182% |
| Profit (loss) for the period before taxes | 9903 | €205,963 | €418,122 | +€212,159 | +103% |
| Income taxes | 67/77 | €49,414 | €101,321 | +€51,907 | +105% |
| Profit (loss) for the period | 9904 | €156,549 | €316,801 | +€160,252 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €156,549 | €316,801 | +€160,252 | +102% |
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 27 October 2026 via checked.be.