MTO: 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.
MTO
Largest movements
- Cash +€39,667
up €39,667 (+279%), from €14,235 to €53,901
mainly Net result for the year (+€41,309) and Tax, wage and social debts (+€15,549)
- Receivables within one year +€21,390
up €21,390 (+353%), from €6,067 to €27,457
of which Trade receivables: +€16,293
- Tangible fixed assets -€3,853
down €3,853 (-37.0%), from €10,410 to €6,557
of which Plant, machinery and equipment: -€4,019
- Reserves +€30,000
up €30,000 (+1,613%), from €1,860 to €31,860
of which Distributable reserves: +€30,000
- Tax, wage and social debts +€15,549
up €15,549 (+681%), from €2,283 to €17,833
- Other debts +€8,592
up €8,592 (+947%), from €908 to €9,500
- Trade debts +€1,942
up €1,942 (+10.7%), from €18,075 to €20,017
- Profit (loss) carried forward +€1,809
up €1,809 (+43.5%), from €4,161 to €5,970
- Turnover +€57,638
up €57,638 (+43.7%), from €132,015 to €189,654
- Gross operating margin +€47,476
up €47,476 (+275%), from €17,279 to €64,755
- Taxes +€15,602
up €15,602 (+1,913%), from €815 to €16,417
- Purchases and services +€4,352
up €4,352 (+3.4%), from €129,916 to €134,268
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 | €34,176 | €91,380 | +€57,203 | +167% |
| Fixed assets | 21/28 | €10,410 | €6,557 | -€3,853 | -37.0% |
| Tangible fixed assets | 22/27 | €10,410 | €6,557 | -€3,853 | -37.0% |
| Plant, machinery and equipment | 23 | €10,410 | €6,392 | -€4,019 | -38.6% |
| Furniture and vehicles | 24 | - | €166 | +€166 | |
| Current assets | 29/58 | €23,766 | €84,823 | +€61,057 | +257% |
| Amounts receivable within one year | 40/41 | €6,067 | €27,457 | +€21,390 | +353% |
| Trade receivables | 40 | €5,265 | €21,558 | +€16,293 | +309% |
| Other amounts receivable | 41 | €802 | €5,898 | +€5,097 | +636% |
| Cash at bank and in hand | 54/58 | €14,235 | €53,901 | +€39,667 | +279% |
| Deferred charges and accrued income | 490/1 | €3,464 | €3,464 | = | 0.0% |
| Total equity and liabilities | 10/49 | €34,176 | €91,380 | +€57,203 | +167% |
| Equity | 10/15 | €12,221 | €44,030 | +€31,809 | +260% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €31,860 | +€30,000 | +1,613% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €4,161 | €5,970 | +€1,809 | +43.5% |
| Amounts payable | 17/49 | €21,955 | €47,350 | +€25,395 | +116% |
| Amounts payable within one year | 42/48 | €21,955 | €47,350 | +€25,395 | +116% |
| Trade debts | 44 | €18,075 | €20,017 | +€1,942 | +10.7% |
| Suppliers | 440/4 | €18,075 | €20,017 | +€1,942 | +10.7% |
| Advances received on contracts in progress | 46 | €689 | - | -€689 | |
| Taxes, remuneration and social security | 45 | €2,283 | €17,833 | +€15,549 | +681% |
| Taxes | 450/3 | €2,283 | €17,833 | +€15,549 | +681% |
| Other amounts payable | 47/48 | €908 | €9,500 | +€8,592 | +947% |
| Turnover | 70 | €132,015 | €189,654 | +€57,638 | +43.7% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €129,916 | €134,268 | +€4,352 | +3.4% |
| Remuneration, social security and pensions | 62 | €315 | €1,498 | +€1,182 | +375% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,196 | €4,304 | -€892 | -17.2% |
| Other operating charges | 640/8 | €1,314 | €1,262 | -€52 | -3.9% |
| Gross operating margin | 9900 | €17,279 | €64,755 | +€47,476 | +275% |
| Operating profit (loss) | 9901 | €10,454 | €57,692 | +€47,238 | +452% |
| Financial income | 75/76B | €15 | €390 | +€375 | +2,517% |
| Recurring financial income | 75 | €15 | €390 | +€375 | +2,517% |
| Financial charges | 65/66B | €1,398 | €356 | -€1,041 | -74.5% |
| Recurring financial charges | 65 | €1,398 | €356 | -€1,041 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | €9,071 | €57,726 | +€48,655 | +536% |
| Income taxes | 67/77 | €815 | €16,417 | +€15,602 | +1,913% |
| Profit (loss) for the period | 9904 | €8,256 | €41,309 | +€33,053 | +400% |
| Profit (loss) for the period to be appropriated | 9905 | €8,256 | €41,309 | +€33,053 | +400% |
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 16 October 2026 via checked.be.