MTPneus: 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.
MTPneus
Largest movements
- Stocks and contracts -€6,463
down €6,463 (-22.6%), from €28,657 to €22,194
- Cash +€2,623
up €2,623 (+51.3%), from €5,115 to €7,737
mainly Stocks and contracts (+€6,463) and Depreciation (+€1,882)
- Tangible fixed assets -€1,882
down €1,882 (-38.9%), from €4,835 to €2,952
of which Plant, machinery and equipment: -€944
- Receivables within one year -€1,241
down €1,241 (-5.3%), from €23,646 to €22,405
of which Other amounts receivable: -€3,391
- Profit (loss) carried forward -€6,055
down €6,055 (-11.0%), from -€55,230 to -€61,285
- Trade debts -€2,345
down €2,345 (-5.1%), from €46,068 to €43,723
- Tax, wage and social debts +€1,241
up €1,241 (+84.4%), from €1,470 to €2,711
of which Taxes: +€2,214
- Staff costs +€2,181
up €2,181 (+39.1%), from €5,579 to €7,760
- Gross operating margin -€2,162
down €2,162 (-21.0%), from €10,277 to €8,115
- Depreciation -€1,306
down €1,306 (-41.0%), from €3,188 to €1,882
- Other operating charges +€704
up €704 (+67.3%), from €1,046 to €1,749
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 | €70,579 | €63,366 | -€7,213 | -10.2% |
| Fixed assets | 21/28 | €9,161 | €7,279 | -€1,882 | -20.5% |
| Tangible fixed assets | 22/27 | €4,835 | €2,952 | -€1,882 | -38.9% |
| Plant, machinery and equipment | 23 | €3,668 | €2,725 | -€944 | -25.7% |
| Furniture and vehicles | 24 | €711 | - | -€711 | |
| Other tangible fixed assets | 26 | €456 | €228 | -€228 | -50.0% |
| Financial fixed assets | 28 | €4,327 | €4,327 | = | 0.0% |
| Current assets | 29/58 | €61,418 | €56,087 | -€5,330 | -8.7% |
| Stocks and contracts in progress | 3 | €28,657 | €22,194 | -€6,463 | -22.6% |
| Stocks | 30/36 | €28,657 | €22,194 | -€6,463 | -22.6% |
| Amounts receivable within one year | 40/41 | €23,646 | €22,405 | -€1,241 | -5.3% |
| Trade receivables | 40 | €3,150 | €5,299 | +€2,149 | +68.2% |
| Other amounts receivable | 41 | €20,497 | €17,106 | -€3,391 | -16.5% |
| Cash at bank and in hand | 54/58 | €5,115 | €7,737 | +€2,623 | +51.3% |
| Deferred charges and accrued income | 490/1 | €4,000 | €3,752 | -€248 | -6.2% |
| Total equity and liabilities | 10/49 | €70,579 | €63,366 | -€7,213 | -10.2% |
| Equity | 10/15 | -€48,885 | -€54,940 | -€6,055 | -12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €145 | €145 | = | 0.0% |
| Non-distributable reserves | 130/1 | €145 | €145 | = | 0.0% |
| Reserves not available under the articles | 1311 | €145 | €145 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,230 | -€61,285 | -€6,055 | -11.0% |
| Amounts payable | 17/49 | €119,464 | €118,306 | -€1,158 | -1.0% |
| Amounts payable within one year | 42/48 | €119,464 | €118,306 | -€1,158 | -1.0% |
| Financial debts | 43 | €7,826 | €7,772 | -€54 | -0.7% |
| Credit institutions | 430/8 | €7,826 | €7,772 | -€54 | -0.7% |
| Trade debts | 44 | €46,068 | €43,723 | -€2,345 | -5.1% |
| Suppliers | 440/4 | €46,068 | €43,723 | -€2,345 | -5.1% |
| Taxes, remuneration and social security | 45 | €1,470 | €2,711 | +€1,241 | +84.4% |
| Taxes | 450/3 | - | €2,214 | +€2,214 | |
| Remuneration and social security | 454/9 | €1,470 | €498 | -€973 | -66.2% |
| Other amounts payable | 47/48 | €64,100 | €64,100 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €5,579 | €7,760 | +€2,181 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,188 | €1,882 | -€1,306 | -41.0% |
| Other operating charges | 640/8 | €1,046 | €1,749 | +€704 | +67.3% |
| Gross operating margin | 9900 | €10,277 | €8,115 | -€2,162 | -21.0% |
| Operating profit (loss) | 9901 | €464 | -€3,276 | -€3,740 | |
| Financial income | 75/76B | €865 | €948 | +€83 | +9.6% |
| Recurring financial income | 75 | €865 | €948 | +€83 | +9.6% |
| Financial charges | 65/66B | €3,688 | €3,586 | -€102 | -2.8% |
| Recurring financial charges | 65 | €3,688 | €3,586 | -€102 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,359 | -€5,914 | -€3,555 | -150.7% |
| Income taxes | 67/77 | €166 | €141 | -€25 | -14.9% |
| Profit (loss) for the period | 9904 | -€2,524 | -€6,055 | -€3,531 | -139.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,524 | -€6,055 | -€3,531 | -139.9% |
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 3 October 2026 via checked.be.