MTO BV: 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.
MTO BV
Largest movements
- Cash +€79,599
up €79,599 (+67.3%), from €118,282 to €197,882
mainly Net result for the year (+€63,193) and Tax, wage and social debts (+€15,876)
- Profit (loss) carried forward +€62,360
up €62,360 (+64.9%), from €96,159 to €158,519
- Tax, wage and social debts +€15,876
up €15,876 (+54.9%), from €28,901 to €44,776
of which Taxes: +€15,876
- Gross operating margin -€7,628
down €7,628 (-8.4%), from €90,365 to €82,737
- Taxes -€1,466
down €1,466 (-8.3%), from €17,754 to €16,288
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 | €132,358 | €211,020 | +€78,662 | +59.4% |
| Fixed assets | 21/28 | €1,066 | €791 | -€275 | -25.8% |
| Tangible fixed assets | 22/27 | €1,066 | €791 | -€275 | -25.8% |
| Furniture and vehicles | 24 | €1,066 | €791 | -€275 | -25.8% |
| Current assets | 29/58 | €131,292 | €210,229 | +€78,937 | +60.1% |
| Amounts receivable within one year | 40/41 | €11,940 | €10,693 | -€1,247 | -10.4% |
| Trade receivables | 40 | €11,851 | €10,674 | -€1,176 | -9.9% |
| Other amounts receivable | 41 | €90 | €19 | -€71 | -79.4% |
| Cash at bank and in hand | 54/58 | €118,282 | €197,882 | +€79,599 | +67.3% |
| Deferred charges and accrued income | 490/1 | €1,070 | €1,654 | +€585 | +54.7% |
| Total equity and liabilities | 10/49 | €132,358 | €211,020 | +€78,662 | +59.4% |
| Equity | 10/15 | €99,159 | €161,519 | +€62,360 | +62.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,159 | €158,519 | +€62,360 | +64.9% |
| Amounts payable | 17/49 | €33,199 | €49,501 | +€16,302 | +49.1% |
| Amounts payable within one year | 42/48 | €33,080 | €49,382 | +€16,302 | +49.3% |
| Financial debts | 43 | €167 | €176 | +€9 | +5.3% |
| Credit institutions | 430/8 | €167 | €176 | +€9 | +5.3% |
| Trade debts | 44 | €740 | €771 | +€31 | +4.2% |
| Suppliers | 440/4 | €740 | €771 | +€31 | +4.2% |
| Taxes, remuneration and social security | 45 | €28,901 | €44,776 | +€15,876 | +54.9% |
| Taxes | 450/3 | €27,101 | €42,976 | +€15,876 | +58.6% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €3,272 | €3,659 | +€387 | +11.8% |
| Accrued charges and deferred income | 492/3 | €119 | €119 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €749 | €275 | -€474 | -63.3% |
| Other operating charges | 640/8 | €441 | €583 | +€142 | +32.2% |
| Gross operating margin | 9900 | €90,365 | €82,737 | -€7,628 | -8.4% |
| Operating profit (loss) | 9901 | €89,175 | €81,879 | -€7,296 | -8.2% |
| Financial charges | 65/66B | €2,400 | €2,399 | -€2 | -0.1% |
| Recurring financial charges | 65 | €2,400 | €2,399 | -€2 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €86,775 | €79,481 | -€7,294 | -8.4% |
| Income taxes | 67/77 | €17,754 | €16,288 | -€1,466 | -8.3% |
| Profit (loss) for the period | 9904 | €69,021 | €63,193 | -€5,828 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,021 | €63,193 | -€5,828 | -8.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.