MTI Boutique: 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.
MTI Boutique
Largest movements
- Receivables within one year +€111,370
up €111,370 (+64.4%), from €172,811 to €284,181
of which Trade receivables: +€76,218
- Tangible fixed assets +€23,467
up €23,467 (+12.6%), from €185,582 to €209,049
of which Plant, machinery and equipment: +€25,491
- Cash -€14,045
down €14,045 (-49.5%), from €28,388 to €14,344
mainly Receivables within one year (-€111,370) and Investment in fixed assets (net) (-€50,563)
- Tax, wage and social debts +€55,517
up €55,517 (+592%), from €9,373 to €64,890
- Debts after one year +€52,768
up €52,768 (+202%), from €26,170 to €78,938
- Trade debts -€46,087
down €46,087 (-26.2%), from €175,988 to €129,901
- Profit (loss) carried forward +€40,257
up €40,257 (+152%), from €26,455 to €66,711
- Current portion of long-term debt +€16,483
up €16,483 (+283%), from €5,830 to €22,312
- Gross operating margin +€86,327
up €86,327 (+1,329%), from €6,494 to €92,821
- Depreciation +€16,447
up €16,447 (+132%), from €12,504 to €28,951
- Taxes +€16,000
new in 2024: €16,000
- Financial charges +€6,918
up €6,918 (+697%), from €993 to €7,911
- Financial income +€1,462
up €1,462 (+922%), from €159 to €1,621
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €479,816 | €598,753 | +€118,937 | +24.8% |
| Fixed assets | 21/28 | €227,125 | €248,737 | +€21,612 | +9.5% |
| Intangible fixed assets | 21 | €10,875 | €9,375 | -€1,500 | -13.8% |
| Tangible fixed assets | 22/27 | €185,582 | €209,049 | +€23,467 | +12.6% |
| Land and buildings | 22 | €165,553 | €160,990 | -€4,563 | -2.8% |
| Plant, machinery and equipment | 23 | €3,851 | €29,341 | +€25,491 | +662% |
| Furniture and vehicles | 24 | €16,178 | €18,718 | +€2,539 | +15.7% |
| Financial fixed assets | 28 | €30,668 | €30,313 | -€355 | -1.2% |
| Current assets | 29/58 | €252,691 | €350,016 | +€97,325 | +38.5% |
| Amounts receivable within one year | 40/41 | €172,811 | €284,181 | +€111,370 | +64.4% |
| Trade receivables | 40 | €151,575 | €227,793 | +€76,218 | +50.3% |
| Other amounts receivable | 41 | €21,237 | €56,389 | +€35,152 | +166% |
| Current investments | 50/53 | €51,491 | €51,491 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,388 | €14,344 | -€14,045 | -49.5% |
| Total equity and liabilities | 10/49 | €479,816 | €598,753 | +€118,937 | +24.8% |
| Equity | 10/15 | €33,455 | €73,711 | +€40,257 | +120% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,455 | €66,711 | +€40,257 | +152% |
| Amounts payable | 17/49 | €446,361 | €525,042 | +€78,680 | +17.6% |
| Amounts payable after more than one year | 17 | €26,170 | €78,938 | +€52,768 | +202% |
| Financial debts | 170/4 | €26,170 | €78,938 | +€52,768 | +202% |
| Amounts payable within one year | 42/48 | €420,191 | €446,103 | +€25,912 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €5,830 | €22,312 | +€16,483 | +283% |
| Trade debts | 44 | €175,988 | €129,901 | -€46,087 | -26.2% |
| Suppliers | 440/4 | €175,988 | €129,901 | -€46,087 | -26.2% |
| Taxes, remuneration and social security | 45 | €9,373 | €64,890 | +€55,517 | +592% |
| Taxes | 450/3 | €9,373 | €64,890 | +€55,517 | +592% |
| Other amounts payable | 47/48 | €229,000 | €229,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,504 | €28,951 | +€16,447 | +132% |
| Other operating charges | 640/8 | €2,002 | €1,323 | -€679 | -33.9% |
| Gross operating margin | 9900 | €6,494 | €92,821 | +€86,327 | +1,329% |
| Operating profit (loss) | 9901 | -€8,011 | €62,547 | +€70,559 | |
| Financial income | 75/76B | €159 | €1,621 | +€1,462 | +922% |
| Recurring financial income | 75 | €159 | €1,621 | +€1,462 | +922% |
| Financial charges | 65/66B | €993 | €7,911 | +€6,918 | +697% |
| Recurring financial charges | 65 | €993 | €7,911 | +€6,918 | +697% |
| Profit (loss) for the period before taxes | 9903 | -€8,846 | €56,257 | +€65,103 | |
| Income taxes | 67/77 | - | €16,000 | +€16,000 | |
| Profit (loss) for the period | 9904 | -€8,846 | €40,257 | +€49,103 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,846 | €40,257 | +€49,103 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.