MTMS INVEST: 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.
MTMS INVEST
Largest movements
- Receivables within one year +€94,754
up €94,754 (+41.6%), from €227,833 to €322,587
of which Other amounts receivable: +€110,787
- Cash +€43,690
up €43,690 (+182%), from €24,021 to €67,711
mainly Contributions, distributions and other (+€352,500) and Depreciation (+€53,098)
- Tangible fixed assets +€11,317
up €11,317 (+2.1%), from €526,898 to €538,215
of which Land and buildings: +€15,314
- Contributions +€352,500
up €352,500 (+1,896%), from €18,592 to €371,092
- Other debts -€155,177
down €155,177 (-26.3%), from €589,099 to €433,922
- Debts after one year -€25,834
down €25,834 (-8.1%), from €320,348 to €294,514
- Profit (loss) carried forward -€18,357
down €18,357 (-18.7%), from -€98,061 to -€116,418
- Gross operating margin -€57,974
down €57,974 (-58.1%), from €99,730 to €41,756
- Financial income -€9,691
down €9,691 (-69.1%), from €14,027 to €4,336
- Depreciation -€5,009
down €5,009 (-8.6%), from €58,107 to €53,098
- Other operating charges -€3,085
down €3,085 (-63.0%), from €4,893 to €1,808
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 | €869,121 | €1,018,653 | +€149,532 | +17.2% |
| Fixed assets | 21/28 | €615,498 | €626,815 | +€11,317 | +1.8% |
| Tangible fixed assets | 22/27 | €526,898 | €538,215 | +€11,317 | +2.1% |
| Land and buildings | 22 | €514,044 | €529,358 | +€15,314 | +3.0% |
| Plant, machinery and equipment | 23 | €9,954 | €8,669 | -€1,285 | -12.9% |
| Furniture and vehicles | 24 | €2,900 | €188 | -€2,711 | -93.5% |
| Financial fixed assets | 28 | €88,600 | €88,600 | = | 0.0% |
| Current assets | 29/58 | €253,623 | €391,838 | +€138,215 | +54.5% |
| Amounts receivable within one year | 40/41 | €227,833 | €322,587 | +€94,754 | +41.6% |
| Trade receivables | 40 | €16,033 | - | -€16,033 | |
| Other amounts receivable | 41 | €211,800 | €322,587 | +€110,787 | +52.3% |
| Cash at bank and in hand | 54/58 | €24,021 | €67,711 | +€43,690 | +182% |
| Deferred charges and accrued income | 490/1 | €1,770 | €1,541 | -€229 | -12.9% |
| Total equity and liabilities | 10/49 | €869,121 | €1,018,653 | +€149,532 | +17.2% |
| Equity | 10/15 | -€77,610 | €256,533 | +€334,143 | |
| Contributions | 10/11 | €18,592 | €371,092 | +€352,500 | +1,896% |
| Contributions outside capital | 11 | €18,592 | €371,092 | +€352,500 | +1,896% |
| Other | 1109/19 | €18,592 | €371,092 | +€352,500 | +1,896% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,061 | -€116,418 | -€18,357 | -18.7% |
| Amounts payable | 17/49 | €946,731 | €762,120 | -€184,611 | -19.5% |
| Amounts payable after more than one year | 17 | €320,348 | €294,514 | -€25,834 | -8.1% |
| Financial debts | 170/4 | €320,348 | €294,514 | -€25,834 | -8.1% |
| Amounts payable within one year | 42/48 | €626,383 | €461,557 | -€164,826 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €30,239 | €25,834 | -€4,404 | -14.6% |
| Trade debts | 44 | €5,245 | - | -€5,245 | |
| Suppliers | 440/4 | €5,245 | - | -€5,245 | |
| Taxes, remuneration and social security | 45 | €1,800 | €1,800 | = | 0.0% |
| Taxes | 450/3 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €589,099 | €433,922 | -€155,177 | -26.3% |
| Accrued charges and deferred income | 492/3 | - | €6,049 | +€6,049 | |
| Non-recurring operating income | 76A | €650 | - | -€650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,107 | €53,098 | -€5,009 | -8.6% |
| Other operating charges | 640/8 | €4,893 | €1,808 | -€3,085 | -63.0% |
| Gross operating margin | 9900 | €99,730 | €41,756 | -€57,974 | -58.1% |
| Operating profit (loss) | 9901 | €36,730 | -€13,149 | -€49,880 | |
| Financial income | 75/76B | €14,027 | €4,336 | -€9,691 | -69.1% |
| Recurring financial income | 75 | €14,027 | €4,336 | -€9,691 | -69.1% |
| Financial charges | 65/66B | €10,013 | €9,544 | -€469 | -4.7% |
| Recurring financial charges | 65 | €10,013 | €9,544 | -€469 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €40,745 | -€18,357 | -€59,102 | |
| Profit (loss) for the period | 9904 | €40,745 | -€18,357 | -€59,102 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,745 | -€18,357 | -€59,102 |
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 1 November 2026 via checked.be.