MTK INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Cash +€16,977
up €16,977 (+370%), from €4,583 to €21,560
mainly Net result for the year (+€21,825) and Depreciation (+€7,673)
- Receivables within one year +€11,539
up €11,539 (+5,987%), from €193 to €11,732
of which Other amounts receivable: +€11,653
- Financial fixed assets +€6,900
new in 2024: €6,900
- Tangible fixed assets -€2,533
down €2,533 (-10.6%), from €23,840 to €21,307
- Profit (loss) carried forward +€21,825
up €21,825, from -€7,229 to €14,597
- Other debts +€7,365
up €7,365 (+33.1%), from €22,260 to €29,626
- Tax, wage and social debts +€7,363
new in 2024: €7,363
of which Remuneration and social security: +€3,714
- Trade debts -€3,670
down €3,670 (-34.7%), from €10,584 to €6,913
- Gross operating margin +€43,370
up €43,370, from -€927 to €42,443
- Staff costs +€8,646
new in 2024: €8,646
- Taxes +€3,649
new in 2024: €3,649
- Depreciation +€1,713
up €1,713 (+28.7%), from €5,960 to €7,673
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 | €28,615 | €61,498 | +€32,883 | +115% |
| Fixed assets | 21/28 | €23,840 | €28,207 | +€4,367 | +18.3% |
| Tangible fixed assets | 22/27 | €23,840 | €21,307 | -€2,533 | -10.6% |
| Furniture and vehicles | 24 | €23,840 | €21,307 | -€2,533 | -10.6% |
| Financial fixed assets | 28 | - | €6,900 | +€6,900 | |
| Current assets | 29/58 | €4,775 | €33,292 | +€28,516 | +597% |
| Amounts receivable within one year | 40/41 | €193 | €11,732 | +€11,539 | +5,987% |
| Trade receivables | 40 | €114 | - | -€114 | |
| Other amounts receivable | 41 | €78 | €11,732 | +€11,653 | +14,875% |
| Cash at bank and in hand | 54/58 | €4,583 | €21,560 | +€16,977 | +370% |
| Total equity and liabilities | 10/49 | €28,615 | €61,498 | +€32,883 | +115% |
| Equity | 10/15 | -€4,229 | €17,597 | +€21,825 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,229 | €14,597 | +€21,825 | |
| Amounts payable | 17/49 | €32,844 | €43,902 | +€11,058 | +33.7% |
| Amounts payable within one year | 42/48 | €32,844 | €43,902 | +€11,058 | +33.7% |
| Trade debts | 44 | €10,584 | €6,913 | -€3,670 | -34.7% |
| Suppliers | 440/4 | €10,584 | €6,913 | -€3,670 | -34.7% |
| Taxes, remuneration and social security | 45 | - | €7,363 | +€7,363 | |
| Taxes | 450/3 | - | €3,649 | +€3,649 | |
| Remuneration and social security | 454/9 | - | €3,714 | +€3,714 | |
| Other amounts payable | 47/48 | €22,260 | €29,626 | +€7,365 | +33.1% |
| Remuneration, social security and pensions | 62 | - | €8,646 | +€8,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,960 | €7,673 | +€1,713 | +28.7% |
| Other operating charges | 640/8 | €246 | €626 | +€380 | +155% |
| Gross operating margin | 9900 | -€927 | €42,443 | +€43,370 | |
| Operating profit (loss) | 9901 | -€7,133 | €25,498 | +€32,630 | |
| Financial charges | 65/66B | €96 | €23 | -€73 | -75.8% |
| Recurring financial charges | 65 | €96 | €23 | -€73 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,229 | €25,474 | +€32,703 | |
| Income taxes | 67/77 | - | €3,649 | +€3,649 | |
| Profit (loss) for the period | 9904 | -€7,229 | €21,825 | +€29,054 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,229 | €21,825 | +€29,054 |
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 26 October 2026 via checked.be.