MTI: 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.
MTI
Largest movements
- Receivables within one year -€51,142
down €51,142 (-67.3%), from €75,989 to €24,846
of which Trade receivables: -€51,820
- Tangible fixed assets -€24,000
down €24,000 (-37.8%), from €63,532 to €39,532
of which Leasing and similar rights: -€25,016
- Cash +€14,029
up €14,029 (+54.4%), from €25,802 to €39,831
mainly Receivables within one year (+€51,142) and Depreciation (+€21,484)
- Debts after one year -€15,186
down €15,186 (-56.5%), from €26,860 to €11,674
- Tax, wage and social debts -€12,106
down €12,106 (-44.2%), from €27,373 to €15,267
of which Remuneration and social security: -€12,106
- Other debts -€11,610
no longer reported in 2025 (was €11,610)
- Profit (loss) carried forward -€10,786
down €10,786 (-43.3%), from €24,891 to €14,105
- Current portion of long-term debt -€10,193
down €10,193 (-35.5%), from €28,710 to €18,517
- Turnover -€207,368
down €207,368 (-49.0%), from €422,869 to €215,501
- Purchases and services -€105,055
down €105,055 (-36.8%), from €285,525 to €180,470
- Gross operating margin -€102,706
down €102,706 (-63.5%), from €161,820 to €59,114
- Staff costs -€59,205
down €59,205 (-63.6%), from €93,077 to €33,872
- Depreciation -€21,821
down €21,821 (-50.4%), from €43,304 to €21,484
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 | €165,458 | €104,345 | -€61,113 | -36.9% |
| Fixed assets | 21/28 | €63,667 | €39,667 | -€24,000 | -37.7% |
| Tangible fixed assets | 22/27 | €63,532 | €39,532 | -€24,000 | -37.8% |
| Furniture and vehicles | 24 | €9,173 | €10,190 | +€1,016 | +11.1% |
| Leasing and similar rights | 25 | €54,359 | €29,342 | -€25,016 | -46.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €101,791 | €64,678 | -€37,113 | -36.5% |
| Amounts receivable within one year | 40/41 | €75,989 | €24,846 | -€51,142 | -67.3% |
| Trade receivables | 40 | €68,282 | €16,462 | -€51,820 | -75.9% |
| Other amounts receivable | 41 | €7,706 | €8,384 | +€678 | +8.8% |
| Cash at bank and in hand | 54/58 | €25,802 | €39,831 | +€14,029 | +54.4% |
| Total equity and liabilities | 10/49 | €165,458 | €104,345 | -€61,113 | -36.9% |
| Equity | 10/15 | €54,891 | €44,105 | -€10,786 | -19.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,891 | €14,105 | -€10,786 | -43.3% |
| Amounts payable | 17/49 | €110,566 | €60,240 | -€50,327 | -45.5% |
| Amounts payable after more than one year | 17 | €26,860 | €11,674 | -€15,186 | -56.5% |
| Financial debts | 170/4 | €26,860 | €11,674 | -€15,186 | -56.5% |
| Amounts payable within one year | 42/48 | €83,706 | €48,565 | -€35,140 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €28,710 | €18,517 | -€10,193 | -35.5% |
| Trade debts | 44 | €16,013 | €14,782 | -€1,232 | -7.7% |
| Suppliers | 440/4 | €16,013 | €14,782 | -€1,232 | -7.7% |
| Taxes, remuneration and social security | 45 | €27,373 | €15,267 | -€12,106 | -44.2% |
| Taxes | 450/3 | €4,220 | €4,220 | = | 0.0% |
| Remuneration and social security | 454/9 | €23,153 | €11,047 | -€12,106 | -52.3% |
| Other amounts payable | 47/48 | €11,610 | - | -€11,610 | |
| Turnover | 70 | €422,869 | €215,501 | -€207,368 | -49.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €285,525 | €180,470 | -€105,055 | -36.8% |
| Remuneration, social security and pensions | 62 | €93,077 | €33,872 | -€59,205 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,304 | €21,484 | -€21,821 | -50.4% |
| Other operating charges | 640/8 | €1,912 | €11,089 | +€9,177 | +479.8% |
| Gross operating margin | 9900 | €161,820 | €59,114 | -€102,706 | -63.5% |
| Operating profit (loss) | 9901 | €23,527 | -€7,330 | -€30,857 | |
| Financial income | 75/76B | €4 | €0 | -€4 | -97.5% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -97.5% |
| Financial charges | 65/66B | €4,449 | €3,456 | -€993 | -22.3% |
| Recurring financial charges | 65 | €4,449 | €3,456 | -€993 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €19,082 | -€10,786 | -€29,868 | |
| Income taxes | 67/77 | €4,220 | - | -€4,220 | |
| Profit (loss) for the period | 9904 | €14,862 | -€10,786 | -€25,648 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,862 | -€10,786 | -€25,648 |
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 6 October 2026 via checked.be.