MTI: what changed
MTI
Largest movements
- Tangible fixed assets -€21,626
down €21,626 (-29.2%), from €73,972 to €52,346
of which Furniture and vehicles: -€21,018
- Receivables within one year +€14,551
up €14,551 (+21,033%), from €69 to €14,620
of which Trade receivables: +€14,520
- Cash -€11,149
down €11,149 (-40.8%), from €27,318 to €16,169
mainly Debts after one year (-€17,229) and Receivables within one year (-€14,551)
- Debts after one year -€17,229
down €17,229 (-36.0%), from €47,795 to €30,566
- Profit (loss) carried forward -€7,865
down €7,865 (-22.4%), from -€35,075 to -€42,939
- Other debts +€6,742
up €6,742 (+18.3%), from €36,906 to €43,649
- Tax, wage and social debts -€1,299
down €1,299 (-20.3%), from €6,403 to €5,104
- Gross operating margin +€9,212
up €9,212 (+99.7%), from €9,237 to €18,449
- Financial charges -€776
down €776 (-21.5%), from €3,614 to €2,838
- Depreciation -€583
down €583 (-2.6%), from €22,210 to €21,626
- Other operating charges -€466
down €466 (-23.2%), from €2,008 to €1,542
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,426 | €84,263 | -€18,162 | -17.7% |
| Fixed assets | 21/28 | €73,972 | €52,346 | -€21,626 | -29.2% |
| Tangible fixed assets | 22/27 | €73,972 | €52,346 | -€21,626 | -29.2% |
| Plant, machinery and equipment | 23 | €487 | - | -€487 | |
| Furniture and vehicles | 24 | €72,657 | €51,638 | -€21,018 | -28.9% |
| Other tangible fixed assets | 26 | €829 | €708 | -€121 | -14.6% |
| Current assets | 29/58 | €28,454 | €31,917 | +€3,464 | +12.2% |
| Amounts receivable within one year | 40/41 | €69 | €14,620 | +€14,551 | +21,033% |
| Trade receivables | 40 | - | €14,520 | +€14,520 | |
| Other amounts receivable | 41 | €69 | €100 | +€31 | +44.4% |
| Cash at bank and in hand | 54/58 | €27,318 | €16,169 | -€11,149 | -40.8% |
| Deferred charges and accrued income | 490/1 | €1,066 | €1,128 | +€62 | +5.8% |
| Total equity and liabilities | 10/49 | €102,426 | €84,263 | -€18,162 | -17.7% |
| Equity | 10/15 | -€10,075 | -€17,939 | -€7,865 | -78.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,075 | -€42,939 | -€7,865 | -22.4% |
| Amounts payable | 17/49 | €112,500 | €102,203 | -€10,298 | -9.2% |
| Amounts payable after more than one year | 17 | €47,795 | €30,566 | -€17,229 | -36.0% |
| Financial debts | 170/4 | €47,795 | €30,566 | -€17,229 | -36.0% |
| Amounts payable within one year | 42/48 | €60,548 | €67,478 | +€6,930 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €16,443 | €17,229 | +€786 | +4.8% |
| Trade debts | 44 | €796 | €1,497 | +€701 | +88.1% |
| Suppliers | 440/4 | €796 | €1,497 | +€701 | +88.1% |
| Taxes, remuneration and social security | 45 | €6,403 | €5,104 | -€1,299 | -20.3% |
| Taxes | 450/3 | €6,403 | €5,104 | -€1,299 | -20.3% |
| Other amounts payable | 47/48 | €36,906 | €43,649 | +€6,742 | +18.3% |
| Accrued charges and deferred income | 492/3 | €4,157 | €4,159 | +€1 | 0.0% |
| Non-recurring operating income | 76A | - | €3,365 | +€3,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,210 | €21,626 | -€583 | -2.6% |
| Other operating charges | 640/8 | €2,008 | €1,542 | -€466 | -23.2% |
| Gross operating margin | 9900 | €9,237 | €18,449 | +€9,212 | +99.7% |
| Operating profit (loss) | 9901 | -€14,980 | -€4,719 | +€10,261 | +68.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,614 | €2,838 | -€776 | -21.5% |
| Recurring financial charges | 65 | €3,614 | €2,838 | -€776 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,594 | -€7,557 | +€11,037 | +59.4% |
| Income taxes | 67/77 | €351 | €307 | -€44 | -12.5% |
| Profit (loss) for the period | 9904 | -€18,945 | -€7,865 | +€11,081 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,945 | -€7,865 | +€11,081 | +58.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.