MTI Projects: 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 Projects
Largest movements
- Cash +€10,866
up €10,866 (+145.4%), from €7,474 to €18,340
mainly Depreciation (+€10,463) and Net result for the year (+€7,792)
- Tangible fixed assets -€10,463
down €10,463 (-39.2%), from €26,675 to €16,212
of which Furniture and vehicles: -€10,030
- Deferred charges and accrued income +€3,873
up €3,873 (+60.3%), from €6,421 to €10,294
- Tax, wage and social debts -€7,257
down €7,257 (-99.1%), from €7,320 to €63
- Profit (loss) carried forward +€6,959
up €6,959 (+35.8%), from €19,423 to €26,382
- Other debts +€3,543
up €3,543 (+34.6%), from €10,244 to €13,787
- Accrued charges and deferred income +€830
new in 2025: €830
- Gross operating margin +€15,255
up €15,255 (+215.9%), from €7,065 to €22,320
- Depreciation +€4,648
up €4,648 (+80.0%), from €5,814 to €10,463
- Taxes +€2,691
up €2,691 (+723.9%), from €372 to €3,063
- Financial charges +€789
up €789 (+920.7%), from €86 to €875
- Financial income -€298
no longer reported in 2025 (was €298)
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 | €40,570 | €44,846 | +€4,276 | +10.5% |
| Fixed assets | 21/28 | €26,675 | €16,212 | -€10,463 | -39.2% |
| Tangible fixed assets | 22/27 | €26,675 | €16,212 | -€10,463 | -39.2% |
| Plant, machinery and equipment | 23 | €1,061 | €628 | -€433 | -40.8% |
| Furniture and vehicles | 24 | €25,613 | €15,584 | -€10,030 | -39.2% |
| Current assets | 29/58 | €13,895 | €28,634 | +€14,739 | +106.1% |
| Cash at bank and in hand | 54/58 | €7,474 | €18,340 | +€10,866 | +145.4% |
| Deferred charges and accrued income | 490/1 | €6,421 | €10,294 | +€3,873 | +60.3% |
| Total equity and liabilities | 10/49 | €40,570 | €44,846 | +€4,276 | +10.5% |
| Equity | 10/15 | €21,923 | €28,882 | +€6,959 | +31.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,423 | €26,382 | +€6,959 | +35.8% |
| Amounts payable | 17/49 | €18,647 | €15,965 | -€2,682 | -14.4% |
| Amounts payable within one year | 42/48 | €18,647 | €15,135 | -€3,512 | -18.8% |
| Trade debts | 44 | €1,083 | €1,284 | +€201 | +18.6% |
| Suppliers | 440/4 | €1,083 | €1,284 | +€201 | +18.6% |
| Taxes, remuneration and social security | 45 | €7,320 | €63 | -€7,257 | -99.1% |
| Taxes | 450/3 | €7,320 | €63 | -€7,257 | -99.1% |
| Other amounts payable | 47/48 | €10,244 | €13,787 | +€3,543 | +34.6% |
| Accrued charges and deferred income | 492/3 | - | €830 | +€830 | |
| Non-recurring operating income | 76A | €163 | - | -€163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,814 | €10,463 | +€4,648 | +80.0% |
| Other operating charges | 640/8 | €91 | €127 | +€36 | +39.7% |
| Non-recurring operating charges | 66A | €157 | - | -€157 | |
| Gross operating margin | 9900 | €7,065 | €22,320 | +€15,255 | +215.9% |
| Operating profit (loss) | 9901 | €1,002 | €11,730 | +€10,728 | +1070.4% |
| Financial income | 75/76B | €298 | - | -€298 | |
| Recurring financial income | 75 | €298 | - | -€298 | |
| Financial charges | 65/66B | €86 | €875 | +€789 | +920.7% |
| Recurring financial charges | 65 | €86 | €875 | +€789 | +920.7% |
| Profit (loss) for the period before taxes | 9903 | €1,214 | €10,855 | +€9,641 | +793.9% |
| Income taxes | 67/77 | €372 | €3,063 | +€2,691 | +723.9% |
| Profit (loss) for the period | 9904 | €843 | €7,792 | +€6,949 | +824.8% |
| Profit (loss) for the period to be appropriated | 9905 | €843 | €7,792 | +€6,949 | +824.8% |
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 1 October 2026 via checked.be.