MTM EUROPE: 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 EUROPE
Largest movements
- Receivables within one year +€90,508
up €90,508 (+124%), from €73,061 to €163,569
of which Trade receivables: +€89,920
- Cash -€18,357
down €18,357 (-55.7%), from €32,962 to €14,604
mainly Receivables within one year (-€90,508) and Tax, wage and social debts (-€499)
- Trade debts +€63,008
up €63,008 (+112%), from €56,391 to €119,399
- Advances received +€8,970
new in 2025: €8,970
- Turnover -€354,618
no longer reported in 2025 (was €354,618)
- Purchases and services -€334,285
no longer reported in 2025 (was €334,285)
- Gross operating margin -€18,126
down €18,126 (-89.1%), from €20,333 to €2,206
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 | €106,078 | €178,227 | +€72,148 | +68.0% |
| Current assets | 29/58 | €106,078 | €178,227 | +€72,148 | +68.0% |
| Amounts receivable within one year | 40/41 | €73,061 | €163,569 | +€90,508 | +124% |
| Trade receivables | 40 | €70,909 | €160,829 | +€89,920 | +127% |
| Other amounts receivable | 41 | €2,152 | €2,740 | +€588 | +27.3% |
| Cash at bank and in hand | 54/58 | €32,962 | €14,604 | -€18,357 | -55.7% |
| Deferred charges and accrued income | 490/1 | €55 | €53 | -€2 | -4.3% |
| Total equity and liabilities | 10/49 | €106,078 | €178,227 | +€72,148 | +68.0% |
| Equity | 10/15 | €11,891 | €11,945 | +€54 | +0.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,891 | €6,945 | +€54 | +0.8% |
| Amounts payable | 17/49 | €94,188 | €166,282 | +€72,094 | +76.5% |
| Amounts payable after more than one year | 17 | €34,313 | €34,313 | = | 0.0% |
| Financial debts | 170/4 | €34,313 | €34,313 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,875 | €131,970 | +€72,094 | +120% |
| Trade debts | 44 | €56,391 | €119,399 | +€63,008 | +112% |
| Suppliers | 440/4 | €56,391 | €119,399 | +€63,008 | +112% |
| Advances received on contracts in progress | 46 | - | €8,970 | +€8,970 | |
| Taxes, remuneration and social security | 45 | €3,484 | €2,985 | -€499 | -14.3% |
| Taxes | 450/3 | €2,869 | €2,985 | +€116 | +4.1% |
| Remuneration and social security | 454/9 | €615 | - | -€615 | |
| Other amounts payable | 47/48 | - | €615 | +€615 | |
| Turnover | 70 | €354,618 | - | -€354,618 | |
| Goods, raw materials, services and sundry goods | 60/61 | €334,285 | - | -€334,285 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255 | - | -€255 | |
| Other operating charges | 640/8 | €755 | €1,068 | +€313 | +41.5% |
| Gross operating margin | 9900 | €20,333 | €2,206 | -€18,126 | -89.1% |
| Operating profit (loss) | 9901 | €19,322 | €1,138 | -€18,184 | -94.1% |
| Financial income | 75/76B | €725 | €0 | -€725 | -100.0% |
| Recurring financial income | 75 | €725 | €0 | -€725 | -100.0% |
| Financial charges | 65/66B | €649 | €845 | +€196 | +30.3% |
| Recurring financial charges | 65 | €649 | €845 | +€196 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €19,398 | €293 | -€19,105 | -98.5% |
| Income taxes | 67/77 | €2,858 | €239 | -€2,618 | -91.6% |
| Profit (loss) for the period | 9904 | €16,541 | €54 | -€16,487 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,541 | €54 | -€16,487 | -99.7% |
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 23 October 2026 via checked.be.