MTS Group: 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 Group
Largest movements
- Receivables within one year +€64,445
up €64,445 (+2191.6%), from €2,941 to €67,385
of which Trade receivables: +€62,910
- Cash -€11,356
down €11,356 (-73.3%), from €15,483 to €4,128
mainly Receivables within one year (-€64,445) and Stocks and contracts (-€11,142)
- Stocks and contracts +€11,142
new in 2024: €11,142
- Tangible fixed assets +€4,693
up €4,693 (+522.1%), from €899 to €5,591
of which Furniture and vehicles: +€3,029
- Trade debts +€44,198
up €44,198 (+272.0%), from €16,251 to €60,450
- Tax, wage and social debts +€14,514
up €14,514 (+3227.7%), from €450 to €14,963
of which Taxes: +€10,344
- Debts after one year +€13,333
new in 2024: €13,333
- Profit (loss) carried forward -€7,672
down €7,672 (-27.6%), from -€27,770 to -€35,441
- Current portion of long-term debt +€4,000
new in 2024: €4,000
- Gross operating margin +€39,163
up €39,163, from -€27,450 to €11,714
- Staff costs +€15,819
up €15,819 (+118054.7%), from €13 to €15,833
- Financial charges +€1,703
up €1,703 (+4164.8%), from €41 to €1,744
- Depreciation +€1,500
up €1,500 (+564.1%), from €266 to €1,765
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,931 | €89,305 | +€68,374 | +326.7% |
| Fixed assets | 21/28 | €2,507 | €6,650 | +€4,143 | +165.2% |
| Intangible fixed assets | 21 | €1,609 | €1,059 | -€550 | -34.2% |
| Tangible fixed assets | 22/27 | €899 | €5,591 | +€4,693 | +522.1% |
| Plant, machinery and equipment | 23 | - | €1,664 | +€1,664 | |
| Furniture and vehicles | 24 | €899 | €3,927 | +€3,029 | +337.0% |
| Current assets | 29/58 | €18,424 | €82,655 | +€64,231 | +348.6% |
| Stocks and contracts in progress | 3 | - | €11,142 | +€11,142 | |
| Stocks | 30/36 | - | €11,142 | +€11,142 | |
| Amounts receivable within one year | 40/41 | €2,941 | €67,385 | +€64,445 | +2191.6% |
| Trade receivables | 40 | €2,873 | €65,783 | +€62,910 | +2189.4% |
| Other amounts receivable | 41 | €67 | €1,602 | +€1,535 | +2283.7% |
| Cash at bank and in hand | 54/58 | €15,483 | €4,128 | -€11,356 | -73.3% |
| Total equity and liabilities | 10/49 | €20,931 | €89,305 | +€68,374 | +326.7% |
| Equity | 10/15 | -€21,770 | -€29,441 | -€7,672 | -35.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,770 | -€35,441 | -€7,672 | -27.6% |
| Amounts payable | 17/49 | €42,701 | €118,746 | +€76,045 | +178.1% |
| Amounts payable after more than one year | 17 | - | €13,333 | +€13,333 | |
| Financial debts | 170/4 | - | €13,333 | +€13,333 | |
| Amounts payable within one year | 42/48 | €42,701 | €105,413 | +€62,712 | +146.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,000 | +€4,000 | |
| Trade debts | 44 | €16,251 | €60,450 | +€44,198 | +272.0% |
| Suppliers | 440/4 | €16,251 | €60,450 | +€44,198 | +272.0% |
| Taxes, remuneration and social security | 45 | €450 | €14,963 | +€14,514 | +3227.7% |
| Taxes | 450/3 | €450 | €10,793 | +€10,344 | +2300.3% |
| Remuneration and social security | 454/9 | - | €4,170 | +€4,170 | |
| Other amounts payable | 47/48 | €26,000 | €26,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €13 | €15,833 | +€15,819 | +118054.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €1,765 | +€1,500 | +564.1% |
| Gross operating margin | 9900 | -€27,450 | €11,714 | +€39,163 | |
| Operating profit (loss) | 9901 | -€27,729 | -€5,884 | +€21,844 | +78.8% |
| Financial charges | 65/66B | €41 | €1,744 | +€1,703 | +4164.8% |
| Recurring financial charges | 65 | €41 | €1,744 | +€1,703 | +4164.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,770 | -€7,629 | +€20,141 | +72.5% |
| Income taxes | 67/77 | - | €43 | +€43 | |
| Profit (loss) for the period | 9904 | -€27,770 | -€7,672 | +€20,098 | +72.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,770 | -€7,672 | +€20,098 | +72.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.