MTL Technics: what changed
MTL Technics
Largest movements
- Stocks and contracts +€26,742
up €26,742 (+97.0%), from €27,580 to €54,321
- Cash +€20,946
up €20,946 (+47.9%), from €43,741 to €64,687
mainly Trade debts (+€26,882) and Depreciation (+€21,245)
- Tangible fixed assets -€14,596
down €14,596 (-36.5%), from €40,008 to €25,412
of which Leasing and similar rights: -€14,501
- Receivables within one year -€9,629
down €9,629 (-14.8%), from €65,253 to €55,624
of which Trade receivables: -€21,362
- Intangible fixed assets -€5,000
down €5,000 (-33.7%), from €14,857 to €9,857
- Trade debts +€26,882
up €26,882 (+117%), from €22,994 to €49,876
- Debts after one year -€8,056
down €8,056 (-61.0%), from €13,216 to €5,160
- Reserves +€7,527
up €7,527 (+6.4%), from €117,040 to €124,566
of which Distributable reserves: +€7,527
- Current portion of long-term debt -€5,296
down €5,296 (-39.4%), from €13,425 to €8,129
- Other debts -€4,061
down €4,061 (-100%), from €4,061 to €0
- Gross operating margin -€42,721
down €42,721 (-18.4%), from €232,631 to €189,910
- Write-downs -€16,879
down €16,879, from €16,739 to -€141
- Taxes -€7,710
down €7,710 (-60.8%), from €12,678 to €4,968
- Staff costs +€6,453
up €6,453 (+4.4%), from €146,572 to €153,025
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €200,253 | €220,614 | +€20,361 | +10.2% |
| Fixed assets | 21/28 | €56,245 | €36,650 | -€19,596 | -34.8% |
| Intangible fixed assets | 21 | €14,857 | €9,857 | -€5,000 | -33.7% |
| Tangible fixed assets | 22/27 | €40,008 | €25,412 | -€14,596 | -36.5% |
| Furniture and vehicles | 24 | €10,885 | €10,790 | -€94 | -0.9% |
| Leasing and similar rights | 25 | €29,123 | €14,622 | -€14,501 | -49.8% |
| Financial fixed assets | 28 | €1,380 | €1,380 | = | 0.0% |
| Current assets | 29/58 | €144,008 | €183,965 | +€39,957 | +27.7% |
| Stocks and contracts in progress | 3 | €27,580 | €54,321 | +€26,742 | +97.0% |
| Stocks | 30/36 | €27,580 | €54,321 | +€26,742 | +97.0% |
| Amounts receivable within one year | 40/41 | €65,253 | €55,624 | -€9,629 | -14.8% |
| Trade receivables | 40 | €42,786 | €21,424 | -€21,362 | -49.9% |
| Other amounts receivable | 41 | €22,467 | €34,200 | +€11,733 | +52.2% |
| Cash at bank and in hand | 54/58 | €43,741 | €64,687 | +€20,946 | +47.9% |
| Deferred charges and accrued income | 490/1 | €7,435 | €9,332 | +€1,897 | +25.5% |
| Total equity and liabilities | 10/49 | €200,253 | €220,614 | +€20,361 | +10.2% |
| Equity | 10/15 | €123,240 | €130,766 | +€7,527 | +6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €117,040 | €124,566 | +€7,527 | +6.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €117,040 | €124,566 | +€7,527 | +6.4% |
| Amounts payable | 17/49 | €77,014 | €89,848 | +€12,835 | +16.7% |
| Amounts payable after more than one year | 17 | €13,216 | €5,160 | -€8,056 | -61.0% |
| Financial debts | 170/4 | €13,216 | €5,160 | -€8,056 | -61.0% |
| Amounts payable within one year | 42/48 | €57,377 | €78,289 | +€20,912 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €13,425 | €8,129 | -€5,296 | -39.4% |
| Trade debts | 44 | €22,994 | €49,876 | +€26,882 | +117% |
| Suppliers | 440/4 | €22,994 | €49,876 | +€26,882 | +117% |
| Taxes, remuneration and social security | 45 | €16,897 | €20,283 | +€3,386 | +20.0% |
| Taxes | 450/3 | €8,821 | €6,758 | -€2,063 | -23.4% |
| Remuneration and social security | 454/9 | €8,076 | €13,525 | +€5,449 | +67.5% |
| Other amounts payable | 47/48 | €4,061 | €0 | -€4,061 | -100% |
| Accrued charges and deferred income | 492/3 | €6,421 | €6,399 | -€22 | -0.3% |
| Remuneration, social security and pensions | 62 | €146,572 | €153,025 | +€6,453 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,118 | €21,245 | +€1,127 | +5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,739 | -€141 | -€16,879 | |
| Other operating charges | 640/8 | €1,833 | €2,330 | +€497 | +27.1% |
| Gross operating margin | 9900 | €232,631 | €189,910 | -€42,721 | -18.4% |
| Operating profit (loss) | 9901 | €47,369 | €13,450 | -€33,919 | -71.6% |
| Financial income | 75/76B | €3 | €1,413 | +€1,410 | +56,406% |
| Recurring financial income | 75 | €3 | €1,413 | +€1,410 | +56,406% |
| Financial charges | 65/66B | €4,168 | €2,369 | -€1,800 | -43.2% |
| Recurring financial charges | 65 | €4,168 | €2,369 | -€1,800 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €43,203 | €12,494 | -€30,709 | -71.1% |
| Income taxes | 67/77 | €12,678 | €4,968 | -€7,710 | -60.8% |
| Profit (loss) for the period | 9904 | €30,525 | €7,527 | -€22,999 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,525 | €7,527 | -€22,999 | -75.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.