MTRL: what changed
Two financial 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.
MTRL
Largest movements
- Tangible fixed assets -€7,451
down €7,451 (-23.2%), from €32,154 to €24,703
of which Furniture and vehicles: -€6,942
- Cash -€5,749
down €5,749 (-54.3%), from €10,597 to €4,848
mainly Net result for the year (-€5,994) and Debts after one year (-€4,871)
- Receivables within one year -€5,429
down €5,429 (-31.1%), from €17,483 to €12,053
of which Trade receivables: -€4,431
- Deferred charges and accrued income +€3,739
up €3,739 (+386%), from €968 to €4,707
- Stocks and contracts +€1,385
up €1,385 (+12.0%), from €11,500 to €12,885
- Reserves -€5,500
down €5,500 (-15.7%), from €35,000 to €29,500
of which Distributable reserves: -€5,500
- Debts after one year -€4,871
down €4,871 (-26.4%), from €18,444 to €13,574
- Other debts -€3,657
down €3,657 (-42.4%), from €8,616 to €4,959
- Trade debts -€2,478
down €2,478 (-28.9%), from €8,574 to €6,096
- Tax, wage and social debts +€2,302
up €2,302 (+1,299%), from €177 to €2,479
- Depreciation +€3,633
up €3,633 (+73.6%), from €4,933 to €8,567
- Gross operating margin -€2,519
down €2,519 (-32.8%), from €7,669 to €5,151
- Other operating charges -€171
down €171 (-24.5%), from €699 to €528
- Financial charges +€150
up €150 (+7.6%), from €1,972 to €2,122
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.
Derived cash bridge
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 | €78,584 | €63,963 | -€14,621 | -18.6% |
| Fixed assets | 21/28 | €34,036 | €25,470 | -€8,567 | -25.2% |
| Intangible fixed assets | 21 | €1,883 | €767 | -€1,116 | -59.3% |
| Tangible fixed assets | 22/27 | €32,154 | €24,703 | -€7,451 | -23.2% |
| Plant, machinery and equipment | 23 | €1,017 | €509 | -€509 | -50.0% |
| Furniture and vehicles | 24 | €31,136 | €24,195 | -€6,942 | -22.3% |
| Current assets | 29/58 | €44,547 | €38,493 | -€6,054 | -13.6% |
| Stocks and contracts in progress | 3 | €11,500 | €12,885 | +€1,385 | +12.0% |
| Stocks | 30/36 | €11,500 | €12,885 | +€1,385 | +12.0% |
| Amounts receivable within one year | 40/41 | €17,483 | €12,053 | -€5,429 | -31.1% |
| Trade receivables | 40 | €10,457 | €6,026 | -€4,431 | -42.4% |
| Other amounts receivable | 41 | €7,025 | €6,027 | -€998 | -14.2% |
| Current investments | 50/53 | €4,000 | €4,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,597 | €4,848 | -€5,749 | -54.3% |
| Deferred charges and accrued income | 490/1 | €968 | €4,707 | +€3,739 | +386% |
| Total equity and liabilities | 10/49 | €78,584 | €63,963 | -€14,621 | -18.6% |
| Equity | 10/15 | €37,978 | €31,984 | -€5,994 | -15.8% |
| Contributions | 10/11 | €2,100 | €2,100 | = | 0.0% |
| Reserves | 13 | €35,000 | €29,500 | -€5,500 | -15.7% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Own shares acquired | 1312 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €31,000 | €25,500 | -€5,500 | -17.7% |
| Profit (loss) carried forward | 14 | €878 | €384 | -€494 | -56.3% |
| Amounts payable | 17/49 | €40,606 | €31,979 | -€8,627 | -21.2% |
| Amounts payable after more than one year | 17 | €18,444 | €13,574 | -€4,871 | -26.4% |
| Financial debts | 170/4 | €18,444 | €13,574 | -€4,871 | -26.4% |
| Amounts payable within one year | 42/48 | €22,038 | €18,406 | -€3,632 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €4,670 | €4,871 | +€201 | +4.3% |
| Trade debts | 44 | €8,574 | €6,096 | -€2,478 | -28.9% |
| Suppliers | 440/4 | €8,574 | €6,096 | -€2,478 | -28.9% |
| Taxes, remuneration and social security | 45 | €177 | €2,479 | +€2,302 | +1,299% |
| Taxes | 450/3 | €177 | €2,479 | +€2,302 | +1,299% |
| Other amounts payable | 47/48 | €8,616 | €4,959 | -€3,657 | -42.4% |
| Accrued charges and deferred income | 492/3 | €124 | €0 | -€124 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,933 | €8,567 | +€3,633 | +73.6% |
| Other operating charges | 640/8 | €699 | €528 | -€171 | -24.5% |
| Gross operating margin | 9900 | €7,669 | €5,151 | -€2,519 | -32.8% |
| Operating profit (loss) | 9901 | €2,037 | -€3,944 | -€5,981 | |
| Financial income | 75/76B | €55 | €72 | +€17 | +30.7% |
| Recurring financial income | 75 | €55 | €72 | +€17 | +30.7% |
| Financial charges | 65/66B | €1,972 | €2,122 | +€150 | +7.6% |
| Recurring financial charges | 65 | €1,972 | €2,122 | +€150 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €120 | -€5,994 | -€6,114 | |
| Profit (loss) for the period | 9904 | €120 | -€5,994 | -€6,114 | |
| Profit (loss) for the period to be appropriated | 9905 | €120 | -€5,994 | -€6,114 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.