MTL GROUP: 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.
MTL GROUP
Largest movements
- Cash +€48,540
new in 2025: €48,540
mainly Net result for the year (+€34,134) and Trade debts (+€28,267)
- Receivables within one year +€35,606
new in 2025: €35,606
- Profit (loss) carried forward +€34,134
up €34,134, from -€17,676 to €16,459
- Trade debts +€28,267
new in 2025: €28,267
- Tax, wage and social debts +€23,077
up €23,077 (+425.9%), from €5,418 to €28,495
- Other debts -€1,148
down €1,148 (-12.7%), from €9,073 to €7,925
- Gross operating margin +€46,514
up €46,514, from -€2,720 to €43,794
- Taxes +€7,811
new in 2025: €7,811
- Other operating charges +€1,824
new in 2025: €1,824
- Depreciation -€836
down €836 (-100.0%), from €836 to €0
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 | €0 | €84,146 | +€84,146 | |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | - | €84,146 | +€84,146 | |
| Amounts receivable within one year | 40/41 | - | €35,606 | +€35,606 | |
| Trade receivables | 40 | - | €35,606 | +€35,606 | |
| Cash at bank and in hand | 54/58 | - | €48,540 | +€48,540 | |
| Total equity and liabilities | 10/49 | €0 | €84,146 | +€84,146 | |
| Equity | 10/15 | -€14,676 | €19,459 | +€34,134 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,676 | €16,459 | +€34,134 | |
| Amounts payable | 17/49 | €14,676 | €64,687 | +€50,012 | +340.8% |
| Amounts payable within one year | 42/48 | €14,676 | €64,687 | +€50,012 | +340.8% |
| Current portion of amounts payable after more than one year | 42 | €184 | €0 | -€184 | -100.0% |
| Trade debts | 44 | - | €28,267 | +€28,267 | |
| Suppliers | 440/4 | - | €28,267 | +€28,267 | |
| Taxes, remuneration and social security | 45 | €5,418 | €28,495 | +€23,077 | +425.9% |
| Taxes | 450/3 | €5,418 | €28,495 | +€23,077 | +425.9% |
| Other amounts payable | 47/48 | €9,073 | €7,925 | -€1,148 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €836 | €0 | -€836 | -100.0% |
| Other operating charges | 640/8 | - | €1,824 | +€1,824 | |
| Gross operating margin | 9900 | -€2,720 | €43,794 | +€46,514 | |
| Operating profit (loss) | 9901 | -€3,555 | €41,970 | +€45,525 | |
| Financial income | 75/76B | €0 | €16 | +€16 | |
| Recurring financial income | 75 | €0 | €16 | +€16 | |
| Financial charges | 65/66B | €184 | €40 | -€144 | -78.2% |
| Recurring financial charges | 65 | €184 | €40 | -€144 | -78.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,740 | €41,946 | +€45,685 | |
| Income taxes | 67/77 | - | €7,811 | +€7,811 | |
| Profit (loss) for the period | 9904 | -€3,740 | €34,134 | +€37,874 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,740 | €34,134 | +€37,874 |
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 3 October 2026 via checked.be.