MTP Projects: 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 Projects
Largest movements
- Current investments +€63,048
up €63,048 (+2.9%), from €2.1m to €2.2m
- Reserves +€60,781
up €60,781 (+2.6%), from €2.3m to €2.4m
- Financial income -€159,943
down €159,943 (-70.7%), from €226,144 to €66,201
- Gross operating margin -€112,181
down €112,181 (-80.9%), from €138,716 to €26,535
- Taxes -€87,503
down €87,503 (-74.0%), from €118,238 to €30,735
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 | €2,394,835 | €2,436,148 | +€41,313 | +1.7% |
| Current assets | 29/58 | €2,394,835 | €2,436,148 | +€41,313 | +1.7% |
| Amounts receivable within one year | 40/41 | €8,351 | €7,975 | -€376 | -4.5% |
| Trade receivables | 40 | €8,305 | €7,975 | -€330 | -4.0% |
| Other amounts receivable | 41 | €45 | €0 | -€45 | -100.0% |
| Current investments | 50/53 | €2,142,497 | €2,205,545 | +€63,048 | +2.9% |
| Cash at bank and in hand | 54/58 | €237,140 | €215,432 | -€21,708 | -9.2% |
| Deferred charges and accrued income | 490/1 | €6,847 | €7,195 | +€349 | +5.1% |
| Total equity and liabilities | 10/49 | €2,394,835 | €2,436,148 | +€41,313 | +1.7% |
| Equity | 10/15 | €2,352,666 | €2,413,447 | +€60,781 | +2.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,340,266 | €2,401,047 | +€60,781 | +2.6% |
| Distributable reserves | 133 | €2,340,266 | €2,401,047 | +€60,781 | +2.6% |
| Amounts payable | 17/49 | €42,169 | €22,701 | -€19,468 | -46.2% |
| Amounts payable within one year | 42/48 | €42,169 | €22,701 | -€19,468 | -46.2% |
| Trade debts | 44 | €261 | €3,108 | +€2,846 | +1089.6% |
| Suppliers | 440/4 | €261 | €3,108 | +€2,846 | +1089.6% |
| Taxes, remuneration and social security | 45 | €41,412 | €19,126 | -€22,286 | -53.8% |
| Taxes | 450/3 | €41,412 | €19,126 | -€22,286 | -53.8% |
| Other amounts payable | 47/48 | €495 | €467 | -€28 | -5.7% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €138,716 | €26,535 | -€112,181 | -80.9% |
| Operating profit (loss) | 9901 | €137,608 | €25,393 | -€112,215 | -81.5% |
| Financial income | 75/76B | €226,144 | €66,201 | -€159,943 | -70.7% |
| Recurring financial income | 75 | €226,144 | €66,201 | -€159,943 | -70.7% |
| Financial charges | 65/66B | €62 | €78 | +€16 | +26.3% |
| Recurring financial charges | 65 | €62 | €78 | +€16 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €363,690 | €91,516 | -€272,175 | -74.8% |
| Income taxes | 67/77 | €118,238 | €30,735 | -€87,503 | -74.0% |
| Profit (loss) for the period | 9904 | €245,452 | €60,781 | -€184,671 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €245,452 | €60,781 | -€184,671 | -75.2% |
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 8 October 2026 via checked.be.