MTM MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€151,795
up €151,795 (+85.6%), from €177,260 to €329,055
mainly Net result for the year (+€342,957) and Tax, wage and social debts (+€7,939)
- Receivables within one year +€4,765
up €4,765 (+9.5%), from €50,135 to €54,900
of which Trade receivables: +€7,377
- Reserves +€142,957
up €142,957 (+71.1%), from €201,201 to €344,159
- Tax, wage and social debts +€7,939
up €7,939 (+38.8%), from €20,485 to €28,424
- Other debts +€7,845
up €7,845 (+594%), from €1,322 to €9,167
- Gross operating margin +€189,566
up €189,566 (+71.7%), from €264,314 to €453,880
- Taxes +€48,082
up €48,082 (+77.9%), from €61,739 to €109,821
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 | €228,624 | €386,704 | +€158,080 | +69.1% |
| Current assets | 29/58 | €228,624 | €386,704 | +€158,080 | +69.1% |
| Amounts receivable within one year | 40/41 | €50,135 | €54,900 | +€4,765 | +9.5% |
| Trade receivables | 40 | €47,522 | €54,900 | +€7,377 | +15.5% |
| Other amounts receivable | 41 | €2,612 | - | -€2,612 | |
| Cash at bank and in hand | 54/58 | €177,260 | €329,055 | +€151,795 | +85.6% |
| Deferred charges and accrued income | 490/1 | €1,229 | €2,749 | +€1,521 | +124% |
| Total equity and liabilities | 10/49 | €228,624 | €386,704 | +€158,080 | +69.1% |
| Equity | 10/15 | €204,801 | €347,759 | +€142,957 | +69.8% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €201,201 | €344,159 | +€142,957 | +71.1% |
| Distributable reserves | 133 | €201,201 | €344,159 | +€142,957 | +71.1% |
| Amounts payable | 17/49 | €23,822 | €38,945 | +€15,122 | +63.5% |
| Amounts payable within one year | 42/48 | €23,822 | €38,945 | +€15,122 | +63.5% |
| Trade debts | 44 | €2,015 | €1,353 | -€662 | -32.9% |
| Suppliers | 440/4 | €2,015 | €1,353 | -€662 | -32.9% |
| Taxes, remuneration and social security | 45 | €20,485 | €28,424 | +€7,939 | +38.8% |
| Taxes | 450/3 | €20,485 | €28,424 | +€7,939 | +38.8% |
| Other amounts payable | 47/48 | €1,322 | €9,167 | +€7,845 | +594% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €642 | - | -€642 | |
| Other operating charges | 640/8 | €505 | €862 | +€357 | +70.6% |
| Gross operating margin | 9900 | €264,314 | €453,880 | +€189,566 | +71.7% |
| Operating profit (loss) | 9901 | €263,167 | €453,018 | +€189,851 | +72.1% |
| Financial income | 75/76B | €78 | €963 | +€885 | +1,128% |
| Recurring financial income | 75 | €78 | €963 | +€885 | +1,128% |
| Financial charges | 65/66B | €305 | €1,202 | +€897 | +294% |
| Recurring financial charges | 65 | €305 | €1,202 | +€897 | +294% |
| Profit (loss) for the period before taxes | 9903 | €262,941 | €452,779 | +€189,838 | +72.2% |
| Income taxes | 67/77 | €61,739 | €109,821 | +€48,082 | +77.9% |
| Profit (loss) for the period | 9904 | €201,201 | €342,957 | +€141,756 | +70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €201,201 | €342,957 | +€141,756 | +70.5% |
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 14 October 2026 via checked.be.