MTL Construct: 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.
MTL Construct
Largest movements
- Cash -€8,337
down €8,337 (-83.9%), from €9,938 to €1,601
mainly Trade debts (-€4,771) and Current portion of long-term debt (-€4,214)
- Tangible fixed assets -€1,954
down €1,954 (-34.3%), from €5,706 to €3,751
of which Leasing and similar rights: -€4,269
- Receivables within one year +€1,408
up €1,408 (+16.4%), from €8,587 to €9,995
of which Trade receivables: +€2,940
- Trade debts -€4,771
down €4,771 (-53.0%), from €8,999 to €4,228
- Current portion of long-term debt -€4,214
no longer reported in 2025 (was €4,214)
- Profit (loss) carried forward -€2,727
down €2,727 (-57.1%), from €4,776 to €2,049
- Tax, wage and social debts +€2,399
new in 2025: €2,399
- Other debts +€460
new in 2025: €460
- Gross operating margin -€3,159
down €3,159 (-48.3%), from €6,535 to €3,377
- Depreciation -€2,094
down €2,094 (-28.3%), from €7,404 to €5,309
- Financial charges -€360
down €360 (-65.8%), from €547 to €187
- Other operating charges -€113
down €113 (-15.6%), from €725 to €612
- Financial income -€99
down €99 (-95.5%), from €104 to €5
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 | €24,989 | €16,136 | -€8,854 | -35.4% |
| Fixed assets | 21/28 | €5,706 | €3,751 | -€1,954 | -34.3% |
| Tangible fixed assets | 22/27 | €5,706 | €3,751 | -€1,954 | -34.3% |
| Plant, machinery and equipment | 23 | €1,337 | €888 | -€449 | -33.6% |
| Furniture and vehicles | 24 | €100 | €2,863 | +€2,763 | +2764.1% |
| Leasing and similar rights | 25 | €4,269 | - | -€4,269 | |
| Current assets | 29/58 | €19,284 | €12,384 | -€6,899 | -35.8% |
| Amounts receivable within one year | 40/41 | €8,587 | €9,995 | +€1,408 | +16.4% |
| Trade receivables | 40 | €5,760 | €8,700 | +€2,940 | +51.0% |
| Other amounts receivable | 41 | €2,826 | €1,295 | -€1,531 | -54.2% |
| Cash at bank and in hand | 54/58 | €9,938 | €1,601 | -€8,337 | -83.9% |
| Deferred charges and accrued income | 490/1 | €759 | €788 | +€29 | +3.9% |
| Total equity and liabilities | 10/49 | €24,989 | €16,136 | -€8,854 | -35.4% |
| Equity | 10/15 | €11,776 | €9,049 | -€2,727 | -23.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,776 | €2,049 | -€2,727 | -57.1% |
| Amounts payable | 17/49 | €13,214 | €7,087 | -€6,127 | -46.4% |
| Amounts payable within one year | 42/48 | €13,214 | €7,087 | -€6,127 | -46.4% |
| Current portion of amounts payable after more than one year | 42 | €4,214 | - | -€4,214 | |
| Trade debts | 44 | €8,999 | €4,228 | -€4,771 | -53.0% |
| Suppliers | 440/4 | €8,999 | €4,228 | -€4,771 | -53.0% |
| Taxes, remuneration and social security | 45 | - | €2,399 | +€2,399 | |
| Remuneration and social security | 454/9 | - | €2,399 | +€2,399 | |
| Other amounts payable | 47/48 | - | €460 | +€460 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,404 | €5,309 | -€2,094 | -28.3% |
| Other operating charges | 640/8 | €725 | €612 | -€113 | -15.6% |
| Gross operating margin | 9900 | €6,535 | €3,377 | -€3,159 | -48.3% |
| Operating profit (loss) | 9901 | -€1,594 | -€2,545 | -€951 | -59.7% |
| Financial income | 75/76B | €104 | €5 | -€99 | -95.5% |
| Recurring financial income | 75 | €104 | €5 | -€99 | -95.5% |
| Financial charges | 65/66B | €547 | €187 | -€360 | -65.8% |
| Recurring financial charges | 65 | €547 | €187 | -€360 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,037 | -€2,727 | -€690 | -33.9% |
| Income taxes | 67/77 | €10 | - | -€10 | |
| Profit (loss) for the period | 9904 | -€2,047 | -€2,727 | -€680 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,047 | -€2,727 | -€680 | -33.2% |
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 12 October 2026 via checked.be.