MTR CONSTRUCT: 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.
MTR CONSTRUCT
Largest movements
- Receivables within one year +€13,752
up €13,752 (+17.3%), from €79,337 to €93,089
of which Trade receivables: +€8,967
- Cash -€6,149
down €6,149 (-47.0%), from €13,073 to €6,925
mainly Tax, wage and social debts (-€21,757) and Receivables within one year (-€13,752)
- Intangible fixed assets -€2,144
down €2,144 (-25.0%), from €8,576 to €6,432
- Stocks and contracts +€1,700
new in 2025: €1,700
- Tax, wage and social debts -€21,757
down €21,757 (-55.5%), from €39,223 to €17,466
of which Remuneration and social security: -€15,287
- Profit (loss) carried forward +€15,740
up €15,740 (+179.7%), from €8,756 to €24,496
- Trade debts +€10,773
up €10,773 (+36.1%), from €29,837 to €40,609
- Other debts +€3,500
up €3,500 (+18.8%), from €18,601 to €22,101
- Gross operating margin +€6,907
up €6,907 (+61.0%), from €11,324 to €18,231
- Other operating charges -€197
down €197 (-56.9%), from €345 to €149
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 | €101,417 | €109,672 | +€8,255 | +8.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €9,006 | €6,862 | -€2,144 | -23.8% |
| Intangible fixed assets | 21 | €8,576 | €6,432 | -€2,144 | -25.0% |
| Financial fixed assets | 28 | €430 | €430 | = | 0.0% |
| Current assets | 29/58 | €92,411 | €102,810 | +€10,399 | +11.3% |
| Stocks and contracts in progress | 3 | - | €1,700 | +€1,700 | |
| Stocks | 30/36 | - | €1,700 | +€1,700 | |
| Amounts receivable within one year | 40/41 | €79,337 | €93,089 | +€13,752 | +17.3% |
| Trade receivables | 40 | €76,981 | €85,948 | +€8,967 | +11.6% |
| Other amounts receivable | 41 | €2,356 | €7,141 | +€4,785 | +203.1% |
| Cash at bank and in hand | 54/58 | €13,073 | €6,925 | -€6,149 | -47.0% |
| Deferred charges and accrued income | 490/1 | - | €1,097 | +€1,097 | |
| Total equity and liabilities | 10/49 | €101,417 | €109,672 | +€8,255 | +8.1% |
| Equity | 10/15 | €13,756 | €29,496 | +€15,740 | +114.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,756 | €24,496 | +€15,740 | +179.7% |
| Amounts payable | 17/49 | €87,661 | €80,176 | -€7,484 | -8.5% |
| Amounts payable within one year | 42/48 | €87,661 | €80,176 | -€7,484 | -8.5% |
| Trade debts | 44 | €29,837 | €40,609 | +€10,773 | +36.1% |
| Suppliers | 440/4 | €29,837 | €40,609 | +€10,773 | +36.1% |
| Taxes, remuneration and social security | 45 | €39,223 | €17,466 | -€21,757 | -55.5% |
| Taxes | 450/3 | €6,883 | €413 | -€6,470 | -94.0% |
| Remuneration and social security | 454/9 | €32,340 | €17,053 | -€15,287 | -47.3% |
| Other amounts payable | 47/48 | €18,601 | €22,101 | +€3,500 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,144 | €2,144 | = | 0.0% |
| Other operating charges | 640/8 | €345 | €149 | -€197 | -56.9% |
| Gross operating margin | 9900 | €11,324 | €18,231 | +€6,907 | +61.0% |
| Operating profit (loss) | 9901 | €8,835 | €15,938 | +€7,103 | +80.4% |
| Financial charges | 65/66B | €78 | €198 | +€120 | +153.5% |
| Recurring financial charges | 65 | €78 | €198 | +€120 | +153.5% |
| Profit (loss) for the period before taxes | 9903 | €8,756 | €15,740 | +€6,983 | +79.7% |
| Profit (loss) for the period | 9904 | €8,756 | €15,740 | +€6,983 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,756 | €15,740 | +€6,983 | +79.7% |
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 30 September 2026 via checked.be.