MTI²: 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.
MTI²
Largest movements
- Intangible fixed assets +€181,244
up €181,244 (+39.1%), from €463,276 to €644,520
- Cash -€142,331
down €142,331 (-52.8%), from €269,495 to €127,164
mainly Debts after one year (-€248,539) and Investment in fixed assets (net) (-€228,140)
- Receivables within one year -€90,762
down €90,762 (-41.0%), from €221,494 to €130,732
of which Trade receivables: -€89,289
- Tangible fixed assets -€88,119
down €88,119 (-32.7%), from €269,668 to €181,549
- Debts after one year -€248,539
down €248,539 (-43.6%), from €570,000 to €321,461
- Reserves +€214,579
up €214,579 (+52.0%), from €412,795 to €627,374
- Tax, wage and social debts -€58,070
down €58,070 (-33.0%), from €175,902 to €117,832
of which Taxes: -€52,295
- Trade debts -€34,925
down €34,925 (-75.5%), from €46,231 to €11,306
- Gross operating margin -€983,889
down €983,889 (-48.1%), from €2.0m to €1.1m
- Staff costs -€662,559
down €662,559 (-50.8%), from €1.3m to €641,325
- Taxes -€95,021
down €95,021 (-73.1%), from €130,000 to €34,979
- Depreciation -€28,804
down €28,804 (-17.6%), from €163,819 to €135,015
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 | €1,223,933 | €1,083,965 | -€139,968 | -11.4% |
| Fixed assets | 21/28 | €732,944 | €826,069 | +€93,125 | +12.7% |
| Intangible fixed assets | 21 | €463,276 | €644,520 | +€181,244 | +39.1% |
| Tangible fixed assets | 22/27 | €269,668 | €181,549 | -€88,119 | -32.7% |
| Furniture and vehicles | 24 | €269,668 | €181,549 | -€88,119 | -32.7% |
| Current assets | 29/58 | €490,989 | €257,896 | -€233,093 | -47.5% |
| Amounts receivable within one year | 40/41 | €221,494 | €130,732 | -€90,762 | -41.0% |
| Trade receivables | 40 | €215,021 | €125,732 | -€89,289 | -41.5% |
| Other amounts receivable | 41 | €6,473 | €5,000 | -€1,473 | -22.8% |
| Cash at bank and in hand | 54/58 | €269,495 | €127,164 | -€142,331 | -52.8% |
| Total equity and liabilities | 10/49 | €1,223,933 | €1,083,965 | -€139,968 | -11.4% |
| Equity | 10/15 | €413,795 | €628,374 | +€214,579 | +51.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €412,795 | €627,374 | +€214,579 | +52.0% |
| Distributable reserves | 133 | €412,795 | €627,374 | +€214,579 | +52.0% |
| Amounts payable | 17/49 | €810,138 | €455,591 | -€354,547 | -43.8% |
| Amounts payable after more than one year | 17 | €570,000 | €321,461 | -€248,539 | -43.6% |
| Financial debts | 170/4 | €570,000 | €321,461 | -€248,539 | -43.6% |
| Amounts payable within one year | 42/48 | €237,488 | €134,130 | -€103,358 | -43.5% |
| Trade debts | 44 | €46,231 | €11,306 | -€34,925 | -75.5% |
| Suppliers | 440/4 | €46,231 | €11,306 | -€34,925 | -75.5% |
| Taxes, remuneration and social security | 45 | €175,902 | €117,832 | -€58,070 | -33.0% |
| Taxes | 450/3 | €98,526 | €46,231 | -€52,295 | -53.1% |
| Remuneration and social security | 454/9 | €77,376 | €71,601 | -€5,775 | -7.5% |
| Other amounts payable | 47/48 | €15,355 | €4,992 | -€10,363 | -67.5% |
| Accrued charges and deferred income | 492/3 | €2,650 | - | -€2,650 | |
| Remuneration, social security and pensions | 62 | €1,303,884 | €641,325 | -€662,559 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,819 | €135,015 | -€28,804 | -17.6% |
| Other operating charges | 640/8 | €5,906 | €1,673 | -€4,233 | -71.7% |
| Gross operating margin | 9900 | €2,043,689 | €1,059,800 | -€983,889 | -48.1% |
| Operating profit (loss) | 9901 | €570,080 | €281,787 | -€288,293 | -50.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €27,286 | €32,229 | +€4,943 | +18.1% |
| Recurring financial charges | 65 | €27,286 | €32,229 | +€4,943 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €542,795 | €249,558 | -€293,237 | -54.0% |
| Income taxes | 67/77 | €130,000 | €34,979 | -€95,021 | -73.1% |
| Profit (loss) for the period | 9904 | €412,795 | €214,579 | -€198,216 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €412,795 | €214,579 | -€198,216 | -48.0% |
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 4 October 2026 via checked.be.