MTM & Co: 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.
MTM & Co
Largest movements
- Cash +€7,746
up €7,746 (+38.5%), from €20,117 to €27,863
mainly Tax, wage and social debts (+€4,926) and Other debts (+€4,894)
- Receivables within one year +€670
up €670 (+4.6%), from €14,554 to €15,225
of which Trade receivables: +€7,786
- Tax, wage and social debts +€4,926
up €4,926 (+201%), from €2,445 to €7,371
- Other debts +€4,894
up €4,894 (+73.2%), from €6,688 to €11,582
- Trade debts -€1,679
down €1,679 (-41.5%), from €4,046 to €2,367
- Staff costs +€1,727
up €1,727 (+7.0%), from €24,665 to €26,392
- Taxes +€1,254
new in 2025: €1,254
- Other operating charges -€982
down €982 (-20.6%), from €4,758 to €3,776
- Depreciation +€925
up €925 (+102%), from €907 to €1,832
- Gross operating margin +€607
up €607 (+1.6%), from €37,753 to €38,361
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.
Derived cash bridge
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 | €43,576 | €51,773 | +€8,197 | +18.8% |
| Fixed assets | 21/28 | €3,706 | €3,803 | +€97 | +2.6% |
| Tangible fixed assets | 22/27 | €3,456 | €3,553 | +€97 | +2.8% |
| Plant, machinery and equipment | 23 | €2,481 | €3,553 | +€1,072 | +43.2% |
| Other tangible fixed assets | 26 | €975 | - | -€975 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €39,871 | €47,970 | +€8,099 | +20.3% |
| Stocks and contracts in progress | 3 | €5,199 | €4,883 | -€317 | -6.1% |
| Stocks | 30/36 | €5,199 | €4,883 | -€317 | -6.1% |
| Amounts receivable within one year | 40/41 | €14,554 | €15,225 | +€670 | +4.6% |
| Trade receivables | 40 | €7,213 | €14,999 | +€7,786 | +108% |
| Other amounts receivable | 41 | €7,341 | €226 | -€7,116 | -96.9% |
| Cash at bank and in hand | 54/58 | €20,117 | €27,863 | +€7,746 | +38.5% |
| Total equity and liabilities | 10/49 | €43,576 | €51,773 | +€8,197 | +18.8% |
| Equity | 10/15 | €30,397 | €30,454 | +€56 | +0.2% |
| Contributions | 10/11 | €18,711 | €18,711 | = | 0.0% |
| Reserves | 13 | €1,871 | €1,871 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,871 | €1,871 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,871 | €1,871 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,815 | €9,872 | +€56 | +0.6% |
| Amounts payable | 17/49 | €13,179 | €21,319 | +€8,140 | +61.8% |
| Amounts payable within one year | 42/48 | €13,179 | €21,319 | +€8,140 | +61.8% |
| Trade debts | 44 | €4,046 | €2,367 | -€1,679 | -41.5% |
| Suppliers | 440/4 | €4,046 | €2,367 | -€1,679 | -41.5% |
| Taxes, remuneration and social security | 45 | €2,445 | €7,371 | +€4,926 | +201% |
| Taxes | 450/3 | €2,445 | €7,371 | +€4,926 | +201% |
| Other amounts payable | 47/48 | €6,688 | €11,582 | +€4,894 | +73.2% |
| Remuneration, social security and pensions | 62 | €24,665 | €26,392 | +€1,727 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €907 | €1,832 | +€925 | +102% |
| Other operating charges | 640/8 | €4,758 | €3,776 | -€982 | -20.6% |
| Gross operating margin | 9900 | €37,753 | €38,361 | +€607 | +1.6% |
| Operating profit (loss) | 9901 | €7,423 | €6,361 | -€1,063 | -14.3% |
| Financial income | 75/76B | €48 | €99 | +€51 | +108% |
| Recurring financial income | 75 | €48 | €99 | +€51 | +108% |
| Financial charges | 65/66B | €799 | €760 | -€40 | -5.0% |
| Recurring financial charges | 65 | €799 | €760 | -€40 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €6,672 | €5,700 | -€972 | -14.6% |
| Income taxes | 67/77 | - | €1,254 | +€1,254 | |
| Profit (loss) for the period | 9904 | €6,672 | €4,447 | -€2,225 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,672 | €4,447 | -€2,225 | -33.4% |
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 25 October 2026 via checked.be.