MTronics: 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.
MTronics
Largest movements
- Receivables within one year -€8,128
down €8,128 (-22.6%), from €35,982 to €27,854
of which Other amounts receivable: -€4,825
- Cash +€6,888
up €6,888 (+450%), from €1,529 to €8,417
mainly Receivables within one year (+€8,128) and Net result for the year (+€1,266)
- Stocks and contracts +€1,653
up €1,653 (+76.3%), from €2,167 to €3,820
- Tangible fixed assets +€840
new in 2025: €840
- Deferred charges and accrued income +€582
up €582 (+549%), from €106 to €688
- Profit (loss) carried forward +€1,266
up €1,266 (+14.2%), from €8,932 to €10,198
- Tax, wage and social debts +€456
up €456 (+2.4%), from €18,993 to €19,449
of which Taxes: +€2,238
- Turnover -€59,674
down €59,674 (-47.7%), from €125,161 to €65,487
- Gross operating margin -€36,656
down €36,656 (-84.9%), from €43,182 to €6,526
- Staff costs -€28,329
down €28,329 (-90.4%), from €31,328 to €2,999
- Purchases and services -€23,018
down €23,018 (-28.1%), from €81,979 to €58,961
- Depreciation -€1,640
down €1,640 (-88.6%), from €1,850 to €210
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 | €41,384 | €43,219 | +€1,835 | +4.4% |
| Fixed assets | 21/28 | €1,600 | €2,440 | +€840 | +52.5% |
| Tangible fixed assets | 22/27 | - | €840 | +€840 | |
| Furniture and vehicles | 24 | - | €840 | +€840 | |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €39,784 | €40,779 | +€995 | +2.5% |
| Stocks and contracts in progress | 3 | €2,167 | €3,820 | +€1,653 | +76.3% |
| Stocks | 30/36 | €2,167 | €3,820 | +€1,653 | +76.3% |
| Amounts receivable within one year | 40/41 | €35,982 | €27,854 | -€8,128 | -22.6% |
| Trade receivables | 40 | €29,634 | €26,331 | -€3,303 | -11.1% |
| Other amounts receivable | 41 | €6,348 | €1,523 | -€4,825 | -76.0% |
| Cash at bank and in hand | 54/58 | €1,529 | €8,417 | +€6,888 | +450% |
| Deferred charges and accrued income | 490/1 | €106 | €688 | +€582 | +549% |
| Total equity and liabilities | 10/49 | €41,384 | €43,219 | +€1,835 | +4.4% |
| Equity | 10/15 | €22,320 | €23,586 | +€1,266 | +5.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €988 | €988 | = | 0.0% |
| Non-distributable reserves | 130/1 | €988 | €988 | = | 0.0% |
| Legal reserve | 130 | €988 | €988 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,932 | €10,198 | +€1,266 | +14.2% |
| Amounts payable | 17/49 | €19,064 | €19,633 | +€569 | +3.0% |
| Amounts payable within one year | 42/48 | €19,064 | €19,633 | +€569 | +3.0% |
| Trade debts | 44 | €71 | €184 | +€113 | +159% |
| Suppliers | 440/4 | €71 | €184 | +€113 | +159% |
| Taxes, remuneration and social security | 45 | €18,993 | €19,449 | +€456 | +2.4% |
| Taxes | 450/3 | €10,605 | €12,843 | +€2,238 | +21.1% |
| Remuneration and social security | 454/9 | €8,388 | €6,606 | -€1,782 | -21.2% |
| Turnover | 70 | €125,161 | €65,487 | -€59,674 | -47.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €81,979 | €58,961 | -€23,018 | -28.1% |
| Remuneration, social security and pensions | 62 | €31,328 | €2,999 | -€28,329 | -90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,850 | €210 | -€1,640 | -88.6% |
| Other operating charges | 640/8 | €1,445 | €1,976 | +€531 | +36.7% |
| Gross operating margin | 9900 | €43,182 | €6,526 | -€36,656 | -84.9% |
| Operating profit (loss) | 9901 | €8,559 | €1,341 | -€7,218 | -84.3% |
| Financial charges | 65/66B | €174 | €75 | -€99 | -56.9% |
| Recurring financial charges | 65 | €174 | €75 | -€99 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | €8,385 | €1,266 | -€7,119 | -84.9% |
| Profit (loss) for the period | 9904 | €8,385 | €1,266 | -€7,119 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,385 | €1,266 | -€7,119 | -84.9% |
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.