MTNA GROUP: what changed
Two fiscal 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.
MTNA GROUP
Largest movements
- Intangible fixed assets -€4,444
down €4,444 (-12.1%), from €36,673 to €32,229
- Cash +€3,362
up €3,362 (+55.7%), from €6,031 to €9,393
mainly Depreciation (+€5,221) and Trade debts (+€4,655)
- Stocks and contracts -€1,500
down €1,500 (-15.0%), from €10,000 to €8,500
- Receivables within one year +€1,301
up €1,301 (+132.3%), from €983 to €2,284
of which Other amounts receivable: +€2,029
- Tangible fixed assets -€777
down €777 (-50.1%), from €1,551 to €774
- Other debts -€8,198
down €8,198 (-22.1%), from €37,175 to €28,977
- Trade debts +€4,655
up €4,655 (+57.6%), from €8,078 to €12,733
- Profit (loss) carried forward +€1,994
up €1,994 (+82.7%), from €2,412 to €4,406
- Gross operating margin +€6,679
up €6,679 (+54.4%), from €12,280 to €18,959
- Financial charges +€2,133
up €2,133 (+110.9%), from €1,923 to €4,056
- Depreciation +€1,420
up €1,420 (+37.4%), from €3,801 to €5,221
- Taxes +€1,285
up €1,285 (+164.7%), from €780 to €2,065
- Staff costs +€871
new in 2025: €871
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.
Cash bridge derived
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 | €55,270 | €53,180 | -€2,090 | -3.8% |
| Fixed assets | 21/28 | €38,224 | €33,003 | -€5,221 | -13.7% |
| Intangible fixed assets | 21 | €36,673 | €32,229 | -€4,444 | -12.1% |
| Tangible fixed assets | 22/27 | €1,551 | €774 | -€777 | -50.1% |
| Furniture and vehicles | 24 | €1,551 | €774 | -€777 | -50.1% |
| Current assets | 29/58 | €17,046 | €20,177 | +€3,131 | +18.4% |
| Stocks and contracts in progress | 3 | €10,000 | €8,500 | -€1,500 | -15.0% |
| Stocks | 30/36 | €10,000 | €8,500 | -€1,500 | -15.0% |
| Amounts receivable within one year | 40/41 | €983 | €2,284 | +€1,301 | +132.3% |
| Trade receivables | 40 | €939 | €211 | -€728 | -77.5% |
| Other amounts receivable | 41 | €44 | €2,073 | +€2,029 | +4611.4% |
| Cash at bank and in hand | 54/58 | €6,031 | €9,393 | +€3,362 | +55.7% |
| Deferred charges and accrued income | 490/1 | €32 | - | -€32 | |
| Total equity and liabilities | 10/49 | €55,270 | €53,180 | -€2,090 | -3.8% |
| Equity | 10/15 | €4,612 | €6,606 | +€1,994 | +43.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,412 | €4,406 | +€1,994 | +82.7% |
| Amounts payable | 17/49 | €50,658 | €46,574 | -€4,084 | -8.1% |
| Amounts payable within one year | 42/48 | €49,859 | €45,775 | -€4,084 | -8.2% |
| Trade debts | 44 | €8,078 | €12,733 | +€4,655 | +57.6% |
| Suppliers | 440/4 | €8,078 | €12,733 | +€4,655 | +57.6% |
| Taxes, remuneration and social security | 45 | €4,606 | €4,065 | -€541 | -11.7% |
| Taxes | 450/3 | €4,606 | €4,065 | -€541 | -11.7% |
| Other amounts payable | 47/48 | €37,175 | €28,977 | -€8,198 | -22.1% |
| Accrued charges and deferred income | 492/3 | €799 | €799 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €871 | +€871 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,801 | €5,221 | +€1,420 | +37.4% |
| Other operating charges | 640/8 | €5,581 | €4,761 | -€820 | -14.7% |
| Gross operating margin | 9900 | €12,280 | €18,959 | +€6,679 | +54.4% |
| Operating profit (loss) | 9901 | €2,898 | €8,106 | +€5,208 | +179.7% |
| Financial income | 75/76B | €28 | €9 | -€19 | -67.9% |
| Recurring financial income | 75 | €28 | €9 | -€19 | -67.9% |
| Financial charges | 65/66B | €1,923 | €4,056 | +€2,133 | +110.9% |
| Recurring financial charges | 65 | €1,923 | €4,056 | +€2,133 | +110.9% |
| Profit (loss) for the period before taxes | 9903 | €1,003 | €4,059 | +€3,056 | +304.7% |
| Income taxes | 67/77 | €780 | €2,065 | +€1,285 | +164.7% |
| Profit (loss) for the period | 9904 | €223 | €1,994 | +€1,771 | +794.2% |
| Profit (loss) for the period to be appropriated | 9905 | €223 | €1,994 | +€1,771 | +794.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.