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MTR Constructions: 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.

What changed

MTR Constructions

BE 0805.906.187
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€14,491
2024 · -€11,096+€25,587
Equity
€18,395
2024 · €3,904+€14,491
Cash
€35,330
2024 · €2,679+€32,651
Balance sheet total
€105,292
2024 · €4,333+€100,959

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€67,300

    up €67,300 (+4070.5%), from €1,653 to €68,954

    of which Trade receivables: +€64,473

  • Cash +€32,651

    up €32,651 (+1218.6%), from €2,679 to €35,330

    mainly Trade debts (+€79,568) and Net result for the year (+€14,491)

Equity and liabilities
  • Trade debts +€79,568

    up €79,568 (+18550.3%), from €429 to €79,997

  • Profit (loss) carried forward +€14,491

    up €14,491, from -€11,096 to €3,395

  • Tax, wage and social debts +€4,034

    new in 2025: €4,034

  • Accrued charges and deferred income +€2,867

    new in 2025: €2,867

Income statement
  • Gross operating margin +€26,639

    up €26,639, from -€11,057 to €15,582

  • Taxes +€944

    new in 2025: €944

  • Other operating charges +€267

    new in 2025: €267

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€11,096
Gross operating margin +€26,639
Other operating charges -€267
Financial income +€153
Financial charges +€5
Taxes -€944
Result 2025 €14,491

Cash bridge derived

cash 2024 to 2025

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.

From operations +€33,601
Investment -€950
Financing €0
Cash 2024 €2,679
Net result for the year +€14,491
Receivables within one year -€67,300
Deferred charges and accrued income -€58
Trade debts +€79,568
Tax, wage and social debts +€4,034
Accrued charges and deferred income +€2,867
Investment in fixed assets (net) -€950
Cash 2025 €35,330
Every line side by side 31 lines
Line Code 2024 2025 Change %
Total assets 20/58 €4,333 €105,292 +€100,959 +2330.1%
Fixed assets 21/28 - €950 +€950
Financial fixed assets 28 - €950 +€950
Current assets 29/58 €4,333 €104,342 +€100,009 +2308.2%
Amounts receivable within one year 40/41 €1,653 €68,954 +€67,300 +4070.5%
Trade receivables 40 €519 €64,992 +€64,473 +12422.5%
Other amounts receivable 41 €1,134 €3,962 +€2,827 +249.2%
Cash at bank and in hand 54/58 €2,679 €35,330 +€32,651 +1218.6%
Deferred charges and accrued income 490/1 - €58 +€58
Total equity and liabilities 10/49 €4,333 €105,292 +€100,959 +2330.1%
Equity 10/15 €3,904 €18,395 +€14,491 +371.2%
Contributions 10/11 €15,000 €15,000 = 0.0%
Profit (loss) carried forward 14 -€11,096 €3,395 +€14,491
Amounts payable 17/49 €429 €86,897 +€86,468 +20159.0%
Amounts payable within one year 42/48 €429 €84,030 +€83,601 +19490.7%
Trade debts 44 €429 €79,997 +€79,568 +18550.3%
Suppliers 440/4 €429 €79,997 +€79,568 +18550.3%
Taxes, remuneration and social security 45 - €4,034 +€4,034
Taxes 450/3 - €4,034 +€4,034
Accrued charges and deferred income 492/3 - €2,867 +€2,867
Other operating charges 640/8 - €267 +€267
Gross operating margin 9900 -€11,057 €15,582 +€26,639
Operating profit (loss) 9901 -€11,057 €15,315 +€26,372
Financial income 75/76B €34 €188 +€153 +446.4%
Recurring financial income 75 €34 €188 +€153 +446.4%
Financial charges 65/66B €74 €68 -€5 -7.4%
Recurring financial charges 65 €74 €68 -€5 -7.4%
Profit (loss) for the period before taxes 9903 -€11,096 €15,435 +€26,531
Income taxes 67/77 - €944 +€944
Profit (loss) for the period 9904 -€11,096 €14,491 +€25,587
Profit (loss) for the period to be appropriated 9905 -€11,096 €14,491 +€25,587

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 29 September 2026 via checked.be.