MTINVEST: 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.
MTINVEST
Largest movements
- Cash +€77,716
up €77,716 (+131%), from €59,137 to €136,853
mainly Net result for the year (+€74,684) and Short-term financial debts (+€7,550)
- Receivables within one year +€5,303
up €5,303 (+22.8%), from €23,285 to €28,587
of which Other amounts receivable: +€28,538
- Tangible fixed assets -€4,363
down €4,363 (-5.2%), from €84,670 to €80,306
of which Land and buildings: -€4,363
- Profit (loss) carried forward +€74,684
up €74,684 (+118%), from €63,454 to €138,139
- Short-term financial debts +€7,550
new in 2025: €7,550
- Other debts -€4,793
down €4,793 (-100%), from €4,793 to €0
- Tax, wage and social debts +€4,792
up €4,792 (+57.9%), from €8,271 to €13,063
of which Taxes: +€4,792
- Debts after one year -€3,042
down €3,042 (-3.7%), from €82,665 to €79,623
- Gross operating margin +€85,952
up €85,952 (+695%), from €12,362 to €98,314
- Taxes +€15,358
up €15,358 (+9,151%), from €168 to €15,526
- Other operating charges -€10,834
down €10,834 (-90.8%), from €11,926 to €1,091
- Depreciation -€1,358
down €1,358 (-23.7%), from €5,722 to €4,363
- Financial charges +€1,050
up €1,050 (+37.8%), from €2,778 to €3,828
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.
Derived cash bridge
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 | €167,092 | €245,746 | +€78,655 | +47.1% |
| Fixed assets | 21/28 | €84,670 | €80,306 | -€4,363 | -5.2% |
| Tangible fixed assets | 22/27 | €84,670 | €80,306 | -€4,363 | -5.2% |
| Land and buildings | 22 | €84,670 | €80,306 | -€4,363 | -5.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €82,422 | €165,440 | +€83,018 | +101% |
| Amounts receivable within one year | 40/41 | €23,285 | €28,587 | +€5,303 | +22.8% |
| Trade receivables | 40 | €23,235 | €0 | -€23,235 | -100% |
| Other amounts receivable | 41 | €49 | €28,587 | +€28,538 | +57,722% |
| Cash at bank and in hand | 54/58 | €59,137 | €136,853 | +€77,716 | +131% |
| Total equity and liabilities | 10/49 | €167,092 | €245,746 | +€78,655 | +47.1% |
| Equity | 10/15 | €64,454 | €139,139 | +€74,684 | +116% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,454 | €138,139 | +€74,684 | +118% |
| Amounts payable | 17/49 | €102,637 | €106,608 | +€3,970 | +3.9% |
| Amounts payable after more than one year | 17 | €82,665 | €79,623 | -€3,042 | -3.7% |
| Financial debts | 170/4 | €82,665 | €79,623 | -€3,042 | -3.7% |
| Amounts payable within one year | 42/48 | €19,972 | €26,984 | +€7,013 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €2,919 | €3,042 | +€123 | +4.2% |
| Financial debts | 43 | - | €7,550 | +€7,550 | |
| Credit institutions | 430/8 | - | €7,550 | +€7,550 | |
| Trade debts | 44 | €3,989 | €3,330 | -€659 | -16.5% |
| Suppliers | 440/4 | €3,989 | €3,330 | -€659 | -16.5% |
| Taxes, remuneration and social security | 45 | €8,271 | €13,063 | +€4,792 | +57.9% |
| Taxes | 450/3 | €8,271 | €13,063 | +€4,792 | +57.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,793 | €0 | -€4,793 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,722 | €4,363 | -€1,358 | -23.7% |
| Other operating charges | 640/8 | €11,926 | €1,091 | -€10,834 | -90.8% |
| Gross operating margin | 9900 | €12,362 | €98,314 | +€85,952 | +695% |
| Operating profit (loss) | 9901 | -€5,285 | €92,859 | +€98,144 | |
| Financial income | 75/76B | €468 | €1,179 | +€711 | +152% |
| Recurring financial income | 75 | €468 | €1,179 | +€711 | +152% |
| Financial charges | 65/66B | €2,778 | €3,828 | +€1,050 | +37.8% |
| Recurring financial charges | 65 | €2,778 | €3,828 | +€1,050 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,595 | €90,210 | +€97,805 | |
| Income taxes | 67/77 | €168 | €15,526 | +€15,358 | +9,151% |
| Profit (loss) for the period | 9904 | -€7,763 | €74,684 | +€82,447 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,763 | €74,684 | +€82,447 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.