MTS ENERGY: 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.
MTS ENERGY
Largest movements
- Cash -€98,897
down €98,897 (-24.1%), from €410,074 to €311,177
mainly Investment in fixed assets (net) (-€95,285) and Receivables within one year (-€44,908)
- Tangible fixed assets +€51,285
up €51,285 (+14.8%), from €346,190 to €397,475
of which Land and buildings: +€62,726
- Receivables within one year +€44,908
up €44,908 (+37.5%), from €119,671 to €164,579
of which Trade receivables: +€30,986
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€25,984
down €25,984 (-80.1%), from €32,459 to €6,475
- Depreciation +€4,924
up €4,924 (+12.6%), from €39,076 to €44,000
- Taxes -€3,421
down €3,421 (-94.6%), from €3,615 to €194
- Financial income -€736
down €736 (-1.4%), from €51,420 to €50,684
- Other operating charges -€335
down €335 (-2.5%), from €13,206 to €12,871
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 | €877,761 | €875,117 | -€2,644 | -0.3% |
| Fixed assets | 21/28 | €346,190 | €397,475 | +€51,285 | +14.8% |
| Tangible fixed assets | 22/27 | €346,190 | €397,475 | +€51,285 | +14.8% |
| Land and buildings | 22 | €234,325 | €297,052 | +€62,726 | +26.8% |
| Plant, machinery and equipment | 23 | €872 | €992 | +€120 | +13.8% |
| Other tangible fixed assets | 26 | €110,993 | €99,431 | -€11,562 | -10.4% |
| Current assets | 29/58 | €531,571 | €477,642 | -€53,929 | -10.1% |
| Amounts receivable within one year | 40/41 | €119,671 | €164,579 | +€44,908 | +37.5% |
| Trade receivables | 40 | €14,720 | €45,706 | +€30,986 | +210% |
| Other amounts receivable | 41 | €104,951 | €118,873 | +€13,923 | +13.3% |
| Cash at bank and in hand | 54/58 | €410,074 | €311,177 | -€98,897 | -24.1% |
| Deferred charges and accrued income | 490/1 | €1,826 | €1,886 | +€59 | +3.3% |
| Total equity and liabilities | 10/49 | €877,761 | €875,117 | -€2,644 | -0.3% |
| Equity | 10/15 | €868,463 | €868,344 | -€119 | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €972,436 | €972,436 | = | 0.0% |
| Distributable reserves | 133 | €972,436 | €972,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,973 | -€166,092 | -€119 | -0.1% |
| Amounts payable | 17/49 | €9,298 | €6,773 | -€2,525 | -27.2% |
| Amounts payable within one year | 42/48 | €8,679 | €4,650 | -€4,029 | -46.4% |
| Trade debts | 44 | €5,639 | €2,758 | -€2,881 | -51.1% |
| Suppliers | 440/4 | €5,639 | €2,758 | -€2,881 | -51.1% |
| Taxes, remuneration and social security | 45 | €3,040 | €1,892 | -€1,148 | -37.8% |
| Taxes | 450/3 | €2,040 | €892 | -€1,148 | -56.3% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €619 | €2,123 | +€1,504 | +243% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,076 | €44,000 | +€4,924 | +12.6% |
| Other operating charges | 640/8 | €13,206 | €12,871 | -€335 | -2.5% |
| Non-recurring operating charges | 66A | €3,840 | - | -€3,840 | |
| Gross operating margin | 9900 | €32,459 | €6,475 | -€25,984 | -80.1% |
| Operating profit (loss) | 9901 | -€23,664 | -€50,396 | -€26,732 | -113% |
| Financial income | 75/76B | €51,420 | €50,684 | -€736 | -1.4% |
| Recurring financial income | 75 | €51,420 | €50,684 | -€736 | -1.4% |
| Financial charges | 65/66B | €281 | €214 | -€67 | -24.0% |
| Recurring financial charges | 65 | €281 | €214 | -€67 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €27,476 | €75 | -€27,401 | -99.7% |
| Income taxes | 67/77 | €3,615 | €194 | -€3,421 | -94.6% |
| Profit (loss) for the period | 9904 | €23,860 | -€119 | -€23,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,860 | -€119 | -€23,980 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.