MTL Innovations: 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 Innovations
Largest movements
- Receivables after one year -€13,935
down €13,935 (-15.4%), from €90,639 to €76,704
- Receivables within one year +€11,910
up €11,910 (+45.9%), from €25,958 to €37,868
- Cash -€2,750
no longer reported in 2024 (was €2,750)
mainly Receivables within one year (-€11,910) and Current portion of long-term debt (-€5,660)
- Current portion of long-term debt -€5,660
down €5,660 (-67.0%), from €8,444 to €2,784
- Trade debts +€3,194
up €3,194 (+13.3%), from €24,094 to €27,288
- Debts after one year -€2,407
no longer reported in 2024 (was €2,407)
- Tax, wage and social debts -€2,372
down €2,372 (-13.8%), from €17,225 to €14,853
- Profit (loss) carried forward +€2,164
up €2,164 (+4.7%), from €45,581 to €47,745
- Financial charges -€2,435
down €2,435 (-35.8%), from €6,796 to €4,361
- Gross operating margin +€1,433
up €1,433 (+45.0%), from €3,183 to €4,616
- Other operating charges -€77
down €77 (-14.2%), from €540 to €463
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 | €119,448 | €114,672 | -€4,776 | -4.0% |
| Current assets | 29/58 | €119,448 | €114,672 | -€4,776 | -4.0% |
| Amounts receivable after more than one year | 29 | €90,639 | €76,704 | -€13,935 | -15.4% |
| Other amounts receivable | 291 | €90,639 | €76,704 | -€13,935 | -15.4% |
| Amounts receivable within one year | 40/41 | €25,958 | €37,868 | +€11,910 | +45.9% |
| Trade receivables | 40 | €25,958 | €37,868 | +€11,910 | +45.9% |
| Cash at bank and in hand | 54/58 | €2,750 | - | -€2,750 | |
| Deferred charges and accrued income | 490/1 | €100 | €100 | = | 0.0% |
| Total equity and liabilities | 10/49 | €119,448 | €114,672 | -€4,776 | -4.0% |
| Equity | 10/15 | €59,841 | €62,005 | +€2,164 | +3.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,581 | €47,745 | +€2,164 | +4.7% |
| Amounts payable | 17/49 | €59,606 | €52,667 | -€6,939 | -11.6% |
| Amounts payable after more than one year | 17 | €2,407 | - | -€2,407 | |
| Financial debts | 170/4 | €2,407 | - | -€2,407 | |
| Amounts payable within one year | 42/48 | €57,199 | €52,280 | -€4,919 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €8,444 | €2,784 | -€5,660 | -67.0% |
| Financial debts | 43 | €7,437 | €7,355 | -€82 | -1.1% |
| Credit institutions | 430/8 | €7,437 | €7,355 | -€82 | -1.1% |
| Trade debts | 44 | €24,094 | €27,288 | +€3,194 | +13.3% |
| Suppliers | 440/4 | €24,094 | €27,288 | +€3,194 | +13.3% |
| Taxes, remuneration and social security | 45 | €17,225 | €14,853 | -€2,372 | -13.8% |
| Taxes | 450/3 | €17,225 | €14,853 | -€2,372 | -13.8% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Other operating charges | 640/8 | €540 | €463 | -€77 | -14.2% |
| Gross operating margin | 9900 | €3,183 | €4,616 | +€1,433 | +45.0% |
| Operating profit (loss) | 9901 | €2,643 | €4,152 | +€1,509 | +57.1% |
| Financial income | 75/76B | €2,333 | €2,372 | +€39 | +1.7% |
| Recurring financial income | 75 | €2,333 | €2,372 | +€39 | +1.7% |
| Financial charges | 65/66B | €6,796 | €4,361 | -€2,435 | -35.8% |
| Recurring financial charges | 65 | €6,796 | €4,361 | -€2,435 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,820 | €2,164 | +€3,984 | |
| Profit (loss) for the period | 9904 | -€1,820 | €2,164 | +€3,984 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,820 | €2,164 | +€3,984 |
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 14 October 2026 via checked.be.