MTP MECA: 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.
MTP MECA
Largest movements
- Receivables within one year -€95,534
down €95,534 (-60.9%), from €156,753 to €61,219
of which Trade receivables: -€95,365
- Tangible fixed assets -€47,822
down €47,822 (-5.8%), from €824,081 to €776,260
of which Land and buildings: -€28,623
- Cash -€11,980
down €11,980 (-100.0%), from €11,980 to €0
mainly Net result for the year (-€50,242) and Debts after one year (-€38,295)
- Debts after one year -€38,295
down €38,295 (-31.2%), from €122,643 to €84,348
- Current portion of long-term debt -€36,244
down €36,244 (-48.6%), from €74,539 to €38,295
- Profit (loss) carried forward -€30,673
down €30,673, from €0 to -€30,673
- Reserves -€19,569
down €19,569 (-4.0%), from €486,238 to €466,669
of which Tax-exempt reserves: -€19,569
- Trade debts -€12,930
down €12,930 (-44.6%), from €29,009 to €16,078
- Gross operating margin -€146,009
down €146,009 (-62.9%), from €232,038 to €86,028
- Taxes -€28,203
down €28,203 (-99.4%), from €28,372 to €169
- Other operating charges +€11,356
up €11,356 (+563.8%), from €2,014 to €13,370
- Staff costs +€6,915
up €6,915 (+18.1%), from €38,159 to €45,075
- Depreciation +€5,426
up €5,426 (+7.6%), from €71,823 to €77,248
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 | €997,745 | €845,200 | -€152,545 | -15.3% |
| Fixed assets | 21/28 | €824,081 | €776,260 | -€47,822 | -5.8% |
| Tangible fixed assets | 22/27 | €824,081 | €776,260 | -€47,822 | -5.8% |
| Land and buildings | 22 | €643,112 | €614,489 | -€28,623 | -4.5% |
| Plant, machinery and equipment | 23 | €171,382 | €155,044 | -€16,338 | -9.5% |
| Furniture and vehicles | 24 | €6,989 | €4,472 | -€2,517 | -36.0% |
| Other tangible fixed assets | 26 | €2,598 | €2,254 | -€344 | -13.2% |
| Current assets | 29/58 | €173,664 | €68,941 | -€104,723 | -60.3% |
| Amounts receivable within one year | 40/41 | €156,753 | €61,219 | -€95,534 | -60.9% |
| Trade receivables | 40 | €146,753 | €51,388 | -€95,365 | -65.0% |
| Other amounts receivable | 41 | €10,000 | €9,831 | -€169 | -1.7% |
| Cash at bank and in hand | 54/58 | €11,980 | €0 | -€11,980 | -100.0% |
| Deferred charges and accrued income | 490/1 | €4,931 | €7,722 | +€2,791 | +56.6% |
| Total equity and liabilities | 10/49 | €997,745 | €845,200 | -€152,545 | -15.3% |
| Equity | 10/15 | €548,539 | €495,996 | -€52,544 | -9.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €486,238 | €466,669 | -€19,569 | -4.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €188,367 | €168,798 | -€19,569 | -10.4% |
| Distributable reserves | 133 | €292,870 | €292,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€30,673 | -€30,673 | |
| Investment grants | 15 | €12,302 | €10,000 | -€2,302 | -18.7% |
| Provisions and deferred taxes | 16 | €47,092 | €42,200 | -€4,892 | -10.4% |
| Deferred taxes | 168 | €47,092 | €42,200 | -€4,892 | -10.4% |
| Amounts payable | 17/49 | €402,114 | €307,005 | -€95,109 | -23.7% |
| Amounts payable after more than one year | 17 | €122,643 | €84,348 | -€38,295 | -31.2% |
| Financial debts | 170/4 | €122,643 | €84,348 | -€38,295 | -31.2% |
| Amounts payable within one year | 42/48 | €279,471 | €222,657 | -€56,814 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €74,539 | €38,295 | -€36,244 | -48.6% |
| Financial debts | 43 | €0 | €2,999 | +€2,999 | |
| Credit institutions | 430/8 | €0 | €2,999 | +€2,999 | |
| Trade debts | 44 | €29,009 | €16,078 | -€12,930 | -44.6% |
| Suppliers | 440/4 | €29,009 | €16,078 | -€12,930 | -44.6% |
| Taxes, remuneration and social security | 45 | €65,874 | €59,811 | -€6,064 | -9.2% |
| Taxes | 450/3 | €56,906 | €41,054 | -€15,852 | -27.9% |
| Remuneration and social security | 454/9 | €8,968 | €18,756 | +€9,788 | +109.2% |
| Other amounts payable | 47/48 | €110,048 | €105,474 | -€4,574 | -4.2% |
| Remuneration, social security and pensions | 62 | €38,159 | €45,075 | +€6,915 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,823 | €77,248 | +€5,426 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,014 | €13,370 | +€11,356 | +563.8% |
| Gross operating margin | 9900 | €232,038 | €86,028 | -€146,009 | -62.9% |
| Operating profit (loss) | 9901 | €120,041 | -€49,665 | -€169,706 | |
| Financial income | 75/76B | €686 | €2,310 | +€1,624 | +236.6% |
| Recurring financial income | 75 | €686 | €2,310 | +€1,624 | +236.6% |
| Financial charges | 65/66B | €11,282 | €7,611 | -€3,671 | -32.5% |
| Recurring financial charges | 65 | €11,282 | €7,611 | -€3,671 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €109,446 | -€54,965 | -€164,411 | |
| Transfer from deferred taxes | 780 | €4,892 | €4,892 | = | 0.0% |
| Income taxes | 67/77 | €28,372 | €169 | -€28,203 | -99.4% |
| Profit (loss) for the period | 9904 | €85,966 | -€50,242 | -€136,208 | |
| Transfer from tax-exempt reserves | 789 | €19,569 | €19,569 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €105,535 | -€30,673 | -€136,208 |
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 5 October 2026 via checked.be.