MTK 15: 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.
MTK 15
Largest movements
- Cash +€86,121
up €86,121 (+44.2%), from €194,804 to €280,925
mainly Net result for the year (+€199,046) and Other debts (+€64,286)
- Receivables within one year +€43,518
up €43,518 (+37.8%), from €115,125 to €158,643
of which Other amounts receivable: +€49,038
- Tangible fixed assets -€11,816
down €11,816 (-15.1%), from €78,434 to €66,618
of which Furniture and vehicles: -€16,512
- Other debts +€64,286
up €64,286 (+75.0%), from €85,714 to €150,000
- Profit (loss) carried forward +€29,046
up €29,046 (+29.3%), from €99,034 to €128,080
- Reserves +€20,000
up €20,000 (+29.9%), from €66,860 to €86,860
of which Distributable reserves: +€20,000
- Debts after one year -€12,541
down €12,541 (-24.6%), from €51,005 to €38,464
- Tax, wage and social debts +€10,451
up €10,451 (+15.8%), from €66,211 to €76,662
of which Taxes: +€11,451
- Gross operating margin +€23,010
up €23,010 (+5.9%), from €393,014 to €416,024
- Depreciation +€14,186
up €14,186 (+153.7%), from €9,230 to €23,416
- Staff costs -€8,518
down €8,518 (-6.4%), from €132,371 to €123,853
- Taxes +€5,290
up €5,290 (+8.1%), from €65,211 to €70,501
- Financial income +€4,809
up €4,809 (+177.2%), from €2,715 to €7,524
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 | €400,895 | €515,369 | +€114,474 | +28.6% |
| Fixed assets | 21/28 | €82,934 | €71,118 | -€11,816 | -14.2% |
| Tangible fixed assets | 22/27 | €78,434 | €66,618 | -€11,816 | -15.1% |
| Plant, machinery and equipment | 23 | €152 | - | -€152 | |
| Furniture and vehicles | 24 | €77,077 | €60,564 | -€16,512 | -21.4% |
| Leasing and similar rights | 25 | - | €6,054 | +€6,054 | |
| Other tangible fixed assets | 26 | €1,206 | - | -€1,206 | |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €317,961 | €444,251 | +€126,290 | +39.7% |
| Stocks and contracts in progress | 3 | €5,800 | €3,031 | -€2,769 | -47.7% |
| Stocks | 30/36 | €5,800 | €3,031 | -€2,769 | -47.7% |
| Amounts receivable within one year | 40/41 | €115,125 | €158,643 | +€43,518 | +37.8% |
| Trade receivables | 40 | €11,925 | €6,404 | -€5,520 | -46.3% |
| Other amounts receivable | 41 | €103,201 | €152,238 | +€49,038 | +47.5% |
| Cash at bank and in hand | 54/58 | €194,804 | €280,925 | +€86,121 | +44.2% |
| Deferred charges and accrued income | 490/1 | €2,233 | €1,652 | -€580 | -26.0% |
| Total equity and liabilities | 10/49 | €400,895 | €515,369 | +€114,474 | +28.6% |
| Equity | 10/15 | €184,494 | €233,540 | +€49,046 | +26.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,860 | €86,860 | +€20,000 | +29.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €85,000 | +€20,000 | +30.8% |
| Profit (loss) carried forward | 14 | €99,034 | €128,080 | +€29,046 | +29.3% |
| Amounts payable | 17/49 | €216,401 | €281,829 | +€65,428 | +30.2% |
| Amounts payable after more than one year | 17 | €51,005 | €38,464 | -€12,541 | -24.6% |
| Financial debts | 170/4 | €51,005 | €38,464 | -€12,541 | -24.6% |
| Amounts payable within one year | 42/48 | €165,396 | €243,365 | +€77,969 | +47.1% |
| Current portion of amounts payable after more than one year | 42 | €12,036 | €12,541 | +€505 | +4.2% |
| Trade debts | 44 | €1,434 | €4,162 | +€2,728 | +190.3% |
| Suppliers | 440/4 | €1,434 | €4,162 | +€2,728 | +190.3% |
| Taxes, remuneration and social security | 45 | €66,211 | €76,662 | +€10,451 | +15.8% |
| Taxes | 450/3 | €65,211 | €76,662 | +€11,451 | +17.6% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €85,714 | €150,000 | +€64,286 | +75.0% |
| Remuneration, social security and pensions | 62 | €132,371 | €123,853 | -€8,518 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,230 | €23,416 | +€14,186 | +153.7% |
| Other operating charges | 640/8 | €7,438 | €3,708 | -€3,730 | -50.1% |
| Gross operating margin | 9900 | €393,014 | €416,024 | +€23,010 | +5.9% |
| Operating profit (loss) | 9901 | €243,975 | €265,047 | +€21,072 | +8.6% |
| Financial income | 75/76B | €2,715 | €7,524 | +€4,809 | +177.2% |
| Recurring financial income | 75 | €2,715 | €7,524 | +€4,809 | +177.2% |
| Financial charges | 65/66B | €1,466 | €3,024 | +€1,558 | +106.3% |
| Recurring financial charges | 65 | €1,466 | €3,024 | +€1,558 | +106.3% |
| Profit (loss) for the period before taxes | 9903 | €245,224 | €269,547 | +€24,323 | +9.9% |
| Income taxes | 67/77 | €65,211 | €70,501 | +€5,290 | +8.1% |
| Profit (loss) for the period | 9904 | €180,013 | €199,046 | +€19,033 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €180,013 | €199,046 | +€19,033 | +10.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.